And live the life of your dreams
The Law of Business
Roles for owners change as revenue increases. Working on the business leads to higher Net Profit Margins, that free up cash to afford to pay the extra employee to free up more of your time.
With time you can build your team, implement and refine systems, introduce KPI's and have a dedicated, dependable team who work hard, even if you're not working in or on the business. That's business freedom.
Every electrician business has untapped potential waiting to be optimised, to increase the net profit margin. Here are some key areas where our electrician clients have experienced high margin increases.
Learning these skills can transform a workplace, increasing employee happiness, productivity and ability to work without supervision.
Conversion rates from leads to sales can always be improved. It's "free money" waiting to be unlocked with numerous, effective strategies that allow higher prices.
Two essential systems for any business are a recruitment system and an induction system. With these systems you can replace or hire employees easily and effortlessly.
Knowing exactly what to measure and understanding what the numbers reveal leads to higher profit margins. Meaningful reports lead to more confidence with important decisions.
Most websites are nowhere near their potential and can be easily optimised to increase leads by 20% to 50% within weeks, without any advertising cost.
Working with businesses for over 20 years has led to clear insights into exactly what management reports a business needs. Our mentoring includes that, plus interpretation of the numbers.
Clint, the owner was operating a business with 3 tradesmen and himself in Townsville, but he was working 80 hours every week, with no change in sight.
In just 10 months the business has increased leads, sales and income to have 9 employees, systems in place for service work, pricing, admin, recruitment, and management reporting.
The business owner tested not working in the business for a week - with success, and then moved to Cloncurry to renovate his new investment properties.
His business and team keep working smoothly without him being there. Later bought a new motor-home and travelled around Australia for three years with his family.
Chris had been operating his business for over 15 years and it was steady at $1,200,000. He was working 55 hours per week every week with no change in sight.
Chris wanted more out of his business, to see it grow, for margins and improve and to have a better team where he had more time.
A year later, his business had grown to $1,720,000 and the net profit margin was at 25%.
Chris reduced his hours from 55 to be working a 4-day week of 32 hours, although his business didn't need him.
He then enjoyed a 2 month holiday in Indonesia, surfing in a remote location with no internet or phone access. He was living the dream life of 'business freedom' with a business that operated profitable and smoothly without him.
CHOOSE YOUR PATH
There are 3 of the common areas. What do you want to improve the most in your business?
Discover the 7 ingredients of Business Freedom. Learn how to put an end to these common business growth challenges...
PO Box 789 Kenmore
QLD 4069 Australia
P: 1300 778 377
P: +61 7 3194 0477