62. The 5 ‘Profit Numbers’ Every Tradesman Must Know To Avoid Going Into Liquidation

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Recorded06 May 2025

Publisheranchor.fm ↗

Handlerec:11218545

Show notes

Just last week, I helped save an electrical contractor from going into liquidation and he had no idea his business was even in trouble. Within minutes of looking at five key numbers, I could see that taking on a £110,000 commercial job would have sent his business bust in less than four months.In this powerful podcast episode, I break down those five vital numbers every trades and construction business owner must understand and track. These numbers can be the difference between staying afloat and going under.Even if it looks like you're making a profit, your business could still be heading for serious trouble if you're not keeping an eye on these figures.WHAT YOU WILL LEARN AND KEY ACTIONS FROM THIS EPISODE:1. How I’ve just saved an electrical contractor’s business from liquidation2. 5 vital numbers that you must be tracking to increase profits3. Discover how to work out your Gross and Net profit margins4. Learn how to price your jobs correctly and increase profit margins5. Learn how to work out your real hourly rates instead of winging it Listen now, you may be making the same mistakes without realising it.BECOME A MEMBER: Join our ⁠⁠⁠⁠⁠Growth Club and get instant access⁠⁠⁠⁠⁠ to live marketing training, business coaching, courses and a thriving community of professional trades. Guaranteed to help you to achieve time and financial freedom. JOIN OUR FACEBOOK GROUP: Join our free and thriving ⁠⁠⁠⁠⁠Facebook group and community ⁠⁠⁠⁠⁠APPLY TO JOIN OUR INNER CIRCLE: Apply to join our 12-month ⁠⁠⁠⁠⁠business and marketing coaching programme ⁠⁠⁠⁠⁠WHO WE HELP AND SUPPORTAt the Trades Freedom Club, we help tradesmen and tradeswomen such as Plumbers, Heating Engineers, Electricians, Renewable Energy, Plasterers, Builders, Joiners, Roofers, Flooring, HVAC, Glazing, Scaffolders, CCTV, Security companies and Sub Contractors to build, grow and scale their trades or construction businesses.

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