You have a business, you know that you are doing well, but you don’t know where all the money goes. This is a struggle that most business owners can relate to. Firstly because of a lack of financial education in schools, and secondly being a lack of systems to manage money better. However, if you’re intentional about growing and reaping the rewards of a successful business, it’s important to get a hold of your finances. 

In today’s Tradie Business School podcast episode, Barry and Michael will address the dilemma most business owners face. They discuss why earning more isn’t always the means to having more. They also share a practical and simple system to manage your business’s finances. Moreover, they also share their personal experiences with regards to handling their finances and what they learned from it. 

If you’re adamant about managing your finances better, this episode is for you.

What’s Discussed in This Episode:

0:00 Introduction 
1:09 Managing money is a struggle for many business owners 
2:33 Debunk the myth ‘to have more, ‘earn more’ 
4:53 Creating a system to manage money 
7:50 Step-by-step process to follow to manage your money  
20:05 Final takeaways 

Resources:
The Game Changers (https://www.thegamechangers.com.au/)   

Books mentioned in this episode: 
The Barefoot Investor (https://www.amazon.com/Barefoot-Investor-Money-Guide-Youll/dp/0730324214) 
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Michael Michalowicz (https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4) 
Profit First Allocations by Michael Michalowicz (https://s3.amazonaws.com/ProfitFirst/Graphics+%26+Charts+From+Profit+First.pdf) 

Join Off the Tools community. You can also connect with us on Linkedin. For more podcast episodes, you may also visit our website. Tune in and subscribe to The Tradie Business School: You can also listen to The Site Shed on Apple Podcasts, Spotify, and Google Podcasts.

Thank you for tuning in! 

You have a business, you know that you are doing well, but you don&rsquo;t know where all the money goes. This is a struggle that most business owners can relate to. Firstly because of a lack of financial education in schools, and secondly being a lack of systems to manage money better. However, if you&rsquo;re intentional about growing and reaping the rewards of a successful business, it&rsquo;s important to get a hold of your finances.&nbsp;
In today&rsquo;s Tradie Business School podcast episode, Barry and Michael will address the dilemma most business owners face. They discuss why earning more isn&rsquo;t always the means to having more. They also share a practical and simple system to manage your business&rsquo;s finances. Moreover, they also share their personal experiences with regards to handling their finances and what they learned from it.&nbsp;
If you&rsquo;re adamant about managing your finances better, this episode is for you.
What&rsquo;s Discussed in This Episode:
0:00 Introduction&nbsp; 1:09 Managing money is a struggle for many business owners&nbsp; 2:33 Debunk the myth &lsquo;to have more, &lsquo;earn more&rsquo;&nbsp; 4:53 Creating a system to manage money&nbsp; 7:50 Step-by-step process to follow to manage your money&nbsp;&nbsp; 20:05 Final takeaways&nbsp;
Resources:
<ul>
<li>The Game Changers (<a href="https://www.thegamechangers.com.au/">https://www.thegamechangers.com.au/</a>)&nbsp; &nbsp;</li>
</ul>
Books mentioned in this episode:&nbsp;
<ul>
<li>The Barefoot Investor (<a href="https://www.amazon.com/Barefoot-Investor-Money-Guide-Youll/dp/0730324214">https://www.amazon.com/Barefoot-Investor-Money-Guide-Youll/dp/0730324214</a>)&nbsp;</li>
<li>Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Michael Michalowicz (<a href="https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4">https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4</a>)&nbsp;</li>
<li>Profit First Allocations by Michael Michalowicz (<a href="https://s3.amazonaws.com/ProfitFirst/Graphics+%26+Charts+From+Profit+First.pdf">https://s3.amazonaws.com/ProfitFirst/Graphics+%26+Charts+From+Profit+First.pdf</a>)&nbsp;</li>
</ul>
Join <a href="https://www.facebook.com/groups/getoffthetools">Off the Tools community</a>. You can also connect with us on <a href="https://au.linkedin.com/company/the-game-changers">Linkedin</a>. For more podcast episodes, you may also visit our <a href="https://tradiebusinessschool.com/">website</a>. Tune in and subscribe to The Tradie Business School: You can also listen to The Site Shed on <a href="https://podcasts.apple.com/ph/podcast/tradie-business-school-podcast/id1544187908">Apple Podcasts</a>, <a href="https://open.spotify.com/show/0k08gdcQypSXHcoYFpJ58A?si=qNZk1ul9QG-uI4PQ6ivcog">Spotify</a>, and <a href="https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvM2M3MjQ0NGItNjIxZi00YTNlLWI2ZTEtYTgyMDAwNjczYzJmLzhhNTIyNWIzLWQ4YjEtNDRiMy05MjcwLWFjOGQwMDIyZmJmZC83MDY3NjI0Ny00ZTlmLTRjZjEtODMwNi1hYzhkMDAyNGE3YzYvcG9kY2FzdC5yc3M?sa=X&amp;ved=0CAMQ4aUDahcKEwjAt4HTydbtAhUAAAAAHQAAAAAQDA">Google Podcasts</a>.
Thank you for tuning in!&nbsp;

The Tradie Business School gives you the skills to run your business like a business owner instead of spending your days chasing your tail. Run by trade-industry experts, we understand the challenges you’re facing and know how to get your business working more smoothly and profitably.

The Tradie Business School gives you the skills to run your business like a business owner instead of spending your days chasing your tail. Run by trade-industry experts, we understand the challenges you&rsquo;re facing and know how to get your business working more smoothly and profitably.

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