041: Maximising Profits and Building Success with Mick Hawes of Builder Business Blackbelt- A Profit First for Tradies Special (Part 2)
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To continue the conversation from our last episode, we delve deeper into the world of Profit First and explore the rich rewards of implementing this financial management system.
Mick Hawes, a seasoned expert from Builder Business Blackbelt, shares invaluable insights and practical tips for making Profit First work for you.
Mick shares personal stories of his journey from financial distress to financial freedom, highlighting the incredible life changes that came with implementing Profit First.
He provides a practical roadmap for those who want to make Profit First a cornerstone of their financial strategy. This episode underscores the importance of immediate action, reinforcing the notion that you don't need to wait for a perfect moment.
In this episode of the Profit First for Tradies, you’ll learn the following:
- The value of the reward component within Profit First (01:16)
- Why increasing revenue is not always the solution to business problems (05:38)
- The impact of Profit First in navigating life's ups and downs (10:23)
- Mick's tips for implementing Profit First (12:08)
The powerful message that emerges from Mick's wisdom is clear: there are no valid excuses for not implementing Profit First. You can start small, but the key is to start now and create the behavior that will transform your financial management habits.
If you haven’t listened to our previous episode about Maximising Profits and Building Success with Mick Hawes of Builder Business Blackbelt- A Profit First for Tradies Special (Part 1), check out Episode 040.
QUOTES
"The purpose of your business is to give you the time and financial freedom to either go and enjoy what your passion is, or be able to deal with the challenges that life throws at you." -Mick Hawes
"Why take all of the time, effort and money it costs to learn from experience when you can learn from other people's experience? Ask questions, don’t make the mistakes they made, but gain the benefit of the lesson they can give you for nothing." -Mick Hawes
"With Profit First, it was easy for me to make decisions. In a period of time where it was stressful, I didn't have to spend more energy making business decisions because I had the system set up." -Katie Crismale-Marshall
"There's no easy profit road, we all have to come through the same process." -Katie Crismale-Marshall
Resources
CONNECT WITH MICK HAWES
- Website: https://buildersbusinessblackbelt.com.au/
- LinkedIn: https://www.linkedin.com/in/mickhawes/
- Facebook: https://www.facebook.com/buildersbusinessblackbelt/
- Instagram: https://www.instagram.com/builders_business_blackbelt/
- Podcast: https://buildersbusinessblackbelt.com.au/podcast/
63 episodes