Mastering Business Finances: The Secret to Doubling a companies turnover in a Year

A skeptic, when confronted with a bold claim such as “Doubling Turnover in a year,” may immediately dismiss it as unrealistic, deeming it beyond the realm of possibility!”

However, the journey recounted by Paul Braithwaite, the proprietor of Braithwaite Painting & Decorating, tells a different tale—one of business chaos gradually being pushed away to triumphant success. Through firsthand insights, Paul delves into the transformative changes he implemented within his business and the valuable lessons he gleaned along the way.

Paul’s candidly talks about the struggle that trades business owners often go through, one of managing the business operations while being pulled into the day-to-day tasks rather than working on the business, even going back on the tools at really busy periods! Then the late nights and weekends being dedicated to catching up on admin work, this left little or no time for critical financial management duties such as bookkeeping and one of the most important elements of any business, cash-flow monitoring!

Yet, by working with ActionCOACH Paul was able to make some significant changes in his company’s trajectory.

By realising and seeking help to master his business finances and in steering his business towards structured growth, Paul candidly shares the struggles in increasing his skillset and then discusses the indispensable insights gleaned. His account underscores the steep learning curve involved when mastering business finances and meticulously tracking financial metrics, but most importantly, why this is such a critical part of business management, keeping control of the business and not running out of cash.

Often simplifying things is a great place to start, like in life, this is also true in business, so getting clarity on what is required across a business makes for a far simpler and focused business;

1. Setting business goals – You dont build a house without a plan, so why try to build a business without one!
2. Mastering finances – Not knowing your finances is like trying to drive a car by looking over your shoulder, your constantly looking backwards and not seeing the things in front of you or being blindside!
3. Mastering your time – The easiest commodity to waste, and yet the most valuable, is your Time! Without structure, discipline and goals it is so easy to be very busy, but not effective.
4. Finding and keeping quality staff– As the world has changed post COVID-19, in the current economic climate  and following significant changes in employment law, it can be difficult to keep focused on driving the business with so many areas to keep on top off.

At ActionCOACH we often we see business owners who have built a business but who may need help in certain key areas which may be holding them back.

If you feel that your being pulled back into working in the business rather than on it, you maybe are working long hours and it feels like you need to take some control of your business, or you are feeling the pressure and stress of running a business! well maybe its time to get a plan in place to make some changes!

If you would like a 30-min intro call click on the following link, find a slot when I am free which suits you, and lets have an initial conversation. https://calendly.com/chrisbrown_huntingdon/30-min-intro-call