Top Tips For Tradies

Key Takeaways:

• Separate Finances: It's crucial for tradies to distinguish between personal and business finances to maintain clarity and manage liabilities effectively.
• Do Your Admin: Staying on top of paperwork and administrative tasks can save a lot of stress and potential legal complications down the road.
• Know Your Worth: Tradies should confidently set fair prices that reflect their skills, experience, and the true cost of operating a business.
• Building a Team: Having a supportive network, including professionals like accountants and mentors, is invaluable for self-employed individuals.
• Christian Ethics in Trades: Practicing integrity and valuing customer relationships is emphasized, highlighting how faith can influence professional conduct.

Notable Quotes:

1. "What is not boring is making money and staying out of jail."
2. "Don't be afraid to charge what you're worth."
3. "We need to reflect all the costs and recognize the value we provide."
4. "I think we're called to a higher standard."

Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

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