Episodes

  • 17: The Top 3 Profit First Mistakes (And How To Avoid Them)

    17: The Top 3 Profit First Mistakes (And How To Avoid Them)
    Nov 11 2024

    If Profit First is failing you, don’t quit — let’s fix it together!

    In this episode, we dive into the frustrations many business owners face when trying to implement the Profit First system. You may have read the books, listened to the podcasts, or even given it a shot in your business, but still, the results just aren’t adding up.


    Why does it seem to work for everyone else except you? Katie unpacks the common mistakes, missteps, and hurdles she’s seen from business owners who’ve hit the wall with Profit First, offering practical tips to get things back on track.


    Whether you’ve fallen off the Profit First wagon, or you’ve just never felt like it’s working for your business, Katie’s advice could be the game-changer you need. Learn the key elements of setting up Profit First correctly, staying consistent, and adjusting the system as your business evolves. Plus, she offers a free resource to help you identify where you’re getting stuck.


    In this episode of Profit First for Tradies, you’ll learn the following:

    • The frustration with Profit First (00:10)
    • Three common Profit First pitfalls (01:11)
    • The essential checklist to troubleshoot your Profit First issues and get moving toward sustainable success (03:05)
    • Need Help? Here are your options (03:37)


    If Profit First has been a frustrating experience for you, don’t throw in the towel just yet. With the right adjustments and consistent application, it can absolutely transform your business. It’s never too late to get it right — take that next step to financial clarity and freedom!


    CONNECT WITH KATIE CRISMALE-MARSHALL

    • Email: support@profitfirstfortradies.com.au
    • Instagram: https://www.instagram.com/profitfirstfortradies/
    • YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
    • Facebook Group: https://www.facebook.com/groups/profitfirstfortradies
    • Facebook: https://www.facebook.com/ProfitFirstforTradies/
    • Website: https://www.profitfirstfortradies.com.au/
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    8 mins
  • 16: 3 Hidden Problems in Your Xero File — and How To Solve Them

    16: 3 Hidden Problems in Your Xero File — and How To Solve Them
    Nov 4 2024

    Burnt out, stressed, and confused by your numbers? Let's fix that.

    In today’s episode, Katie dives deep into the hidden problems lurking in your Xero file that are silently sabotaging your business. Whether you’re a business owner doing your best to manage your books or you're working with a bookkeeper who’s missing the mark, these issues are leading to inaccurate reporting, poor bookkeeping processes, and dreaded surprise tax bills.


    But don’t worry — Katie’s here to help you turn it all around with simple, practical steps. She'll walk you through identifying red flags, streamlining your bookkeeping, and ensuring your Xero file is one of your best business assets, not your biggest headache.


    In this episode of Profit First for Tradies, you’ll learn the following:

    • The 3 biggest frustrations business owners face with Xero files (00:30)
    • The dangers of inaccurate reporting (02:00)
    • The perils of inefficient bookkeeping and tips to streamline your processes (02:34)
    • The worst outcome of mismanaged books: surprise tax bills (03:02)
    • A quick and simple DIY audit to spot discrepancies in your Xero dashboard (03:26)
    • The importance of asking for help when things don’t look right (04:57)
    • How to get in touch with Katie (07:39)


    Ready to take control of your Xero file and breathe that sigh of relief? Don’t wait for things to get worse — open up your dashboard now, do a quick check, and start asking the right questions!



    QUOTES

    “You can simply open up your Xero dashboard and look at those three points, and if it doesn't make sense, then you know exactly what you need to do — you need to reach out and ask for help.” - Katie Crismale-Marshall


    Resources

    Xero

    Hubdoc
    Show More Show Less
    11 mins
  • 15: Transform Chaos into Clarity by Mastering Planning and Goal Setting

    15: Transform Chaos into Clarity by Mastering Planning and Goal Setting
    Jul 22 2024
    Tired of the daily grind with no clear end in sight? Discover the power of planning your success!
    In this episode, Katie dives into the crucial topic of goal setting and planning for trades businesses. She challenges the common resistance to planning, addressing the importance of having clear goals and a solid plan to navigate the unpredictable nature of the trades industry.
    Katie emphasises that planning isn't about following a perfect path but about having a direction to steer through challenges and achieve long-term success. By having a clear vision and actionable steps, you can navigate industry challenges more effectively, ensuring sustained growth and profitability.
    In this episode of Profit First for Tradies, you’ll learn the following:

    • The common groans about planning and why tradies need to reflect on their business' purpose and end goals (00:31)
    • The unpredictability of the trades industry and why having a plan still matters (01:06)
    • The value of personalising your plans (02:42)
    • First crucial point in planning: Visualise possibilities (03:22)
    • Second crucial point in planning: Decide, declare, and write them down (04:07)
    • Third crucial point in planning: Rough out the draft (04:45)
    • Insights from a masterclass by Andrew Sparks (06:14)


    Setting clear goals and planning are essential for tradies looking to save time, money, and sanity in their business journey. This strategic approach not only helps in achieving personal and financial goals but also provides a roadmap for long-term success and stability in business. Remember, successful planning starts today — not tomorrow, not next month, not next year.
    CONNECT WITH KATIE CRISMALE-MARSHALL
    • Email: support@profitfirstfortradies.com.au
    • Instagram: https://www.instagram.com/profitfirstfortradies/
    • YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
    • Facebook Group: https://www.facebook.com/groups/profitfirstfortradies
    • Facebook: https://www.facebook.com/ProfitFirstforTradies/
    • Website: https://www.profitfirstfortradies.com.au/
    Show More Show Less
    9 mins
  • 14: Steps to Profit First Success for Tradies at Any Stage

    14: Steps to Profit First Success for Tradies at Any Stage
    Jul 15 2024
    Think you're too small for Profit First? Think again — and transform your business from a cash monster to a money-making machine!
    In this episode, Katie Crismale-Marshall breaks down the essentials for trades businesses at any stage — whether you're just starting out or have been in business for a while. She emphasises the importance of implementing the Profit First system early on, debunking the myth that you need to be a big player to start profiting.
    In this episode of Profit First for Tradies, you’ll learn the following:

    • Common misconceptions about starting Profit First (00:46)
    • Why now is always the best time to implement Profit First (01:06)
    • Step 1: Read or listen to Katie’s book Profit First for Tradies (01:27)
    • Step 2: Audit your systems — the importance of having integrated financial and job management systems (02:01)
    • Step 3: Get started with Profit First — here’s how (02:54)
    • Available resources with action items for different business stages (05:15)


    This episode is perfect for tradies at any stage of their business journey, from newbies to seasoned professionals. By implementing the steps discussed, you'll streamline your financial systems and start seeing consistent profits. Remember, Profit First is for every tradie, no matter where you are in the game.

    QUOTES

    “The key with Profit First is consistency. Get started — you don't have to build the entire framework right from the beginning. You just have to get started with parts of that framework and then continue to build over time.” - Katie Crismale-Marshall


    Resources

    Profit First for Tradies by Katie Crismale-Marshall
    Profit First for Tradies Facebook Group
    CONNECT WITH KATIE CRISMALE-MARSHALL
    • Email: support@profitfirstfortradies.com.au
    • Instagram: https://www.instagram.com/profitfirstfortradies/
    • YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
    • Facebook Group: https://www.facebook.com/groups/profitfirstfortradies
    • Facebook: https://www.facebook.com/ProfitFirstforTradies/
    • Website: https://www.profitfirstfortradies.com.au/
    Show More Show Less
    7 mins
  • 13: The Power of Celebrating Small Wins in Transforming Your Business One Step at a Time

    13: The Power of Celebrating Small Wins in Transforming Your Business One Step at a Time
    Jul 10 2024
    Wanna know the secret to keeping your business momentum? It’s a simple habit — pat yourself on the back!
    In this episode, Katie Crismale-Marshall dives into the often-overlooked habit of celebrating small wins in your business. Katie shares insightful observations from her interactions with various business owners and highlights the importance of acknowledging progress, no matter how small. She provides actionable steps to help you cultivate this habit, ensuring you stay motivated and continue to thrive.
    In this episode of Profit First for Tradies, you’ll learn the following:

    • The power of celebrating small wins (00:31)
    • The value of consistent effort and how it leads to significant gains over time, even if the process isn't perfect (01:49)
    • Action step #1: Reflect on recent wins (02:30)
    • Action step #2: Identify actions you can take this week that you can celebrate later (02:55)
    • Action step #3: Set a weekly reminder to review and celebrate your wins (03:18)
    • How sharing your wins with others can amplify the positivity (03:45)
    • The benefits of adopting this habit (04:49)


    Remember, celebrating your wins isn't just about feeling good — it's about building a sustainable, profitable business. Stop chasing perfection! Your progress is always worth celebrating.
    CONNECT WITH KATIE CRISMALE-MARSHALL
    • Email: support@profitfirstfortradies.com.au
    • Instagram: https://www.instagram.com/profitfirstfortradies/
    • YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
    • Facebook Group: https://www.facebook.com/groups/profitfirstfortradies
    • Facebook: https://www.facebook.com/ProfitFirstforTradies/
    • Website: https://www.profitfirstfortradies.com.au/
    Show More Show Less
    7 mins
  • S2 Bonus Episode: Stepping Into a New Role at Profit First Australia & NZ

    S2 Bonus Episode: Stepping Into a New Role at Profit First Australia & NZ
    Jul 8 2024
    Here’s an exciting update you can't miss!
    In this special bonus episode, Katie shares some groundbreaking news that marks a significant milestone for both her and Profit First for Tradies. For over six years, Katie has dedicated herself to helping tradies transform their businesses, and today, she unveils a new chapter in this incredible journey.
    In this episode of Profit First for Tradies, you’ll learn the following:

    • Katie’s exciting new role at Profit First Australia and New Zealand (01:18)
    • Business as usual for Profit First for Tradies (02:50)
    • Katie shares a personal story about her parents' struggles in their self-employed business, which sparked her determination to help others avoid similar challenges (04:08)
    • Why you should reach out if you have any questions (05:32)


    We are excited to bring you this bonus episode, updating you on Katie's new role as CEO of Profit First Australia and New Zealand will alongside her role as CEO of Profit First for Tradies. Katie is looking forward to helping even more small business owners and their families to build their permanently profitable businesses.
    CONNECT WITH KATIE CRISMALE-MARSHALL
    • Email: support@profitfirstfortradies.com.au
    • Instagram: https://www.instagram.com/profitfirstfortradies/
    • YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
    • Facebook Group: https://www.facebook.com/groups/profitfirstfortradies
    • Facebook: https://www.facebook.com/ProfitFirstforTradies/
    • Website: https://www.profitfirstfortradies.com.au/
    Show More Show Less
    7 mins
  • 12: 3 Steps to Finish Strong and Start Fresh this EOFY

    12: 3 Steps to Finish Strong and Start Fresh this EOFY
    Jul 1 2024
    Stressed about EOFY? Let’s flip the script and finish strong!
    In this episode, we dive into the pressing topic of the end of the financial year (EOFY). With June upon us, many tradies find themselves in a whirlwind of financial stress and unfulfilled goals.
    It’s a familiar tale — “I’ll start that next financial year,” but as Katie reminds us, nothing miraculously changes come July 1st. So instead of waiting for the new financial year, why not take control now?
    Katie offers three practical tips to ensure you finish this financial year strong and start the next one on the right foot. She emphasises that taking small, deliberate steps can lead to significant changes.
    In this episode of Profit First for Tradies, you’ll learn the following:

    • Common excuses as the end of the financial year looms ahead and the importance of proactive planning (00:10)
    • Reality check — don’t expect a magical transformation on July 1st if you don’t take action now (01:22)
    • If this year has been stressful, acknowledge it but plan to make next year different (01:52)
    • The big question — What are you going to do differently? (02:25)
    • Step 1: Make a decision now to change and prioritise your financial management (02:53)
    • Step 2: Pinpoint your biggest financial headaches (03:07)
    • Step 3: Find the right help for your business (04:03)
    • Action items for EOFY (05:23)


    If you’re feeling overwhelmed by the end of the financial year, remember you’re not alone, and there’s plenty you can do to turn things around. Prioritise, plan, and seek the right support to make this EOFY your most successful yet. Don’t wait for the calendar to flip — start making the necessary adjustments now to ensure a smoother, more prosperous financial year ahead!
    CONNECT WITH KATIE CRISMALE-MARSHALL
    • Website: https://www.profitfirstfortradies.com.au/
    • YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
    • Facebook: https://www.facebook.com/ProfitFirstforTradies/
    • Email: katie@profitfirstfortradies.com.au
    • Instagram: https://www.instagram.com/profitfirstfortradies/

    Show More Show Less
    7 mins
  • 11: Attempted To Implement Profit First But Didn't Quite Get It All Set Up

    11: Attempted To Implement Profit First But Didn't Quite Get It All Set Up
    Jun 24 2024
    Have you tried implementing Profit First in your business but found yourself stuck or overwhelmed? Many tradies attempt to implement Profit First but hit roadblocks due to time constraints, cash flow issues, or simply not knowing where to start.
    In today’s episode, we'll explore practical steps to help you get back on track and successfully implement Profit First, even if you’ve struggled before.

    In this episode of Profit First for Tradies, you’ll learn the following:

    • Understanding the benefits of implementing Profit First and common reasons why tradies get stuck. [00:00]
    • The importance of making a firm decision to implement Profit First and sticking to it. [02:30]
    • Steps to ensure you consistently apply Profit First principles, including setting aside time weekly for financial review. [04:10]
    • Identifying what worked and what didn’t in your previous attempts and making necessary adjustments. [06:00]
    • How successful implementation can lead to better decision-making, less stress, and a more enjoyable business environment. [08:00]


    Implementing Profit First can transform your business and personal life by providing financial clarity and reducing stress. Even if you’ve struggled before, it’s never too late to get back on track. Join me for a quick chat to receive personalised action steps that can help you move forward.

    CONNECT WITH KATIE CRISMALE-MARSHALL
    • Website: https://www.profitfirstfortradies.com.au/
    • YouTube: https://www.youtube.com/@profitfirstfortradies9503/featured
    • Facebook: https://www.facebook.com/ProfitFirstforTradies/
    • Email: katie@profitfirstfortradies.com.au
    • Instagram: https://www.instagram.com/profitfirstfortradies/

    Show More Show Less
    8 mins