#302 // Sunday Skool “Let’s Get A Reality Check On Your Electrical Businesses Financial Performance, EOFY Results, Cashflow, Invoicing, OPEX + Other Key Numbers”

Today Cam McCracken + Joe Pratt take us through what numbers to look for (and to look out for!!) in your electrical / air con / solar business.

From invoicing, to OPEX, to COO, to COGs, to GP, to NP, to cashflow, to EOFY, to revenue, to financial goals, to %ers to watch, there sure are a lot of numbers floating around.

But what ones actually matter? And what are the key drivers to improve the ones that actually matter? Where do you start?

Cam + Joey walk us through all this, plus more, in this discussion.

May this pod bless you and propel you on your trade god ordained destiny of making money, building wealth + being kind.

Much love xx.

Ps we understand financial stuff can be super stressful for some people to look at so pls reach out if you need any help navigating numbers or need any advice or have any questions x

Primary Goal Educational

Summary This session with Sparky Coach Group features Cam and Joey discussing critical financial management strategies for electrical business owners. Topics include invoicing, expense management, and optimizing cash flow to ensure business growth and stability.

Keywords business finance, invoicing, expense management, cash flow, electrical business, business growth, financial year-end reflection

Key Topics Invoicing importance and best practices Managing operational expenses and cost control Strategies for improving cash flow and profitability

Guest Names Cam and Joey

Titles Mastering Business Cash Flow: Invoicing and Expense Strategies for Electrical Contractors How to Turn a Negative Profit Month into a Positive One

Sound Bites "If you have a runaway train, work harder to stop it." "You can't have a business without invoicing." "Always match receipts with your expenses."

Chapters 00:00 Reflecting on Business Performance 03:07 The Importance of Invoicing 05:51 Organizing Your Invoicing Process 08:42 Understanding Financial Health 11:34 Evaluating Operational Costs 22:06 Understanding Vehicle Expenses 26:19 The Importance of Insurance and Subscriptions 28:44 Reviewing Costs and Opportunities 35:39 Organizing Financial Records 41:36 Final Thoughts on Financial Management