#313 // “Five Simple Ways To Make More Money In Your Electrical Business (Part 1) with Greg Crowe

Making money is easy when you know how.

The trouble is, sometimes we get busy and conveniently forget the ways to make money.

The truth is that it’s not that complicated, it’s actually a very simple concept.

In this podcast series we go through the 5 simple ways to make more money in your electrical business which are as follows:

-weekly revenue exceeds weekly expenditure (ie profit / loss) -the jobs that are starting and finishing every week (ie “closed jobs”) are at a solid net profit -the jobs that are running over weeks + months(ie “open jobs”) are on their way to making a solid net profit -all paid hours are allocated to a job (ie “labour efficiency”) -all hours completed are effective + efficient (ie “quality of hours”)

Sometimes it’s in the moments when we peel ourselves away from the mundane day to day grind where we can see how simple running a business really is.

Revenue > expenditure. Be kind. Repeat.

May these words inspire you as you proceed on your journey of making money, building wealth + being kind.

Much love, Crowe

Summary Greg Crowe shares practical strategies to increase profitability and build a sustainable electrical business over the long term. He emphasizes the importance of long-term planning, maintaining business health, and focusing on implementation over complexity.

Keywords Electrical business, profitability, long-term planning, business growth, financial management, Sparky Coach, revenue, expenses, net profit, business systems

Key Topics Long-term planning and its impact on business success The importance of weekly revenue exceeding expenses Building relationships with clients and staff for long-term success The role of gross profit and net profit in business health Strategies for increasing revenue and reducing costs

Titles 5 Ways to Make More Money in Your Electrical Business The Long Game: Building a Sustainable Electrical Business

Chapters 00:00 Introduction to Business Growth Strategies 02:51 The Power of Long-Term Thinking 07:34 Balancing Short-Term Hustle with Long-Term Goals 12:14 Five Ways to Increase Revenue in Electrical Business 15:22 Understanding Revenue and Expenditure 26:07 Conclusion and Key Takeaways