Money Mindset, Bookkeeping Basics & Getting to Baseline: The Financial Blueprint Every Tradesperson Needs

Focus on achieving 'Baseline One' — covering business overhead and personal bills — as the primary goal to alleviate financial stress and open up new opportunities.

Be mindful of your language around money; avoid negative self-talk like 'I don't have enough' and reframe it to 'I'm choosing to spend my money elsewhere' or 'I will be resourceful with what I have'.

Utilize practical financial tools such as debt schedules for managing and renegotiating debts, and zero-based budgeting to intentionally allocate every dollar.

Consider personal spending habits and be disciplined with expenses; using cash can make you more conscious of spending than credit cards.

Take ownership of your financial situation; don't wait for external factors to change. Focus on what you can control, such as sales activities and operational efficiencies.

Seek professional help from financial experts or coaches when in financial pain; don't try to navigate complex financial challenges alone.

Aim for a net profit of 15% or higher after paying yourself a salary, and strategically invest excess funds to make your money work for you, rather than letting it sit idly.