09/06/2026
Two things that I am proud of in our trade business. Keeping an eye on the numbers + protecting cash flow
For now, I will share with you why I am so hot on our numbers.
Right from the early days, I kept Excel spreadsheets for every single customer [materials/costing and labour]. I kept a spreadsheet to tally what each of these jobs amounted to – which was extremely useful when we breached ME thresholds.
We moved to EIRL, I continued tracking everything.
I looked at how much the business and household were costing us each month, each year, and when it’s past 60K+ you want to make sure that every euro is covered! Rather than think s**t that’s a lot of money to make, I broke it down into quarters. Still a lot of money but less menacing.
When I started looking at the profitability of each job, that's when things got interesting. Despite having a healthy sum left in the bank at the end of the year, not every job was profitable. It was only when I looked at past jobs that it became glaringly obvious that some jobs didn’t cover those daily overheads!! So I looked at our business costs in more detail. I looked at what wasn’t being accounted for and immediately changed our pricing.
And you know what, I am very glad we did, because 2025 was a year that we could have gone under!
Yes, you read that right. 𝗪𝗘 𝗖𝗢𝗨𝗟𝗗 𝗛𝗔𝗩𝗘 𝗚𝗢𝗡𝗘 𝗨𝗡𝗗𝗘𝗥.
Last year when hubby had an arrêt de travail, we returned a customer's deposit and URSSAF decided they wanted another 6,000€ - all within two months.
Fortunately, we had work on the calendar when he returned, and a new monthly cotisation bill of 3,500euros! But each new enquiry was treated with the new financial mindset. And boy, it paid off! Because if we had not, I dread to think where we would have been now.
An unexpected turn of events can have a huge impact on a trade business.
What feels like stable terra firma can actually turn out to be like quicksand.
You have to keep an eye on your numbers. You have to have an eye on the horizon.