With the building & construction boom, demand for tradespeople is far outstripping the supply across all major western countries. Trade businesses are drowning in work. Consequently, trade business owners are drowning in paper and admin making them the perfect growth industry for accountants & bookkeepers to add the most value.
Many small trade companies with one-five employees struggle with fitting bookkeeping and administration around their long hours of physical work. Because of this, they don’t have enough time in the day to look at key financial metrics and understand what that means, tax compliance gets left behind and they have little visibility over what’s going on in their business.
This is a golden opportunity for you, because there’s a lot you can do to help. If you’re focusing more on your advisory model, these small trade businesses make great clients – they’ve often spent years doing their paperwork by hand. By showing them how cloud-accounting and other tools can improve their business and give them more free time with their hobbies or families, you’ll become an indispensable and trusted ally.