We have a new tradie client who started business about 18 months ago.  It is a father and son operation, with the unique situation of the son being the qualified tradesman and the father having years of trade experience. 

As with many young tradesmen starting their own business, they are purely focused on getting the work done timely and correctly, without much thought of the rest of the issues of running a business. 

Having the father with a vested interest has really made this business work.    We have worked with the father on setting up the quoting and invoicing processes and discussed the costings used for materials, charge rates of labour and allowances for overs.  We have also emphasised the need to stop work and get variations approved before continuing. 

With the calmer head of the father, he has focused on all aspects of running the business properly, including paying all taxes and super in time, if not early.  Cash flow management has been excellent. 

Their success has meant they are now looking to buy a small factory to operate their business.