Sparky Coach

Sparky Coach
  • 4.4 (8)
  • MANAGEMENT
  • UPDATED DAILY

🥇Make money. Build wealth. Be kind. 💰A market wage with a business net profit of 20-35% 📈Increase your net worth 🙏🏻Become the best version of yourself

  1. 44 MINS AGO

    #302 // The Lounge “End of Financial Year Planning & Tax Strategies” with Angela Lee

    Today Cam McCracken sits down with Angela Lee from Codification Accounting + Business Advisory to discuss EOFY tax planning, strategies + new changes and updates.  I remember the first time I met Angela we had dinner together at Bangalow Pub and discussed the possibility of working together.  My initial thoughts were wow she is super switched on + trustrworthy and I immediately felt super comfortable about working together and involving her really closely in our business and around our members (Cam and I work with her personally now which probably says it all tbh).   At Sparky Coach we have been working closely with Angela for coming up to 4 years now and we feel very lucky to have her on our team. Safe to say she is an absolute weapon and runs an absolute weapon team.  So yes educate yourselves for sure and yes you should read books on tax planning, but pls also remember you need to employ a weapon accountant too (and pay them what they are worth).   We will be running a 2 hour open q+a with Angela this Friday as a part of our paid program. If you are desperate to join this pls just reach out to me via online sorcery (greg@sparky.coach) or slide into the Sparky Coach insta DM’s.   Pls treat this pod like generic free advice and only apply anything if you have paid someone to look over your financial position + current set ups and so on.  Much love and enjoy the pod xx  Main Topics Covered: How to ensure your accounting software is accurate and reconciled before June 30Strategies to optimize profits and reduce taxable incomeThe importance of stock takes and inventory managementSuperannuation caps, carry-forward rules, and contributions for tax benefitsUnderstanding upcoming changes to trust taxation and franking creditsPayday super payments and cash flow managementLegislation updates including trust tax rates and vehicle asset write-offsBudget insights and potential impacts on business structuresThe importance of proactive planning with your accountant and broker Timestamps: (00:00) - Introduction to end of financial year planning with Angela Lee(02:03) - Reconciling accounts receivable and payable before June 30(03:11) - Acknowledging bad debts and writing off uncollectible accounts(04:07) - Cleaning up stock and inventory for tax advantages(05:05) - Increasing profits through asset sales and expense management(06:17) - The benefits of stock takes, especially for businesses with large inventory(07:00) - Managing stock in job management software like Simpro(08:35) - Physical stock take and vehicle inventory audits(09:32) - Identifying cash sitting in unused assets and vehicles(11:11) - Moving stock from vehicles back to warehouses to improve cash flow(12:52) - Starting early on stock management and inventory awareness(15:24) - Tips for minimizing tax before June 30, including super contributions(16:18) - Maximize super contributions through the carry-forward rules(17:14) - The strategic benefits of superannuation for business owners(18:47) - Restructuring trusts and asset rollover relief(20:38) - Understanding franking credits and trust tax implications(22:10) - The ongoing asset instant write-off threshold and its benefits(23:37) - Managing creditor payments and prepayments(25:46) - Changes to payday super from July 1 and cash flow impacts(28:45) - Preparing for new superannuation payment cycles and maintaining cash reserves(34:00) - Setting up internal bank accounts for tax obligations(36:40) - Personal responsibility of directors for tax liabilities(37:15) - Legislative updates, trust tax rate proposals, and legislative delay timelines(41:40) - Impact of new trust taxation rules and franking credit adjustments(48:43) - Structuring wages and distributions to optimize tax outcomes(54:22) - The permanent increase in asset write-off limits up to $20,000(55:49) - The potential for instant asset write-offs for year-end purchase decisions

    1hr 3min

  2. 2 DAYS AGO

    #302 // Sunday Skool “Let’s Get A Reality Check On Your Electrical Businesses Financial Performance, EOFY Results, Cashflow, Invoicing, OPEX + Other Key Numbers”

    Today Cam McCracken + Joe Pratt take us through what numbers to look for (and to look out for!!) in your electrical / air con / solar business.  From invoicing, to OPEX, to COO, to COGs, to GP, to NP, to cashflow, to EOFY, to revenue, to financial goals, to %ers to watch, there sure are a lot of numbers floating around.  But what ones actually matter? And what are the key drivers to improve the ones that actually matter? Where do you start?  Cam + Joey walk us through all this, plus more, in this discussion.  May this pod bless you and propel you on your trade god ordained destiny of making money, building wealth + being kind. Much love xx.  Ps we understand financial stuff can be super stressful for some people to look at so pls reach out if you need any help navigating numbers or need any advice or have any questions x  Primary Goal Educational Summary This session with Sparky Coach Group features Cam and Joey discussing critical financial management strategies for electrical business owners. Topics include invoicing, expense management, and optimizing cash flow to ensure business growth and stability. Keywords business finance, invoicing, expense management, cash flow, electrical business, business growth, financial year-end reflection Key Topics Invoicing importance and best practices Managing operational expenses and cost control Strategies for improving cash flow and profitability Guest Names Cam and Joey Titles Mastering Business Cash Flow: Invoicing and Expense Strategies for Electrical Contractors How to Turn a Negative Profit Month into a Positive One Sound Bites "If you have a runaway train, work harder to stop it." "You can't have a business without invoicing." "Always match receipts with your expenses." Chapters 00:00 Reflecting on Business Performance 03:07 The Importance of Invoicing 05:51 Organizing Your Invoicing Process 08:42 Understanding Financial Health 11:34 Evaluating Operational Costs 22:06 Understanding Vehicle Expenses 26:19 The Importance of Insurance and Subscriptions 28:44 Reviewing Costs and Opportunities 35:39 Organizing Financial Records 41:36 Final Thoughts on Financial Management

    45 min

  3. 5 DAYS AGO

    #301 // The Lounge ft Greg Crowe + Josh Ford

    Today Crowe sits down with Josh Ford aka “The Ford Lord” who is no doubt a deity / demigod in the electrical world.  A hero and friend to many, Fordy runs a couple of businesses atm (New Age Electrical, Lock Out + Live, New Age Media, Spark Your Interest) whilst balancing a young family.  He is a total legend (one of my fave humans tbh), dedicated family man, runs some good honest businesses, and I always know what to expect when we hang out (100% of the time he is a good time).  In this pod we discuss business start ups, rebuilding your job management system, time management, current happenings + much more.  Also side note Ford and I were discussing a camping trip to Crescent Head sometime soon let me know who is keen and we can start to organise?  Much love + enjoy the pod xx  Summary In this episode, Ford Lord shares insights on business growth, project management, and personal development in the electrical industry. Discover practical strategies for scaling your business, optimizing systems, and maintaining a healthy work-life balance. Keywords business growth, electrical industry, project management, systems, scaling, work-life balance, entrepreneurship Key Topics Business scaling and growth strategies Project management and system optimization Personal development and work-life balance Guest  Name Ford Lord Titles Mastering Business Growth in the Electrical Industry: Ford Lord's Insights Scaling Your Electrical Business: Practical Strategies from Ford Lord Sound Bites "Pricing jobs as if we're already doing them." "Work hours are the most underrated asset." "Diversify your services to stay resilient." Chapters 00:00 Introduction and Coffee Spill 00:50 Navigating Business Responsibilities 03:08 Quoting and Estimation Challenges 05:54 Utilizing Technology for Efficiency 09:54 The Importance of Proper Setup 13:59 Emotional Aspects of Transitioning Roles 17:58 Balancing Tools and Office Work 21:57 Future Aspirations and Business Development 26:21 Managing Growth and Delegation 28:19 Authenticity in Content Creation 31:12 The Importance of Continuous Learning 33:42 Building a Positive Company Culture 37:32 Finding Purpose and Happiness at Work 40:22 Navigating Different Personalities in the Workplace 44:27 Embracing Opportunities for Growth 48:19 Diversification and Resilience in Business Resources Simpro Software - https://www.simprogroup.com/ Darren from Platinum Consultants - https://www.linkedin.com/in/darren-platinum-consultants Residual Electrical UK - Mike Page - https://www.youtube.com/c/MikePageResidualElectrical RJ Air - David Long - https://www.linkedin.com/in/david-long/ Sparky Coach Podcast - https://sparkycoach.com/podcast

    55 min

  4. 11 MAY

    #300 // The Crowe Show “Don’t Ignore These 5 Huge Red Flags That Could Destroy Your Business”

    Business is no joke. You can win big, or you can lose big.  Today Greg Crowe takes us through 5 huge red flags to look out for in your business.  Are there other red flags? Yeh of course!!  No doubt every day your business is screaming some form of information to you and we always have to ensure that we are slowing down, listening, and not ignoring something minor (or major) that could threaten everything we have sacrificed to build.  The red flags we go through in this pod are:  -you are not making money and it’s been like this for a while  -you can’t pay your bills on time  -you are consistently putting your own money in OR you have taken out an additional loan  -you are working 60-80 hours per week + there is no end in sight  -you are working with the wrong people  So what’s the morale of the story?  Look after yourselves out there. Make sure you have someone you can talk to about the hard stuff. Look after your mental health. Slow down and ask yourself if what you are doing is working. Stop and check to see if the key metrics are good. They say everything happens for a reason, and while this may be true, sometimes it’s can be a bit of a cop out.  If you can avoid going through something awful, you really should try your best to avoid going through something awful.  Make money. Build wealth. BE KIND. Be kind to yourselves. You are a person too.  Much love xx  Summary In this episode, Sparky Coach discusses the five major red flags in business that can lead to failure if not addressed. From not making money to working with the wrong people, learn how to identify and turn around your business before it's too late. Keywords business red flags, business growth, financial management, business success, Sparky Coach Key Topics Red flags in business Financial management and profitability Workforce and client relationships Titles 5 Red Flags That Could Destroy Your Business How to Recognize and Fix Business Failures Sound Bites "You're not paying your bills on time, red flag" "You're working with the wrong people" "Make money, build wealth, be kind" Chapters 00:00 Celebrating 300 Episodes and Business Realities 02:49 Identifying Red Flags in Business 06:11 Financial Awareness and Profitability 08:58 Managing Cash Flow and Liabilities 11:53 Work-Life Balance and Burnout 14:44 The Importance of Team and Relationships 18:03 Taking Responsibility and Making Changes

    24 min

  5. 9 MAY

    #299 // Sunday Skool “Purchase Orders” (Part Two)

    Today Cam shows us a bit more depth look how to use, create + optimise purchase orders within your business.  This is part 2 so be sure to check part 1 (pod #291) if you haven’t already.  In this session we dive into:  -what the main types of purchases are relating to business -what purchase orders are and how they are generated -how to integrate purchase orders with your job management system -the importance of purchase orders to save time, allocate material correctly, create accountability + increase profitability Much love and enjoy the podcast x  Summary This session explores the importance of purchase orders (POs) in business operations, highlighting how they enhance accountability, organization, and profitability. Learn practical tips on implementing POs across various purchasing scenarios to streamline your business processes. Keywords purchase orders, business efficiency, procurement, accounting, job management software, operational expenses, contractor management, business organization, profitability, admin efficiency Key Topics Benefits of purchase orders in business How to generate and use POs for different purchases Integrating POs with job management software Common mistakes in PO management and how to avoid them The role of POs in financial accuracy and accountability Titles Mastering Purchase Orders: The Key to Business Profitability How Purchase Orders Can Transform Your Business Operations Sound Bites "Without POs, costs can easily be missed" "POs reduce admin and protect profitability" "Control who can raise and approve POs" Chapters 00:00 Introduction to Purchase Orders 04:37 Understanding Purchase Orders and Their Importance 12:34 Practical Applications of Purchase Orders 19:11 Integrating Purchase Orders with Job Management Software 24:55 Conclusion and Call to Action Resources Xero Accounting Software - https://www.xero.com/ Simpro Job Management Software - https://www.simprogroup.com/ Fergus Job Management System - https://fergus.com/

    27 min

  6. 5 MAY

    #298 // The Lounge ft Heath Knight from Hspark Electrical

    Today Greg Crowe gets Heath Knight from Hspark Electrical on the lounge in the most PG way possible.  We discuss workload, being quiet, the seasons of business, losing staff, gaining staff, the trade gods having a master plan, the importance of networking, plus much more.  Always a good time having Heath on the pod so sit back, relax and get propelled into your tirade god ordained destiny of making money, building wealth + being kind.  Much love xx. Insights from Heath Knight and Sparky Coach Group  Dive into an engaging conversation between Heath Knight and Sparky Coach Group about navigating fluctuating business seasons, the importance of mental health, and building strong industry networks. Whether you're transitioning from site work to office management or looking to scale your electrical business, this episode offers practical insights and reflective wisdom. Main Topics Covered: How to manage business lows and learn from quiet periodsThe impact of social media on networking and hiringBalancing work, mental health, and personal growth in tradesImportance of structured workflows and back-end organizationLong-term mindset: embracing mistakes and holistic success In this episode: Heath shares his recent experience with industry product development and the importance of consistent brandingThe crew discusses transitioning from tools to office roles and the emotional challenges involvedStrategies for maintaining productivity and mental health during slow seasonsThe role of social media in attracting industry contacts and future employeesPractical tips for planning your workday and setting boundaries for work-life balanceHeath reflects on personal growth, the importance of trust in the process, and future business visions Timestamps: 00:00 - Introduction: Heath Knight and Sparky Coach Group chat about business evolution 02:07 - Industry insights: clip series and product development trends 03:52 - Managing slower business periods and staying motivated 04:44 - Lessons learned from transition periods in staffing 05:49 - Recognizing pricing and market positioning changes 07:06 - Building and replacing trades personnel efficiently 09:04 - Handling unexpected business challenges like project cancellations 10:43 - The importance of social media for networking and recruitment 13:17 - Impact of social posts on business contacts 14:37 - Finding new clients through everyday interactions 16:49 - Transitioning from site work to office management: challenges and solutions 18:44 - The power of repetition and skill mastery in management roles 19:36 - Balancing mental health and productivity in a new role 22:23 - Structuring your workday for success and boundary setting 24:41 - The importance of time management and prioritization 27:11 - Maintaining fitness and mental health amidst busy schedules 30:43 - Heath's future business vision and personal growth focus 36:49 - Final reflections: trusting the process and backing yourself 37:34 - The holistic view: mistakes as stepping stones for long-term success Note: The episode emphasizes the importance of mental resilience, disciplined organization, and long-term strategic thinking in building a sustainable trade business.

    41 min

  7. 4 MAY

    Ep #297 // The Crowe Show “Getting Back On Track + Staying Focused Via The Mid Year Reset"

    In this episode of “The Crowe Show” Greg Crowe takes us through the mid year reset.  And while technically it’s May (ie not mid year), it’s amazing how much you need to check in with yourself (and your business) to make sure that you are still on track and that the wheels haven’t completely fallen off the wagon.  As the French writer Antoine de Saint-Exupery says “a dream without a plan is just a wish”.  So what do we dream about? That do you dream about? What are our goals? What are your goals? What should your goals be?  I always like to start at the high level, which is “make money, build wealth, be kind”. The next stage is to “generate revenue, drive profits + control your time”.  The granular stage is to work out where your focus points are. What season are you in? Are you needing to generate revenue? Drive profits? Or set some time boundaries on tasks, business events + your work hours?   This is why every week at Sparky Coach we close the week, and every month we close the month.  It is in mastering the mundane where we work out where our focus and focus points should be.  Sometimes you need to slow down to speed up.  Enjoy the pod xx  Summary In this episode, Greg Crowe discusses the importance of mid-year reset, goal setting, and strategic planning for business and personal growth. He emphasizes slowing down to speed up, recognizing seasons of life, and aligning actions with true desires to build wealth and maintain relationships. Keywords business reset, goal setting, wealth building, personal development, time management, business strategy, season of life, financial goals, personal growth, productivity Key Topics Mid-year reset importance Goal setting and revisiting goals Recognizing seasons of life and business The importance of slowing down to speed up Aligning actions with true desires for wealth and relationships Titles The Mid-Year Reset: How to Reclaim Your Business and Life Slow Down to Speed Up: The Power of Strategic Reset Sound Bites "A dream without a plan is just a wish." "Seed, time and harvest." "Slow down to speed up." Chapters 00:00 Mid-Year Reset: A Time for Reflection 05:02 Setting Goals and Building Wealth 09:51 Understanding Seasons of Business 14:52 The Importance of Slowing Down 20:07 Closing the Week: A Key to Success 24:57 Taking Action: From Dreams to Reality

    30 min

  8. 2 MAY

    Ep #296 // Sunday Skool “Getting Your Back End Organised With All The Suppliers”

    On todays Sunday Skool Cam takes us through how to ensure all your wholesalers, suppliers + catalogues are integrated so maximum office productivity.  We all know the money is made or lost in the office so let’s get that back end dialled!  The session includes, but is not limited to:  -exporting supplier list from Xero -building out a simple spreadsheet to track (type of supplier, the account type, how often used, is it credit or cash account, does a credit account need to be setup, does the credit limit need to be increased, online portal username and password etc)  -assess and be clear on who you are using and why  Get after it + enjoy the pod x  Summary This episode focuses on how to organize and optimize your supplier management to save time, reduce costs, and improve relationships. Learn practical steps to analyze your supplier list, streamline accounts, and enhance your business operations. Keywords supplier management, business organization, cost savings, account management, business efficiency Key Topics Supplier organization and management Analyzing and consolidating supplier accounts Improving supplier relationships and communication Titles Mastering Supplier Management: 10 Steps to Save Time and Money The Ultimate Guide to Organizing Your Business Suppliers  Sound bites "Assess your supplier credit limits and usage" "Archive or delete unused suppliers" "Organize your supplier portals for efficiency" Chapters 00:00 Getting Organized with Suppliers 09:12 Analyzing Supplier Relationships 19:06 Streamlining Administration Tasks

    27 min
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Ratings & Reviews

4.4
out of 5
8 Ratings

About

🥇Make money. Build wealth. Be kind. 💰A market wage with a business net profit of 20-35% 📈Increase your net worth 🙏🏻Become the best version of yourself

Information

  • Creator
    Sparky Coach
  • Years Active
    2023 - 2026
  • Episodes
    304
  • Rating
    Explicit
  • Copyright
    © Sparky Coach
  • Show Website
    Sparky Coach

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