The Locksmith Journal Jan/Feb 2020 - Issue 66 | Page 65

LOCKSMITH SUPPORT business by not removing their dirty boots when coming into the house. Every little thing counts towards whether you will make a sale or not. Try to be friendly but not over-friendly. Practise very low-pressure ways to ask for the business. An example might be “We have some time available the week after next, would you like us to start then?” Or maybe, “It takes several days lead time to get the right boiler, do you want me to put in an order now?” You shouldn’t pressurise, but these little things may be enough to tip the customer into committing. Exploit those apps In this day and age, it is a big mistake not to be computerised. It will leave you at a competitive advantage versus those that use apps. They don’t have to spend so much time on paperwork. Marcelle Stoughton is the administrator for Fencing Services, a fast-growing trade company specialising in fences. She recommends using a system to run the company and says bluntly: “To be profitable, you must be as efficient as possible.” I’m hardly impartial as the CEO of an app provider but I am genuinely certain that the benefits far outweigh the costs of using a system. On average, our customers save over 4 hours per week doing paperwork. Running your business on a system can lay the foundation for rapid growth. In fact, my company, Powered Now, has recently finished giving presentations to installers all over the country. This was as part of the Vaillant Business Clinic seminar series. We have presented to hundreds of installers and when we have asked who uses some software to help run their businesses, around half have put their hands up. When we have asked who wants to ditch their software and go back to manually producing paperwork there have never been any takers. The new generation of trade specific apps are much easier to use than traditional PC programs. They can also be used on-site on smartphones and tablets. There are many advantages. These include faster and better quotes. As well as this, you can virtually eliminate paperwork with everything, including all gas certificates, stored in one place with no re-keying. It makes things easy to find and saves loads of time. In the trade more than anywhere else, time is money. Be efficient Inefficiency can come from unmotivated people, wasted time and wasted materials. Firstly, you need to get the best from your staff. To achieve this, here are a few pointers: • Take care in recruitment. Look at their record. Bad employees tend to have lots of short-term jobs. In contrast, promotions and long service usually indicate good employees • Talk to people. “Nobody asked me” and “Nobody told me” are always the biggest complaints in business • Keep people motivated. Praise in public and only ever criticise in private. For any special requests like family bereavements, say “yes” whenever you can. It all builds loyalty The second thing is to spend time planning each job. Having the right people, with the right materials, at the job at the right time maximises efficiency. If you contact the client well in advance saying when you are likely to attend, you can avoid clashing with their holidays or social events when they may be unhappy to have you in the house. Manage your money You must charge enough to make a decent profit and charging too little is the biggest single mistake installers can make. Of course, you shouldn’t overcharge for poor work, but when a job is well done, you deserve the reward. If you never hear that you are too expensive and you don’t sometimes lose on price, then your prices are too low. The Dacia Sanderos is the cheapest UK new car. But the roads aren’t full on them because most people buy on more than price. Watch your cash like a hawk as running out of cash means you are dead. The most frustrating thing is if you run out of cash because you are growing fast and have too much working capital tied up in projects. The other things to watch are the need to set money aside each month for your VAT bill and annual tax bill. The bottom line The ideas here are not unique and they are certainly not complicated. The problem isn’t coming up with them, it’s actually actioning them. Good luck with that! Benjamin Dyer is the CEO of Powered Now. Powered Now aims to take the pain out of admin and paperwork for electricians, gas engineers and many other trades. www.powerednow.com JAN/FEB 2020 Magazine Sponsor Issue Takeover locksmithjournal.co.uk 65