Dial a Bin, Get a Raise

Hi Scott,

I have recently become a Barefoot member and have changed so much of what I was doing with my money. Thanks very much! But I have a question for you: I am a small business owner of a skip bin hire company in Melbourne (Unlimited Bins) and, as I cannot go to my boss and ask for a pay rise, what can I do to get ahead?

Troy

Hi Troy,

Make each Friday afternoons a ‘Financial Friday’. First, look at your sales for the last week and make a stretch goal to beat it next week. Then, do one thing that will bring in more bucks before you clock off for the week (advertising? Chasing up a lead? Getting a testimonial?). Second, look at your expenses for the last week. Then, look at one expense and try and eliminate it, or at least minimize it, again before you clock off for the week. Financial Fridays are a bit like putting a Fitbit on your arm. The ritual of focusing on your revenue and expenses each week will have a dramatic effect on your profitability.

Scott