The trade sector is a cornerstone of Australia’s economy, encompassing professionals such as plumbers, electricians, carpenters, and builders to name a few. As of June 2024, there were approximately 2.66 million actively trading businesses in Australia, with a large proportion of these operating in the trade sector. This industry is not only vital for infrastructure development but also plays a crucial role in achieving national housing targets.

Yet the Housing Industry Association suggests Australia doesn’t have enough tradies to meet the Government’s target of achieving 1.2 million new homes in the next five years.

The HIA says the trades workforce needs to grow by at least 30 per cent to meet the Accord’s goals. That is over 83,000 additional tradies. So, it’s clear there are opportunities and challenges in the sector.

Addressing these issues (like skills shortages) is essential for maintaining profitability and efficiency in any trade business.

So, if you want to make the most of the opportunities in the sector, here are a few areas to focus on:

• Winning more jobs and standing out.
• Pricing jobs and managing cash flow.
• Compliance and safety.

No matter if you’re a plumber, electrician, carpenter, or builder, running a trade business isn’t just about doing great work – it’s about managing jobs, quoting correctly, and keeping cash flow healthy.

Useful articles for tradies

In this section, you’ll find:

• Why it’s time your tradie business went digital
• 10 marketing tips in 10 minutes for tradie businesses
• Pricing structures: Are you quoting properly?
• How to avoid burnout when you’re a one man show
• How to dodge a cash flow crisis

Helpful links for tradies

• Master Builders Australia – Training, support, and advocacy.
• Fair Work Ombudsman – Understanding award rates.
• Master Electricians – Training, advice, news, and advocacy.
• Carpentry Australia – Advice, advocacy, training.
• Master Plumbers ANZ Advocacy and training.

Ready to get started? Explore the trade business section for more tips and advice.

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