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You Don't Know Your Numbers; That's Why You're Broke | ft. Greg McElroy & Jon Fisk | Ep. 502

The Site Shed · 2026-06-09 · 44 min

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Episode notes

‍ Book a Free Strategy Call with Tradie Web Guys: More jobs, more staff, more revenue; and you're still growing broke? In Part 2 of our CrystalLIQ series, Matt sits down with Greg and John to expose why scaling without financial systems is the fastest way to destroy your trade business. Learn why your P&L is the only scoreboard that matters, how to spot the traps before they bankrupt you, and the accountability framework that separates profitable tradies from busy ones. KEY CHAPTERS 00:00 - Introduction 01:57 - Growth Traps and the Scaling Dilemma 04:42 - Case Study: High Revenue vs. High Debt 07:41 - The Foundation: Accurate P&Ls 10:48 - Financial Literacy for Business Owners 14:03 - The Profit First Business Model 17:41 - Dangers of Hands-off Bookkeeping 21:02 - Building Truth in Numbers 22:31 - Hiring and Strategic Capacity 25:21 - Employee Scorecards and Outcomes 27:54 - Accountability and the Business Entity 30:34 - Example: Managing New Inquiries 32:58 - The Reality of Rapid Growth 35:22 - Key Takeaways and Margin Focus 39:02 - Adjusting Pricing During Scaling 41:22 - Strategic Outlook and Culture 42:39 - Wrap-up and Next Episode Tease Watch the video version!

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