044: Breaking the Mould with Continuous Learning with Duayne Pearce - Part 1

Profit First For Tradies

Successful businesses require continued learning and growth. However, many entrepreneurs get stuck in ineffective, outdated practices taught or influenced by previous mentors.

In this episode of Profit First For Tradies, Duayne Pearce shares his journey on how he broke the mould and transformed his business by acquiring expert help and investing in continued learning.

Quiescence kills potential, so it’s essential to be willing to shake things up with the way you run your business, particularly on practices that are no longer working. It’s also crucial to hire the right people to fill gaps, especially in areas you’re not skilled in.

In this episode of Profit First for Tradies, you’ll learn about:

• Duayne’s initial realisations in managing a business and getting the help you need (02:19)
• Duayne’s first foray into the carpentry business and what issues he encountered (06:32)
• Why keeping the money you earn — not just making it — is more valuable in business (10:10)
• Why it’s essential to break the mould and invest in continued learning (13:22)

The Profit First system is a game changer that will provide you with a sound structure for effectively managing your finances and developing good financial habits. With the right mindset shift, continuing business education, and expert help at your fingertips, you can watch your business grow and continuously take it to the next level.

Quotes:

“It's the key in any successful business. I think you need to spend some time figuring out what you're good at, what you're not good at. And then employing people around you.” - Duayne Pearce

“Making money is the easy part. Plenty of people can make plenty of money. It's the keeping it that is the key.” - Katie Crismale-Marshall

“If you don't invest in yourself and your business, it's not going to work.” - Katie Crismale-Marshall

“It's about breaking things down into small tasks rather than trying to reach for the end goal. Just start.” - Duayne Pearce

“We can't run our businesses how they run their businesses, even five years ago, 10, 20 years ago. We have to change and we have to progress.” - Katie Crismale-Marshall

CONNECT WITH DUAYNE PEARCE

• Website: https://www.dpearceconstructions.com.au/
• Facebook: https://www.facebook.com/DPearceConstructions/
• Instagram: https://www.instagram.com/dpearceconstructions/
• Youtube: https://www.youtube.com/c/DuaynePearce
• Podcast: Level Up with Duayne Pearce

CONNECT WITH KATIE CRISMALE-MARSHALL

• Email: [e-mail]
• Website: https://www.profitfirstfortradies.com.au/
• YouTube:https://www.youtube.com/@profitfirstfortradies9503/featured
• Facebook: https://www.facebook.com/ProfitFirstforTradies/