Project Information

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March 1, 2016

Everything Screen Doors

 

Screen Door business based in Dapto, NSW. 
Increased net profit by 162% within the first year of coaching. 
Transitioned accounting software and placed a new bookkeeper. 
Shift to a digital marketing strategy to bring in new customers. 
Greater understanding of cash flow management. 

 

Everything Screen Doors & More is a home improvement business offering screen doors, among other products, to residential customers across the Illawarra. Despite their established presence in the market, they struggled with cash flow management, operational inefficiencies, and stagnant growth. In 2023, they partnered with Scott from SK Business Coaching to overcome these challenges and grow the business in a more sustainable, profitable way.

The Challenge

Situation: Everything Screen Doors & More faced a series of challenges including sluggish revenue growth, high operational costs, and poor cash flow due to the seasonal nature of their business. Additionally, their accounting processes were outdated, and their marketing efforts were reliant solely on direct mail, which limited their customer reach.
Goals: The main goals were to improve cash flow management, increase profit margins, shift to more streamlined systems, and expand marketing strategies beyond direct mail.

The Solution

Approach: At SK Business Coaching, I worked closely with Everything Screen Doors & More to develop a coaching plan tailored to their business model and seasonal challenges. This plan focused on improving financial management,
modernising their accounting systems, and transitioning to a more digital marketing strategy.

Key Actions:
o Transitioned from MYOB to Xero: Moving from a desktop MYOB setup to Xero allowed for more efficient financial management and smoother operations. This transition also led to replacing their old bookkeeper with a new admin/bookkeeper, who has been a strong addition to the team.
o Enhanced Cash Flow Management: We implemented detailed cash flow tracking to accommodate the business’s seasonal nature and worked with suppliers to extend credit terms and limits, ensuring smoother cash flow.
o Shifted from Direct Mail to Digital Marketing: We expanded their marketing efforts by moving from solely direct mail to digital marketing, including tracking conversions. This shift allowed them to discover a high rate of referrals and repeat customers, which led to further marketing optimisation.
o Debt Reduction: By improving their financial systems and focusing on profitability, we successfully paid off all ATO and Superannuation debt, putting the business on solid financial footing.

The Results

Quantitative Results:
o Revenue Growth: Increased by only 2% within the first twelve months
o Gross Profit Margin: Improved by 8% from better pricing and purchasing
o Net Profit: An outstanding increase of 162%, reflecting more efficient operations and cost management.
o Debt Paid: All ATO and Super debt cleared

Qualitative Results:
o Improved Bookkeeping and Administration: The transition to Xero and a new bookkeeper has significantly streamlined financial operations
o Greater Cash Flow Control: With extended supplier credit terms, the business is now better positioned to handle seasonal fluctuations
o Improved Marketing Insights: The shift to digital marketing has highlighted the importance of referrals and repeat customers, leading to better-targeted strategies.

The Results

Everything Screen Doors & More is now well-positioned for continued sustainable growth. Looking ahead, the focus will be on further optimising their marketing strategies and enhancing their customer retention efforts. Additionally, the business plans to expand its product range to meet customer demand, while maintaining tight control over financial and operational efficiency.

Client Testimonial

“Scott’s coaching has been a game-changer for us. From switching our bookkeeping system to helping us better manage cash flow, he’s guided us through every step. Our profits are up, our debt is gone, and we’re finally able to focus on growing the business without constantly worrying about cash flow. The switch to digital marketing has opened new doors, and the results speak for themselves. Couldn’t have done it without him!”

– Michael, Owner of Everything Screen Doors & More –

Ready to elevate your business and achieve similar results? Contact Scott today at SK Business Coaching to hear how I can help your trades-based business reach its full potential.