Meet Joe and Emily Fleming, a dynamic husband-and-wife team based west of Walgett, NSW. They operate a two-fold business, Ulah Engineering and Evolve Engineering. While Ulah Engineering has been providing engineering & fabrication services since 2014, it was in 2020 that their passion project, Evolve Engineering, took centre stage.
With Joe’s patented machinery designed to enhance sustainable farming, they sought to diversify their income sources. Joe describes 2020 as a turning point for them. They decided to expand the engineering side of their business, diversifying from farm revenue to drought-proof their income. But they needed guidance on the financial side of the business.
Enter Thrive Advice. Recommended by their local business coach and Emily’s family, they sat down for a chat with Adrian Acheson. They were immediately struck by how “genuine, personable and trustworthy” he was. “Within 5 minutes of talking to him you just knew you could trust what he was saying and that he was genuine in what he could achieve. We felt really comfortable so we jumped onboard” Joe said. With that instant connection, their partnership with Thrive Advice was formed.
Before Thrive Advice, Evolve Engineering was merely “scraping through” with very inconsistent turnover ranging from $300-$500k a year. Joe and Em were craving clarity on their goals and direction. With Adrian’s expert advice, they not only gained a clearer perspective but also developed an efficient accountability system to focus on their yearly goals and strategies to achieve them.
Their partnership with Thrive Advice grew beyond just end-of-year accounting and quarterly planning. Today, Thrive Advice handles their bookkeeping, BAS, Single Touch Payroll, and accounts reconciliation in Xero, freeing up valuable time for Joe and Em to focus on their core business.
But the benefits of working with Thrive Advice extend beyond numbers. Joe describes the advantages as organisational clarity, financial security, and more quality time for their family. Thrive Advice recommends user-friendly tools like Xero which make tracking finances a breeze. The peace of mind knowing their finances were in expert hands was priceless.
Joe and Em’s story is a testament to the exceptional service and expertise the Thrive Advice team offers. In Joe’s words, “Everyone in their office is really happy to see you and they always make you feel welcome. They are very genuine people and very good at what they do!”
“The worst thing in business is when it comes up to tax time and you don’t know if you’re meant to be spending money or saving money. With Thrive Advice you can be proactive.”
Adrian and the Thrive Advice team helped Joe and Em craft a budget for the year, aligning it with their personal short and long goals, such as sending their kids to boarding school. Their wealth generation and growth plans are tailored around their specific needs, so they know where to put their money and focus.
So, how did Thrive Advice transform their finances? The results speak volumes. From a modest $300k, their annual turnover has grown to $1.3m-$1.4m in just two years. They’ve purchased two houses, doubled their workshop size, and prepaid a 5-year lease. “The benefits are immeasurable,” Joe says.