How the 2021 Budget affects your business. Whether you are self-employed or running a company, there is something in here that will help answer your questions. Listen to find out more! Rishi Sunak, the Chancellor has spoken and presented his 2021 Budget. I know it can...
How you calculate your pricing rates How you calculate your pricing rates is vital for your business. Why should that be so? Firstly, it helps you achieve your goals. Secondly, it sends a message to your clients about you and your business. Above all, your pricing...
How much you should charge for your services is a very common question. Spoiler alert, no one answer but we are here to help you figure it out for your business. Keeping tracking of your margin vs markup difference is a valuable way to inform how you are pricing...
Your gross profit and business decisions There are so many needed, powerful and insightful business decisions you need to make. You can’t do that unless you know some key financial numbers. Gross profit is one of them. What sort of decisions, let’s list a...
In this blog we are going to look at What gross profit means for your business. Your business journey map must have profit as a destination point, . If your destination is set for sales alone, then change your route or abandon your journey, it’ll end in tears...
Why Working Capital is important for your business is episode 52 of I Hate Numbers podcast. The podcast is part of my mission to help you get closer to your numbers, to appreciate the power of what those numbers can do. Improve your money mindset, help you make more...
Most importantly you need to understand the components involved with business activity and breaking even. But how do you find out what your business requires to break even? What's break even? To clarify your business breaks even when your sales cover all your costs,...
How to diagnose business failure is episode 51 of I Hate Numbers podcast. The podcast is part of a wider mission. It's to help your business improve your money mindset, get closer to your numbers, make profit, survive, and thrive. Firstly, in last week’s episode we...
What is management accounting? Firstly, before we look at why your should use Management Accounting for your Business, let's understand what it is. Most importantly financial issues impact our working and personal lives. Knowing your numbers is important for all...
Why your business may fail is episode 50 of I Hate Numbers podcast. The podcast is part of my mission to help your business improve your money mindset, get closer to your numbers, make profit, survive, and thrive. Firstly, the motivation behind the choice of topic. ...
What is profit? There are several important elements that make up your business story, some more important than, some less important than others. However, I think it would be safe to say that ‘profit’ is one of if not the most important element. Without profit where...
What is your profit for tax is this week’s I Hate Numbers podcast theme. Last week we looked at how you should budget for your tax bill. Firstly, your money in your bank account is not the same as your tax profit. Secondly, your accounting profit is not the same as...
How you should budget for your tax bill is this week’s podcast theme. If you are self-employed, a freelancer, run your own business then you have responsibility for your own taxes. You do not have an employer who takes care of that for you. When you are...
How information improves your business resilience follows on from last weeks blog. Organisations value information, and the quality of it. It feeds into your decision-making. However it's not just about financial transactions, it's about much more stuff in your...
How Information and Communication helps Build your Business Resilience is this weeks theme. Last week’ we looked at what Business Resilience was, and how your leadership plays a big part. Listen to find out more How information helps build your business resilience...
Why leadership is key to your business resilience is the topic of this blog. Business resilience is what you need when running your business. The businesses that share these characteristics tend to be at a large, multinational corporate level. However there are...
How to build your business resilience - Part one. That is the theme of episode 46 of I Hate Numbers. Certainly, a lot of people talk about Business Resilience. Firstly, we need to understand what Business Resilience is. Secondly, we need to know how we can improve...
What is your money mindset in your business? That’s the theme of episode 45 of I Hate Numbers. Certainly, a lot of people talk about why money mindset Is important. Firstly, we need to understand your current attitude to money. Secondly, we need to know the reasons...
So, it’s the end of another year- albeit a very strange one to say the least. With this in mind what are your business resolutions for 2021? What most of us do at the end of the year, is reflect and review that year. The whole of the U.K. will probably be glad to see...
What is VAT reverse charging and how does it work? That's the theme of episode 44 of I Hate Numbers. With the UK leaving the EU on 1st January 2021 your business needs to know. Brexit also brings a number of other changes to VAT, we've covered this in previous...
This weeks podcast episode of I hate Numbers looks at How to develop trust in business. Without trust, you have nothing. With it, you can do great things. Trust, a firm belief in the reliability, truth or ability of someone or something. Buy One Get One Free is a...
Brexit will affect the UK business landscape. In this week's podcast, I am going to take a look at your business and VAT after Brexit. Last week’s podcast episode of I Hate Numbers looked at Brexit and your business. In this week’s episode, VAT takes centre stage....
Previously we talked about Brexit and your business, this week I want to look at VAT in a post-Brexit world. Last week we spoke about Brexit. This week we're going to talk about VAT in a post Brexit world. VAT in a post-Brexit world. What does it look like? Well, in...
At the end of December 2020 the UK enters a brave new world, it seems appropriate to see how Brexit affects your business We have lots of questions about business and Brexit, some answers we know, some answers we don't. In this weeks podcast, we share some answers,...