There are Five key stages in your Business Financial Plan. Having a clear financial plan in place is essential for any small business, arts organisation, social enterprise, or SME. Creating one can seem like a daunting task. However, when broken down...
Have you ever wondered Why budgeting is important? Well, I am going to tell you Why budgeting is important, moreover 8 reasons! It's no surprise that budgeting is often seen as a daunting task. If you're in the business of making money, taking time out to do an...
Are you running a small business, social enterprise or arts organisation but aren’t sure if budgeting really matters? Well, it absolutely does! In this weeks I Hate Numbers podcast I discuss the importance of budgeting and show you why it should...
How much should I charge for my time is question I am often asked. A great question by the way If you're like most small business owners and entrepreneurs, you're always looking for ways to earn more money. But how do you know what to charge for your time and...
What should you charge for your services? It's a question that many small business owners, artists, and social enterprises grapple with. Charging too much can mean you're shutting yourself off from potential clients, while charging too...
Have you heard of cost plus pricing? Furthermore, do you know how to price your services and products? It can be tricky, especially when you're new to the game. One pricing method that can help is cost-plus pricing. In this post, we'll take a look at what cost-plus...
Many businesses use cost based pricing, or cost plus pricing but what is it? How does it work, what are its advantages and disadvantages When it comes to pricing your goods or services, there are a few popular strategies that business owners...
The benefits of financial planning in business are many, but I would say that, wouldn't I. If you're like most small business owners, you probably don't think of financial planning as one of your top priorities. But did you know that financial planning is one of the...
It's no secret that I know that financial planning is wonderful. Successful businesses require effective financial planning. But did you know that there are several other benefits to financial planning as well? In this podcast I'll look at some of the...
It may seem bonkers, but I am going to give you Five reasons to ignore your numbers. It’s only fair that I balance things to give you Five reasons to take note of your numbers Here are Five reasons why you should ignore your numbers: Firstly, if you prefer to have no...
So, if you’re someone who hates numbers I have five reasons Why you should ignore your numbers. Firstly, if having no clarity or focus in your business sounds appealing to you then by all means continue to avoid looking at your numbers. Secondly, if...
One of the most important aspects of a business is understanding its business assets and liabilities. Assets are what a company owns and can use to generate income, while liabilities are amounts the company owes to others. In order for your business to be successful,...
Explaining assets and liabilities is my mission in this weeks I Hate Numbers podcast, episode 140. It’s not recommended practice, certainly mine, to operate without considering its assets and liabilities. However, what do these terms actually mean? In...
Business owners, Understanding gross profit should be on your list of need to know . Gross profit is one of the most important financial measures, this video will Firstly, explain what it is Secondly, tell you how to calculate it Thirdly, contrast mark up and margin...