Know your numbers. Numbers are everywhere, and for the most part we just ignore them. As a result unless we're forced to pay attention to them when it comes time to do our taxes or budget for the month, numbers don’t seem interesting. Except they are if you become...
Business performance articles
How to judge your financial performance
Knowing how to judge your financial performance can be tricky. Many factors come into play, and it's not always easy to know where you stand. In the words of Dietrich Bonhoeffer, “Action springs not from thought, but from a readiness for responsibility.” However, by...
How to Improve being Financially Accountable
Are you finding it difficult to stay Financially Accountable? You’re not sure where to start, or you feel like you're constantly falling behind. Don't worry, you're not alone! Improving your financial accountability is a process that takes time and effort. Don’t...
How to be successful
Who doesn’t want to know How to be successful? Most people think that in order to be successful in business, you need to be intelligent, have a lot of money, or know the right people. While these certainly don't hurt, there are other factors that are just as important...
Procrastination and Financial Planning – Video
Procrastination is a huge issue when it comes to business, and especially when it comes to writing your business financial plan. But that's okay! I'm here to help you through it. In this video, we talked about the different ways people procrastinate when it comes to...
Dealing with Procrastination to Get Things Done
We all know what it feels like to put things off until the last minute. Maybe you've left important tasks for the end of the day, telling yourself you'll work on them when you have more time. But inevitably, that time never comes. You might feel like you're stuck in a...
Taking a Balanced Scorecard Approach
As a business owner, you're always looking for ways to improve your operations and grow your company. One tool that can help you do this is the Balanced Scorecard. This approach can help you track your progress and ensure that all areas of your business are performing...
How to create your performance management system
Wondering how to create a performance management system for your business? You're in the right place! In this video, I'll be talking to you about the five steps you need to take. Those steps are Firstly, Identifying your Critical Success Factors Secondly setting your...
How to develop and use a risk register
How to develop and use a risk register is this weeks topic on I Hate Numbers. Are you a business owner or entrepreneur who is looking for ways to protect yourself and your business? If so, then you need to know about risk registers. A risk register is a tool that...
How to manage your Business Risk
No matter what kind of business you run, you need to know How to manage your Business Risk. Running your business will always have some inherent risk involved. There's no way to completely eliminate the risk, but by understanding and managing it, you can minimise its...
Tips on using your Financial Plan
Four tips to using your Financial Plan is this weeks topic on I Hate Numbers. Creating and following a financial plan, your financial story is an important step to taking control of your finances. In this vlog, I'll share four tips on how to effectively use your...
Changing your Money Mindset
You've probably heard the saying, "Money can't buy happiness." And while it's true that having money doesn't guarantee a good life, it's also true that not having money can make life pretty difficult. So how do you manage your finances and live a good life? The answer...
Why kindness is good for your business
We all know that being kind is good for our personal well being. But did you know that kindness can also be good for business? That’s right – being kind at work can lead to increased productivity, lower turnover rates, and a host of other benefits for your company....
Setting the right business targets
Setting the right business targets can seem daunting, but it need not be. This vlog will help you to choose the right targets for your business, and provides tips on how to reach them. So, whether you're just starting out, or looking to take your business to the next...
How to Achieve Business Success
Feeling like you're not achieving success in your business? You're not alone. Most people feel this way at some point in their lives. But don't worry, I can help. I will share with you some tips and examples of how you can achieve success. Once you've learned what...
Makinging business partnerships work
Making your business partnership work can be one of the greatest pleasures of having your own business. With that in mind, if you’re planning to start a business venture with a friend, family member or associate as your business partner read on. Don’t assume...
Tips for effective business partnerships
Tips for effective business partnerships is this weeks vlog. Making your business partnership work can be daunting if you have never had a partnership. There are many things to consider, especially if you intend to start a partnership with a friend or a family...
How to spot and fix overtrading
Have you ever wondered how to spot and fix overtrading? If so, then this video is for you. Over the next few minutes, I'm going to show you how to spot and fix overtrading in your business. So, let's get started! Are you looking to grow your business? If so, then it's...
Financial Statements explained
Financial Statements explained is this weeks video, understanding them is a big deal. Above all the financial statements form the bedrock of any company. Therefore understanding them and how they work gives you insight and clarity. In this video I'll talk you through...
Pricing using Target Costing
Pricing using Target Costing is this weeks video-blog theme. Costs are reduced by as much as 25% to 30% under target costing, compared to traditional cost plus pricing. Above all your focus is on understanding and knowing your market conditions from day one. This...
Why cash is your financial business priority
Cash is your financial priority, which is this weeks I Hate Numbers podcast. In previous weeks turnover and profits have been in the spotlight, this time Cash is taking centre stage. In this podcast I'm going to look at What cash is Why Cash is your financial...
What turnover means in your business
My question to answer today is What turnover means in business. It doesn’t help you that there are different terms for turnover, for example revenue, sales, and takings. In this short blog-vlog I will Tell you what turnover is How to calculate it Why turnover is...
Difference between cash & profit?
Do you know What is the difference between cash and profit ? The majority of the time, people think that businesses only need to be profitable for them to last. But even the most profitable businesses go under, and often for a single reason. It’s because the people...
What is break even to your business?
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,...