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...
Understanding operating profits helps you make better and informed business decisions. If you are serious about business, then it's important to understand key financial concepts like operating profit. Small businesses, arts organisations and social enterprises can...
For many businesses, break-even is a critical milestone. It can be a make-or-break point for small businesses and signifies the point at which revenue from operations equals total costs. But what does break-even mean? And how do you achieve it? This weeks video...
As we all know, the economy is not doing so well, but I want to show you How to survive a recession and prosper There are things you can do to survive a recession and even prosper! In this blog post, I will share with you some tips on how to make it through these...
In business, it's essential to make decisions quickly and efficiently. However, Decision making when things are calm is not the same as Decision making under uncertainty. In this video, I go through the the steps you need to take to make rational decisions when...
Businesses are facing a cost of business crisis. This affects millions of business owners in the UK and around the world. Not in a good way. This is a crisis that's under reported, not widely discussed and very little financial support. However, it's something that...
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...
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...
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 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...
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...
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...
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 set SMART targets helps is this week’s vlog. Feeling overwhelmed by your business goals? SMART targets can help you break down your goal into manageable chunks that are both realistic and achievable. You'll be able to track your progress along the way and make...
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...
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...
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...
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...
Resource Analysis for your business is this weeks blog and video. You need resources for business growth and success. Furthermore it’s important to see if the current set of supplies will help or hurt your business. Resource analysis helps your business bridge a...
How to avoid undercapitalization and what it is, is this weeks video and blog. It’s when you run out of money, and the company hits a financial brick wall. This video will cover what it is, why it’s a problem, and how to avoid it. The reason why so many small...
Do you want to know how to Make your cashflow forecast with Microsoft Excel? Making your own cashflow forecast is easy with Microsoft Excel. You can use it for any business, big or small. It’s the world's leading spreadsheet and has been around since 1985. If you're...
Do you want to know How to build your cashflow forecast? You might be thinking, "I don't need one of those. I'm not going out of business!" But if you're like most people, your business is constantly changing and growing. And when it does change or grow, that's the...
Why cash is important for your business is this week's topic. In previous videos I've looked at turnover and profitability, but this time cash is in the spotlight. I will look at Why cash it is the key financial number in your business. What cash is Why cash is...
Profit should be one of your main business goals, but What is profit in business, and why is it so important? Making profits should be one of your key financial and business goals. Profit is used to build sustainability, monitor, manage, and measure your performance....