How can you manage and reduce business costs effectively? By developing a cost reduction framework to foster financial awareness, increase profitability and make more informed decisions in your business journey. Listen in to dive deeper. Implementing an...
Why do businesses often neglect to review and monitor activities? In this episode, we find out why and the detrimental effects it can have on their success. By understanding these reasons and taking action, you can avoid missed opportunities,...
In this episode of the I Hate Numbers podcast, we explore how planning can transform your business's future. Discover how planning reduces anxiety, empowers decision-making, and boosts profitability. Why Business Owners Overlook Planning Many...
Are you thinking of starting or running a Community Interest Company (CIC)? In this episode, we'll delve into the concept of Asset Lock in Community Interest Companies, and its importance, especially in the world of social enterprises. Asset Lock in Community...
Are you ready to explore the incredible world of Social Enterprises in the United Kingdom? Join us on a thrilling journey as we uncover their astonishing growth, with £60 billion contributed to the economy and over 2 million people...
Starting a business in the United Kingdom can be a daunting task, but choosing the right business structure can make a big difference. If you're considering a limited company (LLC), here are some advantages you don't want to miss: Simplified Process and...
In this episode of the "I Hate Numbers" podcast, we explore The Benefits of Operating as a Sole Trader for your business. While limited companies have their perks, operating as a sole trader can offer flexibility, autonomy, and ease of set-up. Listen to learn...
Is there a difference between tax avoidance and evasion? Does it matter? They may seem similar, but they are different concepts with different implications. In this week's I Hate Numbers podcast I look at the difference between tax avoidance and tax...
Filing taxes in the UK is a mandatory legal requirement for any individual, business or organization that meets certain criteria. While you may be tempted to put it off until the deadline, there are numerous benefits to filing your tax return early for...
KPIs for Each Responsibility Centre increases the power of Responsibility Accounting. Numbers are our best business friend, moreover, KPIs are our best buddies. Managing a business comes with many responsibilities, including Firstly, preparing...
Responsibility Accounting: A Comprehensive Guide Responsibility Accounting is a powerful management tool. It holds decision-makers accountable for financial outcomes. This article takes a further look in an easy to understand way. Let's dive into what...
Business capacity is the maximum amount of work a business can handle within a given period of time. This measure helps businesses understand their limitations and plan accordingly. For example, a bakery has a limited capacity for producing baked goods. ...
UK company directors are treated differently from other employees when it comes to National Insurance. This is because they are considered to be self-employed, even if they only work for one company. As a result, they have to pay National Insurance on...
How to avoid the dangers of rapid growth, my topic for this week's I Hate Numbers podcast. Growth is what all businesses think of. However, rapid growth and poorly managed expansion leads to challenges and headaches. In today's fast-paced and competitive...
Welcome to the latest episode of "I Hate Numbers," where we explore the strategies and Tips for achieving business success. In this episode, we discuss the importance of self-belief, a positive mindset, surrounding yourself with positive, strong,...
Is Achieving business growth on your agenda? Are you ready to take your business to the next level? Growing a business is no easy feat, but with hard work and dedication, you can make it happen. Here are some tips to help you succeed: Hard...
Understanding the Role of National Insurance in Your UK State Pension is key to making informed decisions about your financial future. National Insurance is used to calculate your State Pension and affects how much you receive. Getting the full...
Beating procrastination is a common theme in business. Procrastination is a common problem that affects many businesses, but it doesn't have to be a bad thing. In this week's podcast, I look at Firstly, what procrastination is Secondly why it happens...
Sales turnover, or simply turnover is misunderstood, with differing opinions on its usefulness in measuring financial success. Turnover is more than a vanity metric, it provides valuable insight into the performance and health of a company. When looking...
When should you investigate variances is a massive part of financial management. it's also this week's I Hate Numbers podcast episode. If you're thinking, what's a variance, well that's the difference between where you expected to be financially...
Gaining Financial Controls for your business can be difficult and often rather daunting. Moreover, having the right approach and finance controls in place is essential to keep ahead of any financial issues that may arise. This week’s podcast looks at...
Achieving your targets is this week's I Hate Numbers podcast. A target is a goal that has specific criteria for success. Furthermore, reaching it means you have got where you wanted to, it’s pat on the back time. Targets are an integral part of...
As a business, you have to track and measure your performance in order to succeed. Developing Effective KPIs that work for your business (KPIs) is the way to go for all businesses. A KPI allows you determine goals, set objectives and evaluate...
Are you a business owner or manager looking for ways to measure the performance of your business? If so, then this video has all the answers you need! Watching it will teach you how to identify your business goals, choose the right metrics...