Avoidable mistakes on your tax return is this weeks topic, It's tax season, and the stress of preparing your return can feel overwhelming. But don't worry - I Hate Numbers is here to help! On this week's podcast, I'm talking about Avoidable mistakes on...
Are you looking for some help with Tax and Business Financial Planning? It can be intimidating to figure out on your own, don't struggle alone. My I Hate Numbers podcast is here to make it easier for you. When building a business financial plan,...
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...
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...
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...
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...
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...
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...
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...
Explaining gross profit is my mission this week. Gross profit is the amount of money you make after subtracting the cost of goods sold from your total revenue. This number tells you how much money is left over after you've covered the costs associated...
Explaining operating profit is this weeks I hate Numbers podcast. Operating profit is a performance measure that tells you how much money your business earned from its core operations. It's a figure that business often overlook when it comes to...
Risk is a natural part of business life; using operational gearing measures one of those risks. Sorry to throw in a bit of jargon there at the start, my jargon buster ray gun is there at the ready. Have you ever wondered what operational gearing...
If you want to stay afloat in your business, understand break even and how it can help. Every industry needs this key number for different reasons but regardless of what kind of company or size you are you should have a grasp on these fundamentals!...
A recession is a difficult time for any business, so knowing How your business deals with a recession is a vital part of your toolkit, It may be that your customers may have less money to spend, you may have to let staff go, and your bottom line may be...
Are you a business owner looking to make the switch to cash basis accounting? The transition can be daunting, but it's worth it if you want to make the most of your profits. In this podcast I'll take a look at how traditional accounting compares to...
Self-employed tax returns can be daunting, but they don't have to be! This weeks I Hate Numbers podcast takes you through how to fill in your self-employed tax return for the year 21-22. I'll explain everything you need to know, so you can be confident...
How to complete your self-assessment return 21-22 Why do you need to know How to complete your self-assessment return 21-22 ? Well, are you self-employed or run a small business? If so, you'll need to submit a tax return to HMRC for the financial year 21-22....
Making business decisions in uncertain times can be difficult. There are a lot of things to consider and it can be hard to know what the right thing to do is. However, by taking a few things into account, you can make decisions that will help your...
If you're a business owner, then you know that the cost of doing business is always on your mind. But what do you do when that cost suddenly skyrockets? Whether it's an increase in rent, wages, or material costs, a sudden spike can be disastrous for your...
Customer lifetime value and segmentation is this week's episode of the I Hate Numbers podcast. Last week I kicked off with part one I will be continuing from part one my exploration of customer lifetime value by looking at Firstly CLV and net CLV...
Numbers gives you business superpowers, you should be Using customer lifetime value as one of those numbers. In this podcast I will Firstly, break down what CLV is Secondly, how you can go about calculating it for your own business. Lastly, why it's...
So, what is the impact of VAT registration on your business. That is what I am looking at in podcast episode 127 of I Hate Numbers. There will be changes, and in the words of Charles F. Kettering “People are very open-minded about new things, as long...
Why should you use ratios to make financial judgements? Well, are you curious how well your business is doing financially? Or maybe you're looking to acquire or invest in a business and want to know what to look for? Ratios are a great way to judge a...
There's no doubt that Using financial ratios in business are one of the most important tools that business owners have in their toolkit. By using financial ratios, you can get a better understanding of how your business is performing, and make...