Latest News & Updates
Increase your profits with seven tips
In this weeks podcast episode, I'm going to share with you seven tips that will help you increase the profits in your business. The first thing is absolutely critical and that's having a good positive relationship with profit. Are you looking for ways to increase the...
Why your business must make a profit
What is your why for having your own business, whatever that, there are reasons Why your business must make a profit. Making profit must be at the top of your business goals, ignore that at your peril. Firstly, I am going to tell you why making profit is vital for...
Best timing for businesses borrowing money
When should your business borrow money? And yes, there will be times when it's good for your business to borrow. There will be times when it should be avoided. Planning, attitude, risk, and cost. These are the four things you need to consider when borrowing money for...
The mistakes in borrowing money
Are you looking for a new loan, and want to avoid The mistakes in borrowing money? Above all, do you want to know how to avoid those pitfalls? Just follow these four simple steps and you'll be on your way to avoiding those common mistakes when borrowing money for your...
When to pay off your business debt
You might be wondering, Should you pay off your business debt early. I have a few thoughts on when to pay off debt, but first let us talk about the four factors that come into play. There are four factors I want to share with you in this weekly episode of I Hate...
Should you pay off your Bounce Back Loan?
You are here because you want to know Should you pay off your Bounce Back Loan . Many of you would have already received some notices from your bank advising you that your Bounce Back Loans are coming up for repayment. A key question is should you pay them back now?...
What saves you the most tax?
There are many different business structures available, but What saves you the most tax?. Sole traders, partnerships, limited companies and more. Which one is best for your situation? In this episode of I Hate Numbers I'm going to look at What saves you the most tax?...
Choosing your business structure to save tax
Sole trader or limited company and Choosing your business structure to save tax ? Previously I talked about the differences between a sole trader and limited company. What you need to consider when deciding what business structure, you should adopt. You cannot make...
Which type of company is right for you?
Do you want to start your own business? Don’t know How to decide which type of company is right for you? There are two types of companies that you can choose from when starting a business. Sole traders and limited companies. Both have their pros and cons. Understand...
Sole trader or a company?
Should you be a sole trader or a company? You might think it is just about the name, but there are many other things to look at when considering whether you Should you be a sole trader or a company?. The choice will impact on many areas of your business, for example...
Choosing the right pricing strategy
Choosing the right pricing strategy and knowing what is right for your business is one of the most important questions and decisions you will face. Setting the right price for your product is an important part of running a successful business. It's not just about how...
Operational gearing & business
How operational gearing affects your business Do you know How operational gearing affects your business? In a nutshell it shows much risk you have, and affects your survival, growth, and prosperity. What is operational gearing? Firstly, let us talk terms. Operational...
What is your tax and status situation
Are you a self-employed individual, a freelancer or employer? Have you ever wondered what your tax and status situation is with your company? If so, this podcast is for you. Whether you are classed as self-employed or a worker has a major bearing on tax. Most...
New Capital Gains rules UK property
This blog and video looks at New Capital Gains rules for UK property, and how they affect you. Death and taxes, the two certainties in life, we can’t plan and control the first event, taxes are a different story. If you are a UK resident or non UK resident thus...
The Effects of the 2021 Budget on Your Business
How the 2021 Budget affects your business. Whether you are self-employed or running a company, there is something in here that will help answer your questions. Listen to find out more! Rishi Sunak, the Chancellor has spoken and presented his 2021 Budget. I know it can...
How you should price your products
This weeks blog and video continues with pricing, moreover How you should price your products, and how to calculate your product prices . In addition you need to know this when developing pricing strategies for your business. Our video goes through this So, if your...
How to calculate your pricing rates
How you calculate your pricing rates How you calculate your pricing rates is vital for your business. Why should that be so? Firstly, it helps you achieve your goals. Secondly, it sends a message to your clients about you and your business. Above all, your pricing...
Charge for your services
How much you should charge for your services is a very common question. Spoiler alert, no one answer but we are here to help you figure it out for your business. Keeping tracking of your margin vs markup difference is a valuable way to inform how you are pricing...
Why Gross Profit is a big deal for your business
Your gross profit and business decisions There are so many needed, powerful and insightful business decisions you need to make. You can’t do that unless you know some key financial numbers. Gross profit is one of them. What sort of decisions, let’s list a...
Gross profit & your business
In this blog we are going to look at What gross profit means for your business. Your business journey map must have profit as a destination point, . If your destination is set for sales alone, then change your route or abandon your journey, it’ll end in tears...
Why Working Capital is important for your business
Why Working Capital is important for your business is episode 52 of I Hate Numbers podcast. The podcast is part of my mission to help you get closer to your numbers, to appreciate the power of what those numbers can do. Improve your money mindset, help you make more...
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,...
How to diagnose business failure
How to diagnose business failure is episode 51 of I Hate Numbers podcast. The podcast is part of a wider mission. It's to help your business improve your money mindset, get closer to your numbers, make profit, survive, and thrive. Firstly, in last week’s episode we...
Management accounting
What is management accounting? Firstly, before we look at why your should use Management Accounting for your Business, let's understand what it is. Most importantly financial issues impact our working and personal lives. Knowing your numbers is important for all...