Latest News & Updates
Self employment is a risky business
Most importantly, self employment is a risky business, but what in life is risk free ? Certainly, a great number of individuals dream and think about being self-employed, your own boss, your own path. Many do make that move from dream to action, for most this proves...
The Risks of Self-Employment
Being your own boss has a good ring to it, but there are Risks of self-employment. Making that transition to being self-employed is what millions dream about. It's filled with excitement, nerves, and a whole host of other emotions. I still remember clearly making that...
Three tips for your business growth
Three tips for your business growth Firstly, in this weeks blog we're giving you Three tips for your business growth. More specifically we are going talking about MCP. Secondly, whatever your outlook for your business future, you cannot afford to stand still and be...
The MCP approach to business growth
The MCP approach to business growth is a great philosophy. What's your business future look like, good, bad or is the jury out? Whatever your outlook, you cannot afford to stand and be swept away by inaction. In this episode of ‘I Hate Numbers’ I talk about looking...
Tax & your self-employed business
Tax, you can't avoid it. If you are a business owner tax and your self-employed business is something you consider. If you don't take tax into account, 'bites and arses' will figure somewhere. Today's blog will talk about the tax and your self employed business. In...
Tax and Your Self-Employed Business: Sole Trader or Limited Company?
About this episode Tax is not always convenient, but it is part of running a self-employed business. The structure we choose can affect how much tax we pay, when we pay it, how we take money from the business, and how much flexibility we have for future planning. In...
Limited company vs sole trader
Above all, when setting up a business one of the first considerations you will have to make is whether to operate as a Limited company vs sole trader. At its core, what this means is the distinction between you and your business. To clarify, a limited company...
Choosing your best Business Structure
When setting up a business one of the first considerations you will have to make is Choosing your best Business Structure. The common options are whether to operate as a limited company, a sole trader, partnership, or a charity! In this episode of ‘I Hate Numbers’ I...
Thrive in a pandemic
These are tricky times indeed. Although some businesses and sectors are thriving during the coronavirus pandemic, many small businesses and SMEs will be finding operating during the cornavirus pandemic very difficult, with cash being strapped, clients stopping work,...
Budgets are your business financial story
Budgets are your business financial story. Budgets convert your business story and action plan into financial terms. Check out my previous podcast which talks about why your business plan is a smart way to map out your future story. Budgets is this weeks episode of...
Working from home
Nearly half of the UK workforce are now working from home, and for many, it’s a new experience. Far from being an opportunity to relax in front of the television and send a few emails, it actually brings its own challenges. The ongoing coronavirus pandemic and social...
Planning your business journey
“If you fail to plan, you are planning to fail” - Benjamin Franklin. That saying applies perfectly to business planning, or as I like to see it, planning your business journey. In this episode of ‘I Hate Numbers’ I am going to be talking about Planning your Business...
Businesses & Covid-19
Lessons from businesses booming in Covid-19 is the topic of our blog today. So, you’ve heard it been said a thousand times, but these really are unprecedented times. Businesses are going bust, organisations are requiring support, workers are being furloughed, and the...
Migration to cloud accounting
In this podcast I talk about the steps required in regards to migration to cloud accounting. Last week’s episode talked about how cloud accounting connects you more easily to your numbers. Likewise helping navigate your business present and future with ease. “There is...
Your business numbers
Firstly, what's your view of your business numbers - Friend or foe? Secondly, if you are in business, how do you think of your numbers, with love, with dislike, or somewhere In between? That is what we are going to look at in this blog. . If you think that money is...
Recording and capturing your numbers
Recording and capturing your numbers is a must do if you want to take your business seriously. Last week’s podcast looked at the how bookkeeping gives life to your financial and business activities – and helps you make money. In this episode of ‘I Hate Numbers’ I am...
Coronavirus furlough grant claim
The first Coronavirus furlough grant claim portal went live on Monday 20 April 2020. What does that mean for your business. Well, it means that if you have furloughed staff, you can claim that much needed grant money. We have submitted Furlough claims for all our...
Bookkeeping: Your business words
Today’s episode of I Hate Numbers is about Bookkeeping: Your business words. Travel back to Ancient Mesopotamia, Babylon, Assyria & Sumeria and you will see they have got their bookkeeping & accounting sorted. Documents from ancient Mesopotamia show lists of...
Coronavirus employer grant claim
The first Coronavirus employer grant claim portal went live on Monday 20 April 2020. This has been updated as of 31-Oct-2020 to reflect the fact that the November 2020 Furlough scheme will be in line with this. We've updated this article to reflect the new scheme. ...
Break-Even Point Explained: The Business Milestone Before Profit
The break-even point is the financial milestone your business reaches when sales cover all costs, with no profit and no loss. Before we can build stronger profit, we need to know the sales level that keeps the business standing still. Understanding break-even helps...
Your business cash story
Firstly, your business cash story is a big deal. Secondly, it’s a big deal for business continuity, survival, and growth. This requires cash. Profits are what it’s ultimately about, but cash makes sure you get to do it. Sales are vanity, profits are sanity, cash is...
Knowing your costs makes you money
Welcome to today’s episode of I Hate Numbers. Knowing your costs makes you money, a statement of the obvious perhaps. Certainly with statements of the obvious we sometimes forget business basics. In this podcast episode I am going to take a real cool way to look at...
Calm amid the business storm
Today's blog is about how to achieve calm amid the business storm. The business storm is due to the current Covid 19 situation, it could be something else. Firstly although it's worrying uncertain times at the moment, however like with all bad situations there will...
What Is Profit? Gross Profit and Net Profit Explained
About this episode What is profit, and why does it matter beyond sales? Sales can feel exciting. A new customer, a paid invoice, or a busy week can make a business look healthy from the outside. However, sales alone do not tell the full story. We look at profit in...
Furloughing and Covid 19 money
This article on Furloughing and COVID 19 money was updated on 31-Oct-2020. Most importantly, furloughing is there to help those employers maintain a workforce. So, let's kick off with the meaning of furlough. A furlough is a temporary leave of employees due to...
Creating your cash future
Creating your cash future, the theme of today’s episode of I Hate Numbers. Firstly when you are in the eye of a financial storm what’s the one major thing that’s going to get your business through it? That one thing, that protection, comfort blanket, and financial...
Covid 19 financial support update
Covid 19 financial support update, above all it's vital to know if you run a business, whatever shape or form that is. Most importantly, look at your numbers. Certainly numbers are your business best friend; they won’t lie to you. Do your cash flow first, this will...
The language of accounting
Welcome to today’s episode of I Hate Numbers, talking about The language of accounting. Today we’re going to have a peek at some of the language that Accounts, and Finance people use. It can be an alien language if you are a stranger in the Number’s world. I am...
COVID 19 – Business cash flow
You may have escaped hearing about COVID 19, and the affect on individuals and business – if you were living on Mars. In this blog we look at COVID 19 - Business cash flow. What is clear cut is that your businesses, are in the eye of a financial shit storm. It...
Gross Profit and Net Profit
Gross and Net Profit In our last blog we looked at profit and saw that it is more Important than Sales. This week we will go one step further and look at two types of profit, Gross profit and Net Profit. These are profits you would typically encounter in your...