Latest News & Updates
Defining, Achieving, and Avoiding Pitfalls of Business Success
Welcome to this week's episode of the I Hate Numbers Podcast, where we explore business success. We discuss what success means, how to achieve it, and common pitfalls to avoid. Notably, success differs for each of us; hence, defining it personally is...
4 Common Business Myths That Need to Go Away
Running a business is a challenging endeavour. It requires a lot of problem-solving and decision-making. And, it also gets much more difficult if you happen to accept some misconceptions or myths that are floating around in the business world. That's why I want to...
4 Business myths to ignore
In this week’s episode of the "I Hate Numbers" podcast, we tackle common business myths. These beliefs often mislead and hinder progress. We explore which beliefs to discard and why. What is a Belief? Firstly, let's clarify what a belief is. According to...
Depreciation – The Accounting Jargon You Need to Understand!
Are you a small business owner trying to wrap your head around the world of accounting? One term that might have you scratching your head is "depreciation." So, we're here to break it down in an easy-to-understand way. But, let’s start with the official way this...
Understanding depreciation in business
In this episode of the I Hate Numbers podcast, we explain what depreciation is and its importance in business. Albeit often misunderstood, it is crucial for accurately determining profitability. Essentially, we clarify that it is not merely a...
The Matching Concept in Accounting: The Key to Accurate Financial Reporting
Have you ever heard of the matching concept in accounting? You're not the only one if you haven't! Firstly, let me start by saying that it falls within the accounting basics. And now for the definition: The matching concept in accounting is fundamental in accrual...
Accounting Matching – expenses in same period as revenue
The "I Hate Numbers" podcast explores the accounting matching concept, also known as accrual accounting, in finance and accounting. In this episode, we explore what the matching concept is, how it applies, and why it's essential. We also explore its impact on...
Motivation Tips for Solopreneurs and Freelancers
Becoming a solopreneur is a bold move that blends independence with entrepreneurial spirit. Unlike traditional business owners, who might have a team to rely on, solopreneurs wear all the hats - from strategists and marketers to customer service representatives and...
Motivational Tips for Solopreneurs
5 Useful Motivation Tips for Solopreneurs that are essential to keep you going when working for yourself. Initially, being your own boss sounds great. However, many solopreneurs discover that giving up their day job is not as glamorous as it seems....
How to Deal with Failure in Business
Failure in business can feel like a punch in the gut, leaving you questioning your decisions and capabilities. But guess what? It’s not the end of the road! As a matter of fact, failure can be a powerful teacher and a stepping stone to greater success. Many of the...
How to cope with Failure in Your Business
How to cope with Failure in Your Business? Failure is often seen as negative in business. When we hear the term, it sounds bad. The dictionary defines failure as a lack of success, especially in specific activities. However, we need to change this...
Small Business Profitability Achieved in Four Steps
Increasing small business profitability is more than just lowering costs or raising prices. It's about achieving a balance between managing costs, optimising processes, and creating value that keeps customers coming back. We all know that running a small business is...
Four Effective Steps to Increase your Profits
Welcome to this week's episode of the I Hate Numbers podcast. We are excited to share four steps to increasing your profits. Accordingly, these steps will help you keep more of the money you make. Moreover, they are designed to ensure your...
How to Do a Profitability Analysis?
Do you want to learn more about profitability analysis but aren't sure where to start? Understanding your company's profitability is critical for making sound decisions that can lead to increased financial success. Profitability analysis is a financial tool used by...
How to do a Profitability Analysis
To start our journey towards understanding business success, we often overlook a vital tool: the profitability analysis. Yet, this oversight can hinder our ability to grasp our true financial standing. Calculating Margins Firstly, let's delve into the...
Capital and Revenue Expenses | What Are They and How to Manage Them?
Running a business requires a good grasp of where your money is going. It's important to know the difference between capital and revenue expenses because it affects how you manage your budget and the financial health of your business. Understanding these will also...
Understanding Financial Jargon
In the realm of business, understanding financial terminology is essential. It unlocks insights, reveals trends, and empowers decision-making. At the "I Hate Numbers" podcast, we're committed to demystifying the complex world of numbers. In this...
Cash Flow Management for Small Businesses: 5 Top Tips (Video)
What exactly is cash flow management for small businesses, and why is it so important for businesses to understand this financial aspect? Cash flow management is the strategic administration of a company's cash inflows and outflows, making sure that there is always...
5 Essential Tips for Cash Flow Management
In last week's episode of I Hate Numbers, we emphasized the critical nature of cash flow forecasting for businesses. Now, in Episode 217, we're shifting focus to share five essential cash flow management tips every small business owner needs to know....
Why Cash Flow Forecasting is Critical to Success
Have you ever thought about what separates a successful business from the rest? It's more than simply having a fantastic product or service; it's also about mastering the art of cash flow forecasting. The power of cash flow forecasting It is more than just calculating...
More business success with Cash Flow Forecasting
In the latest episode of the I Hate Numbers podcast, we shed light on the indispensable role of Cash Flow Forecasting in ensuring the success of your business endeavours. Understanding the Ups and Downs Cash Flow Forecasting serves as a beacon, guiding...
Why Cloud Accounting Is Bad for Business (7 Reasons)
Are you a business owner managing the complex world of financial management? In today's digital age, cloud accounting has emerged as an appealing solution that promises efficiency and accessibility. But is it really the right fit for every business? In my latest...
The Benefits of Cloud Accounting for Businesses
In our pursuit of simplifying clients' lives and alleviating stress, the "I Hate Numbers" podcast delves into the benefits of cloud accounting this week. Time Saving Benefits Transitioning to cloud accounting not only saves time but also...
Why Your Business Needs Cloud Accounting
The importance of cloud accounting for businesses cannot be overstated. This innovative approach to financial management offers a range of benefits that can significantly impact a company's operations. Let me rephrase this, and start over... Firstly, I'd like to ask...