If you’re running a dormant company, or thinking about making your business dormant, there are some key things you need to understand. Dormancy is a status for companies that aren’t actively trading. While it might seem like a low-maintenance option, there are still...
When building a business, most people focus on the right strategies, financial planning, market conditions, or even having a strong network. But in business, success starts with believing in yourself. This is because you’re more likely to overcome challenges, take...
Self-belief is crucial when it comes to succeeding in business. Undeniably, it can shape how we approach opportunities and challenges alike. Without confidence, even the best plans might falter because hesitation tends to slow progress. Thus, building...
Economies of Scale are crucial for businesses seeking efficient growth. This week's episode explains how this concept applies across industries, especially in small businesses and the creative arts. When businesses grow, unit costs generally decrease, leading...
In this episode, we explore the Operating Profit Margin and its significance for your business. The Operating Profit Margin is a crucial metric that shows how much profit your business generates from its core operations after covering costs such as...
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...
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...
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....
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...
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...
Tax bill creeping up even when your income hasn't increased? Then you're certainly experiencing something called fiscal drag. We're here to break it down for you in plain English, without all the confusing financial jargon, so that you can loosen up those facial...
In the fast-paced world of business, people often view procrastination with apprehension. They commonly associate it with missed deadlines, incomplete tasks, and unfulfilled promises. We, too, used to perceive procrastination negatively, as it seemed to hinder...
Introduction Project Tracking by Categories is a big part of effective financial management is the cornerstone of business success. To unlock the hidden gems of profitability and optimize resource allocation, you need a systematic approach. In this blog post, we'll...
In today's episode, we, as dedicated proponents of effective business practices, discuss the paramount significance of planning in the world of business. We firmly believe that planning serves as the compass that guides businesses through turbulent...
Stress & Anxiety In Business May is Mental Health Awareness Month so here at I Hate Numbers we just wanted to remind everyone to spare a moment and consider if you are dealing with your stress & anxiety & how it impacts in the workplace. In today's...
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 work and...
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 progress...
The Numbers Crew here to help you Want your business to survive, make money & grow? Then read on Want to: Know how much profit you're making? Make more money? Manage your cashflow better? Make your business dream come true? Then we're the accountants for you....
Business owners, Understanding gross profit should be on your list of need to know . Gross profit is one of the most important financial measures, this video will Firstly, explain what it is Secondly, tell you how to calculate it Thirdly, contrast mark up and margin...
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...
Learn more about five Money Saving tips. Quick wins, straightforward to implement and access. Learn more your tax entitlements and generate funds Marriage allowance Married or civil partnership, it’s all about the love, but also some tax savings to be had. You can...
About this episode Your financial statements tell the story of your business. The words in that story are numbers, and understanding what they mean gives us more clarity, control, and confidence. In this episode, we explain the key financial statements every business...
About this episode Pricing is one of the biggest decisions we make in business. Charge too little and we damage profit. Charge too much and customers may walk away. Target costing gives us a different way to think about price, cost, value and margin. In this episode,...
About this episode Cash keeps the lights on in business. Profit matters, but if cash runs out, the business can quickly feel under pressure. A cash flow forecast helps us see what money may come in, what money may go out, and what could be left in the bank each month....