Budgetwhizz®: Cash flow and financial planning tools to make your business boom!Budgetwhizz® is designed to give you more certainty over your numbers (and financial future) as well as reduce the unnecessary stress and anxiety which many business owners face as a...
Sales forecasting is such a valuable element of business planning. It is the underlying plan of all plans! This is so because when sales forecasting is done right it can enable the business owners or managers to: be comfortable when making business decisions course...
In this discussion, we're going to explore the significance of tracking in running your business. Additionally, we'll be talking about the power of project or product tracking and how it unravels profitability. We'll shed light on the financial...
About this episode Choosing a business structure matters. Limited companies often get plenty of attention, but operating as a sole trader can be a strong, practical, and flexible option for many business owners. In this episode, we explain the benefits of operating as...
Responsibility Accounting Demystified: A Straightforward Guide to Success Responsibility accounting holds the key to better financial performance. It improves accountability and streamlines decision-making. Discover the essentials of responsibility accounting and how...
Responsibility Accounting: A Comprehensive Guide Responsibility Accounting is a powerful management tool. It holds decision-makers accountable for financial outcomes. This article takes a further look in an easy to understand way. Let's dive into what...
If you have a UK company , then you need to understand directors National Insurance. In this vlog I am going to explain Firstly, why UK directors are treated differently for National insurance Secondly, what National Insurance directors pay Lastly, the two methods of...
When it comes to planning for retirement, understanding how the UK State Pension works and how to get the maximum amount is crucial. In this blog post, we will discuss everything you need to know about the UK State Pension, including how it works, how to get the...
Understanding the Role of National Insurance in Your UK State Pension is key to making informed decisions about your financial future. National Insurance is used to calculate your State Pension and affects how much you receive. Getting the full State Pension...
Investigating variances, moreover, when to do so is an important part of any business. A variance is the difference between a budgeted figure and an actual figure. It can happen in almost any area of a business—sales, costs, profit margins, etc. There are five key...
Financial control is vital for all types of business, from the smallest to the largest. Fundamentally controls are there to help you reach your business Northern star, your business goals. Effective financial control systems can ensure that your business operates...
Five mistakes to avoid on your UK tax return is this weeks short video. Are you dreading your UK tax return for 21-22, and want to avoid making mistakes and facing penalties? Have no fear, I Hate Numbers is here to guide you through the process, and help you avoid...
Are you feeling overwhelmed when it comes to understanding how Taxes and financial planning fit. Moreover, how how impact your financial planning? Do you find yourself asking questions like, “How do I forecast for and build tax into my business financial plan?” If...
Have you ever wondered Why budgeting is important? Well, I am going to tell you Why budgeting is important, moreover 8 reasons! It's no surprise that budgeting is often seen as a daunting task. If you're in the business of making money, taking time out to do an...
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 use. 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...
Understanding operating profits helps you make better and informed business decisions. If you are serious about business, then it's important to understand key financial concepts like operating profit. Small businesses, arts organisations and social enterprises can...
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...
Financial planning and mental health, there’s a link and it’s a positive one. In this video, I look at three reasons why financial planning is good for your mental health. When you have a plan and know where your money is going, it gives you a sense of control and...
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...
For many businesses, break-even is a critical milestone. It can be a make-or-break point for small businesses and signifies the point at which revenue from operations equals total costs. But what does break-even mean? And how do you achieve it? This weeks video...
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!...