When should you investigate variances is a massive part of financial management. it’s also this week’s I Hate Numbers podcast episode. If you’re thinking, what’s a variance, well that’s the difference between where you expected to be financially (budget) and where you actually are. Time, money and your energy is limited so you need to...
Gaining Financial Controls for your business can be difficult and often rather daunting. Moreover, having the right approach and finance controls in place is essential to keep ahead of any financial issues that may arise. This week’s podcast looks at PAWAD. This is a five-step approach on how to set up and use effective Financial...
Achieving your targets is this week’s I Hate Numbers podcast. A target is a goal that has specific criteria for success. Furthermore, reaching it means you have got where you wanted to, it’s pat on the back time. Targets are an integral part of achieving your goals and objectives. Furthermore, they help your business progress. ...
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 over time throughout your business. KPIs may differ based on industry, but...
Are you a business owner or manager looking for ways to measure the performance of your business? If so, then this video has all the answers you need! Watching it will teach you how to identify your business goals, choose the right metrics and collect and analyze data in order to accurately measure your business...
Avoidable mistakes on your tax return is this weeks topic. It’s tax season, and the stress of preparing your return can feel overwhelming. But don’t worry – I Hate Numbers is here to help! On this week’s podcast, I’m talking about Avoidable mistakes on your tax return, five of them to be exact. The first...
Are you looking for some help with Tax and Business Financial Planning? It can be intimidating to figure out on your own, don’t struggle alone. My I Hate Numbers podcast is here to make it easier for you. When building a business financial plan, tax must be considered. Tax is an expense just like any...
There are Five key stages in your Business Financial Plan. Having a clear financial plan in place is essential for any small business, arts organisation, social enterprise, or SME. Creating one can seem like a daunting task. However, when broken down into the five key stages it becomes less of an overwhelm. With my guidance, you’ll ensure...
Are you running a small business, social enterprise or arts organisation but aren’t sure if budgeting really matters? Well, it absolutely does! In this weeks I Hate Numbers podcast I discuss the importance of budgeting and show you why it should be an integral part of your plan for success. Budgeting is essential for success...
What should you charge for your services? It’s a question that many small business owners, artists, and social enterprises grapple with. Charging too much can mean you’re shutting yourself off from potential clients, while charging too little can lead to you working for very little money. Is it based on how much experience you have,...
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 most well-known is cost-based pricing, where you charge what it costs...
It’s no secret that I know that financial planning is wonderful. Successful businesses require effective financial planning. But did you know that there are several other benefits to financial planning as well? In this podcast I’ll look at some of the key advantages of financial planning for your business. Whether you’re just starting out or...
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 making decisions on the fly without any real understanding of what...
Explaining assets and liabilities is my mission in this week’s 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 this podcast, I’ll break down what constitutes a business asset and explain some of the most common liabilities businesses...
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 with making and selling your products or services. Check out last...
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 budgeting and long-term planning. But understanding your operating profit is essential if you want to...
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 is? And how it can benefit your business? Maybe you...
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! Understanding and using break even and applying is neglected by...
A recession is a difficult time for any business, so knowing How your business deals with a recession is a vital part of your toolkit, It may be that your customers may have less money to spend, you may have to let staff go, and your bottom line may be shrinking. But all is not...
Are you a business owner looking to make the switch to cash basis accounting? The transition can be daunting, but it’s worth it if you want to make the most of your profits. In this podcast I’ll take a look at how traditional accounting compares to cash basis accounting and show you how to calculate...
Self-employed tax returns can be daunting, but they don’t have to be! This weeks I Hate Numbers podcast takes you through how to fill in your self-employed tax return for the year 21-22. I’ll explain everything you need to know, so you can be confident in completing your return. Plus, I’ve got some handy tips...
