What Exactly Is Cloud Accounting? Discover how Cloud Accounting for Small Business saves you time, reduces errors, and give you real-time insights into your business finances. Tedious paperwork becomes a thing of the paste. You may have heard the term "cloud...
One of the problems, if not the biggest, that most business owners have when it comes to planning their future, getting more customers, figuring out the costs and making money is not taking into account all the important bits and pieces. That’s where a Business Model...
Debunking the Myth about Budgeting It’s a common misconception that a budget restricts one's freedom. Quite the contrary. It’s actually a very important stepping stone towards reaching your financial and business objectives. Highly recommended: create a budget for...
We believe that your business budget is one of your most valuable allies. It might sound surprising, but the process of budgeting should not be daunting or intimidating. In this episode of "I Hate Numbers," we'll explore the advantages of implementing a budget...
Introduction to Budgeting and Its Advantages Successful businesses know that budgeting is good for business. Budgeting allows a company to plan ahead for the future and allocate resources accordingly. It is a valuable tool for managing cash flow, identifying areas of...
Budgeting often triggers unenthusiastic reactions. But let's debunk these myths. In my experience, budgeting isn't about constraints; it's a potent tool for empowerment. Let's have a look in our podcast as we delve into embracing budgeting and a...
In this episode of the I Hate Numbers podcast, we explore how planning can transform your business's future. Discover how planning reduces anxiety, empowers decision-making, and boosts profitability. Why Business Owners Overlook Planning Many...
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...
How to do your personal budget is this week’s I Hate Numbers podcast topic Worried about your personal finances? How to do your personal budget is the answer! It will help you keep track of where your money is going and how to make the most of it. With a...
How to budget your money is vital when times are challenging, and when times are good. A budget is a plan for how you will spend your money. It can help you save money and make better financial decisions. Creating a budget can seem like a hard task, but it doesn't...
Handling money in your relationship is this weeks I Hate Numbers podcast. Money is one of the biggest sources of tension in relationships. I can help you learn how to handle money in your relationship and stop the arguing. You will be able to work...
Dealing with money and relationships is not a topic that is often discussed. Moreover, money is one of the biggest sources of stress in a relationship. But it doesn't have to be that way! You can learn how to deal with money and relationships and be happier. I'm...
Are you a carer and want to know How to claim Carers Allowance? What is Carer’s allowance? This is money given to people who look after someone with substantial caring needs. It’s not means-tested, so it doesn’t matter how much you earn or own. Furthermore, if...
Do you struggle with Your mental health and money? You’re not alone. Millions of people are struggling with their mental health and money, but it doesn’t have to be that way. There is a solution! It’s not an uncommon feeling to feel overwhelmed by debt, anxiety,...
Why leadership is key to your business resilience is the topic of this blog. Business resilience is what you need when running your business. The businesses that share these characteristics tend to be at a large, multinational corporate level. However there are...
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...
f you want your business to carry on, survive then and thrive learn to understand and keep an eye on your gross and profit. If you don’t do this then you are missing a trick, and your business can suffer and lose money
One of the main reasons that businesses go under is because of the confusion between cash and profit. Which is more important? What really keeps the business going? Well, Profit is More Important than Sales Here’s an easy way to look at it. Serena decides to sell...
Above all, a business is there to make money. It’s your primary responsibility. Money means profit. It doesn’t make any difference whether your business is a private business, social enterprise or charity. Some headline reasons for making profits include: No...
Budgets: Setting Targets Budgeting involves setting targets. Clear targets motivate people to high performance levels. Budgets are your stories of tomorrow. They show choices, aims and objectives. Targets are typically shown in terms of money, i.e. income, costs and...
Budgets are plans, planning is good, and furthermore budgets are plans with numbers. The budget Every organisation needs sound financial management as part its strategy, finances underpin every aspect of this work. Each activity should be planned and costed, resources must be considered. The budget is the document translating action plans into monetary terms. […]
Business budgeting for success needs the solid foundations of sound financial management built into its overall strategy. For that reason finances should underpin every aspect of its work. Plan and cost your activities, so your resources are properly considered. “Failing to plan is planning to fail,” Benjamin Franklin Likewise Franklin’s words apply to budgeting. Hence budgeting is […]
First of all to budget in business you should have a “Personal Survival Budget” in place. What’s your minimum survival budget? Furthermore remember very few businesses make enough money in the formative years. So in order to find out how long you can continue trading, establish what your minimum survival budget is. Also look at how […]