Financial and Lifestyle Freedom for UK Business Owners

Financial and Lifestyle Freedom for UK Business Owners

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Financial and Lifestyle Freedom for UK Business Owners episodes

  • UWR 054 Build the business you want to build

    My quick tip for today is build a business you want to build, not what’s expected of you by anyone else, not what your coach tells you you should build, or even your partner. It’s what you want because only then will it get you to live the life you want to live. We can all look at all these models that we get online about how to build a business, but it’s what you want to do.

    I had someone recently say to me that they couldn’t grow their accounting firm because they didn’t want to take on an office. “I don’t have an office. My team all works virtually and I’m actually going to be heading on the road and travelling in Europe whilst working as well.” You do not need to conform to what everyone else in your industry has traditionally done and traditionally sees their business. You can do what you want to do and only then will you achieve the success that you want to achieve.

    I hope that this episode has been useful to you. I also want to invite you to step into the Uncover Wealth Community. This is my private community on Facebook. You can search Uncover Wealth Community or go to annetteandco.co.uk/fbgroup. I do a live teaching there every single Tuesday for Training Tuesday, and I would love to have you there. Thank you so much for listening. Until next time, let’s find the clarity in your numbers, increase your wealth, and get more money in your pockets.

    2 min
  • UWR 053 Ask better questions
    Welcome to Uncover Wealth Radio episode 53. I am Annette Ferguson, CEO of Annette & Co., and I help online service-based entrepreneurs find the clarity in their numbers, increase their wealth, and have more money in their pockets. So let's dive in.

    Hey everyone. My top tip for today is to ask better questions. What questions could you be asking your clients or your prospects that no one else in the industry that you operate in bothers to ask them?

    One question that I always ask people is, "If I had a magic wand, what would your business look like after I waved it?" Now, everyone says to me, "An accountant has never asked me that before," when I ask those and similar questions of their business. And what questions can you ask that actually help you help your client more, and elevate your position as their trusted advisor, or whatever position it is that you are coming on board for them?

    I hope that this episode has been useful to you. I also want to invite you to step into the Uncover Wealth Community. This is my private community on Facebook. You can search Uncover Wealth Community, or go to annetteandco.co.uk/fbgroup. I do a live teaching there every single chase day for training Tuesday, and I would love to have you there.

    Thank you so much for listening. Until next time, let's find the clarity in your numbers, increase your wealth, and get more money.
    2 min
  • UWR 053 Ask better questions

    Welcome to Uncover Wealth Radio episode 53. I am Annette Ferguson, CEO of Annette & Co., and I help online service-based entrepreneurs find the clarity in their numbers, increase their wealth, and have more money in their pockets. So let’s dive in.

    Hey everyone. My top tip for today is to ask better questions. What questions could you be asking your clients or your prospects that no one else in the industry that you operate in bothers to ask them?

    One question that I always ask people is, “If I had a magic wand, what would your business look like after I waved it?” Now, everyone says to me, “An accountant has never asked me that before,” when I ask those and similar questions of their business. And what questions can you ask that actually help you help your client more, and elevate your position as their trusted advisor, or whatever position it is that you are coming on board for them?

    I hope that this episode has been useful to you. I also want to invite you to step into the Uncover Wealth Community. This is my private community on Facebook. You can search Uncover Wealth Community, or go to annetteandco.co.uk/fbgroup. I do a live teaching there every single chase day for training Tuesday, and I would love to have you there.

    Thank you so much for listening. Until next time, let’s find the clarity in your numbers, increase your wealth, and get more money.

    2 min
  • UWR 052 Are your team revenue generating?
    Welcome to Uncover Wealth Radio, episode 52. I am Annette Annette Ferguson, CEO of Annette & Co. And I help all my insiders [inaudible 00:00:10] find the clarity in their numbers, increase their wealth, and have more money in their pockets. 

    So let's dive in.

    Hey everyone. Are your team delivering you revenue, or costing you money? I am in the process of implementing a system so that each and every one of my team members delivers me between two and four times their salary back in revenue every single month. And I highly urge you to work at if your team are actually making you money or costing you money. Because as a small business, and by small I mean less than 10 million revenue, we really, really need to make sure that every single person in our team is delivering us revenue, is positively impacting the bottom line. We can do that through job descriptions. We can do that through KPIs, but we need to make sure they are delivering us revenue because otherwise they are a pure on hundred percent cost, and as a small business we cannot have to have people who are just costing and not delivering revenue. So I highly urge you to review your position that you have in your business and see if there's a way that you can make them revenue-generating at the same time.

    I hope that this episode has been useful to you. I also want to invite you to step into the Uncover Wealth community. This is my private community on Facebook. You can search, Uncover Wealth community, or go to annetteandco.co.uk/fb group. I do a live teaching there every single Tuesday for Training Tuesday, and I would love to have you there.

    Thank you so much for listening. Until next time, let's find the clarity in your numbers, increase your wealth, and get more money in your pocket.
    3 min
  • UWR 052 Are your team revenue generating?

    Welcome to Uncover Wealth Radio, episode 52. I am Annette Annette Ferguson, CEO of Annette & Co. And I help all my insiders [inaudible 00:00:10] find the clarity in their numbers, increase their wealth, and have more money in their pockets. 

    So let’s dive in.

    Hey everyone. Are your team delivering you revenue, or costing you money? I am in the process of implementing a system so that each and every one of my team members delivers me between two and four times their salary back in revenue every single month. And I highly urge you to work at if your team are actually making you money or costing you money. Because as a small business, and by small I mean less than 10 million revenue, we really, really need to make sure that every single person in our team is delivering us revenue, is positively impacting the bottom line. We can do that through job descriptions. We can do that through KPIs, but we need to make sure they are delivering us revenue because otherwise they are a pure on hundred percent cost, and as a small business we cannot have to have people who are just costing and not delivering revenue. So I highly urge you to review your position that you have in your business and see if there’s a way that you can make them revenue-generating at the same time.

    I hope that this episode has been useful to you. I also want to invite you to step into the Uncover Wealth community. This is my private community on Facebook. You can search, Uncover Wealth community, or go to annetteandco.co.uk/fb group. I do a live teaching there every single Tuesday for Training Tuesday, and I would love to have you there.

    Thank you so much for listening. Until next time, let’s find the clarity in your numbers, increase your wealth, and get more money in your pocket.

    3 min
  • UWR 051 Are you making enough time for strategy?
    Welcome to Uncover Wealth Radio episode 51. I am Annette Ferguson, CEO of Annette & Co., and I help online service-based entrepreneurs find the clarity in their numbers, increase their wealth, and have more money in their pockets. 

    So let's dive in.

    Hey everyone, I have a quick question for you today. 

    Are you getting enough time to do the strategic work in your business, or are you getting pulled back in the weeds way, way too often? 

    Something to ponder on and think about, if you are getting pulled back into the weeds way too often, why is that? Is it because you don't have the people plan piece worked out? Is it because your team don't feel enabled to make decisions on their own and therefore you are making their decisions for them? They're coming to you for that. Do you get that strategic thinking time? If you don't then I highly, highly recommend working out what the reason behind it is, and therefore engineering your day and your week so you can spend time on the strategy because you are the CEO and that is your role, the strategic part of the business.

    Therefore, make sure that you're spending enough time each week with clarity of thought, and with thinking time, so that you can strategize to move the business to where you want it to be.

    I hope that this episode has been useful to you. I also want to invite you to step into the Uncover Wealth Community. This is my private community on Facebook. You can search Uncover Wealth Community, or go to annetteandco.co.uk/fbgroup. I do a live teaching there every single chase day for training Tuesday, and I would love to have you there.

    Thank you so much for listening. Until next time, let's find the clarity in your numbers, increase your wealth, and get more money.
    3 min
  • UWR 051 Are you making enough time for strategy?

    Welcome to Uncover Wealth Radio episode 51. I am Annette Ferguson, CEO of Annette & Co., and I help online service-based entrepreneurs find the clarity in their numbers, increase their wealth, and have more money in their pockets. 

    So let’s dive in.

    Hey everyone, I have a quick question for you today. 

    Are you getting enough time to do the strategic work in your business, or are you getting pulled back in the weeds way, way too often? 

    Something to ponder on and think about, if you are getting pulled back into the weeds way too often, why is that? Is it because you don’t have the people plan piece worked out? Is it because your team don’t feel enabled to make decisions on their own and therefore you are making their decisions for them? They’re coming to you for that. Do you get that strategic thinking time? If you don’t then I highly, highly recommend working out what the reason behind it is, and therefore engineering your day and your week so you can spend time on the strategy because you are the CEO and that is your role, the strategic part of the business.

    Therefore, make sure that you’re spending enough time each week with clarity of thought, and with thinking time, so that you can strategize to move the business to where you want it to be.

    I hope that this episode has been useful to you. I also want to invite you to step into the Uncover Wealth Community. This is my private community on Facebook. You can search Uncover Wealth Community, or go to annetteandco.co.uk/fbgroup. I do a live teaching there every single chase day for training Tuesday, and I would love to have you there.

    Thank you so much for listening. Until next time, let’s find the clarity in your numbers, increase your wealth, and get more money.

    3 min
  • UWR 050 3 quick tips to price your online course
    Welcome to Uncover Wealth radio episode 50. 

    I am Annette Ferguson, CEO of Annette and Co. And I help online service-based entrepreneurs find the clarity in their numbers, increase their wealth, and have more money in their pockets. So let's dive in. Hey money makers, and today I want to share with you three quick tips in how to price your online course. So first off, when you have designed your course, you may not have recorded it yet or anything like that, but once you've designed it, think about where you want this to sit within your product offering.

    Is this the type of thing that you want to be offering as a trip wire, or is it kind of seven pound product, or is this your signature course? Where does it sit in your product ecosystem, in your product services, and how does that position within those? Then secondly, I want you to think, where does this sit in the market? Are you going to be the Walmart or the Tiffany's? Are you at the, get them in, sell a tonne, and get hundreds and thousands of people on your course or programme, or are you that you want it to be quite exclusive, and you don't need tonnes and tonnes and tonnes of people?

    Where does it sit in the marketplace, as a whole? And then third, quantifying what the results are that you are offering, whether it might be love, money, time, happiness, or health, whatever that looks like. What are they getting from your course that if they didn't take your course, they might have to spend money, for example, somewhere else. Let's say that your coach is on how to avoid a divorce, and a divorce costs 20 grand, then they're buying your course instead of having to pay 20 grand for divorce. So quantify what it is that they're actually getting as well. So these can be really important things to work out and think about when you are trying to price your online course. Now, if you enjoyed this video, I would like if you want to like, share, subscribe, all those good things, would be totally, totally awesome.
    3 min
  • UWR 050 3 quick tips to price your online course

    Welcome to Uncover Wealth radio episode 50. 

    I am Annette Ferguson, CEO of Annette and Co. And I help online service-based entrepreneurs find the clarity in their numbers, increase their wealth, and have more money in their pockets. So let’s dive in. Hey money makers, and today I want to share with you three quick tips in how to price your online course. So first off, when you have designed your course, you may not have recorded it yet or anything like that, but once you’ve designed it, think about where you want this to sit within your product offering.

    Is this the type of thing that you want to be offering as a trip wire, or is it kind of seven pound product, or is this your signature course? Where does it sit in your product ecosystem, in your product services, and how does that position within those? Then secondly, I want you to think, where does this sit in the market? Are you going to be the Walmart or the Tiffany’s? Are you at the, get them in, sell a tonne, and get hundreds and thousands of people on your course or programme, or are you that you want it to be quite exclusive, and you don’t need tonnes and tonnes and tonnes of people?

    Where does it sit in the marketplace, as a whole? And then third, quantifying what the results are that you are offering, whether it might be love, money, time, happiness, or health, whatever that looks like. What are they getting from your course that if they didn’t take your course, they might have to spend money, for example, somewhere else. Let’s say that your coach is on how to avoid a divorce, and a divorce costs 20 grand, then they’re buying your course instead of having to pay 20 grand for divorce. So quantify what it is that they’re actually getting as well. So these can be really important things to work out and think about when you are trying to price your online course. Now, if you enjoyed this video, I would like if you want to like, share, subscribe, all those good things, would be totally, totally awesome.

    3 min
  • UWR 049 Simplification
    In today's episode, I am speaking about simplification, so let's dive in. It's a phrase I hear a lot from clients, "I want to simplify now," and it's often from people who are feeling burnt out from their business or are feeling a little resentful of their business now, that perhaps they've lost that little bit of spark that they had for their business. They've spent years, perhaps, adding different programmes and courses, adding layer upon layer of tech or automation and team, and things just feel heavy now. Things feel ... well, complex, so I want to share with you what I think is key when you begin to feel that way. First, looking at all of your offerings, which do you actually enjoy and which now feel like a burden to you?Be really honest with yourself and understand which spark joy in you and which just feel heavy, and next, really be clear on which are making money and which are not. Again, get really honest. Make sure that you layer in all costs, including team time, payment processor fees, as well as your own time. Anything that is losing money needs to go straight away. Anything that you are no longer loving doing, then what is the impact on your take home, if that goes straight away? What is the financial impact in terms of any refunds or repayments that you would need to make? Assess what would happen if these programmes you hated went away. It might be that you can't do that straight away and you need a phase out plan, but getting the ball rolling and starting moving on that is a good idea. There is no better way to breed resentment for your business and ultimately for your clients if you hate the programmes you are running.Now, what does your business look like with a more streamlined offering, ones that are profitable and that you love? And what finances would you deliver to your family's pocket over the next 12 months with a more aligned and simplified offering? Does that work? If not, what needs to happen? What needs to change? Ask yourself these questions to get to a place where your business is not so crazy and it's feeling a lot more simplified and in alignment with yourself and what you want from your business. And what about the funnels and tech to support those bits that you are no longer planning on having, that you are planning to strip away? What is the phase out process for that? And what about team? Hours or responsibilities need to be changed now. Make sure you get really clear on what can be done away with and what needs to stay in place for each phase of the phase out, of the transition to a more simplified model.This will help you move towards a much more simplified business, and one that you can start being in love with again. So I hope that this episode has been useful to help you think about simplification, and whilst we are here, I would love to let you know about the next wealth lab that we have happening inside the Uncover Wealth Community. The wealth lab runs from November 11th to 15th, and during it we will be building out your profit plan to release the next six figure take home from your business. Head to annetteandco.co.uk/wealthlabnov19, which I realise is a bit of a mouthful. So it may just be easier to click the link in the show notes and you can register your place. Thank you so much for listening. Until next time, let's find the clarity in your numbers, increase your wealth, and get more money in your pockets.
    5 min

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