In this weeks episode Ildikó talks with Janice, a seasoned entrepreneur with a wealth of experience in accounting and teaching. Janice shares her journey of launching her latest venture, Accounts Interpreter, aimed at helping small business owners understand their financials without the jargon. 

KEY TAKEAWAYS

• Understanding Numbers is Crucial for Business Success: Many small business owners struggle with financial literacy, often relying on guesswork rather than data. It's essential for them to understand key financial concepts like gross profit, net profit, and balance sheets to make informed decisions.
• Embrace Technology for Efficiency: The integration of accounting software with banking apps can streamline bookkeeping processes. Utilizing tools like QuickBooks or Xero can save time and reduce manual errors, allowing business owners to focus on growth rather than administrative tasks.
• Continuous Learning and Adaptation: The importance of lifelong learning is emphasized, particularly in adapting to new technologies and methodologies. Engaging in courses and workshops can help business owners stay updated and improve their financial management skills.
• Health and Well-being Impact Business Performance: Prioritizing physical, mental, and spiritual health is vital for sustaining business success. Establishing routines, such as regular exercise and mindful practices, can enhance overall well-being and productivity.

BEST MOMENTS

Janice: "Some people just have a block, you know, I just don’t do numbers. Have you heard that one? Or maths? No, don’t talk to me about maths."

Janice: "I think bookkeepers can move more into consultancy... sometimes they don’t claim for things that they’re entitled to claim."

Janice: "Retiring? What’s that? Oh, I think I’d be really bored if I retired."

HOST BIO

Ildikó Sealey, the host of New Business in Later Life is also the founder of the Routine Club, helping Encorepreneurs build healthier, happier, wealthier lives and businesses.

A Routine Mentor, public speaker, property entrepreneur, and networking host, Ildikó champions the power of daily wellbeing habits - physical, mental, spiritual, and intellectual - as fuel for business success in later life.

With a background in social housing, creative practices, education and property business, she now mentors ambitious founders stepping into their next chapter with purpose and energy. Through her podcast, events, and group programmes, Ildikó proves that thriving doesn’t retire.

CONTACTS

Host contacts:

My gift to you: my recommendation of services I use to save me time, money and enhance my life and business are on my contact page: https://www.encorepreneurs.club/contact-us/

Follow and get involved with the community on Facebook: https://www.facebook.com/profile.php?id=61560556532561 

Guest contacts: 

To get Janice to show you how numbers could be your friend, contact her via https://www.facebook.com/AccountsInterpreter 

Producer contact:

This Podcast has been brought to you by Disruptive Media https://disruptivemedia.co.uk/