In this episode of the Profit Cash Growth Podcast Clare Hancott answers listener-submitted questions, covering how much cash businesses should hold, the cash demands of fast growth, when to hire finance support, strategies to collect payments faster, and the key numbers owners should monitor monthly.

Whether you run a service-based business or manage inventory, Clare gives practical guidance on cash buffers, forecasting during growth phases, and structuring finance roles as your business scales.

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

This week, we tackle one of the most critical aspects of business growth: recruitment. If your recent hires have been disappointing, you're in for a transformative session that will elevate your hiring game to new heights.

Claire shares actionable insights and frameworks aimed at refining your recruitment strategies. They discuss the role AI plays in optimising the recruitment process, ensuring you attract and select the best talent to drive your six, seven or eight-figure business forward.

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

This week, we dive into the transformative potential of Artificial Intelligence (AI) for businesses of all sizes. We shed light on the creative use of AI agents for automated daily briefings, revealing how businesses can start small but think big with AI. Claire also shares her insights on using AI to create a business model that is not overly dependent on her, thereby showcasing AI’s potential to foster a scalable business environment.

Whether you're already familiar with AI or just beginning to explore its capabilities, this episode offers invaluable guidance on leveraging AI effectively in your business. Don’t miss out on these cutting-edge strategies designed to enhance your profitability, cash flow, and overall business growth.

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

In this episode we discover how smart payment runs can transform your cash flow, offering insightful tips on how to efficiently manage supplier payments and strengthen financial controls. From categorising suppliers for smoother transactions to utilising technologies for stress-free approvals, learn how to establish a seamless and effective financial process in your business.

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

In this episode we delve into the intriguing world of Employee Ownership Trusts (EOTs). Claire Hancott, a seasoned finance director and chartered accountant, guides listeners through the mechanics and benefits of EOTs, revealing why they are becoming an increasingly popular exit strategy for business owners. Discover how EOTs offer a tax-free way to sell your company while ensuring a seamless transition to your employees. We unveil practical insights and a candid debate on whether an EOT might be the right path for your business.

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

This week, we dive into a dynamic and somewhat fiery discussion about the often-overlooked intricacies of setting Key Performance Indicators (KPIs) in business. The conversation takes an unexpected turn as Claire and Simon find themselves at odds over the best strategies for motivating teams and measuring success.

Delve into the nuances of KPI triangles, the balance between action and impact, and the importance of creating a supportive culture that empowers employees to take initiative. Whether you're setting KPIs, leveraging AI, or fostering a progressive work environment, this episode offers actionable insights and engaging perspectives.

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

In this episode, we dive into a crucial question for business owners: does your business need a CFO or a Financial Controller? 

The podcast offers practical advice on assembling an effective finance team, detailing the crucial roles of a bookkeeper, financial controller, and CFO, and when businesses should consider each role. This episode is packed with valuable insights for business owners looking to streamline their finance functions and make informed strategic decisions. Don’t miss out on understanding the signals that indicate your business is ready for a CFO and how financial processes can drive business growth.

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

This week we delve into the fascinating nuances of business travel expenses and tax regulations. We explore the often misunderstood realm of what business expenses can be legally claimed, particularly when it comes to travel and entertaining staff.

We focus on the 'grey areas' of accountancy related to business travel expenses. It demystifies notions like 'wholly and exclusively' for business purposes and the concept of 'duality of purpose'. Through relatable scenarios and practical advice, we aim to guide business owners on what they could possibly 'hack' as allowable expenses, highlighting the importance of finding a savvy accountant who can navigate these complexities efficiently.

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

This week we delve into the critical need for businesses to become ‘recession ready’ as we explore the necessary steps six and seven-figure business owners should take to safeguard their ventures against economic downturns.

You'll get actionable guidance on how to prepare for potential recessions, including understanding your business's "margin of safety", effective cash management strategies, and reviewing your customer and supplier relationships to mitigate risks.

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

This week we delve into the labyrinth of hidden taxes that lurk within your business structure. Claire outlines key considerations for business owners, from understanding the nuances of business rates, payroll taxes, VAT, and corporation tax, to the specific risks these pose to smaller group enterprises. We provide practical advice and real-world examples to help listeners navigate these potential pitfalls and optimise their financial planning.

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.