This episode of the Profit Cash Growth Podcast helps business owners identify the single metric or small set of metrics that will most improve profitability. We take you through a practical KPI workshop: identify your biggest monthly cost, link that cost to turnover with a clear ratio or metric, and segment your business into no more than five categories. Track the chosen KPI for each segment, analyse the top and bottom performers using repeated "why" questions to find root causes, then clone successes and fix or remove failures. Use a PDCA (Plan-Do-Check-Act) approach to test and iterate.

‼️ Download The KPI Worksheet Here....! https://www.profitcashgrowth.com/kpiworksheet

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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 explain SSE (Substantial Shareholding Exemption): what it is, the three qualifying criteria (10% ownership, 12 months’ holding, and trading status for parent and subsidiary), and a real client case that shows how group structures can accidentally trigger extra tax if set up without the right advice. If you have or are considering a group structure, check whether SSE applies to you and get specialist advice to avoid costly tax mistakes.

⭐ 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

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LinkedIn

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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 week's episode we apply Charlie Munger’s “invert” approach to your business: listing common mistakes that make a finance function fail (unqualified staff, manual processes, duplicate records, poor credit control, mixed accounts, and ignoring the numbers) and outlining practical, modern fixes.

⭐ 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 our main focus is a powerful but widely overlooked tax relief: if you personally borrow money (for example by remortgaging or taking a personal loan) and lend it to your limited company, you can usually claim the interest on your Self Assessment as a tax-deductible expense. That can reduce your personal tax bill, may be worth significant sums and can be claimed up to four years in the past with supporting evidence.

We explain how to document the money flow, when the relief applies (and when it may not), what to watch out for (company interest paid back to you, closed investment companies, and the need for a clear paper trail), and point listeners to HMRC guidance (HS340 and SAIM10030) and the practical steps to refile or write to HMRC to correct earlier returns.

⭐ 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 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.