By Business Owners Claire & Simon
The podcast currently has 43 episodes available.
This week we delve into a real-life crisis faced by one of our clients who is about to lose a staggering £1.8 million, wiping out their entire profit margin. This episode offers an in-depth conversation targeted at six and seven-figure business owners, focusing on transforming dire financial situations into opportunities for growth.
The discussion extends to topical financial news affecting major UK retailers, examining the broader economic impacts and strategies for businesses to navigate these challenges. With a focus on practical solutions, the episode unfolds a plethora of strategies including outsourcing, productivity enhancements through AI, price adjustments, and asset utilisation, tailored to help businesses overcome financial setbacks.
For businesses wanting to stay ahead of the curve amidst the financial upheaval, this episode provides essential tools and strategies, ensuring listeners are equipped to make informed decisions that safeguard their business's future. Whether you're looking to strategically increase your team’s productivity or explore innovative ways to balance your fiscal responsibilities, this episode is packed with actionable insights and industry advice.
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VALUABLE RESOURCES
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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 festive edition, we dive into the holiday spirit by sharing insightful tips on how to unwrap the gift of tax-free benefits for your business this Christmas.
We discuss how business owners can take advantage of allowable expenses like Christmas parties and employee gifts without incurring hefty tax bills. Discover the importance of understanding HMRC's trivial benefits rules and how they can be leveraged to improve employee satisfaction and motivation.
Listen in as Simon humorously recounts his personal experience with staff entertaining expenses and learns the nuances of keeping within the £150 per head allowance for company events. Claire, a seasoned finance director and chartered accountant, provides a clear breakdown of the regulations and offers creative ways to utilise these benefits throughout the year.
Tune in to this episode to ensure you and your employees enjoy the season of giving while keeping your business financially sound.
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⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe
VALUABLE RESOURCES
Website
YouTube
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 success of Donald Trump, examining the key strategies and lessons that business owners can learn from his journey to the White House. Despite the divisive opinions surrounding him, Trump's campaign offers insightful takeaways for those looking to grow a financially successful business.
Join us as we explore the importance of repetition in messaging, leveraging other people's audiences, and embracing innovation to stay ahead in the competitive market. We discuss how budget isn't everything and how strategic thinking can help smaller businesses compete with industry giants.
We also highlight the significance of surrounding yourself with experts and the power of being bold in your business decisions. These insights are not only applicable to political campaigns but are also crucial for business leaders aiming to inspire and lead their teams effectively.
Whether you're a Trump supporter or not, this episode is packed with valuable insights to help you navigate the complexities of running a successful business. Don't forget to share your thoughts with us on LinkedIn or via email at [email protected].
⭐ 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
VALUABLE RESOURCES
Website
YouTube
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 delve into the intriguing world of salary sacrifice; when, why, and how to make the most of it.
Salary sacrifice is a strategy that allows employees to exchange part of their salary for non-cash benefits. Claire breaks down the benefits, the impact of optional remuneration introduced in 2017, and the specific scenarios where salary sacrifice can still offer significant savings, such as electric vehicles and pensions. Learn about the potential implications on employees' net pay, mortgage applications, and long-term financial planning.
Don't forget "Talent is hitting a target no one else can hit. Genius is hitting a target no one else can see"
⭐ 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
VALUABLE RESOURCES
Website
YouTube
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.
In this special episode, Claire and co-host Simon provide a comprehensive analysis of the recent UK budget. They discuss the economic climate, political reactions, and the implications for business owners. Despite the challenging economic indicators, Claire and Simon bring clarity to the budget's impact on businesses, highlighting both the positive and negative aspects.
Discover how changes in national minimum wage and employers' national insurance contributions will affect your business. Claire breaks down the details, offering insights into how these changes could impact your costs and decision-making. She also discusses the potential effects of capital gains tax adjustments and the importance of understanding employment allowance increases.
Don't miss the opportunity to get a free tool designed to help you calculate the financial impact of the budget on your business.
Free Budget Calculator - Email [email protected]
⭐ 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
VALUABLE RESOURCES
Website
YouTube
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.
In this episode, we explore the art of discounts and promotions and how a misstep could cost you millions. Imagine losing £20 million due to a discounting error! We delve into the infamous Hoover promotion debacle, where a seemingly brilliant marketing strategy went disastrously wrong, costing the company dearly and impacting its brand.
Learn the critical steps to avoid similar pitfalls in your business. Claire shares invaluable tips on understanding the true impact of discounts on your profit margins and why it's essential to know your numbers. Discover how to craft promotions that not only attract customers but also maintain profitability.
We also discuss the importance of having the right terms and conditions in place, such as the right to withdraw, to protect your business from unexpected outcomes. Additionally, Claire emphasises the power of setting clear targets and using the "power of three" to ensure your promotions are aligned with your business goals.
⭐ 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
VALUABLE RESOURCES
Website
YouTube
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.
This week on the podcast, we dive into the topic of pensions. Are they just another tax on the business owner, or is there more you need to be considering? Claire Hancott shares her expert insights and breaks down the complexities of auto-enrollment, eligibility, and the various pension schemes available to employers and employees alike.
Claire explains the ins and outs of pension contributions, the difference between eligible and entitled workers, and the financial responsibilities of employers. We also touch upon the moral dilemma of whether employers should do more to educate their employees about making the most of their pension schemes.
If you feel like your business may have outgrown your current accountant, consider reaching out to Claire and the team at Profit Cash Growth for a free discovery call.
⭐ 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
VALUABLE RESOURCES
Website
YouTube
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.
This week's episode is dedicated to the crucial topic of business exits. Claire shares a real-world example of a business owner contemplating retirement and evaluates three potential exit routes: selling the business, keeping it with a new management team, or shutting it down. Each option is analysed for financial viability and ease of execution, providing listeners with valuable insights into the complexities of planning a successful exit strategy.
Finally, the episode wraps up with this week's Profit Cash Growth Extra, where a fascinating podcast recommendation is shared. Co-host Simon highlights "On Brand with Alf and Rory Sutherland," a podcast that features insightful discussions with top CEOs and marketing experts. This recommendation is sure to enrich your understanding of marketing and business strategy.
If you think you may have outgrown your current accountant get in touch with Claire and the team at Profit Cash Growth to book a free discovery call now.
⭐ 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
VALUABLE RESOURCES
Website
YouTube
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.
In this week's episode, we dive into the five essential business numbers you need to master to drive your business towards increased profits, improved cash flow, and sustained growth.
Join hosts Simon and Claire as they explore the critical metrics every business owner should track. They discuss the importance of turnover, gross profit, overheads, operating profit, and profit after tax, providing insights into how each of these numbers impacts your business's financial health.
Listeners will also enjoy a lively discussion on the challenges of managing overheads, setting realistic profit targets, and the importance of understanding adjusted EBIT for a true valuation of your business. Simon and Claire emphasise the significance of selling more and charging appropriately to drive profitability, rather than just focusing on cost-cutting measures.
⭐ 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
VALUABLE RESOURCES
Website
YouTube
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.
In this week's episode, we dive into several exciting topics. First, we discuss our recent transition to an electric car, exploring the financial and environmental benefits. We also delve into the current state of the electric vehicle market, comparing major players like Tesla and BMW...
Next, we provide an in-depth analysis of the best accounting systems for your business. Our finance director and co-host, Claire Hancott, shares her expert insights on popular platforms such as Xero, Sage, QuickBooks, and ClearBooks. Discover which system might be the best fit for your business needs and why.
⭐ 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
VALUABLE RESOURCES
Website
YouTube
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 podcast currently has 43 episodes available.