Profit Cash Growth

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.

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

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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.

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.

In this week's episode of the Profit Cash Growth Podcast, we delve into cash flow challenges facing business owners. Claire shares her insights on navigating cash shortages and the practical steps business owners can take right now.

For business owners on the brink of a cash flow crisis, this episode outlines straightforward approaches to addressing the situation, from renegotiating with clients and suppliers to utilising government systems for financial relief. Also covered are potential pitfalls and emergency cash solutions, providing a comprehensive survival kit for any financial bottleneck. Tune in for this informative session aimed at empowering business owners to handle unexpected financial hurdles with confidence.

⭐ 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 the intriguing question: Is your P&L lying to you? Join hosts Claire Hancott, a seasoned finance director and chartered accountant, and Simon for a deep dive into the complexities of profit, cash flow, and business growth.

As you navigate through the financial maze, Claire explains why focusing solely on the profit and loss statement can be misleading. She unveils the full financial picture you need by considering cash flow statements and balance sheets. Discover how cash, not profit, is key to business growth, and learn practical strategies to improve cash management and drive business success.

⭐ 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

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 week's episode, we delve into the intriguing world of business metrics with a particular focus on Revenue Per Employee (RPP). Aimed at six and seven-figure business owners, your host is joined by co-host Claire Hancoctt, a seasoned finance director, chartered accountant, and entrepreneur, to explore how to drive profitability and enhance business growth.

Listeners will gain practical insights as Claire provides detailed industry averages and real client data to contextualise how RPP can signal efficiency, profitability, scalability, and even potentially appeal to investors. The hosts also offer strategic advice for small business owners on utilising RPP alongside other metrics to drive informed business decisions.

To Get Your FREE Copy of The PROFIT BY NUMBERS book go to https://www.profitcashgrowth.com/book

⭐ 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

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 unveil six game-changing technologies that promise to redefine your financial strategy. We deep dive into essential tools that make up a potent tech stack empowering businesses to streamline operations and enhance profitability.

From comprehensive accounting systems like Xero to powerful add-ons such as Dext, Apron, and Mayday, learn how these modern solutions can significantly improve efficiency. Find out why being tech-savvy is now a crucial component for accountants and how these innovations can help businesses stay ahead of the curve.

This episode is packed with practical insights and expert advice for those ready to embrace technology in their business operations, providing a clear pathway to grow, innovate, and succeed in the ever-evolving financial landscape.

⭐ 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

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 essential strategies for business owners, particularly those experiencing rapid growth and managing significant cash reserves. We address a common conundrum for successful businesses: what to do with excess cash. Claire Hancott outlines six strategic options, from buying commercial property and paying down debt to reinvesting in your own business or considering traditional investments outside your core operations. Each strategy is unpacked with potential benefits and considerations, offering an invaluable roadmap for prudent financial management.

Whether you're overwhelmed by too much cash or eager to plan for continued growth, this episode provides actionable insights and expert advice on leveraging your financial surplus to achieve long-term success. Tune in and transform your finanical strategies today!

⭐ 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

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.

Welcome to this week's episode of the Profit Cash Growth Podcast, where we take a nostalgic journey back to 1995 to explore what it was like to run a business during that era. For all the 'Back to the Future' fans, we jump into our time machine to understand the changing dynamics in the business world over the last three decades.

Join us as we unpack the key differences between starting and sustaining a business then and now. We explore the role of taxes, regulatory changes, and technology—all crucial factors influencing how businesses thrive today versus in the past.

Our discussions decide whether it's truly easier to start a business in today's world compared to 1995, examining the challenges and advantages brought about by advancements in technology and new regulations. Claire and Simon engage in a thoughtful debate about entrepreneurship's evolving landscape, offering insights for current and aspiring business owners.

⭐ 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

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 week's episode we delve into the dynamic world of business pricing strategies. As a finance director and chartered accountant with extensive experience managing a 500 million-pound revenue, Claire sheds light on the intricacies of pricing and its impact on company growth.

Claire unpacks five essential insights into setting the right price, including the importance of customer segmentation, the fallacy of sticking to cost-based pricing, and the need for an adaptive pricing system.

The conversation also touches on how businesses can protect their profitability while maintaining customer satisfaction, showcasing real-world examples and offering advice tailored for business owners looking to refine their pricing tactics.

⭐ 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

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 week's episode, the conversation unveils a significant shift in the UK's wage landscape over the past 25 years, examining how the minimum wage increase has not proportionally lifted the average wage. We question whether this wage compression is disincentivising workers and stalling motivation across the board, potentially contributing to the nation's lag in productivity growth.

Furthermore, the episode highlights strategic insights for both business owners and employees on navigating this challenging economic environment. From enhancing non-monetary incentives to aligning salaries realistically, the discussion offers practical advice to keep ambitions alive and drive organisational success.

⭐ 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

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.