The UK Tax and Accounting Podcast from I Hate Numbers:

Welcome to another weekly episode of ‘I Hate Numbers’.  The podcast that wants you to get acquainted with your best Business Friend.  The friend that won’t lie to you, the friend that you need in times of turbulence, times of calm and times of prosperity.  That friend is your numbers.

Where profit is, loss is hidden nearby, Japanese Proverb.

In this week’s podcast I look at profit, and then go one step further and talk Gross profit and Net Profit.

Your business journey map should have profit as a destination point.  If your destination is set for sales alone, then change your route or abandon your journey, it’ll end in tears otherwise.

Cash is pretty important as well, sales though, well it’s like ‘all fur coat and no knickers’

In the world of numbers Gross doesn’t mean unpleasant or disgusting - though making a rubbish gross profit is. In this podcast I talk about Gross Profit and the relationship it has with Net Profit.

When you set your numbers dial to profit, refine the calibration and mark it in terms of Gross and Net Profit.

Gross Profit and Net Profit, understand them and keep an eye on them if you want your business to carry on, survive and thrive.  If you don't do this then you are missing a trick, and your business can suffer and lose money

“Don’t waste all your energy and focus on sales alone, shift your thinking to think about your profits” Mahmood Reza

Who doesn’t love making a sale? I certainly do.  It’s like a legal dopamine rush, that elation and feeling of happiness.  Be very aware though.  If you are not making profits, then that feeling of happiness can quickly make you feel like you want to pull the head off  a teddy bear, or punch Bambi.

If that trend continues then all those dreams of yours will stay unrealised, unfulfilled and in the distant horizon.

Think profit, more than sales if you want to make your business to survive and thrive.

A virtual high five from me for listening. Subscribe to the podcast so you don’t miss an episode.

https://podcasts.apple.com/podcast/proactiveresolutionss-podcast/id1500471288

https://play.google.com/music/m/I3pvpztpjvjw6yrw2kctmtyckam?t=I_Hate_Numbers

https://open.spotify.com/show/5lKjqgbYaxnIAoTeK0zins

https://www.stitcher.com/podcast/proactiveresolutionss-podcast

https://tunein.com/podcasts/Business--Economics-Podcasts/I-Hate-Numbers-p1298505/

Welcome to today’s episode of I Hate Numbers.   When you are in the eye of a financial storm what’s the one major thing that’s going to get your business through it.  That one thing, that protection, that comfort blanket, that financial lifeboat?  Well let me tell you, that one thing is cash, not profits.  Today we’re going to have a look at cash, how to build your own cash story, and connect to your best business friend that won’t lie to you, your Numbers!

None of us have time machines, or crystal balls that are 100% accurate, if you do then drop me a line, I’d love to hear more.  However, not even taking even a peek into your business future may be understandable, but it’s not sensible.   Looking ahead, certainly in number terms is always going to be a challenge.   Figuring out the cash coming in, the cash going out and what you’re left with is what you need to do.  If you don’t do that, then however awesome your business is, it won’t survive and thrive.

  Build your future cash story is based on

Once you look at things in that way, it all becomes easier

When you have built your cash forecast, take a step back and check out what it’s saying.  Once your see what your Numbers, your best business friend is saying then you can make beautiful and meaningful business decisions.  If some months (or weeks) look tough, then you have options; if things look positive, you have options.

You know only too well that running your business means that there are times we must put those big girl/boy pants on.  Your cashflow forecast, will help you decide when that time is to wear those pants.

Grab a coffee, keep something stronger to later.  Start looking at your cash future and help navigate your business through choppy waters, and not just when it’s calm and warm.

I love doing this podcast and sharing my love of Numbers with you.  I’d love it if you could help me spread that Number love and share with others.

• Why cash is important for business continuity, and growth
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• How cash forecasting puts you in the driving seat of your Business
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• The approach to building your own cash story
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• Developing your own Numbers confidence and decisions
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• Take more control of your numbers to help make money

https://podcasts.apple.com/podcast/proactiveresolutionss-podcast/id1500471288

https://play.google.com/music/m/I3pvpztpjvjw6yrw2kctmtyckam?t=I_Hate_Numbers

https://open.spotify.com/show/5lKjqgbYaxnIAoTeK0zins

https://www.stitcher.com/podcast/proactiveresolutionss-podcast

https://tunein.com/podcasts/Business--Economics-Podcasts/I-Hate-Numbers-p1298505/

Welcome to today’s episode of I Hate Numbers.   Today we’re going to have a peek at some of the language that Accounts, and Finance people use.  It can be an alien language if you are a stranger in the Number’s world.  I am learning the ropes of podcasting, and enjoying the experience and sharing the world of Numbers with you

Buzzwords and Jargon are useful shortcut words.  Let’s be honest, all businesses have them.  However, if we don’t understand the buzzwords, we may miss a trick, become disconnected from the power of numbers, and would rather watch paint dry.  Let me share something with you, once you get to decipher the language, a whole new world of possibility opens.

In our business, a whole bunch of things are going on which have a financial impact.  Things are bought and sold, money comes into the bank, money leaves the bank, we buy things we don’t want to sell, we borrow money to make it happen.

Through the magic of Numbers filing, all this is put into categories and labelled.  Once we have organized and labelled our Numbers then we can produce Financial Statements.

So, what, you might be thinking?  I can see that, but there is a point.

I’ll walk through examples of things we engage in in our daily lives and then connect them into the world of business.  I’ll talk you through a story that looks at how much we are worth in financial terms and connect that to your business.

What are these?  Why do they matter, and what jargon and buzzwords are used to build this inhabit this statement?

The balance sheets is a mix of your business assets and business debt.  If you not sure what these are, it doesn’t matter I’ll take you through this.  I’ll even a few more buzzwords in, my Numbers language translator was switched on

• What’s a Balance Sheet and Why does it matter
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• The link between your wealth and your Business Balance Sheet
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• Buzzwords converted into normal speak
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• Build your Numbers confidence
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• Realise you know more than you think
• 
  
• Take more control of your numbers to help make money

https://podcasts.apple.com/podcast/proactiveresolutionss-podcast/id1500471288

https://play.google.com/music/m/I3pvpztpjvjw6yrw2kctmtyckam?t=I_Hate_Numbers

https://open.spotify.com/show/5lKjqgbYaxnIAoTeK0zins

https://www.stitcher.com/podcast/proactiveresolutionss-podcast

https://tunein.com/podcasts/Business--Economics-Podcasts/I-Hate-Numbers-p1298505/

Learn how to help your business survive and thrive by understanding your numbers. I really hate not getting paid on time without good reason. This episode is about what we can do to get people paid on time.

If you don’t pay on time, you are going to have people knocking on your door. The cash generation part of your business is your customers.

Don’t get sidetracked. Make sure you do your due diligence on the customer. If you can do a background check, do it. Make sure your customer knows what your business terms are. It’s important to communicate that clearly.

30 percent of business don’t communicate their terms from the start. Make sure you establish those guidelines from the very beginning. Also make sure you portray to the client that you take your credit terms seriously.

If you give a customer an invoice, you need to keep an eye on it. What is your follow up strategy? Have a system in your business that records, when, who and how much. At the end of the week, make sure you are looking at all your outstanding customers.

There is an inverse relationship of how many clients you have and who still owes you money. Bigger doesn’t necessarily mean better. If they are not paying on time, really consider how that is impacting your business.

Don’t differentiate thinking I like this person and I don’t like this person. Have a consistent system that you apply across the board. A business is a business. The longer you wait to be paid, the more likely it is you won’t get paid.

• Keeping cash flowing
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• Maintaining a positive relationship and getting paid
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• Policies
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• Tracking
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• Consistency
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• Tips and tricks

https://www.proactiveresolutions.com/

https://www.linkedin.com/in/proactiveresolutions/

https://www.instagram.com/mahmoodnumbersrockstar/

https://twitter.com/mahmood_reza

https://www.facebook.com/proactiveresolutions/

Learn how to help your business survive and thrive by understanding your numbers. The one thing you really need to keep an eye on is money in the bank.

Cash is important because if you have no cash in the pipeline and no access to cash, then you won’t be able to pay your suppliers or staff and you won’t be able to invest. Things will ultimately come to a halt. It doesn’t matter how big your business.

The one thing that determines survival over anything else, is that cash item. For any business, you need people to supply goods and services to you.

The main source of cash should be money that you draw or money that you borrow. There is a risk there involved to invest for profit later. You may have items you don’t actually need any more that you wish to sell. The core of cash should come from your customers. Customers are the one’s that are paying your bills.

Get more acquainted with looking at your company’s bank accounts. Look at the items going in and out of that bank account. Then you can determine what is necessary.

Remember when you look at your bank balance, there may be times that things look very healthy. When looking at that money, how much of it is actually yours?

Learn more about cash being the lifeblood of your business, not being scared of what’s going on with cash and how to be more aware of your numbers during this episode.

• What’s been important to me in my business?
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• Cash in your business
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• Connecting closely with your numbers
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• The future prosperity of your business
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• Generating future business
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• Understanding payments and commitments

https://www.proactiveresolutions.com/

https://www.linkedin.com/in/proactiveresolutions/

https://www.instagram.com/mahmoodnumbersrockstar/

https://twitter.com/mahmood_reza

https://www.facebook.com/proactiveresolutions/

Welcome to episode number one of ‘I Hate Numbers’. My podcast is for business owners, arts and social enterprises who want to improve their money mindset, make more profit, save time and tax. This is a jargon and BS free podcast, with you the listener in mind.

I’m one of nine kids. I knew I wanted to do something to be more in control of my life and myself. My first paid career was in teaching. When you’re a teacher, people think you can’t do anything impactful. Then I got a job in industry and got immersed in the business world.

26 years ago I made my second pivot and I started my own business in my bedroom. I’ve worked internationally and in a number of different sectors since then. I have a good client base here across those sectors. No matter who you are, you can’t get away from those numbers. It doesn’t matter how big your business is, numbers are important.

Numbers are your best friend in business.  Your numbers will not lie to you.  They will be there for you in the good times, as well as the bad.  Getting closer to your numbers relieves anxiety, improves your wellbeing, gives you power and control over your business future.

Do not lose sight of the fact that your business, private, social enterprise, or charities must make profit.  If making profit is not one of your objectives, you will not survive and have sustainable impact.

I Hate Numbers is your friend and companion to help you with your business past, present and future

• How numbers impact you
• How to have a better business
• Why people hate numbers
• Tedious aspect of numbers
• Giving energy back into your life

https://www.proactiveresolutions.com/

https://www.linkedin.com/in/proactiveresolutions/

https://www.instagram.com/mahmoodnumbersrockstar/

https://twitter.com/mahmood_reza

https://www.facebook.com/proactiveresolutions/