The healing power of fitness goes far beyond physical benefits—for today’s guest, it’s a form of self-expression and a celebration of what the body can do. In this episode, host Nora McInerny sits down with fitness personality Ivylis Rivera, who shares her deeply personal journey of navigating life with Chronic Migraine while holding onto her passion for movement. Ivylis opens up about the struggle of staying active while facing the fear of triggering a headache or migraine attack and the resilience it takes to keep pushing forward—a resilience that carried her through the challenging journey of finding a Chronic Migraine treatment plan that worked for her. Join Nora and Ivylis as they explore the concept of “soft living,” a philosophy Ivylis embraces—staying active, listening to your body, and building trust in oneself. Click here for Product Information, including Boxed Warning and Medication Guide, or visit https://abbv.ie/prescribing_info See omnystudio.com/listener for privacy information.…
This is the podcast for 6 & 7 figure business owners who are looking to grow a financially successful business. Claire Hancott is a Finance Director, Chartered Accountant and Entrepreneur and every week we explore guidance and frameworks designed to help you increase your profits, improve your cash flow and grow your business.
This is the podcast for 6 & 7 figure business owners who are looking to grow a financially successful business. Claire Hancott is a Finance Director, Chartered Accountant and Entrepreneur and every week we explore guidance and frameworks designed to help you increase your profits, improve your cash flow and grow your business.
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.…
This week we dive into the critical four-step process for generating effective management accounts, shedding light on everything from efficient bookkeeping to taking smart actions derived from these financial insights. The discussion underscores the importance of adapting your financial reports to your business’s evolving needs and leveraging these insights to make informed, strategic decisions. This episode is a must-listen for entrepreneurs ready to harness the power of accurate and strategic management accounts to propel their businesses 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 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 engaging episode we dive into the pressing question: is this the end for Google as we know it? We explore the potential downfall of Google's traditional business model in the face of rising AI technologies like ChatGPT and Google Gemini, which are revolutionising how we perceive and interact with search engines. We discuss the critical business implications of AI advancements, debating the sustainability of Google's advertising revenue in this new landscape and the strategies businesses must adopt to remain relevant in an AI-driven future. Tune in to discover the intriguing intersections of technology, business, and happiness that define our modern world. ⭐ 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 episode, we lay out the four essential systems that underpin a successful business: marketing, sales, fulfillment, and administration. Each system is dissected to highlight its importance, with practical advice on systemising processes for efficiency and scalability. The conversation touches on the separation of sales and marketing roles, the significance of lead nurturing, and the balance between automation and personalisation. Listeners gain insights into the nuances of systemised service delivery for both product and service-based businesses, stressing the need for quality control and customer feedback loops. Additionally, the episode emphasises the importance of administrative systems like finance, HR, and technology in supporting business operations and ensuring strategic growth. Join Claire and Simon as they provide actionable frameworks and strategies to help business owners enhance their operations, increase profits, and achieve sustainable 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 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 wield our 'business chainsaw' and explore strategic ways to legally optimise your business through VAT-saving strategies. Learn about the benefits and intricacies of splitting your business into separate entities to minimise tax liabilities, with real-world examples and expert insights. ⭐ 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 explore a fascinating strategy employed by Ryanair, Europe's largest airline, renowned for its growth amidst global crises. Discover how CEO Michael O'Leary's unique, contrarian approach to buying aircraft during economic downturns has driven Ryanair's expansion for over three decades. Could this bold, risk-laden strategy be the key to success for small business owners? Learn the critical importance of liquidity and the potential pitfalls of trying to time markets. Claire shares anecdotes and advice on why doing what the majority isn't, could sometimes be the strategy for businesses looking to stay ahead. ⭐ 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 episode we explore the intricacies of drawing the most efficient salary as a director from your business. Claire Hancott, a finance director and chartered accountant, explains the key changes impacting director salaries starting from April 2025, including shifts in employer national insurance, employment allowance, and corporation tax rates. Simon and Claire break down various thresholds like the lower earning limit, primary threshold, and secondary threshold, guiding listeners through strategic salary structuring for optimal tax efficiency. ⭐ 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 weeks episode is an eye-opening discussion on the Apprenticeship Levy, a government scheme that allows small businesses to tap into significant savings on employee training. Claire details how this initiative makes advanced training programs accessible to businesses without hefty costs, explaining how companies can cover only 5% of training expenses, with the government subsidising the rest. This scheme applies widely across various skills and qualifications, transforming perceptions of traditional apprenticeships and offering new avenues for professional development. Whether your company seeks skills enhancement or leadership training, this discussion reveals how this levy can be a game-changer for your business growth strategy. ⭐ 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.…
If you're striving to balance cash flow with your business's growth, this episode is a must-listen as we dive deep into the dynamics of cash flow versus business growth. We unravel the complexities businesses face in maintaining a steady cash flow while pursuing expansion. Discover practical techniques for mapping marketing and sales funnels, measuring conversion times, and understanding the impact on cash flow cycles. Clare shares her expertise on creating strategic financial plans that align with growth objectives while mitigating risks. Additionally, tune in for a lively chat about the latest industry news and quirky segments on topics ranging from driverless buses in Milton Keynes to the evolving employment rights bill. Don't miss the excitement as we explore ways to enhance your business strategies and achieve sustained financial 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.…
This week, we dive deep into the fascinating world of Mars Corporation and their secret weapon of success – ROTA (Return on Total Assets). Learn how this financial metric has played a crucial role in Mars' growth and discover whether it's something your business should consider implementing. Claire unpacks the intricacies of using ROTA and discusses alternatives that may be more appropriate for smaller enterprises, emphasising the importance of bespoke financial strategies. ⭐ 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 episode, Claire explains the critical importance of understanding and executing dividends properly. Learn about the potential pitfalls of unlawful dividends, the necessity of maintaining accurate financial records, and the legal responsibilities of business directors. With a focus on real-world applications, Claire advises how business owners can prevent financial mishaps by having the right financial team and systems in place. Gain insights into aligning your dividend practices with profitability and cash flow, ensuring that your financial strategies are both lucrative and legally compliant. ⭐ 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.…
Have you ever wondered how business rates are calculated? Join us as we uncover the mysteries of business rates. We'll share a comprehensive guide on how businesses can navigate the complexities of business rates, a crucial cost consideration for any growing company. Learn practical tips and strategies for managing your business's financial health, ensuring you remain competitive and profitable in these uncertain times. ⭐ 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.…
Is it time to reveal your company's financials to your entire team? In this week's episode, we delve into the concept of full financial transparency and its impact on business growth. Join your host and chartered accountant Claire Hancott as she explores the advantages of sharing your company's financial performance openly. This episode is a treasure trove for six- and seven-figure business owners aiming to boost profit, improve cash flow, and cultivate a forward-thinking workplace culture. Learn about the benefits of transparency, such as enhancing employee engagement, better decision-making, and fostering a united vision for success. Discover practical steps for sharing financial data effectively, ways to overcome common challenges, and how transparency can transform scepticism into a shared path to financial success. Whether you're contemplating this radical approach or looking for refined strategies to drive your business forward, this episode is a must-listen. ⭐ 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.…
Get Your Copy of The Ultimate Sales Spreadsheet For Free Here: https://www.profitcashgrowth.com/salesmatrix In this week's episode, we reveal the ultimate sales spreadsheet, a transformative tool designed to map out and maximise your sales opportunities with existing customers. For business owners, the revelation that better sales opportunities often lie right under your nose is both eye-opening and empowering once we give you the tools to maximise them. Discover how current customer engagement can lead to higher profitability with less effort than seeking new clientele. ⭐ 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's episode is all about mastering the nuances of supply and demand to optimise your business growth. Listen in as they break down the significance of understanding capacity within different business departments and the importance of aligning these with your sales objectives. They delve into essential tips, like recognising when to add additional resources and how to balance internal processes to maintain operational harmony. The episode also touches upon practical advice for leveraging modern technology to improve operational efficiency, with a focus on how drones can revolutionise certain business tasks. As always, Simon and Claire aim to equip you with actionable insights to scale your business successfully. Whether you're keen on refining your business strategy or looking for practical tools to overcome supply and demand hurdles, this episode is packed with valuable advice to guide your business to new heights. ⭐ 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, the ultimate guide for six and seven-figure business owners seeking financial success. This week learn about innovative strategies for overcoming cash flow issues, focusing on vertical and horizontal integration within your supply chain. Whether you manage an estate agency, transport business, or any other sector, these insights are tailored to help elevate your financial framework and ensure sustainable growth. Tune in for practical advice, real-world examples, and a touch of humour as Simon and Claire share their expert knowledge and personal experiences in driving business success. Whether you're aiming to optimise cash flow or simply enjoy engaging business conversations, this episode is a must-listen. ⭐ 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 as we step into January, we bring contrasting perspectives on the new year's hustle, personal resolutions, and maintaining a consistent business mindset. Whether you're a January-lover or loather, you'll gain insights into making every month count in your entrepreneurial journey. The episode deep dives into the three core numbers offering practical guidance on how to plan for your business growth this year. Avoid overcomplicating your financial planning with exhaustive documentation and instead, focus on sales, manage your profit percentage, and keep a close eye on cash generation. This compelling conversation equips you with strategies to set realistic targets and stretch your financial goals, ensuring a robust start to the new year. ⭐ 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.…
As we kick off 2025, we're taking a reflective journey through 2024 to highlight the most insightful and impactful moments for six and seven-figure business owners aiming for financial success. Alongside finance director, chartered accountant, and entrepreneur Claire Hancott, we revisit the transformative episodes that provided essential guidance on boosting profits, improving cash flow, and driving business growth. This episode doesn't only commemorate the past but also sets the stage for a promising 2025 with preview discussions about understanding crucial business numbers and simplifying your planning strategies for sustainable growth. Tune in next week as we delve into the three essential numbers every business should plan around for a prosperous year ahead. Enjoy our in-depth rewind of 2024’s podcast highlights—from decoding salary sacrifice benefits to navigating the dilemma of reinvesting in your business versus enjoying its rewards. These episodes not only received the highest number of downloads but also provided profound learning moments for both business growth experts and entrepreneurs. ⭐ 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.…
Welcome to this special episode of the Profit Cash Growth Podcast, your go-to show for insights into growing financially successful businesses. This week we present the unique Business Quizmas Special, a delightful blend of business concepts and Christmas trivia designed to entertain and inform six and seven-figure business owners like you. In this festive edition, Claire and Simon embark on a fun-filled journey through a Christmas-themed business quiz, where they exchange quirky questions and fascinating facts about the intersection of business and holiday traditions. From the surprising origins of iconic customs to revelations about Christmas spending and consumption, this episode promises to amuse and enlighten. So, cozy up with your favorite cup of hot cocoa, relish the joyous atmosphere, and indulge in this special Boxing Day episode that celebrates the synergy of profit, cash, growth, and the holiday season. Merry Quizmas and a very happy New Year to all our listeners! ⭐ 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.…
This week on the Profit Cash Growth Podcast, we delve into the lucrative world of capital allowances—a vital tool for commercial property owners and aspiring acquirers. Hosted by financial expert Claire Hancott, the episode aims to shed light on how business owners can maximise profits, enhance cash flow, and drive business growth through strategic financial moves. Focusing on capital allowances—an untapped goldmine in commercial property investment. Learn how this often-overlooked area can yield substantial tax relief, going beyond the basics to unveil opportunities you may not even know existed in your property investments. ⭐ 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.…
This week we dive into the art of sustaining business success even in inflationary times. Discover three critical inflation-proof metrics that will empower six- and seven-figure business owners to enhance profits and cash flow while growing their businesses. We dive deep into inflation's effects on pricing versus product value through a historical lens of McDonald's menu pricing evolution since 1974, exploring fascinating facts about product pricing and economic contributions. In this episode we cover valuable advice on leveraging pricing, product quantity, and customer volume as strategic levers for business growth. Whether you're a high-volume seller or a bespoke service provider, uncover tailored strategies to optimise profit potential without succumbing to inflationary pressures. ⭐ 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.…
This week we delve into a crucial yet often overlooked aspect of business growth: the finance function. How can you tell if that unsettling feeling in the pit of your stomach is due to a missing finance function? Join us as we explore this vital topic. Claire Hancott, a seasoned Finance Director shares her expert insights on the essential roles within a finance department. Claire explains how each role contributes to a well-oiled financial machine, from tax advisors to bookkeepers, year-end accountants to finance directors. Discover why having these roles filled by the right people is crucial for your business's growth and stability. Moreover, we feature a thought-provoking clip from Alex Hormozi's podcast, illustrating the stress business owners face when their finance function is underdeveloped. Learn how a robust finance function can alleviate this stress and empower you to make informed decisions. ⭐ 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.…
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. ⭐ 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 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. ⭐ 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 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 marketing@profitcashgrowth.com . ⭐ 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 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 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.…
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 marketing@profitcashgrowth.com ⭐ 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.…
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 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.…
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 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.…
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 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.…
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 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.…
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 Facebook LinkedIn 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 kick things off with a light-hearted discussion on pub culture and pint prices, reminiscing about the days when two pints cost less than a fiver. This nostalgic trip sets the stage for our main focus: Jeremy Clarkson’s newly opened pub, The Farmer's Dog. We explore the unique challenges and humorous anecdotes from Clarkson's venture, including his amusing yet insightful commentary on British bureaucracy and regulation. We then dive into a fascinating segment on how Clarkson set his pub prices using AI, touching on the broader implications of content marketing and business profitability. Claire and Simon also dissect the practicalities of running a business with 100% British produce, discussing the financial and operational challenges that come with it. Transitioning to our deep dive, we introduce a powerful feedback tool called "Stop, Start, Continue." This simple yet effective method helps you analyse and improve your business practices by evaluating what to stop, start, and continue doing. Simon and Claire share personal anecdotes and practical examples, including their experience at a local craft ale and wine bar, to illustrate how this technique can provide balanced, actionable feedback. ⭐ 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 Facebook LinkedIn 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 discuss the surprising global movement of millionaires and provide a simple checklist to help you determine if your bookkeeper is effectively managing your books. Discover the top countries attracting the wealthiest individuals and those experiencing significant millionaire exodus. Learn why it's essential to keep your financial records accurate and how to ensure your bookkeeper is doing their job correctly. We also share a personal story about a delightful breakfast experience in Wales and the importance of always thinking about how to improve business operations, even during holidays. Stay tuned for next week's episode, where we'll introduce a concept for quickly analysing your business. If you would like a copy of our month-end checklist to help ensure your books are balanced, please email us at info@profitcashgrowth.com . ⭐ 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 Facebook LinkedIn 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.…
Welcome to another episode of the Profit Cash Growth Podcast, the ultimate guide for six and seven-figure business owners who aim to build financially successful enterprises. In this episode, hosts Claire Hancott, a finance director, chartered accountant, and entrepreneur, dive deep into the world of director's loans and how you can potentially earn £1,000 a year tax-free from your business. Claire and her co-host begin the episode with a light-hearted discussion about their recent mishap in booking a holiday for the wrong weekend, which led to an unexpected podcast recording session. They also share a humorous anecdote about a disappointing breakfast experience, adding a personal touch to the episode. The episode takes a serious turn as Claire discusses a shocking news story involving Disney. A tragic incident where a woman died due to a food allergy at a Disney theme park is examined, highlighting the legal and moral complexities of terms and conditions. The hosts discuss how signing up for a Disney Plus subscription unknowingly waived the family's right to sue Disney, sparking a debate on the ethics of lengthy and complicated legal agreements. Moving on to the main topic, Claire delves into the intricacies of director's loans, specifically focusing on how business owners can charge interest on these loans to gain tax-free benefits. She explains the concept of a director's loan in credit, where the business owes money to the director, and how interest on these loans can be tax-free up to £1,000 annually. The episode covers the following key points: The importance of charging interest on director's loans. How to set a fair interest rate, using HMRC's base rate plus 2% as a benchmark. The benefits of paying interest annually to simplify tax reporting. Comparing the tax implications of taking money out as interest, salary, or dividends. How recent changes in corporation tax rates affect these calculations. The episode concludes with a review of the movie "Tetris," available on Apple TV+. The hosts discuss the fascinating and dramatic story behind the creation and distribution of the Tetris game, including its origins in Russia and the intense legal battles over its rights. The film offers a mix of business intrigue, historical context, and personal drama, making it a must-watch for anyone interested in the intersection of technology and politics. Don't miss this insightful episode filled with practical advice, shocking news, and entertaining reviews. If you're looking to optimise your business finances and stay informed, this episode is for you. ⭐ 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 Facebook Instagram TikTok LinkedIn 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 we kick things off with a personal anecdote about a recent treacherous road trip, setting the stage for a deeper discussion on the state of infrastructure. Claire and her co-host reflect on how deteriorating road conditions have become a growing concern, impacting even short trips. The conversation then shifts to a shocking news story: British Airways has stopped flying to Beijing, one of the world's largest economies. The reason? Sanctions on Russia mean European airlines can no longer fly over Russian airspace, resulting in longer, more expensive flights. Claire explores the business implications of this, revealing how these sanctions are inadvertently benefiting Chinese airlines, which continue to fly over Russia. This has led British Airways to partner with China Airways to service the route, effectively shifting British business profits to China. In this week's deep dive Claire introduces the concept of Michael Porter's "barrier to entry," a framework that can help small businesses become more profitable and saleable. She explains how businesses can create competitive advantages, such as capital outlay, cost savings, regulatory protection, and market access. The episode wraps up with a recommendation for the "Acquired" podcast, which delves into the stories of major companies like Nintendo, Sony, and Starbucks. Clare and her co-host share their favourite episodes and discuss the valuable business insights they've gained from listening. Don't miss this episode filled with practical advice, intriguing news stories, and valuable recommendations to help you grow and protect 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 VALUABLE RESOURCES Website YouTube Facebook Instagram TickTok LinkedIn 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 episode dives into this week's intriguing news story: the surging demand for prime office spaces. Big businesses are now looking up to six years in advance to secure premium office locations. Claire and Simon dissect the reasons behind this trend, including energy efficiency regulations and the competitive labour market, which is driving companies to invest in high-quality office environments to attract and retain talent. The main segment of the episode challenges conventional wisdom about the average order value (AOV). Claire argues that while AOV is a crucial metric for many businesses, it may not be as relevant for service-based businesses or those with fewer, higher-value transactions. She discusses the limitations of AOV and offers alternative KPIs that might be more beneficial for different business models. Key points include the relevance of monthly recurring revenue, customer lifetime value, and other metrics that better align with the specific needs of various types of businesses. Finally, the episode wraps up with a "Profit Cash Growth Extra" segment where Claire shares a small but impactful tech tip: connecting your bank to your Apple Wallet to display real-time balances on your credit and debit cards. This feature can be particularly useful for business owners who want to keep a close eye on their finances without switching between multiple banking apps. ⭐ 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 Facebook Instagram TickTok LinkedIn 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, we dive deep into the hidden costs of commercial land acquisition. Claire discusses a real-life scenario involving one of her clients who is considering buying a plot of commercial land. The episode explores the various financial and logistical challenges they face, including the costs of utilities, planning permissions, and the complexities of groundworks. Claire offers invaluable insights into the true costs and considerations of buying commercial property, especially for businesses that may lack the internal capacity to manage such a large project. In a fascinating discussion, Claire and her co-host reveal the potential pitfalls and hidden expenses of commercial land, emphasising the importance of strategic planning and the potential for distraction. They also touch on the broader economic context, such as the recent Bank of England interest rate cut and its implications for business owners. The episode wraps up with an intriguing Profit Cash Growth Extra segment focused on the surprising benefits of regular massages, especially for those who engage in weight training. If you're a business owner considering commercial property investment or simply looking for ways to enhance your personal and business well-being, this episode is packed with actionable insights and expert advice. Don't forget to check out the Profit Cash Growth website or YouTube channel to schedule a discovery call with Claire for personalised guidance on growing 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 VALUABLE RESOURCES Website YouTube Facebook Instagram TickTok LinkedIn 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.…
Welcome to another exciting episode where Claire and Simon dive into the fascinating world of driverless cars and the transformative impact they could have on our daily lives. This episode is particularly engaging as Simon shares his long-standing enthusiasm for autonomous vehicles and how they could revolutionise road travel by 2026. The discussion kicks off with Simon's vision of a utopian future where cars are not owned by individuals but are instead part of a vast, efficient network of driverless taxis. Imagine summoning a clean, electrically powered vehicle within seconds from an app, transforming wasted driving hours into productive or relaxing time. Claire adds depth to the conversation by sharing insights from her experience working on a project with a global electrical wholesaler, discussing the potential for town centre car parks to become charging hubs for these autonomous vehicles. In the deep dive segment, Claire introduces the Kittel principle, a lesser-known but critical issue concerning supply chain VAT fraud. Claire explains how businesses can unknowingly become liable for VAT fraud committed by their suppliers and offers practical tips for protecting your business. From basic supplier checks to implementing robust onboarding processes, this segment provides invaluable advice for business owners. Finally, Simon shares a book recommendation, "Taxtopia" by The Rebel Accountant, a fascinating read about the intricacies of tax avoidance and the broader tax system. This book offers an entertaining yet insightful look at how the tax laws often favor the wealthy, and it motivates readers to understand the tax landscape better. Don't miss this episode filled with forward-thinking discussions, practical business advice, and a touch of humour. Tune in to learn about the future of driverless cars and how to safeguard your business against VAT fraud. ⭐ 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 Facebook Instagram TickTok LinkedIn 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, Claire and Simon delve into the significant CrowdStrike IT outage that impacted major systems worldwide, including the NHS and airports. They discuss the irony of a specialised anti-virus company causing such a disruption and the broader implications of relying heavily on a few key tech players. This conversation extends into reflections on global economic shifts, drawing parallels with historical corporate changes and the potential future of tech dependency. The deep dive segment addresses a pressing issue for many businesses: dealing with customers who refuse to pay. Simon shares a personal story about a client who maliciously refused to settle a substantial bill. Claire provides a comprehensive guide on the steps to take when faced with non-payment, from understanding the reasons behind the refusal to the legal processes involved. They discuss the differences between handling B2B and B2C debts, the role of debt collection agencies, and the importance of clear communication and negotiation skills. The episode wraps up with a fascinating "Profit Cash Growth Extra" segment, introducing a unique tool: the timed padlock. Simon and Claire discuss how this gadget can help manage screen time, improve team meeting focus, and even control kids' access to sweets. They emphasise its potential to create a fun and engaging environment while promoting productivity and focus in both personal and business settings. Join Claire and Simon for an episode filled with practical advice, intriguing discussions, and a touch of European culinary delight. ⭐ 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 Facebook Instagram TickTok LinkedIn 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.…
Business Owners' Happiness: Fact or Fiction? In the news, we delve into a recent article from The Guardian, which claims that 91% of business owners are happy, compared to 82% of employees. We debate the validity of these statistics and discuss the possible reasons behind such high levels of reported happiness among business owners. Is it just a case of "the grass is always greener," or is there more to it? The Basics of Corporation Tax Confused about corporation tax? You're not alone. We break down the complexities of corporation tax rates in the UK, especially the new marginal rate relief for profits between £50,000 and £250,000. Claire provides a straightforward explanation to help you understand what you owe and whether it's better to pay yourself through dividends or salary. Managing Your Tax Bill Should you keep money aside to pay your tax bill, or is there a more strategic approach? We discuss the pros and cons of setting money aside versus reinvesting it into your business. Claire also shares her thoughts on the importance of having an accountant to help you navigate these financial waters. Growth vs. Tax Efficiency We tackle the age-old question: should you focus on reducing your profitability to lower your tax bill, or should you aim for growth and pay the fair rate of tax? Claire argues for a pro-growth mindset, emphasising the importance of making business decisions that are not hindered by tax considerations. Profit Cash Growth Extra: Health Cash Plans In this week's Profit Cash Growth Extra, we introduce you to the concept of health cash plans. Learn how these plans can complement private health insurance by covering additional costs like dental visits, physio appointments, and even the excess on your private health insurance. A small outlay can make a big difference and serve as a great employee perk. We hope you find this episode both informative and engaging. If you feel you may have outgrown your current accountant, don't hesitate to reach out to Claire and the Profit Cash Growth team at ProfitCashGrowth.com . ⭐ 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 Facebook Instagram TickTok LinkedIn 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, we kick things off with a nostalgic trip back to the 90s, discussing the recent comeback of pop group S Club 7 and their performance at Glastonbury. While opinions differ on their performance, we delve into a fascinating story about one of the band members, Lee, and how his wise investment in real estate during his pop career continues to pay dividends today. Shifting gears, we tackle a shocking news story about a 65-year-old business owner from Market Harborough who lost his entire pension to scammers. We detail how a self-invested pension scheme worth over a million pounds was intercepted and cashed out by fraudsters, highlighting the vulnerabilities and pitfalls of financial transactions via traditional methods like cheques. In our deep dive segment, Claire outlines four key indicators of a profitable business model, providing invaluable insights for both new business owners and those looking to scale: Ensuring you have enough profit to employ a manager or admin support for every four to five members of staff. Focusing on repeatability in your products or services to minimise risk and maximise efficiency. Covering your break-even point with recurring revenue or repeat customers to de-risk your business. Paying yourself a market rate salary plus shareholder dividends to ensure the sustainability and attractiveness of your business to potential buyers. We conclude this episode with our Profit Cash Growth Extra, emphasising the importance of leveraging website data and analytics tools. Claire and her co-host discuss how platforms like Twipler and Microsoft Clarity can provide insights into user behavior on your website, helping you optimize for higher conversion rates and better customer engagement. Tune in for a mix of nostalgia, crucial financial insights, and practical advice on building and maintaining a profitable business model. As always, don't forget to rate, review, and subscribe to the Profit Cash Growth Podcast to help others find this valuable resource. ⭐ 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 Facebook Instagram TickTok LinkedIn 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.…
Welcome to another insightful episode of the Profit Cash Growth Podcast, the go-to resource for six and seven-figure business owners striving to grow financially successful businesses. The episode kicks off with a surprising twist: a discussion about McDonald's iconic Big Mac. Simon reveals recent discreet improvements made to the Big Mac and Quarter Pounder, focusing on how these subtle changes enhance customer satisfaction without causing uproar. Claire and Simon explore the significance of continuous, small-scale improvements in business and how such incremental changes can lead to substantial gains over time. Next, the podcast transitions to a crucial financial topic: the difference between cash and equity in your business. Claire explains the concept of equity, how it accumulates through retained profits, and why it is essential for business owners to track. The discussion includes a real-life example of a business owner who had significant equity but limited cash flow, highlighting the importance of understanding and managing these financial metrics effectively. The episode wraps up with the Profit Cash Growth Extra segment, where Claire shares her experience with the Sky VIP app. She discusses the perks of being a Sky VIP member, including winning free concert tickets and accessing exclusive rewards. Simon and Claire also touch on the benefits of utilising reward programs like McDonald's Rewards to maximize value from everyday purchases. Join us this week for a blend of financial wisdom and practical tips, ensuring you're equipped with the knowledge to enhance your business operations and personal rewards. ⭐ 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 Facebook Instagram TickTok LinkedIn 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.…
Welcome to this week's episode of the Profit Cash Growth podcast, the go-to resource for six and seven-figure business owners aiming to grow a financially successful business. This week, Claire and Simon dive into a pressing issue facing small businesses: the skills gap. They discuss an article which highlights that UK small businesses are struggling in three main areas: digital marketing, financial management, and strategic planning. Claire offers her insights on why this gap exists and the challenges small business owners face in juggling multiple roles. The hosts also emphasise the importance of leveraging external expertise and investing in training and development, even on a budget. They discuss practical ways to bridge the skills gap, including using online resources like Udemy, and the necessity of thinking strategically about your business's future. In this week's Deep Dive segment, Claire shares her expertise on credit control processes and how these can be transformed into a sales tool. She explains the importance of assessing customer risk, setting clear terms and conditions, and proactively managing credit control to ensure timely payments. Claire provides actionable tips on raising invoices promptly, using automated statements, and maintaining regular communication with customers to resolve issues before they escalate. The episode wraps up with the Profit Cash Growth Extra segment, where Simon recommends the podcast "Good Bad Billionaire" by the BBC. This podcast offers concise biographies of billionaires, providing insights into their journeys and the traits that contributed to their success. Don't miss out on this episode filled with valuable advice and practical tips to help you navigate the skills gap and improve your business's financial health. Follow the Profit Cash Growth podcast for more insights and be sure to leave a review or send in your questions to be answered in future episodes. ⭐ 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 Facebook Instagram TickTok LinkedIn 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.…
Welcome to another insightful episode of the Profit Cash Growth Podcast, the go-to resource for six and seven-figure business owners aiming to grow a financially successful business. This week, Simon and Claire kick off the episode with a lighthearted discussion about the recent EU regulation that mandates bottle caps to be attached to the bottles, a rule aimed at improving recycling processes. They also touch on the typical British complaints about the weather, adding a touch of humor to the conversation. The news story this episode is the alarming increase in the tax gap, which is the difference between the amount of tax that should be collected and what is actually collected. Claire breaks down the complexities of the tax gap, explaining how it encompasses everything from self-assessment to VAT returns, and how innocent mistakes, tax avoidance, and tax evasion contribute to this gap. Shockingly, 60% of the tax gap is attributed to small businesses, making it a critical issue for entrepreneurs to understand and address. In the Deep Dive segment, Claire and Simon explore the pros and cons of using personal versus business credit cards for business expenses. Claire shares her expert advice on various aspects, including credit limits, interest rates, and the impact on personal credit scores. She also emphasises the importance of maximizing rewards and points, explaining how business owners can benefit from using personal credit cards while ensuring they comply with tax regulations. Additionally, Claire offers practical tips for managing team expenses, suggesting the use of prepaid cards for employees to control costs and streamline spending. She also touches on the importance of having a qualified accountant and the potential risks of scrimping on professional financial advice. The episode wraps up with this week's Profit Cash Growth Extra, where Claire highlights Small Business Saturday, an initiative introduced by Amex to support small businesses. She explains how business owners can register for free, gain free marketing, and potentially benefit from Amex's promotional offers, encouraging listeners to sign up early and take advantage of this opportunity. Don't miss this episode packed with valuable information and practical advice to help you navigate the tax gap and make informed decisions about credit cards for your business. Tune in now and take the first step towards growing a financially successful business! https://smallbusinesssaturdayuk.com/ ⭐ 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 Facebook Instagram TickTok LinkedIn 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.…
As Dolly Parton once said, working nine to five, what a way to make a living, but would it work for your small business? In this week's episode, Claire and Simon dive into the intriguing topic of the "right to disconnect" and its potential impact on businesses. The discussion kicks off with a humorous exchange about Simon's new glasses and the peculiarities of hitting 40, before transitioning into a critical examination of Labour's proposal to limit work-related communications outside of standard business hours. The hosts debate whether such legislation would be beneficial or detrimental to businesses, particularly small enterprises. They provide insights from various countries that have implemented similar laws and weigh the pros and cons from both employer and employee perspectives. Claire shares her personal experiences of working in a French company and why she believes such policies might not be as effective as they seem. Listeners will also gain valuable tips on how to track productivity in their businesses and the importance of regularly questioning and optimising business processes. The episode offers practical advice on how to implement flexible working policies and measure their impact on profitability. In the Profit Cash Growth Extra segment, Claire discusses how business owners can save money on eye tests and glasses for themselves and their employees. She provides a detailed explanation of the tax implications and how to maximise savings. Don't miss this engaging and informative episode that balances light-hearted banter with serious business insights. Tune in to learn how you can navigate the complexities of modern work policies and keep your business thriving. If you enjoyed this episode, make sure to follow the podcast and recommend it to other 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 YouTube Facebook Instagram TickTok LinkedIn 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.…
Welcome to the Profit Cash Growth Podcast, the go-to podcast for six and seven-figure business owners eager to grow a financially successful business. Hosted by a Finance Director & Chartered Accountant, Claire Hancott, this episode dives into the crucial topic of pension planning for business owners. In this episode, Claire and her co-host explore the startling statistic that only 20% of business owners are preparing for their pensions, compared to 80% of employees on PAYE. The hosts discuss the potential future implications of this "ticking time bomb" and emphasise the importance of starting pension planning early. The conversation covers the benefits of making employer pension contributions, including the tax advantages such as bypassing national insurance and saving on corporation tax. The hosts also discuss the differences in pension planning for business owners versus employees, and the importance of getting professional financial advice. Additionally, the episode touches on the complexities of choosing the right pension scheme, the advantages of self-investment, and the potential benefits of spreading risk by diversifying pension investments. Claire also provides insights into using property as a form of pension investment, discussing the tax benefits and strategic advantages of buying commercial property through a limited company. For business owners who have already withdrawn profits from their business, the hosts explain how to still benefit from tax relief by investing personal funds into a pension. The episode also outlines the current annual pension contribution allowance and the benefits of making lump sum payments to optimise tax savings. To wrap up, Claire and her co-host delve into practical advice for business owners, emphasizing the importance of having a well-thought-out pension plan and the potential pitfalls of relying solely on selling a business for retirement funds. Tune in to this episode for a comprehensive guide on how to effectively plan for your pension as a business owner, ensuring a financially secure future. ⭐ 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 Facebook Instagram TickTok LinkedIn 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.…
Welcome to the Profit Cash Growth Podcast, your go-to resource for six and seven-figure business owners looking to grow financially successful businesses. This week, we dive into some intriguing facts: Did you know James Dyson owns more UK land than the King? Discover how this fascinating tidbit ties into the latest rich list and what it means for business strategy. Join host Claire Hancott, a finance director, chartered accountant, and entrepreneur, and her co-host Simon as they explore actionable guidance and frameworks designed to help you increase your profits, improve cash flow, and grow your business. From early renewal discounts to bundling value-add services, learn innovative ways to make your customers more sticky with these high retention strategies and without using honey or glue! Also, don't miss this week's Profit Cash Growth Extra, where Simon shares his experience with Udemy , a self-learning platform offering a plethora of courses to enhance your business skills. Tune in for insightful discussions, practical tips, and much more! VALUABLE RESOURCES Website YouTube Facebook Instagram TickTok LinkedIn 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 Profit Cash Growth Podcast, we're diving into the unexpected announcement of a general election and what it means for your business. Join us as we explore how to navigate the economic uncertainties and prepare for potential changes that could impact your business operations. Hosted by finance director, chartered accountant, and entrepreneur Claire Hancott, this episode provides valuable insights and actionable strategies to help six and seven-figure business owners increase their profits, improve cash flow, and grow their business amidst political changes. and get practical advice on cash flow management, cost management, and staying informed during this politically charged period. Tune in for a deep dive into preparing your business for a general election and get practical advice on cash flow management, cost management, and staying informed during this politically charged period. Finally in Profit Cash Growth Extra discover a tool called Wellybox to streamline your financial processes. Don't miss this crucial episode to ensure your business stays resilient and ready for whatever comes next. ⭐ 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 Facebook Instagram TickTok LinkedIn 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 exciting episode of the Profit Cash Growth Podcast, the empathetic accountant, Claire Hancott, and her savvy co-host share sharp insights about business scams and exclusive ways to maximize your cash flow through HMRC. Crafted for visionary six and seven-figure entrepreneurs focused on business acceleration, this podcast provides comprehensive guides to safeguard against fraudulent business payments and siphoning benefits from HMRC. Highlighted are anecdotes about change of bank detail scams and advice on effective protective measures like stricter validation processes. The conversation also addresses the rising issue of 'shoulder surfing' and the need to boost phone security in business operations. Dispelling HMRC’s image as a persistent money-drainer, Claire introduces three effortless methods that could let you claim business cashflow courtesy of the UK’s tax authority. These practices, requiring minimal setup, can bolster your business's financial viability, setting it up for sustained success. Learn about the possibility of an added week's cash flow, the benefits of an annual payroll for directors, and the advantages of VAT cash accounting schemes. These revenue-enhancing tips are especially beneficial for high turnover sectors like the hospitality industry. Tune in today, and arm yourself with invaluable tips to improve your business's financial health. ⭐ 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 Facebook Instagram TickTok LinkedIn 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 of the Profit Cash Growth Podcast, we plunge into the significance of financial management beyond the conventional annual accounts. A detailed exploration of the Chinese fast-fashion company, Shein's possible introduction to the London Stock Exchange sets the backdrop for our news discussion. We delve into concerning issues that arise when year-end accounts are solely relied on for business decisions. Discover why such a practice can be problematic, primarily due to the time lag and lack of detailed information. Financial expert and chartered accountant, Claire Hancott, lends her valuable insights to the conversation, highlighting the need for tailored management accounts that accurately mirror your business's unique circumstances. We also provide useful tips to aid you in managing your finances more efficiently and encourage business growth. This podcast emphasises the dangers of leaning on limited and possibly outdated data from annual accounts. We illuminate how UK accounting principles, when used cunningly, can present a deceptive picture of a company's financial standing. The conversation delves into further financial elements such as seasonality, business strategy, and more. ⭐ 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 Facebook Instagram TickTok LinkedIn 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.…
Welcome to the Profit Cash Growth podcast where, in this engaging episode, we delve into the intriguing parallels between fitness training and building a successful business. In this surprising exchange, we underscore the importance of maintaining consistency in both the gym and business settings, drawing upon the concept of progressive overload evident in fitness. The narrative delves deep into the value of having strategic business approaches set in place, akin to thought-out gym workouts. Furthermore, we broach on the often overlooked necessity of addressing weak points, drawing parallels between 'business injuries' and our personal inclinations to avoid strenuous gym routines. Imprinting the crucial importance of technique, we expand on how perfecting your business strategy or gym workout can yield maximum benefits. Our conversation brings in examples from sports and fitness, venturing into our personal experiences with weightlifting regimens, archery lessons, and even heart rate tracking using MyZone. We extend this comparison into the business realm, illustrating the significant role of technique and skill in achieving unprecedented growth. An additional focal point we address is tracking. Much like how MyZone eliminates guesswork during workouts by providing real-time data on effort levels, tracking business metrics provides insight into performance. Finally, we emphasise how success, whether in the gym or business, is not about isolated efforts but a learning journey. Constantly testing, learning, adjusting, and upskilling play a pivotal role in flourishing businesses. ⭐ 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 Facebook Instagram TickTok LinkedIn 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 tackle the question on every entrepreneur's mind: "Is it worth it?" We delve into the advantages and potential pitfalls of using crucial business resources like bookkeepers and marketing agencies. Our discussion kicks off with a relatable rant about potholes, segueing into our support for a local small garage business. We then shed light on Morrisons' innovative approach to driving revenue through advertising on trolleys and digital screens. We examine the worth of bookkeepers and marketing agencies in business growth, and the pros and cons of such investments. The diversity of opinions we offer on these subjects ensure this episode is a fascinating listen for anyone seeking business growth. We also engage in a riveting discussion on the importance of investing in outsourcing, focusing on marketing agencies and personal assistants. Our host Simon shares his beliefs on how such investments, despite their low entry barrier, can yield high returns. The episode underscores the potential to buy time for high-value tasks by outsourcing more routine ventures. We delve deeper into the essentials every business owner must consider, including virtual assistants, company cars and finance brokers. The metric of success here is whether these investments pay off in the end. Additionally, we discuss the role finance brokers play in fostering business growth, emphasizing their contributions to seamless loan and credit transactions. As a bonus, we recommend an inspiring Netflix series, The Playlist, chronicling the journey of Spotify. This episode is a treasure trove of debates, insights and invaluable advice for all aspiring and accomplished entrepreneurs. ⭐ 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 Facebook Instagram TickTok LinkedIn 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 the latest episode of the Profit Cash Growth podcast, we expose the concerning predictive failures of the Bank of England and deliver an in-depth exploration of essential cash flow strategies for business owners. This episode is not only insightful but also offers practical financial solutions for businesses looking to thrive in a fluctuating economy. We have finance expert Claire Hancott providing a deep dive into the fundamentals of cash flow. Uncovering the common pitfalls associated with online bookkeeping systems, she highlights the pivotal understanding of cash flow beyond just monitoring bank accounts. Claire provides a clear framework for tracking your business's cash flow from start to finish, emphasising key considerations for achieving optimal financial management. ⭐ 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 Facebook Instagram TickTok LinkedIn 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.…
Join us on The Profit Cash Growth Podcast in our highly anticipated episode targeting six and seven-figure business owners. This podcast offers actionable advice to help your business thrive, with a special focus on profit and cash flow improvement strategies delivered by our experienced co-host, Claire Hancott. Explore the future of Tesla, decipher the reason behind their declining sales, and unravel the impact on the EV market in this riveting discussion. Our episode takes a deep dive into the three monthly sales metrics crucial for your business's growth. Redefine understanding 'profit' and 'loss' with incisive insights into business development, sales, account management, and customer service metrics. We delve into the remarkable potential of customer retention strategies, emphasising turnkey concepts such as "Turnover is vanity, profit is sanity, and cash flow is reality". We understand the challenges of navigating the data analytics world, so we discuss the importance of maintaining a high-quality CRM system and data benchmarking. Uncover the power of tracking the entire sales journey, and explore how effective sales analysis systems can revolutionise your business decisions. In our weekly Profit Cash Growth extra, we discuss the convenience of scanning directly into Google Drive. This information-packed episode serves as an essential guide to bolster your business processes and decision-making quarter. So, don't miss out and tune in 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 Facebook Instagram TickTok LinkedIn 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 thrilling episode of the Profit Cash Growth Podcast, hosts Claire Hancott and her co-host Simon discuss a crucial aspect that plagues six and seven-figure business owners - should they reinvest profits into their business or enjoy the immediate benefits? With a firm eye on business growth, the conversation emphasises the importance of considering profit reinvestment over short-term gains. The speakers highlight the concept of nurturing a long-term asset, and exploring the possibility of diversifying investments. They challenge traditional thoughts by comparing property investments to business reinvestments, sparking a heated debate on resource allocation for optimal returns. Delving deeper, the co-hosts explore technology and equipment investments as alternatives to labor costs and probe the fragile financial expectations of startups. The conversation questions the salaries of business leaders, their roles, and the overall effect on business growth. This discussion dares to rethink whether immediate personal benefits outweigh the contemplative practice of reinvesting business profits. In a thought-provoking segment on economic growth, the episode dissects the common failings of businesses overlooking inflation-adjusted growth. Touching upon Bill Perkin's "Die with Zero" concept, the hosts uncover the importance of an aggressive accumulation phase and effective wealth utilisation. They discuss the value of financial flexibility and resilience, finally agreeing on a harmonious blend between reinvesting and profiting, to drive long-term growth. Closing this insightful episode, the co-hosts guide listeners to a handy app recommendation for mileage logs, reinforcing the significance of technology in contemporary business strategies. Join this intricate dialogue that leaves listeners deliberating the best path to tread - immediate profit enjoyment or strategic business reinvestment. ⭐ 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 Facebook Instagram TickTok LinkedIn 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.…
Experience dynamic discussions surrounding modern commerce with the Profit Cash Growth Podcast. Join your hosts, Simon and Claire, as they unravel economic complexities through the analogy of an Easter egg hunt. Dive deeper into the discussion of supply-demand mismatches and how seasonal fluctuations impact businesses on a global scale. Learn how seasonal challenges affect local economies, as we delve into consumer spending habits and emerging retail trends. We engage in a case study on a transport company, highlighting bread-and-butter issues tied to their business peaks and troughs. Gain valuable insights from our exploration into strategies for fortifying seasonal businesses against cyclical downturns. Claire, a finance director and chartered accountant, provides invaluable advice to businesses striving to increase profits, improve cash flow and achieve sustainable growth. Understand the importance of strategic management for businesses with peak and trough trends. Discover tactics to lessen dependency on seasonality by diversifying customer sources and product ranges, and recognizing different industry types as significant considerations for sales data. Discover the power of cash flow management, and understand how to maintain financial stability throughout the year. Learn how a rolling cash flow forecast, breaking the business down per month or quarter and integrating online tools into your daily operations can enhance your business strategy. In our Profit Cash Growth Extra segment, we share essential pointers and additional tips, including the integration of online browsers, such as Google Chrome, into your daily workflows using tab grouping. Join us in this compelling episode and take your business strategy to the next level. Tune in now to boost your profits, elevate cash flow and fuel sustainable 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 VALUABLE RESOURCES Website YouTube Facebook Instagram TickTok LinkedIn 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.…
Join us in an enlightening episode of the Profit Cash Growth Podcast, where in the news we dissect the success behind the UK multi-channel retail titan, Next PLC. Uncover their growth strategies, acquisitions, and prolific online approach that are projected to propel them past the £1 billion annual profit margin. Discover how this influential retail multinational leverages the strength of numbers innovatively and effectively. In this week's deep dive, we journey into the underrated cornerstone of any successful business - management accounts. Co-host and chartered management accountant, Claire, shares her knowledge by explaining the what, why, and how of management accounts. Grasp the nuanced differences between management accounts and annual accounts, the magic of customisation, and their role in providing businesses with highly intuitive cost and revenue analytics. We also provide a comprehensive guide on customizing management accounts to suit the needs of your business, irrespective of whether you utilise QuickBooks, Xero, or Sage. Determine if a bookkeeper or a chartered management accountant would best serve your business customisation needs. Delve into understanding your cash flow, P&L, and KPI reports, and how these reports can direct your focus to critical business aspects. Concluding in Profit Cash Growth Extra with an exciting revelation about an underutilised tool in the iPhone's notes application, this episode promises to be an insightful exploration of management accounts. Whether you are a business owner or an accountant, this episode pledges to equip you with key insights necessary for efficient business management. ⭐ 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 Facebook Instagram TickTok LinkedIn 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.…
Welcome to this insightful episode of the Profit Cash Growth Podcast, your guide to scaling your business. This episode is co-hosted by Claire Hancock, a financial director, chartered accountant and entrepreneur, who shares weekly wisdom targeted at augmenting your cash flow, magnifying your profits, and growing your business. The spotlight of this episode is on an urgent issue that affects one million 16 to 24-year-olds in the UK who are neither in full-time education nor employment - the NEETs. We analyse the disparity between workforce demand and this untapped talent, discussing the reasons for these youngsters' employment struggles. In our analysis, we discuss factors such as rising mental health difficulties affecting young people, reflecting on the societal norms contributing to these issues. From an employers' standpoint, we emphasise the importance of understanding this generation's dynamics and highlight the need for adjustments in the hiring process to attract them. This week's deep dive extends to business rebates. The concept of rebates in improving customer spending, strategic business growth, and outperforming the competition is elaborated on. The strategies for implementing rebates and the significance of establishing growth-oriented rebates over customer-retention ones are presented. In profit cash growth extra we articulate top tips for dealing with HMRC and the concept of the agents' helpline. Lastly, we remind business owners to ensure their accounting partners are acting as their agents for maximum efficiency. Join us in this episode to expand your knowledge horizons and grow not only your business but also your understanding of the untapped youthful potential! ⭐ 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 Facebook Instagram TickTok LinkedIn 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 the news, Greggs overtakes Mcdonalds as the king of breakfast. We talk all about Cash Flow Cycles and how you should be analysing these 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 VALUABLE RESOURCES Website YouTube Facebook Instagram TickTok LinkedIn 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 today's podcast we review the budget and whether there's anything for small businesses to hang their hat on. ⭐ 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 Facebook Instagram TickTok LinkedIn 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 the news Marks Electrical grew from a garage to a multi-million pound business with enviable profit margins and with the budget due this week we look at the leaked predictions so far and how we think they could affect you and 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 VALUABLE RESOURCES Website YouTube Facebook Instagram TickTok LinkedIn 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.…
A SWOT analysis takes less than 30 minutes and you can gain valuable insights into your business and use this information to drive growth, anticipate investor questions, and adapt to the changing market. Follow us now to discover the secret to 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 YouTube Facebook Instagram TickTok LinkedIn 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.…
Are you ready to make your business exit a reality? In this video, we'll cover key strategies and tips for navigating the path of exiting your business. From creating a solid plan to managing your emotions, we'll help you make a smooth and successful transition. Watch now to start turning your dreams into a reality! ⭐ 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 Facebook Instagram TickTok LinkedIn 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.…
Are you ready to take your business to new heights? In this episode, we'll dive into the 4 different strategies that can unlock exponential growth for your company. We'll explore how to leverage your existing products, expand into new markets, and create innovative offerings that captivate customers. A SWOT analysis takes less than 30 minutes and you can gain valuable insights into your business and use this information to drive growth, anticipate investor questions, and adapt to the changing market. Follow us now to discover the secret to 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 YouTube Facebook Instagram TickTok LinkedIn 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.…
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