Profit Cash Growth (Claire & Simon)
Explorez tous les épisodes de Profit Cash Growth
| Date | Titre | Durée | |
|---|---|---|---|
| 12 Feb 2024 | Discover The Safest and Most Effective Ways To Grow Your Business | 00:29:04 | |
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 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. | |||
| 23 May 2024 | How To Get FREE Cash From HMRC | 00:24:18 | |
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 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. | |||
| 11 Apr 2024 | Profitable Dilemma - To Reinvest or Enjoy the Rewards? | 00:32:03 | |
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 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. | |||
| 29 Aug 2024 | Putting A Moat Around Your Business The Michael Porters Way | 00:23:42 | |
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 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. | |||
| 22 Feb 2024 | Exiting Your Business - Cash or Out: From Dreams to Reality | 00:33:55 | |
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 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. | |||
| 22 Aug 2024 | Why Average Order Value May Be Overrated | 00:26:05 | |
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 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. | |||
| 05 Sep 2024 | Are You Getting Your £1,000 Tax Free From Your Directors Loan? | 00:28:15 | |
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 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 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. | |||
| 29 Feb 2024 | Don't underestimate the power of this for business growth | 00:34:27 | |
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 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. | |||
| 09 May 2024 | Bench Press to Boardroom: Lessons in Business from the Gym | 00:28:53 | |
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 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. | |||
| 28 Nov 2024 | You Just Lost £1.8 Million: How to Turn Crisis into Opportunity | 00:41:17 | |
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 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. | |||
| 11 Jul 2024 | The Cash Flow Secret That 99% of Business Owners Miss | 00:21:00 | |
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 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. | |||
| 21 Nov 2024 | The Gift of Tax-Free Christmas: Maximise Your Benefits This Festive Season | 00:32:13 | |
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 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.
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| 06 Jun 2024 | Sticky Customer Strategies and James Dyson's Land Empire | 00:29:01 | |
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 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. | |||
| 19 Sep 2024 | How To Play Stop, Start, Continue With Your Business | 00:23:55 | |
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 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. | |||
| 14 Nov 2024 | Trump’s Victory Playbook: 6 Lessons for Business Owners | 00:37:23 | |
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 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. | |||
| 07 Nov 2024 | Salary Sacrifice Secrets: Boosting Your Benefits | 00:25:40 | |
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 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. | |||
| 16 May 2024 | Why Year End Accounts Should NEVER Be Used To Make Decisions | 00:26:21 | |
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 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. | |||
| 26 Sep 2024 | How to Choose the Perfect Accounting System for Your Business Success | 00:34:42 | |
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 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. | |||
| 31 Oct 2024 | Trick or Treat? Our Budget Review: What It Means for UK Businesses | 00:42:36 | |
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 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. | |||
| 08 Aug 2024 | Why You Should Be Concerned About Supply Chain VAT Fraud | 00:31:10 | |
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 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. | |||
| 30 May 2024 | Preparing Your Business for a General Election | 00:27:12 | |
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 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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| 07 Mar 2024 | A Budget From The Worlds Best Marketer - A Tale Of Tax | 00:25:55 | |
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 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. | |||
| 18 Apr 2024 | 3 Sales Metrics To Include In Your Monthly Accounts | 00:41:02 | |
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 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. | |||
| 28 Mar 2024 | Magic Management Accounts - Knowing Your Business Numbers | 00:26:58 | |
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 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. | |||
| 20 Jun 2024 | Unpacking the Right to Disconnect: Balancing Work Hours and Business Productivity | 00:27:25 | |
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 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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| 25 Jul 2024 | Understanding Corporation Tax and The Surprising Happiness of Business Owners | 00:20:55 | |
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 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. | |||
| 21 Mar 2024 | Harnessing Rebates for Profit: Your Business Growth Secret | 00:18:23 | |
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 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. | |||
| 02 May 2024 | Is It Worth It or Not? Assessing Essential Business Resources | 00:35:15 | |
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 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. | |||
| 03 Oct 2024 | Master The Big 5 Numbers for Explosive Profit & Growth | 00:40:33 | |
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 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. | |||
| 04 Jul 2024 | Accelerate Your Business with Effective Credit Control Techniques | 00:28:19 | |
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 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. | |||
| 14 Mar 2024 | Cash Flow Cycles & McDonalds Dethroned As Breakfast King | 00:22:39 | |
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 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. | |||
| 13 Jun 2024 | The Ultimate Business Owner's Guide to Pension Planning | 00:27:09 | |
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 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. | |||
| 12 Sep 2024 | Is Your Bookkeeper Really Balancing Your Books? | 00:30:55 | |
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 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. | |||
| 27 Jun 2024 | Choosing the Right Credit Cards for Your Business | 00:21:36 | |
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 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. | |||
| 15 Aug 2024 | The Hidden Costs of Buying Commercial Land | 00:29:17 | |
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 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. | |||
| 18 Jul 2024 | Four Signs of a Profitable Business Model | 00:24:09 | |
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:
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 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. | |||
| 05 Dec 2024 | Unveiling a Silent Business Killer: The Absent Finance Function | 00:36:24 | |
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 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. | |||
| 04 Apr 2024 | The Great Easter Egg Hunt - Mastering Seasonality | 00:15:38 | |
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 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. | |||
| 01 Aug 2024 | What To Do When A Customer Fails To Pay You | 00:27:19 | |
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 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. | |||
| 25 Apr 2024 | Understanding Cashflow 101 - Revelations, Trends, and Practical Guidance | 00:22:03 | |
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 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. | |||
| 10 Oct 2024 | Selling, Scaling, or Surrendering: Choosing Your Business Exit | 00:41:35 | |
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 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. | |||
| 24 Oct 2024 | Mastering Discounts and Promotions for Maximum Profit | 00:30:01 | |
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 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. | |||
| 17 Oct 2024 | Unpacking Pensions: The Hidden Costs to Your Business | 00:31:54 | |
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 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. | |||
| 05 Mar 2024 | From A Garage To A Multi Million Pound Business & Our Budget Predictions | 00:42:09 | |
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 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. | |||