Financial and Lifestyle Freedom for UK Business Owners

Useful Tips on How to Use Social Media Platform for Marketing Strategy

September 05, 2022 08:00 - 7 minutes - 6.92 MB

Social media has been a vital part of different marketing strategies. It can be used to attract and funnel potential clients into availing of your product or services. Today, Annette will impart to all of you how to monitor the marketing strategy of her business. They started to implement a new strategy on the platform, Twitter. She then committed to implementing this for 90 days. Annette started by taking screenshots of important data to keep track of the progress of the new strategy. Asid...

How to Set Prices for Services

September 02, 2022 08:00 - 10 minutes - 9.24 MB

Pricing can be difficult as it can frighten off ideal clients. But even so, as a business owner, you have to make sure that you are charging enough so that you make a profit. You must have an understanding that every service that you are offering needs to be profitable and never misses out on any crucial parts of the calculation. Furthermore, you have to analyze each of your services offered and include the things needed in your pricing, such as any stripe or transaction fees, hourly/weekl...

Incredible Story on How You Can Adapt and Be Creative in Your Business

August 29, 2022 08:00 - 5 minutes - 4.58 MB

Adaptability is the quality of being able to adjust to new conditions and the capacity to be modified for new use or purpose, as defined in the dictionary. As a business owner, you have to be ready to make some adjustments in your business in order to grow, if necessary. Also, it is an essential skill to plan for your business ahead of time. In today’s episode, Annette will share a story about how adaptability is important in your business to survive and grow. She will set the ice cream van...

Secrets to Increase Profit

August 26, 2022 08:00 - 15 minutes - 13.9 MB

Profit is one of the indicators of how you will know if your business is progressing. Also, this is the result of all the strategies that you put into your business. Furthermore, as a business owner, you have to gather data in order to know whether you are gaining profit or not. Annette will shed some light on the secrets of how you can increase the profit in your business and the pieces of data that you need to track those sales and marketing strategies. She will also give different exerci...

Great Tips on How to Manage Your Time in Business When Kids Started Going to School

August 22, 2022 08:00 - 3 minutes - 3.47 MB

Summertime has already ended and you will have some weeks to prepare for school or for some, the school has already started. You may start to juggle things between your kids and your business. Today, Annette will share with you how you can utilize this time in planning ahead of time. What should be done? Start with refocusing your priorities, evaluating your strategies, and planning the rest of the year. Being strategic and having your plans in place is a great way to start. Highlights ...

Allocations Day

August 19, 2022 08:00 - 17 minutes - 16.1 MB

In the current economic climate, the high cost of living, the increased inflation and with the recession coming up, we need to have a system or strategy in order for us to have a take-home pay. Your goal in setting up your business is to be able to have financial freedom for you and your family, right? You have a team that receives their pay but for you as the business owner, there is none. Isn't that terrible? That is why it is really important to do the allocation exercise on a conti...

Getting Our Allocations Set Up

August 18, 2022 02:00 - 21 minutes - 19.4 MB

Day 4 in the implementation of Profit First in your business is about setting up your allocations. When allocating, it is like setting up an envelope system much like Dave Ramsey’s Envelope Methodology for your personal finances. On this fourth day, Annette will guide you in setting up allocations to the various accounts in your business like Operating Expenses, Owner’s Pay, Profit, Tax and for your Team through an Allocation Template that she has prepared. As this is a live session, you ...

Money Leaks: Finding them and Eliminating Them

August 10, 2022 08:00 - 20 minutes - 18.8 MB

In getting the proverbial light and delivering your owners comp and profit to your business, it is important that you thoroughly examine if there are money leaks in your expenditures. Day 3 of the sprint in implementing Profit First in your business, I talked about money leaks and how it is absolutely great to allocate your time to find, assess and eliminate money leaks in your business. Here I will teach you an exercise that needs to be done on a regular basis because businesses change ov...

Getting the Instant Assessment Done

August 09, 2022 08:00 - 32 minutes - 29.4 MB

Crunching numbers is scary and intimidating. Worse is if you don’t know where to get those numbers. On day 2 of getting Profit First Implemented, Annette will go into the nitty-gritty details of the number’s crunching game and will guide you where you can get those numbers from. Getting all those numbers together is an important step in shifting your mindset around your business's finances from how you might be operating currently and how to gain optimal performance in your business. ...

Setting up the Foundations to Get Profit First Installed Into Your Business

August 08, 2022 08:00 - 26 minutes - 24.7 MB

Today, on Day One of our Get Profit First Installed, we're going to get down and dirty with the foundations of Profit First. The rules, definitions, and framework could make all the difference between profit first helping you or forcing itself out of a job. This may sound daunting if you've never included this in your business, but the initial steps are exciting, and they include setting up those financial foundations that will then lead to a full-blown Profit First implementation. If yo...

How to Price Correctly as a Service Based Business

August 01, 2022 08:00 - 10 minutes - 9.42 MB

When your business is service-based, pricing can seem to be very daunting. The price you charge for your services is one of the hardest decisions you make because setting a price that is too high or too high can limit your business growth. Worst, it can cause serious problems for your cash flow. In this episode, Annette will help you look at the two sides of pricing perspectives in order to get a win-win proposition for both you and your clients. Consider taking notes or even downloadin...

Expectation vs. Reality: Challenges in Life & Business and its Solution

July 29, 2022 08:00 - 6 minutes - 6.38 MB

Annette will speak about the different things in your life and how that plays out in reality. We may have some ideal situations in mind but understanding that there will be some point in time that we cannot achieve is part of the journey. What truly matters in our business is we keep making steps toward our dreams and progress in reaching our goals. Here are the questions that came in during the live session … - Different challenges that you may experience along the way. - Understanding w...

How to Achieve Ultimate Freedom of Time for Business Owners

July 25, 2022 08:00 - 7 minutes - 6.96 MB

Today, Annette will talk about time. It is one of the important matters for most people, especially people who are running a business, time freedom. Though financial help helps business owners but vast majority seeks freedom of time. There is no judgment on how you want to spend your life but being clear on what you want is truly important. Here are a few insights you’ll hear in today’s show… - The importance of time. - How do you allocate your time? - Assessing how you spend your time....

Accounting Basics: Debits and Credits Explained

July 22, 2022 08:00 - 8 minutes - 6.52 MB

A double-entry system of bookkeeping helps businesses keep their books in balance. When recording a transaction, every debit entry must have a corresponding credit entry for the same amount, or vice-versa. Confused? Now, this can be quite complicated in layman's terms but Annette made sure to explain these two accounting jargons very clearly. Don't let these accounting terminologies confuse you, using this podcast as a learning tool is extremely valuable. Here are a few insights you’ll hea...

Profit First: Your Questions Answered

July 18, 2022 08:00 - 7 minutes - 7.17 MB

Annette wanted to have these Q&A sessions regarding Profit First because she wants to share how it has changed her life since she embraced the principles of Profit First. These sessions offer so many valuable opportunities for you to learn and Annette will be happy to answer any questions you may have. It is also possible that you may have the same questions as other people, but are hesitant to ask them. Here are the questions that came in during the live session … Can you use Profit Fir...

Tax Tips and Secrets for Consultants and Coaches

July 15, 2022 08:00 - 9 minutes - 8.51 MB

Could there be more things that you are not claiming as a tax relief, but should be? Definitely yes! In this video Annette will walk you through several tax tip secrets for UK consultants and coaches. That means you pay less tax and you'll take home more of your income. Listen carefully and start taking a stack of those things that can be deducted from your tax payments. Here are a few insights you’ll hear in today’s show… Tax Tip number 1 - Make sure to adhere to your deadlines Tax Tip...

Calculating the Break-Even Point in Your Small Business

July 11, 2022 08:00 - 12 minutes - 11.3 MB

Cash flow problems in your business are not a good thing. That is why it is of utmost importance that you are able to calculate the cash break-even point of your business because that ultimately is what matters. It is also important that you eradicate money leaks in your business so that you are able to generate a revenue that is achievable, ensure that your costs are in alignment, so that you are able to create good money to take home. Here are a few insights you’ll hear in today’s show…...

What to Do When Things Don’t Go According to Plan

July 08, 2022 08:00 - 8 minutes - 7.45 MB

In life we do have plans for things we want to pursue and it is the same with business. Sometimes life lessons are the very same thing that you can also apply in business, when things don’t go according to the plan. You can try harder, assess the situation or any given information available or you can maybe ditch the project and start over. As a business owner, it is very important to have access to data so that you can make informed decisions. Here are a few insights you’ll hear in today’...

Business Lessons I Learned from Running

July 04, 2022 08:00 - 7 minutes - 6.73 MB

Running and any form of movement is very important because it is crucial to your mental health specially when you are running a business. Running is that pause that every business owner needs in order to reduce stress, be more productive and gain clarity to be able to make sound business decisions. So, be kind to yourself and clear your mind through running or if you can’t run, do some kind of movement like walking and stretching. Here are a few insights you’ll hear in today’s show… Ann...

Everything is your fault

July 01, 2022 08:00 - 6 minutes - 5.94 MB

The failure or the success of your business lies with you as the owner of the business. You cannot blame someone whom you’ve hired to do the marketing strategies when the business’ marketing campaign fails. Your responsibility as the business owner does not end when you have hired someone to do a particular job for the business. It is important for you to still know what is happening in your business through feedback and powerful information that can give you insights into every part of t...

Measure of Profitability of Your Business

June 27, 2022 08:00 - 10 minutes - 9.52 MB

When your Profit and Loss Statement shows that you have positive profit, you need to really check if that is real profit because it may not. Positive doesn't mean the business is financially healthy. This is the case of just “paper profit”. Why does this happen? Unreal profit happens when profit that does not equate to having actual cash in the bank. In this episode, Annette will give you some guidelines on how to ensure that you have the right cash management in your business. Som...

The Accounting Equation for Business

June 24, 2022 08:00 - 12 minutes - 11.4 MB

Understanding the accounting equation is very hard to comprehend for some, but in this episode you will learn about the most important accounting principle that is applied for all businesses. The Balance Sheet is all about being equal, it should be balanced and it is not possible that your Assets and Liabilities + Equity will outweigh each other. When you understand the accounting for your business, it will help you know your status as a business, whether you are having profit or loss, or ...

The Paradox of Being Self-Employed and Employed at the Same Time

June 20, 2022 08:00 - 15 minutes - 14 MB

It is now common for people to be employed and at the same time to have a side hustle or what we call as self-employed. People don’t leave their 9 to 5 jobs yet, as they weigh on what to keep between the two sources of income. It looks promising for the profit side of it, but there could be some problems here if you do not know the tax implications for both. Plus there are also rules with regards to what expenses are allowed or disallowed when you are in business. Additionally, strict compl...

Disadvantages of Payment Terms

June 17, 2022 08:00 - 7 minutes - 5.82 MB

Today’s episode is inspired by a conversation that I had with my client and it is all about payment terms. Understanding the payment terms is essential to grow your business and this is applicable for both product-based and service-based businesses. Stay tuned as I give different scenarios that will help you understand what should be done to help grow your business. Here are a few insights you’ll hear in today’s show… Customer perspective versus Business perspective The importance of...

The Profit and Loss Account Explained for Business

June 13, 2022 08:00 - 6 minutes - 9 MB

The 'Profit and Loss Statement' (P&L), or ‘Income statement’ is one of the three major Financial Statements. In this video, you'll find out what the Profit and Loss statement is and how you can use it to measure a business's financial health. Here are a few insights you’ll hear in today’s show… - What is a Profit and Loss Statement and why it is one of the important financial statements of a business? - Sections of a Profit and Loss Statement and explanation of terms - If you are inte...

Return on Investments in People

May 30, 2022 08:00 - 6 minutes - 6.06 MB

For most part, it is really hard to measure the ROI when it comes to our team. Business owners invest in their people because you cannot do everything by yourself. You need to delegate tasks in order to free up your time to focus on your expertise to do profit producing tasks. However as in other businesses, some of our team members do not understand that they are also part of the profit producing vision. It is important that each team member is aligned with your vision of growth to en...

How Entrepreneurs Can Make The Most Of Their Summer Vacations

May 23, 2022 08:00 - 4 minutes - 4.01 MB

Businesses have their season of push and pull and as business owners you can use the season of pull in order to take a pause or have vacations. Summer is a season that most people look into and have planned for way ahead. Part of the planning has something to do with the continuity of the business even if you are not around. Imagine when you are on vacation and your team keeps on calling you for affirmations on decisions to be made. That is not vacation at all. Vacations are meant to be ...

Are You Gunning for a 2d or a 3D Success?

May 16, 2022 08:00 - 6 minutes - 5.83 MB

Sometimes success is only superficial because our vision of success is limited. This is the reason why some businesses are able to take off, but at some point hits the plateau and oftentimes drops down. That’s because we only look at the sugar coated version, which is fine, but are you able to look at the deeper level of success? It is necessary that you are able to peel the layers to reach the levels that still can be tapped for the spontaneity of success. Here are a few insights yo...

How Much Does Your Business Depend on You Being Present

May 09, 2022 08:00 - 7 minutes - 6.56 MB

Will your business operations continue if you are not around? Some business owners are not able to let go of the helm in managing their business because they think that their presence is crucial in the business. But what about if there’s a situation that you can’t be around, are you prepared for it? A big disruption happened to Annette’s family, but it was still manageable for her because of the vision that she had set up for her business a long time ago. She has prepared for situations ...

To borrow or not to borrow

May 02, 2022 08:00 - 8 minutes - 7.95 MB

Are you considering borrowing to get cash infusion for your business? Don’t do it just yet unless you hear what Annette has to say about borrowing. Over the past two years, most businesses were in a bad shape because of the pandemic, but borrowing is not the only solution to rescue the business. Now lack of funds may not necessarily be your fault, but resorting to borrowing from a place of desperation is not a good thing to do. It might be a cause of more problems in the long term. ...

How to Pay VAT in the UK?

April 29, 2022 08:00 - 19 minutes - 17.4 MB

VAT registered businesses act as the collecting agency for HMRC and as such are required to submit a return and pay VAT to HMRC. In this episode, you will get important information on how to pay VAT in the UK and also the basics of VAT for your business. Be sure to pay attention to everything being said here so you can be guided accordingly and not incur penalties if you can't comply with the regulations of HMRC. Here are a few insights you’ll hear in today’s show… What is VAT? Whe...

Monitor your Profit Producing Activities

April 25, 2022 08:00 - 4 minutes - 3.86 MB

I am opening the doors to Business Wealth Academy on May 26 and 27 so you can get the help that you need. As soon as you join me inside, you’ll have access to hundreds of video resources and regular live calls with me so you can take action towards more profit. Not only that you will also get access to our private podcast. Here is a sample episode that will be made available to your once you become a member. - Sign up now to join the waitlist: https://www.businesswealth.co.uk/bwawaitli...

Can You Have It All?

April 15, 2022 08:00 - 11 minutes - 10.3 MB

Some people define success by the fact that they have more money in their lives, to be able to enjoy the perks that money brings. Some would define success as having a wonderful family life. Financially successful people claim that family comes first, but their divorces and broken families refute that claim. Ultimately, the question that arises is: what is the price you are willing to pay for your version of success? Here are a few insights you’ll hear in today’s show… About Gary Vayn...

Two Top Strategies that I Use When Overwhelm Hits

April 11, 2022 08:00 - 8 minutes - 7.48 MB

As a business owner, you usually experience more stress than working a 9 to 5 job. There are more responsibilities to keep the business afloat, think of projects to add to your existing niche, plus hiring and managing a team, to mention a few. Business failure can be a hard thing to recover from, so you'll need to devise strategies to stay in business. Staying focused despite the overwhelm will help you get by and in this episode, Annette will share her two top strategies to beat the overw...

How to Pay Yourself as a Business Owner?

April 08, 2022 08:00 - 12 minutes - 11.2 MB

People go into business because they think they will be able to make more money and thereby be able to finance a more comfortable lifestyle. Sadly, though, most really don't have the correct attitude and end up strangling the business for cash. In doing so, their business fails. Study shows that 95% of businesses fail during the first 5 to 10 years. Take advantage of this episode to learn what you need to keep in mind when starting a business and pay yourself as a business owner. Here a...

How to Create Systems and Improve the Way We Work with Arijana Illbasic

April 04, 2022 08:00 - 31 minutes - 28.8 MB

Do you now feel that you need some space and find some kind of break from your role as a business owner? It can be daunting especially if you're starting out and feel that you do not have the capacity to delegate some tasks and hire someone to free up your time to do what you're good at. If you are feeling this already, this is the right time to delegate. But delegation should be done the right way because if it's not, you'll end up wasting money, time for training plus the emotional stre...

How to Deliver Value and Improve Brand Presence through a Book with Dr. Emee Vida Estacio

April 01, 2022 08:00 - 29 minutes - 26.9 MB

Many of us have the inclination to write a book, but when we try to start one, we are intimidated. During this episode, our special guest Dr. Emee Vida Estacio explains that writing a book is not really such a mammoth task as most people think. It is really not difficult! All we need is our expertise in our own niche and we can have help from an editor, a graphic designer, etc and even leverage the power of Amazon to put your book out there and be noticed. More than the monetization of you...

Future Proof Yourself Through Retirement with Julie Hunt

March 28, 2022 08:00 - 30 minutes - 28.2 MB

In today’s live series, Annette had the pleasure of chatting with Julie Hunt, a certified Financial Planner and has a team dedicated to ensuring that your money, and peace of mind are taken care of. This is one episode you don’t want to miss because there are a lot of misconceptions about money matters and retirement, which if not addressed NOW could be quite late to start planning on. Here are a few insights you’ll hear in today’s show… Why do some people not have a plan for their future...

Lack of Boundaries Equates to Low Self-Worth with Jomana Elaridi

March 25, 2022 08:00 - 36 minutes - 33.7 MB

In today’s episode Annette dives deep into a conversation with Jomana Elaridi, an NLP Master Practitioner and mindset shifter and uplifter, on the subject of self-worth. Her work with ambitious women who struggle with self-doubt and self-worth can be seen in several testimonials from clients. But before she got into this space of helping women in their struggles, she was struggling herself with self doubt despite the titles, achievements, degrees, or accolades. Find out more about how Joma...

The Truth About Judging Yourself and Others

March 21, 2022 08:00 - 11 minutes - 10.2 MB

Our behaviour toward judgement and critical feedback differs in the sense that we tend to see judgement as negative, whereas the latter serves our best interests. We usually oppose judgement but with feedback, it makes us pause and evaluate ourselves. The same is true when we receive judgement or feedback in our business. We take judgement with a negative spin and the resulting behaviour all the more puts our business in a bad light. On the other hand, receiving critical feedback can ac...

How To Be A Successful Entrepreneur: Advice From Flower Essence Founder and Lead Trainer

March 18, 2022 09:00 - 28 minutes - 39.5 MB

As a business owner, you might not think of yourself as a spiritual entrepreneur. But if you're looking to create a business that is aligned with your values and that nourishes both you and your customers, then it's time to explore the world of spiritual entrepreneurship. In this episode, Sara Estelle Turner, a leading expert in the world of flower and vibrational essences and supporting spiritual entrepreneurs to grow aligned and nourishing businesses will explore what it means to be a spiri...

How To Be A Successful Entrepreneur with Sara Estelle Turner

March 18, 2022 08:00 - 29 minutes - 40.8 MB

As a business owner, you might not think of yourself as a spiritual entrepreneur. But if you're looking to create a business that is aligned with your values and that nourishes both you and your customers, then it's time to explore the world of spiritual entrepreneurship. In this episode, Sara Estelle Turner, a leading expert in the world of flower and vibrational essences and supporting spiritual entrepreneurs to grow aligned and nourishing businesses will explore what it means to be a spi...

How to decide - Limited Company or Sole Trader

March 14, 2022 08:00 - 12 minutes - 17.4 MB

Should you jump in a set up a limited company or hang back and try a sole trade? It can be a confusing decision to make yourself - so let us help you decide Whether to be a limited company or sole trader is always a hot topic and there is not a straightforward, right or wrong answer. What I want to do is present you with a balanced approach to help you decide which might work best in your particular circumstances so you can make the decision to go for a limited company or sole trader option...

How to Adapt to a Client's Industry?

March 11, 2022 08:00 - 8 minutes - 7.65 MB

In this short solo episode, Annette will tell you what it means to adapt to a client’s situation. In the past two years or so, almost all industries have been subjected to many changes that were brought about by the pandemic and in order to sustain their business have to make changes in how they operate, as well. If you are a service provider, you need to understand the actual reality happening on your client’s end in order to best deliver whatever it is you do for them. Here are a few in...

Balancing Ethics and High Performance with Dana Pharant

March 07, 2022 08:00 - 29 minutes - 27.1 MB

Being a high achiever does not only equate to being a success in a particular career or a business. It can also mean that you have overcome the challenges of the mental and emotional side of things. In this episode, Annette had a very enlightening discussion with Dana Pharant, the creator of 'The Inner Dominatrix' mindset, concerning about having ethics and high performance working side by side to create a sustainable business. Dana Pharant helps women entrepreneurs to be high achievers...

How to Decide When to Delegate your Tasks?

March 04, 2022 08:00 - 13 minutes - 12.1 MB

Sometimes business owners equate the success of their business when they already have some number of team members. However, we must bear in mind that hiring is an expense. Will your hiring be revenue generating after the first two months after hiring? Business owners have to consider so many factors before hiring someone to delegate some tasks, so that they can concentrate on growing their business. This episode will be an eye-opener especially for start-up businesses. Here are a few i...

Cash Strategy that Saved My Business

February 28, 2022 08:00 - 14 minutes - 13 MB

For most sole entrepreneurs, structuring the cash in your business for salaries for the team, operational expenses, etc takes priority and there's little left over for your take-home pay. Yes, revenue comes in, but there is no proper money and cash management method implemented so that you as a business owner get to have the profit first. Take it from Annette, who was like this for five years but things changed around when she learned the basic premise of Profit First. Here are a few insigh...

Chasing Happiness Depends Entirely on You with Crystal Steers

February 25, 2022 08:00 - 42 minutes - 39 MB

The topic for this episode is an interesting one, because who in this world doesn't want to be happy? We all desire to have that inner happiness, to be able to do what we really want, without having to depend on the perspective of happiness from others. Our guest today is the founder of Chasing Happiness and known as the Happiness Guru, Crystal Steers. She is now growing a community of people looking to increase their own happiness and help others to do the same. By listening to this epi...

A Simple Money Mindset Exercise

February 21, 2022 08:00 - 15 minutes - 14 MB

Sometimes the money mindset thoughts that we have comes from other people, how we were raised and the family’s beliefs about money. Some of these thoughts are negative and they create a big impact now in our lives. This is the time to identify which of these thoughts we still want, whether they still serve us or if they are outdated, so we don't keep making money mistakes. Here are a few insights you’ll hear in today’s show… Spring cleaning of our money thoughts. (...What do we keep and...

Bringing Back Ethics in Your Business with Tammy Johnston

February 18, 2022 08:00 - 34 minutes - 31.5 MB

Remaining true to good business ethics seems to be a struggle for some people who like to get ahead by duping other people. There is nothing wrong with being vulnerable, it is completely acceptable to show yourself as a human. We all have our mess in some way or the other and admitting to such flaws makes people resonate with you and with that, will be attracted to you more than being a fraud. In today’s episode, Annette will talk to one kick ass lady, Tammy Johnston, the lady behind KSA B...

Financial and Lifestyle Freedom for UK Business Owners

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