Profit Cash Growth

Understanding Cashflow 101 - Revelations, Trends, and Practical Guidance

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.
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ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

3 Sales Metrics To Include In Your Monthly Accounts

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!
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VALUABLE RESOURCES
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ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

Profitable Dilemma - To Reinvest or Enjoy the Rewards?

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.
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VALUABLE RESOURCES
Website
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ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

The Great Easter Egg Hunt - Mastering Seasonality

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!
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VALUABLE RESOURCES
Website
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TickTok
LinkedIn
ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

Magic Management Accounts - Knowing Your Business Numbers

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!
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VALUABLE RESOURCES
Website
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ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

Harnessing Rebates for Profit: Your Business Growth Secret

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!
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VALUABLE RESOURCES
Website
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TickTok
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ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

Cash Flow Cycles & McDonalds Dethroned As Breakfast King

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!
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VALUABLE RESOURCES
Website
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ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

A Budget From The Worlds Best Marketer - A Tale Of Tax

In today's podcast we review the budget and whether there's anything for small businesses to hang their hat on. 
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VALUABLE RESOURCES
Website
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ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

From A Garage To A Multi Million Pound Business & Our Budget Predictions

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. 
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VALUABLE RESOURCES
Website
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ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 

Don't underestimate the power of this for business growth

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!
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VALUABLE RESOURCES
Website
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TickTok
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ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.