Profit Cash Growth

How Smart Payment Runs Can Shape Your Cashflow #79

In this episode we discover how smart payment runs can transform your cash flow, offering insightful tips on how to efficiently manage supplier payments and strengthen financial controls. From categorising suppliers for smoother transactions to utilising technologies for stress-free approvals, learn how to establish a seamless and effective financial process in your business.
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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 content of this podcast is for entertainment purposes only and does not constitute professional advice.

Selling To Your Staff: The Rise of Employee Ownership Trusts (EOT's) #78

In this episode we delve into the intriguing world of Employee Ownership Trusts (EOTs). Claire Hancott, a seasoned finance director and chartered accountant, guides listeners through the mechanics and benefits of EOTs, revealing why they are becoming an increasingly popular exit strategy for business owners. Discover how EOTs offer a tax-free way to sell your company while ensuring a seamless transition to your employees. We unveil practical insights and a candid debate on whether an EOT might be the right path for your business.
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⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book
 
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. 
 
*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

How To Set a KPI That Actually Works! #77

This week, we dive into a dynamic and somewhat fiery discussion about the often-overlooked intricacies of setting Key Performance Indicators (KPIs) in business. The conversation takes an unexpected turn as Claire and Simon find themselves at odds over the best strategies for motivating teams and measuring success.
Delve into the nuances of KPI triangles, the balance between action and impact, and the importance of creating a supportive culture that empowers employees to take initiative. Whether you're setting KPIs, leveraging AI, or fostering a progressive work environment, this episode offers actionable insights and engaging perspectives.
⭐ 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
⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book
 
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. 
 
*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

CFO or Financial Controller: Which is Right for Your Business? #76

In this episode, we dive into a crucial question for business owners: does your business need a CFO or a Financial Controller? 
The podcast offers practical advice on assembling an effective finance team, detailing the crucial roles of a bookkeeper, financial controller, and CFO, and when businesses should consider each role. This episode is packed with valuable insights for business owners looking to streamline their finance functions and make informed strategic decisions. Don’t miss out on understanding the signals that indicate your business is ready for a CFO and how financial processes can drive 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
⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book
 
VALUABLE RESOURCES
Website
LinkedIn
YouTube
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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 content of this podcast is for entertainment purposes only and does not constitute professional advice.

How To Holiday For Free - Courtesy of Your Business #75

This week we delve into the fascinating nuances of business travel expenses and tax regulations. We explore the often misunderstood realm of what business expenses can be legally claimed, particularly when it comes to travel and entertaining staff.
We focus on the 'grey areas' of accountancy related to business travel expenses. It demystifies notions like 'wholly and exclusively' for business purposes and the concept of 'duality of purpose'. Through relatable scenarios and practical advice, we aim to guide business owners on what they could possibly 'hack' as allowable expenses, highlighting the importance of finding a savvy accountant who can navigate these complexities efficiently.
⭐ 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
⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book
 
VALUABLE RESOURCES
Website
LinkedIn
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Facebook
ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 
 
*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

Recession Ready: The Checks Every Business Should Be Doing Now #74

This week we delve into the critical need for businesses to become ‘recession ready’ as we explore the necessary steps six and seven-figure business owners should take to safeguard their ventures against economic downturns.
You'll get actionable guidance on how to prepare for potential recessions, including understanding your business's "margin of safety", effective cash management strategies, and reviewing your customer and supplier relationships to mitigate risks.
⭐ 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
⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book
 
VALUABLE RESOURCES
Website
LinkedIn
YouTube
Facebook
ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 
 
*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

The Hidden Taxes Lurking In Your Group Structure #73

This week we delve into the labyrinth of hidden taxes that lurk within your business structure. Claire outlines key considerations for business owners, from understanding the nuances of business rates, payroll taxes, VAT, and corporation tax, to the specific risks these pose to smaller group enterprises. We provide practical advice and real-world examples to help listeners navigate these potential pitfalls and optimise their financial planning.
⭐ 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
⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book
 
VALUABLE RESOURCES
Website
LinkedIn
YouTube
Facebook
ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 
 
*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

Help!?... I'm About To Run Out of Cash #72

In this week's episode of the Profit Cash Growth Podcast, we delve into cash flow challenges facing business owners. Claire shares her insights on navigating cash shortages and the practical steps business owners can take right now.
For business owners on the brink of a cash flow crisis, this episode outlines straightforward approaches to addressing the situation, from renegotiating with clients and suppliers to utilising government systems for financial relief. Also covered are potential pitfalls and emergency cash solutions, providing a comprehensive survival kit for any financial bottleneck. Tune in for this informative session aimed at empowering business owners to handle unexpected financial hurdles with confidence.
⭐ 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
⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book
 
VALUABLE RESOURCES
Website
LinkedIn
YouTube
Facebook
ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 
 
*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

Is Your P&L Lying To You? #71

This week we tackle the intriguing question: Is your P&L lying to you? Join hosts Claire Hancott, a seasoned finance director and chartered accountant, and Simon for a deep dive into the complexities of profit, cash flow, and business growth.
As you navigate through the financial maze, Claire explains why focusing solely on the profit and loss statement can be misleading. She unveils the full financial picture you need by considering cash flow statements and balance sheets. Discover how cash, not profit, is key to business growth, and learn practical strategies to improve cash management and drive business success.
 
⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!
⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe
 
VALUABLE RESOURCES
Website
LinkedIn
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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 content of this podcast is for entertainment purposes only and does not constitute professional advice.

What Is Revenue Per Person (RPP) & Does It Matter? #70

In this week's episode, we delve into the intriguing world of business metrics with a particular focus on Revenue Per Employee (RPP). Aimed at six and seven-figure business owners, your host is joined by co-host Claire Hancoctt, a seasoned finance director, chartered accountant, and entrepreneur, to explore how to drive profitability and enhance business growth.
 
Listeners will gain practical insights as Claire provides detailed industry averages and real client data to contextualise how RPP can signal efficiency, profitability, scalability, and even potentially appeal to investors. The hosts also offer strategic advice for small business owners on utilising RPP alongside other metrics to drive informed business decisions.
 
To Get Your FREE Copy of The PROFIT BY NUMBERS book go to https://www.profitcashgrowth.com/book
 
⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!
⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe
 
VALUABLE RESOURCES
Website
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Facebook
ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions. 
 
*The content of this podcast is for entertainment purposes only and does not constitute professional advice.