Financial and Lifestyle Freedom for UK Business Owners
Business:Management
In this episode of from a Facebook Live, Annette shares her insights on the hardest lesson she had to learn as a small business owner. She discusses her experiences with hiring and firing, time management, and the importance of cash management in a business.
Annette explains that while she struggled with hiring and firing, she learned that ultimately, the buck stops with the business owner. She emphasizes the importance of taking responsibility for your business in order to achieve success.
She also stresses the importance of time management, setting boundaries, and analyzing how your time is spent in order to be more efficient and effective in your business.
However, Annette's biggest lesson came from understanding the importance of cash management. She discusses how for years, she thought that revenue growth would solve her business's financial problems. But it wasn't until she read the book "Profit First" and implemented its strategies that things changed for her. Annette realized that focusing on profitability and cash management was key to getting more money home from her business.
Annette concludes by encouraging her audience to read "Profit First" and to focus on cash management regularly in their businesses. She also announces that next week's topic will be on pricing and the cost of living in a crisis.
Overall, Annette's insights provide valuable lessons for small business owners on the importance of taking responsibility for their businesses, time management, and cash management.
Resources:
If you’re struggling to understand the accounting for your business, reach out to Annette at podcast@annetteandco.co.uk and join our Facebook group https://www.facebook.com/groups/915326342418247.
To know more about financial and lifestyle freedom and if you wish to receive updates on all the workshops that will help you increase your profitability and freedom from your business, just head on over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen to the Podcast - Financial and Lifestyle Freedom for UK Business Owners -
https://podcasts.apple.com/gb/podcast/financial-and-lifestyle-freedom-for-uk-business-owners/id1473582522
Avoid Becoming a Monster Business
Working Out Your Triggers
Mindset & Productivity Boundaries and How They Affect Your Profitability
Revisiting Your Values and Vision
Weak Boundaries Affect Profitability
Mindset and Limiting Beliefs with Dario Cucci
Realizing the Worth and the Standard Of Your Life You Should be Having
Perceived Value Pricing and Product Positioning
Setting up your Lifestyle Business
It's Finance Friday!! With Annette Ferguson
Everybody in My Industry Is Lowering Their Prices - Should I Follow Suit?
Money Is Masculine
Setting Up Bank Accounts - What is The Best Way To Do It
Non-Boring Accounting Challenge Day 2
Non-Boring Accounting Challenge Day 1
How Modulation of Your Self-Expression Affect the Cash You Have in the Bank
Should You Offer Your Services for Free
Getting Best Results for your Client
How I Ensure Steps Are Taken Towards My Goals Every Single Week
6 Steps to Health and Wealth in Your Business
Create your
podcast in
minutes
It is Free
Bank of America Treasury Insights
Human Capital Leadership
The Power of Music Thinking
BusinessWISE
The Home Service Expert Podcast