• Financial and Lifestyle Freedom for UK Business Owners

  • By: Annette Ferguson
  • Podcast
  • Summary

  • Financial and Lifestyle Freedom for UK Business Owners Profit pro and wealth coach Annette Ferguson teaches UK entrepreneurs how to break free from the vicious cycle of working hard, and start operating from a place of consistently increasing profit. Tune in every Monday, Wednesday and Friday to learn money hacks and business tactics so you can build a dream team, serve your clients better, and ultimately take home more money. She and her guests give no-nonsense finance strategies, UK business updates, and profit-increasing tips. Subscribe today to maximize your resources for profit, find the hidden wealth in your business, and achieve true financial and lifestyle freedom through the business that you have!
    Copyright 2022 Annette Ferguson
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Episodes
  • Jul 1 2022
    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 the business.  Here are a few insights you’ll hear in today’s show… Why is it important to understand what is happening in all areas of your business?  The difference between abdicating and delegating bits and pieces of the business. Connect to Annette Ferguson: Facebook - https://www.facebook.com/UKAnnetteFerguson/ (https://www.facebook.com/UKAnnetteFerguson/) Instagram - https://www.instagram.com/annetteandco_/ (https://www.instagram.com/annetteandco_/) YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA (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 (https://podcasts.apple.com/gb/podcast/financial-and-lifestyle-freedom-for-uk-business-owners/id1473582522)
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    6 mins
  • Jun 27 2022
    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.  Some of the causes why the business is not financially solvent is when there are money leaks happening in your business operation.    Here are a few insights you’ll hear in today’s show… What are the types of profits? How do you know if your business is financially healthy? How do you ensure that your business has physical cash profit? What does "Profit First" do and how do you operate it?  Why is it important that you identify and assess money leaks that are happening in your business? What are money leaks? Resources: Identify and eradicate money leaks: https://youtu.be/tKDmRApyrww (https://youtu.be/tKDmRApyrww) Understanding a profit and loss account: https://youtu.be/9R6QwNPsM7w (https://youtu.be/9R6QwNPsM7w) Understanding a balance sheet: https://youtu.be/EZ1cctAAnI0 (https://youtu.be/EZ1cctAAnI0) Connect to Annette Ferguson: Facebook - https://www.facebook.com/UKAnnetteFerguson/ (https://www.facebook.com/UKAnnetteFerguson/) Instagram - https://www.instagram.com/annetteandco_/ (https://www.instagram.com/annetteandco_/) YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA (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 (https://podcasts.apple.com/gb/podcast/financial-and-lifestyle-freedom-for-uk-business-owners/id1473582522)
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    10 mins
  • Jun 24 2022
    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 whether you are tight with your cash flow or whether your business is solvent. Here are a few insights you’ll hear in today’s show… What is the accounting equation? Explanation of accounting terms and how the accounting equations are always equal to each other? What are Assets, Liabilities and Equity? What is Retained Earnings in relation to future use in the businesses? What is a Balance Sheet and why is it one of the important reports concerning a business? More examples of the accounting equation Connect to Annette Ferguson: Facebook - https://www.facebook.com/UKAnnetteFerguson/ (https://www.facebook.com/UKAnnetteFerguson/) Instagram - https://www.instagram.com/annetteandco_/ (https://www.instagram.com/annetteandco_/) YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA (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 (https://podcasts.apple.com/gb/podcast/financial-and-lifestyle-freedom-for-uk-business-owners/id1473582522)
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    12 mins

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