In this episode, we explore actionable tax planning strategies to help UK small business owners reduce their tax liabilities and maximise their savings. From claiming deductions to leveraging tax-efficient investments, this episode is packed with tips to help you prepare for the end of the tax year.What You’ll Learn:• The importance of proactive tax planning• How to maximise deductions and allowances• Tax-efficient investments to reduce your taxable income• Tips for preparing your self-assessment tax return• Last-minute year-end tax planning strategiesResources Mentioned:• Download the FREE Comprehensive Tax Planning Toolkit​Connect with Me:- Profit First UK Facebook Group: https://www.facebook.com/groups/915326342418247- Instagram: https://www.instagram.com/annettefergs/- LinkedIn: https://www.linkedin.com/in/annettefergusonuk/- Website: https://www.annetteandco.co.uk/

In this episode, we explore how to create a sustainable growth strategy for your small business. From setting SMART goals to managing cash flow and optimizing your operations, I cover all the essentials for growing your business sustainably.What You’ll Learn: • The importance of having a clear vision and SMART goals • How to budget and allocate resources effectively • Tips for streamlining operations and scaling your business • Strategies for building a high-performing team • Long-term planning and risk managementResources Mentioned: • Download the FREE Sustainable Growth Strategy ToolkitConnect with Me:- Profit First UK Facebook Group: https://www.facebook.com/groups/915326342418247- Instagram: https://www.instagram.com/annettefergs/- LinkedIn: https://www.linkedin.com/in/annettefergusonuk/- Website: https://www.annetteandco.co.uk/

In this episode, I break down the most common financial mistakes small business owners make—and how to fix them. From cash flow management to pricing strategies and tax planning, this episode will help you avoid costly errors and set your business up for long-term success.What You’ll Learn:• The importance of cash flow forecasting and keeping personal and business finances separate.• Why underpricing can hurt your business and how to price your services based on value.• How to create a budget that helps you track expenses and meet long-term financial goals.• Key tax planning tips to avoid year-end surprises.Resources Mentioned:• FREE Financial Mistakes Prevention Toolkit https://www.annetteandco.co.uk/financial-mistakes-prevention-toolkit/• The Profit Plan (Kindle Book 77p) https://www.annetteandco.co.uk/ppbookConnect with Me:- Profit First UK Facebook Group: https://www.facebook.com/groups/915326342418247- Instagram: https://www.instagram.com/annettefergs/- LinkedIn: https://www.linkedin.com/in/annettefergusonuk/- Website: https://www.annetteandco.co.uk/

In this episode, I explore practical strategies to manage and reduce business debt. Learn the difference between good and bad debt, how to assess your current debt situation, and the best methods to reduce debt while improving your cash flow.What You’ll Learn: • How to differentiate between good debt and bad debt. • How to assess your current debt and prioritise repayment. • Strategies to reduce debt, including the debt snowball and debt avalanche methods. • Tips for improving cash flow to pay off debt faster. • Long-term strategies to avoid falling into debt again.Resources Mentioned: • Business Debt Reduction Toolkit (Free Download) https://www.annetteandco.co.uk/business-debt-reduction-toolkit/Connect with Me:- Profit First UK Facebook Group: https://www.facebook.com/groups/915326342418247- Instagram: https://www.instagram.com/annettefergs/- LinkedIn: https://www.linkedin.com/in/annettefergusonuk/- Website: https://www.annetteandco.co.uk/

In this episode, I dive into the essential steps of financial forecasting—from predicting your revenue and controlling expenses to ensuring cash flow stability. Learn how to create accurate financial forecasts and use them to guide your business decisions with confidence.What You’ll Learn: • What financial forecasting is and why it’s critical for business success. • How to create a revenue forecast that sets you up for growth. • The importance of expense forecasting and planning ahead for costs. • How to ensure cash flow stability during growth periods. • How to use financial forecasts to make strategic decisions.Resources: • Financial Forecasting Toolkit (Free Download): https://www.annetteandco.co.uk/financial-forecasting-toolkit/Connect with Me:- Profit First UK Facebook Group: https://www.facebook.com/groups/915326342418247- Instagram: https://www.instagram.com/annettefergs/- LinkedIn: https://www.linkedin.com/in/annettefergusonuk/- Website: https://www.annetteandco.co.uk/

In this episode, I explore the pricing strategies that can have the biggest impact on your business’s profitability. I cover value-based pricing vs. cost-plus pricing, how to confidently raise your prices without losing customers, and how to effectively price for premium services vs. budget offerings.What You’ll Learn: • Why pricing is the most powerful tool to increase profitability. • The difference between value-based and cost-plus pricing—and why value-based pricing can help you capture more value. • How to raise your prices with confidence and keep your customers happy. • How to price for premium services and budget offerings without sacrificing profit margins.Resources: • Ultimate Pricing Strategy Toolkit (Free Download): https://www.annetteandco.co.uk/ultimate-pricing-strategy-toolkit/Connect with Me:- Profit First UK Facebook Group: https://www.facebook.com/groups/915326342418247- Instagram: https://www.instagram.com/annettefergs/- LinkedIn: https://www.linkedin.com/in/annettefergusonuk/- Website: https://www.annetteandco.co.uk/

In this episode of the Financial and Lifestyle Freedom Podcast, I dive into how to prepare your small business financially for growth. I cover cash flow forecasting, budgeting for growth, and strategic investment planning. These three components are essential for any small business owner looking to expand their business sustainably and confidently.What You’ll Learn:- Cash Flow Forecasting: How to predict your future cash flow to ensure your business has enough cash to grow.- Budgeting for Growth: How to set up a growth-focused budget and manage expenses.- Strategic Investment Planning: How to align investments with your business growth goals without giving specific financial advice.Resources Mentioned in this episode:- Cash Flow Planning Template (Free Download) https://www.annetteandco.co.uk/cashflow-template/ - The Profit Plan Kindle Book (77p on Amazon) https://www.annetteandco.co.uk/ppbook Connect with Me:- Instagram: https://www.instagram.com/annettefergs/- LinkedIn: https://www.linkedin.com/in/annettefergusonuk/- Website: https://www.annetteandco.co.uk/

In this episode, Annette dives into the advanced financial metrics every small business owner should be tracking to grow their business. Learn how to calculate and improve your profit margins, manage your operating cash flow, and measure your return on investment (ROI). These three metrics give you a clearer picture of your business’s financial health and help you make smarter decisions.What You’ll Learn:- How to calculate and improve your profit margins.- Why operating cash flow is crucial for day-to-day business stability.- How to measure ROI and make smarter investments in your business.Resources Mentioned:- Profit First Instant Assessment Template (Free Download)- Cashflow Planning Template (Free Download) - The Profit Plan (Kindle Book 77p) Connect with Me:- Instagram: https://www.instagram.com/annettefergs/- LinkedIn: https://www.linkedin.com/in/annettefergusonuk/- Website: https://www.annetteandco.co.uk/TranscriptWe’ll be talking about three key financial metrics that are essential for the long-term health and growth of your business: **profit margins, operating cash flow, and return on investment (ROI)**. These metrics give you a deeper understanding of how well your business is really doing and where you need to make improvements. So, let’s jump right in!”---#### **Segment 1: Profit Margins (3-5 minutes)**“First up, let’s talk about **profit margins**. **What are profit margins?**  Simply put, profit margins show how efficiently your business turns revenue into profit. There are three main types: gross, operating, and net profit margins.- **Gross Profit Margin**: This is your revenue minus the cost of goods sold, or in a service-based business, the cost of delivering your service.- **Operating Profit Margin**: This includes your operating expenses—things like rent, salaries, and utilities—giving you a clearer picture of your day-to-day profitability.- **Net Profit Margin**: This is what’s left after all expenses, taxes, and interest are taken into account. It’s your ‘bottom line’ profit.**Why does this matter?**  Profit margins tell you how well you’re managing your costs and pricing your services. Higher margins mean you’re keeping more of what you earn, which makes your business more sustainable.**How can you improve profit margins?**  There are two main ways: increase your prices or reduce your costs. Sometimes it’s as simple as streamlining your processes or eliminating unnecessary expenses. I cover this in detail in my free **Profit First Instant Assessment Template**, which you can download to evaluate where your profits are going and where you can improve.”---#### **Segment 2: Operating Cash Flow (5-7 minutes)**“Next, let’s move on to **operating cash flow**. **What is operating cash flow?**  This metric measures the cash your business generates from its core operations. It’s not the same as net profit because it focuses solely on cash transactions—money coming in from sales and going out for...

In this episode on the Financial and Lifestyle Freedom Podcast, Annette shares how service-based business owners can increase their profitability without raising their revenue. She dives into three practical strategies to help you maximise profit margins: cost-cutting, pricing strategies, and upselling to existing clients. Tune in to learn how small tweaks can lead to significant improvements in your bottom line.What You'll Learn:- Why profit margins matter more than revenue for service-based businesses.- How to cut costs without compromising quality.- How to implement value-based pricing and raise prices effectively.- Tips on upselling and cross-selling to boost the value of each client relationship.Other useful resources: - Profit First for UK Business Owners Workshop (£27)- The Profit Plan (Kindle Book)Connect with Me:- Instagram: https://www.instagram.com/annettefergs/- LinkedIn: https://www.linkedin.com/in/annettefergusonuk/- Website: https://www.annetteandco.co.uk/Transcript: Today, I’ll be walking you through three key strategies—cutting costs, refining your pricing, and increasing the value of each client relationship through upselling. So, let’s jump right in!”Boosting Profitability: Why Profit Margins Matter As business owners, we often think that the key to profitability is increasing sales or revenue. But the truth is, profit margins—how much profit you keep from each pound earned—are just as important, if not more.When you focus on maximising profit margins, you're making sure that the work you’re already doing is as efficient and profitable as possible. This is particularly critical for service-based businesses, where your main cost is time. Unlike product-based businesses, where scaling can be about moving more inventory, in service-based businesses, it’s about working smarter, not harder.Boosting Profitability: Cost-Cutting StrategiesThe first strategy to boost your profit margins is reducing your costs. Now, when people hear ‘cutting costs,’ they often think of extreme measures like laying off staff or cutting down on service quality—but that’s not what we’re talking about here.Cost-Cutting That Doesn’t Sacrifice Quality:1. Renegotiate Contracts: Take a look at your existing contracts and subscriptions—are you paying for tools or services that aren’t delivering value? Contact providers and try to renegotiate your rates, especially for software, contractors, or marketing services.  2. Automate Repetitive Tasks: Time is one of your biggest costs as a service-based business owner. Look at what repetitive tasks can be automated—things like invoicing, scheduling, or even elements of client communication.3. Cut Non-Essential Spending: Review your expenses and identify where you might be overpaying. For example, are there any marketing strategies or tools that aren’t delivering a return on investment? Free up cash for more important areas of the business.Boosting Profitability: Pricing Strategies for ProfitabilityNext, let’s talk pricing. One of the fastest ways to boost your profit margin is by adjusting your pricing strategy. Too often, business owners set their prices based on time spent or what competitors are...

If you've observed a decline in the frequency of one or two customers purchasing your products or services, it may indicate that they have churned. While most businesses face churn, it's essential to keep track of it. Research suggests that retaining existing customers is more cost-effective than acquiring new ones.In this episode, Annette will provide you with some useful tips to prevent churn in your businessHere are a few insights you’ll hear in today’s show…What is ‘churn rate’ and do you compute the churn rate?Why is it important to monitor churn rate and why is it more effective to retain customers rather than acquiring new ones? What are the causes of churn?How do you reduce churn, what are the strategies that you can implement in your business? How to measure the success of your churn-reducing strategies.Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

As a business owner and a mother of two, my morning routine has to involve my family. I value family time, so I'm always there to help my children get ready for school and eat breakfast together. I've tried the "get up at 5 am and get your day done by 11" routine, but it's not sustainable for me. It's crucial to design a morning routine in the context of one's family and how one wants their family to operate. I usually start my workday after my children leave for school. I review my calendar and have a daily huddle meeting with my team. Sometimes, I exercise in the morning, but it's not a regular part of my routine. I don't do affirmations, journaling, or any of the popular morning routines. Instead, I suggest doing a brain dump at least once a week to organize all the swirling to-dos in one's head.Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Simply having numerous customers who owe significant debts does not necessarily equate to a successful business. In fact, it can be detrimental, particularly to the cash flow. Therefore, although offering credit to customers can be beneficial, small business owners should understand the potential negative impact that trade debtors may have on the company's stability.Here are a few insights you’ll hear in today’s show…Steps to manage trade debtors:1st Step - Understand your payment terms - What are payment terms and how it can affect your cash flow?2nd Step - Send out invoices on time.  3rd Step - Chase late payments4th Step - Make sure you monitor your accounts receivable - What are Accounts Receivable?5th Step - Offering discounts for early repayments6th Step - Setting clear credit limits 7th Step - Invoice Factoring - What is invoice factoring?8th Step - Build strong relationships with customers9th Step - Consider offering payment plansResources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Today's episode is about my favourite motto: trust your gut and understand the data. I explain the importance of both trusting your intuition and analyzing data when making business decisions.Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

There are several bottlenecks business owners face and need to overcome in order to scale and grow their business to successful fruition.  It is often said that some business owners themselves are the bottleneck of their business.  That is why it is important to look into yourself and see what’s hindering you from unclogging the bottlenecks in your business.  A business owner needs to be open to feedback because being at the center of the business may mean not seeing what’s in the hindsight.  Here are a few insights you’ll hear in today’s show…What are some examples of bottlenecks that can occur in any area of your business?What are the four steps to identify bottlenecks in your business?How do you eliminate those bottlenecks so that you can grow and scale your business? Why does the owner themselves become the bottleneck of the business?Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

In this episode, I discussed the current economic climate of slow wage growth and high inflation leading to the cost of living crisis situation. You will hear how this impacts businesses and why it is essential to understand the situation even if you are in a B2B environment.I suggested ways to navigate pricing and revenue strategy in a declining economy, such as cost-cutting, reducing waste, and streamlining processes to be more efficient with operations. Additionally, you will learn to assess the value stack and different pricing points to provide options for price-sensitive buyers. I highlighted the importance of value-based pricing, even during tighter economic times, and suggests an exercise to help businesses understand the value they deliver and how it links to price.Finally, find out the importance of being transparent with pricing and communicating any price increases to customers or clients. Overall, this episode provides practical tips and strategies for navigating the cost of living crisis in a business, ensuring profitability, and delivering value to customers and clients.Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

It is a common struggle for most small business owners to move up from the five-figure to six-figure revenue in their business and oftentimes, they can’t seem to move out of a revenue plateau being experienced in their business.  As business owners you need to be able to pivot and shift in order to create space to move up the next level. Listen to this episode and learn from Annette the three shifts necessary to create the needle mover in your business.      Here are a few insights you’ll hear in today’s show…Three Shifts to Move from a 5-figure Business to a 6-figure OneShift #1 - From Doing to delegating - Why is there a need to delegate as the business grows?Shift #2 - Moving from reactive to proactive - What is the difference between the reactive and proactive approach?Shift #3 - Moving from transactional to relationship-based approach - Why is it important to consider a long-term relationship with customers and clients? Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

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 [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Experiencing a plateau in business revenue can be a daunting and discouraging experience, particularly when it appears to be challenging to overcome. This is a common situation that many small business owners face, but the positive news is that there are effective approaches to break through these plateaus. As a business owner, it's critical to remain receptive to change and seek out strategies to overcome these challenges, which Annette will discuss in this episode.   Here are a few insights you’ll hear in today’s show…The Six Steps to Break Through Your Revenue Plateau- Step #1 - Revisit your revenue plan - Why do you need to reassess your business and profit plan?- Step #2 - Diversify your revenue streams -  What consideration do you need to check first before adding a new income stream to your business?- Step #3 - Increase your marketing efforts - What are some of the marketing efforts that you can utilize to raise awareness for your brand?- Step #4 -  Improve your customer service - Why is it important to gather insights directly from your customers?- Step#5 - Evaluate your pricing strategy - What  different pricing options can you offer to your clients?- Step #6 -  Focus on operational efficiency - What are the ways by which you can improve your operational efficiency?Resources:- If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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

Today's podcast is from a Facebook live where Annette Ferguson discusses her experiences with investments and money leaks in her business journey. She shares the good and bad choices she's made and offers valuable advice to help others avoid making the same mistakes.Money leaks in business investments:a. Investing in complicated CRM systems that are not suitable for the stage of the businessb. Spending money on branding too early in the business journeyc. Investing in multiple programs and courses at the same time without proper implementationd. Being a member of multiple memberships simultaneouslye. Investing in a program to learn about its backend operation instead of directly consulting the program creatorGood investments in business growth:a. Building a reliable team and setting them up for successb. Automation tools like Zapier to save time and energyc. Internal communication tools like Slack for efficient team communicationd. Investing time and effort into business growth, sales, and marketingBy understanding her past experiences, Annette hopes that others can avoid some of the money leaks she encountered and make better decisions when it comes to investing in their businesses.Resources:- If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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

As a small business owner, you might fall into the trap of three common pricing mistakes in your efforts to attract or retain clients. Unfortunately, the outcome of such actions can lead to losing clients instead. By listening to this episode, you can gain insights on these three pricing errors and learn how to avoid them effectively.Here are a few insights you’ll hear in today’s show…- Red Flag #1 -  Pricing based on cost and not on the value you offer - How to avoid this red flag?- Red Flag #2 - Pricing your services too low - What wrong signals do you give to clients when pricing is too low?- Red Flag # 3 -  Not adjusting your pricing accordingly - Why is it important to review your pricing regularly?Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Let’s face it, running a business is really daunting and looking at the direction of other businesses for comparison or trying to copy what they have done will bring you out of focus in your own business.  When you are out of focus on your own business, this can be detrimental to your own success. Listen to this episode and hear from Annette her reasons why it is not worthwhile to compete with others and what you should do otherwise. Here are a few insights you’ll hear in today’s show…What is the first reason why comparing yourself with other businesses will not work?  (...What do you need to do instead?)Why is comparing your business with others a waste of time and energy?What is the point in comparing yourself with other people's businesses of which you do not have control?Learning from others, not copying them is the better way rather than competing.Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Taking it from Annette’s personal experience,  especially when you are starting with your business, there will be use of time that is not going to be productive for you and the business.  In these Training Tuesday live sessions, Annette will share how she is able to cut the unproductive time that is taking her time which should have been for productive use for the success of her business.  Here are a few insights you’ll hear in today’s show…Tracking time is the first important step to know where your time is going.Why is establishing boundaries and knowing when to say 'No' is important, not only in business but in your life? Having a structured schedule helps in getting all your tasks done. Why is it important to understand which tasks you need to prioritize?Annette's 5th step - Assess what else can be automated and technologically systemized in your business.What should be checked first before delegating to others?The final step - Setting goals and tracking progress.Resources: Time Tracking Softwarehttps://quickbooks.intuit.com/time-tracking/Paper Diaries from Ponderlilyhttps://ponderlily.com/Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Knowing who your ideal client is beneficial to you as a business owner because you can save time, money and effort with a targeted market.  Of course there are some industries where they can cater to all kinds of clients but for most small business owners, you need to identify who they are so that you can tailor your products, services and product development for them. Demographic information plays an important part in identifying your ideal client because knowing their age, location, income level, etc can be a source of repeat customers. Here are a few insights you’ll hear in today’s show…Who is an ideal client? Why is it important to have targeted marketing?How do you build a loyal customer or client base and how do you go about identifying your ideal client?What are the six ways that you can connect with your ideal clients?Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Do you know why big companies consistently buy air time for their advertising in TV programs and even in online shows on YouTube? They do this so that people will remember their brand, causing more people to purchase more from their business.Now for  small businesses, it may not be as big in paid advertising for big companies, because needless to say, there has to be a budget for that, but  other than paid advertising there are various ways to put your brand in front of potential buyers, customers or clients without spending so much.   Here are a few insights you’ll hear in today’s show…In today’ digital age, it is now possible to build a strong online presence.Why is maintaining an active social media presence important for your brand’s visibility?Publishing quality content that is informative, engaging and relevant is important to your audience.How to utilize paid advertising effectively?Why is partnering with other businesses a powerful way to increase visibility?How to identify relevant industry events that will place you in front of ideal customers and clients?Why do you need to leverage the power of email marketing?Engaging with your audience does increase your loyal customer base.Why is visibility essential to increase profitability?Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Usually when you are a small business owner, people are quick to judge that you came from a working class family or you came from poverty.  In that case, however, that is not something to be ashamed of, instead it is something to be proud of.  It is proof that you are exerting your best effort to uplift your circumstances.  And, mind you, there are a lot of small business owners who are successful in their entrepreneurial pursuits. To be successful, one of the actionable steps is in your mindset. Listen to this episode and learn what actionable steps to take to achieve success regardless of where you came from.Here are a few insights you’ll hear in today’s show…Actionable step number one - Your mindset. What is the growth mindset and why is it important?Actionable step number two - Building a strong network for supportActionable step number three - Learning from others, not only from others but from various resources that are available. Actionable step number four - Networking and building relationships. Actionable step number five - Taking ActionActionable step number six - Overcoming challenges.  What are the keys to overcoming challenges?Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

When you have a small business, you want to make sure that you are overseeing your business personally and probably doing so many tasks that can completely overwhelm you.  Before you know it, you have  totally forgotten how to take time out for yourself, to recharge or replenish your energy.  When that happens a lot, it can be the cause of sickness and can be damaging to your mental health, as well. In today’s episode, Annette will walk you through her simple strategies to prevent burnout and redeem yourself from overwhelm.    Here are a few insights you’ll hear in today’s show…Strategy number one - Setting Clear BoundariesStrategy number two - Delegating TasksStrategy number three - Automating ProcessesStrategy number four - Prioritizing Self Care Strategy number five - Time BlockingStrategy number six - Mindful ManagementResources: Automation Software and ToolsZapier - https://zapier.com/Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

As a small business owner, it is very easy to be sidetracked in the day to day operations of your business,  because being small you may be doing several capacities in your business.  This often leads to forgetting important aspects of your business such as customer service, marketing or keeping track of your finances. So if you are a business owner and you really want to be able to realize profit and take-home pay, you should listen to this episode. Here, Annette will share her strategies to be on the right path for profit.    Here are a few insights you’ll hear in today’s show…The importance of planning and goal setting.  What are the benefits of goal setting? What does the acronym S.M.A.R.T stand for?What are the things that you can do to simplify your business processes?Why is proper time management important in productivity and for achieving your goals?How can time blocking help with scheduling?Why is it necessary to keep track of your finances?What are some strategies for growth?Resources: Automation Software and ToolsTrello - https://trello.com/Asana - https://asana.com/Notion - https://www.notion.so/Zapier - https://zapier.com/Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Implementing automation in your business processes can benefit a lot for your business in terms of productivity and efficiency.  Automation is highly encouraged especially on tasks that are done on a repetitive cycle, on tasks that aid in marketing campaigns, improve on customer satisfaction and the like.   However, before you go into automation there are many things to consider, such as which tools are really necessary, as well as the budget for these new tools and software.  There has to be a balance on the long term benefits versus the money spent on technology solutions. It is really important to study the feasibility of incorporating automation into the business, so that growth can be a reality.Here are a few insights you’ll hear in today’s show…- What is automation and how can it help your business grow?- In what ways can automation help small businesses grow and become more efficient?- How do we introduce automation in our business, what are the steps we can do to integrate automation in our business processes?- What are the factors to consider when choosing the right tools for automation?- Some examples of automation software  and applications that can be used and what are the specific areas in your business that these tools can help with?- What are the steps to implement automation in your business workflows? - In what ways can you train your employees once you've chosen the new tools for your business?- Why is it important to monitor the performance of the chosen automation software? (...What are the steps to monitor the performance of a software?)Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Running a business can overwhelm us and if we don’t know how to combat it, the results can be detrimental to your business.  You as the business owner are the most important asset of the business and as such must prioritize your well being, to keep up with the daunting tasks of making your business afloat. In this episode, Annette will give us insightful strategies to conquer overwhelm and by implementing these tips, you can reduce stress, stay present in the moment and focus on what you can control in running your business.Here are a few insights you’ll hear in today’s show…- Why is it not good to do everything all at once?- What are the benefits of setting realistic goals and breaking them into specific time lines?- Why is smart delegation important to prevent overwhelm?- How can you achieve productivity and real results?- Why is it important to analyze both, what’s working and what’s not working? - How does rewarding yourself sustain motivation and enthusiasm for your work?- Why is there a need for continuous learning when running a business?Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

When starting a business, you have to make sure that the money you’re spending on, is what you really need to get you moving. Say if you have £1,000 that you can spend to start a business, you don’t want to spend money on things that are not cost efficient.   Start by understanding your business concept and who your target customers are.In this episode Annette will give her recommendations on where to allocate your £1,000 and also, what things you should not spend money on just yet.Here are a few insights you’ll hear in today’s show…Annette’s recommendation on where to spend your  £1,000 when starting a business from scratch.What not to spend on and the reasons for not spending on those, yet?  Resources: Book mentioned - Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine  by Mike Michalowicz https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4To receive the core chapters of Profit First in PDF, go to - https://www.annetteandco.co.uk/pfbook/Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

We can all set goals, but if we don’t take action on those goals, it will remain just goals.  For you to achieve your goals and guarantee that you will succeed, there are four key strategies that you can follow, as recommended by Annette in this episode.Here are a few insights you’ll hear in today’s show…How do we manage to hit our goals? (...Why is motivation important to achieve your goals?)Why do you need to break down your goals into manageable steps?How can you hold yourself accountable to your goals?When it comes to achieving your goals, why is it so important to take consistent action?Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

All businesses go through some kind of failure many times over.  Bigger and well known companies go through the same and in a much bigger context of failures.  The key here is to have that resilience and never give up.  In this episode, Annette will share her top eight tips that she used when she experienced failures in her business.Failures are normal, make it your stepping stone to success!Here are a few insights you’ll hear in today’s show…Top Tips on how to bounce back from failuresNumber One - Don't take it personally. Number Two - Analyze what went wrongNumber Three - Learning from those mistakesNumber Four - Take action and move onNumber Five - Don't Give UpNumber Six - Surround yourself with positive peopleNumber Seven - Stay Motivated Number Eight - Believe in yourselfResources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Whether you are just starting out or already operating your small business, these tips from Annette will prove to be helpful as you gear up for your business success.  Not only are they practical, but they will be your guide in almost all aspects of your business and the good thing is,  you can apply those pillars for success in your personal life, as well.Enjoy listening!Here are a few insights you’ll hear in today’s show…Why does self-confidence serve as the foundation of success?How can a clear vision and mission help a small business succeed?The importance of setting goals and tracking progressWhy is staying organized the key to the success of a small business organization?What are the benefits of not giving up regardless of failures?Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Business owners have their personal and business life, too and when they don’t know how to properly allocate their time, most likely either the business or family gets affected.  In this episode, Annette will show you some of her rituals that she does in order to increase her productivity and still have time for activities for her family and kids. You can adapt these rituals to create whatever success looks like for you.   Here are a few insights you’ll hear in today’s show…Simple Rituals that will help you with productivity when you are at workWhy is exercise number one in Annette’s rituals?In what ways are you able to focus when you are at work?Why is having boundaries with your time beneficial for your family?Getting enough sleep does help with productivity.Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

All of us have money goals and we want that there is enough cash flow for our take home pay that we can spend on necessary things, save up for a planned  vacation or for a big purchase.  There are five strategies that Annette will share on how she is able to hit her money goals.  Being disciplined with your spending habits is one of them.  For sure, no goal is impossible if proper strategies are  put into place. Here are a few insights you’ll hear in today’s show…Step one in the strategies to hit your money goals - Build a profit plan.  Why is analyzing historical data on actual income and expenditures an important strategy to hit your money goals?Why do you need to monitor your monthly spending and revenue goals?What is the main component in staying disciplined with your spending habits?Why is making changes in the profit plan important to stay on track?Resources: Xero Accounting Software - https://www.xero.com/Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

As I have always said, there will always be busy and slow seasons in a business and how you make use or manage your time in those seasons can greatly affect your business growth. It is an opportune time during the slow season to take a stack of what things you can focus on, for example, creating a schedule and sticking to it.  Or you can take care of yourself so that you will have the energy required when the busy season steps in. When you prepare during your slower seasons, you can set yourself up for success when things start picking back up again.  Listen to Annette’s tips on how to make better use of your time.  Enjoy!Here are a few insights you’ll hear in today’s show…- Why does scheduling prevent the paralysis of perfectionism?- Getting automation can help make the busy times less stressful. - Why is setting schedules allows us to make progress?- What is a good trick to have a good plan and stick to it?- Why is good organization a key to stay on top of those commitments?- What has research proven when having a positive mindset? Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

As a business owner, it is really hard to be looking at your business experiencing highs and lows?  It is not a very good feeling and perhaps you may be contemplating whether to push forward or close the business all together.  Don’t give up too soon because there are remedies that you can do to overcome those peaks and valleys. In this episode, I will give you six mindful strategies  that will help your revenue to be consistent. Highlights of this episode:- Why is getting familiar with all all the components of your business important?- How can you manage your expenses during high and low revenue periods?- Why is it advisable to invest in marketing and advertising only during the peak season?- Automation is a great way to make good use of your time. - Why is it important to stay positive and focused during lower revenue periods?- Celebrating even if they are just small wins.Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

As business owners, we all have a natural desire for freedom. Whether it's financial freedom, freedom from stress and anxiety, or the freedom to pursue our passions and interests, we all want to feel a sense of autonomy and control over our business. But how do we go about achieving this freedom?Listen to this episode to get some steps you can take to do just that.Highlights of this episode:- Make a list of things that are important to you as a small business owner- How to create the sensation of freedom that comes with running your own business- Setting boundaries for yourself and your time- Don’t discount anything, cheer yourself on and revel in your accomplishments.Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

As a small business owner, you know that a remote team can be an essential part of your company. In this episode, I'm going to show you how to manage a remote team and get the most out of them. Highlights of this episode:How remote teams can be a key to your successWhat is the limit to what a remote team can achieveThe importance of regular check-ins with remote team membersHow do you build trust between the membersResources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

In this episode, I'm going to share with you the steps you need to take in order to make six figures and then bring that money home. As I mentioned, this is a big claim, but one that many gurus make. I can back it up with the actual steps necessary for success.Highlights of this episode:How to start making and then taking six figures.Why you need to figure out what your business stands for.A strategic plan helps keep you on the course, and alerts you of potential pitfalls.How do you know if you’re ready to take your business to six figures?Building out a robust marketing plan.Resources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

I'm sure you've read Jack Welch's quote, “If you have any kind of success in this business, it'll be a run away train.” He was talking about the growth phase of a company. When exponential growth becomes the new normal and you can't keep up with the pace. Well, creating predictable and profitable growth for your business isn't reserved for Fortune 500 companies and startups. You can do this too, whether you're an entrepreneur or work at a small business. And I'm going to show you how it's done in today's episode....Highlights of this episode:Understanding what growth means for your small businessSetting realistic goals and objectives is key in creating predictable and profitable growth for any small businessCreate a plan to achieve your objectives. Implement the plan and track resultsAdjust your plan as needed when it comes to creating a successful businessResources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Growing your business, regardless of its size, may be challenging. This does not have any special formula and cannot be done overnight. It is an ongoing process that must be maintained with hard work, concentration, and determination.There are things that you can do to grow your business, and Annette will share four tips that can help you. You can implement these tips in your business. Grab a pen and paper, take notes, and start growing your business. Enjoy!Highlights of this episode:Four tips that will help you grow your small businessKnowing what is really working or what is notWhy investing in technology can help you in automating tasksHow being realistic can contribute in developing your business plansResources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Whether you are a startup or an established business, you will face challenges. You will experience being trapped in your business and may struggle to keep yourself moving. Now, the real question is, how do you make the most of it?Annette will share with us how to get real results in your business by conquering the chaos. First, stop doing everything by yourself. Start to delegate tasks to other people. Focus on one task or break those large projects into smaller goals. Take it one step at a time, and you will feel less overwhelmed. Next, set your fixed office hours and let your clients know your availability. Another is learning how to say NO.For more tips from Annette, stay tuned to learn more!Highlights of this episode:How to get real result in your businessThe value of learning on how to say NOThe importance of delegating tasks to other peopleLet your clients know your availabilityHow to implement systems and processes to track your progressResources:If you’re struggling to understand the accounting for your business, reach out to Annette  at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Getting things going is one of the many things that people struggle with. Creating momentum, especially in business, becomes difficult as it progresses. But it is not as difficult as you might think. Being organized and beginning to set clear goals for your business is the first critical step in getting things moving.Annette will talk about how to create momentum in your business. She will show us how it is done, leading to success. It's best to grab a pen and paper and take notes on Annette’s tips on how to keep things moving in your business. Enjoy!Highlights of this episode:The importance of knowing your short-term and long-term goals5 Steps on how how to keep things moving in your businessBeing organized is one of the keys to successDefining your goals as the first key stepResources:If you’re struggling to understand the accounting for your business, reach out to Annette  at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

In this digital age, email, text messaging,and the use of other messaging applications are some of the means of communication. It is important to be organized and be on top of those messages that come through.Annette will share with us today six simple steps on how to control your inbox and to reduce stress on what comes along with it. This is one of the significant steps that you have to do to fully maximize your time because checking and responding to messages can take so much of your time. You may also feel overwhelmed with the amount of messages that you receive and may cause stress.With the six steps that Annette will share, it can save you plenty of time, reduce stress, and be able to control all your incoming messages. Best is to stay tuned and take notes of these steps.Highlights of this episode:How to control your inboxMake a schedule on when to check and respond to messagesSetup rules and filters of messages based on certain criteriaUtilize different applications in scheduling emailsUnsubscribe to different mailing list that you are no longer interestedResources:If you’re struggling to understand the accounting for your business, reach out to Annette  at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Success is a very subjective term, and its meaning differs for different people.Annette will share with us what success means and how you can achieve it in your own business. First, you have to define what success really means to you in order to create a path leading to your goals. Second is setting SMART goals: specific, measurable, attainable, relevant, and time-bound. Next, start creating your plan and sticking to it. Lastly, celebrate your accomplishments and even your small wins.Highlights of this episode:What does success really mean to you?How sticking to your plan makes greater successThe importance of celebrating your accomplishmentsWhat are SMART goals?Resources:If you’re struggling to understand the accounting for your business, reach out to Annette  at [email protected] 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-4R5mKfEW9rBQ1qAListen 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

Are you planning to start your business? Having second thoughts?You are probably thinking if it is the right time for you to start a business. There are a few things that you need to consider before starting your journey in the business industry. One of which is when you have an idea for your business and when you feel passionate about it. Moreover, if you are ready to invest your money and time in building your business. Take the risk if you are really willing to start your business. Also, having a strong support group, family, and friends, can lead you to a better position in creating your business. Annette will cover when is the right time to start a business. Stay tuned and listen for tips and advice on when is the right time to start a business.Highlights of this episode:When is the right time to start a business?What are the preparations needed in starting a businessThe importance of learning from your mistakesStart with having your own idea about your businessResources:If you’re struggling to understand the accounting for your business, reach out to Annette  at [email protected] 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 of all the workshops that will help you increase your profitability and freedom from your business just head on to https://www.annetteandco.co.uk/want-our-emails/.Connect to Annette Ferguson:Facebook - https://www.facebook.com/UKAnnetteFerguson/Instagram - https://www.instagram.com/annetteandco_/YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qAListen 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

Business models are fundamental in all types of businesses. This should be the best fit for your business. In order to know what might fit in your business, you have to ask yourself some questions that answer what you are good at and what things you enjoy doing. It is important to answer those questions and allow yourself to capitalize on your strengths when choosing the right business model. Also, as a business owner, you must be flexible in making adjustments to your business model to adapt to an ever-changing world.In today’s podcast episode, Annette will teach us about the different types of business models that are available to small businesses and which might fit you. It is also best that you conduct your own research to find out the perfect business model for you.Stay tuned, learn more, and achieve success!Highlights of this episode:How to find the right business model for your small businessHow to sell products that you create yourselfWhy it’s important to test your business model before launching itThe significance of flexibility in businessA deeper understanding of business model as a processResources:If you’re struggling to understand the accounting for your business, reach out to Annette  at [email protected] 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 of all the workshops that will help you increase your profitability and freedom from your business just head on to https://www.annetteandco.co.uk/want-our-emails/.Connect to Annette Ferguson:Facebook - https://www.facebook.com/UKAnnetteFerguson/Instagram - https://www.instagram.com/annetteandco_/YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qAListen 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