As a business owner, you have to make sure that you are receiving your income regularly. This is a process that should be done with continuity so as not to be stuck on your business. With this, increasing your income will be done by being on the right track and deciding what will be the best for your business.In today’s podcast episode, Annette will get us through your income and how to increase your take-home. Also, she will give further details about other expenses that you make on your business and Annette will share an exercise on keeping tabs on your money leaksHighlights of this episode:Two important things you need to increase your take homeHow to make sure your expenses are delivering a positive returnWhy do you need to be consistent with your growth strategyWhat do you need to do to get your costs under controlResources: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

80% of businesses fail in the first couple of years and beyond three to five years, statistics become worse. But the good news is that over 90% of Self Made Millionaires do so through their own business. There are risks in starting your own business that at some point either you will lose confidence or you come out strong to have your business up and running.It is not the smartest person in the room that gets to have a successful business but it is someone who is disciplined enough to spend less than what they earn, someone who creates effective key strategies in place and grows their business to be successful and achieve their goal. Annette will discuss all the key strategies for business owners to avoid becoming one of those Failure Statistics.Highlights of this episode:What causes business failure?How to find financial freedom?The importance of strategizing in your businessKey strategies to avoid business failureResources: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 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

Starting your own business or owning a company does not stop there. You have to properly strategize on how you can grow and succeed in your business. As a CEO, you must have control over every aspect of your company.In today’s podcast episode, Annette will talk about how to think like a CEO to grow your business faster with the key things that she wants you to understand, and practice: a positive mindset, strategy in all aspects of your business, and understanding the data in your business. Developing a way to track and monitor your business and creatively do an effective strategy to grow your business faster are some of the key traits of a great CEO.Highlights of this episode:The importance of having a positive mindset in your businessWhat are the leading and lagging indicators in your business that will tell you about your business ahead of time?Key things that you have to take note of as a CEOResources: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/915326342418247Cash flow Planning by Annette Ferguson on Youtube: https://www.youtube.com/watch?v=KOuX9VWixwoConnect 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

Appropriate pricing is important in your business as it may also be related to the value of the service or product that you offer to your client and prospects. This is one of the things that you have to decide in building your business because it can make or break what you have started. Annette will delve into pricing and specifically why it is important to look at your pricing on a regular basis in your business. Also, Annette will help you with how you can check your pricing with an exercise. Grab a pen and paper and stay tuned.Highlights of this episode:Why It’s Important to Look at Pricing Regularly in Your Business?How do you know if your pricing is profitable?Free!!! Pricing exercise from AnnetteResources: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/915326342418247Sign up and be part of the email list to get value-packed emails into your inbox!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

In building your own business, there are things that you have to prepare. Your website, physical store, or office, hiring employees that will be an asset to your business, and so much more. On top of that, there should be your business budget.In today’s podcast episode, Annette will enlighten all of us about the news regarding the mini budget and what it means to small businesses.Highlights of this episode:The importance of a mini-budget for small businesses?What has today’s mini-budget announced that is relevant to small business owners in the UK?Are there any changes that will create an impact on small 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/915326342418247Sign up and be part of the email list to get value-packed emails into your inbox!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

A business continuity plan is vital in every business. Creating a business continuity plan creates awareness and reduces risks for inevitable situations.  A business owner must prepare this plan as it can practically help your business be prepared for different crises or emergencies, be it personal, family, community, or even globally like what happened during the onset of CoVid.Annette will give us her insight on how she does her drop everything and run-plan based on her recent experience.Highlights of this episode:The importance of having a continuity planHow to put everything in placeResources: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/915326342418247Connect 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

Cash is the lifeblood of a business and running out of it is the number 1 reason why businesses fail. Every business begins and ends with a positive cash flow. The cash flow determines the amount of money that goes in and out of your business.Annette will go through five cash flow must do’s in your business and remarkably be a successful business owner. The 5 must do’s in your business are structuring your payment terms, positive impact of leasing, cash flow forecast, pricing profitability, and eliminating money leaks.Highlights of this episode:What is cash flow?5 Must Do’s in your businessImportance of leasing in businessProper pricing of products/servicesResources: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/915326342418247Links:Watch this podcast episode on Youtube: https://www.youtube.com/watch?v=gR92Xgnkhw8Cash flow Planning by Annette Ferguson on Youtube: https://www.youtube.com/watch?v=KOuX9VWixwoConnect 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

If you want to start your own business, accounting is one of the vital things that you have to understand and apply. Or if you already have your own business established, are you certain that you did not leave anything? Do you already have all the data in your business?What really is financial accounting and what is its purpose?The main purpose of financial accounting is to report the financial performance of a business. It provides information to external parties such as investors, creditors and tax authorities. It can also overlap with management reporting when it is used to make internal business decisions.Annette will help you understand the 10 key principles of accounting and she will cover each one of it. It is important for you to know the essence of these 10 principles, this is the foundation for all accounting work, in your annual accounts, income statements, profit and loss account, balance, etc. Also, she will share 8 steps on how accounting works in reality called the Accounting cycle.Highlights of this episode:What is financial accounting?Deeper understanding about the 10 principles of accounting?What is Double Entry Bookkeeping or Bookkeeping?Why is double-entry bookkeeping important?What are Financial Statements?Where do bookkeeping and accounting meet each other?8 Steps on how accounting really works in reality or Accounting CycleResources: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/915326342418247Youtube link of the episode: https://www.youtube.com/watch?v=7JznXhmGpRoConnect 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

If you want to start building your own company, you must first understand the law and its regulations. One of which is having a registered office address to which all communications and notices may be addressed. It falls under Section 86 of the Companies Act of 2006.Aside from the registered office address, you might also hear the service address and business address. Do not be confused with all of these, Annette will share her knowledge about the difference between a registered office business address and a service address. This type of information about the company is shown on the website, letterhead, emails, and serves as a public record. Furthermore, it will help support corporate transparency and will be able to help people know where businesses are located.Stay tuned for more information regarding this informative topic.Highlights of this episode:What is Section 86 of the Companies Act of 2006?Difference between registered office, business address, and service addressThe importance of a registered office business addressCan you change your registered office business address?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/915326342418247Youtube link of the episode: https://www.youtube.com/watch?v=22pLvAOFmeYConnect 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

Social media has been a vital part of different marketing strategies. It can be used to attract and funnel potential clients into availing of your product or services.Today, Annette will impart to all of you how to monitor the marketing strategy of her business. They started to implement a new strategy on the platform, Twitter. She then committed to implementing this for 90 days. Annette started by taking screenshots of important data to keep track of the progress of the new strategy. Aside from Twitter, she also used other platforms to make a comparison of the results.Find out more of the significant matters that Annette did in her business and its impact.Highlights of this episode:Measuring the impact of the new strategy on the business.How does Annette monitor her business’ marketing strategyThe use of social media platforms in your marketing strategyIs your strategy on the platforms you’re on performing in the way you want it to?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/915326342418247Connect 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

Pricing can be difficult as it can frighten off ideal clients. But even so, as a business owner, you have to make sure that you are charging enough so that you make a profit. You must have an understanding that every service that you are offering needs to be profitable and never misses out on any crucial parts of the calculation. Furthermore, you have to analyze each of your services offered and include the things needed in your pricing, such as any stripe or transaction fees, hourly/weekly/monthly rate, and other significant areas in your business. You can make use of the formulas in different software like Microsoft excel or Google Sheets. Annette will talk about how you can set prices as a business owner to have profit and a great stream of clients.Highlights of this episode:Importance of profitHow to set your pricingHow do you know if you’re profitable?Activities that you can do to make sure you are pricing correctlyWhat should be included in your pricingResources: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/915326342418247Connect 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

Adaptability is the quality of being able to adjust to new conditions and the capacity to be modified for new use or purpose, as defined in the dictionary. As a business owner, you have to be ready to make some adjustments in your business in order to grow, if necessary. Also, it is an essential skill to plan for your business ahead of time.In today’s episode, Annette will share a story about how adaptability is important in your business to survive and grow. She will set the ice cream van as a perfect example of what adaptability really is.Highlights of this episode:The importance of adaptability in businessHow to be adaptable as a business ownerResources:If you’re struggling to understand the accounting for your business, reach out to Annette  at [email protected] 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

Profit is one of the indicators of how you will know if your business is progressing. Also, this is the result of all the strategies that you put into your business. Furthermore, as a business owner, you have to gather data in order to know whether you are gaining profit or not.Annette will shed some light on the secrets of how you can increase the profit in your business and the pieces of data that you need to track those sales and marketing strategies. She will also give different exercises that will surely help you increase profits in your business. First, is identifying money leaks in your business and eliminating them. These are expenses that are necessary for your business and may slow down your profit. Next, you have to examine the products, programs, services, and offerings that you have in your business. As a business owner, you have to understand if those that you are offering to your client are profitable or you may need to analyze the pricing on the value of your service. Lastly, be aware of the percentage of the leads that you can turn into clients. This is vital in your business as this is the outcome of your sales process.Join our Facebook group to learn more: Profit First UKHighlights of this episode:Top 3 data in tracking your salesWhat is a money leak?How to identify money leaks in your businessHow to analyze the products/services that you offer your clientsThe importance of the sales process in your businessResources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] to Annette Ferguson:Facebook - https://www.facebook.com/UKAnnetteFerguson/Facebook Group: Profit First UKInstagram - 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

Summertime has already ended and you will have some weeks to prepare for school or for some, the school has already started. You may start to juggle things between your kids and your business.Today, Annette will share with you how you can utilize this time in planning ahead of time. What should be done?Start with refocusing your priorities, evaluating your strategies, and planning the rest of the year. Being strategic and having your plans in place is a great way to start.Highlights of this episode:Transitioning from summer to back to schoolThe perfect time to create a strategy for your business and the familyResources:If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected] 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

In the current economic climate, the high cost of living, the increased inflation and with the recession coming up, we need to have a system or strategy in order for us to have a take-home pay.  Your goal in setting up your business is to be able to have financial freedom for you and your family, right?    You have a team that receives their pay but for you as the business owner, there is none.  Isn't that terrible?That is why it is really important to do the allocation exercise on a continuing basis so that your mindset is trained to be in control of your finances. If you still have questions on how to do allocations, please feel free to speak with Annette or any of her team members to see how you might work together so that your business can move to a healthier financial position. Here are a few insights you’ll hear in today’s show…How to access the Allocations Template and Instructions on how to have a copy?Doing the first allocation exercise. (... After having done the bank accounts set up, Instant Assessment, Checking for Money Leaks and Setting up the allocations.)Why is allocation a big deal in moving your business towards a healthy and stable financial position?How do you proceed if Profit First does not work for you in your first attempt? What is a Profit Plan and how it can help your business to speak about it with Annette or with anyone in her team? In situations where you have upcoming costs next week that will prevent you from allocating for this week, what can you do?Resources:Fitting Call Link - https://www.annetteandco.co.uk/fitting/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

Day 4 in the implementation of Profit First in your business is about setting up your allocations. When allocating, it is like setting up an envelope system much like Dave Ramsey’s Envelope Methodology for your personal finances. On this fourth day, Annette will guide you in setting up allocations to the various accounts in your business like Operating Expenses, Owner’s Pay, Profit, Tax and for your Team through an Allocation Template that she has prepared.  As this is a live session, you may comment or ask Annette questions, but if you are catching this up on a replay, you can still do so, by commenting “replay” and then your questions or your comment.Here are a few insights you’ll hear in today’s show…The Allocation Set Up that Annette used with her clients. (...What is the recommended schedule when doing allocations?)What are the two things that you need to know and understand when doing allocations to your different buckets?What is Current Allocation Percentage or CAP? (...What is the recommended percentage allocation for the Operating Expense and Owner's Pay?)Annette shared how much to allocate in each of the accounts using the Allocation Sheet or Template. How are you to allocate a chunk of money sitting in your current account?  (... To what account should that chunk of money should have been allocated?) How are we going to do the recurring weekly allocations moving to monthly when you need to allocate for your Owner's Pay or even a bonus?What happens when you have a negative number in the Profit Account?  (...What percentages are advisable to be tweaked on the profit account, owner's pay and tax?)Resources:Interested in joining this sprint or catching up with the live sessions? You still can, join here -  https://www.facebook.com/groups/915326342418247Connect 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

In getting the proverbial light and delivering your owners comp and profit to your business, it is important that you thoroughly examine if there are money leaks in your expenditures. Day 3 of the sprint in implementing Profit First in your business, I talked about money leaks and how it is absolutely great to allocate your time to find, assess and eliminate money leaks in your business. Here I will teach you an exercise that needs to be done on a regular basis because businesses change over time. If you are listening to this on a replay, you can still send in your comments and questions and mention “replay” and I will still go over your comments and questions. Here are a few insights you’ll hear in today’s show…- What is a money leak and why is it important to assess regularly if there is, in your business?- In doing the money leaks exercise, what are the things that need to be done? (...What are the questions you need to ask yourself with regards to expenses?)- What other things that you need to put on a lens, as well, that can be eliminated or eliminated?- The homework and why it is important to do the task?- The benefits of examining the costs and operating expenses in your business. (...An example of a subscription that needs to be canceled.)Resources:- If you're interested in joining this sprint or catch up with the live sessions, join hereConnect to Annette Ferguson:- Facebook - Instagram- YouTube- Listen to the Podcast - Financial and Lifestyle Freedom for UK Business Owners

Crunching numbers is scary and intimidating.  Worse is if you don’t know where to get those numbers.  On day 2 of getting Profit First Implemented, Annette will go into the nitty-gritty details of the number’s crunching game and will guide you where you can get those numbers from. Getting all those numbers together is an important step in shifting your mindset around your business's finances from how you might be operating currently and how to gain optimal performance in your business.  Here are a few insights you’ll hear in today’s show…What is Instant Assessment and how do you calculate it?What is the ideal period of time where you can look up data?  (...What do you do when you don't have that much data available?)Where do you get the Top Line Revenue data for this exercise?In what ways does Real Revenue have the same number as your Top Line Revenue?   What do you do when you don't have an accounting set up yet? Why is the profit in the Profit Box not the same as the profit that you see at the bottom of your Profit and Loss account? What is the Owner's Comp and where can you easily get those numbers?The Tax Box, what goes in there and what's not included? Why is the Operating Expenses one of the boxes that is hard to complete for this exercise?Resources:- If you're interested in joining this sprint or catch up with the live sessions, join here- If you would like a copy of the template to do your Instant Assessment then here is the link (it's free!)- Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making MachineConnect to Annette Ferguson:- Facebook - Instagram- YouTube- Listen to the Podcast - Financial and Lifestyle Freedom for UK Business Owners

Today, on Day One of our Get Profit First Installed, we're going to get down and dirty with the foundations of Profit First. The rules, definitions, and framework could make all the difference between profit first helping you or forcing itself out of a job.This may sound daunting if you've never included this in your business, but the initial steps are exciting, and they include setting up those financial foundations that will then lead to a full-blown Profit First implementation.If you're interested in joining this sprint as well, do make sure that you join our Facebook group and catch up with the sessions. Link to the Facebook group: https://www.facebook.com/groups/915326342418247

When your business is service-based, pricing can seem to be very daunting. The price you charge for your services is one of the hardest decisions you make because setting a price that is too high or too high can limit your business growth. Worst, it can cause serious problems for your cash flow.    In this episode, Annette will help you look at the two sides of pricing perspectives in order to get a win-win proposition for both you and your clients. Consider taking notes or even downloading this episode for later reference.Here are a few insights you’ll hear in today’s show…Different pricing methods and the most effective pricing strategy for service-based businesses.The number crunching perspective - Examining your pricing by looking at the COSTS that needs to be layered in to deliver the service to clients.Why is examining pricing on a regular basis important?Pricing from the value perspective  - Examining your pricing by looking at the VALUE you are delivering to your clients. Is it possible that you can deliver the quadrupled value for the doubled price?If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected]:Order The Profit Plan E-bookBook a call!Profit First ChecklistPF for UK bizConnect to Annette Ferguson:FacebookInstagramYouTube

Annette will speak about the different things in your life and how that plays out in reality. We may have some ideal situations in mind but understanding that there will be some point in time that we cannot achieve is part of the journey. What truly matters in our business is we keep making steps toward our dreams and progress in reaching our goals.Here are the questions that came in during the live session …- Different challenges that you may experience along the way.- Understanding what is truly important in our business.If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected]:Order The Profit Plan E-bookBook a call!Profit First ChecklistPF for UK bizConnect to Annette Ferguson:FacebookInstagramYouTube

Today, Annette will talk about time. It is one of the important matters for most people, especially people who are running a business, time freedom. Though financial help helps business owners but vast majority seeks freedom of time. There is no judgment on how you want to spend your life but being clear on what you want is truly important. Here are a few insights you’ll hear in today’s show…- The importance of time.- How do you allocate your time?- Assessing how you spend your time.If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected]:Order The Profit Plan E-bookBook a call!Profit First ChecklistPF for UK bizConnect to Annette Ferguson:FacebookInstagramYouTube

A double-entry system of bookkeeping helps businesses keep their books in balance. When recording a transaction, every debit entry must have a corresponding credit entry for the same amount, or vice-versa. Confused?Now, this can be quite complicated in layman's terms but Annette made sure to explain these two accounting jargons very clearly. Don't let these accounting terminologies confuse you, using this podcast as a learning tool is extremely valuable.Here are a few insights you’ll hear in today’s show…What are debits and credits? (...An example of the double entry bookkeeping on a furniture purchase, a tangible fixed asset.)How does debit and credit work when it comes to the Liabilities Account of the business?What effect does debit and credit have on Profit and Loss statements?A Cheat Sheet of how debit and credit works in the double entry bookkeeping.If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected]:Order The Profit Plan E-bookBook a call!Profit First ChecklistPF for UK bizConnect to Annette Ferguson:FacebookInstagramYouTube

Annette wanted to have these Q&A sessions regarding Profit First because she wants to share how it has changed her life since she embraced the principles of Profit First.  These sessions offer so many valuable opportunities for you to learn and Annette will be happy to answer any questions you may have.  It is also possible that you may have the same questions as other people, but are hesitant to ask them.Here are the questions that came in during the live session …Can you use Profit First with Xero or Quickbooks or any other bookkeeping packages?Why do we highly recommend having a separate VAT bank account?What is the best bank for Profit First in the UK?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

Could there be more things that you are not claiming as a tax relief, but should be? Definitely yes!In this video Annette will walk you through several tax tip secrets for UK consultants and coaches. That means you pay less tax and you'll take home more of your income.  Listen carefully and start taking a stack of those things that can be deducted from your tax payments.Here are a few insights you’ll hear in today’s show…Tax Tip number 1 - Make sure to adhere to your deadlinesTax Tip number 2 - Keep accurate bookkeeping recordsTax Tip number 3 - Make sure that you claim for allowances that you are entitled to.Tax Tip number 4 - Use your capital gains allowance.Tax Tip number 5 - If you have savings, use your I.S.A. allowanceTax Tip number 6 - Use the dividend allowance including those of your family members.Tax Tip number 7 - Payment into a registered pension scheme can be a tax relief.Tax Tip number 8 - Consider employing a family member into the business..Tax Tip number 9 - Include a claim for use of home as office or work-from-home allowance.Tax Tip number 10 - Claim for travel expenses or allowance.Tax Tip number 11 - Claim for Trivial Benefits or the tax-free gift if you are an employee of your own limited company.Tax Tip number 12- Make sure to claim capital allowances on assets purchased for the businessIf you’re struggling to understand the accounting for your business, reach out to Annette at [email protected]:Order The Profit Plan E-bookBook a call!Profit First ChecklistPF for UK bizConnect to Annette Ferguson:FacebookInstagramYouTube

Cash flow problems in your business are not a good thing. That is why it is of utmost importance that you are able to calculate the cash break-even point of your business because that ultimately is what matters.It is also important that you eradicate money leaks in your business so that you are able to generate a revenue that is achievable, ensure that your costs are in alignment, so that you are able to create good money to take home. Here are a few insights you’ll hear in today’s show…What is the break-even point in economics and accounting?Why is it better to calculate the cash break-even point for a business?How to calculate the cash break-even point in your business? (...What are things you need to consider on a monthly basis?)What do you need to do when you have already calculated the cash break-even number, but your sales number is much higher than what you can generate in a month?What is a money leak?If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected]:Order The Profit Plan E-bookBook a call!Profit First ChecklistPF for UK bizMoney Leaks Youtube VideoConnect to Annette Ferguson:FacebookInstagramYouTube

In life we do have plans for things we want to pursue and it is the same with business. Sometimes life lessons are the very same thing that you can also apply in business,  when things don’t go according to the plan. You can try harder, assess the situation or any given information available or you can maybe ditch the project and start over. As a business owner, it is very important to have access to data so that you can make informed decisions.Here are a few insights you’ll hear in today’s show…Two reasons why Annette chose to talk about the topic.How would you handle business situations when things do not go according to plan?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

Running and any form of movement is very important because it is crucial to your mental health specially when you are running a business.  Running is that pause that every business owner needs  in order to reduce stress, be more productive and gain clarity to be able to make sound business decisions. So, be kind to yourself and clear your mind through running or if you can’t run, do some kind of movement like walking and stretching. Here are a few insights you’ll hear in today’s show…Annette shared about an interview she has done for another podcast.What is common about business and running? Benefits of running or any kind of movement to your mental health. Data is important in both business and exercises.Invitation to access Q&A sessions and other resources 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

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/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 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/tKDmRApyrwwUnderstanding a profit and loss account: https://youtu.be/9R6QwNPsM7wUnderstanding a balance sheet: https://youtu.be/EZ1cctAAnI0Connect 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

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 equationConnect 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

It is now common for people to be employed and at the same time to have a side hustle or what we call as self-employed.  People don’t leave their 9 to 5 jobs yet, as they weigh on what to keep between the two sources of income. It looks promising for the profit side of it, but there could be some problems here if you do not know the tax implications for both. Plus there are also rules with regards to what expenses are allowed or disallowed when you are in business. Additionally, strict compliance with HMRC regulations should be followed.Here are a few insights you’ll hear in today’s show…The difference in the tax implication when being self-employed and employed at the same time. Why is keeping records important in submitting your personal tax returns?What is Trading Allowance?Why is there a need to declare income and associated costs? (...How does the difference between national insurance classes work?How do you calculate the business profit in order to know the basis of tax payments?How do you register as self-employed with HMRC and how do you submit your tax return?Resources: Register for VAT: https://www.gov.uk/vat-registration/how-to-registerAccounting and Bookkeeping softwares:Xero- https://www.xero.com/QuickBooks - https://quickbooks.intuit.com/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

Today’s episode is inspired by a conversation that I had with my client and it is all about payment terms. Understanding the payment terms is essential to grow your business and this is applicable for both product-based and service-based businesses. Stay tuned as I give different scenarios that will help you understand what should be done to help grow your business.   Here are a few insights you’ll hear in today’s show…Customer perspective versus Business perspectiveThe importance of understanding payment termsWhat should be done to grow your business?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

The 'Profit and Loss Statement' (P&L), or ‘Income statement’ is one of the three major Financial Statements. In this video, you'll find out what the Profit and Loss statement is and how you can use it to measure a business's financial health. Here are a few insights you’ll hear in today’s show…- What is a Profit and Loss Statement and why it is one of the important financial statements of a business?- Sections of a Profit and Loss Statement and explanation of terms- If you are interested in making more profit come and join our (new!) free Facebook Group - Profit First UK - here - If you want to speak to us about how we might be able to support you, book a call with our team here

For most part, it is really hard to measure the ROI when it comes to our team.  Business owners invest in their people because you cannot do everything by yourself.  You need to delegate tasks in order to free up your time to focus on your expertise to do profit producing tasks.  However as in other businesses,  some of our team members do not understand that they are also part of the profit producing vision. It is important that each team member is aligned with your vision of growth to enable them to be bottomline positive resources of profitability for the company.Here are a few insights you’ll hear in today’s show…Are the stuff that team members are doing freeing up your time so that you can focus on growing your business? A side story of a client's apprentice. (...Why do business owners hire apprentices?) Why is it important to assess every member of your team to enable them to be bottomline positive?Resources:Order The Profit Plan E-bookBook a call!Profit First ChecklistPF for UK bizConnect to Annette Ferguson:FacebookInstagramYouTube

Businesses have their season of push and pull and as business owners you can use the season of pull in order to take a pause or have vacations.  Summer is a season that most people look into and have planned for way ahead. Part of the planning has something to do with the continuity of the business even if you are not around.  Imagine when you are on vacation and your team keeps on calling you for affirmations on decisions to be made.  That is not vacation at all.  Vacations are meant to be leisurely enjoyed!Here are a few insights you’ll hear in today’s show…What needs to be in place now so that as a business owner can have a more relaxed summer season? Why is it important to understand what the summer period might look like for your business?Resources:Order The Profit Plan E-bookBook a call!Profit First ChecklistPF for UK bizConnect to Annette Ferguson:FacebookInstagramYouTube

Sometimes  success is only superficial because our vision of success is limited.  This is the reason why some businesses are able to take off, but at some point hits the plateau and oftentimes drops down.  That’s because we only look at the sugar coated version, which is fine, but are you able to look at the deeper level of success?  It is necessary that you are able to peel the layers to reach the levels that still can be tapped for the  spontaneity of success.Here are a few insights you’ll hear in today’s show…What should our thinking be about success? (What else is behind the layers that we can tap into?)Why is it important to dig deeper at the  3D layers underlying success?If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected].Resources:Order The Profit Plan E-bookBook a call!Profit First ChecklistPF for UK bizConnect to Annette Ferguson:FacebookInstagramYouTube

Will your business operations continue if you are not around? Some business owners are not able to let go of the helm in managing their business because they think that their presence is crucial in the business.  But what about if there’s a situation that you can’t be around, are you prepared for it?A  big disruption happened to Annette’s family, but it was still manageable  for her because of the vision that she had set up for her business a long time ago. She has prepared for situations where she can’t be physically in the office to take care of her family or when she takes time off for holidays.  The insights Annette will share on this episode are vital for listeners to know.   Here are a few insights you’ll hear in today’s show…Why is it important not to skip the  vision part of the Profit Plan of your business?If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected].Resources:Order The Profit Plan E-bookBook a call!Profit First ChecklistPF for UK bizConnect to Annette Ferguson:FacebookInstagramYouTube

Are you considering borrowing to get cash infusion for your business?  Don’t do it just yet unless you hear what Annette has to say about borrowing.  Over the past two years, most businesses were in a bad shape because of the pandemic, but borrowing is not the only solution to rescue the business. Now lack of funds may not necessarily be your fault, but resorting to borrowing from a place of desperation is not a good thing to do.  It might be a cause of more problems in the long term.  Here are a few insights you’ll hear in today’s show…What is the first thing to consider when considering borrowing?Why is it important to go back to your Profit Plan?  (...And to even check on your costs and review your estimated revenue?)When is it a good time to borrow and how can borrowing be done strategically?Why is it extremely important to follow Annette’s recommendation to seek advice from a Profit Adviser?  (...Or you can get in touch with her if you are having a hard time deciding whether to borrow or not?)If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected]:Order The Profit Plan E-bookBook a call!Profit First ChecklistPF for UK bizConnect to Annette Ferguson:FacebookInstagramYouTube

VAT registered businesses act as the collecting agency for HMRC and as such are required to submit a return and pay VAT to HMRC.  In this episode, you will get important information on how to pay VAT in the UK and also the basics of VAT for your business.  Be sure to pay attention to everything being said here so you can be guided accordingly and not incur penalties if you can't comply with the regulations of HMRC.   Here are a few insights you’ll hear in today’s show…What is VAT?When do you have to register for VAT with HMRC?What are the conditions on whether to pay VAT or to get a refund of VAT from HMRC?The things that business does not have to charge VAT on, or are outside of scope. What are the three VAT rates in the UK that are required to be reported?What things are necessary or needs to be done for VAT purposes?Some examples of goods and services that cannot be included in your VAT return.When are you required to submit VAT returns and pay VAT to HMRC?What are the payment options available to HMRC?What happens if your return is late or your payment is late?Resources: Register for VAT: https://www.gov.uk/vat-registration/how-to-registerVAT rates for goods - including exempt, zero rates, outside scope and reduced rate: https://www.gov.uk/guidance/rates-of-vat-on-different-goods-and-servicesHMRC VAT bank details: https://www.gov.uk/pay-vat/bank-detailsSurcharge table: https://www.gov.uk/vat-returns/surcharges-and-penaltiesConnect 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

I am opening the doors to Business Wealth Academy on May 26 and 27 so you can get the help that you need. As soon as you join me inside, you’ll have access to hundreds of video resources and regular live calls with me so you can take action towards more profit. Not only that you will also get access to our private podcast. Here is a sample episode that will be made available to your once you become a member. - Sign up now to join the waitlist: https://www.businesswealth.co.uk/bwawaitlist2022- If you are interested in making more profit come and join our (new!) free Facebook Group - Profit First UK - here - If you want to speak to us about how we might be able to support you, book a call with our team here

Some people define success by the fact that they have more money in their lives, to be able to enjoy the perks that money brings. Some would define success as having a wonderful family life.  Financially successful people claim that family comes first, but their divorces and broken families refute that claim. Ultimately, the question that arises is: what is the price you are willing to pay for your version of success?  Here are a few insights you’ll hear in today’s show…About Gary Vaynerchuk and Jeff Bezos, successful people but - what became of their family's first mantra?What does success look like to you?How do you consciously achieve 'Work-Life Balance'?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

As a business owner, you usually experience more stress than working a 9 to 5 job. There are more responsibilities to keep the business afloat, think of projects to add to your existing niche, plus hiring and managing a team, to mention a few.  Business failure can be a hard thing to recover from, so you'll need to devise strategies to stay in business.  Staying focused despite the overwhelm will help you get by and in this episode, Annette will share her two top strategies to beat the overwhelm.  Here are a few insights you’ll hear in today’s show…What to do when overwhelm hits?The first strategy is to write down all ‘To Dos’ or even projects.The second strategy is to step out of your desk and go out for a walk Resources: Brooke Castillo - Monday Hour One - https://thelifecoachschool.com/podcast/306/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

People go into business because they think they will be able to make more money and thereby be able to finance a more comfortable lifestyle. Sadly, though, most really don't have the correct attitude and end up strangling the business for cash. In doing so, their business fails. Study shows that 95% of businesses fail during the first 5 to 10 years. Take advantage of this episode to learn what you need to keep in mind when starting a business and pay yourself as a business owner.  Here are a few insights you’ll hear in today’s show…Why do people go into business?Why do the majority or 95% of people going into business fail within the first 5 to 10 years? The difference between re-investing and overspending.How do business owners know how much money to take home money and how much to reinvest back into the business? What are money leaks in the business?Resources: How to Get Rid of Money Leaks in 2 Hours - Proven Exercise! - https://www.youtube.com/watch?v=tKDmRApyrwwConnect 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

Do you now feel that you need some space and find some kind of break from your role as a business owner? It can be daunting especially if you're starting out and feel that you do not have the capacity to delegate some tasks and hire someone to free up your time to do what you're good at. If you are feeling this already, this is the right time to delegate.  But delegation should be done the right way because if it's not, you'll end up wasting money, time for training plus the emotional stress tied to the hiring process. This is the topic of our conversation with Arijana Ilibasic, an expert in strategic systems management and smart delegating. Enjoy listening!Here are a few insights you’ll hear in today’s show…When, how, and what is the right time to delegate?As soon as you have the systems in place and identified the tasks that can be delegated, what’s next?What is Arijana's take on giving people some test projects as part of the hiring process?How should you proceed now that you have already hired someone?Is finding a unicorn person possible or is it better to hire more people who specialize in some areas?What does bad delegation look like?Resources: Tools to manage team and tasks: Asana - https://asana.com/Trello - https://trello.com/enClickUp - https://clickup.com/Time and Tasks Tracking Tools for TeamsToggle - https://toggl.com/Clockify - https://clockify.me/Connect to Arijana Ilibasic: Website - https://www.scaleandsimplify.com/Instagram - @scaleandsimplifyConnect 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

Many of us have the inclination to write a book, but when we try to start one, we are intimidated. During this episode, our special guest Dr. Emee Vida Estacio explains that writing a book is not really such a mammoth task as most people think. It is really not difficult! All we need is our expertise in our own niche and we can have help from an editor, a graphic designer, etc and even leverage the power of Amazon to put your  book out there and be noticed.  More than the monetization of your book, it can serve as a revenue driver for your business,  as a lead magnet or help in the building of your brand presence.So for those considering writing a book, this is a must listen episode. Here are a few insights you’ll hear in today’s show…Why should someone even contemplate having a book?How does one even begin writing a book?How do you get your book noticed from the millions of other books out there?When your published book doesn't sell, what should you do?How do you use a book as a revenue driver for your business?How much time and effort do you need to put into self-publishing a book?What should your cadence be in writing books?Resources: The book, The Profit Plan by Annette Fergusonhttps://www.amazon.co.uk/Profit-Plan-Science-Predictable-ebook/dp/B09JTZ1QLKBook mentioned in the conversation:Raising Happy Toddlers: How To Build Great Parenting Skills and Stop Yelling at Your Kids! by Celia Kiblerhttps://www.amazon.com/Raising-Happy-Toddlers-Parenting-Yelling/dp/1735214523Connect to Dr. Emee Vida Estacio:Instagram - @emee_estacioFacebook - https://www.facebook.com/EmeeVidaLinkedIn - https://www.linkedin.com/in/emeevida/?originalSubdomain=ukConnect 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

In today’s live series, Annette had the pleasure of chatting with Julie Hunt, a certified Financial Planner and has a team dedicated to ensuring that your money, and peace of mind are taken care of. This is one episode you don’t want to miss because there are a lot of misconceptions about money matters and retirement, which if not addressed NOW could be quite late to start planning on. Here are a few insights you’ll hear in today’s show…Why do some people not have a plan for their future or financial goals?How does success look and why is it different for everyone?What activities should business owners be doing to prepare for retirement?When should people be preparing for retirement?The sequence of how should a person start preparing for future goalsWhen looking at long-term financial goals, how much should a business owner put towards pensions, retirements?Connect to Julie Hunt:FB Group - https://www.facebook.com/groups/themoneycompassFacebook - https://www.facebook.com/juliehunt0207Website - https://ftof-finance.co.uk/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

In today’s episode Annette dives deep into a conversation with Jomana Elaridi, an NLP Master Practitioner and mindset shifter and uplifter, on the subject of self-worth. Her work with ambitious women who struggle with self-doubt and self-worth can be seen in several testimonials from clients. But before she got into this space of helping women in their struggles, she was struggling herself with self doubt despite the titles, achievements, degrees, or accolades. Find out more about how Jomana was able to grow, flourish from the inside out and learn about self-worth. Here are a few insights you’ll hear in today’s show…What is the real concept of Self-Worth? How can we identify actions that do not reflect our worth?What can we do to stop ourselves from saying ‘yes’ to people even though we really want to say ‘no’?How do you distinguish the feelings of low self-worth and self-worth?Even when children are misbehaving, what can parents do to instill good values and provide positive affirmations?Some tips from Jomana when we struggle with perfectionism, self-doubt and are starting to become too critical of ourselves and others.How do you set up boundaries and still be kind? Connect to Jomana Elaridi: Website - https://www.drjomana.com/Instagram - @drjomana_mindsetcoachLinkedIn -  https://www.linkedin.com/in/jomana-elaridi-87b6a115b/Facebook - https://www.facebook.com/drjomanamindsetcoachConnect 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