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Annette Ferguson
Financial and Lifestyle Freedom for UK Business Owners
Profit First Professional, Chartered Accountant and Small Business Growth Strategist, Annette Ferguson, teaches UK small business owners and entrepreneurs how to achieve both the financial and lifestyle freedom they crave.
Tune in weekly to learn money hacks and business tactics so you can build a dream team, serve your clients better, and ultimately take home more money.
Annette and her guests give no-nonsense finance strategies and profit-increasing tips.
Subscribe today to maximise your profit, find the hidden wealth in your business, and achieve financial and lifestyle freedom through the business that you have!
Weak Boundaries Affect Profitability
Are you always working extra hours to meet your deadlines? Due to the fact that you didn't follow your call time limits, were you unable to follow up with every client? The likelihood of burning out rapidly is pretty high if this is always the case and you will end up suffering and resenting your business. Efficient work isn't necessarily the result of doing your job effectively, you will also need to follow your call time boundaries consistently. There's no need to worry! In this episode, I'm going to share with you the negative results of not setting up your call time boundary, as well as how to improve it in the most effective way. Enjoy listening! Here are a few insights you’ll hear in today’s show… - The importance of strictly adhering to your call time boundaries. - The negative results of not following your boundaries around your time.- Learn how weak boundaries affect your bottom line.- Highly effective ways to audit your life that will result in a positive impact on your business and personal life. Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
08:4930/08/2021
Mindset and Limiting Beliefs with Dario Cucci
Dario Cucci is an international speaker, sales mind shifter coach, and bestselling author that works with small business owners around the world to help them increase their sales revenue, helping them with their mindset and communication skills, to close more sales whilst gaining a stellar reputation without having the headaches of running expensive ad campaigns.In today's episode, we will talk about the importance of a business mindset and how it greatly affects the outcome of our life as well as our business. In addition, we will discuss how we can decode our very own "Soul Vault", and how to communicate with our subconscious minds. Enjoy listening! Here are a few insights you’ll hear in today’s show… - Understanding the importance of a business mindset.- How 95% of what we do and how we behave determine our outcomes.- The steps we can take to create a mindset that supports both our goals and the way we aspire to achieve them.- Communication with the subconscious mind.- The keys to unlocking our “Soul Vault”.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qAConnect with Dario Cucci:Website: https://dariocucci.net/LinkedIn: https://www.linkedin.com/in/dariocucci/Facebook: https://www.facebook.com/dario.f.cucciTurn You Customers Into Profit: https://www.amazon.com/Turn-Your-Customers-Into-Profit/dp/1542519705Crossroads to Clarity: https://www.amazon.com/Crossroads-Clarity-salesman-found-smile/dp/1981143068
25:5027/08/2021
Realizing the Worth and the Standard Of Your Life You Should be Having
Owning nice things is of little use if we aren't going to use them. It's imperative that we make the most of the resources we have because we simply deserve it. By establishing this habit, you will have a positive effect on your business as well. In this episode, I’ll share with you the reason why we use the crockery that we got for our wedding every single day and how it translates to a healthy and positive business mindset. Enjoy listening! Here are a few insights you’ll hear in today’s show… - Why you shouldn't save things for special occasions and how it affects your business mindset.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
06:1523/08/2021
Perceived Value Pricing and Product Positioning
Depending on how you price your services or products, it will have both a positive and a negative impact on buyers' decisions. While staying at your current price point for so long reduces sales and profitability, how much more when you lower it? Those pricing decisions can be even more harmful over time. What's worse, you will always find that your clients and customers will look for the lowest price possible.Throughout this episode, I'll discuss how your pricing impacts your customers and clients buying decisions, and what your pricing should be. Enjoy listening! Here are a few insights you’ll hear in today’s show… - Perception of price based on my personal experience.- The reason why becoming involved in the lowest price war is not the way to go for your business.- The impact of your buying decisions on your own business pricing decisions. Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
08:0320/08/2021
Setting up your Lifestyle Business
Many business owners start their own businesses to follow their dreams and fulfill their passion. However, is this what's really happening? Business ownership is no walk in the park. It will cost you sweat as you work hard to keep moving forward. Most importantly, your business should be shaped the way you want. In this episode, I'll explain the common misconceptions about different types of businesses and how to fix them. It is a highly recommended episode so that you won't run your business with regrets and end up unhappy with where your business is.Enjoy listening! Here are a few insights you’ll hear in today’s show… - The concept of lifestyle business and how it works. - The pin money or beer money business.- Misconceptions about business types; Corporate versus Lifestyle.- How to build a conscious lifestyle business.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
09:3916/08/2021
It's Finance Friday!! With Annette Ferguson
Managing your business finances on a regular basis helps you understand how much money you'll need for your business expenses and your take-home money. Monitoring your spending patterns and expenses is definitely an effective way to increase cash flow. As a result of effectively managing your numbers, you will have adequate cash to keep your business operating.The purpose of this episode is to share my personal process for reviewing my finances on a regular basis. Moreover, I'll show you how to monitor your numbers in your business in highly effective ways. Enjoy listening! Here are a few insights you’ll hear in today’s show… Friday is an awesome finance day!How I review and check all my numbers. Highly effective tips on how to review your numbers in your business. The beauty of running a business.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
06:0013/08/2021
Everybody in My Industry Is Lowering Their Prices - Should I Follow Suit?
When your price is fair, why would you drop it even further? Is it because your competitors are lowering their prices? Think twice! It is always important to remember that cheaper alternatives are always available, whatever your charges. In this episode, I will share a key method in this episode explaining how you can get out of that lowest-pricing competition. Enjoy listening! Here are a few insights you’ll hear in today’s show… Make the right choice when your competitors cut their prices.The method of doubling the price. Get out of your industry’s comfort zone. Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
08:1511/08/2021
Money Is Masculine
The meaning of money extends beyond profits and cash, it also encompasses energy. As you can see in this situation, we also have the masculine and the feminine energy. Regardless of your gender or sex, both should equally work together. When either of the energies is lopsided, your business will not achieve its full potential. In this episode, I will share with you the highly effective ways on how to balance the masculine and feminine energy within you so that you can achieve optimum success in your personal and business life. What's more, you'll also discover how these energies work in conjunction with Profit First. Enjoy listening! Here are a few insights you’ll hear in today’s show… - Money holds masculine energy.- Masculine and feminine energy - we have both! - The reasons why your masculine and feminine should be balanced.- The energetic signature of money.- Understanding our human reality around our finances.Resources:Profit First for UK Business - https://www.annetteandco.co.uk/pf-first-for-uk/Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
09:1109/08/2021
Setting Up Bank Accounts - What is The Best Way To Do It
Setting up multiple bank accounts is extremely important as it will keep you well-organized, provide you with more security, and can help you streamline your business transactions and operations. When your business finances are well-arranged and not confined to only one bank account, managing them becomes much easier… This is what I personally do! In this episode, I will share with you how I personally manage my finances, the different ways on how to get multiple banks accounts for your business and how to use them, and the best banks that you can work with based on me and my clients experiences. Enjoy listening! Here are a few insights you’ll hear in today’s show… Different ways on how to get multiple bank accounts particularly in the UK.Why you should have your income account and your operating expenses account.The best banks that you can work with. Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
05:0306/08/2021
Non-Boring Accounting Challenge Day 2
It is incredibly important to analyze and understand how you manage your business expenses and your finances can pinpoint the inefficient or unnecessary spending that is negatively impacting your business. By doing so, you will be able to maximize your profit and your take-home money for you and your family to enjoy.In this episode, I will share the second exercise of the Non-Boring Accounting Challenge. Please prepare the printouts of your business expenses, a red pen, and maybe a cup of tea as we all uncover and eliminate the money leaks in your business. Enjoy listening! Here are a few insights you’ll hear in today’s show… The second step to Keep the Lights on Clarity exercise.Finding and eliminating the money leaks in your business.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
04:1804/08/2021
Non-Boring Accounting Challenge Day 1
It is incredibly important to make sure that your business continues to operate, even if it does not make much progress. Every expense in your business is vital especially during this pandemic where there are fundamental changes in consumer or client’s behavior and global markets are severely disrupted.In this episode of the Non-Boring Accounting Challenge Day 1, I will share the very first key simple step of the Keep the Lights on Clarity exercise. This is a prerequisite for the second-day challenge so be sure to listen and complete the given task. Enjoy listening! Here are a few insights you’ll hear in today’s show… - The first step to Keep the Lights on Clarity exercise.- The key question you should ask yourself, is this expense 100% necessary to keep the proverbial lights on in my business?Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
05:4402/08/2021
How Modulation of Your Self-Expression Affect the Cash You Have in the Bank
As a business owner, you should be your biggest and number one fan. It is important that you are doing things for yourself, not for the sake of others' opinions. I want you to really think about where in your life are you modulating your self-expression. Whatever your answer will be, it will definitely have an impact on the money that you are making in your business. In this episode, I will share the importance of knowing your own modulation of your self-expression and how it affects the cash you have in the bank. Enjoy listening! Here are a few insights you’ll hear in today’s show… - How the modulation of your self-expression directly affects the cash you have in the bank.- The pillars of our consciousness and how it impacts our money in the bank. - The method of breaking through the glass ceiling that you've reached in your revenue- The importance of stepping in to be fully self-expressed in your life. Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
04:3330/07/2021
Should You Offer Your Services for Free
Can you offer your initial services for free? “No”, that’s what I always answer. Yes, free services are good if you are the customer. Personally speaking, even as a customer, I don’t take advantage of free services mainly because I value the other party or the business owner in the highest regard. For me, giving away your services for free is a decent short-term strategy to get some customers or clients, but in the long run, it will do much more harm than good and it is also one way to lose your potential customers and clients especially when you start charging them. In this episode, I’ll share my personal experiences when I hear some of my potential clients asking for initial free service. You will also know what energy I keep within my business and my employees, and the importance of “CASH” as a method of energy exchange. Enjoy listening! Here are a few insights you’ll hear in today’s show… - The reasons why I always say “NO” to free services. - You should always value yourself in the highest regard.- Think twice, if you ever thought of providing your services for free.- Cash is a method of energy exchange. - Always think about win-win arrangements, do not let yourself or the other party lose value.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
04:5628/07/2021
Getting Best Results for your Client
Improving your customers and clients relationship is definitely helpful to your business because it will increase their lifetime value and boost your revenue. While it is not good to compare them, getting new customers and clients focuses on short-term profit while existing customers rely on developing a long lasting relationship with you. Retaining each of your customers and clients can really be hard and this is why you will need to find ways on how you will be able to keep them while increasing your profit. In this episode, I’ll share an incredibly helpful exercise to get the best results for your customers and clients. You will also hear how I do my own pricing and how I provide the service at each level.Enjoy Listening!Here are a few insights you’ll hear in today’s show… - Don’t settle for less, think about upgrading your service to get a deeper relationship with your customers and clients.- An incredibly helpful exercise to increase your pricing: Double the price!- How I do my own pricing and how I provide the service at each level.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
06:2426/07/2021
How I Ensure Steps Are Taken Towards My Goals Every Single Week
Goals are incredibly important and powerful when running a business. By having their ultimate goals in mind, every business owner can focus attention on achieving desirable outcomes. But the problem is, how will you be able to achieve your ultimate goal? Are the things you are doing right now aligned to your end purpose? Ultimate goals aren’t meant to be achieved in one go, it’s a journey. It will take a lot of time, effort, and planning in order to reach it. In this episode, I’ll share very important and helpful tips on how I ensure steps are taken towards my goals every single week. Enjoy listening! Here are a few insights you’ll hear in today’s show… The importance of your sub-goals being connected with your ultimate goals.Putting a date on your goal. The power of monitoring and tracking things in your business. The alternatives that you can do to ensure that steps are taken towards your goals if you are running your business alone. Comparing data with guts.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
07:1823/07/2021
6 Steps to Health and Wealth in Your Business
I firmly believe that a financially healthy business results in a wealthy business and it’s somewhat easy to determine if your company is doing well based on the financial status of your business. In this episode, I’ll share the SIX key steps to health and wealth in your business. These steps will put you away from the financial stress that can take a huge toll on your mental and physical health, and your overall quality of life. It’s easy to remember since it’s based on the word WEALTH and this will be incredibly helpful for you to achieve the life that you want for yourself, your family, and your business. Enjoy listening! Here are a few insights you’ll hear in today’s show… - Healthy business results in a wealthy business.- The SIX key steps to health and wealth in your business. Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annetteandco_Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
13:1221/07/2021
Key KPIs for Your Business
KPIs are incredibly important and shouldn’t be understated. You should be aware that it’s just more than just a number. Measuring your KPIs will definitely help you understand the performance of your business and it will also be your indicator of whether you need to change or retain the processes you have in your business. It will help you make critical adjustments in your implementation to achieve your strategic goals.In this episode, I’ll share the meaning of KPI and the different areas that you need to measure in your business in order to achieve the life that you wanted to be for yourself, your family, and especially in your business. Enjoy listening! Here are a few insights you’ll hear in today’s show… - What KPI is. - The very first thing that you need to be measuring in your business- How bank balance helps you understand how your business is performing financially.- Measuring the length of stay of your customers and clients in your business.- The numbers are just the data.- The average client's monthly or annual spend.- The conversion rate.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter: @annette_fergsInstagram: https://www.instagram.com/annetteandco_/Youtube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
11:0319/07/2021
Business is Not a Blueprint
We always hear someone like coaches, trainers, mentors, or business experts saying that “If you religiously follow this method, your business will succeed! It worked for me so it will definitely work on you too!”. Well... I beg to disagree. There is no one-size-fits-all in business. You can follow their “best practices” but not the entire blueprint of their processes. In this episode, I’ll share more about explaining why there is no one size fits all in business and some quick tips that you do to tailor fit the process that you want to incorporate into your business.Enjoy listening! Here are a few insights you’ll hear in today’s show… There is no one-size-fits-all in business.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergsYoutube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
02:1016/07/2021
You Are Not a Tree
If things aren’t going well and if you don’t like where you are right now… Move! You are not a tree. Many business owners spend their time being unhappy, complaining about where they are or where their life and business is headed without making any effort to change things or make the situation better.This is a very heartwarming and thought provoking episode as I will share my personal story and how I realized that we are not trees. Enjoy listening! Here are a few insights you’ll hear in today’s show… - A quick thought that kind of just came into my mind.- We are not trees.- Don’t think that you’re stuck, you can move things!Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergsYoutube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
06:2614/07/2021
Your Attitude Dictates Your Day
Your attitude dictates your day as well as it defines and delimits your level of success. Your attitude determines what those obstacles mean and therefore how well you deal with them. In this episode, I’ll share a quick story of how I’ve come up to this episode, and my thoughts about having a positive mindset and attitude will definitely have wonderful results, especially in your business. Enjoy listening! Here are a few insights you’ll hear in today’s show… - A short story about why your attitude dictates your day. - The good things that will happen if we start off with a positive mindset.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergsYoutube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
05:1112/07/2021
Do You Have a Vault in Your Business?
Having a vault, cash reserves, or buffer is vital in your business. In this episode, I’ll share the reasons why having that is incredibly important in your business. Enjoy listening! Here are a few insights you’ll hear in today’s show… - The reasons why having a buffer is incredibly important in your business.Resources:Business Wealth Academy: https://www.businesswealth.co.uk/bwaConnect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergsYoutube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
04:0509/07/2021
Offering Services For a Cheaper Price
Being in a service-based business, we all have different ways and methods when it comes to pricing our customers and clients. Whatever ways or methods it may be, all we want is to gain PROFIT that will make our business sustainable.In this episode, I’ll share the worst pricing ideas I’ve ever heard that I want you to avoid.Enjoy listening! Here are a few insights you’ll hear in today’s show… - The worst pricing idea that I’ve ever heard.- By offering your services for free will expedite the collapse of your own business.- Discounting, mates rates, and “can you do any better?”--terrible strategies to employ! - The reasons why slashing and burning prices is never going to be a good strategy.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergsYoutube: https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
11:0607/07/2021
Why is Accountability Important - For Your Business
Applying accountability to your business can really be difficult. Especially when you’re the only one running your business or you have too many employees that are not being monitored. In this episode, I’ll share my insights on why “Accountability” is incredibly important for your business.Enjoy listening! Here are a few insights you’ll hear in today’s show… - The power of “Accountability”.- The reasons why it’s hard in the business industry to fully exercise accountability.- The reasons why accountability in your business is incredibly important.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergs
06:5405/07/2021
Difference Between Accountant and Bookkeepers
I’ve got a lot of questions and inquiries from many business owners asking whether they should get a bookkeeper or an accountant. I’ve got you all covered! In this episode, I’ll share the real definition of bookkeepers and accountants, what they do and don’t do, their scopes, and what they should look like.I will also share some very important tips that you need to consider before getting a bookkeeper or an accountant for your business. Enjoy listening! Here are a few insights you’ll hear in today’s show… - The real definition of bookkeeping.- Things you need to check before hiring a bookkeeper and an accountant.- What bookkeepers normally do.- The reasons why an accountant is more qualified than a bookkeeper.- The advantages of getting a one-stop-shop as a business owner.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergs
12:3802/07/2021
How a great Accountant Can Helps You Better Enjoy Your Life
In this episode, I’ll share some information on how a great accountant can help you enjoy your life and your business better. Please keep in mind that a great accountant equals a better life and a better business. Enjoy listening! Here are a few insights you’ll hear in today’s show… How can an accountant help you enjoy your life better? Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergs
03:0130/06/2021
How to Have a Great Working Relationship with any Service Provider
In this episode, I’ll share the THREE most effective tips on how to have a great working relationship with any service provider that you might use for your business.Enjoy listening! Here are a few insights you’ll hear in today’s show… How to have a great working relationship with any service provider that you might use for your business?Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergs
03:0628/06/2021
How to Know When You Are Ready to Outsource
In this episode, I’ll share some very important tips that I personally use and consider before outsourcing. I will also share the seminar that I’ll be running about Profit First which will assist you in determining whether you can afford it or not. This will definitely be helpful as it will run through different methods and strategies for your business. Enjoy listening! Here are a few insights you’ll hear in today’s show… - The first thing that you should consider before outsourcing.- Profit First--mapping out what your finances look like in your business at the moment.Resources:Profit First PDF Version: https://www.annetteandco.co.uk/pf-first-for-uk/Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergs
05:2525/06/2021
My Favorite Online Tools That I Use to Run My Business
Most businesses have online tools that they are using for automation of their business. These online tools have been a very big part of our business especially in this pandemic where every business owner is forced to become online.Join me as I share the top THREE online tools that I’m using for my business and how I use them.Enjoy listening! Here are a few insights you’ll hear in today’s show… - My favorite online tools that I use to run my business.Resources:Profit First PDF Version: https://www.annetteandco.co.uk/pf-first-for-uk/Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergs
03:4723/06/2021
The Debt Snowball Method of Debt Repayment
The Debt Snowball Method is a highly effective debt-reduction strategy where you pay off debt in order of smallest to largest. This may sound simple, however, applying this method will take a lot of reviews and sacrifices when it comes to your finances. In this episode, I’ll share the most powerful book that can greatly help you in becoming a debt-free business owner and how to apply the Debt Snowball Method. Enjoy listening! Here are a few insights you’ll hear in today’s show… - Profit First--a powerful method to get rid of your Debt. - The Debt Snowball Method.- The things that you can do if you’re only barely servicing the debt. Resources:Profit First PDF Version: https://www.annetteandco.co.uk/pf-first-for-uk/Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergs
05:4621/06/2021
What is Cash Management
UWR 372: What is Cash Management with Annette Ferguson Cash management is the process of collecting and managing cash flows. It’s definitely important for businesses to have some methods when managing their cash yet I’ve known a lot who don't even have this in mind. In this episode, I’ll share the most important method that I’m using when managing the cash in my business and this is the Profit First method by Mike Michalowicz. Enjoy listening! Here are a few insights you’ll hear in today’s show… - What Cash management actually is, and how you can use it to run your business more efficiently.- Profit First--an efficient method for cash management.- How to get the PDF Version of Profit First.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergsResources:Profit First PDF Version: https://www.annetteandco.co.uk/pf-first-for-uk/Timestamps:0:00 - Introduction0:15 - What Cash management actually is, and how you can use it to run your business more efficiently.1:16 - Profit First--an efficient method for cash management.3:24 - How to get the PDF Version of Profit First.
05:0218/06/2021
What is Cash Flow and Why is it Important
Cash Flow and Cash Management System, I’ve known a lot of business owners being confused about these two. Don’t worry! I’ve got you covered. In this episode, I’ll explain the difference between them and how to effectively overcome different issues. Enjoy listening! Here are a few insights you’ll hear in today’s show… - What is cash flow?- Common strategies to overcome cash flow issues.- Some businesses don't have a cash management strategy.- How to effectively sort your cash flow issues in the business.- The cash management system that we massively advocate. - The negative effects of having a negative cash flow position.- Cash flow and cash management--you need both to succeed.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergs
09:4416/06/2021
How To Pay Yourself As A Business Owner
Paying yourself as a business owner will definitely feel good! It’s like an added work incentive and a fuel that will be used to drive your passion and determination when running your business.In this episode, I’ll share some tips and tricks on how to pay yourself as a business owner. I’ll add some important and helpful methods and tools that I’m using to compute my own pay. Enjoy listening! Here are a few insights you’ll hear in today’s show… - You should pay yourself as a business owner.- The negative results of not paying yourself as a business owner.- Methods and formulas on how to pay yourself.- The Cash Management aspect of paying yourself.- The Profit First by Mike Michalowicz.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergs
08:5614/06/2021
How To Get Out of Debt
Are you and your business struggling to pay the debts? Having too much debt is a terrible thing for your business and shareholders because it limits your business's ability to create a profit.Worry no more! In this episode, I’ll share some very helpful tips and methods on how to get out of debt. I’ll also highlight the advantages of having Profit Planning in your business. Profit Planning is equal to a debt-free business!Enjoy listening! Here are a few insights you’ll hear in today’s show… - Debt, most businesses have this.- One of the fundamental principles of Profit First: Freeze the debt.- The power of Profit Planning: Removing the debt of your business.- The Debt Snowball Method.- Summarizing the current topic and other helpful tips to get out of debt.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Twitter and Instagram: @annette_fergs
10:1011/06/2021
Self-Care
Self-care is incredibly important especially as a business owner. We’re the type of people that are always busy because we always think about a lot of things to ensure that our business will grow and survive, especially in this pandemic. In this episode, I’ll share the one mistake that I made when trying to reinforce self-care and the things that I did to correct it. Enjoy listening! Here are a few insights you’ll hear in today’s show… - Self-care --what that means when you're a business owner.- The importance of self-care.- The reason why we should remove the “self-care” in our to-do-list.- How we should reinforce self-care.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
06:5509/06/2021
Automate Your Money Task
Getting your business automated, especially the money side of it, is definitely important. Not just it will improve the operational efficiency but it will also definitely increase the credibility of your business as it will make the processes way way faster. Your customers and clients will definitely love this kind of feature in your business! In this episode, I’ll share the things that I do and I’m working on in my business to get things automated as well as the tools and software that I use and I find useful. Enjoy listening! Here are a few insights you’ll hear in today’s show… - Benefits of automating the money tasks in your business.- The failed payment and car abandoned sequences.- Business money tasks--getting your business automated.- The importance of mapping things out in your business. - You should know your data to automate money.- The tool that I find really useful for automating your money tasks. Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
10:4307/06/2021
Best Timing to Do Tasks for Your Business
Decision-making can be described as the process of reducing uncertainty about solution options. Now, making decisions can be really difficult when you are in an unstable condition, not just in yourself as well as in your business. In this episode, I’ll share the very important tips that I personally do and also work for me whenever I make decisions for myself and my business.Enjoy listening! Here are a few insights you’ll hear in today’s show… - The timings of doing things in our business and the headspace that we're in.- When we shouldn't make any decisions.- The things you should do before making decisions when you and your business are constantly unstable. - The very important tips to do to move out of those negative headspace.- Negative effects of making decisions for your business when in a state of panic.- When in a state of panic, assessing your Profit Plan is the key. Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
06:3304/06/2021
Conversion Rate Tracking
Tracking your conversion rates can be tricky yet very important specially when you’re looking into increasing your profit or sales revenue. Depending on what sector you're in, the most important thing is you know how to calculate and keep track of the trend. In this episode, I’ll share some very effective methods that you can use to track your conversation rates that I personally do with my business.Enjoy listening! Here are a few insights you’ll hear in today’s show… - I want to talk about conversion rates from some of the stuff that I have been working on in the backend of my business.- How you should do the calculation of your conversion rates.- Very important tips to increase our conversion rates.- The questions and factors you should consider depending on what sector you’re in. - The reasons why you should track your conversion rates.- Different methods to increase your conversion rates. Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
11:0502/06/2021
Assessing Your Business In the Current Situation to Identify the Right Strategic Decision
Our businesses are always intertwined with our personal lives, even if we really do try and separate the two. Because remember that our businesses are always either giving to our families or taking away from our families, in terms of time, in terms of money, in terms of our energy. At this point in time, what we do in our business might be that we need to make some tweaks again, we may need to change things, we might have decided that actually, we want to go in a completely different direction. Making sure that you do that not from a place of panic.Enjoy listening! Here are a few insights you’ll hear in today’s show… - Shocking news in the UK about the lockdown and other parts of the country.- Why our businesses are always linked to our personal lives.- Reassessing and changing our mind and our business during this pandemic.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
11:1631/05/2021
Is Your Strategy Ego Based, or Reality Based?
Ego-based strategy is normally defined as the businessman’s sense of self-esteem or self-importance. It’s true that esteem and confidence play a major role in every business owner’s success while reality-based strategy is a strategy that is based on numbers, data, and every information in your business. We all know that both have their pros and cons, and in this episode, I’ll share with you my thoughts about these two and we will compare them based on what I personally experienced. Enjoy listening! Here are a few insights you’ll hear in today’s show… - Ego-based strategy versus Reality-based strategy.- An example of Ego based strategy.- Strategy-based checklist.- How to make reality-based strategy a reality.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Uncover Wealth Radio podcast: https://annetteandco.co.uk/podcasts/Facebook Group - Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
10:0428/05/2021
Practical step when you feel overwhelmed
Being overwhelmed is the last thing we would want to feel when managing our business because things will not go according to your desire and things will go sideways as you will lose your focus.We have a lot of ways to deal with it and in this episode, I’ll share some very effective tips that I’m personally doing when battling overwhelm. Enjoy listening! Here are a few insights you’ll hear in today’s show… - How I deal with overwhelm.- The step to overcoming overwhelm: Writing everything in a diary and delegation. - The step to overcoming overwhelm: Push yourself.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
09:5226/05/2021
Simplification
Does your business have too many unnecessary processes and systems? Do you feel that you and your team are getting overwork needlessly? What you need to do is to SIMPLIFY things! Simplifying things in your business will result in a healthier and much more efficient approach to growth. In this episode, I’ll share the great power of simplicity which can be achieved by staying focused on specific goals and cutting out the unnecessary processes that are diverting attention away from those goals.Enjoy listening! Here are a few insights you’ll hear in today’s show… - As business owners, we have a tendency to overcomplicate our business--learn to simplify it!- The great results of simplifying things in your business. - The power of Simplification. Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
06:2424/05/2021
Money Mindset
A money mindset is an overriding attitude that you have about your finances. If you change your mindset about money, you tend to make better choices about how to overcome challenges.I’ll be only covering a chunk of this huge topic and it’s about YOUR WORTH. Do you think your worth has a price? Think twice! In this episode, I’ll tell you the reasons why you shouldn’t be charging based on your WORTH. Enjoy listening! Here are a few insights you’ll hear in today’s show… - The reasons why you should think about your worth. - What I think about the phrase “Charge your worth”.- How to know what we can charge ourselves out at so that we can put that into our pricing.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
08:0021/05/2021
Balancing Maximizing Profits, Reinvestment, and Rapid Business Growth
We all want our businesses to thrive and succeed, not just for a short term but a business that can last and provides us profits that we can take home for ourselves and our families to enjoy. Creating a plan to grow your business can be difficult especially if you don’t have any particular method in mind and you don’t have a solid plan that you’re following. In this episode, I’ll share how to balance maximizing profits, reinvestment, and rapid business growth.Enjoy listening! Here are a few insights you’ll hear in today’s show… - What is Reinvestment?- The Rapid Business Growth.- Maximizing the profitability aspect.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
06:4419/05/2021
How to Maximize Profit in Business
Every business owner has different goals but the most common is to get profits. Now, you might want to ask yourself if you really want to maximize your profits. Do you think that you are already maximizing your profit in your business? With the current processes that you have, do you think it’s achievable? In this episode, I’ll share the FIVE key ways to maximize your profits in your business. Enjoy listening! Here are a few insights you’ll hear in today’s show… - The FIVE key ways to maximize your profits in your business. Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
07:0817/05/2021
When Is the Right Time to Hire?
It’s important to all business owners especially for small businesses to get the timing right when onboarding a new team member. The most common yet crucial factor that you will need to consider is the financial aspect of your business, this may be the core factor to solve before thinking of getting a new team member. In this episode, I will share with you the right timing to hire a new team member and the best ways that you can do if you're currently at the point where profit isn't really available. Enjoy listening! Here are a few insights you’ll hear in today’s show… - When is the right time to hire in your business?- The first thing that you need to understand: Know where your business is now- The best ways that you can do if you're currently at the point where profit isn't really available. - The importance of building out your Profit Plan before hiring a new team member.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
07:4714/05/2021
Hiring A profitable dream team
Most businesses thrive when they have the right people and team in their organization. The problem is.. How are you going to hire your Dream Team? There will be a lot of factors to consider and it will definitely take a great amount of effort before building your profitable Dream Team.In this episode, I’ll share some very effective tips and tricks that will definitely help you build your own profitable Dream Team.Enjoy listening! Here are a few insights you’ll hear in today’s show… - What I mean when I'm speaking about a team member.- The first thing that you should understand before hiring your dream team.- When you start your hiring journey.- The THREE key things that you should implement when hiring your profitable dream team.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
07:5712/05/2021
The Habits of Profitable Entrepreneurs
All successful profitable businesses are run by entrepreneurs who harbor the right habits. Any business owner who's committed to achieving financial and profitability success needs to ensure that they're executing the right habits in business. In this episode, I’ll share the TOP FIVE key habits of profitable entrepreneurs that you can definitely apply to yourself and to your business. Enjoy listening! Here are a few insights you’ll hear in today’s show… - The FIVE key habits of profitable entrepreneurs.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
05:3610/05/2021
Why “Fake it till you make it” is a Terrible Idea!
There's a fine line between 'fake it till you make it' and flat-out lying. Faking things about your business might be good at the beginning but once your customers and your clients find out the true colors of your business, things will crumble and you will lose your integrity. Things will go bad in the long run as you will lose your credibility and it will definitely hit you, not just because you lost your customers and clients but because it really isn’t aligned with your values--you will definitely feel bad about it. In this episode, I’ll share some stories that illustrate the negative effects of the phrase 'fake it till you make it. Always remember, always be true to yourself and your business, and once you do, remarkable things will definitely happen!Enjoy listening! Here are a few insights you’ll hear in today’s show… - A couple of stories really that are going to illustrate why fake it till you make it is terrible and why integrity is so important.- The reasons why you don’t need to pretend or lie about your personal and business status. - The importance of integrity as a business owner and being content with what you have in your business. - The things we should do as business owners when we know someone who doesn’t have integrity. - The facts about business testimonials and how you can differentiate it.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
15:3207/05/2021
How You Stay Organized In Your Business
In this day and age, pen and paper are not enough to make sure that your business is organized. We have a lot of FREE online resources and tools that we can use and maximize to ensure efficiency and make sure that everything is being done in your business. In this episode, I’ll share how to stay organized in your business using the different tools that we have online. Enjoy listening! Here are a few insights you’ll hear in today’s show… - How Asana helps me stay organized in my business. - Other online tools that you can use to stay organized in your business.- The Eisenhower matrix.- The Task Management Tool Bitrix24- How do we stay organized as a team.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
07:2605/05/2021
How I Overcome My To-Do-List
I want to talk you through the process of how I overcame my to-do list in the hope that it might also help you as well and support you in your business. Planning and understanding action points that are required for all those things, very much feed into profitability. If we are not taking the actions that drive and support profit in our business, then we don't get those results. If we are overwhelmed by our to-do list, we are not going to be taking those profitable actions that move the needle in our business. In this episode, I want to share with you my whole process of my to-do list, what I do with it, and I'm going to go into pretty much the steps that I do. Enjoy listening! Here are a few insights you’ll hear in today’s show… - Process of how I overcame my to-do list so that I can be efficient and productive.- Know more about Monday Hour One.- I will share with you the whole process of my to-do list, what I do with it.Connect with Annette Ferguson:Website: https://annetteandco.co.uk/Join our free community at: https://www.facebook.com/groups/theuncoverwealthcommunityTwitter and Instagram: @annette_fergs
11:2803/05/2021