What are the core needs of every modern business owner? Tune in this week as Amanda talks about the THREE core needs that could relate to any business owner but are especially relevant to the modern business owner. Not sure what a modern business owner is? Check out this episode of Seeing Through the Numbers podcast.
The Modern Business is something that probably didn't (and most likely couldn't) exist 5 years ago. The modern business owner therefore faces challenges that the traditional business owner doesn't. And at the same time, that owner has access to opportunities that are only brought about by advances in technology and a new way of thinking. In this episode, I introduce you to my definition of the Modern Business. I'll talk about its benefits, challenges and how the opportunities we now have can take a modern business global.
What on earth is a Trading Statement? What does it tell you and do you even need to bother looking at it? A Trading Statement is often overlooked in service based businesses simply because your Xero or Cloud Accounting file isn't set up to correctly reflect line items in your Trading Statement.
Budget vs Cash Flow. Do you need both, either or neither? Spoiler alert, neither is NOT the answer! In this episode, I break down the differences in the Budget and the Cash Flow, why you need them and how you can use them to create your goals and make better decisions for your business.
Find out more about both these reports in Chapter 4 of Unscramble Your Numbers - get your copy in paperback or PDF HERE. The audio book is coming soon!
As a business owner, how on earth do you monitor what they are doing when you don't quite understand what they are doing? In this episode, I'll talk about setting KPI's for your bookkeeper to not only keep them on track but also ensure that the management of the financial side of your business is on track. A must listen for any modern business owners who don't have any idea how to keep the books
Christmas was only a second ago but it really is the time to prepare for the next big break in trading which is Easter. My tips to get you prepared to either deal with the break in trade or hopefully be able to take a few weeks off over the Easter holidays.
In this episode, Amanda discussed about privacy and cloud accounting. What you need to know and what you need to do around your clients data privacy
In this episode, Amanda talks about going above and beyond to provide amazing service for your clients. While going above and beyond is great from a customer service perspective, does it come and a cost...
Welcome back to Seeing Through The Numbers for 2020. In this weeks episode I'll talk about your vision for 2020 and how you can plan ahead now to make this year your best ever.
Business is a rollercoaster ride. Both the highs and lows can make or break you. Today I'm sharing my high - the hard work has paid off for me and I want to share my story with you.
Regardless of whether you take your holidays over Christmas or at another time during the year, you need to start cash flow planning as soon as possible so you can ensure bills are covered... and that you can switch off have an enjoyable holiday without the cash flow stress.
Are you a frequent business traveller? How do you cope with noisy places - are they your inspiration or your downfall? Amanda has been on the road for the last few weeks and she talks about her experience on the road!
Starting your day with a positive mindset can make all the differences in the world to your day and your business. Today we're talking about positivity in yourself and your business.
All these numbers in your cloud accounting systems are great... but what do they actually mean? It's time to start Unscrambling Those Numbers and finding out exactly what those numbers mean - for your business, for your decisions and for your cash flow.
And if you're ready to Unscramble Your Numbers head here.
Soaring is the best place to be in business. It's the place where you're business has reached the heights you dreamed it would, you have surplus cash in the bank and you have freedom to do what you need. BUT it's all too easy when you have cash to get complacent. So this is the time to be vigilant on debt collection, not overspending and getting ready to scale. Find out more about the 5 states here.
So you've got money in the bank, you don't need to worry about paying the bills (in fact you can pay them as soon as they come in) and you're feeling comfortable with a regular client base. That's striving in business... but it's still not a time for complacency around debt collection. Find out more about the 5 states here.
Are you surviving in business? You've gone beyond stressing about money and you can pay the rent without any issues BUT your bank balance just isn't growing. Your surviving but still not quite getting ahead.... Find out more about the 5 states here.
Do you find business a bit of a struggle? Do you have just enough money to pay the bills, managing from week to week, scraping together money at the very last minute? If so, this is the episode for you!Find out more about the 5 states here.
In the 5 levels of business the bottom one is Stress. Are you in a position where you are constantly stressing about the state of your business? Will more income fix it? Possibly but there are a few other factors will also contribute to stress levels in your business. Find out more about the 5 states here.
When customers and clients don't pay it can be frustrating and affect your cash flow and your relationship. In this case when is enough just enough?
Do you keep track of your successes? Time goes by so quickly and as the successes are achieved and the milestones reached, it's all too easy to forget them.
Are you grabbing hold of every opportunity that comes your way? Some times taking the left of centre opportunities can lead to even greater things for your profile, your business and your cash flow.
When life throws you a curve ball - how do you react? Do you catch it and run with it? Or do you do everything you can to avoid it? If you know your financial position does that allow you to better handle curve balls that come your way?
Are the referrals you're giving impacting your business? When you get a referral in you have complete control over the customer service. But how do you guarantee the same when you GIVE a referral?
Keeping an eye on your reports on a regular basis allows you to make informed decisions for the direction of your business.
<Click Here to Measure the Pressure in Your Business Finances.>
As a business owner you don't HAVE to know how to keep the books or do the accounts, but you do need to know which numbers you need to focus on to make the best decisions for your business.
<Click Here to Measure the Pressure in Your Business Finances.>
Do you ever feel like you don't know what the numbers mean? Are you the sort of person who only looks at your numbers when the accountant gets you to sign off on something or the bookkeeper sends a quarterly report? If so, this is the episode for you.
Are you feeling overwhelmed juggling your finances? Chances are you aren’t the only one, but chances are that overwhelm is then spreading to the rest of your business. How can you take the overwhelm out of the numbers so you can free yourself up to do the things you love?
<Click Here to Measure the Pressure in Your Business Finances.>
In this episode Amanda talks all about naming. How a name isn't just a throwaway thing, it can have a real impact on your customers perception, the message and ultimately your sales.
In this episode Amanda talks about finding the best person for those jobs that you need to outsource in your business. Weighing up cost vs benefit and finding the right fit for your business and your budget.
How well do you keep commitments to yourself? And is it harder to keep those than it is to keep commitments to others? This week Amanda looks at the importance of commitments to keep the business running. Promotion:
As mentioned in the podcast, I’m currently offering the first module of the Business Cash Flow Program for free.
How much is too much when you are divulging personal information? This week is all about finding the balanced between holding back or oversharing when making connections in business. Promotion:
As mentioned in the podcast, I’m currently offer the first module of the Business Cash Flow Program for free.
Do you celebrate little wins? It's important to not let wins slip on by but to stop and celebrate milestones in your life and your business to keep you motivated. Promotion:
As mentioned in the podcast, I'm currently offering the first module of the Business Cash Flow Program for free.
Are you taking responsibility for your actions? This week Amanda takes a look at how your attitude and actions can reflect on who does business with you.
It's impossible to think strategically when you don't have a business plan. This episode talks about a 5-year plan and what you need to do NOW to get to where you want to be in 5 years time.
The only way to get a different result for your business is to think differently. In this episode Amanda shares cracking tips on dealing with corporate clients and how thinking differently and having discussions can make a huge impact on your cash flow.
This week Amanda was on Norfolk Island. Where she was met with the unexpected. Are you prepared for the unexpected in your business?
Some people work to deadlines - leaving everything to the last minute. And others pace themselves and spread out the work so they aren't running around crazily the night before the due date. The same goes for bill payments... some pay straight away on receipt of the bill and others wait right until that due date. What's the pros and cons for your business?
Focus means many things to many people. But focus is imperative in a business to ensure that your finances don't get out of control!
What's the Number 1 Mistake people make in business? Focusing on the wrong thing. This week Amanda tells you how to avoid the mistake and what you do need to focus on.
If you're serious about your business you should start it with a proper accounting program in place. There are some great accounting packages for start ups which are a heap cheaper than having a bookkeeper or accountant decipher your excel spreadsheet and shoe box full of expense receipts. Invest early.
Handing over control is a huge deal for anyone, especially a business owner that is used to doing everything. But delegating doesn't always need to be a scary thing for business owners....
Continued learning is an important part of any business owners journey. And if, like me, you find yourself travelling to be taught by the very best, there are a few things you need to remember about both training and travel.
So many times I hear people coming to me saying they don't understand their year end accounts and tax returns. This is your business, if you don't understand your numbers please ASK!
The age old debate about work/life balance... but IS it all about balance really? Or is it more about setting some boundaries.
Referrers, loyal customers and advocates are the people who not only support your business, they share your business - be it via word of mouth or direct referral. You need to ensure that you're looking after your tribe as failure to do so can have real consequences.
Numbers are all around us. In your everyday life and in your business. The key is to not be scared of your business numbers and use your everyday knowledge in your business life.
In this episode Amanda looks at a few businesses and discusses whether technology is the cause of their downturn or demise; and whether technology is, in fact, the answer to a lot of growing businesses needs.
Solopreneurs choose to work in their business alone. But if you are a solopreneur you don't need to go through the whole journey by yourself. This week Amanda talks about the importance of mentors, advisers and friends in business.
Are you still in love with your business or is the honeymoon over? Understand your numbers and get the spark back by removing the stress that goes with the unknown.
Is productivity blowing your budget? This week Amanda talks about the importance of tracking projects. Failure to do so can strongly impact the profit.
In this episode Amanda talks about what it feels like to be the new kid in a situation. And how you, as an "old kid" can help to welcome the new members!
Ep. 31 | Following on from Episode 29, this week Amanda looks at Break Even again but this time for Product Based Businesses. A must listen for anyone with physical products in their business - brick and mortar or online.
We're talking this week about Integrity in Agreements. About how important it is to make an agreement *IN WRITING* and stick to it or do the variations properly.
What is the #1 number that owners of service-based businesses need to know? Break Even. Learn how to determine your break even and how to make the most out of the information you obtain.
Reflection in business is important. And, when it comes to the numbers, getting another perspective on things often helps your understanding.
Organisation is essential. Not just in your business but especially around your numbers. Putting a system in place to get a clear and accurate picture of your numbers at any moment.
Around this time of year when we are inundated with Black Friday and Cyber Monday sales it's good to double check whether your spending is "need to have" or "nice to have". The Power of Restraint is important.
Amanda is talking this week about integrity in all your business practices. About doing what you say and communicating with clients honestly and openly.
In episode 24 of the Seeing Through The Numbers podcast, Amanda talks about introverts needing to have people around them; and how both introverts and extroverts need to find a balance in how they spend their days.
In this episode, Amanda reflects on the image of a kitten looking into a mirror and seeing a big cat... are you thinking big or are you seeing the opposite and undervaluing yourself?about specific features of your product.
In this episode of Seeing Through The Numbers, Amanda talks about the importance of being watchful of your immediate and greater surroundings to see things that might be affecting your business.
In this episode, Amanda talks about how important it is to connect with people in an audience as well as connecting and communicating with your team, advisers and specialists to ensure that you are all on the same page within the business.
All the way from New York City, Amanda talks about the theme of the event that she is attending - Think Big - and how forward thinking and planning is imperative for businesses to stay relevant and profitable.
In episode 18, Amanda talks about the often misunderstood balance sheet. Amanda will break down the different elements of the balance sheet and explain the key things to look for to check the health of your business.
Too often accounting systems are set up to benefit the accountant but it's imperative that you get your system providing you with management reports so you can make informed decisions about your business.
Learn a simple way you can tweak your reporting to gauge profitability over several different revenue streams in your business.
Odjana specialises in small business & individual taxation as well as SMSF administration with the aim to help clients grow their business and increase profits.
In this episode, Odjana chats about small business, accounting, bookkeeping, taxation and log books. She also has some great tips for small business owners.
In episode 15, Amanda explains the often misunderstood differences between Cash and Accrual Accounting. A must-listen for small business owners.
In episode 14, Amanda talks about the importance of understanding your numbers and takes you through a few scenarios that she has encountered in her career.
Roland is a Business-Life Coach who works with business owners to discover what their business and life could really look like and then he helps them build it.
Roland is the author of The Ten Truths Trilogy, business books for people who don't read business books (but should).
Seeing Through the Cash Flow.
Amanda will talk more about cash flow forecasts and how they can assist businesses in various stages of growth or crisis.
In this episode, I'm talking with Stuart Hunter, National Head of Sales Australia and New Zealand at Futrli.
Futrli is an online service where you can get all the answers about your business in one place by combining existing business data with planning for the future, to help you make the right decisions.
Today I'm talking about how to prepare a manual cash flow forecast for your business. This is important for a few reasons, it allows you to predict your cash at bank at the end of each month, it gives you an opportunity to review expenses (before they hit your bank account) and gives you the foresight you need especially in start-up and growth phases where external funding might need to be arranged.
Jan Reeves is the creator of GET PAID! the short small business owners course on how to get invoices paid on time without upsetting customers.
In this episode of the podcast, Amanda talks to Jan about how small business owners can tweak their admin process to ensure invoices get paid promptly.
Money coming into your bank account is great.
But the key is to understand the difference between revenue and capital receipts and which ones will impact your profit and loss and which ones just help your cash flow in the short term.
In this episode of Seeing Through the Numbers, I’m talking with Drew Browne from Sapience Financial about business expense insurance.
Drew is a straight-talking financial adviser who believes life is not about money. He’s focused on helping small businesses owners and their families, protect and provide for those they love and what they’re are responsible for.
A big believer in protecting your purpose, Drew believes when people feel secure, they live bigger lives and lead better businesses. His company Sapience Financial & Investment is a Certified B Corp and in 2017 he received the Westpac Businesses of Tomorrow Award.
We’ll find out just what Business Expense Insurance is, discover the best time to take it out and whether this is right for your business.
Whilst you do need to spend money to make money, often expenses creep in and you find if you look that you're paying for things you don't require or need. In this episode, we'll take a look at how to save money on things like subscriptions, fixed vs variable costs, ROI
In this episode, I’m talking with Nick Urry from Dexterous Accounting about bookkeeping.
Nick has worked in Finance & Operations for over 10 years across a range of sectors including Professional Services, Recruitment and currently Banking & Financial Services.
Nick is a CA and registered Tax Agent. His experience working in large organisations and also small businesses has given him an appreciation for just the right amount of process and procedures required to develop a high functioning finance team / operation.
Nick is highly effective in analysing a process and then recommending and implementing efficiencies either through automation or more general process improvements. The end result is an enhancement to the existing process and creation of a more efficient operating environment saving businesses time and money.
In this episode, Amanda will take about bookkeeping – no, not about how to be a bookkeeper or data entry – I’m going to talk about the importance of bookkeeping to allow you to get accurate data for your business. And also how to best manage your relationship and data with an external bookkeeper.
In this episode, I’m talking with Paul Rose from Waddle about Small Business Finance – but a bit of a different type of finance than most small business owners would be used to.
Paul Rose is the Head of Sales at Waddle.
Waddle provides a modern invoice finance option to businesses via an easy to use cloud-based platform which integrates seamlessly with cloud accounting system. Their customers use Waddle to manage cash flow, access cost-effective working capital and to drive their business forward. Based in Sydney, Waddle is the fastest growing cloud-based invoice financing provider.
In this episode, Amanda will talk about managing your cash flow for the long-term and how to manage your accounts payable and receivable to always keep some money in the bank.
Many businesses run into the issue of not having sufficient money to keep the business going.
The excitement of a startup can quickly be replaced by the realisation that you’ve spent all the cash and you don’t have the money to sustain your business AND contribute to the bills at home.
In Episode 1 of the Seeing Through The Numbers Podcast, Amanda will be addressing the common question of “You say I’ve made a profit, but where’s the money?” She’ll look at the difference between Cash Flow and Profit and what each means to the all-important cash in the bank.
Amanda will also talk about the best way to juggle your accounts to ensure that you always have money to pay the ATO, your employees and the other legal obligations.