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I Hate Numbers

Business & Economics Podcasts

For some, watching paint dry, or a poke in the eye is better than dealing with their business numbers. I get it, numbers can be scary, confusing, and boring, not what your business is meant to be about. But here’s the thing. If you’re serious about your business, you need to grab hold of your numbers, and connect with them. Falling in love with them may feel weird, but at least be on friendly terms with them if you want your business to survive and thrive. Numbers make you accountable, showing you the financial impact of your successes, a route map to success and highlighting those flip-ups. Above all, learning to love & use your numbers means you have a better chance of making money, what’s not to love. Fundamentally business is there to make money. You need to make money to survive and have impact. It’s about knowing how your future is going to pan out. Bear with me as I embark on this new journey. This podcast is aimed at any business, for profit or not for profit that is looking to get more acquainted with what their numbers mean. My aim is to make this podcast listener friendly, jargon and BS free. In the words of W.E.B. Dubois “When you have mastered numbers, you will in fact no longer be reading numbers, any more than you read words when reading books. You will be reading meanings.” This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy

For some, watching paint dry, or a poke in the eye is better than dealing with their business numbers. I get it, numbers can be scary, confusing, and boring, not what your business is meant to be about. But here’s the thing. If you’re serious about your business, you need to grab hold of your numbers, and connect with them. Falling in love with them may feel weird, but at least be on friendly terms with them if you want your business to survive and thrive. Numbers make you accountable, showing you the financial impact of your successes, a route map to success and highlighting those flip-ups. Above all, learning to love & use your numbers means you have a better chance of making money, what’s not to love. Fundamentally business is there to make money. You need to make money to survive and have impact. It’s about knowing how your future is going to pan out. Bear with me as I embark on this new journey. This podcast is aimed at any business, for profit or not for profit that is looking to get more acquainted with what their numbers mean. My aim is to make this podcast listener friendly, jargon and BS free. In the words of W.E.B. Dubois “When you have mastered numbers, you will in fact no longer be reading numbers, any more than you read words when reading books. You will be reading meanings.” This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy

Location:

United States

Description:

For some, watching paint dry, or a poke in the eye is better than dealing with their business numbers. I get it, numbers can be scary, confusing, and boring, not what your business is meant to be about. But here’s the thing. If you’re serious about your business, you need to grab hold of your numbers, and connect with them. Falling in love with them may feel weird, but at least be on friendly terms with them if you want your business to survive and thrive. Numbers make you accountable, showing you the financial impact of your successes, a route map to success and highlighting those flip-ups. Above all, learning to love & use your numbers means you have a better chance of making money, what’s not to love. Fundamentally business is there to make money. You need to make money to survive and have impact. It’s about knowing how your future is going to pan out. Bear with me as I embark on this new journey. This podcast is aimed at any business, for profit or not for profit that is looking to get more acquainted with what their numbers mean. My aim is to make this podcast listener friendly, jargon and BS free. In the words of W.E.B. Dubois “When you have mastered numbers, you will in fact no longer be reading numbers, any more than you read words when reading books. You will be reading meanings.” This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy

Language:

English


Episodes

Understanding cost based pricing

11/27/2022
Many businesses use cost based pricing, or cost plus pricing but what is it? How does it work, what are its advantages and disadvantages When it comes to pricing your goods or services, there are a few popular strategies that business owners use. The most well-known is cost-based pricing, where you charge what it costs you to produce or provide the good or service. In this weeks I Hate Numbers podcast I'll focus on cost plus pricing is and how it works. Furthermore , I will look at the...

Duration:00:09:45

Why financial planning is wonderful

11/20/2022
It's no secret that I know that financial planning is wonderful. Successful businesses require effective financial planning. But did you know that there are several other benefits to financial planning as well? In this podcast I'll look at some of the key advantages of financial planning for your business. Whether you're just starting out or you've been in business for a while, it's never too late to get started on sound financial planning! The benefits of financial planning are vast, and...

Duration:00:11:18

Why you should ignore your numbers

11/13/2022
So, if you’re someone who hates numbers I have five reasons Why you should ignore your numbers. Firstly, if having no clarity or focus in your business sounds appealing to you then by all means continue to avoid looking at your numbers. Secondly, if making decisions on the fly without any real understanding of what is happening works for you then keep doing what you’re doing. Thirdly, if experiencing stress and anxiety is how you like to roll then go ahead and stay blissfully ignorant of...

Duration:00:00:25

Explaining assets and liabilities

11/6/2022
Explaining assets and liabilities is my mission in this weeks I Hate Numbers podcast, episode 140. It’s not recommended practice, certainly mine, to operate without considering its assets and liabilities. However, what do these terms actually mean? In this podcast I'll break down what constitutes a business asset and explain some of the most common liabilities businesses face. We'll also provide some tips on how to manage your company's finances effectively. So, if you're looking to get a...

Duration:00:11:22

Explaining gross profit

10/30/2022
Explaining gross profit is my mission this week. Gross profit is the amount of money you make after subtracting the cost of goods sold from your total revenue. This number tells you how much money is left over after you've covered the costs associated with making and selling your products or services. Check out last weeks podcast and video looked at Operating profit. This is the amount of money you earn after all expenses have been taken into account. It's what's left over after you've paid...

Duration:00:11:54

Explaining operating profit

10/23/2022
Explaining operating profit is this weeks I hate Numbers podcast. Operating profit is a performance measure that tells you how much money your business earned from its core operations. It's a figure that business often overlook when it comes to budgeting and long-term planning. But understanding your operating profit is essential if you want to make the most of your resources. This podcast breaks down some key points about operating profit and gives examples of how you can use this...

Duration:00:06:44

Using operational gearing

10/16/2022
Risk is a natural part of business life; using operational gearing measures one of those risks. Sorry to throw in a bit of jargon there at the start, my jargon buster ray gun is there at the ready. Have you ever wondered what operational gearing is? And how it can benefit your business? Maybe you have never heard of it. Wonder no more, I look at operational gearing in this week’s podcast. Firstly, I explain what operational gearing; secondly, how you measure it. Finally, how you can use...

Duration:00:10:10

Understanding and using break even

10/9/2022
If you want to stay afloat in your business, understand break even and how it can help. Every industry needs this key number for different reasons but regardless of what kind of company or size you are you should have a grasp on these fundamentals! Understanding and using break even and applying is neglected by many business owners. That's a shame, it's powerful and in helping you make profit, and better business decisions In this week's podcast I will Firstly, explain what break-even...

Duration:00:11:32

How your business deals with a recession

10/2/2022
A recession is a difficult time for any business, so knowing How your business deals with a recession is a vital part of your toolkit, It may be that your customers may have less money to spend, you may have to let staff go, and your bottom line may be shrinking. But all is not lost, there are things you can do to help your business weather the storm. In this week's I Hate Numbers podcast I'll look at some ways to deal with a recession and keep your business afloat. Furthermore, your...

Duration:00:13:14

Calculating cash profits

9/25/2022
Are you a business owner looking to make the switch to cash basis accounting? The transition can be daunting, but it's worth it if you want to make the most of your profits. In this podcast I'll take a look at how traditional accounting compares to cash basis accounting and show you how to calculate your tax profits under each system. Let's get started! The cash basis for tax seems like the right decision for a lot of small business owners. Moreover, it’s simple, straightforward, and easy...

Self-employed tax returns

9/18/2022
Self-employed tax returns can be daunting, but they don't have to be! This weeks I Hate Numbers podcast takes you through how to fill in your self-employed tax return for the year 21-22. I'll explain everything you need to know, so you can be confident in completing your return. Plus, I've got some handy tips to help make the process as smooth as possible. Let's get started! Self-employed individuals have to file a self-employed tax return each year. This document is used to report your...

Duration:00:16:26

How to complete your self-assessment return 21-22

9/11/2022
Why do you need to know How to complete your self-assessment return 21-22 ? Well, are you self-employed or run a small business? If so, you'll need to submit a tax return to HMRC for the financial year 21-22. This can seem daunting, but with careful preparation, it doesn't have to be difficult. In this blog post, we'll outline the steps you need to take to ensure your return is filed correctly and on time. We'll also cover some of the common deductions and allowances that may apply to...

Duration:00:15:50

Making business decisions in uncertain times

9/4/2022
Making business decisions in uncertain times can be difficult. There are a lot of things to consider and it can be hard to know what the right thing to do is. However, by taking a few things into account, you can make decisions that will help your business grow and thrive in any situation. Here are the A’s, the three tips for making smart business decisions during uncertain times. plan Conclusion Making business decisions in uncertain times can be tough for business owners. It’s hard to...

Duration:00:10:42

Dealing with a cost of business of crisis

8/28/2022
If you're a business owner, then you know that the cost of doing business is always on your mind. But what do you do when that cost suddenly skyrockets? Whether it's an increase in rent, wages, or material costs, a sudden spike can be disastrous for your bottom line. Here are a few tips to help you weather the storm. "Losing your head in a crisis is a good way to become the crisis." C.J. Redwine Not as much media time, comments through social media, or sympathy, but there is a real cost of...

Duration:00:14:51

Customer lifetime value and segmentation

8/21/2022
Customer lifetime value and segmentation is this week's episode of the I Hate Numbers podcast. Last week I kicked off with part one I will be continuing from part one my exploration of customer lifetime value by looking at These topics are important for anyone looking to improve their business profits, deliver a positive customer experience, or simply improve their understanding of their customers. By segmenting customers according to their lifetime value, businesses can focus their...

Duration:00:11:48

Using customer lifetime value

8/14/2022
Numbers gives you business superpowers, you should be Using customer lifetime value as one of those numbers. In this podcast I will So, whether you're just starting out or you've been in business for a while, listen to find out more! If you're in business, it's important to know how much each of your customers is worth. Knowing your customer lifetime value (CLV) can help you make more informed decisions about where to focus your marketing efforts, and how much to spend on acquiring new...

Duration:00:10:33

The impact of VAT registration on your business

8/7/2022
So, what is the impact of VAT registration on your business. That is what I am looking at in podcast episode 127 of I Hate Numbers. There will be changes, and in the words of Charles F. Kettering “People are very open-minded about new things, as long as they're exactly like the old ones.” So, what changes when you become VAT registered? 🍨Mindset change - you’re now an unpaid tax collector, no salary or fringe benefits 🍨Pricing conversations and decisions to be had, unless you want a...

Duration:00:12:05

How to use ratios to make financial judgments

7/31/2022
Why should you use ratios to make financial judgments? Well, are you curious how well your business is doing financially? Or maybe you're looking to acquire or invest in a business and want to know what to look for? Ratios are a great way to judge a company's financial performance. In this weeks podcast I'll go over the most common ratios and what they mean for your business. To be a successful business owner, you need to be able to judge your company's financial performance. One way to do...

Duration:00:18:57

Using financial ratios in business

7/24/2022
There's no doubt that Using financial ratios in business are one of the most important tools that business owners have in their toolkit. By using financial ratios, you can get a better understanding of how your business is performing, and make changes to improve your bottom line. But what are financial ratios, and how do you use them? Are you curious about what financial ratios are and how they're used in business? Wonder no more! In this podcast I will I’ll explain why they're important....

Duration:00:15:59

Measuring your financial performance

7/17/2022
If you're a business owner, then Measuring your financial performance, keeping track of it is essential to your success. But do you know how to measure it? In this podcast, I'll explain two important metrics for measuring your business's financial performance. If you want to make sure your business is on track financially, keep reading! No one ever said that being in business was easy – it takes a lot of hard work and dedication to be successful. But one of the most important things you...

Duration:00:12:14