Master The Big 5 Numbers for Explosive Profit & Growth

Profit Cash Growth

In this week's episode, we dive into the five essential business numbers you need to master to drive your business towards increased profits, improved cash flow, and sustained growth.

Join hosts Simon and Claire as they explore the critical metrics every business owner should track. They discuss the importance of turnover, gross profit, overheads, operating profit, and profit after tax, providing insights into how each of these numbers impacts your business's financial health.

Furthermore, the episode covers the fascinating story of Tupperware's bankruptcy, exploring the pitfalls of brand genericisation and the importance of adapting business models to changing market conditions. Claire shares insights on the impact of significant debt and financial covenants on a business's viability.

Listeners will also enjoy a lively discussion on the challenges of managing overheads, setting realistic profit targets, and the importance of understanding adjusted EBIT for a true valuation of your business. Simon and Claire emphasize the significance of selling more and charging appropriately to drive profitability, rather than just focusing on cost-cutting measures.

To wrap up, Simon shares a compelling book recommendation, "Predictably Irrational" by Dan Ariely, highlighting the importance of understanding human behaviour and decision-making in business. This episode is packed with valuable insights and practical advice to help you navigate the complex world of business finance.

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ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.