Episodes
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If you've observed a decline in the frequency of one or two customers purchasing your products or services, it may indicate that they have churned. While most businesses face churn, it's essential to keep track of it. Research suggests that retaining existing customers is more cost-effective than acquiring new ones.
In this episode, Annette will provide you with some useful tips to prevent churn in your business
Here are a few insights you’ll hear in today’s show…
What is ‘churn rate’ and do you compute the churn rate?Why is it important to monitor churn rate and why is it more effective to retain customers rather than acquiring new ones? What are the causes of churn?How do you reduce churn, what are the strategies that you can implement in your business? How to measure the success of your churn-reducing strategies.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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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As a business owner and a mother of two, my morning routine has to involve my family.
I value family time, so I'm always there to help my children get ready for school and eat breakfast together. I've tried the "get up at 5 am and get your day done by 11" routine, but it's not sustainable for me. It's crucial to design a morning routine in the context of one's family and how one wants their family to operate. I usually start my workday after my children leave for school. I review my calendar and have a daily huddle meeting with my team. Sometimes, I exercise in the morning, but it's not a regular part of my routine. I don't do affirmations, journaling, or any of the popular morning routines. Instead, I suggest doing a brain dump at least once a week to organize all the swirling to-dos in one's head.
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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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Missing episodes?
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Simply having numerous customers who owe significant debts does not necessarily equate to a successful business. In fact, it can be detrimental, particularly to the cash flow. Therefore, although offering credit to customers can be beneficial, small business owners should understand the potential negative impact that trade debtors may have on the company's stability.
Here are a few insights you’ll hear in today’s show…
Steps to manage trade debtors:
1st Step - Understand your payment terms - What are payment terms and how it can affect your cash flow?2nd Step - Send out invoices on time. 3rd Step - Chase late payments4th Step - Make sure you monitor your accounts receivable - What are Accounts Receivable?5th Step - Offering discounts for early repayments6th Step - Setting clear credit limits 7th Step - Invoice Factoring - What is invoice factoring?8th Step - Build strong relationships with customers9th Step - Consider offering payment plansResources:
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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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Today's episode is about my favourite motto: trust your gut and understand the data. I explain the importance of both trusting your intuition and analyzing data when making business decisions.
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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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There are several bottlenecks business owners face and need to overcome in order to scale and grow their business to successful fruition. It is often said that some business owners themselves are the bottleneck of their business. That is why it is important to look into yourself and see what’s hindering you from unclogging the bottlenecks in your business. A business owner needs to be open to feedback because being at the center of the business may mean not seeing what’s in the hindsight.
Here are a few insights you’ll hear in today’s show…
What are some examples of bottlenecks that can occur in any area of your business?What are the four steps to identify bottlenecks in your business?How do you eliminate those bottlenecks so that you can grow and scale your business? Why does the owner themselves become the bottleneck of the business?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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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In this episode, I discussed the current economic climate of slow wage growth and high inflation leading to the cost of living crisis situation. You will hear how this impacts businesses and why it is essential to understand the situation even if you are in a B2B environment.
I suggested ways to navigate pricing and revenue strategy in a declining economy, such as cost-cutting, reducing waste, and streamlining processes to be more efficient with operations.
Additionally, you will learn to assess the value stack and different pricing points to provide options for price-sensitive buyers. I highlighted the importance of value-based pricing, even during tighter economic times, and suggests an exercise to help businesses understand the value they deliver and how it links to price.
Finally, find out the importance of being transparent with pricing and communicating any price increases to customers or clients.
Overall, this episode provides practical tips and strategies for navigating the cost of living crisis in a business, ensuring profitability, and delivering value to customers and clients.
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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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It is a common struggle for most small business owners to move up from the five-figure to six-figure revenue in their business and oftentimes, they can’t seem to move out of a revenue plateau being experienced in their business. As business owners you need to be able to pivot and shift in order to create space to move up the next level.
Listen to this episode and learn from Annette the three shifts necessary to create the needle mover in your business.
Here are a few insights you’ll hear in today’s show…
Three Shifts to Move from a 5-figure Business to a 6-figure One
Shift #1 - From Doing to delegating - Why is there a need to delegate as the business grows?Shift #2 - Moving from reactive to proactive - What is the difference between the reactive and proactive approach?Shift #3 - Moving from transactional to relationship-based approach - Why is it important to consider a long-term relationship with customers and clients?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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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In this episode of from a Facebook Live, Annette shares her insights on the hardest lesson she had to learn as a small business owner. She discusses her experiences with hiring and firing, time management, and the importance of cash management in a business.
Annette explains that while she struggled with hiring and firing, she learned that ultimately, the buck stops with the business owner. She emphasizes the importance of taking responsibility for your business in order to achieve success.
She also stresses the importance of time management, setting boundaries, and analyzing how your time is spent in order to be more efficient and effective in your business.
However, Annette's biggest lesson came from understanding the importance of cash management. She discusses how for years, she thought that revenue growth would solve her business's financial problems. But it wasn't until she read the book "Profit First" and implemented its strategies that things changed for her. Annette realized that focusing on profitability and cash management was key to getting more money home from her business.
Annette concludes by encouraging her audience to read "Profit First" and to focus on cash management regularly in their businesses. She also announces that next week's topic will be on pricing and the cost of living in a crisis.
Overall, Annette's insights provide valuable lessons for small business owners on the importance of taking responsibility for their businesses, time management, and cash management.
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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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Experiencing a plateau in business revenue can be a daunting and discouraging experience, particularly when it appears to be challenging to overcome. This is a common situation that many small business owners face, but the positive news is that there are effective approaches to break through these plateaus. As a business owner, it's critical to remain receptive to change and seek out strategies to overcome these challenges, which Annette will discuss in this episode.
Here are a few insights you’ll hear in today’s show…
The Six Steps to Break Through Your Revenue Plateau
- Step #1 - Revisit your revenue plan - Why do you need to reassess your business and profit plan?
- Step #2 - Diversify your revenue streams - What consideration do you need to check first before adding a new income stream to your business?
- Step #3 - Increase your marketing efforts - What are some of the marketing efforts that you can utilize to raise awareness for your brand?
- Step #4 - Improve your customer service - Why is it important to gather insights directly from your customers?
- Step#5 - Evaluate your pricing strategy - What different pricing options can you offer to your clients?
- Step #6 - Focus on operational efficiency - What are the ways by which you can improve your operational efficiency?
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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
- Facebook - https://www.facebook.com/UKAnnetteFerguson/
- Instagram - https://www.instagram.com/annetteandco_/
- YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
- Listen 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
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Today's podcast is from a Facebook live where Annette Ferguson discusses her experiences with investments and money leaks in her business journey. She shares the good and bad choices she's made and offers valuable advice to help others avoid making the same mistakes.
Money leaks in business investments:a. Investing in complicated CRM systems that are not suitable for the stage of the businessb. Spending money on branding too early in the business journeyc. Investing in multiple programs and courses at the same time without proper implementationd. Being a member of multiple memberships simultaneouslye. Investing in a program to learn about its backend operation instead of directly consulting the program creatorGood investments in business growth:a. Building a reliable team and setting them up for successb. Automation tools like Zapier to save time and energyc. Internal communication tools like Slack for efficient team communicationd. Investing time and effort into business growth, sales, and marketingBy understanding her past experiences, Annette hopes that others can avoid some of the money leaks she encountered and make better decisions when it comes to investing in their 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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
- Facebook - https://www.facebook.com/UKAnnetteFerguson/
- Instagram - https://www.instagram.com/annetteandco_/
- YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
- Listen 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
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As a small business owner, you might fall into the trap of three common pricing mistakes in your efforts to attract or retain clients. Unfortunately, the outcome of such actions can lead to losing clients instead. By listening to this episode, you can gain insights on these three pricing errors and learn how to avoid them effectively.
Here are a few insights you’ll hear in today’s show…
- Red Flag #1 - Pricing based on cost and not on the value you offer - How to avoid this red flag?
- Red Flag #2 - Pricing your services too low - What wrong signals do you give to clients when pricing is too low?
- Red Flag # 3 - Not adjusting your pricing accordingly - Why is it important to review your pricing regularly?
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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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Let’s face it, running a business is really daunting and looking at the direction of other businesses for comparison or trying to copy what they have done will bring you out of focus in your own business. When you are out of focus on your own business, this can be detrimental to your own success.
Listen to this episode and hear from Annette her reasons why it is not worthwhile to compete with others and what you should do otherwise.
Here are a few insights you’ll hear in today’s show…
What is the first reason why comparing yourself with other businesses will not work? (...What do you need to do instead?)Why is comparing your business with others a waste of time and energy?What is the point in comparing yourself with other people's businesses of which you do not have control?Learning from others, not copying them is the better way rather than competing.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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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Taking it from Annette’s personal experience, especially when you are starting with your business, there will be use of time that is not going to be productive for you and the business.
In these Training Tuesday live sessions, Annette will share how she is able to cut the unproductive time that is taking her time which should have been for productive use for the success of her business.
Here are a few insights you’ll hear in today’s show…
Tracking time is the first important step to know where your time is going.Why is establishing boundaries and knowing when to say 'No' is important, not only in business but in your life? Having a structured schedule helps in getting all your tasks done. Why is it important to understand which tasks you need to prioritize?Annette's 5th step - Assess what else can be automated and technologically systemized in your business.What should be checked first before delegating to others?The final step - Setting goals and tracking progress.Resources:
Time Tracking Software
https://quickbooks.intuit.com/time-tracking/
Paper Diaries from Ponderlily
https://ponderlily.com/
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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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Knowing who your ideal client is beneficial to you as a business owner because you can save time, money and effort with a targeted market. Of course there are some industries where they can cater to all kinds of clients but for most small business owners, you need to identify who they are so that you can tailor your products, services and product development for them.
Demographic information plays an important part in identifying your ideal client because knowing their age, location, income level, etc can be a source of repeat customers.
Here are a few insights you’ll hear in today’s show…
Who is an ideal client? Why is it important to have targeted marketing?How do you build a loyal customer or client base and how do you go about identifying your ideal client?What are the six ways that you can connect with your ideal clients?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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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Do you know why big companies consistently buy air time for their advertising in TV programs and even in online shows on YouTube? They do this so that people will remember their brand, causing more people to purchase more from their business.
Now for small businesses, it may not be as big in paid advertising for big companies, because needless to say, there has to be a budget for that, but other than paid advertising there are various ways to put your brand in front of potential buyers, customers or clients without spending so much.
Here are a few insights you’ll hear in today’s show…
In today’ digital age, it is now possible to build a strong online presence.Why is maintaining an active social media presence important for your brand’s visibility?Publishing quality content that is informative, engaging and relevant is important to your audience.How to utilize paid advertising effectively?Why is partnering with other businesses a powerful way to increase visibility?How to identify relevant industry events that will place you in front of ideal customers and clients?Why do you need to leverage the power of email marketing?Engaging with your audience does increase your loyal customer base.Why is visibility essential to increase profitability?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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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Usually when you are a small business owner, people are quick to judge that you came from a working class family or you came from poverty. In that case, however, that is not something to be ashamed of, instead it is something to be proud of. It is proof that you are exerting your best effort to uplift your circumstances. And, mind you, there are a lot of small business owners who are successful in their entrepreneurial pursuits.
To be successful, one of the actionable steps is in your mindset. Listen to this episode and learn what actionable steps to take to achieve success regardless of where you came from.
Here are a few insights you’ll hear in today’s show…
Actionable step number one - Your mindset. What is the growth mindset and why is it important?Actionable step number two - Building a strong network for supportActionable step number three - Learning from others, not only from others but from various resources that are available. Actionable step number four - Networking and building relationships. Actionable step number five - Taking ActionActionable step number six - Overcoming challenges. What are the keys to overcoming challenges?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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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When you have a small business, you want to make sure that you are overseeing your business personally and probably doing so many tasks that can completely overwhelm you. Before you know it, you have totally forgotten how to take time out for yourself, to recharge or replenish your energy. When that happens a lot, it can be the cause of sickness and can be damaging to your mental health, as well.
In today’s episode, Annette will walk you through her simple strategies to prevent burnout and redeem yourself from overwhelm.
Here are a few insights you’ll hear in today’s show…
Strategy number one - Setting Clear BoundariesStrategy number two - Delegating TasksStrategy number three - Automating ProcessesStrategy number four - Prioritizing Self Care Strategy number five - Time BlockingStrategy number six - Mindful ManagementResources: Automation Software and Tools
Zapier - https://zapier.com/
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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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As a small business owner, it is very easy to be sidetracked in the day to day operations of your business, because being small you may be doing several capacities in your business. This often leads to forgetting important aspects of your business such as customer service, marketing or keeping track of your finances.
So if you are a business owner and you really want to be able to realize profit and take-home pay, you should listen to this episode. Here, Annette will share her strategies to be on the right path for profit.
Here are a few insights you’ll hear in today’s show…
The importance of planning and goal setting. What are the benefits of goal setting? What does the acronym S.M.A.R.T stand for?What are the things that you can do to simplify your business processes?Why is proper time management important in productivity and for achieving your goals?How can time blocking help with scheduling?Why is it necessary to keep track of your finances?What are some strategies for growth?Resources: Automation Software and Tools
Trello - https://trello.com/
Asana - https://asana.com/
Notion - https://www.notion.so/
Zapier - https://zapier.com/
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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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Implementing automation in your business processes can benefit a lot for your business in terms of productivity and efficiency. Automation is highly encouraged especially on tasks that are done on a repetitive cycle, on tasks that aid in marketing campaigns, improve on customer satisfaction and the like.
However, before you go into automation there are many things to consider, such as which tools are really necessary, as well as the budget for these new tools and software. There has to be a balance on the long term benefits versus the money spent on technology solutions. It is really important to study the feasibility of incorporating automation into the business, so that growth can be a reality.
Here are a few insights you’ll hear in today’s show…
- What is automation and how can it help your business grow?
- In what ways can automation help small businesses grow and become more efficient?
- How do we introduce automation in our business, what are the steps we can do to integrate automation in our business processes?
- What are the factors to consider when choosing the right tools for automation?
- Some examples of automation software and applications that can be used and what are the specific areas in your business that these tools can help with?
- What are the steps to implement automation in your business workflows?
- In what ways can you train your employees once you've chosen the new tools for your business?
- Why is it important to monitor the performance of the chosen automation software? (...What are the steps to monitor the performance of a software?)
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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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Running a business can overwhelm us and if we don’t know how to combat it, the results can be detrimental to your business. You as the business owner are the most important asset of the business and as such must prioritize your well being, to keep up with the daunting tasks of making your business afloat.
In this episode, Annette will give us insightful strategies to conquer overwhelm and by implementing these tips, you can reduce stress, stay present in the moment and focus on what you can control in running your business.
Here are a few insights you’ll hear in today’s show…
- Why is it not good to do everything all at once?
- What are the benefits of setting realistic goals and breaking them into specific time lines?
- Why is smart delegation important to prevent overwhelm?
- How can you achieve productivity and real results?
- Why is it important to analyze both, what’s working and what’s not working?
- How does rewarding yourself sustain motivation and enthusiasm for your work?
- Why is there a need for continuous learning when running a business?
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/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 over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
Facebook - https://www.facebook.com/UKAnnetteFerguson/
Instagram - https://www.instagram.com/annetteandco_/
YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
Listen 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
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