The boring sh!t in business Podcast with Amy Bajada AmyBajada

Ahh debt … can’t live with it, can’t live without it. Especially when it comes to running a small business.

Understanding and effectively managing business debt is such an important component of a small business journey for growth and success. While the term ”debt” may often carry a negative connotation, I always say, it’s not debt that’s the problem, but rather the management of it.

When managed strategically, it can serve as a powerful tool for expanding operations, investing in opportunities, and ultimately moving your business forward. With cash flow focus greater than ever, I wanted to take this opportunity to explore the different types of business debt, discuss how it can be used for growth, and highlight the importance of strict debt management. I’ll even throw in five key strategies that you can implement now to effectively navigate and optimise your business debt.

Take a listen. A x

For small business owners, the holiday season can be a time of celebration and relaxation, but it can also bring about unique financial challenges.

Commonly referred to as the ”silly season,” the period encompassing Christmas and New Year’s can disrupt the regular flow of business operations. Offices close, clients go on leave, and the recovery of debtors can slow down significantly. This can have a substantial impact on a small business’s financial stability, making it critical for business owners to be well-prepared.

In this episode, lets discuss and explore the various financial aspects of the silly season and provide key strategies to help navigate this challenging period successfully.

Take a listen. A x

Running a small business is a juggling act at best, where you’re continually balancing various responsibilities, from managing the day-to-day operations to keeping a watchful eye on your bottom line.

Whilst all this is going on … I tend to find that often pricing strategies get overlooked, or forgotten all together. Its significance can be extremely underestimated, but the truth is, your pricing strategy is the cornerstone of your small business success.

In this episode, we will delve deep into why it is imperative to focus on your pricing strategy, particularly in the context of the ever-changing landscape of supplier costs, and how to align it with the bigger overarching financial goals of your business.

Take a listen. A x

Whilst I know most of us as business owners have heard the term Profit and Loss, or P&L or even income statement in our time (well at least I hope most of us have) … this conversation is more of a way to reignite the discussion around your P&L, to give it a little more life that perhaps it’s been given now.

You see, this conversation was spawn from the many discussions I have with business owners, who know they have one, know it’s important and all, but aren’t doing enough with it. Knowing what I know about a profit and loss statement, it would be remiss of me to not have this discussion, as I know so many are missing out on the wealth of knowledge that can be found in them.

So in this episode, we’ll explore what a profit and loss statement is, why it is indispensable for you as a small business owners, what critical elements it contains, and what invaluable insights you can derive from it.

Take a listen … A x

Break-even goes beyond being a mere buzzword in the business world; it stands as a fundamental concept that, when truly comprehended, can profoundly influence your business‘s financial success. And by ”financial success,” we mean the whole gamut – from profitability and pricing strategies to the lifeblood of your business: cash flow.

The magic of the break-even point lies in its power to transform the way you approach marketing, inventory management, time allocation, and sales strategies.

In essence, it will guide you through the financial maze of running a business, and it deserves more importance and attention than it often receives in the business world.

Ready to get serious about your break even point? … take a listen. A x

As business owners we often find ourselves embracing, what I call, the shiny objects ... you know the things I’m talking about, product development, product testing, websites, instagram grids, social media, logos ... you know all the things.

Yet when it comes to tackling the hard stuff, the real stuff ... we often find ourselves afraid. Afraid of knowing the real results, the real profits OR losses ... the real reason you may not be making money, or even that your passion, your baby may not be working.

I get the fear is real ... but what are you really afraid of? Let’s chat about this. Take a listen. A x