300 episodes

Financial and Lifestyle Freedom for UK Business Owners

Profit First Professional, Chartered Accountant and Small Business Growth Strategist, Annette Ferguson, teaches UK small business owners and entrepreneurs how to achieve both the financial and lifestyle freedom they crave.

Tune in weekly to learn money hacks and business tactics so you can build a dream team, serve your clients better, and ultimately take home more money.

Annette and her guests give no-nonsense finance strategies and profit-increasing tips.

Subscribe today to maximise your profit, find the hidden wealth in your business, and achieve financial and lifestyle freedom through the business that you have!

Financial and Lifestyle Freedom for UK Business Owners Annette Ferguson

    • Business
    • 4.7 • 7 Ratings

Financial and Lifestyle Freedom for UK Business Owners

Profit First Professional, Chartered Accountant and Small Business Growth Strategist, Annette Ferguson, teaches UK small business owners and entrepreneurs how to achieve both the financial and lifestyle freedom they crave.

Tune in weekly to learn money hacks and business tactics so you can build a dream team, serve your clients better, and ultimately take home more money.

Annette and her guests give no-nonsense finance strategies and profit-increasing tips.

Subscribe today to maximise your profit, find the hidden wealth in your business, and achieve financial and lifestyle freedom through the business that you have!

    How to Retain More Clients by Understanding Your Churn

    How to Retain More Clients by Understanding Your Churn

    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 podcast@annetteandco.co.uk 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

    • 7 min
    My Morning Routine

    My Morning Routine

    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 podcast@annetteandco.co.uk 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

    • 8 min
    How to Understand if Trade Debtors Are Damaging Your Business

    How to Understand if Trade Debtors Are Damaging Your Business

    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 plans

    Resources:
    If you’re struggling to understand the accounting for your business, reach out to Annette at podcast@annetteandco.co.uk 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

    • 8 min
    My favourite motto

    My favourite motto

    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 podcast@annetteandco.co.uk 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

    • 9 min
    Become Obsessed With Eliminating Bottlenecks in Your Business. Hint: That Might Be You

    Become Obsessed With Eliminating Bottlenecks in Your Business. Hint: That Might Be You

    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 podcast@annetteandco.co.uk 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

    • 7 min
    Pricing and the cost of living crisis

    Pricing and the cost of living crisis

    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 podcast@annetteandco.co.uk 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

    • 18 min

Customer Reviews

4.7 out of 5
7 Ratings

7 Ratings

Sus Renee Aberdeen ,

Great podcast for business owners

Been following Annette on FB during the Covid19 crisis and she has been a great source of information and inspiration. Found this podcast via there - great to listen to on my morning runs.

ADuncan01 ,

Great

Great for online entrepreneurs

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