The Ultimate FD Podcast

Joshua Keegan
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  • Entrepreneurship
  • Updated Weekly

ULTIMATE FD PODCAST

  1. 1d ago

    EP#232 - The Ultimate Money Machine Live Training

    Welcome to the Ultimate Money Machine Live Training episode! In this, once in a lifetime, episode of the Ultimate FD Podcast, I discuss the pressing issue of Zombie Businesses - companies that are neither flourishing nor failing but stuck in a limbo. With escalating costs and market uncertainties, many businesses today struggle to remain profitable.  In this training I share my insights on transforming these companies into Ultimate Money Machines, with high margins and minimal time commitments. This proven methodology can pave the way for businesses to achieve predictable profits and a lucrative exit. This episode offers a deeper understanding of the economic challenges businesses face and the intricate role of finance in navigating these obstacles. Listeners will gain valuable insights as I introduce the Engine Framework, a strategic approach for turning any struggling business into a thriving money machine. I stress the importance of understanding market cycles, establishing non-negotiable business model rules, and devising a thorough game plan. I reveal the true impact of technology and innovative hiring practices in turbocharging business productivity and profitability.  The episode culminates in discussing the significance of knowing your numbers and planning for an exit strategy. Business owners will learn how these steps collectively enhance the value and viability of their ventures. Don't forget to register for your Free UFD Review below! Spaces are extremely limited. First come, first served.  👉🏻 REGISTER HERE FOR YOUR FREE UFD REVIEW - ONLY 5 SPACES LEFT!  https://ufdreview-jc6vpnki.manus.space/  👉🏻 DOWNLOAD A COPY OF OUR BOOK SMALL BUSINESS BIG PROFIT FOR FREE: https://ultimate-fd.webflow.io/small-business-big-profit  👉🏻 HOW FINANCIALLY FIT IS YOUR BUSINESS? Take the Ultimate FD Acid test to find out and have a bespoke report in less than 5 minutes!!! Take the test here: https://josh-dtlqxm7w.scoreapp.com/  👉🏻 DOWNLOAD THE AUDIOBOOK OF SMALL BUSINESS, BIG PROFIT HERE: https://www.audible.co.uk/pd/Small-Business-Big-Profit-Audiobook/

  2. 5d ago

    MAGIC MOMENTS: Entrepreneur's Roadmap - Building a Business Model That Stands the Test of Time

    Welcome back to another episode of Magic Moments ✨ This week, I delve into key financial strategies that promise to elevate your business's profitability and productivity. This episode is packed with seasoned wisdom aimed at business owners, entrepreneurs, and finance enthusiasts looking to drive real change in their financial landscape. I outline the distinction between performance profit, director profit, and taxable profit, emphasizing the importance of understanding each category to harness your business's true potential. Central to the discussion is the habitual assessment of your financial position - ensuring you always know where you are financially is key to steering your business towards success. The episode underscores the necessity of having a business model that evolves annually, aligning with current insights and future aspirations. I stress the importance of involving professionals for financial structuring and leveraging a feedback loop system akin to fitness tracking - implementing changes based on informed observations to enhance business health. It's never too late to start applying these financial methodologies, symbolizing a transformative journey towards fiscal prosperity. Did you enjoy this Magic Moment? Click here for the full episode.

    MAGIC MOMENTS: Entrepreneur's Roadmap - Building a Business Model That Stands the Test of Time

  3. Jul 12

    #231 - MONEY MASTERCLASS: The 5 Ways to Get Paid

    In this episode of The Ultimate FD Podcast, I explore the multifaceted ways business owners and entrepreneurs can strategically pay themselves and transfer money within their company structures. Designed for those serious about entrepreneurship and financial growth, I delve into 5 primary methods of extracting profits from businesses as well as strategies for managing finances within a group of companies.  This episode is essential listening for entrepreneurs looking to optimize their financial structures and reduce risks while maintaining tax efficiency. I explore the 5 principal ways individuals can draw money from their businesses:  The importance of PAYE (Pay As You Earn) Dividends Cautious with Loans  Invoicing, and finally, Expense optimisation Each method is dissected for its pros and cons, emphasizing tax implications and personal preferences. I extend into the nuances of handling inter-company finances, especially for businesses with a group structure involving a holding company and various subsidiaries.  👉🏻 REGISTER HERE FOR THE ULTIMATE MONEY MACHINE FREE LIVE WEBINAR: https://ultimatefd-43fnjw9x.manus.space/#register  👉🏻 DOWNLOAD A COPY OF OUR BOOK SMALL BUSINESS BIG PROFIT FOR FREE: https://ultimate-fd.webflow.io/small-business-big-profit  👉🏻 HOW FINANCIALLY FIT IS YOUR BUSINESS? Take the Ultimate FD Acid test to find out and have a bespoke report in less than 5 minutes!!! Take the test here: https://josh-dtlqxm7w.scoreapp.com/  👉🏻 DOWNLOAD THE AUDIOBOOK OF SMALL BUSINESS, BIG PROFIT HERE: https://www.audible.co.uk/pd/Small-Business-Big-Profit-Audiobook/

    #231 - MONEY MASTERCLASS: The 5 Ways to Get Paid

  4. Jul 8

    MAGIC MOMENTS: Avoiding Zombie Businesses and Profit Sacrifice

    Welcome back to another episode of Magic Moments ✨ In this episode I delve into pivotal business strategies that aim to fundamentally shift an entrepreneur's mindset towards enhancing both personal and professional wealth. I focus on avoiding the creation of "zombie businesses" - companies that stagnate or merely survive in competitive markets. I offer crucial insights on how to identify and steer away from these pitfalls through intelligent business strategies. I explore the detrimental effects of "swimming upstream" in business, where entrepreneurs make the mistake of entering saturated or declining markets, which can severely impede growth. I discuss the importance of aligning with market trends and opting for niche markets to set one's business on the path of success. I give real-world examples, riding the "crest of a wave" in a growing industry, such as AI, can facilitate unchallenged scalability, contrasting significantly with the uphill battles faced in oversaturated industries like traditional restaurants or video rentals. I highlight another common mistake: sacrificing profit for growth and how a single-minded focus on increasing revenue at the expense of profit margins can undermine business sustainability. I urge entrepreneurs to establish clear, unyielding business rules around minimum price points, gross margins, overhead expenses, and the ultimate size of the business. Such foundational strategies can prevent the creation of businesses that might achieve high sales yet fail to be genuinely profitable. Did you enjoy this Magic Moment? Click here for the full episode.

    MAGIC MOMENTS: Avoiding Zombie Businesses and Profit Sacrifice

  5. Jul 5

    #230 - Scott Proposki - Scaling to 8 Figures & Building Profitable Businesses

    In this episode of The Ultimate FD Podcast, I meet with Scott Proposki, a former National Geographic and White House event photographer who built his photography business to 8 Figures before losing it all in 2020. He now works with entrepreneurs and business owners to help them build businesses designed for profit rather than pure top line growth. Scott's journey is a stark one. He scaled a Santa Claus photography business across 10 locations in the US, employing 52 people at its peak, only to watch it collapse when live events shut down during the pandemic. Two years of lost Christmas seasons ended a business he describes as "a fantastic model", and it forced him to rebuild from scratch and rethink what actually makes a business survive. This episode covers the gap between revenue and profit, and why Scott believes most entrepreneurs are chasing the wrong number entirely. He shares his "highlighter exercise", a simple but brutally effective method of printing bank statements and colour coding every expense to spot money leaking out of the business. We also get into his framework for upsells, cross sells and downsells, including a memorable example about roofing shingles that shows how a single well placed question in a sales script can double the value of a deal. We get into joint ventures too, and how Scott grew his own business almost entirely through partnerships with people already talking to his ideal clients. He explains why he'd rather run a £250,000 business at 80% margin than a £1 million business at 10%, a line that sums up his whole approach to scaling with intention rather than ego. This is one for any entrepreneur who has ever felt like they're growing but somehow still stuck, working harder for a business that never seems to get easier to run. Scott's closing advice, know your gross and net profit margins before anything else, is worth the listen alone. 👉🏻 DOWNLOAD A COPY OF OUR BOOK SMALL BUSINESS BIG PROFIT FOR FREE: https://ultimate-fd.webflow.io/small-business-big-profit  👉🏻 HOW FINANCIALLY FIT IS YOUR BUSINESS? Take the Ultimate FD Acid test to find out and have a bespoke report in less than 5 minutes!!! Take the test here: https://josh-dtlqxm7w.scoreapp.com/  👉🏻 DOWNLOAD THE AUDIOBOOK OF SMALL BUSINESS, BIG PROFIT HERE: https://www.audible.co.uk/pd/Small-Business-Big-Profit-Audiobook/

    #230 - Scott Proposki - Scaling to 8 Figures & Building Profitable Businesses

  6. Jul 1

    MAGIC MOMENTS: How Accurate Management Accounts Changed Everything

    Welcome back to another episode of Magic Moments ✨ In this episode I am joined by financial expert Dan Madge. We discuss the critical role of financial management in high-growth businesses. Dan delves into his experiences in transforming his company's finance function to provide accurate, real-time financial insights, a process inspired by the need to make informed decisions amidst rapid expansion.  This episode is a goldmine of insights, especially for business owners aiming to sharpen their financial strategies and achieve stable growth. Dan elaborates on the challenges he faced before partnering with Ultimate FD. His reliance on internal spreadsheets for cash flow forecasting, despite being sophisticated, highlighted the necessity for a system that integrates seamlessly with real-time banking data.  With projected revenue reaching up to 35 million, the company's substantial growth necessitated a move towards more robust financial structures. Implementing accurate management accounts and aligning cash flow forecasts with actual financial data significantly enhanced their business decision-making capabilities. Did you enjoy this Magic Moment? Click here for the full episode.

    MAGIC MOMENTS: How Accurate Management Accounts Changed Everything

  7. Jun 28

    #229 - Tax Talks - The Five Tax Traps (AND WHAT TO DO ABOUT THEM)

    In this episode of The UltimateFD Podcast, I am joined by Tej Gill, a tax specialist who works with entrepreneurs across the UK, to go through five live tax traps that are hitting SME owners right now. The tax environment for UK entrepreneurs has shifted materially over the past two years, and most business owners have not fully adjusted their approach. Tej and I recorded this episode because too many people are absorbing tax hits that could have been planned around with the right advice at the right time. We work through each trap in detail. Making Tax Digital is already live for sole traders earning over £50k in revenue, with quarterly digital submissions now mandatory and the threshold dropping to £20k within two years. Dividend tax rates have crept up across all bands, and Business Asset Disposal Relief has gone from 10% to 18% since April, for anyone planning to sell a business in the next few years, the cumulative tax cost is real and worth understanding now. We also examine Substantial Shareholding Exemption, a corporate-level relief that can reduce the tax rate on a business sale to zero if the right structure is in place early enough. I share a personal example too: one proactive meeting with Tej's team saved me around 33% of my own tax bill this year, through entirely legitimate planning that I simply had not spotted until we sat down together. This episode is for entrepreneurs who are serious about protecting their profits and positioning their business for a clean exit. If your current tax strategy amounts to hoping your accountant sorts it out at year end, the practical steps Tej shares here could save you a meaningful amount of money. 👉🏻 DOWNLOAD A COPY OF OUR BOOK SMALL BUSINESS BIG PROFIT FOR FREE: https://ultimate-fd.webflow.io/small-business-big-profit  👉🏻 HOW FINANCIALLY FIT IS YOUR BUSINESS? Take the Ultimate FD Acid test to find out and have a bespoke report in less than 5 minutes!!! Take the test here: https://josh-dtlqxm7w.scoreapp.com/  👉🏻 DOWNLOAD THE AUDIOBOOK HERE: https://www.audible.co.uk/pd/Small-Business-Big-Profit-Audiobook/B0GJT8Q63B

  8. Jun 24

    MAGIC MOMENTS: The Entrepreneur's Guide to Avoiding Financial Pitfalls

    Welcome back to another episode of Magic Moments ✨ Today we delve into actionable financial strategies with Tom Woodcock, a seasoned expert in business modeling and financial planning. In this episode, discover insights that promise to turn your wealth-building strategies on their head and provide the much-needed motivation to transform your business. With financial clarity and strategic foresight provided by Ultimate FD, Tom Woodcock discusses the importance of taking initiative not just when problems arise, but also when your business is thriving. He emphasizes the value of having a clear business model in place and understanding your business metrics before you begin.  By marrying financial strategy with business goals, companies can ensure sustained growth and greater profitability. Tom explains the significance of knowing your numbers and staying disciplined with financial thresholds such as gross profits and overhead limits. These insights underscore the essence of a finance-driven business model, helping businesses avoid pitfalls and maximize efficiency and success. Did you enjoy this Magic Moment? Click here for the full episode.

    MAGIC MOMENTS: The Entrepreneur's Guide to Avoiding Financial Pitfalls
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About

ULTIMATE FD PODCAST

Information

  • Creator
    Joshua Keegan
  • Years Active
    2022 - 2026
  • Episodes
    300
  • Rating
    Explicit
  • Copyright
    © 2022
  • Show Website
    The Ultimate FD Podcast

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