Business Unboxed

This episode explores some different areas of Finance and Accounting and whether or not I believe AI will fully take them over or just aid Finance and Accounting teams.

We have seen a huge increase in the use of AI over the past 10 years and so looking 10-20 years in the future what will the Finance and Accounting side of Business look like? Listen to hear my take on it!

In this episode of Business Unboxed, we finish our three-part series on Business Budgeting.

Part three covers Forecasting, Sensitivity Analysis, Reporting and Dashboards, which are all covered from a high level.

If you wish to learn more about any of these topics let me know and I can plan to do a full episode, otherwise, there should be plenty of resources online on YouTube or google that can show you examples and more information so you can get started implementing these into your business routine.

Thanks for listening

This is a follow on episode from the Introduction to Business Budgeting pt 1 , so if you havent listened to that one first I suggest you go and listen to that then come back and listen to this one, where we go more indepth to the different types of budgets, what the advantages and disadvantages are and when you might use them.

This is part one of a three-part series on how you can master your business budgeting. This episode is an introduction to business budgeting which covers, the importance of creating a budget and how budgets aren't just this annual financial task but that they form part of your business performance strategy and are important if you want your business to succeed. We also cover internal and external factors that should be considered when creating a budget and a high-level look at the different types of budgets.

Thank you for listening, I hope you have learnt something from this episode!

Part 2 coming 17th March!

Welcome to another episode of Business Unboxed. This episode discusses the different options of what a 4-day work week could look like, whether or not the results of the 4-day work week are positive, and whether or not I think the 4-day work week is something you should be prepared to see in the future as the new standard working week and everyone can ditch the 5 day, 40-hour standard week.

I hope you enjoy this episode, please let me know by answering the poll if you are listening on Spotify as to whether or not you have experienced a 4 day work week and enjoyed it.

In this episode of Business Unboxed, we delve into the world of integrated reporting, a strategic approach that goes beyond traditional financial reporting to provide a comprehensive view of an organization's value-creation process. Join us as we unravel the concept of integrated reporting and explore the six capitals that play a pivotal role in this framework.

These capitals, namely financial, manufactured, intellectual, human, social and relationship, and natural, collectively represent the resources and relationships that organizations rely on to thrive in today's complex business landscape.

Discover how integrated reporting fosters transparency, accountability, and sustainability by considering not just financial capital, but also the environmental, social, and human aspects of business.

Thanks for listening!

Today, I wanted to cover the very important topic of bottlenecks! Something that almost every business owner will be dealing with. In this episode, I cover what a bottleneck is, why we need to keep an eye out for them, and how we can go about fixing them. No one wants their team to deal with unnecessary stress or fall behind and start not meeting deadlines, if you want to help your team; get the notepad ready for some helpful tips on breaking the bottleneck.

Welcome back to the podcast! This is the first episode of 2024 and from the new podcast Business Unboxed.

Whether you want to improve efficiency, find a problem in your business, or want to better understand what is going on... process flows are for you! They are a great way to visualise what is happening in a certain process, helping you change and make better decisions to help your business succeed.

In this episode, we provide essential insights into the world of invoicing and debt collection, focusing on optimizing your cash flow and ensuring timely payments. Before onboarding new customers, we emphasize the importance of conducting background checks and contacting reference companies to establish their credibility.

Our discussion revolves around creating clear and concise invoices, including payment terms, due dates, and comprehensive details of the transaction. Emphasizing the significance of prompt invoicing, we highlight the ideal timing of sending invoices within five working days of the month-end. Additionally, we stress the need for accurate contact information, such as email addresses and phone numbers, to facilitate effective communication.

When a payment deadline passes without payment, we outline the necessary steps for effective debt collection. This involves sending reminder notices and actively addressing any issues or obstacles that may have hindered payment. We also explore the importance of following up with debtors through phone calls and emails, ensuring the receipt of invoices and identifying any potential errors or delays in the payment process.

If all attempts to secure payment prove futile, we discuss the appropriate actions to take, including informing debtors of the potential legal consequences of non-payment. Moreover, we touch on the option of engaging professional debt collection services or working collaboratively with debtors to establish feasible payment plans.

Join us for this insightful episode to gain practical tips and best practices for streamlining your invoicing processes and navigating the complexities of debt collection, ultimately ensuring a healthy and steady cash flow for your business.

#Episode 8

Embarking on the entrepreneurial path? Join us in this episode as we unveil the ten vital things you must know when starting a business. From market research and financial management to legal requirements and marketing strategies, we've got you covered. We discuss the importance of a business plan, securing funding, building customer relationships, and fostering a strong team. Stay ahead of the curve with continuous learning and adaptability. Tune in and gain essential insights for a successful business launch.

Link to Phoenix Rogue if you need branding and packaging design

https://www.phoenixrogue.com

Thanks for listening to the Better Business Podcast by Core Management Consulting