The Business Hub Podcast Archive
<< Back to this weeks Business Hub podcast
The Business Hub is a weekly radio show broadcast on Star Radio Cambridge each Sunday morning from 9-10 am covering topical business issues to help anyone in business succeed. It is also available online and for download at www.thebusinesshub.fm
Insight Associates are the main show sponsor and also sponsor a feature on ‘helping businesses to better manage their money’ with Garry Mumford giving an interview each week on all aspects of money management for business.
The Business Hub Show - 13 May 2012
Small Businesses are the Solution
It seems that growth is eluding our country at the moment, and also many businesses. Just a couple of weeks ago we were told we were back in recession – in a double dip! The media went wild with stories of doom and gloom, and made an excellent job of making us all feel bad again.
The Business Hub Show - 6 May 2012
Fixed and Current Assets - Part 2
Last week we discussed the first part of Fixed and Current Assets, looking at how Fixed Assets work in the Balance Sheet and how their cost is depreciated over time as they are used to produce your product or service.
This week, in the second part of this topic I am going to look at Current Assets.
The Business Hub Show - 29 April 2012
Fixed and Current Assets - Part 1
A few weeks back we had a small accounting lesson, when we talked about matching your costs to the period of time that your accounts referred to. Today, I thought perhaps we would look at another area of accounting which often confuses business owners and managers – Fixed Assets and Current Assets.
The Business Hub Show - 22 April 2012
Shareholders Agreements
When you are planning and building your business, it is often the case that very little thought is given to what happens if it all goes wrong. Quite rightly you are feeling positive and focussed on the success of your venture and not thinking about the downsides too much.
If the business is only you, or you are the sole owner, or maybe just you and your spouse, then you are in total control. Any decisions are yours, and the consequences are yours too. But what happens when you introduce other people, other shareholders, perhaps investors. Maybe you have gone into business with other partners and you have split the shareholding between you so you each own a part of the business. Now you are reliant on agreement to move things on.
The Business Hub Show - 15 April 2012
Is Your Information Correct?
A couple of weeks back we discussed year ends, and I mentioned that you should never really be in a situation where the figures in your Annual Financial Statements, produced perhaps by your external Accountant, are different from that shown in your Management Accounts.
It is critically important that the information you are working with week by week, month by month within your business, the very information that you make vital management decisions from, is always accurate, as well as timely and relevant. The impact of incorrect information can be catastrophic, so getting it right is key.
The Business Hub Show - 8 April 2012
The Impact of Fraud
A recent headline caught my eye “UK fraud hits record high in 2011” and this got me thinking.
The headline was about a recent report from Accountants KPMG about the state of Fraud in the UK. Apparently the total bill in 2011 was a record £3.5bn, over 70% of which was in the second half of the year, suggesting perhaps that the problem is growing.
The Business Hub Show - 1 April 2012
Year Ends And All That...
We are at that time of year when thoughts turn to year ends, as many businesses have 31st March as their end of year, and of course the end of the tax year is 5th April.
This tends to create a great flurry of activity, but I would argue that in most cases the year end should not be a big thing. Yes there will always be a few additional things to do once a year, but in the main if your business is well run and your systems and processes are providing the information you need to run your business effectively, then a year end is just another month!
The Business Hub Show - 25 March 2012
Budget 2012 - An Interview With Nick Paterno
On this weeks show Garry Mumford talks with Nick Paterno of McBrides Accountants about the budget and discusses the salient points that will affect the business community.
We also have a full 20 page budget report available for you to download and read at your leisure!
The Business Hub Show - 18 March 2012
Finding Cash In Your Business
We constantly come back to cash in the topics we discuss, but it is something which simply cannot be given enough attention.
We have covered how to control your cash and collecting your debts in some detail, but today I thought we would take a look at finding cash in your business. Yes, finding cash, because I would be very surprised if it was not there to be found.
The Business Hub Show - 11 March 2012
Collecting Your Debts Again
I have been asked to cover collecting your debts again this morning, something which we have covered a number of times before but is clearly a critical area for any business. Despite it being so important it is interesting how many businesses ignore this area until it becomes a problem …and they start running out of cash.
The Business Hub Show - 4 March 2012
Margins, Mark-ups and Profits
On this weeks show Garry Mumford describes the differences between gross profit, net profit and mark-up.
This is actually a very important area, and perhaps surprisingly one which very many business owners and managers do get wrong and rather muddled.
The Business Hub Show - 26 February 2012
Different Types of Costs
In this weeks Business Hub show Garry Mumford explains about the different costs within a business and how and why they are grouped differently.
The Business Hub Show - 19 February 2012
Infancy to Maturity
Garry Mumford discusses the different phases within a businesses life and how to facilitate the transition through Infancy, Adolescence and Maturity.
The Business Hub Show - 12 February 2012
Your Finance Diary
Over the past weeks and months Garry Mumford has discussed ways to improve the money management in your business. On this weeks show he simplifies the process further by providing a diarised checklist of things you can implement in your business.
The Business Hub Show - 5 February 2012
Do Your Accounts Match?
I thought this week we would have a small accounting lesson! The reason being that something which we see time and time again could potentially create huge problems for business as there is a lack of understanding of key principles when looking at financial information.
It is not uncommon for a business owner to quickly run a Profit and Loss report from their accounting system, Sage or whatever it may be, and totally believe everything they see. Little regard is given to whether the information is complete, accurate, processed correctly and even if the parameters to run the report have been input correctly. In fact we have been involved with businesses that have nearly failed because the reports being used by management were wrong.
The Business Hub Show - 29 January 2012
Get Fit For Business 2012
We discussed a couple of weeks back what 2012 might bring and how probably the only way forward would be through the mind-set of smaller businesses. I firmly believe that it is for the smaller business sector to get on and develop if we are going to get out of the doldrums.
And the doldrums it is. A recent Baker Tilly report suggests that over a quarter of SME’s last year saw a profit drop of over 50%, and that business optimism is going down. 2012 is going to be tough, with reports now showing that we are already effectively back in recession.
So, smaller businesses need to be fit if they are to survive and even better thrive in this climate. These then are my seven top tips for getting fit in 2012:
The Business Hub Show - 15 January 2012
Auto Enrolment Pensions
Just this last week we ran a breakfast seminar in Bishops Stortford looking at the new auto-enrolment pension obligations that will impact all employers over the next few years. It seems from the reaction to the event, which nearly 70 people attended, that there is huge ignorance in the business community about this area and the impact it will have.
So we thought we would cover this in a bit of detail this morning and I am joined today by Paul Beasley who is the Managing Director of Richmond House Group (RHG) IFA’s who we ran the seminar with this week to discuss a bit more about the whole area.
The Business Hub Show - 15 January 2012
A Place to Call Home - Business Premises
After the costs associated with employees, business premises are often one of the next big elements of expenditure for many businesses.
In selecting premises for your business and getting the cost structure right there are a huge number of factors to consider and take into account. It is actually a very complex decision, and one that merits very regular review.
The Business Hub Show - 8 January 2012
10 Things that should be on your Invoice
This week on The Business Hub we reviewed some of the 'best of' moments from 2011. This item, first broadcast on 14th August 2011, was chosen as something that was useful and appropriate to all businesses all year round!
"A sale isn't a sale until the money is in the bank so in this weeks show Garry tells us what information you should have on your invoice to make sure this happens."
The Business Hub Show - 1 January 2012
How Might 2012 Look?
Here we are at the beginning of another year, so it seems appropriate to look forward and take stock of where we are.
We live in very turbulent times, with many external factors all impacting our businesses one way or another. The continuing global issues in the Eurozone and other large economies, the potential for many more business and even country failures. The changing balance of power to the new growing economies of Brazil, Russia, India and China (the BRIC countries - it is estimated that the BRIC economies will overtake G7 economies by 2027).
The Business Hub Show - 18 December 2011
Thinking About Outsourcing
The word outsourcing I have noticed has come up a number of times in recent Business Hub shows, and so I thought it was maybe worth spending a little time this morning to explore some of the benefits of considering this in your business strategy.
The Business Hub Show - 11 December 2011
Top Tips for Credit Management
I make no apologies for coming back to the subject of collecting your debts again, as it is key to the long term survival of your business.
In past weeks we have talked about a sale not being a sale until the cash is in the bank, and the risks of giving credit and how to manage those risks. Today, I thought we would run through a list of things to consider when dealing with the money you are owed.
The Business Hub Show - 4 December 2011
Autumn Statement Interview with Nick Paterno
In this week show Garry Mumford and Nick Paterno of McBrides discuss the Chancellor George Osborne’s Autumn Statement and how this impacts small businesses.
The Business Hub Show - 27 November 2011
Inviting the Taxman to Christmas
With only a short while now until Christmas, many businesses may be busy planning parties or gifts for their employees. At the risk of a big “bah humbug”, it is probably just worth considering for a moment the tax implications of these costs.
The Business Hub Show - 20 November 2011
Looking Forward Not Back
I saw a great quote recently from Tom Clancy, the author “"Fix your eyes forward on what you can do, not back on what you cannot change”. It got me thinking.
Item 1 to 25 of 64 [1 | 2 | 3 | Next]
Events: Bishop's Stortford Breakfast Club
8.00 am: second Wednesday of every month
BISHOP'S STORTFORD BREAKFAST CLUB
Join us at this informal networking group for business people in and around the Bishop's Stortford area.
Sign up to Kitty's Nine Lives
Essential FREE business money management tips. We just need your details...
News Insight - What's happening here?
What's all the Hubbub About?
15 March 2011
We recently launched a new segment on a local radio program called 'Helping Businesses Better Manage Their Money'. Our feature airs each week as part of The Business Hub which is sponsored by Insight Associates. The 'hubs' concept is to 'Help Anyone in Business Succeed' and it's the first of its kind in the UK.