How did Poland go from earning 16p for every pound a British person earned to 83p in just 25 years? And more importantly, what does that extraordinary economic transformation mean for the way you run your business? In this episode, Claire and Simon break down the eight key decisions that turned Poland into Europe's greatest economic success story, and apply each one directly to what growing businesses can learn from them.

Key Topics Covered

• The eight things Poland got right, from shock therapy and keeping its own currency to EU membership and cross-party political consensus, and the business equivalent of each
• Why ripping the band-aid off in one go is almost always better than slow, managed change that drags on for years
• The danger of tying your hands: the one-customer problem, the one-channel problem, and the debt covenant trap
• Why laying the right foundations before you grow determines whether the growth actually sticks
• Cross-departmental buy-in and why the businesses that sustain growth are the ones where every hire understands the vision
• The role fear plays in driving performance, and why comfort is the enemy of ambition

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VALUABLE RESOURCES

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ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 7 & 8 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

What would Andy Burnham's Britain actually mean for your business? In this episode, Claire and Simon run through the policies being floated under potential new leadership, from national insurance changes and business rate cuts to flat-rate inheritance tax and a radical property tax overhaul. This is a frank, commercial take on what might change, what's already been ruled out, and why the gap between GDP growth and how business owners actually feel deserves more attention than it gets.

Key Topics Covered

• Why the economy can be growing and business owners still feel like they're going backwards, and what that disconnect means
• The proposed reversal of the employer national insurance increase and whether 1.2% really moves the dial
• A 20% business rate cut for hospitality, retail, and leisure, funded by a levy on super warehouses
• Flat-rate inheritance tax at 10% for everyone, and why it's cleverer than it first looks
• Abolishing stamp duty and replacing it with an annual property tax, and who this really hurts
• Devolution of spending decisions and whether Andy's vision for the North can actually work

In PCG Extra, we discuss Spread.Finance : a Xero-connected tool that automates accruals, prepayments and deferred revenue to make management accounts more accurate. For business owners wanting clearer numbers and better cash decisions, visit https://www.spread.finance to book a demo.

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 7 & 8 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.

This week Claire breaks down a court case that sounds like a joke but has serious implications for any business that sells products or services as part of a bundle. The KFC sauce pot VAT case has opened the door for businesses across food, retail, and beyond to look again at how they are charging VAT, and possibly claim some of it back. If you run a business that bundles products or services together for one price, this episode is worth ten minutes of your time.

Key Topics Covered:

• The Queens Court Limited versus HMRC case and what it actually decided
• Why bundling products together can mean you are charging the wrong rate of VAT
• How HMRC can approve a VAT claim and then challenge a bigger one for the exact same issue
• Real examples of businesses that have found thousands of pounds in unclaimed VAT simply by having someone look properly
• Which types of businesses are most likely to be affected (hint: it is not just fast food)
• Why "no win no fee" VAT claim companies are not the answer

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 7 & 8 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.