In this episode, Ed Nell and business coach Amanda Moore dive into the vital topic of financial management for small business growth. Amanda shares her expertise on managing business finances, from understanding turnover and profit margins to creating a financial roadmap for growth. The episode also covers the importance of tracking key financial metrics, handling cash flow, and considering funding options. Amanda offers practical steps to tackle overwhelm and ensure a clear path to financial stability.

Key Takeaways

Understanding Your Numbers: Amanda explains the importance of knowing your turnover, costs, and profit margins to assess your financial position and plan for growth.

Financial Roadmap: By comparing current revenue and costs, businesses can create a roadmap to reach their financial goals, setting clear targets for growth and understanding the necessary activities to achieve them.

Cash Flow Management: Amanda highlights the common challenges of cash flow, offering strategies to address them, including looking for quick wins and assessing marketing activities’ return on investment.

Debt and Funding Considerations: She discusses how business owners should approach funding, whether loans are appropriate, and the importance of stabilising cash flow before seeking external financial help.

Overcoming Overwhelm: For business owners feeling overwhelmed by their finances, Amanda suggests taking a step back, seeking help, and breaking down the numbers into manageable pieces to regain control.

Best Moments

"You can’t manage what you don’t measure—knowing your turnover, costs, and profit is key to business growth."

"Create a financial roadmap just like you’d plan a journey—know where you want to go, and map out the route to get there."

"Overwhelm is the enemy of productivity—take a step back, seek help, and tackle each issue one by one."

"Marketing activity and customer follow-ups are just as important as the numbers—if your marketing isn’t bringing in business, it’s time to reassess."

About Amanda Moore

Amanda Moore is a business coach and marketing expert helping B2B and B2C businesses in the West Midlands achieve sustainable success. With a strong background in marketing, she specialises in using LinkedIn as a powerful lead-generation tool, enabling businesses to connect with new prospects and close more sales. Having worked closely with Entrepreneurs Circle, Amanda has seen first-hand how strategic marketing can transform businesses. She is passionate about helping entrepreneurs grow their networks, generate high-quality leads, and build profitable, scalable businesses.

Connect with Amanda

Facebook: https://www.facebook.com/ourloveforbusiness/?locale=en_GB

Instagram: https://www.instagram.com/ourloveforbusiness?igsh=YnpkMG1heXprM2k0

Email: amanda@ourloveforbusiness.co.uk

Hosted on Acast. See acast.com/privacy for more information.

In this episode, Ed Nell and business coach Amanda Moore explore the concept of work-life harmony. Amanda shares insights on how business owners often struggle with balancing their professional and personal lives, revealing the common pitfalls and challenges they face. With practical tips on managing time, creating good habits, and letting go of tasks, Amanda helps listeners understand how to move from burnout to a sustainable, thriving business that allows for personal fulfilment as well.

Key Takeaways

Work-Life Harmony Over Balance: Amanda explains that the key is not striving for perfect balance but for harmony—where both work and personal life coexist successfully.

The Importance of Good Habits: Building good habits from the start is essential for long-term success. This includes managing time effectively and understanding that business growth requires investment in both time and money.

Mindset and Numbers Matter: A business owner’s mindset plays a big role in overcoming burnout. Amanda also stresses the importance of understanding financials—planning for the future and ensuring the business remains profitable.

Diary Management: To avoid burnout, Amanda recommends scheduling personal and family time in the diary, as well as professional tasks, to see where time is being spent and ensure well-being is prioritised.

Breaking Free from the "Doing" Trap: Amanda discusses the common issue of business owners becoming trapped in "the doing"—the daily tasks that stop them from leading and growing the business.

Best Moments

“When you start a business, it’s easy to fall into the trap of thinking you have to do everything yourself. But eventually, you need help to grow.”

“It’s not about filling up your diary to the brim—it’s about balancing work with time for yourself and your family.”

“Mindset is key in overcoming burnout. It’s all about shifting your perspective and giving yourself permission to take a step back.”

“You can’t be the one doing everything if you want to lead your business. You have to learn how to let go and trust others to handle the day-to-day.”

About Amanda Moore

Amanda Moore is a business coach and marketing expert helping B2B and B2C businesses in the West Midlands achieve sustainable success. With a strong background in marketing, she specialises in using LinkedIn as a powerful lead-generation tool, enabling businesses to connect with new prospects and close more sales. Having worked closely with Entrepreneurs Circle, Amanda has seen first-hand how strategic marketing can transform businesses. She is passionate about helping entrepreneurs grow their networks, generate high-quality leads, and build profitable, scalable businesses.

Connect with Amanda

Facebook: https://www.facebook.com/ourloveforbusiness/?locale=en_GB

Instagram: https://www.instagram.com/ourloveforbusiness?igsh=YnpkMG1heXprM2k0

Email: amanda@ourloveforbusiness.co.uk

Hosted on Acast. See acast.com/privacy for more information.

In this episode, Ed Nell and Amanda Moore, a business coach with a wealth of experience, dive into the practicalities of working with a coach. Amanda explains the process of the first session with a new client, which begins with a discovery chat, allowing her to understand their pain points. She shares how she uses tools like the "Wheel of Fortune" and a 12-month lookback exercise to assess where clients stand in various aspects of their lives and business. This episode gives valuable insight into how coaching can help identify issues, set actionable goals, and enhance both personal and business growth.

Key Takeaways

Starting with Discovery: The first session focuses on understanding a client’s business and personal challenges through a discovery chat, setting the foundation for a tailored coaching plan.

Unloading and Reflection: The first 10 minutes of each session allow clients to offload their concerns, building trust and creating a space for open conversation before diving into action points.

The Wheel of Fortune: Amanda uses this tool to evaluate a client’s current situation in various areas of their life and business, identifying areas for improvement and setting goals.

12-Month Lookback: Reflecting on the past 12 months allows clients to acknowledge their successes and learn from past mistakes, forming the basis for future growth.

Coaching for Startups and Beyond: Amanda specialises in coaching for startups and medium-sized businesses, focusing on growth, improving processes, and helping clients achieve a healthy work-life balance.

Best Moments

“The first session is all about trust. Clients should feel they can share anything with me, and we build from there.”

“It’s not about me telling you what to do—it’s about helping you figure out where you are and where you want to go.”

“The 12-month lookback is a powerful tool—it helps clients recognise their achievements and how to move forward more effectively.”

“Coaching isn’t about being told what to do—it’s about a partnership, with me supporting and guiding you towards your goals.”

About Amanda Moore

Amanda Moore is a business coach and marketing expert helping B2B and B2C businesses in the West Midlands achieve sustainable success. With a strong background in marketing, she specialises in using LinkedIn as a powerful lead-generation tool, enabling businesses to connect with new prospects and close more sales. Having worked closely with Entrepreneurs Circle, Amanda has seen first-hand how strategic marketing can transform businesses. She is passionate about helping entrepreneurs grow their networks, generate high-quality leads, and build profitable, scalable businesses.

Connect with Amanda

Facebook: https://www.facebook.com/ourloveforbusiness/?locale=en_GB

Instagram: https://www.instagram.com/ourloveforbusiness?igsh=YnpkMG1heXprM2k0

Email: amanda@ourloveforbusiness.co.uk

Hosted on Acast. See acast.com/privacy for more information.