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The Ultimate KPI Workshop: How 7-Figure Business Owners Can Cut Through Data Noise to Drive Profit
Stop drowning in meaningless metrics and discover the one KPI that truly matters for your business profitability As a 7-figure business owner, you're likely drowning in data. Your management accounts are thick with numbers, your finance manager sends you weekly reports, and your bookkeeping system generates beautiful dashboards with the click of a button. But here's the problem: most of this data is noise, not signal. The biggest challenge facing successful business owners to
Simon Hancott
3 days ago4 min read


How One Tax Rule Could Save Your Group Companies Thousands: Understanding SSE
Why every 7-figure business owner with multiple companies needs to understand Substantial Shareholding Exemption before it's too late When you're running multiple 7-figure businesses, the complexity of your financial structure can either be your biggest asset or your most expensive mistake. A recent client conversation perfectly illustrates this point – a business owner was about to face an unexpected tax bill of thousands simply because nobody had explained one crucial tax r
Simon Hancott
Feb 236 min read


How NOT to Run Your Finance Function: 8 Ways to Destroy Your 7-Figure Business
Using Charlie Munger's inversion principle to identify finance function failures that could be costing your business millions When you're running a multi-million pound business, it's easy to get caught up in what you should be doing with your finances. But what if we flipped the script entirely? The late Charlie Munger, Warren Buffett's legendary business partner at Berkshire Hathaway, had a powerful philosophy: "Always invert." Instead of asking what makes something succes
Simon Hancott
Feb 195 min read


The Tax Relief 99.9% of Business Owners Are Missing (And How to Claim Up to 4 Years Backdated)
If you've ever personally borrowed money to fund your limited company—whether through remortgaging your home, taking out personal loans, or using credit facilities—you could be missing out on significant tax relief that's been available all along. This overlooked opportunity is so common that even experienced finance professionals have missed it, yet it represents one of the most substantial tax savings available to business owners. The reality is stark: the majority of 7-fig
Simon Hancott
Feb 96 min read


5 Game-Changing Ways to Use AI in Your Business (Plus One Bonus Tip)
As a finance director and founder of Profit Cash Growth, I've been aggressively adopting AI across our business operations. While most people use ChatGPT for basic tasks like drafting emails, the real value comes from thinking outside the box and applying AI to solve complex business challenges. After implementing AI across multiple areas of our business, I've discovered that the biggest challenge isn't the technology itself—it's having the creativity to understand what it ca
Simon Hancott
Jan 296 min read


How Can I Get Customers to Pay Invoices Faster? 7 Tech Solutions to Remove Payment Friction
If you're wondering how to get customers to pay invoices faster, the answer isn't just better credit control – it's removing payment friction. Most businesses operate with a single payment method, and when that method isn't convenient for your customer, it creates a barrier that leads to delayed payments. The solution? Give your customers multiple frictionless ways to pay you, and watch your cash flow improve almost immediately. As 7-figure business owners, you're likely mana
Simon Hancott
Jan 228 min read


5 Critical Financial Questions Every 7-Figure Business Owner Must Answer
Running a 7-figure business comes with unique financial challenges that many entrepreneurs aren't prepared for. From managing cash flow during rapid growth phases to knowing when to bring in professional financial expertise, the decisions you make today will determine whether your business thrives or merely survives. In this comprehensive guide, we'll tackle the five most pressing financial questions that successful business owners face, providing actionable insights that can
Simon Hancott
Jan 125 min read


The Guide to Building a Recruitment Process That Actually Works
Finding the right talent for your business can make the difference between stagnation and explosive business growth. After recently completing a successful recruitment process for a senior role at Profit Cash Growth, I've refined our approach into a three-step system that has dramatically improved our hiring success rate. What made this recruitment different was treating it like a proper strategic process rather than just posting a job and hoping for the best. By incorporatin
Simon Hancott
Jan 55 min read


Do I Really Need to Verify My Director ID With Companies House (And What Happens If I Don't)?
If you're being bombarded with Companies House director ID verification emails and wondering whether this is urgent, here's what you need to know: Yes, it's legally required—but no, you probably haven't missed your deadline yet. The law took effect on 18th November 2025, but you have up to 12 months from that date to comply, with your specific deadline tied to when your company's confirmation statement is next due. Most importantly, this is completely free to do yourself —des
Simon Hancott
Dec 17, 20258 min read


How to Set KPIs That Actually Drive Business Growth (And Avoid Costly Mistakes)
Setting the wrong KPIs can destroy your business faster than having none at all. Here's how to get it right. As a business owner, you've probably been told countless times that you need Key Performance Indicators (KPIs) to drive growth. But here's the uncomfortable truth: most KPIs are not only useless, they're actively harmful to your business. Whether you're working with a Finance Director, Finance Manager, or Proactive Accountant, the KPIs you set will determine whether yo
Simon Hancott
Dec 4, 20254 min read


How Will the UK Budget Impact My Business and What Should I Do About It?
If you're a business owner wondering how the latest UK budget affects your business finances, you're not alone. The short answer? This budget aggressively targets personal wealth while making business ownership less attractive—but your limited company remains the most tax-efficient vehicle for wealth creation, if you structure it correctly and plan for an exit rather than just income. After analysing every line of the Chancellor's announcement, we've identified seven critica
Simon Hancott
Nov 26, 20257 min read


Does My Business Need a CFO or Financial Controller?
If you're running a 7-figure business and wondering whether to hire a CFO or financial controller, here's the straight answer: most businesses under £5-10 million don't need a full CFO yet. What they desperately need is a financial controller to fix their broken finance function first. This isn't about titles or ego. It's about getting your financial house in order so you can actually make the strategic decisions that drive profit and business growth. The Problem Most 7-Figur
Simon Hancott
Nov 20, 20256 min read


Can My Business Pay for Travel and Holidays Without Creating Tax Problems?
If you're running a 7-figure business, you've probably wondered whether you can legitimately put travel expenses through your company—especially when that travel includes elements that feel personal. The answer isn't a simple yes or no. Your business can pay for travel, but whether it's tax-efficient depends on three critical factors: whether the expense is "wholly and exclusively" for business purposes, whether there's "duality of purpose" (mixing business with personal bene
Claire Hancott
Nov 13, 202511 min read


How Do I Prepare My Business for an Economic Downturn?
If you're running a seven-figure business and wondering how to protect your company from economic uncertainty, the answer lies in understanding one critical number: your margin of safety. This is the amount your sales can drop before you start experiencing profit or cash flow pain, and knowing this figure now—before trouble hits—could be the difference between weathering a storm and making panicked decisions under pressure. The reality is stark: when economic indicators point
Claire Hancott
Nov 5, 20255 min read


What Tax Implications Should I Know Before Creating a Group Structure?
If you're a 7-figure business owner considering acquiring another business, opening additional locations, or inheriting a company, you're about to enter group structure territory—and the hidden tax implications could cost you £50,000+ annually if you're not prepared. Here's what you need to know : Once you own multiple connected companies, you lose access to critical tax reliefs that smaller businesses take for granted—business rate relief, the employment allowance, VAT flat
Claire Hancott
Oct 29, 20259 min read
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