Harnessing Rebates for Profit: Your Business Growth Secret
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Welcome to this insightful episode of the Profit Cash Growth Podcast, your guide to scaling your business. This episode is co-hosted by Claire Hancock, a financial director, chartered accountant and entrepreneur, who shares weekly wisdom targeted at augmenting your cash flow, magnifying your profits, and growing your business.
The spotlight of this episode is on an urgent issue that affects one million 16 to 24-year-olds in the UK who are neither in full-time education nor employment - the NEETs. We analyse the disparity between workforce demand and this untapped talent, discussing the reasons for these youngsters' employment struggles.
In our analysis, we discuss factors such as rising mental health difficulties affecting young people, reflecting on the societal norms contributing to these issues. From an employers' standpoint, we emphasise the importance of understanding this generation's dynamics and highlight the need for adjustments in the hiring process to attract them.
This week's deep dive extends to business rebates. The concept of rebates in improving customer spending, strategic business growth, and outperforming the competition is elaborated on. The strategies for implementing rebates and the significance of establishing growth-oriented rebates over customer-retention ones are presented.
In profit cash growth extra we articulate top tips for dealing with HMRC and the concept of the agents' helpline. Lastly, we remind business owners to ensure their accounting partners are acting as their agents for maximum efficiency.
Join us in this episode to expand your knowledge horizons and grow not only your business but also your understanding of the untapped youthful potential!
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Contact Us For Your Complimentary Business Finance Review!
A few people have asked me what they can expect from this: I will review your business and accounts and provide you feedback on where I think you have opportunities to improve your profits, cash flow or to grow. You can expect insights such as areas to increase your gross margin, identify your customer acquisition costs, and what could happen to your cash flow when your business grows. Contact claire@profitcashgrowth.com39 episodi