Afleveringen
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Welcome back to another episode of Magic Moments from the UFD Podcast.
Today I want to dive into something I'm super passionate about - how to actually build wealth through your business in a smart way.
I've been in the trenches with this stuff and I want to share what I've learned about pulling value from your business while keeping it healthy and tax-efficient. Whether you're just starting out or you're already crushing it, I think you'll get a ton of value from this episode.
I'm going deep into the nitty-gritty of financial planning that actually works. The real stuff - like how to pay yourself properly through a mix of salary, dividends, and director's loans. I've learned some hard lessons about this over the years and I want to help you avoid those mistakes.
The big things I cover in this episode:
๐ฅ How to structure your income between salary, dividends, and loans (trust me, this stuff matters!)
๐ฅ Why you need to plan your finances early in the year (I learned this one the hard way)
๐ฅ Smart ways to use company perks like the company car and WFH allowances
๐ฅ How to plan for personal stuff like holidays without messing up your business finances
๐ฅ Some clever insurance strategies that can save you money through your business
I get fired up talking about this because I see so many business owners leaving money on the table or making things harder than they need to be. I break it all down in a way that actually makes sense.
So grab a coffee, maybe take some notes, and let's dive into making your business work harder for you. And if you're getting value from this, don't forget to share with other business owners who might need this info.
Let's get into it!
Did you enjoy this Magic Moment? Click here to listen to the full episode.
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In this weekโs episode, we dive into something crucial - portfolio reviews and making your investments work harder for you ๐ช๐ป
I've been in property investment for years, running Ultimate FD and building my own portfolio. Today I'm sharing my approach to maximising returns through strategic portfolio management.
Here's what I cover in this episode:
โก๏ธ I break down how to properly assess your investment properties using Return on Equity (ROE). This is absolutely key - I've seen too many investors skip this step and miss out on optimisation opportunities.
โก๏ธ I get real about the challenges we're all facing - rising maintenance costs and interest rate changes hitting our bottom lines. And let's talk about something we don't discuss enough - getting emotionally attached to properties that aren't performing. Been there, done that, learned the hard way.
โก๏ธ I walk you through my process for either repurposing underperforming properties or knowing when it's time to sell and reinvest elsewhere. This annual review process has been game-changing for my portfolio.
This episode is packed with actionable steps to improve your property investment game in the coming year. Trust me, these strategies work - I use them myself and now Iโm sharing them with you.
Remember: emotions and investing don't mix well. Let the numbers guide your decisions, and don't be afraid to make changes when the data shows you should.
I hope you enjoy!
๐๐ป DOWNLOAD A COPY OF OUR BOOK SMALL BUSINESS BIG PROFIT FOR FREE: https://ultimate-fd.webflow.io/small-business-big-profit
๐๐ป FOUR-PART TAX TALK SERIES: Most entrepreneurs pay far too much tax or spend too much time worrying about the wrong things.
This is why we created the Tax Talks Series: From Start to Sell. This is a must-listen for any entrepreneur to understand all the challenges they will face from a tax perspective as they go on their entrepreneurial journey. Click here to go to the Tax Talks Series to gain access to the four-part series FREE OF CHARGE: https://www.ultimatefd.co.uk/tax-talks
๐๐ป HOW FINANCIALLY FIT IS YOUR BUSINESS? Take the Ultimate FD Acid test to find out and have a bespoke report in less than 5 minutes!!! Take the test here: https://josh-dtlqxm7w.scoreapp.com/
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Zijn er afleveringen die ontbreken?
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Welcome to Episode 22 of Magic Moments! โจ
In this weekโs episode we dive into the art and science of financial storytelling through โdictate to dictateโ philosophy. This will transform your standard financial accounts into potent tools for decision-making!
Through real-world examples from my own business, I show you how a clear financial narrative can significantly impact your business strategy and performance evaluations ๐
We discuss how you can start leveraging your financial reports to drive strategic decisions. By turning numbers into narratives, youโll better understand performance metrics and make informed choices that enhance your growth and profitability.
This episode is a goldmine for entrepreneurs seeking to streamline financial processes, cut unnecessary costs, and maximise their company's potential by turning mundane numbers into a powerful business narrative.
Did you enjoy this Magic Moment? Click here to listen to the full episode.
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In this weekโs episode of the Ultimate FD Podcast, weโre helping you make 2025 your most profitable year ๐
Weโre releasing PART ONE of our recent webinar - Make 2025 your most LUCRATIVE year on record!
This episode is going to help you reflect on the past year's performance and set a clear trajectory for unprecedented financial success THIS YEAR. Youโll get actionable strategies aimed at quadrupling revenue and improving your cash flow ๐ค
We delve into the common financial pitfalls that can impede your profitability and share how to avoid them by establishing a robust finance function.
Youโll discover the concept of the four finance professionals every business should have - each playing a unique role in maintaining the financial health of a company.
TUNE IN TO LEARN:
โ How to establish a strong financial backbone in your business by hiring the right mix of financial professionals
โ How to avoid the pitfall of over-relying on accountants for business insights; accountants should focus on tax strategy and compliance only
โ How having the right people in the right roles, will allow you to transition from financial data collection to tactical decision-making and strategic planning
โ How you can shift focus from resolutions and mindset hacks to a methodical, financially-oriented approach to scale your business effectively in 2025
Ready to transform your financial approach and set the stage for a record-breaking year in 2025? Listen now for insider insights and actionable advice.
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๐๐ป DOWNLOAD A COPY OF OUR BOOK SMALL BUSINESS BIG PROFIT FOR FREE: https://ultimate-fd.webflow.io/small-business-big-profit๐๐ป FOUR-PART TAX TALK SERIES: Most entrepreneurs pay far too much tax or spend too much time worrying about the wrong things.
This is why we created the Tax Talks Series: From Start to Sell. This is a must-listen for any entrepreneur to understand all the challenges they will face from a tax perspective as they go on their entrepreneurial journey. Click here to go to the Tax Talks Series to gain access to the four-part series FREE OF CHARGE: https://www.ultimatefd.co.uk/tax-talks
๐๐ป HOW FINANCIALLY FIT IS YOUR BUSINESS? Take the Ultimate FD Acid test to find out and have a bespoke report in less than 5 minutes!!! Take the test here: https://josh-dtlqxm7w.scoreapp.com/
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Magic Moments Ep 21 is here โจ
In this episode of Magic Moments, we delve into the intricacies of financial strategies for directors, focusing on the prudent use of dividends versus PAYE (Pay As You Earn) systems.
This episode will empower you with essential tips and hacks on wealth-building and business profitability, with high-value strategies that can transform how business owners perceive and manage their finances ๐๐ป
We unpack the complex nature of dividends, explaining their tax benefits, lack of national insurance contributions, and how they stand against PAYE in different business contexts.
Let's dive in!
Did you enjoy this Magic Moment? Click here to listen to the full episode.
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READY TO CREATE A KILLER FINANCIAL PLAN? ๐ธ๐
In this weekโs episode Iโm unpacking the essentials of creating a game-changing financial plan for the upcoming year 2025 ๐
Based on my own experiences and the latest strategies, Iโm giving you a behind the scenes look into the process that has led UFD to achieve its most lucrative year on record! Despite escalating overheads, the business has ended 2024 with triple the cash reserves ๐๐ป
This episode is packed with actionable advice on not only setting achievable targets but also focusing on the bottom line to enhance profitability. Iโm sharing with you five expert tips to create robust, actionable financial blueprints that can lead to groundbreaking results in 2025 and beyond.
WHAT YOU LEARN FROM TUNING IN:
โก๏ธ Understand budget vs. target: A budget is a safeguard detailing the worst-case scenario, while a target is the goal you strive for strategically
โก๏ธ Pay yourself: Always include your salary in the financial plan to ensure the business can sustain monthly payouts and remain profitable
โก๏ธ Use last year's data: Build future plans on the actual performances from the previous year to set realistic and growth-centric goals
โก๏ธ Bottom line focus: Direct efforts towards improving net profit margins rather than merely aiming for top-line growth
โก๏ธ Plan for everything: Consider all potential expenses such as bonuses, gifts, and donations to avoid unforeseen budget misalignments
I hope you enjoy!
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Welcome to Magic Moments episode 20! โจ
In this episode along with our guest Tej, we explore an array of strategies aimed at maximising your financial potential in 2025. We share impactful insights into financial strategies that guarantee business growth and enhanced personal wealth ๐
We discuss tax strategies and how you can legally retain more income from your business, as well as efficient ways of drawing money from your company through dividends, understanding joint account benefits, leveraging child benefits constructively, and managing childcare costs effectively.
These strategies not only promise to streamline your financial operations but help to assure financial peace of mind for business owners and entrepreneurs in 2025 ๐ธ
Dive into this episode so you can learn how to maximise your wealth as a business owner! ๐
Did you enjoy this Magic Moment? Click here to listen to the full episode.
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Top 14 Life Hacks for 2025! ๐๐๐ป
In this episode, Iโm sharing something Iโm incredibly passionate about - optimising how we live and operate in both our personal and professional lives.
This week Iโm sharing my top 14 life hacks for 2025. These are strategies that will help you sleep better, boost your productivity and efficiency and help to make you a better entrepreneur! ๐ฅ
Youโll also boost your happiness and health, save time, and learn how to focus on what matters most.
These arenโt just tips - theyโre proven methods to help you feel better, which translates into performing better in life and business. And when you perform better, your business thrives ๐๐ป
This episode is a fun and practical guide to levelling up in every area of your life. Itโs one Iโve been excited to record because I absolutely love all of this stuff!
I hope you enjoy! ๐ฅณ
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Episode 19 of Magic Moments is here! โจ
This moment delves into essential productivity tools that helped UFD have the most incredible year in 2024. These are productivity tools that are essential for any entrepreneur who wants to make the absolute most out of the time they and their team have got.
From efficient task management to leveraging recurring tasks for seamless business operations, this episode provides valuable insights for increasing profitability and work-life balance โ๏ธ
Plus, tune in for an unexpected hack to boost productivity and wellness. Prepare to transform your business into a highly scalable and profitable venture when you utilise and implement these tools in your business! ๐๐ป
Did you enjoy this Magic Moment? Click here to listen to the full episode.
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Unlocking the Keys to Entrepreneurial Success: How Laurie Duncan built his property empire.
In this weekโs episode of The UFD podcast weโve got another guest on for our Millionaire Money Matters series!
I sit down with Laurie Duncan, a property entrepreneur redefining success in the Scottish real estate market. As the co-founder of The Real Property Group, Laurieโs story of building an empire is nothing short of inspirational.
๐ก Hereโs what youโll discover:
๐ How Laurie acquired 300 properties using OPTM (other peopleโs time and money)
๐ The game-changing strategies that fueled his rapid growth in property investment and entrepreneurship
๐ง Insights into the mental challenges entrepreneurs face and the importance of cultivating the right mindset
โ๏ธ Why being selective about the advice you follow is crucial to achieving your goals
Whether youโre passionate about property investment, scaling your business, or setting bold entrepreneurial goals for 2025, this conversation will leave you inspired and ready to act.
Laurieโs journey is a testament to resilience, focus, and thinking bigger ๐๐ป
Tune in now to unlock the keys to entrepreneurial success and learn how to take your business - and your mindset - to the next level! ๐ง
You can connect with Laurie on social media here:
Personal:
- https://www.facebook.com/el.dee.3958
- https://www.instagram.com/rewdgrouplaurie/
- https://www.linkedin.com/in/laurieatrewdgroup/
Business:
- https://www.facebook.com/rewdgroup
- https://www.instagram.com/realpropertyscotland/
- https://www.linkedin.com/company/realpropertyscotland/
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Welcome to Episode 18 of our Magic Moments series! โจ
In the latest installment of Magic Moments, we are diving into the realm of cash flow management and bringing to light the challenges and realities of facing cash crises in business, which is a common hurdle for many entrepreneurs.
Learn about the importance of having a clear cash flow forecast, gaining financial clarity, and tackling problems head-on.
Discover how smooth seas never make a good sailor and equip yourself with strategies to emerge stronger and more skilled in navigating business finances! This episode offers valuable insights and tips for entrepreneurs facing cash flow challenges.
Learn how to transform financial difficulties into opportunities for growth and enhanced business acumen.
Tune in now!
Did you enjoy this Magic Moment? Click here to listen to the full episode.
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Accelerating Business Value: Exit Planning for Maximum Profit ๐
In this enlightening episode, I chat with Julie Wilkinson about the intricacies of financial management and strategic business exits.
Julie, with her vast expertise in finance and accounting, offers a deep dive into the essential governance and control mechanisms that entrepreneurs need to scale their businesses effectively and prepare for lucrative exits! ๐ฐ
Julie emphasises the importance of having a robust finance team and implementing governance processes in businesses, particularly as they approach critical turnover milestones.
This episode details practical steps for business owners to move from being owner-operators to silent investors, a transition that significantly impacts their business valuation at exit.
Julie also delves into how businesses can manage risks effectively, the importance of accurate financial reporting, and how incorporating management accounts can lead to better financial decision-making ๐๐ป
This episode is packed with insights for entrepreneurs striving to enhance their business strategy and financial acumen.
Tune in now to learn and maximise the value of your business! ๐ฅ
You can connect with Julie on LinkedIn here.
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ITโS THE FINAL DAY OF OUR 12 DAYS OF CHRISTMAS SPECIAL SERIES! ๐๐ป๐
Welcome to your special New Yearโs episode!
This episode will kickstart your 2025 with essential strategies to achieve your most lucrative year yet. Iโm providing you with a roadmap to success through clear financial planning and strategic business execution ๐ซก
You'll explore how to create robust plans, understand key financial indicators, and set yourself up for optimal profitability. This episode is a must-listen for any entrepreneur aiming to make 2025 a hallmark year in their financial journey!
I go over my 10 top tips, along with a bonus suggestion, to secure your best financial year. We delve into setting and beating budgets, finding financial sweet spots, and creating high-margin products ๐ฐ
This episode is going to inspire you to break free from traditional growth myths and move towards meaningful profit generation. Ready to uncover transformative financial strategies tailored for entrepreneurs, enhancing both professional wealth and personal fulfillment?
Then you need to listen to this episode! ๐๐ป
Tune in now!
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Welcome to Day 11 of our 12 Days of Christmas - Magic Moments Edition! ๐
This Magic Moment features an inspiring conversation with our guest Adam Goff as we explore thought-provoking insights into carving out a unique lifestyle free from societal constraints.
Prepare to delve into the ethos of living life on your own terms, especially concerning wealth generation, happiness, and avoiding the typical corporate rat race ๐คฏ
Throughout the discussion, Adam discusses the mindset shift necessary for departing from traditional career pathways toward entrepreneurial success.
He highlights the lessons learned from observing wealthy individuals and shares the importance of taking calculated risks and choosing personal happiness over societal expectations ๐๐ป
Adamโs story is a testament to the power of unconventional thinking and the courage to pursue a lifestyle based on passion and financial independence. His insights provide valuable inspiration for those pondering their career paths or contemplating alternative lifestyles through entrepreneurship!
Did you enjoy this Magic Moment? Click here to listen to the full episode.
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Weโre on Day 10 of our 12 Days of Christmas Magic Moments Series! ๐๐ป
Weโre joined by Shiv Haria in this episode and weโre talking about the evolution of financial mindsets and innovative business strategies. We dive deep into transforming traditional perceptions of money into a contemporary understanding, focusing on how entrepreneurs can enhance their outlook to achieve success in today's dynamic business environment.
We talk about the idea of money as energy, explaining how shifting your mindset from conventional views on money to perceiving it as a form of energy can influence success in business ๐
With specific attention to service delivery and consistent pricing strategies, the conversation highlights how serving customers effectively leads to financial growth.
Shiv also shares anecdotes about his company's journey, detailing how he responded to challenges with creativity and persistence, ultimately leading to innovative solutions that generated revenue and enhanced client relationships ๐๐ป
Tune in and be inspired!
Did you enjoy this Magic Moment? Click here to listen to the full episode.
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Day 9 of your 12 Days of Christmas Magic Moments is here! ๐ ๐ผ
In this episode we explore the concept of 'Building It Backwards' to align your business success with personal fulfillment.
I share a revolutionary approach to structuring your business around the life you want, focusing on core areas that influence both financial prosperity and quality of life ๐
This episode is aimed at entrepreneurs looking to balance wealth creation with stress management, taking into consideration five crucial pillars: time commitment, stress tolerance, financial drawings, wealth targets, and luxuries.
By meticulously planning what you want your business to deliver in the coming year, you can ensure you're not only financially successful but also living a fulfilling life ๐๐ป
This podcast episode guides you through setting realistic work hours, managing stress levels, defining financial goals, and fulfilling personal aspirations without compromising on life's luxuries.
Did you enjoy this Magic Moment? Click here to listen to the full episode.
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It's Day 8 of our 12 Days of Christmas Magic Moments Series! ๐
Next up, we are delving into the concept of financial independence and the sacrifices it entails!
Our esteemed guest, Perry Wilson, shares his philosophy that anyone willing to work diligently and make necessary sacrifices can achieve significant wealth. Contrary to quick-rich schemes, he emphasises that reaching financial goals involves hard work, significant personal sacrifices, and the inevitability of time!
By narrating his own journey from taxi driving to financial independence, Perry provides a real-life example of slow but steady wealth accumulation through property investment ๐ก
We also scrutinise the role of patience and ego in wealth creation, explaining the importance of delaying gratification and maintaining a long-term vision, even when immediate gains are not visible.
This episode highlights the value of a sustainable lifestyle - refraining from debt-funded luxury for long-term stability and freedom. These insights make for a thought-provoking discussion on the realities of financial success ๐ฐ
Did you enjoy this Magic Moment? Click here to listen to the full episode.
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Welcome to Day 7 of our 12 Days of Christmas - Magic Moments Edition! ๐
Join Huw Davies and I as we dive into practical strategies for managing your personal finances. We cover smart spending habits, frugality, and meaningful financial planning.
We also share insights on questioning and eliminating unnecessary expenses, explore the concept of guilt-free spending and share personal anecdotes about managing finances in everyday scenarios, such as coffee subscriptions and takeout habits โ๏ธ
Learn about implementing a โfun fundโ for guilt-free splurges and hear Huwโs transformation from financial struggles to adopting a frugal lifestyle, as well as his personal insights from his 14-month journey without alcohol - highlighting the value of mindful spending.
Discover how these shifts can lead to healthier finances and enriched memories! Tune in to take away actionable insights to start your new year on a financially savvy note ๐๐ป
Did you enjoy this Magic Moment? Click here to listen to the full episode.
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Welcome to Day 6 of your 12 Days of Christmas! We interrupt your Magic Moments to bring you a special Boxing Day episode! ๐๐ป
Iโm sharing with you my 24 Tips From 2024! These are all based on my entrepreneurial journey and insights gained over the past year.
Whether your interests lie in business development, personal growth, or achieving financial success, these tips are set to inspire and guide you in preparing for your most successful year yet ๐
2024 has been a monumental year for myself and for Ultimate FD, filled with hurdles and success stories that shaped my perspective. From scaling the business to improving personal and professional relationships, these lessons highlight the importance of finding your โsweet spot,โ maintaining consistency, and fostering growth throughout challenging times.
This episode goes deep into the realities of being an entrepreneur, emphasising candid feedback, the power of recurring revenue, and understanding the core reasons behind your pursuit of being an entrepreneur in the first place ๐ฅ
I discuss both the wins and challenges of entrepreneurship, the need to be comfortable with discomfort, the value of seeking professional help, and the importance of implementing a product stack for profitability.
These insights are tailormade for those aiming to excel in 2025 by honing their skills and refining their business strategies ๐
Do not miss this episode! ๐ง
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Day 5 of your 12 Days of Christmas Magic Moments is here! ๐ฅณ
In this episode weโre talking about transforming your business finances with meticulous accounting.
Our guest, Leon Rothera, shares his journey from feeling overwhelmed to finding clarity with detailed financial reports and real-time insights โฐ
We discuss the importance of meticulously tracking expenses and how small changes can lead to significant profit improvements.
By understanding and influencing specific cost areas, you can very easily can make informed decisions and enhance profitability ๐ธ
Tune in to learn how! ๐ง
Did you enjoy this Magic Moment? Click here to listen to the full episode.
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