The boring sh!t in business Podcast with Amy Bajada

EPISODE 166 : Balance Sheet Basics : The key to understanding your business

🚀 Unveiling the Hidden Power of Your Balance Sheet!
In the latest episode of "The boring sh!t in business," I dove into the often overlooked but incredibly powerful tool in business finance: the balance sheet! While it may not sound as thrilling as cash flow or profit margins, understanding your balance sheet can be a game changer for your business. Here's why:
🔍 Key Takeaways:
Financial Health X-ray: Your balance sheet is like the x-ray of your business, revealing what lies beneath the surface. It gives you a clear picture of how you're funding your operations and shows you whether you're in a strong position to invest in growth or weather challenging times.
Assets, Liabilities, and Equity: Think of your balance sheet as a snapshot of your business's financial position at a specific point in time. It details your assets (what you own), liabilities (what you owe), and equity (what's left over for you).
Empower Your Decision Making: Once you understand how to read your balance sheet, it becomes a powerful tool for making informed decisions. Whether it's tightening up your accounts receivable process or negotiating better terms with suppliers, the insights are invaluable.
Tune in to the episode for an in-depth guide to getting comfortable with your balance sheet and using it to your benefit. Don't forget to share with fellow business owners!

EPISODE 165 : Cracking the Code : Costs, Profits and Building a Thriving Business

Unlocking Business Success: Costs & Profits Matter More Than You Think ...
Running a business without a clear understanding of your costs and profits is like navigating without a compass. In my latest episode we dive deep into why these "boring" numbers are your business's quiet achievers.
Here are 3 key takeaways from this episode that could transform your business strategy:
Break Even to Break Free: Understand the critical importance of calculating your breakeven point. It's the milestone where your revenue covers your costs, enabling you to move from merely surviving to thriving.
Decoding Costs: Differentiate between fixed costs (think rent, insurance) and variable costs (like supplies for service-based businesses). This knowledge is the backbone of strategic decision-making.
Profit Drivers Matter: Identify high-margin services to amplify profits. Don't shy away from adjusting pricing to reflect true value and never underestimate the potential of bundling or loyalty programs.
Gaining clarity on your business finances can empower you to make informed decisions and set your company up for long-term success. Dive into your numbers this week—start small, but start today.
Take a listen 🎧

EPISODE 164 : Cutting Costs with Confidence : A Practical Guide

In this episode, we delve into a crucial aspect of business management: cost cutting with confidence. In these challenging times, it's essential to know how to effectively cut costs without jeopardising the core of what makes your business successful.
Here are three key takeaways from the episode:
🔍 Be Strategic, Not Impulsive: Before making any cuts, evaluate the purpose behind them. Each decision should have a clear goal and measurable impact.
📈 Understand the Ripple Effect: Cutting costs might save money upfront, but consider potential hidden costs that could arise, such as reduced product quality or slower service delivery due to cheaper suppliers.
🤝 Communication is Key: When cuts involve team members or contractors, ensure open communication. Remember, your team is vital to your success, and any change in their roles can affect your business’s performance.
Thinking about cost cutting in your business? Remember, it’s not just about savings—it’s about strengthening your business for the long haul.
Take a listen. 🎧

EPISODE 163 : Numbers don't lie : How to let data drive your business

We've all been there—making business decisions based on gut feelings. And while intuition has its place, when it comes to growth and profitability, it's data that tells the real story.
In this episode, I’m diving into why data-driven financial decisions are a game-changer for your business. I’ll share simple, practical ways to use your numbers to make smarter choices, spot problems early, and build a more profitable future.
Here’s what you’ll learn:✅ The 30-Minute Check-In: How dedicating just half an hour each week can give you clarity on your financials.🚩 Spotting Red Flags Early: The power of numbers in catching issues—like sneaky expenses or declining sales—before they escalate.📊 Where to Focus First: How to pick one key area (like sales or expenses) and start making data work for you.
Think of your data as your business GPS—guiding you to smarter decisions and stronger results.
🔗 Tune in now and take the guesswork out of your financial decisions!

EPISODE 162 : The Bottom Line Breakdown : What Products Are Paying Off?

Growing a successful business isn’t just about selling more—it’s about knowing where your real profits are coming from.
In this episode of The Boring Sh!t in Business with Amy Bajada I'm tackling a game-changing topic: how to identify which products or services are truly making you money—and which ones might be holding you back. 💡
Here are three key takeaways you won’t want to miss:
✅ Know Your Profit Margins – Sales numbers alone don’t tell the full story. It’s time to break down the true profitability of each product or service by subtracting costs from revenue. 
⏳ Measure Time & Resources – Not all revenue is created equal. If a product or service is eating up your time and resources without delivering a solid return, it may be time to streamline or let it go.
🗣 Tap into Customer Insights – Your customers hold the answers! Their feedback can reveal what’s working, what’s not, and where there’s room for improvement. Listening to them can help you refine your offerings and maximise profits.
📊 Business growth isn’t just about working harder—it’s about working smarter. Join me for this deep dive and discover how to focus on what truly drives profitability in your business.
🔊 Listen now and start making more strategic, profit-driven decisions!

EPISODE 161 : Red Flags and Revenue: What Your Numbers Are Telling You!

Your financial data isn’t just a bunch of numbers—it’s telling you a story about your business. The question is: are you paying attention?
In this episode, I break down how to read your financial reports with confidence, spot early warning signs, and take action before small issues turn into big problems.
Here’s what I'm covering:
✅ The three key financial reports every business owner MUST understand (P&L, Balance Sheet, and Cash Flow Statement)🚩 The biggest financial red flags—declining revenue, rising expenses, negative cash flow, and more💡 Simple, actionable steps to fix financial issues and keep your business on track
If you’ve ever felt overwhelmed by your numbers, this episode will give you clarity, confidence, and control over your business finances. Tune in now and start making smarter financial decisions! 🎧
👉 Listen now & take control of your business numbers!

EPISODE 160 : Cashflow vs Profitability : What's the difference?

If you've been tuning in for a while, you know I love cutting through financial jargon and keeping things simple. In this episode, we’re diving into a topic that confuses a lot of business owners: Cash Flow vs Profitability. You’ve probably heard both terms thrown around, but what do they really mean, and why do they matter for your business?
By the end of this episode, you’ll understand:
✅ The key differences between cash flow and profitability
✅ Why good cash flow is crucial—even if your business is profitable
✅ How poor cash flow can put even a profitable business in danger
✅ Actionable strategies to balance both and keep your business thriving
Want help managing cash flow? Download my free Cash Flow Checklist
Need a financial strategy that actually works? Let’s chat! Book a free discovery call
If you found this episode helpful, be sure to subscribe, leave a review, and share it with a fellow business owner who needs to hear this!
Grab your coffee/tea or drink of choice (no judgement here), get comfy, and let’s dive in!

EPISODE 159 : Creating a realistic budget that works and doesn’t feel like a chore.

If you're ready to take control of your business finances and make smarter financial decisions, this episode is for you!
Budgeting might not be the most exciting topic—but what if I told you it's the key to reducing stress, gaining clarity, and setting your business up for success? Today, I'm breaking down how to create a realistic, flexible budget that actually works—without feeling restrictive or overwhelming.
What You’ll Learn in This Episode:
✅ Why budgeting isn’t about limitations—it’s about clarity & strategy✅ The 6-step process to building a budget that works for your business✅ How to track real income trends (not just hopeful estimates)✅ The difference between fixed and variable expenses—and why both matter✅ The best tools (QuickBooks, Xero, Excel) to keep your finances in check✅ How to review & adjust your budget to stay on top of your cash flow
Budgeting isn’t just a one-time task—it’s a habit that keeps your business running smoothly. Whether you're a seasoned entrepreneur or just getting started, this episode will help you ditch the financial stress and take control of your money.
🎧 Tune in now and start budgeting like a pro!
💡 Loved this episode? Share it with a friend who needs to hear this!

EPISODE 158 : Stop mixing your money (business vs personal) : Here’s why it matters

Hey friend, welcome back!
After receiving a flood of DMs about separating personal and business finances, I knew I had to dive deeper into this topic. It might seem like common sense, but trust me—so many business owners get this wrong, and the consequences can be costly.
In this episode, I’ll break down:
✅ Why mixing business and personal finances is a financial disaster waiting to happen✅ The legal risks (and how to protect your personal assets)✅ How keeping things separate makes tax time way less stressful✅ The power of building business credit—and why lenders care about it✅ Practical, actionable steps to clean up your accounts and take back control
If you’ve ever found yourself wondering, "Does it really matter if I use my business card for personal expenses?"—then this episode is for you. Let’s get your money in order so you can grow your business with clarity and confidence!
🎧 Hit play now and let’s dive in!
 
Resources as mentioned throughout the episode ..
🔗 Getting Started with Xero mini course
🔗 Getting Started with Quickbooks mini course

EPISODE 157 : The most common question I get asked: What is a Financial Coach?

In this episode, we dive into the often misunderstood world of financial coaching and its transformative impact on small to medium businesses. Financial coaching goes beyond just budgeting and tax accounting; it's about empowering business owners to truly understand and leverage their finances.
Here are 3 key takeaways from this insightful episode:
Empowerment Over Delegation: Financial coaching equips you with the tools, knowledge, and confidence to master your finances and take charge of your business's financial health.
Proactive Financial Strategy: Unlike crisis services, financial coaching is proactive, focusing on prevention and preparation to ensure business resilience and success.
Collaboration, Not Replacement: A financial coach complements your accountant and bookkeeper by providing strategic insights and education, rather than replacing their vital roles.
Take a listen to find out just how financial coaching can play a pivotal role in the success of your business. Ready to transform your finances? Start by understanding them. A x