Financial Planning Advice For Beauty Businesses

Hello Everyone ! This episode of 'Sit down with Anne on business essentials' features an in-depth discussion on finance management for small and medium enterprises (SMEs), specifically tailored for beauty entrepreneurs. Anne interviews Ily Maisanda , CEO of Maisanda & Co. Accountancy Firm in the UK, www.maisanda.com/ who shares his expertise as a Chartered Management Accountant & offers valuable insights into basic financial management, the importance of keeping accurate records, financial planning, and understanding revenue, balance sheets, and cash flow statements. We also delve into the different types of taxes affecting businesses in the UK, considerations for choosing b/w a sole trader & a limited company structure, utilizing technological tools for inventory management, &the importance of leveraging accountant services for better financial management and growth.
Timestamps
00:00 Welcome to Business Essentials: A Deep Dive into Finance
00:42 Introducing Expert Guest: Ily Maisanda CEO of Accountancy Firm
02:53 The Importance of Accountants for SMEs
06:29 Record Keeping: The Backbone of Business Management
09:44 Demystifying Financial Planning and Budgeting
13:12 Understanding Revenue, Balance Sheets, and Cash Flow
22:30 Navigating Taxes for Small Businesses in the UK
25:18 Understanding VAT and Its Impact on Small Businesses
27:52 Sole Trader vs. Limited Company: Making the Right Choice
33:14 Navigating Financial Planning and Cash Flow
33:56 Leveraging Tools for Effective Inventory Management
40:48 The Advantages of Cloud-Based Accounting Systems
45:24 Strategic Financial Management and Growth Tips for Small Businesses
49:01 Comprehensive Accounting Services for Small Businesses
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✅ About Skin and hair manufacturinghub.
Hello & Welcome to my channel! Skin & Hair Manufacturing Hub! Where science meets beauty
On this Channel
* We will learn how to formulate skin & hair care products
* Review & select ingredients to use in formulations
* Different skincare concerns & products to help
* Beauty business essentials
* Women of color skincare concerns & routines.
* Addressing the gaps & misinformation in skincare.
I am Anne, a Cosmetic Chemist, Esthetician, Herbalist, Aromatherapist, and perfumer passionate about helping you reach your skincare and skin health goals.
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