Active Entrepreneur Podcast

Episode #002 – Knowing you numbers Introduction into podcast Profits High street lenders possibly aren’t going to want to use your profits Active Brokers can potentially get latest years’ net profit considered Knowing your salary Salary and dividends are beneficial – they will be used to calculate your affordability Knowing your numbers shows a deep understanding of your business When getting a joint mortgage – knowing your partners salary is vital – CASE STUDY - giving the wrong figures could harm your application Expenses/Cost of Sales Looking at how much you’re spending e.g. utilities, stationary Looking at cheaper or better deals Make sure you note where changes are happening – they will be asked about An underwriter and you as a business owner should be looking where the differences are year on year Spreadsheets Spreadsheets are a good way of keeping your data in check Cloud based software e.g. Quickbooks or Zero, is more efficient Can be beneficial to your business and means you can access any numbers a