Foreign to the Brilliant Pet Accountant Podcast with me, Vicky, where I will give you practical business and finance advice to help you grow a sustainable pet business.
Speaker AThis podcast is sponsored by Low Pay, the low rate payment platform that gives you more.
Speaker ALet's get cracking.
Speaker AHello.
Speaker AHello.
Speaker AGood afternoon, everyone.
Speaker AHow are you all?
Speaker AWelcome back to episode three of the business series for you.
Speaker AFor those who don't know what today's topic is on, we're going to be talking about why you guys are flat out fully booked, working long days and still wondering why the money doesn't match the effort.
Speaker AAnd we hear that a lot.
Speaker ASo that is what we're going to be talking about today.
Speaker ASo groomers, walkers, trainers, daycares, boarders.
Speaker AIf your diary's full but you're still not paying yourself properly and it feels difficult, then this is the episode for you.
Speaker AIf you can hear any noise in the background, that is my delightful Frenchie making those noises because she's rolling around on her back.
Speaker ASo if you just ignore that, if you can't hear it, it is not me, it is the Frenchie.
Speaker AAnd like I said, we hear quite a bit in businesses where people always say, I'm fully booked, you know, I can't squeeze any more clients in, I've got a waiting list as long as my arm and for some reason I'm still not paying myself a wage or a good wage.
Speaker AFifi, stop.
Speaker AFifi's distracted me in the corner being a little bugger on her back.
Speaker ASo, yes, so that is something as an accountant, I hear quite a bit.
Speaker AIt's something that I see quite a bit on the socials of, you know, people just saying, I'm busy, busy, busy, working every hour under the sun, but my wage is still crap and I don't know what to do.
Speaker ASo that is what we're going to talk about today.
Speaker ABecause, you know, it's not that you have a client issue, it's more probably of a capacity issue.
Speaker ABut the problem is if you don't fix it, then the clients will overrule you and you will become busy.
Speaker AAnd that is the problem.
Speaker ASometimes people mistake being busy as being profitable.
Speaker AIt might be, if Tegan's listened to this, she might have to come and get Fifi because she's very distracting.
Speaker AShe's literally underneath me, rolling on her back.
Speaker ASo we're going to go through why a full diary can still make you feel like you've got no money, what an appointment slots actually worth to you guys, and how not doing it properly can leak money.
Speaker AAnd also how we can design a better diary.
Speaker ASo that's what we're going to go through today because if you don't control it, your clients will and that is not what we want.
Speaker ASo if you are listening, make sure that you ask any questions along the way.
Speaker AI liked it when you got involved last time when we were talking about boundaries and pricing and it's all interlinked.
Speaker AThese aren't random topics that I've come up with.
Speaker AThese are all interlinked because they all work well together.
Speaker AYou can't have one without the other.
Speaker AAnd pricing again is going to be a factor into this.
Speaker ASo please ask questions.
Speaker ALet us know if you do this or if you understand what I'm saying or if you feel like that you are running up capacity but you don't seem to be paying yourself much, then please let me know and put it in the comments.
Speaker ASo just let us know because busy and being financially secure are two very different things.
Speaker AAnd hopefully Fifi will calm down in a second because she's very distracting guys, but I think she's going to give up.
Speaker ASo what I found, obviously, for those of you who don't know, I'm one half of the pet accountants, so we deal with a lot of pet businesses varying in size from turnovers of 15 grand to turn overs of seven figures.
Speaker ASo we see it from all angles.
Speaker AAnd I think the main thing that I see from you guys, and to be honest, I was guilty of it as well when I started the pet accountant, is we all always say yes to everybody.
Speaker AAnd that could be like last minute requests, squeezing someone in, you know, yes to longer days because someone might ring up, oh, I don't suppose you mind just getting fluffy and quickly.
Speaker AI know it's like half six and you finish, but do you mind?
Speaker AAnd we all have a tendency to say yes.
Speaker AAnd you almost feel like you're providing really good customer service because you've said yes, you've squeezed them in or you've said yes to a last minute request.
Speaker ABut unfortunately this is where it ties in with the other topics that we spoke about, is that it then doesn't strengthen your boundaries, okay?
Speaker ABecause from a numbers side, when your prices are low, your boundaries are weak.
Speaker AThe only thing left to to grow is the amount of hours that you work because that's the only thing that you can put in is a last minute request or squeezing someone in or working that extra hour.
Speaker AAnd unfortunately that's where people get mixed up with being busy and being profitable because it's not the same Thing, it's not growth.
Speaker ASo you probably find yourself a bit of.
Speaker AOn a treadmill is a really good analogy that I can sort of put on for this.
Speaker AAnd because you sort of.
Speaker AYou're burning energy constantly, but you ain't going anywhere.
Speaker AOkay?
Speaker ASo that, imagine yourself on a treadmill when you're doing this is, yes, you move them, but we ain't going anywhere.
Speaker AAnd you've got to realize, guys, that your capacity is finite, your time is finite and your energy is finite.
Speaker ASo, you know, you need to decide how your diary is going to work for you, otherwise it'll work the other way around.
Speaker AAnd that's where we're going to chat about today, because like I said, a lot of clients, we speak to a lot of people that we see on the groups is that the.
Speaker AThey're just trying to put in extra hours without getting the boundaries right and without getting the pricing right.
Speaker ABecause if you haven't got the price right and you work in an extra 10 hours, you're going to be exhausted, but your profit margins are going to be exactly the same.
Speaker ASo all you're going to be doing is burning yourself out quicker by squeezing those extra clients in.
Speaker AAnd again, this is where you've got to become strict with your diary.
Speaker AAnd that's where the pricing comes into play, where the boundaries comes into play, and where this capacity issue comes into play.
Speaker ABecause if you can get all those in sync with each other, you'll be working less hours, but your profit margins will be bigger and therefore you will be a much happier person.
Speaker AAnd you're not going to be a zombie by the end of the day, and you're not going to be working seven days a week.
Speaker AI know a lot of groomers that squeeze people in, a lot of trainers or even like daycares where people try and stretch it and go, can you just have them for another few hours?
Speaker AWell, that few hours is your time, so.
Speaker AAnd again, guys, if you've got any questions or it kind of feels familiar, then please put it in the comments because it would be good to know or if you've got any ideas or anything that you guys have implemented that helps with it, it's always good to put in the comments because other people can look at it as well because they're on the same journey.
Speaker ASo please, please don't be shy.
Speaker AThere's a few of you watching.
Speaker APut some comments in and we can have a discussion about it.
Speaker ASo I want you to start thinking about your diary differently, okay?
Speaker AI want you to think of every Appointment slot you have as inventory.
Speaker ASo rather than just whacking it in here, there and everywhere, not really thinking about it, think about the appointment slot as inventory.
Speaker AAnd that slot, that one slot is responsible for way more than the £60 or £50 that you charge because that slot has to cover wages if you've got staff, it has to cover your overheads, it has to cover your profit and it also has to cover your own pay.
Speaker ASo that one slot is going to cover an awful lot.
Speaker AAnd I think once you get your mindset around that, you will look at your diary differently.
Speaker ABecause I don't think people overly think about the slot in the diary.
Speaker AIt's just a case of Mrs. Smith's rang up monster jogging.
Speaker AWe're just, yeah, we'll just put them in at 6 o'.
Speaker AClock.
Speaker AWe don't really think about it.
Speaker ASo when that slot is cancelled last minute or moved repeatedly, which I think I saw, Dog Walker had that issue last week or overran and you haven't charged them that money, that 50 pound, that 60 pound is gone.
Speaker AOkay?
Speaker ABecause you can't sell yesterday's 10am slot tomorrow.
Speaker ASo that's why again it runs into the boundaries and runs into the pricing and where this all sort of interlinks with each other.
Speaker AAnd this is why we start talking about your diary today, to make sure that every one of those slots is inventory.
Speaker AOkay?
Speaker AAnd if you start looking at it like that, you'll start having a bit of a mindset shift after, you know, if someone cancels it.
Speaker AWell, hang on a minute, you're not going to cancel it and if you do, then I'm going to charge you as per my terms and conditions.
Speaker ASo again it's about sticking to those boundaries and looking at those slots as individual inventory.
Speaker ASo again, while we have cancellation policies, again, it's not about you being strict or being harsh, it's about you protecting your income and protecting your revenue.
Speaker AOkay?
Speaker ASo we've got to start treating time a bit better because if you treat it casually then that's where the money starts to leak and that's where you start losing money.
Speaker ASo that's what we've got to think about.
Speaker AHi Lee.
Speaker ASo Louise has put so many dog walkers and clients get hung up on the length of the walk.
Speaker AI do an hour service that includes getting the dog ready and travel to a walk location nearby.
Speaker AIt's not an hour walk, usually 40 minute walk time, but on a hot day I can go a bit further and walk for 30 minutes.
Speaker AImportant distinction.
Speaker AAnd I market this as being tailored to the dog's individual needs on a given day.
Speaker AYeah, I think you're right, Louise.
Speaker AI think people get hung up on the hour and think that they must walk the dog for that hour again, again pricing yet.
Speaker AI think someone put on one of the dog walking groups the other day.
Speaker AThey were in the northeast and I think they were charging 12 or 15.
Speaker ANo, I think it was 12 or 13 pound for a dog walk.
Speaker ANow, for me, I said that was too cheap because A, you've got your travel time there.
Speaker ASo if you drive into the person's house, you've got the travel time, you've got the fuel it takes to get there, you've got your time, you've got any poo bags or treats that you've used now, you've got all those overheads to cover.
Speaker ABy the time you've taken that off that 13 pound, you're now doing that dog walk for less than minimum wage.
Speaker AAnd it just doesn't make sense.
Speaker AAnd I don't.
Speaker AAnd I've said this on the other ones, I don't know where this common charge for dog walks is come in.
Speaker AI think maybe because everyone asks each other and because everyone charges between like 13 and 15 or 13 and 16 quid, then that's kind of become the norm.
Speaker AI mean, if there's any dog walkers listening, feel free to shout and say, I'm talking bollocks, it's fine.
Speaker AI don't mind question awake because I love it.
Speaker ABut, yeah, I don't know why people have got this.
Speaker AAnd I think again, people just make it up.
Speaker AThey're just like, oh, I'll just charge 13 quid, they're charging 13 quid.
Speaker ABut don't actually think, well, hang on a minute, I've got to drive, I've got the wear and tear of my vehicle, I've got the fuel, I've got the poo bags, I've got the treats, I've got my time, I've got a profit margin to put on that as well.
Speaker ABy the time you take all that out, you talking nine or ten pound for an hour's dog walk, which is below minimum wage.
Speaker ASo you need to start thinking about your prices and you need to start putting in the slots and not thinking that the time starts from the minute you get to the dog walk to the minute it ends an hour.
Speaker AAnd then you drive back to the person's house because as Louise said, then we're cutting into maybe an hour and a half and then you still only charge in 13 to 15 pounds for an hour and a half's work when you've got all those overheads to cover.
Speaker ARight, guys, I'm just going to interrupt the podcast for a quick second.
Speaker AAs an accountant, we're always trying to find ways of saving you guys some money, which is why we have teamed up with the brilliant Low Pay, who are half the price of summer.
Speaker ASo make sure you guys click the link in the bio and save those pennies.
Speaker ALet's get back to the podcast.
Speaker ASo again, the time capacity side of it comes in really well with the price and really well with the boundaries.
Speaker AAnd if you can just master those three things, then you'll see a massive difference in your money that you take every month because you'll have a lot more there to play with.
Speaker ASo try and think, if you know one of your most common appointments disappeared tomorrow, how much profit would you lose?
Speaker AIf you can't answer that, then this is where we need to start looking at the figures.
Speaker AAnd I know, I always harp on about it every single episode that we do.
Speaker AAnd you probably eye roll them because she's like, yep, you're an accountant, you're always going to talk about numbers, but it all comes down to numbers and getting those margins right.
Speaker AAnd it'll make a huge difference.
Speaker ADoesn't matter what everyone else is charging, just ignore them.
Speaker ALouise has put.
Speaker AThere's also an idea that group walk should be cheaper.
Speaker AYeah, I've heard that.
Speaker AI'm now doing a membership based thing and it's working so much better.
Speaker AAgain, doing something a bit different, like Louise doing a membership, get them to pay monthly, then it's regular income, regular cash flow for you guys.
Speaker ABy getting them to pay monthly, you're not having to chase them for money, you just put them on a direct debit.
Speaker ASo that could work.
Speaker AHi, Claire, let's have a look.
Speaker ALet alone the massive responsibility, I charged 15 pound for dog walking five years ago and I would be closer to 20 pound.
Speaker AAnd also group walking shouldn't be cheaper.
Speaker AYou pay for your dog.
Speaker AExactly.
Speaker AI mean, Claire, if you were paying 15 quid, like if you charge them 15 quid five years ago, then it should, by inflation, it should go up.
Speaker ASo I think people should be charging 20, 25 quid for an hour's dog walk and people are going to probably be like, what the hell?
Speaker ABut why not?
Speaker ALike, why can't you?
Speaker ANone of us, Lee, how many dog walkers think out of the box to cross sell and upsell different services or products?
Speaker ALouise has put.
Speaker ANone of us, Lee, Haha.
Speaker AAgain these are things that you could try and upsell.
Speaker AI know a client of mine, she's a dog walker in a daycare and she has like a mud daddy thing and she cleans and washes the dog especially in winter when they get muddy, not like a full on wash but like washes the dog, gets the mud off and dries them off and charges extra.
Speaker AYeah well she wasn't charged an extra until I had a conversation with her and said you need to charge extra.
Speaker AThat could be an extra service that you charge an extra tenor for.
Speaker AYou know I'll wash your dog, I'll get all the mud off it and I'll dry it down quickly so that it's not running mud into your house after the walk an extra 10 pound.
Speaker AAnd then her argument is well yeah but then they might not want to pay the ten pounds and I'm like well then don't wash the dog because that's extra time, extra effort, extra overheads and they're not paying for it.
Speaker AGive it to them as an option.
Speaker ASo it could be that you buy one of these washing things that might be other things out there, money.
Speaker AI only know my daddy wash the dog down, dry it down, put it back in the owner's house, you know, semi clean.
Speaker AI wouldn't say you're going to give it a full on groom charge an extra 10 quid if that was me.
Speaker AAnd little Frank was going out in the decks of winter getting covered in crap and the dog walker said vicky, an extra 10 and I'll clean them up add paid and again if they don't want to pay it, they don't pay.
Speaker AIt's not then costing you any extra.
Speaker ASo like Lee said, think of stuff that you can do that is going to charge extra because it can.
Speaker AAgain from a dog walking perspective, linking back to the diary, there's only so many hours in a day.
Speaker AThere's only.
Speaker ASo if you're one person there's only so many dog walks you can do in a day.
Speaker AYes, you can do group walks which obviously then you get more money that way but unless you do in like six or seven group walks a day, you know, how are you making that extra income?
Speaker AHow are you going to grow?
Speaker ABecause like I said there's only so many hours in the day.
Speaker ASame with the dog groomers, you can only dog groom or train so many dogs in a day.
Speaker ASo how are you going to get that extra income?
Speaker AWe've got to start thinking outside the box.
Speaker AThink about what your USP Is and you know, we see all the time.
Speaker ABut there's 17 dog walkers opened up my area, or think the was one recently with a dog groomer.
Speaker AThat said a new dog groomer's opened up.
Speaker AShe's charging 20 quid for a dog groom with free teeth cleaning.
Speaker AA, it's not going to be sustainable, so she'll go out of business within six months, so don't worry.
Speaker AB, if the clients leave to go and get their dog groomed for 20 quid, they're not the right clients for you anyway.
Speaker AAnd again, this goes back to the boundaries.
Speaker ADon't worry if someone's charged 20 quid down the road because then this client was like, oh, I'll start introducing like pick up and drop offs and so it makes it easier.
Speaker ASo then they might come back, they might come back to my salon.
Speaker AIf they want to go somewhere else and pay 20 quid, it doesn't matter what you introduce, they're going to go somewhere else because it's cheaper.
Speaker AWe don't want those clients yet, we don't want them, so just let them go.
Speaker APlus that person that's charging 20 quid for a dog room plus free teeth cleaning can only do so many in a day.
Speaker AAnd also unless they're a millionaire and doing it for shits and giggles is going to go out of business fairly soon, so don't worry about it.
Speaker ATegan's put the same goes for dog groomers, yet monthly in advance, holidays built in, no cancellation fees or holiday retainers.
Speaker APricing should be assessed and calculated on an individual basis.
Speaker AExactly.
Speaker AWhich is what we discussed a couple of weeks ago.
Speaker AEveryone's circumstances are different, but too many people compare and price match.
Speaker AAnd again, this is what we went into yesterday, yesterday, last week.
Speaker AAnd we are going off tangent slightly, but don't copy other people's prices.
Speaker AIf you take anything from these three podcasts, that is one, do not copy everybody else's prices.
Speaker AWork on your own numbers, your own profit that you want to make the salary that you want to make.
Speaker ABecause again, going back to the diary, one of the biggest myths is if I just get more clients, things are going to improve.
Speaker AIf I just get 10 more clients, if I just get 20 more clients or fill my books, if I work that extra hour and take on 10 more clients, then everything's going to be fine.
Speaker ABut then you don't factor in, that's more admin, that's more reschedule and that's more boundaries being pushed and more stress.
Speaker AOkay?
Speaker AAnd from an accountant's Point of view, low margin businesses will suffer when they grow because you're getting more clients with zero margin.
Speaker ASo all you're doing then is working harder and working more hours and not getting any more money because everything else has stayed the same.
Speaker AOkay.
Speaker ASo that will just magnify whatever is the issue in the first place.
Speaker AHigh margin flexibility, low margin exhausted.
Speaker AOkay.
Speaker AWhich is why pricing, boundaries and your capacity or diary must work together.
Speaker AOkay.
Speaker AWhere can't be.
Speaker AI'm just going to fill every slot and hope for the best because it won't work.
Speaker ASo think about this.
Speaker AIf you added 20% more clients to your books tomorrow, what do you think you'd feel?
Speaker AWould you feel stressed or would you be like, oh yes, loads more money and that'll give you an indication of where you're at.
Speaker ABecause yeah, If I added 20, 30 more clients, I think I'd be stressed.
Speaker AEspecially today when I've spent half an hour trying to find a charging point for the bloody electric car and spent went for breakfast thinking, yep, charging, brilliant.
Speaker AGot back, it disconnected after two minutes and I had to go and find another charger.
Speaker AThe joys of an electric vehicle from Lee.
Speaker AThe healthier margins, the more your business can cope with market trend squeezes.
Speaker AYep.
Speaker AAnd again, people always say January is tough for groomers certain times of month, like winter or summer holidays for dog walkers, because people tend to be off and they walk their own dogs.
Speaker ASo again, you've got to think, get your money right and then you can structure it better to cope for the times that you know are going to dip slightly.
Speaker ALouise has put stress purely for the amount of extra admin, but there we go.
Speaker AAnd this is what I said before about the extra admin.
Speaker AIt's not a case of just fill in that slot.
Speaker AYou've got to get all the numbers and everything else right first, otherwise all you're going to do is add to the pin.
Speaker ASo you've got to look at your diary, okay?
Speaker AAnd they sometimes you don't look at it and design it like to a specific thing.
Speaker AIt's kind of just evolves accidentally.
Speaker AAnd I was in that trap back when I started the Pet Accountant.
Speaker AI didn't really look at my diary and I was just plonking things in left, right and center discovery calls.
Speaker AAnd then I realized before, after about a month and hang on a minute, why am I doing so many things in a day?
Speaker AAnd my breaks disappeared, my days stretched longer, admin got pushed into the evenings and weekends and it just because I wasn't managing that diary Properly and it was managing me rather than the other way around.
Speaker ASo you've got to look at your diary deliberately.
Speaker ASo we're talking, like defined working hours.
Speaker AI'm going to work between this time and this time and I'm not going to add any other in.
Speaker ASo if Mrs. Smith rings up on Friday afternoon, says, oh, do you mind just nip and fluffy in quickly at 6:00'?
Speaker AClock?
Speaker ANo, my business hours are from this time and this time and a capped appointments per day.
Speaker ATegan was guilty of this when she was doing our discovery calls, because she does the sales calls with our potential new clients.
Speaker AAnd she was adding in at some points, like 10 or 11 in a day.
Speaker AAnd I was like, what the hell are you doing?
Speaker AAnd by the time she got to the end of the day, she was absolutely exhausted.
Speaker ASo now we've capped the number of people we take on a month and we've capped the number of people that she can speak to in one day because otherwise it's just pure exhaustion.
Speaker AProtect your admin time.
Speaker ASo again, time block, say, right, I'm going to do admin at this time on this day and block it out, okay, and have buffer space for overruns.
Speaker ASo again, when I start the pet count, I would do a appointment and it would just be like 10 till 11, 11 till 12, you know, 12 to 1.
Speaker AAnd I had no break in between.
Speaker AAnd then I was like, oh, that doesn't have time to write my notes up.
Speaker AI didn't have time to do anything.
Speaker ASo make sure again that you've got that buffer so that you're not literally going from one dog to the next dog to the next dog to the next dog.
Speaker AIf your diary is slightly less full, but you priced it correctly, it will outperform anybody else that is doing 15 dogs.
Speaker AWhether that's a walk, a groom, a train, whatever, it will outperform that person because they won't have looked at their margins.
Speaker ASo don't look at someone else.
Speaker AOh, my God, they're fully booked.
Speaker AOh, my God.
Speaker AThey're doing dogs like six, seven days a week.
Speaker ABecause you don't know what their margins are.
Speaker AYou might have.
Speaker AThey might have 15 dogs in a day, you might have six dogs in a day.
Speaker ABut you're going to be less stressed, more organized, less exhausted.
Speaker AAnd because you priced yourself right, you're probably in the end going to make more money than that person that's doing 15 dogs a day.
Speaker ASo that again, goes back to don't look at other people's prices and base it on Their prices.
Speaker ABase it on your own, okay?
Speaker AOtherwise you're just going to get paid for being busy, Right?
Speaker AAnd we need structure and we need value, okay?
Speaker ASo go and look at your diary and say, right, if my diary said exactly the same as it is now for the next year, would my life improve or would I just be absolutely super stressed?
Speaker AAnd that's a good way of looking at it and whether you should be telling yourself, I maybe need to make some changes.
Speaker ALouise, I might need to have a word of my grimace.
Speaker AShe's only charging me 40 quid.
Speaker AI don't.
Speaker AWhat dog have you got, Louise?
Speaker ALet's put it into context.
Speaker AWho knows?
Speaker ABut if you think it's cheap, then tell her.
Speaker AYou know, some people think, I mean, I told Alicia, who's our dog walker, when she first started out doing dog sits, she was charging, like, a ridiculously low amount.
Speaker ANow, when, you know, we weren't friends at that point, it was more of a business transaction.
Speaker ABut me and Tegan used to give her more money.
Speaker AWe'd give her money to go and buy a Chinese or whatever while she was dog sitting because it was just too cheap.
Speaker AAnd she felt really awkward when we said to her when we came back, like, alicia, you need to sort your prices out.
Speaker ALike, you need to be charging more.
Speaker ALike, it's almost criminal that that's all you've charged us.
Speaker AAnd we felt the need to give her more money because it was just daft.
Speaker AI think it's important to screen your inquiries more.
Speaker ADon't just book anyone in.
Speaker AQuality over quantity.
Speaker AAgain, really good tip there from Tegan.
Speaker AAnd that goes for anybody.
Speaker ALouise sent her Vicky's pricing podcast.
Speaker AYeah, exactly.
Speaker ADon't just book anyone in.
Speaker AQualify the calls on the phone, make sure that you ask them the questions, make sure that they're in line with your values, with how you want to work.
Speaker AAnd if they're difficult on the phone from minute one, just tell them to go somewhere else.
Speaker AYou can do it politely and just say, look, I actually don't think you're the person for me.
Speaker AI don't think we're the dog groomer for you, the dog trainer for you, but actually, there's three others that I can recommend to you that you can go and speak to.
Speaker AIt's your business, you can do that, you can do what you want, but you don't want difficult customers.
Speaker AAgain, they're the ones that are going to book a slot in and then change it, and then change it, cancel it, change it, not pay for days on end.
Speaker ASo Again, screen your calls and your inquiries better.
Speaker AWe want quality over quantity, peoples.
Speaker AYes.
Speaker ADee's put work smarter, not harder.
Speaker AExactly.
Speaker AWe all want to be working smarter, not harder, especially in this day and age with prices and things going through the roof and it all boils down to the numbers.
Speaker AGetting those pricing right will make a huge difference to your back pocket and it will make you less stressed.
Speaker AEveryone's guilty of it, no matter what job you do.
Speaker AMe and Lee have done it before, you know, now we're changing how we work slightly where we're qualifying clients more, we're not taking on as many, and we are being a bit more selective because, again, we've only got so many hours in a day.
Speaker AWe can't take every single person that inquires with us.
Speaker AEvery month we get 30 to 50 inquiries a month and we physically can't do that many unless we just kept getting staff member after staff member after staff member, which just isn't a good working model.
Speaker ASo we're being a bit more selective, we're qualifying people more and we're taking on a set number of clients every month.
Speaker ASo that means Tegan can plan her diary properly.
Speaker AWe know as a company we can plan that.
Speaker AYou know, if we take on so many a month, this is how we need to plan moving forward.
Speaker AAnd it works with every other business as well.
Speaker ALiz put having an end goal also help you run your business.
Speaker AThe decisions you make will shape it towards that end goal.
Speaker AAnd again, this is why we're doing a goals seminar as part of the success series for the Expo, which will be starting next month.
Speaker AWe're going to go through goals because again, if you don't have a goal, what we're working towards, it could be any goal.
Speaker AIt could be, I want to earn this much turnover by the end of the year.
Speaker AI want to have had quality over quantity of clients.
Speaker AIt could be anything, but you need something to strive to, otherwise you kind of lose your way and go a bit all over the place.
Speaker AMainly make goals every April without fail.
Speaker AWe also have a to do list, which we've never actually completed in three years, but this year is different.
Speaker ABut we always have a goal and if we don't hit it for whatever reason, then we know we have to look back and go, well, what have we done?
Speaker AOr what should we have done?
Speaker AAnd what can we do to tweak that to make sure that we hit it next time?
Speaker ASo goals are massively important.
Speaker ASo if you're wanting to attend the expo on the 3rd of October if you get your ticket before January 31st, then you will be included in that success series where we'll be doing webinars like this, like the pricing one, like the boundaries one, to make sure that by the time we get to the expo in October, everyone has tightened everything and we're going to be absolutely flying.
Speaker ASo make sure that you get your ticket before the 31st, because the first seminar is going to be in February.
Speaker AIf you get it after that, obviously you can't be included because we've already started.
Speaker ASo if you want to do that, make sure you get your ticket.
Speaker APetroexpro.co.uk you can get your ticket from there.
Speaker AAnd I've divulged with all the comments, which is amazing, guys, keep it up because it really helps people.
Speaker AI know the pricing podcast I did a few weeks ago, it's gone absolutely nuts with, with people listening to it and hopefully getting their pricing right.
Speaker ASo some people think growth is more clients, longer hours, more services, but it's not.
Speaker AThat's what you've got to have the mindset shift.
Speaker AIt's your profit margins, it's your better systems you put in and your sustainable workloads.
Speaker AA lot of pet business owners are run ragged because they're working so many hours, because they think more clients equals more money, which is better.
Speaker ABut if you haven't got those profit margins right, it ain't gonna work.
Speaker ASo before you take on staff, before you get that second salon, before you do anything, make sure that your prices are correct, make sure that your boundaries are in play and they're enforced, and make sure that the capacity you have is actually profitable.
Speaker ABecause again, we see so many people that have a second salon or get another staff member in or, you know, hire a subcontractor to do extra dog walks because they think that that's the answer.
Speaker ABecause I can just more dogs in.
Speaker ABut sometimes if they just price themselves better, you would actually make more money in that one salon or just yourself than spending the expense of getting a second venue or a second person in.
Speaker ABecause that's what they think the answer is.
Speaker ABut it's not just because their prices aren't correct.
Speaker ASo again, that's something that you've got to think of before you make that decision is, have I got my pricing right?
Speaker AHave I got my boundaries right before I go and get that second venue, before I get that second staff member?
Speaker ABecause it won't.
Speaker AThe growth won't fix anything that's not being fixed in the foundations.
Speaker AAll it's going to do is magnify the issue.
Speaker ASome of the healthiest businesses we work with as an accountant aren't the biggest.
Speaker AYou know, we have groomers that are fat registered and that they're sole groomers.
Speaker AYou know, we've got dog walkers that are fat registered and there's only one of them.
Speaker AAnd they think, well, people probably think, well, how are they doing that?
Speaker AAnd it's all about the numbers and the prices.
Speaker ASo maybe just look at, you know, what is going to be enough and just work backwards and look at the figures and think, well, actually if I just tweak this and that's going to make me an extra 500 pound a month.
Speaker ABosh, done.
Speaker ASo the growth side is not always necessarily the answer.
Speaker AWell, is Lee's very chatty today.
Speaker AAttending seminars and self improvement should be seen as an investment, not cost 1, quadrillion percent.
Speaker AMake sure when you spend money, if money is tight and you think, right, I've only got, let's say £500 this year to spend on going out of the business.
Speaker ASo that could be seminars, you know, teaching cpd, whatever it may be, and make sure that you're spending that money wisely.
Speaker AIs going to a grooming seminar to learn how to groom a certain dog, is that gonna help me make more money?
Speaker AObviously sometimes you might go there because you specialize in that dog and absolutely fine, but is that going to make you more money?
Speaker AIs doing another training course in whatever it may be going to help my business and make more money?
Speaker AIf the answer is no, then that is a luxury that you're doing and not a necessity.
Speaker ALook round.
Speaker ACould it be that your marketing isn't as on point as you'd like it to be?
Speaker ASo maybe we look at Charlotte's membership, you know, for, I don't know how much it is, 20, 30 quid a month?
Speaker AShe's going to help you with the marketing.
Speaker AThat's the sort of thing I'd be looking at.
Speaker AYou know, could I have a business coach like Bill?
Speaker AAm I better spending the money on him than going spending 500 pound going to an award show?
Speaker AWho knows?
Speaker AYou've got to look at it from a business point of view.
Speaker AI missed that one.
Speaker ANeed to go back and look for it if you want.
Speaker AAbout the pricing and boundaries podcast, you'll find them on Spotify.
Speaker AJust type in the pet accountant podcast and make sure you follow.
Speaker AAnd then if you miss one of these lives, these always go live on the podcast every Monday, so you won't miss them for me.
Speaker AFrom Louise, I Want to have more time for myself and having a small team to provide cover and consistency for the clients is my goal.
Speaker AYeah, if your ultimate goal, Louise, is to step back, then obviously you're going to have the staff there to take over it.
Speaker ABut again it's looking at your numbers to make sure that that staff member is going to make you money and then eventually you're going to be able to step back.
Speaker ATeegan is only £31.50amonth to attend the Pepper Expo for six months.
Speaker AShe pays more in takeaways, which I can confirm she absolutely does spend more on takeaways than 30 quid a month for six months.
Speaker AOr you can watch it online.
Speaker AIt gets live streamed for £16amonth for six months.
Speaker ASo we're not talking big books and is a business expense and we're going to have a networking party on the Saturday.
Speaker ASo you're going to make lots of new friends.
Speaker ASo check it out, the new website is coming very, very soon.
Speaker AI'm very excited to release that, but we'll let you know when that is live.
Speaker ASo let's just remember before the I wrap this up, when you price yourself correctly, you enforce the boundaries, you design your diary capacity deliberately, you're going to start controlling your business more, which means you're going to start controlling the money more, which means you're going to have more money in your back pocket, which is the ultimate goal.
Speaker AAnd also you're going to have a sustainable business.
Speaker AThe ones that pop up and charge 20 quid for a groom or five pound to walk your dog, they will not last, okay?
Speaker AUnless they've got a millionaire husband or wife or whatever there may be, but they won't last because it's not sustainable.
Speaker ASo just stay in your lane, ignore everybody else and it doesn't matter if they pop up.
Speaker AAnd if your clients leave and go to them down the road for 20 quid, then just let them go.
Speaker AAs Mel Robbins says, let them.
Speaker ASo my new quote of the year, just let them crack on.
Speaker ASo homework is for this week is to go and look at your diary and let's try and make one change to protect your capacity and so you're not working 50 hours a day, seven days a week.
Speaker AAll right, so that is your homework for today and we will be back.
Speaker AI say we.
Speaker AThis is only me.
Speaker AI will be back next week.
Speaker AA lot less stressed because the tax year ends in three days.
Speaker ASo if you haven't submitted your tax return, please make sure you do it well in advance of the 31st, because you have to submit and pay your tax bill by the 31st.
Speaker ASo if you pay on the 31st, it takes three or four days to clear.
Speaker AYou will get a late filing penalty.
Speaker ASo make sure.
Speaker AI'd be doing it now, don't leave it any later.
Speaker AYou've got until 31st and then the next deadline will be April for the end of the 25, 26 tax year and the fund starts again.
Speaker ASo we've got February, March to have some fun.
Speaker AWe'll be doing more of these podcasts.
Speaker AI'm going to be doing the Success series webinars with the Expo attendees, so we're going to get down with that.
Speaker AAnd we will be at Crufts as well as usual for the fourth year.
Speaker AI think fourth or fifth year will be at Crufts Hall 1, stand 72.
Speaker AWe'll sort of like plonked in the middle, so make sure that you come and say hello and we'll always have a bit of Prosecco and a bit of no Seco there if you want to have a.
Speaker ACome and have a little cheeky glass of fizz with us and say hello.
Speaker AIf you're a client, come and say hello.
Speaker AIf you have a client, come and say hello.
Speaker AAnd it'd be nice to see everyone, Louise has put, yes, boss, I will.
Speaker AThis has been extremely helpful.
Speaker AThank you.
Speaker AWelcome, Louise.
Speaker ADebbie's put, I've just refused my first ever dog in six years.
Speaker AI feel amazing.
Speaker AWorking smarter, not harder.
Speaker AExactly, Debbie.
Speaker AGo, Debbie.
Speaker AEveryone, look at Debbie's comment.
Speaker AIf you're listening, Debbie has refused her first ever dog in six years.
Speaker AWell done, Debbie.
Speaker AWe don't want nightmare clients.
Speaker AThat's what we don't want.
Speaker AWell, I actually own.
Speaker AWhen do I pay it, Claire?
Speaker AOn the bottom of your tax return document, it tells you how much it is and you need to pay it now to make sure that it clears in time.
Speaker AI as soon as I got off this live, I will check for you and I will drop you an email or a message just to let you know, Emily.
Speaker AYes.
Speaker ASee you at Crofts.
Speaker ASo, yes, fabulous.
Speaker APlease, please, please do the homework at the end of these last three webinars, I've given you some homework to do, so please do it and then let me know how much it's changed after the month's end.
Speaker AAnd if you haven't got your Expo ticket, it's still three days to be involved in the Success series where we'll be doing webinars like this, but in a bit more detail and we'll be holding everyone accountable to getting the shit done that we do in the webinar in time for October when we can have the networking party and have a few drinks and meet some amazing speakers.
Speaker ASo make sure you don't miss out on that.
Speaker AYou can pay monthly so you can spread the cost out.
Speaker AJust gotta let us know.
Speaker AAnd Emily, I hope you're wearing the doggy dungarees as Tegan said, but no.
Speaker AThank you guys.
Speaker AI hope you enjoyed watching it.
Speaker AThis will go live on the podcast on Monday so spread it far and wide.
Speaker AIf you've got any friends that you think would value listening to it, especially the price and one I'm glad Debbie, do it.
Speaker AI'm proud of you Debbie.
Speaker AWe'll do the next one next week.
Speaker AI don't know what I'm going to do next week.
Speaker AMaybe something around clients and we'll see what comes up.
Speaker ABut I will look forward to seeing you next week less stressed and in Crufts mode.
Speaker AAnd yeah, we'll see you all next week.
Speaker AHave fun, make lots of money.
Speaker AKeep those receipts and we'll see you next week.
Speaker AAnd yeah, bye guys.
Speaker AHave fun.
Speaker AThanks for listening to the podcast.
Speaker AI hope you found it helpful.
Speaker AMake sure you hit that subscribe button so you don't miss out on our weekly podcasts.
Speaker ABig thanks to Low Pay, who are the best payment platform out there.
Speaker AMake sure you click that link.
Speaker ASee you next week.
Speaker ASam.