Chester Centurions Podcast with Ellis & Co

In this episode of the Chester Centurions Podcast, I sit down with John Farrell, Partner at Ellis & Co Chartered Accountants, to discuss the realities of running a business, financial planning, and the key strategies business owners need to stay ahead.We cover:🔹 The growth of Ellis & Co from a small firm in 1989 to a thriving accountancy practice with offices in Chester and Wrexham🔹 The common misconceptions about running a business, including why it’s not always as easy or profitable as it looks from the outside🔹 Why understanding your numbers is critical for business success and the biggest financial mistakes business owners make🔹 The importance of financial forecasting, budgeting, and cash flow management🔹 How to stay adaptable in a changing economic landscape, from tax changes to digital accounting requirements🔹 The biggest pitfalls for startups and how to avoid them, from unrealistic financial projections to taking on unnecessary costsJohn also shares his top three pieces of advice for business owners, including:The importance of realistic financial planningWhy keeping overheads low is crucial in the early daysHow to handle business partnerships and shareholder agreements the right wayThis episode is packed with practical financial advice for business owners and entrepreneurs who want to grow sustainably while avoiding common financial traps.Tune in to gain valuable insights and learn why knowing your numbers is the foundation of business success.Watch now and subscribe to the Chester Centurions Podcast for more expert business insights!#BusinessFinance #Entrepreneurship #KnowYourNumbers #ChesterCenturions #AccountingTips