The Leaky Bucket
The Leaky Bucket
Ian Morgan
Uncovering the Truth Behind Entrepreneurship: A Behind-the-Scenes Look at the Challenges and Triumphs of Business OwnersThe leaky bucket podcast takes a look behind the scenes of entrepreneurs' businesses into what really happens and goes on.  We uncover the real truth rather than the social-media-ready posts that make things look amazing.  We uncover and understand the trials and tribulations that business owners face and what it takes to go from challenge to challenge with renewed vigour.In this series, we'll dive into the nitty-gritty of how we started our business, the obstacles we faced, and the processes we developed to overcome them.  We'll share our experiences and lessons learned, giving you a real-world view of what it takes to build a successful business.  Not only that we will provide real insight into the challenges and the successes happening right now as we live them.We might be accountants but this isn’t about accounting.  This is about owning a business, the resilience required to overcome the constant challenges and how to take you and your business to new levels that you have never been before.We know that running a business can be tough, but it's also rewarding. Our hope is that by sharing our stories, we can help you to navigate the challenges and also ensure you celebrate the victories.
EP 53: How Navigate Business Challenges in a Changing Economy
🎙️ Tune in to our latest episode for a rollercoaster ride through the world of business growth and financial savvy. We're deciphering the secrets behind inflation, unraveling smart business strategies, and giving you a sneak peek into our playbook for staying financially fit.💡 Ever wondered how the Bank of England's interest rate dance affects your pocket? We're spilling the beans on how these moves play into the inflation game and what it means for businesses like yours.🤔 Curbing spending to tackle inflation? We're diving into the tactics and exposing the impact of short-term finance choices. Brace yourself for some eye-opening insights.🎩 Step behind the scenes with MBS Accountants as we share our secret sauce for thriving amidst inflation. Creative strategies, alternative solutions – it's all on the table.🗣️ Join the conversation as we explore handling pricing changes and share your own innovative approaches. Don't miss this episode – your business's success is waiting.🚀 Ready to crack the code and take your financial game to the next level? Hit play now and get ready for a journey that will leave you hungry for more. Your business deserves it.# inflationinsights #business strategies #financial fitness #interest rate impact #curbingspending #smartfinancechoices #thrivingininflation #MBSAccountantsstrategies #innovativepricingapproaches #business success #financialjourney #cracking the codeHIT PLAY NOW! Enjoy Listening and may your Business KEEP THRIVING!...ACTUALLY, we have a BONUS EPISODE every Episode we release here, where I dive deeper on some interesting topics touched by our guests that I felt like "needed" more elaboration for you my listeners. Do you want free access to it? Go here.The Leaky Bucket CommunityTo get in touch, please find us online here: Know your Business Financial Health? Check this Score CardIan's LinkedIn AccountThe Leaky Bucket Youtube ChannelMBS Accountants Website
Aug 21, 2023
40 min
EP 52: This is the Secret Sauce of our Business - pouring some on you!
Get ready to unlock the ultimate guide to cultivating an irresistible company culture, igniting purpose, and achieving financial excellence.Whether you're a business owner, entrepreneur, or curious explorer of success, this episode promises actionable insights that will leave you inspired and ready to take your business to new heights.🔍 Cracking the Code: Uncover the mystery of creating a winning company culture that sets the stage for unparalleled success. Discover the unspoken connection between a strong culture and financial performance that goes beyond the surface.🌟 The Power of Purpose: Journey behind the scenes of our hosts' own company transformation. Learn how a clear and compelling purpose can revolutionize your business decisions, drive growth, and empower everyone involved.⚖️ Balancing Act: Unveil the secrets of maintaining a harmonious work-life equilibrium. Discover how a flexible work environment, built on trust and metrics, can revolutionize your team's productivity and satisfaction.Tune in now and be prepared to embark on a journey of discovery. Don't forget to subscribe and leave a review to stay in the loop with our latest episodes. Your journey to business success starts here!Enjoy Listening and may your Business KEEP THRIVING!...ACTUALLY, we have a BONUS EPISODE every Episode we release here, where I dive deeper on some interesting topics touched by our guests that I felt like "needed" more elaboration for you my listeners. Do you want free access to it? Go here.The Leaky Bucket CommunityTo get in touch, please find us online here: Know your Business Financial Health? Check this Score CardIan's LinkedIn AccountThe Leaky Bucket Youtube ChannelMBS Accountants Website
Aug 14, 2023
26 min
EP 51: Here's what you can do to Spread the Risks on your Business' Finances
**Banks have the ability to freeze your account**Credit cards can face system failuresIn the premiere episode of Season 4 of THE LEAKY BUCKET PODCAST, Sam and I primarily delved into a leak experienced by one of our clients: Business Credit Card System Error and how it left the client obviously with a significant number of issues.Here's what you can do to diversify the risks and mitigate further leaks.To achieve less risk, less stress, more success to your business and your personal life.Enjoy Listening and may your Business KEEP THRIVING!...ACTUALLY, we have a BONUS EPISODE every Episode we release here, where I dive deeper on some interesting topics touched by our guests that I felt like "needed" more elaboration for you my listeners. Do you want free access to it? Go here.The Leaky Bucket CommunityTo get in touch, please find us online here: Know your Business Financial Health? Check this Score CardIan's LinkedIn AccountThe Leaky Bucket Youtube ChannelMBS Accountants Website
Aug 7, 2023
29 min
EP 50: Inside the Dynamic Duo - A Glimpse into Working and Living Together - A Special Episode with Sam
Welcome to a truly special episode of The Leaky Bucket Podcast! In this milestone 50th episode, we have a unique treat for our listeners. Joining us today is none other than Sam, my wife and fellow director of MBS Accountants. We'll be offering a rare insight into our dynamics as both business partners and life partners.Balancing Business and Home Life: Sam and I discuss how we manage to maintain some degree of separation between our business and home lives despite spending a lot of time together. We share how we prioritise family time and strategic planning to keep things on track.Roles within the Company: Sam's role focuses on running the company smoothly, managing staff, and improving processes. On the other hand, my role centers around business development, networking, and generating connections to drive growth.Complementary Strengths: We reveal how we learned to recognise and embrace each other's strengths, helping us find a balanced approach to decision-making. The book Rocket Fuel played a key role in helping us understand our individual roles as a visionary and an integrator.Building a Successful Team: We talk about the challenges of hiring and creating a successful team. While it may be difficult at first, hiring the right people can help a business grow significantly.Blending Personal and Business Relationships: Working together as a couple has its challenges, but we've learned to pick our battles and respect each other's roles. Open communication and understanding have been crucial in maintaining a healthy balance.Season 4 Changes: We introduce the exciting changes coming in Season 4 of The Leaky Bucket Podcast. Each episode will now feature segments like "Leak of the Week," "Winner of the Week," "Buzz of the Week," "Pick of the Week," "Peek Behind the Curtain," and "Power Move."The Power Move: Sam will be joining me for the rest of Season 4, bringing her unique insights and perspective to explore various aspects of the company and its growth.As we embark on this new journey together, we hope to provide you, our listeners, with valuable content and a deeper understanding of how we operate as business owners and as a couple. Stay tuned for more exciting episodes filled with practical tips and strategies for your business growth!Thank you for tuning in to this special 50th episode of The Leaky Bucket Podcast. We're grateful for your support and excited for the new season ahead. Be sure to subscribe to the podcast and leave a review if you enjoyed this episode. Connect with us on social media for updates and engage with us by sharing your thoughts and questions. Until next time, keep plugging those leaks and keep growing!Follow us on social media#TheLeakyBucketPodcast #BusinessGrowth #Entrepreneurship #PodcastChanges #PowerMoveEnjoy Listening and may your Business KEEP THRIVING!...ACTUALLY, we have a BONUS EPISODE every Episode we release here, where I dive deeper on some interesting topics touched by our guests that I felt like "needed" more elaboration for you my listeners. Do you want free access to it? Go here.The Leaky Bucket CommunityTo get in touch, please find us online here: Know your Business Financial Health? Check this Score CardIan's LinkedIn AccountThe Leaky Bucket Youtube ChannelMBS Accountants Website
Jul 31, 2023
30 min
EP 49: The Time Trap: Business Owner vs. Business Operator
In this installment, we tackle a common challenge faced by many business owners: UNDERVALUING THEIR OWN TIMEWhile initially driven by a passion to fill a market gap and excel in their field, business owners can find themselves stuck in the day-to-day operations, overlooking their true worth as strategic thinkers and leaders. Join us as we explore practical steps to transition from being a mere business operator to a fully empowered business owner. By examining our time allocation and prioritising high-value and high-leverage tasks, we can redefine our roles, unlock our potential, and steer our businesses towards long-term success. Stay tuned as we uncover the secrets to recognizing and optimizing the true value of our time as business owners. Let's dive in!#timemanagement #undervalued #businessowner #theleakybucketpodcast #mbsaccountants#gloucestershireEnjoy Listening and may your Business KEEP THRIVING!...ACTUALLY, we have a BONUS EPISODE every Episode we release here, where I dive deeper on some interesting topics touched by our guests that I felt like "needed" more elaboration for you my listeners. Do you want free access to it? Go here.The Leaky Bucket CommunityTo get in touch, please find us online here: Know your Business Financial Health? Check this Score CardIan's LinkedIn AccountThe Leaky Bucket Youtube ChannelMBS Accountants Website
Jul 24, 2023
15 min
EP 48: How to determine my business's worth: An MBS Accountants' Guide to Assessing and Maximizing Your Company's Worth
In this episode of our Insider Series, we delve into the importance of knowing your business's worth and the client selection process. We discuss the evolution of the client process and how it has changed over time. We share insights with MBS Accountants on why it became necessary to be more selective with clients and the benefits of implementing a specific selection process. We explore the concept of identifying ideal clients based on their value and compatibility with your business. Additionally, we discuss the impact of understanding your worth on creating a successful and focused business.Topics also covered in this Episode are:The Evolution of the Client ProcessImplementing a Specific Selection ProcessCreating a Defined ProcessAvoiding Missed OpportunitiesKnowing Your Worth and Business's WorthConsolidating Worth and ValueHiring the Right FitEnjoy Listening and may your Business KEEP THRIVING!...ACTUALLY, we have a BONUS EPISODE every Episode we release here, where I dive deeper on some interesting topics touched by our guests that I felt like "needed" more elaboration for you my listeners. Do you want free access to it? Go here.The Leaky Bucket CommunityTo get in touch, please find us online here: Know your Business Financial Health? Check this Score CardIan's LinkedIn AccountThe Leaky Bucket Youtube ChannelMBS Accountants Website
Jul 17, 2023
20 min
EP 47: The birth of MBS Accountants and the story behind it
I could've been a pilot or a medical emergency responder, but looking back, I wouldn't change a single thing. I'm not one to dwell on regrets; I'm more of a "get on with it now" kind of person. However, there is one thing that I do regret not doing sooner, and I talk about it in this episode.Come and join us as we share the journey of how the ONLY Business Growth Consultancy and Accountancy in Gloucestershire came into existence, along with our experiences before it.Make sure you tune in to The Leaky Bucket Podcast where we discuss this fascinating story and much more. Don't miss out!#MBSAccountants #AccountingLife #BusinessGrowth #Gloucester #Foundation #TheLeakyBucketPodcast #AccountingServices #Business #FinancialLiteracyEnjoy Listening and may your Business KEEP THRIVING!...ACTUALLY, we have a BONUS EPISODE every Episode we release here, where I dive deeper on some interesting topics touched by our guests that I felt like "needed" more elaboration for you my listeners. Do you want free access to it? Go here.The Leaky Bucket CommunityTo get in touch, please find us online here: Know your Business Financial Health? Check this Score CardIan's LinkedIn AccountThe Leaky Bucket Youtube ChannelMBS Accountants Website
Jul 10, 2023
32 min
EP 46: Maximising Success: The Vital Role of Mastermind Groups for Business Owners
Look at what this thing did to us! Does joining a MASTERMIND truly offer benefits, or is it simply an additional expense for a business? Join us on the Leaky Bucket Podcast as we delve into the world of mastermind groups and explore their purpose for business owners like ourselves. In this episode, we share our personal experience with the mastermind journey, including how it impacted our relationship with Sam (my dear wife) and the CHANGES within our business. Did it affect us in a positive or negative way? Listen to find out!The episode is now Live!#theleakybucketpodcast #mastermindgroup #businesshelppodcast #businessowner #gloucestershire #mbsaccountants #accountingfirm #Accountants #businesstipsEnjoy Listening and may your Business KEEP THRIVING!...ACTUALLY, we have a BONUS EPISODE every Episode we release here, where I dive deeper on some interesting topics touched by our guests that I felt like "needed" more elaboration for you my listeners. Do you want free access to it? Go here.The Leaky Bucket CommunityTo get in touch, please find us online here: Know your Business Financial Health? Check this Score CardIan's LinkedIn AccountThe Leaky Bucket Youtube ChannelMBS Accountants Website
Jul 3, 2023
27 min
EP 45: The Path to True Financial Freedom: It's not all about Finance!
FINANCIAL FREEDOM IS NOT ALL ABOUT FINANCE!In this episode, we delve into the concept of FINANCIAL FREEDOM and explore its multifaceted nature. I share my insights on how financial freedom extends beyond mere monetary success. Join us in this thought-provoking episode as we discover the true nature of financial freedom. Together with me and Liv, we explore the importance of balancing family and work, redefining success, embracing challenges, and taking the necessary steps toward achieving our personal and business financial goals.Remember, true Financial Freedom is more than just money—it's about creating a life of fulfillment and purpose.#FinancialFreedom #youdefineyours #mbsaccountants #theleakybucketpodcastEnjoy Listening and may your Business KEEP THRIVING!...ACTUALLY, we have a BONUS EPISODE every Episode we release here, where I dive deeper on some interesting topics touched by our guests that I felt like "needed" more elaboration for you my listeners. Do you want free access to it? Go here.The Leaky Bucket CommunityTo get in touch, please find us online here: Know your Business Financial Health? Check this Score CardIan's LinkedIn AccountThe Leaky Bucket Youtube ChannelMBS Accountants Website
Jun 26, 2023
31 min
EP 44: Financial Clarity Unleashed: The Blueprint to Financial Freedom
Get ready for an insightful episode of the Leaky Bucket podcast! Join me as I unravel the secret to financial clarity for business owners. Discover how to gain a clear understanding of your business's financial performance without the need for an accounting degree. Financial clarity is crucial for business owners to make informed decisions and take responsibility for their business's financial performance.It involves understanding financial reports, concepts, and strategies without becoming an accountant.Building a culture of financial clarity requires open communication, sharing information, and simplifying complex financial data.Enforcing financial clarity involves client meetings, video reports, and proactive engagement to ensure understanding and informed decision-making.I also shared practical tips on fostering a culture of knowledge, leveraging user-friendly graphs, and conducting regular meetings for enhanced understanding. Stay tuned to unlock the power of financial clarity and take your business to new heights!Enjoy Listening and may your Business KEEP THRIVING!...ACTUALLY, we have a BONUS EPISODE every Episode we release here, where I dive deeper on some interesting topics touched by our guests that I felt like "needed" more elaboration for you my listeners. Do you want free access to it? Go here.The Leaky Bucket CommunityTo get in touch, please find us online here: Know your Business Financial Health? Check this Score CardIan's LinkedIn AccountThe Leaky Bucket Youtube ChannelMBS Accountants Website
Jun 12, 2023
24 min
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