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Uncovering the Truth Behind Entrepreneurship: A Behind-the-Scenes Look at the Challenges and Triumphs of Business Owners
The 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.
68 Episodes
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**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.Supp...
In this engaging episode of The Leaky Bucket Podcast, hosts Sam and I (Ian), owners of MBS Accountants, open up about the realities of entrepreneurship. We share our personal experiences and the challenges we face as business owners, including a recent sound issue that disrupted their podcast recordings.You will gain valuable insights into the resilience required to overcome setbacks in business and the importance of maintaining mental strength. Sam and I also reflect on the rapid passage of ...
🎙️ 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...
Welcome back to another engaging episode of the Leaky Bucket Podcast with your hosts, Ian and Sam, hailing from beautiful Gloucester, England. In this episode, we dive into the importance of processes within a business, how they can streamline operations, and ultimately reduce stress. Ian shares his newfound appreciation for well-structured processes and how they've made a significant impact on their recent business endeavors.But that's not all! We also take you on a behind-the-scenes jo...
Join us for a juicy discussion on making your business self-managing instead of exiting! Plus, we're sharing our experience with a sudden team member resignation after just 2 months. Most importantly, we dive deep into the crucial topic of mental health for business owners and HR.We want to feature your question on our next episode! Email us at podcast@mbsaccountants.co.uk. Let's keep the conversation going! #MBSAccountants #BusinessTalk #PodcastMilestoneSupport ...
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 be...
Welcome to another enlightening episode of #TheLeakyBucketPodcast, hosted by Ian and Sam Morgan, the Accounting Firm Director Owner of MBS Accountants and a seasoned business growth coach.In today's episode, we're diving deep into the heart of business, discussing a topic close to every business owner's heart: "The Love Language of Business." ❤️Have you ever thought about how love and business intertwine? It might seem unusual, but trust us, it's a match made in entrepreneurial heaven. J...
In this Episode Sam and I talked about one of the ODDEST SITUATION we have encountered in our Business Life. Time Stamps:1:16 Leak of the Week: Receiving a Negative Review from a Non-Client -business owners, pick your clients!7:52 Epic Win of the Week: Business Forecasting with one of our Clients9:56 Pick of the Week: a wonderful book by KIM SCOTT about Honesty - Sam living it15:57 Buzz of the Week: Contactless Payments - how does it affect us/others?21:07 Peak Behind the Curtain: Backpa...
In this lively episode of #theleakybucketpodcast, we're tackling a common headache for business owners - the chaos that ensues without a cash flow forecast. We've got the antidote: "How to Create a DIY Cash Flow Forecast in 3 Simple Steps."Picture a world where you can predict, plan, and prosper. That's what a cash flow forecast does for your business. Join us as we break down the process into three super-easy steps that anyone can follow.Here's why you don't want to miss this: A cash fl...
In this exclusive episode, courtesy of Thrive Financial Coaching...we've got a treat for you. We're diving into the top 5 MUST-READ business books, handpicked by our very own business guru hosts, Ian and Sam Morgan. These two have been in the business game for 15 years, and they've combed through countless books to fuel their success. Join us in this episode as they spill the beans on their all-time favorites, the ones that have supercharged their own business journey.#businessbooks...
Podcast Description:In this episode of The Leaky Bucket Podcast, we dive deep into the signs that indicate your business is on the path to significant growth. Episode Breakdown:Introduction (0:00 - 3:30)Welcome and brief overview of the episode.Importance of recognising signs of growth in your business.The Leak of the Week: Transitioning from 'Me' to 'We' (3:30 - 13:15)Discussing the transition from being the face of the company to promoting the brand.The challenge of letting go of clien...
Tune in for an engaging discussion that touches on the 1. nuances of business communication- They share a real-life email exchange where an email's tone was ambiguous. 2. value of teamwork-the role of core values in teamwork, and the power of alignment within a team. all while enjoying some humorous anecdotes from Sam and Ian's holiday mishaps! Don't miss this episode where they reveal a significant challenge they faced and discuss how they addressed it with a fresh perspective.Reme...
Welcome to the Leaky Bucket Podcast, Season Three! In this season, we're taking a closer look at the truth behind entrepreneurship by providing a behind-the-scenes perspective on the challenges and triumphs of business owners, including our own business, MBS Accountants.In this first episode of Season Three, Episode 38, titled "Mastering the Future," we're giving you an inside look at the strategic planning process that we use here at MBS Accountants. We'll be taking a trip down memory l...
Join us as we explore the world of effective recruitment strategies and successful onboarding in building a winning team, with insights from the experts at MBS Accountants.Introduction to the importance of effective recruitment strategies and successful onboarding in building a winning teamDiscussion on the various techniques used by MBS Accountants for effective recruitment strategies, including job postings and social media outreachInsights on the importance of values and personality fit, i...
Welcome to the latest episode of the Leaky Bucket Podcast! Join Ian as he unveils the secrets to gaining financial control and harnessing its power for your business. Discover the game-changing impact of up-to-date and accurate financial information. Financial control is not just about knowing where the money is; it's a dynamic tool for smarter decision-making.Say goodbye to viewing bookkeeping as a dull chore. Financial control brings clarity, empowering you to navigate c...
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 ...
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. Additio...
Are you struggling to achieve peak performance in your work or personal life? Look no further! In this episode, we dive deep into the art and science of performance monitoring, providing you with the tips and tricks you need to maximize your efficiency. From understanding the metrics that matter to implementing effective monitoring strategies, we'll equip you with the tools to unlock your full potential. Don't miss out on the secrets of performance monitoring – tune in now!Support the Show.En...
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...
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 T...
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