The Leaky Bucket
Most service businesses are leaking profit — through costs they've stopped questioning, margins they've never properly tested, clients they've quietly lost, and revenue they've never asked for.
The Leaky Bucket is the show where we open a real business file and find out exactly where the money is going.
Each episode, Ian Morgan — Group CEO of MBS Accountants — works live through the finances of a real service business scenario. One company. Four sessions.
Costs, margins, churn, average order value. Every leak identified. Running total revealed.
No theory. No frameworks. Just numbers — and what they tell you when someone actually looks.
If you're running a service business turning over £500k to £10m and your accountant has never shown you this, this show is for you.
The numbers always reveal the leak.
The Leaky Bucket
RANK 33: Human Resource - Don't Leave It Too Late and Expose Yourself to Unnecessary Risks with Avensure HR
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So today, we have with us Ben Cuncarr and Adrian Wilkinson from AVENSURE HR.
Now, AVENSURE is an HR service and product that's designed for small businesses. And if you don't know, there were some massive changes to HR in 2020, but they sort of went a bit under the radar because obviously, we had this little thing called Covid.
But those changes mean that if you haven't updated your policies since then, the chances are you are probably pretty much higher date in terms of your policies and procedures.
And we also delve into the fact that if you are an employer and you don't have any policies or procedures or anything in place, you're just opening yourselves up to #RISK that you really don't need.
BEEN THERE, DONE IT.
We once ended up in a situation where there was a disagreement, but we lacked a degree of policies and procedures to back ourselves up in terms of what we were gonna be able to do to rectify the situation.
So, Really delve in today and just get under the fact of HR is not a "reactionary" service. Ben highlights this within the interview as well.
It shouldn't be a reactionary #service. It should be something that you build into your business every day to reduce the risk profile of your business so you don't end up exposed unnecessarily.
If you like to learn more on what Adrian and Ben do, head on to their business' socials:
Website
LinkedIn
Youtube
Facebook
We hope you enjoyed this episode
You can find out more about us using the links below
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Ian's LinkedIn Account
The Leaky Bucket Youtube Channel
MBS Accountants Website