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
Top 10 Things Business Owners Should Look for in Clear, Easy-to-Understand Management Accounts
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In this episode, we dive into the top 10 things every business owner should know when it comes to making sense of their management accounts. These reports are key to understanding the financial health and performance of your business, but often they can feel overwhelming or unclear.
We’ll break down:
•The importance of accuracy and timely reporting
•Why cash flow statements and profit and loss overviews are crucial tools for decision-making
•How to leverage KPIs, trend analysis, and variance reporting to steer your business in the right direction
•Why clear balance sheets, segmental reporting, and user-friendly formats can make all the difference
Whether you’re running a growing company or just want to understand your numbers better, this episode will help you simplify your financial reporting and make better, data-driven decisions for your business.
Tune in for actionable tips and insights that will transform how you view your accounts and help you drive your business forward with confidence!
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