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contact@balloonaccounting.co.uk
BH12 1PN, Poole, UK

Month: November 2022

your business, changing lives

Image of dominoes

Don’t neglect your Balance Sheet

Business owners tend to focus on increasing profit and driving down costs. While this is important, don’t neglect your Balance Sheet. Profitable businesses can and do go broke; your Balance Sheet is a key indicator of how solvent your business is. Here are four key areas of your Balance Sheet to focus on: 1. Profitability.…
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If my business is making a profit, where is the cash?

Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It’s an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure. Here are three reasons…
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Autumn Leaves

Jeremy Hunt’s Autumn statement – 2022

In his opening remarks, Jeremy Hunt said his priorities are stability, growth and public services. Stability – Stability is about reassuring the market. The Chancellor announced the following new, ‘fiscal rules’ that public sector debt must be falling as a percentage of GDP by the end of a rolling 5 year period, and net public sector…
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stack of pebble stones

Achieving your goals with the rocks, pebbles and sand mindset

Have you ever found yourself struggling to achieve your goals because you just don’t have enough time to commit to them? Chances are, you’re doing things back to front. Rocks, Pebbles and Sand is a simple, yet crucial, planning concept depicting that we’ll achieve more if we set our annual goals (or ‘rocks’) first, then…
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Does “mindfulness” have a place in business?

According to Google, which offers employees a course on mindfulness meditation, and Lululemon, a company that keeps a Director of Mindfulness on staff, the answer is a resounding yes. Mindfulness, as American scientist Jon Kabat-Zinn defines it, is simply “paying attention in a sustained and particular way – on purpose, in the present moment and…
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Redefining success

If there’s one positive to take from the events of the last few years, it’s the opportunity to consider what’s important. For those of us in business, it’s important to redefine our plan and goals that ensure the business delivers our definition of success. The natural extension, for those with team members, is to revise…
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