Your work is not just a job; it’s a mission to provide care and support for the most vulnerable in our society. Managing the financial aspects can be challenging, but with the right approach, it becomes much more manageable. 1. Budgeting for Stability First things first – let’s talk about budgeting. A solid budget is…
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In the care industry, where margins can often be tight and the focus on quality care is paramount, finding ways to control costs without compromising the quality of service is a critical challenge. This blog post will delve into effective cost-control strategies that care businesses can implement to ensure financial health while maintaining, or even…
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If you run a business in the care arena, something like a foster care agency, child nursery, alternative education provision, care home you are faced with some unique business challenges. Having someone in your corner who shares your passion rather than someone who just prepares figures after the event can be a real godsend. So…
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Being a business that helps others, whether that’s a Foster Care Agency, Child Nursery, Care Home, alternative education, you know it takes more than just numbers and management skills to thrive. It’s about having a real passion for making a positive impact on people’s lives and as someone who has been a foster carer and…
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As a small business owner, you’re likely already aware of the importance of keeping your finances in order. Financial management goes deeper than paying your bills on time and collecting on invoices (although those are also important). It involves regularly checking up on your financial situation to make sure your accounts are in order, your…
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A VFO or Virtual Finance Office / Officer, is a service offered by an acountant where they bring the experience and expertise of a high-level Chief Finance Officer and finance suoort to your business – without the cost of hiring a full-time, in-house employee. It is a specialty provided to small and medium businesses and…
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Although most entrepreneurs recognise the importance of careful financial management, few want to spend their time dealing with numbers. Unfortunately, not keeping a close eye on your income and expenses can be very costly for a business. Here are five of the most common bookkeeping pitfalls, and some simple tips for getting back on track.…
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Deciding on an online marketing plan can be overwhelming for small business owners looking for affordable ways to nurture steady, sustainable growth. With time in short supply, the key is to find one or two growth strategies that will get results at minimal cost. These proven growth hacks offer business owners a few simple, cost-effective…
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Cashflow planning is critical to survival and growth in any business. Setting cashflow targets will enable you to predict large cash outflows and respond to changes in your business. Looking ahead with confidence and putting in place cashflow maximisation strategies is key to increasing business value. A Cashflow Forecast and our Cashflow Management Coaching meetings…
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Turning a profit is at the heart of running any successful company. But should profits be the only financial focus if you’re looking to create a stable, long-term business? Cashflow is the beating heart of your business. Without an even and predictable flow of cash into the company, you can’t cover your overheads, you can’t…
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