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contact@balloonaccounting.co.uk
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Category: Business

with you on the journey to a brighter future

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Business tips: Getting in control of your spending

Business tips: Getting in control of your spending Keeping the business in a positive cashflow position is vital. But you can only do this if your cash inflows (sales revenues and other income) outweigh your cash outflows (overheads, supplier costs and other liabilities like tax costs or loan repayments). One way to re-balance the cashflow…
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Business tips: Outlining your ideal customer

Business tips: Outlining your ideal customer Customers form the beating heart of your startup. Without a stable customer base, you can’t generate sales, bring in income or create a viable business model. So, it’s vital for your new business to have a very clear and fleshed-out idea of your ‘ideal customer’. Your perfect customer may…
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Business Tips: Setting KPIs and measuring performance

Business Tips: Setting KPIs and measuring performance Once you begin trading, you’re faced with a new challenge – successfully managing the course of your brand-new business and making sure it’s a profitable enterprise. It’s easier to manage your startup’s sales and finances when you have access to the best possible information and data about your…
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Business tips: Making it easier to get paid

Business tips: Making it easier to get paid Making sure you get paid on time is crucial to your success. The process of making sales and generating revenue lies at the heart of any business model. But you can’t manage your cashflow effectively or raise any profits if customers don’t actually pay their invoices. The…
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Business Tips: Budgeting and Managing Cashflow

Business Tips: Budgeting and Managing Cashflow If you want to stabilise your finances and grow the business, working to strict budgets becomes a necessity. Managing the cashflow twists and turns of a project can be hard work. But it’s easier to do when you have an agreed budget and can track your spending and performance.…
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Taking Cash out of my business as a Director

Taking cash out of my business as a Director One of the most confusing things for many new company Directors, especially those that have previously been self employed sole traders is how they take cash out of their business. Let’s start with some basics. Every business owner needs to take cash out of the business…
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The Five A’s of Change – achieving continuous improvement

The Five A’s of Change – achieving continuous improvement We’ve spent nearly two years now responding to things outside of our control. Everyone has experienced huge change, a lot of it while in crisis mode. Upon reflection, some of the changes were inevitable. If we think about digital transformation and flexible working conditions, these were…
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Control your business with the three essential tools

Control your business with the three essential tools Business owners often feel like they’re not in control of their business. The number of hours they’re working starts creeping up, they start experiencing more stress, and it starts affecting their personal life. So, how do you regain that much needed control? How do we gain more…
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What is your Why

What is your Why Do you understand why you exist for your customers? One of the most powerful questions you can ask in business is “why?”. Why do you do what you do? Why would people want to work for you or buy from you? The best way to answer these questions is to determine…
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Profit v Cash

Profit v Cash Do you understand the difference between profit and cash? Are you improving your profits but not seeing an improvement in your bank balance? We can help you increase both your profit and your cash. There’s a massive difference between profit and cash. Let’s explore the differences to make a better plan to…
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