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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Are you running a children’s nursery, fostering agency, care home, or any business that focuses on caring for others? Do you remember when you were learning to ride a bike ? When that person teaching you gently placed their hand on your back to save you from falling and helping you with your balance ?…
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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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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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Setting goals & implementing strategies for achieving them is an important step towards unlocking business potential. If you don’t have a #BusinessPlan which you update quarterly and refer to weekly, get in touch to develop one now! Success is about planning; we want to help you achieve success. It’s essential to take time out from…
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The end of the year tends to be a bit chaotic for business owners, but it’s actually a good time to get some extra housekeeping done for your business. Read on for some tips to help you finish the year neatly and feel prepared to face the new year. Review your goals and KPIs A…
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If you run your own business, you may wonder why you need management accounts and what they are. Their purpose should be to provide you with accurate, up to date financial information reporting on the performance of your business to enable you to make better business decisions. At Balloon Accounting we believe that this management…
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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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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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When it comes to your finances, it’s a good idea to check in on your progress periodically, to see if any adjustments to your budget or changes in your habits are necessary. Even if you’ve set your budget for the year, you may learn a new strategy or have a priority come up suddenly that…
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