01202 022992
contact@balloonaccounting.co.uk
BH12 1PN, Poole, UK

Category: Growth

your business, changing lives

Hand holding 2025

Navigating 2025: Key Considerations for Businesses in the Care Sector

Happy New Year! As we step into 2025, it’s a great time to pause and reflect on the challenges and opportunities ahead for those of us operating in the care sector. Whether you run a fostering agency, a nursery, a care home, mental health support or indeed any another business supporting vulnerable individuals, the start…
Read more

Is Compliance dead ? Why My Clients Just Want the Basics—and Why That’s Perfectly Okay

Over the years, as an accountant specialising in the care sector, I’ve often pondered the broader business advice landscape. There’s a lot of buzz in the accounting world about providing more than just compliance work—offering business growth services, strategic advice, and being that all-encompassing advisor that helps clients not just survive but thrive. But here’s…
Read more

Butterfly image

Financial Tips for Foster Care Agencies, Child Nurseries, and Care Homes

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…
Read more

Honey Bees Image

Strategies for Implementing Cost-Control Measures in Care Businesses Without Compromising Quality

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…
Read more

Piggy Bank Image

Maximising Funding Opportunities for Care Businesses: A Vital Strategy for Growth and Sustainability

The care industry plays a crucial role in society, providing essential services to those who need them the most. However, running a care business comes with its unique set of financial challenges, particularly in the current economic climate. One of the key strategies to overcome these challenges and secure the future of your care business…
Read more

Trees with snow

Financial Management Challenges in the Care Sector and Solutions

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…
Read more

2024 Image

New Year, New Financial Goals: Setting Your Care Sector Business Up for Success

Happy New Year! As we embrace the start of a fresh year, it’s the perfect time for any business, especially ones in the care arena to set new financial goals and plan for success. Here’s how to get started: Reflect on the Past Year Begin by reflecting on the past year’s financial performance. What worked…
Read more

Image of a female wearing a virtual reality headset

What is a VFO?

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…
Read more

Image of chess pieces

5 Common Bookkeeping Pitfalls — and How to Avoid Them

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.…
Read more

water lily image

Growth hacks for your small business

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…
Read more