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Category: Management

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The Heart of Care: Balancing Passion and Profitability in Social Care Services

In the world of social care, passion is the fuel that powers our mission. It’s what drives us to provide exceptional care, support vulnerable individuals, and make a tangible difference in people’s lives. However, for care businesses to sustain and expand their impact, balancing this passion with profitability is essential. But how can you ensure…
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Streamlining Financial Processes in Care Sector Businesses

In the world of care – whether it’s foster care agencies, child nurseries, care homes or any business where you are trying to help others- the focus should always be on providing top-notch care services. However, the administrative side, particularly managing finances, can often become overwhelming and time-consuming, taking away from the core mission of…
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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…
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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…
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Nurturing Finances: A supporting hand for Care-Centric Businesses

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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The Benefits of Regular Financial Reconciliation for Small Businesses

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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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…
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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.…
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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…
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Should I focus on profits or cashflow?

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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