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What does Coronavirus and hair have to do with mindset?

What does coronavirus and hair have to do with mindset? During the lockdown I am sure you have either complained about your hair or seen other people sporting some home cuts on Zoom. The point is that you wouldn’t normally notice how fast your hair grows. As it is constantly growing a tiny amount at …

Why businesses fail without good bookkeeping

Why businesses fail without good bookkeeping Don’t drive your business blindly – ensure your business is viable.   Bookkeeping is the recording and classifying all the financial transactions in your business. It’s keeping track of what your business spends and what your business receives  Excellent bookkeeping is essential to any business and contributes to one of …

The top 7 mistakes that Fitness Businesses are making

The top 7 mistakes fitness businesses are making In the current climate we may be feeling scared, worried, and unsure if we should be marketing our businesses. The truth is that to keep the economy moving we do need businesses to keep selling and for people to keep buying. Even if we are feeling scared …

Insuring your fitness business

As a business owner, it’s essential that you protect yourself, your business and your clients’ by taking out an adequate, industry-specific insurance policy. It is better to be safe than sorry and protecting your business with the right insurance allows you to guard against risk and claim compensation for any losses. This is an intelligent business …

Virtual Finance Director – what is one and do you need one?

Virtual Finance Director, VFD, outsourced advisor, management accountant, finance business partner – there are so many names and descriptions to contend with in the finance world, so what is a Virtual Finance Director? Smaller businesses often face the same challenges as larger businesses, but they cannot always afford a full-time Finance Director.  A Virtual Finance …

Why choosing a local accountant is not always the best option

Why choosing a local accountant is not always the best option Does location matter?  The era of searching for an accountant in West Sussex, in Southbourne, in the next street is gone. The constraints of location no longer exist. As in every other service, accountancy`s gone digital! Yes, throw away those paper ledgers and move …

The Cash in your bank

Cash solves problems, cash is king  What is cashflow?  Snapshot of business finances, it is a picture of money flowing in and out of a business. This picture shows the long-term financial health. You can track this on a weekly, monthly, quarterly or annual basis.   Why is cashflow important?  It enables you to buy supplies, …

#Classof2019

Southbourne Accountancy & Business Services has been selected as one of the four accountancy firms who will form part of the #classof2019 AccountingWeb series.  Debbie Hancock the founder of Southbourne Accountancy & Business Services went along to the inital meeting in Bristol where the firms were grilled on their passions, aims for their first year …