Tag Archive for 'Ashley Barrowclough'

Help For Business Owners To Get Control Of Their Business

In order to be successful in business, it is necessary to believe in success.  The most profitable business owners are not the ones who are busy but the ones who work smartly.  They are the ones who have a clear vision of what they want to do with their business.  They constantly review performance and they focus on working on their business, not in it.  There are many good business owners but far less successful ones.

What is apparent is that the most successful ones plan ahead and then monitor performance on a regular basis so that they can take corrective action wherever necessary.  However, preparing a detailed business plan can take a significant amount of time so at Balance Accountants we use something called the One Page Plan not only in our own business but also in clients’ businesses.

The One Page Plan is based upon an American management tool called the Balanced Scorecard and basically looks at all the key factors behind a business’ success and maps them out in a way that enables the owner to constantly record and monitor the key success drivers in the business and take timely action where required.  It is a simple but very effective business tool which very quickly becomes an indispensable management process once implemented.

If you would like to have more information about One Page Plans, or for a free initial meeting to discuss how these could work for you and your business, then please call me, Ashley Barrowclough.  There is also funding available for this service so what have you got to lose?

This article was compiled by Ashley Barrowclough.
Please leave your comments below.

Enjoyable Holiday (for 2 reasons)

Just returned from a weeks holiday in the Cotswolds.  We stayed in a beautiful old house which apparently used to be a school which boasted Steven Fry as one of its pupils.  The weather was beautiful but cold and frosty.  From our base near Stroud we ventured out to Tewkesbury, Gloucester, Bath, Cirencester and Cheddar Gorge.  We also visited a village called Bourton on the Water which is described as the “Venice of the Cotswolds” due to the fact that there is a river flowing right through the centre with seven bridges crossing it.  Bourton is a very picturesque village and I thoroughly recommend it for a visit by anyone who finds themselves in the area with free time – lots of cafes, pubs and restaurants to sample while you are there.

Bourton-on-the-Water in the Cotswolds

 There was no mobile phone signal where we were staying so I wasn’t able to keep in touch with the office and wasn’t sure what to expect on my return to work on Monday.  However, there was no need to worry because everything was shipshape and running beautifully well.  Cash collections were up and we had even picked up some new clients.  I suppose that is the benefit of having a really good team of staff!!!  –   as they don’t seem to need me in the office then perhaps I should go away more often?

if you have any comments we’d love to hear them.

CLEGG ANNOUNCES TAX AND BENEFITS CRACKDOWN ON “MIDDLE CLASSES”

NICK Clegg launched an attack on the better off  last month, announcing a crackdown on tax avoidance and signalling a cut for middle class benefits.

The Deputy Prime Minister said many thousands would face more intrusive tax investigations, with millions more facing cuts in benefits, such as winter fuel payments, child benefit and free bus passes.

Mr Clegg accused middle class earners who pay accountants to minimise their tax bills of behaving like ‘benefit cheats’.

He will say that legal tax avoidance and illegal evasion are ‘just as bad’ as falsely claiming benefits, adding:  ‘Both come down to stealing money from your neighbours.’

Tax evasion by the better off is to be aggressively pursued in a £900million drive which will see the number of people targeted for tax checks rise from 5,000 a year to 150,000.

Half of all the people paying the new 50p top rate of tax will have their tax affairs raked over by a dedicated team of investigators every year.  Lib Dem sources said the number of criminal prosecutions would increase significantly.  The tax crackdown will be undertaken by HM Revenue and Customs, the department which recently admitted getting the tax codes of millions of workers wrong.

This “muddying “ of the water between illegal evasion and legal avoidance is not good news for honest business owners and entrepreneurs who could find themselves facing even more aggressive tactics by the Revenue.

I urge any business owner to ensure that they talk regularly to their accountant about their affairs and ensure that they have taken Tax Fee Protection Insurance as the likelihood is more and more business owners will have their affairs investigated.    

Here at Balance we promote a wide range of advanced tax strategies to our clients and it has become clear since the General Election that the new government is not happy with them and will be looking to legislate against them wherever possible. The trouble is that there is currently a clear distinction between tax avoidance (legal) and tax evasion (illegal)—-Nick Cleggs speak tends to suggest that this distinction may not be so clear in their eyes in the future and the resources that the government is proposing to throw at this area means that there will be a significant upswing in the number of tax investigations.

It would be interesting to hear your comments on this subject.  Please keep expletives to a minimum.

The First Step on Our Journey

Well, our journey with the designers started back towards the end of last summer, though I don’t think we were aware of just what we had let ourselves in for. 

For many months, if not years, the management team at ‘Rogers and Co’ (that’s what we used to be called), had been trying to consolidate all of their visions, aspirations and goals for the firm into a cohesive business model.  However, any progress was slow going, due largely to the fact that any responsibilities and deadlines relating to our re-organisation dished out to any of the managers went by the wayside as soon as ‘real’ work had to be done, which, obviously, was all the time.  And because we like each other, we never got into trouble with each other if we turned up at the next meeting having not completed the task(s) we had been set.  

Don’t get me wrong, plenty of improvements did appear, slowly, eventually; we had many systems and procedures in place that we reckoned set us apart from the vast majority of accountancy practices out there.  Relationships with many of our clients (especially some of the newer ones where we had started with a slightly different approach) were proving to be very enjoyable and beneficial to both parties.  We knew we were on the right track but just couldn’t make it gel – something was missing and we didn’t know what. 

Then Ashley, (the Boss), came across a project through Business Link called Designing Demand which interested him,   and so he met with Business Link’s Philippa Coultish.  Without realising it he was being interviewed and considered for the scheme, which had limited availability of 200 across our region.   

Learning that we had been accepted onto the scheme was a boost to our collective ego, however, even then we still didn’t really know exactly what we had let ourselves in for; this was a strange thing for us to be doing – we were used to working as an approved supplier with Business Link and therefore, were used to being professionals with the answers; to be a business in need of other professionals with the answers took us into an unknown realm. 

The unknown road ahead - where would it lead to?

We were soon about to find out where we were going once we were introduced to Ellis Pitt…… 

This article was compiled by Deb Bradley on behalf of The Balance Team.
If you have any comments please leave them below – we would love to hear from you.

Local Accountants – Who’s Have Thought It?

Oooh! We’re feeling like celebrities today. 

Our lovely friends, The Engine Room, have been featured on the Creative Match website, about the work that they did for us.  It’s quite a strange feeling clicking onto the link and seeing yourself grinning back from the screen.  Anyhow, having got over the initial starstruck phase I was able to read the feature which summed the feel of the project up pretty well. 

To read the article, click here.   

Why not follow us on Twitter @makeitbalance

Follow the Engine Room on Twitter @brand_engine

 It would be interesting to hear any comments you might have regarding our rebranding; do you think it’s courageous, foolish, fun, trendsetting? 

This post was compiled by Deb Bradley on behalf of the Balance Team

Local Accountants – Who'd Have Thought It?

Oooh! We’re feeling like celebrities today. 

Our lovely friends, The Engine Room, have been featured on the Creative Match website, about the work that they did for us.  It’s quite a strange feeling clicking onto the link and seeing yourself grinning back from the screen.  Anyhow, having got over the initial starstruck phase I was able to read the feature which summed the feel of the project up pretty well. 

To read the article, click here.   

Why not follow us on Twitter @makeitbalance

Follow the Engine Room on Twitter @brand_engine

 It would be interesting to hear any comments you might have regarding our rebranding; do you think it’s courageous, foolish, fun, trendsetting? 

This post was compiled by Deb Bradley on behalf of the Balance Team

A Slow but Steady Recovery

The UK is on track for a slow but measured recovery with businesses cautious in the face of political and economic uncertainty. This is the message from the latest Institute of Chartered Accountants Business Confidence Monitor. The quarterly survey shows that companies are operating within their means rather than taking on new risks.

Business financial indicators in the survey suggest that, although companies expect growth, they are still very wary about increasing investment and taking on new employees. Increase in capital investment for the coming year is expected to be a modest 1.3% compared with a fall of 0.8% in the previous year. Staff numbers are expected to increase by 1.1% compared with a 2% drop last year. Although encouraging, both increases are far below pre-recession levels and demonstrate the guarded approach companies are taking.

On a more positive note, nearly six in ten businesses are more confident about their economic prospects over the next 12 months compared with the previous year. This compares with only 19% 12 months earlier. There has been a broadening of recovery in more sectors, regions and sizes of business. The data also points to the beginnings of a rebalancing of the economy, something that had to happen. Although welcomed, it will be a long time before we reach the growth and indeed expectations of businesses compared with those heady pre recession days.

Although the survey makes generally positive reading, the feeling amongst clients of Balance Accountants is still very cautious and most business owners that we talk to still see the real recovery to be some way off yet.

Post written by Ashley Barrowclough.
What is your experience of the recovery?  Please post your comments below.

First Words From The Boss

Well, we have now been Balance Accountants for a month and so far we have received a lot of positive feedback from many different quarters.  Some people have asked why we decided to change our name after so many years as Rogers and Co.  It is part of a total rebranding of our firm; something that we felt was needed to enable us to take the business to the next level and to enable us to stand out from the crowd.

We have never thought of ourselves as being the stereotypical, grey-suited, number crunching accountants, and we wanted an image that reflected our own individuality.  Now we have got a vibrant name and logo, vibrant colours, a superb website and enthused staff, all of which enable us to stand out from the crowd.

In the coming months we will be pushing the Balance brand wherever we can in order to create public awareness and raise our profile so that Balance becomes a household name in the local business community.

The Boss, Ashley Barrowclough, speaking from the Board Room

It’s  one thing, however, creating a new name and logo but the most important aspect of a brand is the philosophy and principles that go behind it.  For example, BMW and Mercedes motors cars are known for their quality and people are prepared to pay a premium price for that quality.

At Balance, our brand is being built upon the quality of our team, our approachability and our intentions to work not so much as a third-party supplier, but to work hand in hand in partnership with our clients; not only to be the trusted advisors but to be an integral part of our clients’ teams, helping them to make their own businesses more successful and enjoyable to run.

Hopefully, over time, people will come to associate these principles and philosophies with the Balance Brand in the same way that they associate quality motor cards with BMW and Mercedes.

From the point of view of timing, the rebranding exercise couldn’t have come at a better time.  In the middle of the deepest recession for over 70 years, when everyone is feeling down and businesses are struggling, the rebranding has revitalised our office and inspired our staff.  We are now approaching our work in a more positive mood and we are actively seeking out and winning new businesses rather than just plodding along, trying to weather the storm.

From this point of view I would recommend rebranding to all our clients.  I am sure that it will provide a fillip to your business and help you to re-ignite those passions that inspired you to start your own business in the first place.

Anyway, enough about the rebranding; I will provide further updates via this blog, in the meantime remember…..

………Old Accountants don’t die —— they just lose their Balance.

3 Weeks in and We're Still Here

Yes, we’re pleased to report that it’s been three weeks since the launch of our new identity and we’re still here, going strong, after what turned out to be a relatively smooth and seamless transition.

In the weeks leading up to the launch, scheduled for 1 May 2010, we were all rather intrigued and amused to see how easily we, and clients, would take to the change.  There was talk of having a swear box in the office for ‘donations’ from anyone who slipped up and used the old practice name (Rogers and Co – who?) whilst speaking on the phone, and other such musings.

However, we were also busy having the offices reorganised and decorated in the new corporate colours, and new signage and stationery was being put into place etc.  By the time 1 May arrived I think that most of us had already made the mental jump over to the new identity, to the point that as April drew on it didn’t feel right still using the old name and identity anymore.

So the first day back in the office, after the bank holiday weekend, we were all a little apprehensive about taking on and owning this new identity when speaking to the outside world.  All clients, suppliers and associates had been informed of our metamorphisis by a mailshot which would have landed on their doormats over the weekend; what would they be thinking?

And do you know what?  That’s about as much as I can remember of that morning.  We all got to work and phones started to ring, in that first-day-of-the-week way that they do, and calling ourselves Balance Accountants over the phone felt as natural as we could have hoped, and clients accommodated the change with little fuss.  And even after three weeks there have been very few slips of the tongue and I really don’t think anyone thinks of Rogers and Co anymore. 

Deb Bradley, Client Manager, and her little helper

We have had a lot of positive comments from clients who are, afterall, business people and who appreciate that from time to time, a business will feel the need to redefine itself and decide how they move forward.  We’ve had most postive comments from people who had taken a look at our new website.  One member of staff has reported a negative comment along the lines of ‘well, it’s not really in keeping with what accountants do is it?’ to which my colleague responded, ‘Well, that means we’re doing something right then, thanks for the compliment’.

So this launch and initial period is but one stage along the way on our rebranding journey, which started last summer.  It’s a journey that we would like to share with you over the coming months with the view that you may find it intriguing and maybe, even interesting.  Maybe you are thinking of rebranding yourself, or are a branding company that would like some insight into the way our collective mind has been thinking during this process.  We think it’s worth sharing with you , afterall, it may be blowing our own trumpet, but we think that we’ve been pretty brave to adopt such a contemporary identity within a profession that is traditionally, ..well…traditional.

If you have anything to say on anything you’ve seen and read so far, please leave a comment. 

Thanks for reading this far – we’ve got big plans for this blog so please keep up to date on new posts

This post has been compiled by Deb Bradley, Client Manager, on behalf of the Balance Team.  Deb also looks after our Twitter Account – makeitbalance