Lates news from Ballard Dale Syree Watson

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Click here to download the PDF version of the latest Bulletin newsletter from Ballard Dale Syree Watson.
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Sparing partners! - 26/10/2007
Making the decision to work for yourself is not an easy one but often the decision can be a lot easier to make if you have the support of professionals that can help you along the way.

For many, the lure of running a business is based on the potential financial rewards. For others it is the independence and flexibility factor, but there are those who may be faced with the anxiety of redundancy, and feel it is their only option.

Veronica Parkes, took a calculated risk at 44, giving up a successful career as a senior manager for Walkers Snack Foods, part of the global PepsiCo group, to pursue her ambition in opening a day spa.

Her dream will soon become a reality as at the end of November, Veronica will launch her own, fully equipped and operational day spa in Droitwich. She would admit that her footsteps would not have been so self assured without the aid of a robust safety harness provided by her accountants.

Droitwich-based accountancy practice Ballard Dale Syree Watson LLP has helped hundreds of people, just like Veronica fulfil their business ambitions, but there are many things to consider when making that initial decision.

Founder member Bill Ballard says: “The critical ingredients that we can’t help with, when a person starts their own business, are commitment, enthusiasm and determination to succeed, but we can help with everything else.

“Accountants have to be far more commercially aware these days and offer the entire range of business start-up support services. Whilst we still have our traditional services such as book keeping, payroll and taxation, there other operational factors to think about.

“Finance for example is one of the most important things when you start working for yourself. We have the experience in understanding the financial needs of certain types of businesses and can help to tailor financial packages to suit the needs of individual clients. For example issues such as seasonality can lead to erratic cash flow and that can be worrying to a person who’s lived with the comfort of having a regular income.”

As Veronica busily prepares to open the doors of her day spa at the end of November she commented: “Ballards have given me their stalwart support and not just in helping me with cash flows and implementing good accounting practices. They’ve signposted me to the best financial help in terms of project funding and other legal professionals like solicitors for example.