Your business need not cut back on services or staff pay if you budget wisely. Mary Evans shops around for tips
Nursery managers struggling to balance the books and keep costs in line with income could do well to recall the old adage, 'take care of the pennies and the pounds will look after themselves'.
The perennial problem facing proprietors of early years settings is that, with fixed staffing levels on the one hand and a need to keep fees under control on the other, there is so little scope to manoeuvre between expenditure and income. However, according to North Yorkshire chartered accountant Edward Wood, careful control of spending can achieve savings of up to 10 per cent without having to tighten the belt or make cuts.
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