Applying for a small business loan can be something of a minefield. Whilst banks have been increasingly reluctant to lend since the financial crash of 2008, there is a plethora of other lenders keen to take on new business.
Posted on 17th June 2016 in Finance.
Customers don’t always pay on time, and when you’re a small business owner this can create problems for your cash flow. Using unpaid invoices to access working capital is a method favoured by many businesses, and when done correctly is a powerful tool for enabling your business to grow. For those that may not be […]
Posted on 15th June 2016 in Finance.
The Internet of Things (IoT) is exciting but simply adding sensors to every piece of equipment or every location, from shop floors to petrol pumps, is not going to change the world. While a predicted 20 billion connected devices will be in place by 2020, how many businesses yet truly understand how this connected world […]
Looking from the outside in, the process of raising venture capital can seem daunting. Any respectable piece of advice on the topic will point out that the vast majority of such efforts fail and that the art of putting together a successful bid for capital is often the art of failing again and failing better. […]
Posted on 14th June 2016 in Finance.
It’s important to remember that the funding process is competitive. Only the best bids that meet the grant programme’s objectives will be funded, so make sure you don’t fall at the first hurdle. Read the fund guidance notes fully Any grant scheme should provide guidance notes, giving details of the eligibility criteria as well as […]
Posted on 14th June 2016 in Finance.
Regardless of time and place, amazing writers are always in high demand. The ability to communicate clearly and tell an interesting story are not only great for business, they are essential in a highly competitive market. As a content manager I can tell you that unfortunately, amazing writing abilities are not easy to source. In finance it’s even more […]
A recent Regus study showed that 49 per cent of UK professionals believe that managing cash flow is the largest challenge facing start-ups. Here are some tips to help you ensure your liquidity doesn’t dry out. Plan plan plan Make a 12-month action plan. While predicting profits is fun, a cash flow diary is more […]
Posted on 10th June 2016 in Finance.
Whilst a lot of people think about getting in better physical shape for the summer, many don’t consider how to get financially fit. Slimming your expenditure between now and the summer can leave you hundreds in the bank to help towards the holiday you deserve. For some that might mean finally checking-in to the plush […]
Posted on 6th June 2016 in Finance.
Late payments are unfortunately a fact of life, and affect every business large and small thanks to its knock on effect down the collaborative supply chain. When we think about how late payments affect small businesses we traditionally tend to focus on the pure capital aspect of the cash not coming in on time, and the […]
Posted on 3rd June 2016 in Finance.
As Benjamin Franklin once said, “by failing to prepare, you are preparing to fail”, and this quote can most definitely be applied when discussing your organisations pay review process. Being the elephant in the room, it can be tough to get to grips with how to tackle the task that lies ahead, and whilst many […]
Posted on 2nd June 2016 in Finance.
In a survey of nearly 500 of its freelancer and micro-business customers, we discovered that sick pets, fake illnesses and a CEO’s “sailing holiday” have all been used as genuine excuses by clients for why they had not paid outstanding invoices. The top 10 outrageous excuses for late and non-payment included: Can I just buy […]
Posted on 1st June 2016 in Finance.