Few people start up a business so that they can do paperwork! Spending time recording what’s going on in your business takes you away from doing business! However, keeping business records – bookkeeping – is a necessary part of business life because it’s a legal requirement. HMRC will soon be knocking at your door if […]
One of the most common terms that I come across at work today is “SaaS”, software-as-a-service. It’s particularly prevalent in webexpenses as we are a “SaaS” business. We all know the impact that cloud technology has had on the business world, our delivery model has been born from this technology and our licensing is based […]
Posted on 10th October 2016 in Finance.
Your business needs cash to thrive, there is no way around this. So what can you do to make sure you don’t suffer the same fate of failure that four out of ten small businesses experience in the UK?
Sadly, late payment is a fact of life now for businesses of every size. More than a quarter of small and medium-sized enterprises in the UK suffer from bad debt to the extent that they have had to write off money in the past year. Non-payment of invoices can occur due to customer insolvency, payment default […]
Entrepreneurs often get the attention of the Dragons’ with great products, but ruin their chances of investment with a lack of knowledge about the financial side of the business.
…….was a phrase uttered by actor Patrick McGoohan in 1967 in his role as The Prisoner when he arrived at The Village as No. 6. He went on to say: “I will not make any deals with you. I’ve resigned! I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered! My life is […]
If you’re thinking about borrowing money to make the next great leap with your business, it can be hard to know what to look for. Should you choose the latest disruptive technology or might a traditional product be a better fit? And even if you know what product you want — which provider should you […]
A supportive government, access to top talent and a robust technology infrastructure have all played a part in London’s historical position as a global powerhouse for financial services, and now its modern counterpart, fintech. In the current economic climate, increasingly countries across the world are trying to take advantage of this, and improve their own […]
While fintech technically refers to all “financial technologies”, it has become the de facto term for most disruption in financial services. It encompasses the startups, incubators, funds and accelerators that are changing the way technology enables financial services of all flavours. It came to the fore with traditional companies being unable and/or unwilling to satisfy […]
Invoice finance is often misunderstood, but once you get past the technical terminology it’s actually quite a straightforward product. The simplest way to describe invoice finance is that it uses your sales invoices as security for a loan, or in some cases a revolving series of loans. Let’s look at how invoice finance works in […]
Posted on 20th August 2016 in Finance.
If you’re a small business owner and you’re worried about your debt, you can take some consolation in the fact you are not alone. One-in-four small and medium-sized businesses in the UK suffered from bad debt over the past 12 months, according to Bibby Financial Services’ (BFS) latest SME (small and medium-sized enterprises) Confidence Tracker […]
Posted on 18th August 2016 in Finance.