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.
Small and medium-sized businesses must not take their eye off the ball when it comes to managing working capital through the summer season, when resources often become stretched. Client data sourced by Hitachi Capital Invoice Finance has revealed that small businesses are more likely to seek additional funding during the month of July than at […]
Posted on 27th May 2016 in Finance.
According to the Association of Certified Fraud Examiners, a typical company loses 5% of annual revenue due to fraud, 15% of which is down to fraudulent expense reporting. And it’s not just large enterprises that are at risk; small and medium sized business are just as likely, if not more so, to suffer damage to […]
Posted on 26th May 2016 in Finance.
At the broadest level, the concept of running and growing a business is simple: Make sure you have more money coming in than going out, and reinvest it. In the real world, however, things are a little more complex than that. While a business’s accounts might look great on paper, with a strong list of […]
Posted on 25th May 2016 in Finance.
When looking for funding, the majority of businesses have historically looked towards the traditional high street banks to provide financial support during cashflow struggles, a period of high growth or to invest in a specific area of the business. In more recent times however, business owners are shying away from these large lenders and are […]
Posted on 24th May 2016 in Finance.
Some of the best providers of alternative finance are those that communicate their offering as simply as possible. The last thing that small and growing businesses need when considering their finance options is to be faced with a wall of jargon that makes it difficult for them to make the right choice. To navigate their […]
Posted on 20th May 2016 in Finance.
Peer-to-peer lending has continued to take the market by storm in 2016. With the market continuing to grow and alternative finance establishing itself firmly, more and more savers are looking to get involved.
Posted on 16th May 2016 in Finance.
For start-ups and companies in their infancy a financial model should be much more than a set of operational metrics and financial statements – it’s an opportunity to create a roadmap that explores how your business proposition, marketing, organisational and strategic decisions will impact your financial position, and how likely what you are betting on […]
Posted on 11th May 2016 in Finance.
Last December, when Parliament announced an inquiry into small and medium-sized enterprise (SME)’s access to finance since the economic downturn, many declared it long overdue. Bank lending to smaller businesses may have improved recently, but it remains far below pre-crisis levels. Alternative finance is on the rise, but there are still too many cash-starved enterprises […]
Posted on 10th May 2016 in Finance.
With the rising cost of business’ gas and electricity bills, the impact that your energy consumption has on your commercial property can prove to result in expensive overheads. Sole traders, small businesses and larger corporations can benefit from reduced energy bills but it doesn’t have to be a lengthy, complicated process when thinking about optimising […]
Posted on 6th May 2016 in Finance.