Your business is now on the move. The decision was made to move beyond the 20 person ‘boutique’. Shouldn’t be too much of a problem should it? Culturally, there are all sorts of changes. The small organisation is tribal — everyone knows everyone else, well. Everyone ‘mucked in’ doing what needed doing; the atmosphere was like a top sports team. The company is increasingly a place of specialists and of employees — the latter being solid and conscientious rather than versatile, imaginative and passionate. Balanced against this loss (a loss many entrepreneurs feel intensely) is a greater stability.
Overdrafts, bank loans and equity funding are the routes most owner-managers and FDs of smaller companies in the UK (e.g. those under £10m turnover) think of when they need to review how business is funded, or indeed, when they hit cashflow problems. Tracey Ewen, Managing Director, IGF Invoice Finance, one of the UK’s leading independent commercial finance houses, assesses the option, beyond these traditional methods, of invoice finance.