Access to cash is vital to small business operations. Disappointingly more than a quarter (29%) of SMEs told us they are not able to grow because of a lack of access to cash . Whether it’s to cover invoices that are paid late, or a desire to take advantage of discounted stock prices, access to cash is critical to small businesses. However, over half (51%) of those we asked think traditional lenders aren’t interested in lending to them . Something clearly isn’t working with the current system and small businesses are suffering as a result.
Intellectual Property, or IP for short, is something that is overlooked by many business owners. It’s often considered to be the preserve of businesses producing ground-breaking innovations, but in fact IP is something that all business owners should consider.
Selling your business can be one of the most exciting things you will ever do in your working life; a turning point for you to change your career, start a completely new business, take up a hobby more seriously, or simply have more time to devote to your family. Equally, it could turn out to be one of the most disastrous, as the path to freedom is strewn with pitfalls. Before you groan in despair, take the time to read my tips, not all of them obvious, which should help you towards a successful sale.
Last week, we asked the Bizcrowd community to share their top business tips with us. We had an amazing response, with tons of really inspiring advice for small business owners. Take a look at the first twenty.
Many of us consider ourselves “environmentally friendly” if we rinse out tin cans for the recycling collection and replace existing light bulbs with ones that are more efficient for a lower energy bill. However could going green actually increase the value of a business, too?
In 2013, the UK spent £91billion online as the online retail market grew 16% (IMRG, 16th Jan 2014). As more and more of us use our mobile devices to shop, IMRG forecasts that 2014 is set to perform even stronger, with 17% growth estimated for the year and a total online spend of £107 billion.
The UK economy may be in recovery, but many small manufacturers are still struggling to generate enough funds to expand their business, or capitalise on new opportunities in the market.
This year the government is serious about pushing exports. It was one of the resounding messages of Osborne’s Budget speech, during which the Chancellor claimed to be developing “the most competitive export finance in Europe” by doubling funding and cutting interest rates by a third.
Half the business world is incredibly busy whilst the other half is just waiting for something magic to come along.
This checklist is aimed at businesses that are slowing down… feeling like they have got stuck… stuck staring into the headlights like the proverbial rabbit!
The “Do MBAs help an entrepreneur?” question is an old chestnut that never seems to be resolved.
Part of the problem is one of ambiguity (what does ‘entrepreneurship’ mean?); part of the problem is one of sweeping generalisations and stereotypes (what does a typical MBA student or course look like?); part of the problem is the confusion of definitions (are we talking about the student/graduate, the programme or the business school?).
Over half (52%) of those surveyed say the measures have had no impact on their business, with a further 41% admitting they are not sure what effect the campaign had. Just 7% of professionals say that it had some impact on their business.