Securing finance with the bank can be extremely difficult. Banks do lend, but they can be overly cautious when it comes to small business loans. In today's uncertain climate it often isn't enough to make a visit to the bank manager with a solid business plan and a...
When it comes to getting a loan, you’ll either have the option of getting it secured or unsecured. For anyone who has never taken out any form of finance, it can be difficult to know exactly what these terms mean and how they will reflect on your loan. Here we will...
When it comes to business, profit margins are the be-all and end-all. With so many expenses coming from different angles, it can be incredibly difficult to ensure you’re keeping your business cost-effective. Thousands of SMEs fail every year on account of cash-flow...
Late payment is a significant problem for small businesses in the UK, particularly those that supply larger organisations as they have little power to enforce payment without jeopardising their position in the supply chain. In fact, research by the Federation of Small...
For every small business, the opportunity to grow and expand is alluring. In the early days, running a small company can be a frustrating and unrewarding experience, so it can be tempting to try and grow - and therefore spread the working load - rapidly. However, this...
One of the primary reasons that new businesses fail is due to running out of cash. They overextend themselves, investing too much money into fixed assets at the beginning, without anticipating their future cashflow needs, and not considering a contingency fund. As...