Tower News & Blog
7 key indicators that it’s time to expand
The decision to expand is a big one for any business. It comes with its own risks but you could also be missing out on increased profits. Here are seven key indicators that it's time to expand your business. Customer demand A business always needs to listen to its...
Customer loyalty is key to any successful restaurant start-up
If you're planning a restaurant start-up or have already launched your new business, you should take time to consider ways to retain and increase customer loyalty. Ultimately, customer loyalty will be one of the main factors driving the success of your new business,...
5 questions to ask before seeking business finance
Business finance is a great tool for expanding and building small- and medium-sized enterprises (SMEs). But this is only true if you are entering into the funding partnership for the right reasons. Before you seek business finance or alternative funding, ask yourself...
How to improve your credit score before starting a new business
For those of us with an entrepreneurial mind, planning a new business can be one of the most exciting times in our lives. However, big dreams and exciting plans usually require financial backing and most of us don't have a pot of gold. The financial side of setting up...
Ways process management helps grow successful SMEs and startups
Building a successful startup or creating growth for your small- to mid-sized enterprise (SME) can be difficult in any economic climate. Some of the major obstacles impacting on growth include: Competitors and marketplace restrictions Regulation and compliance issues...
3 key tips to help small businesses maintain consistent cash flow
Small business cash flow can be a difficult concept to master. When you're still developing your business identity and getting yourself off the ground, how do you keep the money coming in regularly? All businesses love it when their profits soar, however, good times...
Refused a bank loan? Here’s what to do next
It's a familiar conundrum. You need money, fast. There's an unexpected cost in your life, such as medical bills, losing your job or an accident at home. But you were refused a bank loan when you applied. Don't panic though, because there are a lot of things you can do...
Common reasons why your bank turned you down for a business loan
When it comes to your business expansion, you need two things: an idea and financial backing. For some, the second of these might be more challenging. Your financial assets might already be invested in other projects that prevent you from using them in expansion...
How to maintain brand consistency during business expansion
During a time of positive business growth it is far too easy for companies to lose sight of their brand and start to lose their dedicated customer base. Your brand is the most important marker that your business has - it’s what sets you apart from the hundreds of...
Three reasons an unsecured business loan could fund your next success
By Luke Bowmar, Commercial Partnership Manager, Spotcap UK Have you been looking for funding to capitalise on a key business opportunity? To buy new stock or refurbish your premises? Or simply to manage your cashflow? If so, a fully unsecured business loan – without...
How high employment rates will affect your cash flow
When looking to expand your small business, you’ll want to grow the team around you. In October and November 2011, times were at a high for employers, as unemployment rates were at their peak (8.4%). The high numbers of job-seekers made it easy to find new talent and...
Cash flow worries can be a major headache for startups and SMEs
Maintaining positive cash flow can be really worrying for startups and fast-expanding SMEs, often limiting potential business growth or purchases. Most smaller organisations rely on operational cash flow for their survival and growth, particularly as sourcing loans...
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