It is no longer news that many businesses and individuals continue to feel the force of the economic recession. For SMEs though, things are looking up. Chancellor George Osborne said in September this year that the UK economy is showing “signs of a balanced, broad based and sustainable recovery”. The latest GDP figures confirm the…
Running a business, given its share of rewards and risks, could be a very daunting challenge. It is commonly thought that running a successful business requires large amounts of capital, hundreds of employees, to name a few – this doesn’t necessarily have to be the case. In this difficult economic climate, running a business is…
Invoice Factoring is increasingly recognised as an important part of business finance, particularly for SMEs. It operates as a viable alternative to a traditional bank loan and helps to promote a healthy cash flow. However, there are a number of misconceptions that cause many business owners to hesitate before taking advantage of it. In this…
What’s your business’ most valuable asset? Throwing this question at several entrepreneurs, you would expect to get responses such as equipment, plant & machinery and freehold premises. However, the largest asset for many businesses, especially SMEs, is often their unpaid sales ledger invoices. In this economic climate, your sales ledger is a financial resource that…
