How to avoid cash flow problems
Read here for 14 tried and tested tips and tricks to improve cash flow and avoid potential budget problems. Funding Options, we know business finance.
26 Apr 2022
Is it better to operate as a sole trader or limited company?
One of the first decisions you'll have to make when deciding to go into business is the legal status of your enterprise. Will you operate as a sole trader or limited company? These are the two most popular methods to run a business in the UK and will have profound implications on every aspect of your business. Tax, regulations, and employment are just three issues pivoting from your chosen status. Here we'll discuss the strengths and weaknesses of each to leave you better informed, no matter what choice you make.
14 Mar 2022
Setting realistic targets for 2022 and how to raise the finance to achieve them
If your business survived 2020-2021, you’ve come through the deepest recession and trauma this country has experienced in several decades. In some ways, getting through the downturn and pandemic proves that you have grit, and your business is built on solid foundations; if your business survived the pandemic, you could survive just about anything. As society and businesses crank back into life after the lockdowns and restrictions, 2022 could be a bumper year for many SMEs. We’ll use specific businesses as examples to discuss ideas and examples of how to get the funding in place to achieve your ambitions and targets.
17 Feb 2022
With 400,000 small businesses struggling to get paid on time, what are your options?
Many SMEs wait months for their invoices to get paid, and a knock-on effect can occur. You mightn’t have the cash on hand to pay your suppliers if you get paid late, and this ripple effect can put many businesses in danger and potentially affect their reputation and credit standing. You don’t have to avoid this overdue payment problem; you can challenge it head-on because two principal approaches exist to tackle the issue. You can negotiate with debtors and creditors or use specific finance options to alleviate cash flow issues. In this blog article, we’ll discuss both options in detail.
16 Feb 2022
Key tax dates and deadlines for 2022
For many, the beginning of a new year is a time for setting goals and getting organised. To help, we’ve put together a list of important tax-related dates to keep in mind throughout the year. Be sure to prepare for them in advance to avoid any unnecessary penalties.
18 Jan 2022
How to raise funds to start a restaurant
Starting a restaurant business isn’t for the faint-hearted or uncommitted. On paper, it looks easy - find the premises, give the place a fresh lick of paint (you can roll your sleeves up too) and get new flooring. Then buy a new cooking range, plates, pots, pans, utensils, cutlery and uniforms. Hire a mix of permanent and part-time staff, place a few local ads, create a buzz on social media, and voila! You’re good to go. If only it were that easy.
20 Jan 2022
How to create a business project report to get an SME loan
Before you begin your search for an SME loan for a specific project and commit to an application, you need to create a detailed project plan covering every crucial aspect of your business.
12 Dec 2021
How SMEs can improve their energy efficiency to save money
With the energy price cap rising and gas prices at a record high, saving money on energy has risen to the top of the agenda for many UK firms. So how can SMEs reduce the amount of energy they use to save money, and is now the right time to switch energy suppliers?
19 Nov 2021
What happens to a business loan if the business fails?
As soon as a payment is missed, this is considered defaulting and lenders will still need their payment in full. Typically, it’s 2-3 payments before they find other ways of getting the payment from you. Depending on the type of loan you’ve taken out and the agreed terms you’ve signed, defaulting on a payment can mean anything from developing a poor credit rating, high fees and even having assets repossessed. We explore how you can avoid missing payments, what to do if you’re unable to pay and explore what happens to a business loan when a company fails.
22 Oct 2021
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