Funding Options Blog

The growth hub for small and independent businesses

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Low-cost social media marketing ideas when you have a tight budget

Nowadays, Social Media isn’t so much a choice to promote your business as it is a necessity, and if you’re an SME, you can put together a very cost-effective campaign quickly and effectively. Social media platforms are uniquely positioned and structured for novices to market their brand and promote their message from day one. Facebook (Meta), LinkedIn, Instagram, Twitter, TikTok, YouTube and Snapchat can deliver results and get your business exposure that would have proved impossible to achieve in the past using more conventional methods, like placing ads in local newspapers. You don’t require unique skills or deep pockets to create a comprehensive social media strategy. Imagination, flair and persistence can rapidly reap the rewards. So, let’s consider some of the leading social media platforms and identify five initiatives you can promote across the spectrum with minimum effort.

3 Mar 2022

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FX & International Payments

How do I use Wise to receive money from a client?

Powered by Wise, Funding Options provides SMEs with greater choice when it comes to FX and international payments. Create an international business account to pay invoices, suppliers and employees — with the real exchange rate — in more than 70 countries, without the added burden of subscription fees and hidden charges. Receiving money from clients is also easy. Here’s how:

28 Feb 2022

The New Normal (Card)

The New Normal: The End of Covid-19 Restrictions

Prime Minister Boris Johnson’s speech Monday outlined the U.K. government’s new long-term COVID-19 plan, with today marking the first step towards ‘living with covid’ as all remaining self-isolation requirements are lifted today.

24 Feb 2022

Balloon getting inflated

Ideas to cope with rising inflation as a business

Inflation in the UK is running at a multi-decade high of 5.5%, placing considerable pressure on businesses, snaring them in a vicious cycle of rising prices to cover the increase of input prices. If clients can’t afford your costs, they might put off a purchase, spend less, or visit your business less.

24 Feb 2022

How can SMEs overcome supply chain disruption?

How SMEs can mitigate supply chain disruption and remain resilient through the COVID-19 recovery

In a recent webinar, our Head of Sales, Ryan Hyde-Smith, was joined by Edward Revell from Starling Bank and Hugh Doherty from Smith & Williamson, to discuss how supply chain disruption is impacting UK SMEs. Here, we discuss how businesses can mitigate supply chain challenges through preparation and funding.

17 Feb 2022

dog with glasses

Love your pet? Here are some pet business ideas to explore

February 20th is *love your pet day* in USA. But why celebrate your love of animals for just 24 hours when you can do it all year round? If you’ve been considering starting a pet business, you’ve come to the right place. Kick off your new venture with one of these business ideas…

17 Feb 2022

Pricing checklist

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

FX & International Payments

How to pay an international invoice

It’s easy to understand why businesses want to trade and hire talent internationally. Adopting a global mindset can open up opportunities and make companies more competitive. But how can UK businesses be globally active without having to pay costly fees when they transfer money overseas? With an international business account, it’s easy.

16 Feb 2022

bilss and calculator

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


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