Data shows that over half of SMEs are affected by delays in receiving customer payment, with many hours spent chasing unpaid invoices. It’s an unnecessary strain on small businesses, leading to a great deal of frustration. More crucially, with an estimated £17.5...
Richard Olsen
The top turnaround strategies for a small business
Every SME aims to perform at their best. Optimising your operations should ideally bring growth and profit while enabling you to satisfy customers and meet demand. However, you might not be getting the results you want. This can include declining profits, production...
Short-term solutions to address your business cash flow issues
When running a business, maintaining positive cash flow is essential. If for whatever reason, your cash flow is poor, it could lead you to fail to meet your financial commitments, as well as potential damage to those key relationships and disruption to your typical...
Are you personally liable for your business’s debt?
For a business owner, your company's ongoing success and survival may seem like your number one priority. It's easy for your private life to become intertwined with your professional one – and this includes your finances. When you and your business are closely weaved,...