External funding plays a vital role in any business, allowing you to overcome challenges, fuel growth and maintain financial stability. Despite this, many SMEs do not understand the significance of finance, with a British Business Bank report finding only 33% used...
Midlands and East Anglia
Error Proofing – Why you need to think about the bad stuff
Wouldn’t it be great if we had a crystal ball to see into the future and avoid all the bad things that might happen? Well, this post doesn’t quite do that but what about if we had a neat way of at least thinking about the potential bad things that might happen,...
How will invoice finance help your business?
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...
Understanding your finances
This is article 3 in our series of 3 There are 3 layers of understanding that you have to achieve, and I will be covering these in 3 articles covering: Some basic tipsWhat are the key figures in your accounts?Digging deeper with good analysis Digging deeper with good...
Error Proofing – If it wasn’t for those people things would run so much better!
‘I’m only human … born to make mistakes’. So said The Human League back in the ’80s (our younger readers might need to Google that one). The thing is, The Human League were spot on. Whenever you get people interacting with your online user interfaces or participating...
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...
Understanding your Finances
This is article 2 in our series of 3 There are 3 layers of understanding that you have to achieve, and I will be covering these in 3 articles covering: Some basic tipsWhat are the key figures in your accounts?Digging deeper with good analysis What are the key figures...
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...
Understanding your Finances
So many business owners tell me they don’t understand their accounts…that’s what they have an accountant for. Yet for a business owner not having a handle on their own finances is an opportunity missed. You don’t have to be a qualified accountant to understand the...