The free tools businesses can use to credit check new clients
One of the big issues when you’re taking on a new client is whether you can trust them to pay you or not – so how best do you deal with this concern? Some people charge a deposit or part-payment...
View ArticleWhat are County Court Judgements?
Often when you see adverts for loans – particularly debt consolidation loans – you’ll hear them speak of ‘CCJs’ as something that might have prevented you from being approved for a loan elsewhere. CCJs...
View ArticleUsing ‘Credit Limit Application Forms’ for new customers – the factors you...
Credit limit application forms are a useful way of finding out the financial capabilities of a new client or customer, before you agree to provide them with any form of credit. Remember, any service...
View ArticleHow to avoid late payment problems
The single biggest cause of small business failure in the UK is poor cash flow management, most often brought on by late payment issues. There are several things a fledgling business (or any business...
View ArticleWhat to do when a client refuses to pay or can’t pay
If you’ve got a business headache right now, there’s a pretty good chance it’s to do with clients owing you money. It’s almost as if the economic downturn has become a prime opportunity for anyone who...
View ArticleGetting tough on late paying customers – debt recovery advice for small...
With the first two months of the year typically the worst for late payment, a leading debt recovery law firm has provided some advice to small businesses on how to deal with late paying customers by...
View ArticlePopular funding options for fledgling businesses
Many businesses will need to raise funds at some time – either at the start-up stage, or to finance expansion. With ‘traditional’ credit still in short supply and the possibility of a ‘triple dip...
View ArticleGuide to the Enterprise Finance Guarantee (EFG) scheme
The Government launched the EFG scheme to encourage lenders to provide further funding to smaller businesses following the credit crisis. In this article, we look at the how the scheme operates in...
View ArticleWhat are business angels and how they can help your business?
Although it may not reflect ‘real life’, the BBC’s Dragons’ Den programme has done a good job in highlighting the role that angel investors play in the business world. It may seem counter-intuitive,...
View ArticleWhat’s my business worth? How to value a small business
When it comes to selling a business, the most important question you need to ask is – how much is it worth? There is no single formula that can be used to precisely value every private business. The...
View ArticleHow to get your customers to fund your business start-up
While “entrepreneur” may occasionally be a euphemism for “out of work”, there are more and more individuals working in earnest to start a business of their own. Indeed, statistics show no fewer than...
View ArticleThe free tools businesses can use to credit check new clients
One of the big issues when you’re taking on a new client is whether you can trust them to pay you or not – so how best do you deal with this concern? Some people charge a deposit or part-payment...
View ArticleThe pros and cons of invoice finance and factoring for small businesses
If you’re doing well enough that your business is growing rapidly – and there are plenty of businesses achieving that no matter what you read in the media right now – then you may find yourself in a...
View Article10 late payment excuses used by customers – and how to deal with them
With late payment problems a constant burden for small business owners, we look at the most common delaying tactics used by customers, and how you can overcome these late payment excuses. 1. I can’t...
View Article7 ways to make sure your business gets paid on time, every time
Cash is the lifeblood of any business. And in the first few years of your start-up, the ability to get cash into your bank account faster than it goes out again will be one of the main measures of...
View Article5 things you should know if you want to attract business angels
Angel investors can be a lifesaver for a small enterprise – not only can they supply capital investment, but they often have years of valuable experience to offer a fledgling business. As viewers of...
View ArticleWhat exactly are invoice finance and factoring, and what benefits can they...
Invoice finance and factoring are two terms you may have heard thrown around in relation to business finances – but what exactly are they? Well, they’re not quite a loan, but they are a source of...
View ArticleHow to get your business ready to sell – 10 things to do before you put up...
So you want to sell your business? The place where you’ve spent more time than with your family; invested money which you’ve sometimes had to borrow in order to expand or buy new equipment; given your...
View ArticleByteStart’s Guide to insolvency, liquidation and bankruptcy for business owners
If there’s one piece of advice to hold above all others while running your business, it’s this: cash is king. It doesn’t matter how much you are selling or the size of your profit, if your business...
View ArticleBusiness debt recovery – A practical guide for small businesses
If your customers do not pay you on time (or at all), then they are inflicting serious damage to your business. It is something that is so often overlooked as ‘one of those things’ small businesses...
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