New York state officials, including the governor, have gone on the record saying cash-only businesses are a public safety problem.
Tag Archive for Banking
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Extending trade credit? Accurate business data is key to avoiding bad debt
by Owen Gough • • 0 Comments
When we consider the potential threats facing UK small businesses, it’s human nature to focus on the most dramatic possibilities. A large-scale economic downturn and the potential consequences of Brexit hang like dark clouds on the horizon. However, many companies find themselves sidelined by a more prosaic culprit: customers who fail to pay their bills
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Open banking levels the playing field for SMEs
by Owen Gough • • 0 Comments
It’s been a long time coming but we are entering an era of greater access and better financial services that will finally put the needs of customers first. The catalyst of achieving this much needed and long overdue result is the culmination of big debate, endless lobbying and necessary government legislation. All this hard work
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Inspiring partnerships – The importance of building a relationship
by Owen Gough • • 0 Comments
In order to achieve success as a small business, leaders must be open to collaboration with other companies. Forging partnerships and building relationships with fellow businesses are vital to the progress of a business in any industry. Not only does a partnership increase your customer base, it provides opportunities to learn new strategies and open
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Why communication is vital to your business success
by Owen Gough • • 0 Comments
In many unexpected ways, running a business is just like driving a rally car. It may surprise you to think that the fast-paced, adrenaline fuelled motor-sport could be comparable to managing staff and talking to your customers, but the similarities are startling. The most important similarity being communication. In the same way that no successful
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Why Open Banking should be on the radar of business owners
by Ben Lobel • • 0 Comments
While the news is littered with predictions and guestimates of how Brexit will impact UK business, there is a quiet revolution taking place that might well be a game-changer for British SMEs. Ironically, this revolution is driven by European legislation and relates to the finance and banking sector. Called Payments Service Directive 2 (PSD2) it
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Small business banking: A complete guide
by Ben Lobel • • 0 Comments
Everything starts with a great idea. You work out the product or service features, create concepts, build a prototype and maybe even have the first interested customers. Perfect, that’s a great start! But there is more to building an entire business than just the product. Even just for starters, you must decide on the format
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Key tips to opening and managing a business bank account
by Ben Lobel • • 0 Comments
You have successfully registered your business and are ready to go. But there is at least one further step you have to take: find a bank and open a commercial bank account. Here is more information on how to find the bank that suits your company best and how to open and manage your business
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Five ways the coalition could affect the finances of small businesses
by Owen Gough • • 0 Comments
Parliament officially opened for the next session after the Queen made her speech, laying out the legislative for the next two years, under the leadership of the new coalition government made up of the Conservative and DUP party. No 10 announced on Monday that the much-awaited coalition deal between both parties had been finalised. The
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Why business owners need to prepare for cheque system shake-up
by Owen Gough • • 0 Comments
October 2017 will see one of the biggest shake ups to the English banking system in years, as the laborious cheque clearing system is forced to acknowledge 21st century technology. Traditionally, once a business or personal cheque is paid into a bank account, the account holder can look forward to waiting six whole working days
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