Invoicing shouldn’t be so difficult.
Tag Archive for Invoicing
Hot Business News Today
What winning The Start-Up Series meant for me – Phil Daneshyar, Kanda
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Electrician Richard Fleeman had a problem. As an electrical contractor, a client he’d completed work for had gone bankrupt, leaving him £20,000 out of pocket. Was there a way, he wondered, for tradespeople such as himself to make sure they got paid once the work was done. He talked it over with his cousin, Rob Gallagher, who happened to be studying astrophysics at the University of Cambridge. The pair came up with a digital platform which would be an escrow account for tradespeople using cryptocurrency; the money would be released once the job was completed.
Richard and Rob brought in their friend Phil Daneshyar, who’d already had experience as an entrepreneur, going on Dragon’s Den in 2017 – the year he left the University of York – to pitch a device which monitored your water consumption. Although the dragons held on to their cash, California-based 11 Health licensed the technology to monitor how dehydrated chronically ill patients were.
The trio launched the website Tradesmart last December and, later that month, won £150,000 worth of investment from The Start-Up Series Fund through Worth Capital.
>See also: What winning The Start-Up Series meant for me – Scott
Hot Business News Today
What winning The Start-Up Series meant for me – Phil Daneshyar, Kanda
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Electrician Richard Fleeman had a problem. As an electrical contractor, a client he’d completed work for had gone bankrupt, leaving him £20,000 out of pocket. Was there a way, he wondered, for tradespeople such as himself to make sure they got paid once the work was done. He talked it over with his cousin, Rob Gallagher, who happened to be studying astrophysics at the University of Cambridge. The pair came up with a digital platform which would be an escrow account for tradespeople using cryptocurrency; the money would be released once the job was completed.
Richard and Rob brought in their friend Phil Daneshyar, who’d already had experience as an entrepreneur, going on Dragon’s Den in 2017 – the year he left the University of York – to pitch a device which monitored your water consumption. Although the dragons held on to their cash, California-based 11 Health licensed the technology to monitor how dehydrated chronically ill patients were.
The trio launched the website Tradesmart last December and, later that month, won £150,000 worth of investment from The Start-Up Series Fund through Worth Capital.
>See also: What winning The Start-Up Series meant for me – Scott
Hot Business News Today
Local lockdowns only make the problem of late payment worse
by paulchristensen • • 0 Comments
Originally written by paulchristensen on Small Business
Yesterday the government announced a raft of new local lockdown restrictions in Liverpool. These follow on from local lockdowns across the north of the country, and likely precede harsher measures in the next week or so to be imposed on London.
It is clear that the government remains committed to keeping the “R” rate low, and prioritising protecting the NHS’ capacity over any resultant economic harms. That’s its trade off to make – but if it is a trade-off it insists on making, then small businesses need the government’s support more than ever.
These hyper-localised lockdowns have a huge impact on the small business community. For a large number of SMEs, their suppliers and customers are geographically proximate to their base of operations. This means that the viability of their business is tied to the health of the local economy, and, critically, to individuals and businesses producing and buying goods and services.
>See also: HSBC will not accept any more Bounce Back Loan applications
Think about a medium-sized grocer that supplies a number of large corporates in Liverpool. With profits already damaged by the downturn in orders from cruise lines and shipping companies, they are having to extend
Hot Business News Today
Local lockdowns only make the problem of late payment worse
by paulchristensen • • 0 Comments
Originally written by paulchristensen on Small Business
Yesterday the government announced a raft of new local lockdown restrictions in Liverpool. These follow on from local lockdowns across the north of the country, and likely precede harsher measures in the next week or so to be imposed on London.
It is clear that the government remains committed to keeping the “R” rate low, and prioritising protecting the NHS’ capacity over any resultant economic harms. That’s its trade off to make – but if it is a trade-off it insists on making, then small businesses need the government’s support more than ever.
These hyper-localised lockdowns have a huge impact on the small business community. For a large number of SMEs, their suppliers and customers are geographically proximate to their base of operations. This means that the viability of their business is tied to the health of the local economy, and, critically, to individuals and businesses producing and buying goods and services.
>See also: HSBC will not accept any more Bounce Back Loan applications
Think about a medium-sized grocer that supplies a number of large corporates in Liverpool. With profits already damaged by the downturn in orders from cruise lines and shipping companies, they are having to extend
Hot Business News Today
The Invoicing Tool Every Small Business Should Know About
by Entrepreneur Store • • 0 Comments
Write proposals, get paid and keep your company running smoothly with Invoice Crowd for less than $50.
Hot Business News Today
How to tackle late payments to your small business
by Antti-Jussi Suominen • • 0 Comments
Originally written by Antti-Jussi Suominen on Small Business
Small businesses face an ongoing threat from late payments. Chancellor Phillip Hammond announced in his Spring Statement plans to “tackle the scourge of late payments” by large corporations to their small suppliers. Promising a “brighter future”’ for the UK’s 5.6 million small businesses, he outlined a requirement for big companies to report on how they’re paying their suppliers.
According to the Federation of Small Businesses, around four in five businesses have been paid late, the impact of which is far-reaching.
Bacs, the bank money transfer service, has calculated that Britain’s small businesses spent £6.7 billion in 2018 just to collect money they were already owed. Furthermore, the same research revealed that over a quarter of small business owners who have experienced late payments have been forced to pay their own suppliers late, and 28pc say they’ve had to cut their own salaries in order to keep their business afloat. Indeed, cash flow issues arising from late payments mean that more than two million people in the UK may not have been paid in time.
Late payments result in the closure of more than 50,000 small businesses each year, says the FSB, costing the economy £2.5 billion.
Hot Business News Today
Here’s seven tips for getting paid promptly as a small business owner
by Ivo Weevers • • 0 Comments
For all the freedom that being a business owner brings, being paid late is one of the most disempowering and dispiriting things about self employment. SMEs in the UK are paid on average 21 days late, which has an affect on cashflow, financial freedom, and in some cases even mental health. According to recent research
The post Here’s seven tips for getting paid promptly as a small business owner appeared first on Small Business.
Hot Business News Today
The business case for improving the purchasing process
by Ben Lobel • • 0 Comments
Many businesses rely on controls over expenditure at the point of receipt of a supplier invoice, making it difficult to produce timely and reliable management accounts. This results in a lack of visibility of commitments that have been previously made, leading to surprises. When supplier invoices arrive, spending may have been higher than expected. Moving
The post The business case for improving the purchasing process appeared first on Small Business.
Hot Business News Today
15 Advantages of Using an Online Invoicing Software
by Due • • 0 Comments
Scaling your business may sound impossible, but one of the first places to start is with your billing.