Monthly Archives: June 2021

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Debt recovery explained – a guide for your small business

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Originally written by Chris Leslie on Small Business
Debt recovery explained
Businesses go bust not only because they lose clients or an important contract, but more often than not because they run out of cash, money which if collected could have led to a very different outcome indeed. But before you consider appointing a third-party to help you collect what’s owed, first look at your own internal systems and procedures to avoid a crisis in the first place. Ask yourself what you know about your customer: Are they a good credit risk? Do they have an established reputation? “Knowing Your Customer” is the first, and arguably the most, important step in how to get paid.
Assuming my customer is a good credit risk, then how can I prevent a debt from going bad?
There are some really basic things to consider, and which may avoid having to escalate the problem to a third-party:

Have you invoiced the correct amount, to the right legal entity and at the right address?
Have you included a Purchase Order (PO) where one is asked for?
Indeed, have you spoken to your customer at the beginning and asked them whether there is a particular process you should follow?

It’s amazing how many invoices

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Eco business grants – get funding in England, Scotland, Wales and NI

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Originally written by Anna Jordan on Small Business
Many entrepreneurs are looking to eco business grants to help them fund environmental projects, adopt green technologies and become more sustainable.
Funding comes under the following categories and are often distributed by local authorities:

Renewable energy business grants
Sustainability grants
Energy efficiency grants
Sustainable innovation
Green jobs

The grants below have been divided according to where they are in the UK and contain a link to the application page which will give you more information.
England
Woodland Creation Planning Grant (WCPG)
Receive a maximum of £30,000 per project for creating multi-purpose woodland.
Coventry and Warwickshire Green Business Programme
The purpose of these grants is to invest in equipment that cuts down on carbon emissions within your business. Warwickshire District Council will fund up to 40 per cent, providing grants between £1,000 and £50,000. The grants are for installing energy efficient equipment like LED controls and renewable technologies.
Low Carbon Revenue Grants, Warwickshire
These grants aim to commercialise low carbon products either new to the company or to the general market. Once again, it’s 40 per cent cover but with a maximum £6,000 funding. It covers things like market research, software and manufacturing consultancy as well as intellectual property protection and certifications.
Business Energy Efficiency Programme (BEEP), Worcestershire County
Worcestershire

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