While Christmas is a peak operations time for many sectors, it can be a challenge for small businesses, which do not have the resources to cope with a festive flurry or a seasonal downturn in business. Here Rob Mercer, senior regional director, Ashley Finance, share his top tips for successfully making it through the Christmas
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Tag Archive for Cash Flow
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Sarah Willingham’s secret to launching your first business
by Ben Lobel • • 0 Comments
In the UK we currently have 5.4 million small businesses in operation, with this number growing every day as aspiring entrepreneurs pursue their dreams of owning their own business. It’s known that not everyone will succeed, but a stat that came to my attention and shocked me is that two thirds of businesses will fail
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A small business guide to getting your cash flow right
by Ben Lobel • • 0 Comments
There’s no doubt that cash flow is the lifeblood of a business and the cornerstone of business growth. Without cash coming into your business it’s impossible to meet all of your financial obligations from paying your taxes, through suppliers, to employees and yourself. However, some of the best-run businesses go under when cash flow becomes
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Accounts and tax: A small business guide to managing your finances
by Ben Lobel • • 0 Comments
You’ve decided to branch out on your own. Your business plan is solid and you’ve chosen how to trade. You’ve sorted your bank account, insurance is covered and you’ve registered with HMRC. You’ve got a swanky new office, your employees are due to get paid at the end of the month and everything feels pretty
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How to get unpaid invoices settled within four weeks
by Owen Gough • • 0 Comments
Creditors have better memories than debtors. So said Benjamin Franklin. If your business is sitting on a pile of uncollected invoices, you’re perhaps thinking, ‘Tell me about it’. You’ll know that chasing invoices is tedious, trying, and time-consuming, and at no time in your childhood did you say that your life’s ambition was to spend
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Cash flow is king – and automated payments are the answer
by Owen Gough • • 0 Comments
Helen Hannah, commercial director at leading payments bureau First Capital Cashflow, explains how businesses can manage cash flow effectively, using a variety of strategies, including using Direct Debit as a collection method. Anyone who has started their own business will know that in the first few years much time will be spent closely monitoring cash
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Have SMEs got the cashflow to tackle the new year slump?
by Owen Gough • • 0 Comments
For many SMEs, after the excitement of the festive period and the January sales finally abates, mitigating the drop in cashflow caused by consumers tightening their purse strings can put serious pressures across all business functions. To help bridge the gap, businesses and their supply chains need to ensure they have the working capital required
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Brexit concerns outweighed by cash flow and skills as barriers to growth
by Ben Lobel • • 0 Comments
In a new poll of entrepreneurs by the Entrepreneurs’ Forum, cash flow is cited as the most significant barrier to growth by more than a quarter of respondents, followed by challenges in recruiting personnel with the right skills (23 per cent). By contrast, Brexit only appears to only be a barrier to growth for 5 per cent of
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Cashflow problems undermine four in ten small firms
by Owen Gough • • 0 Comments
Four in ten (38 per cent) small and medium-sized businesses have suffered cashflow problems over the past two years, according to new research by Amicus Commercial Finance. The figure rises to two-thirds (65 per cent) among medium-sized firms with between 50 and 250 staff. According to the study conducted among 500 small businesses owners, over the past
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