One of the biggest problems start-ups and small businesses face are late payments. The costs to small business owners adds up to £6.7 billion per year just to chase outstanding invoices. Clearly this is a major problem for small businesses with limited resources, and tight cashflow, as we highlighted earlier this year. In this blog
Securing funding is a priority for all start-ups, entrepreneurs and small businesses. Without cashflow, it doesn’t matter how promising a business idea is. And one channel many entrepreneurs pursue for funding are angel investors. How do angel investors work? An angel investor is someone who uses their own personal money to invest in a small
Becoming a visible industry expert, thought leader and authority in your chosen sector helps you to build credibility and attract and retain customers. For small business owners, implementing a communications and reputation building plan will ensure that you can make your mark in a crowded field. People will always want to listen to authority figures.
What’s more important for your small business? Is it your people or the technology you invest in? As the business sector transitions into a totally digital world, some entrepreneurs and small business owners are focusing more on tech than people. New research from Yorkshire Bank’s Expect More report, shows that nearly half of UK SME
Artificial Intelligence (AI) is more than just a tech buzzword. Along with automation, AI is very much here to stay, and is currently revolutionising the way we live and work. But when, and how, should small businesses jump on the AI bandwagon? For small business owners, the question shouldn’t be whether to get involved with
Many businesses across the UK think the tax system in this country is fundamentally unfair, according to new research from the British Chambers of Commerce (BCC). A report released in April 2019 from the BCC indicates that not only do businesses report its intrinsic unfairness, but they also want more support to ensure compliance. The
Small and medium sized businesses (SMEs) have flexibility, agility and responsiveness on their side in the battle against large companies. The ability to pivot and react to changes in your sector is invaluable when it comes to maintaining success and growing your business. And SMEs that embrace and work with flexible, fast, digital infrastructure
Charitable giving and corporate social responsibility (CSR) are not only positively impacting society, they’re also having a direct effect on profits for small businesses. Research by Work for Good shows that nearly 70% of businesses report a boost in profits when they have a regular charitable giving strategy. The study confirms that 68% of businesses
For those working in the corporate sector, the idea of working from home can seem tempting. An ever-increasing number of entrepreneurs and start-up business owners in the UK are doing just that. If you’re not already working from home, have you ever wondered what it’s really like? Are there downsides as well as upsides? And
A new Brexit date of 12 April 2019 is the Government’s current target to get Parliament to agree to the Prime Minister’s deal. It has now been voted down three times, and a series of non-binding indicative votes have been on the table over the last week. The votes of 1 April appeared to show
