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Online working makes SMEs more competitive |   |
New research shows businesses are reaping the benefits of the digital age
E-business is allowing small and medium-sized enterprises to be more competitive, as well as improving quality of life for owner-managers, according to new independent research released today by the UK's only online factoring service, click4cashflow.
In the survey, 82 per cent of SMEs questioned said that working online allowed their business to be more competitive, while 88 per cent said it had improved their work-life balance.
The survey also showed companies are following in the steps of consumers, with a quarter saying they are keen to conduct their business finance online. When asked what they liked about online financing, more than half cited 24 hour access and 30 per cent said speed was the main draw.
Posted January 10, 2006
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[November 21, 2008] Most businesses that go under do so not because they aren’t profitable, but because they run out of cash. Here are some good money habits to help ensure the financial success of your small business
[November 11, 2008] Small companies, who are more vulnerable than their larger rivals to the banking credit squeeze, can take some simple measures to reduce cash flow problems and to cut out the risk of bad debts. Here are ten top tips to help you avoid bad debts and improve cash flow.
[October 20, 2008] The ICAEW has warned small companies to credit check their customers in the current economic climate, to help protect themselves against potential bad debts and late payers. Includes some credit checking tips.
[October 8, 2008] With many large firms wondering if they can weather the economic storm, here are some tips to help small companies remain agile enough to negotiate the economic black hole – by careful business planning.
[October 6, 2008] During economic downturns, one of the main reasons why businesses go under is because they run out of cash. However sound your business is in other ways, successful cashflow management should be your main priority with a recession looking more likely.
[September 26, 2008] Don’t get crunched! Here are some tips for protecting your business in an economic downturn, from credit control to keeping your employees motivated.
[September 8, 2008] While it may be tempting to ignore business debt, it could actually be the worse thing you can do. This piece discusses the options open to businesses either to rescue the company from debt, or if there is no other option but to cease trading.
[August 26, 2008] New research shows that the UK's small companies are being hit by the double threat of suppliers billing quicker and clients paying late. Includes top tips for managing your business cashflow.
[August 14, 2008] The Bank of England has recently confirmed the likelihood of a recession in the UK. So what is in store for businesses? Recessions are never nice things to go through. But as a business you can survive them by following and acting on a few basic principles.
[August 5, 2008] For many months now, we've reported the worsening late payment climate in the UK - a worrying by-product of the "credit crunch". In this article, the ACCA have provided us with their essential Top Ten Tips for securing debt recovery.
[July 24, 2008] Worrying new evidence shows that large companies are exploiting smaller ones by delaying invoice settlement and imposing draconian new payment terms with little notice.
[July 18, 2008] A new survey has found that 82% of businesses are seeing an increase in the number of customers that are paying late.
[June 5, 2008] What does the economic downturn mean for small businesses, looking first and foremost at cashflow and cashflow blockages. Includes exclusive top cashflow tips from market leaders, Sage.
[June 3, 2008] The last thing you want to do when running a business is to run out of cash. Here is a guide to what can happen to businesses who can't pay their bills - insolvency, liquidation and bankruptcy explained.
[April 10, 2008] According to research published by Bacs this week, an incredible 83% of small businesses are not exercising their right to charge interest on overdue invoices, despite ten year old legislation designed for that very purpose.
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