Although it may not reflect ‘real life’, the BBC’s Dragons’ Den programme has done a good job in highlighting the role that angel investors play in the business world.
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How to set up and run a small business
Raising Money
Cashflow Management
Invoice Financing
Buy/Sell a Business
Although it may not reflect ‘real life’, the BBC’s Dragons’ Den programme has done a good job in highlighting the role that angel investors play in the business world.
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The Government launched the EFG scheme to encourage lenders to provide further funding to smaller businesses following the credit crisis. In this article, we look at the how the scheme operates in practice, and how small firms can benefit.
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Many businesses will need to raise funds at some time – either at the start-up stage, or to finance expansion. With ‘traditional’ credit still in short supply and the possibility of a ‘triple dip recession’ in 2013, here is an overview of the various options open to small businesses looking to raise funds.
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With the first two months of the year typically the worst for late payment, a leading debt recovery law firm has provided some advice to small businesses on how to deal with late paying customers by being tough from the moment an invoice becomes overdue.
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If you’ve got a business headache right now, there’s a pretty good chance it’s to do with clients owing you money.
It’s almost as if the economic downturn has become a prime opportunity for anyone who fancies improving their own cash flow to help themselves to better credit terms from their suppliers… but without asking permission.
That has a knock on effect right down the line. And it’s no wonder that small, cash poor companies at the bottom of the chain are the ones that suffer the most.
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The single biggest cause of small business failure in the UK is poor cash flow management, most often brought on by late payment issues.
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Credit limit application forms are a useful way of finding out the financial capabilities of a new client or customer, before you agree to provide them with any form of credit.
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Often when you see adverts for loans – particularly debt consolidation loans – you’ll hear them speak of ‘CCJs’ as something that might have prevented you from being approved for a loan elsewhere.
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One of the big issues when you’re taking on a new client is whether you can trust them to pay you or not – so how best do you deal with this concern?
Some people charge a deposit or part-payment upfront, but that can be off-putting to customers, who equally don’t know whether you’re trustworthy and might decide to go with a freelancer who doesn’t ask for payment upfront.
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A recent survey shows, once again, that late paying customers remain the biggest single threat to the health of the UK’s small businesses. Here, we provide some tips on how to avoid late payment problems.
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Raising business finance is difficult at the best of times but in today’s age of austerity banks, business angels and governments are tightening their belts, cutting off the supply of cash which is leaving start-ups and growing businesses who need seed finance thirsty for money. As a result venture capital is being democratised.
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Cash flow is the most important thing in your business – more important even than profit. If you imagine cash to be the blood cells of a business, then cash flow is the rush of blood, keeping the business alive.
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Here are some Bytestart tips on how to keep on top of your business finance, based on our experience of running small businesses over the past 15 years.
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Angel investors can be a lifesaver for a small enterprise – not only can they supply capital investment, but they often have years of valuable experience to offer to a business.
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Unpredictable cash flow can be one of the most common barriers to growth.
As raw material and product costs fluctuate and you strive to get paid on time by customers, confidence that you have access to funds is crucial to maintaining stability and achieving future success in your business.
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With late payment problems a constant burden for small business owners, we look at the most common delaying tactics used by customers and clients, and how you should react to late payment excuses.
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As late payment problems consider to plague small businesses, we have teamed up with a leading debt recovery service to ensure that our visitors to help ensure that their invoices are paid.
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Cash is the life blood of any business. And in the first few years of your start-up, the ability to get cash into your bank account faster than it goes out again will be one of the main measures of whether it is a viable business. Even more so during tough economic times.
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If you’re doing well enough that your business is growing rapidly – and there are plenty of businesses achieving that no matter what you read in the media right now – then you may find yourself in a unique financial situation.
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Invoice finance and factoring are two terms you may have heard thrown around in relation to business finances – but what exactly are they?
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