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?
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How to fund your business
Key Guides
- How to Fund your BusinessThe main sources of finance to fledgling businesses
- Angels or Dragons?How to ensure that an potential investor is a good fit
- What are Business Angels?What can angel investors offer your business?
- Get Business FundingYou can source funds from a multitude or different places
- Business GrantsHundreds of different grants are available if you know where to look
- Enterprise Investment SchemeHow the EIS scheme works, and the benefits to investors
- Venture Capital TrustsHow to invest in VCTs and be eligible for tax breaks
- Secrets of getting a bank loanMaximise your chances of your bank manager saying ‘yes’
- Small Business LoansWhat to look out for when taking out a business loan
- Impress business angelsSome tips to ensure you impress angel investors
- What are Venture Capitalists?What do VC’s do, and how to attract their interest
Raising Money
- Late payment excusesTen of the most popular excuses used by customers
- Debt recovery serviceWhat to do when you’ve exhausted your debt recovery efforts
- What if your business goes under?A guide to insolvency, liquidation and bankruptcy
- Get paid on timeSeven tips to help ensure your invoices are paid on time
- Invoice finance & factoringAn overview of how invoice financing can free up your cashflow
- Invoice finance benefitsWhat are the pros and cons of using a factoring service?
- Invoice DiscountingHow to use your business assets to free up your cashflow
- Buying a businessThings to consider before buying another business
- Selling a businessHow to make sure you make the most out of the deal
- How to value a businessThe standard (and not so standard) valuation methods available
Cashflow Management
Invoice Financing
Buy/Sell a Business
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.
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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Many businesses will need to raise funds at some time – either at the start-up stage, or to fund ongoing expansion. With credit currently in short supply and the possibility of a ‘double dip recession’ a possibility in 2012, here is an overview of the various options open to small businesses looking to raise funds.
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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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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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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 couple of years of your new venture, the ability to get cash into your bank account faster than it goes out again will be one of the main measures of it being 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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Cashflow can often be a problem for small and growing businesses. Here we examine some possible solutions to improving your cashflow, Invoice Finance and Factoring.
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Now we are in the middle of an economic downturn, one of the most important things small companies should do is to keep a firm control on their cash flow.
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The lifeblood of any business is cash. You need good cash flow to keep your business viable. In some ways it’s more important than turning a profit – it’s not unheard of for profitable businesses to go under, just because they ran out of cash. There are plenty of examples of this scenario playing out in the current economic climate.
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Good cashflow management should be one of the most important priorities for businesses of any size. As has been so brutally demonstrated in recent months, it is possible for perfectly solvent companies to become unsustainable if cashflow becomes a problem.
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Whatever your business does, the purpose of it is simple: to do it at a profit.
That’s the whole point of business. Even if you run a not for profit organisation, you still need to make a profit to reinvest (or at the very least break even).
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If a stranger walked up to you and asked to borrow £100 on the spot with a promise that you would be paid back in 30 days, would you oblige? Thought not. What about repayment and the implications if it failed to materialise? Despite these obvious risks, many organisations need to do business this way.
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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, according to a national accountancy group.
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