6 key changes businesses should have made over the past 2 years

The pandemic has been transformative in many ways. It has changed how we view our health, how we communicate and, of course, how we run our businesses. Whilst we certainly wouldn’t want to do it again, it has taught us a lot of valuable lessons. In light of the lesson we’ve learnt, we thought we’d … Read more

The Do’s and Don’ts of pricing in a recession

No matter how big or successful your company is, maintaining business throughout a recession is hard. With fluctuating demands, losses in sales and competitive price drops, the whole experience can feel like a rollercoaster ride. So how do you survive the economic chaos? To help guide you through, we’ve created a comprehensive list of pricing … Read more

Accounts receivable vs accounts payable: what’s the difference?

You can only manage your finances effectively if you know certain numbers and, as we all know, credit control leads to consistent cash flow which is vital for business success. To help you manage your financial processes more effectively, here are two numbers that you need to know: accounts receivable and accounts payable. What are … Read more

10 tactics to make sure your invoices get paid.

piggy bank

Wouldn’t life be simple if you could guarantee that your invoice would get paid on time every time? Sadly, this isn’t always the reality. With the economy coming out of recession, there is a very clear and present danger that your business invoices may not get paid in a timely fashion. Here are our best … Read more

Why should I switch to a digital payment process?

why should I switch to a digital payment process

According to studies, SMEs spend on average, a whopping £4.4 billion per annum chasing late payments. This problem is only exacerbated by traditional (and slow!) payment methods too such as cash and cheques, so what is the solution to this? To reduce the time between invoicing and the money actually clearing into your accounts receivables … Read more

How do I make more money without spending a penny!

If you’ve lost clients due to the Covid-19 pandemic, you are not the only one. Countless businesses have lost a substantial amount of revenue, some of which have been forced to declare bankruptcy or shut their doors for good. When we lose clients, it can be tempting to jump back on the sales horse and … Read more

How to recover your accounts receivables

blobs

How to Recover Your Accounts Receivables After Covid-19 The pandemic has not been kind to business. Many companies have struggled with poor cash flow, defaulting on payments and many have even gone bankrupt. Even now, businesses still struggle, so, understandably, that the financial situation of most businesses in the world is bleak. With that being … Read more

10 ways to make sure your invoices get paid!

Wouldn’t life be simple if you could guarantee that your invoice would get paid on time every time? Sadly, this isn’t always the reality. With the economy coming out of recession, there is a danger that your business invoices may not get paid in a timely fashion. Here are our best tips for getting your … Read more

What finance is available for small businesses in 2021?

notepad and pen

Just thinking about how much the government has forked out during the COVID-19 crisis is scary; never mind hearing the numbers (it was £284 billion at the end of 2020, just FYI). But the funny thing about the economy is that you have to borrow to build.  Small businesses have relied on government-backed financial support … Read more

10 ways to improve your business cash flow

money

For a business to grow sustainably (and to successfully make it through the financial bumps in the road), cash flow needs to be a priority. And not just when times are tough and cash is tight. Making sure that you’re maintaining an optimal level of cash on hand at all times; this is essential to … Read more