Selected Filters: Running a business
Many British businesses remain confident that they will succeed in the current trading environment, even considering the uncertainty around the outcome of Brexit1.
Exporting can open up a new world of opportunities for your business – but is it right for you and what is the right approach to take?
Our helpful checklist will show you the areas to target when you’re trying to understand or reduce business costs.
If you are considering making your business more environmentally responsible, a variety of grants, loans and government-sponsored initiatives can help you. The support on offer can range from funding towards new energy-efficient equipment to free business advice and awards that you can use to boost your marketing efforts.
A SWOT analysis looks at your strengths and weaknesses, and the opportunities and threats your business faces.
Most businesses experience some problems getting paid on time by their customers. Good credit control helps to prevent this becoming a serious problem.
If you have decided to invest or reinvest in cars for your business, raising the money is unlikely to be a problem. Provided you have the cash for the deposit and a reasonable credit record, any dealer will arrange terms.
The company secretary acts as the chief administrative officer of the company, and shares various responsibilities with the directors under the Companies Act. Private companies are no longer obliged to appoint a company secretary, although most companies continue to do so.
Late payments create cash flow problems and can increase the risk that you will not be paid at all. Using your legal right to claim interest from late-paying customers can encourage customers to pay on time.
Effective cash flow management is vital to ensure that your business has the funding needed to keep trading and make the most of opportunities to grow. A business can survive for a short time without sales or profits, but not without cash.