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?
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.
An effective treasurer is a vital part of running a community organisation. But taking on the role is a significant responsibility, with even the smallest organisations facing financial red tape and tax regulations.
Good advisers can make a huge difference to a business. From the start, they can ensure that a new business is set up the right way, with effective financial systems, the right contracts and an understanding of the key legal issues.
A helpful checklist on drawing up your business budget, including what to put in it and who to involve in the process.
Budgeting sets out your financial expectations for the business. While it’s not possible to know exactly what the future holds, budgeting reduces the level of uncertainty and helps you anticipate problems.
Paul Uppal explains his role and government efforts to help small business by tackling late payment
Staying on top of your finances is vital if you want your business to succeed. Read our handy hints on controlling your budget.
A financial stress test considers an organisation’s ability to withstand a crisis. Large international banks have been stress testing their own balance sheets for decades, and more recently, financial regulators around the world have been carrying out their own stress tests to examine the robustness of banks.
Research by accounting software provider Xero suggests that the average UK small firm now spends a tenth of the working day chasing payments and waits an average of 14 days after due date to get paid.