According to the latest independent statistics, released by the ONS, UK exports rose 7.4% (£43.3 billion) to £625.4 billion to the end of April 2018 compared to the same time last year. Exports continue to grow faster than imports for the tenth month continuously with the overall trade deficit narrowing by £6.7 billion from £37.5 Read More
Basware, a Finnish e-procurement vendor, together with YouGov have released a survey revealing the need for new late payment legislation among UK SMEs. The survey covering 2,000 small businesses with less than 250 staff has found that more than half support a change in the law around late payments – with six-in-10 backing the introduction of a Read More
No one likes having to fire a client, but sometimes it’s for the best. Toxic clients are more than just difficult to deal with – they can make your business less productive and profitable, too. 1. The Client Doesn’t Respect Your Time Do you have a client who expects you to finish work in an unrealistically Read More
Never leave money on the table. When it comes to doing business, cash is still king. You might be going viral on social media. Or your sales might be shooting through the roof. But if you don’t have enough cash to reinvest in your growth, it’s just a matter of time before your business fails. Read More
rainmaker_form id=”329″ Networking goes hand in hand with running a successful business. But many of us dread walking into a room and introducing ourselves to a bunch of strangers. 1. Resist the urge to arrive late. It’s almost counter-intuitive, but showing up early at a networking event is a much better strategy than getting Read More
Amid the backdrop of Brexit, the economic balance between imports and exports is a continuous juggling act for economies across the world. In the three months to December 2017, the UK trade deficit grew by £3.8 billion to £10.8 billion. Figures became the latest rallying cry for businesses to ramp-up export volumes, while sterling’s devaluation seemingly Read More
A business website is a key tool for companies looking to grow and offers an array of benefits from the ability to sell goods online via e-commerce, to providing current and potential customers with important information about your business and its products and services. However, if you’re looking to grow your business overseas then you Read More
Mid-sized businesses in the UK have grown faster and generated a larger profit growth in the last five years than the nation’s large and small companies combined, according to a new report from accountancy and business advisory firm BDO. These SMEs constitute 99.9% of all private sector businesses and employ over 60% of the private Read More
A recent UK business survey by Markit has shown that manufacturers report strongest growth expectations since June 2015 and that UK business confidence continues to recover from the post-election low recorded in June 2017. Manufacturers report that they view an improving global economic situation and hopes of increased export sales. This means that most manufacturers are optimistic Read More
Factoring and invoice finance has become an increasingly popular method in recent years for business to deal with the strains of cashflow. So, what is it and how does it work? Natalie of Champ Marketing has a story that is familiar to many small business owners: “I was always checking my mail looking for cheques Read More