As a small business owner, cash flow problems and challenging creditor communication can be daunting. The stress from these issues can take a toll on your mental and emotional well-being. Here are some practical strategies to help you manage these difficulties effectively.
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Businesses continue to face significant financial challenges, necessitating tough decisions about their future. The latest insolvency statistics from The Insolvency Service provide a clear picture of these struggles, with monthly figures showing a drop in certain insolvency procedures, while annual trends highlight ongoing difficulties.
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With Labour in power, the UK embarks on a transformative journey towards economic equity and revitalised local communities. Keir Starmer's leadership fosters a fair business environment, addresses critical issues like late payments, and ensures small businesses thrive. Labour's forward-thinking policies promise economic growth and a more inclusive and sustainable future.
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Navigating the rising cost of living can be challenging for small business owners. With inflation affecting prices across the board, understanding the dynamics and implementing strategic measures is crucial for sustaining your business. Here's a concise guide to navigating these challenges.
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Cazoo (an online car dealer retailer) and Ted Baker (a retail fashion house) entered into insolvency in recent months, thanks to the mothball and ripple effect causing a heel and toe in this area.
An opinion by Ron Mookerjee.
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It can be frustrating and stressful when a business defaults and delays payments to smaller business owners like us. However, there are steps we can take to address these issues without resorting to legal action. This blog outlines practical strategies for small business owners to effectively manage and resolve debt disputes.
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Technically, we should be out of a recession based on figures published this month. However, with the Bank of England currently holding the base at its current level, the ripple effect paints a painful picture.
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This week, we'll dive into the complexities of creditors' rights and the challenges directors face in meeting their obligations. Today, we will explore creditors' rights and whether they should be part of the final demand process.
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Are you struggling with your business? Do you feel like you're constantly fighting against the current, trying to keep your head above water? I've been there, and I get it. But trust me, there's a way out. It's all about finding your inner strength and the right strategies to keep moving forward, even when things seem bleak.
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Are you feeling the weight of financial uncertainty on your small or medium-sized business (SME)? If so, you're not alone. Recent findings from the Novuna Business Cash Flow survey reveal a startling reality: 34% of SMEs are teetering on the brink of closure due to a lack of funding. It's a stark reminder of our challenges in today's economic landscape.
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