As a small business owner, facing delayed payments or defaults from clients can create significant challenges. With economic fluctuations and ongoing market uncertainties, timely payments are more crucial than ever. However, before rushing into legal action, there are several proactive steps that can help reconcile debts and maintain strong business relationships.
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Every entrepreneur, business owner, and service provider will face this scenario at some point—likely more than once. It's a recurring challenge until you learn how to navigate it effectively.
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Do you ever find yourself overwhelmed by the sheer volume of tasks awaiting your attention as a small business owner?
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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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