Practical articles and commentary to help business owners think more clearly about recovery, cash flow and commercial risk.
In the ever-evolving retail industry, few things are as unsettling as the news of a once-thriving giant facing insolvency. Wilko, a household name synonymous with quality and affordability, recently plunged into insolvency, sending shockwaves through the retail realm. As the industry braces for the repercussions, the ripples extend far beyond Wilko’s storefronts, affecting suppliers, landlords, and employees.
According to the recent Xero Small Business Payment Data, small businesses experienced several trends in September, including wage and job growth, a 29.7-day payment waiting period, and increased sales.
While growth is positive, late payment trends can still impact cash flow.
Are you grappling with cash flow problems and struggling to communicate with creditors? If so, you’re not alone, and the stress and worry can take a toll on your well-being. Here are some strategies tailored to help you address these issues:
Managing a steady cashflow is never easy. With so many business attributes in abundance – it’s essential to have some sort of leverage to ensure your business gets paid. … and to deter would be non-payers. Here are 5 key reasons why the Late Payment of Commercial Debts and Interest Act 1998 (UK only) – […]
Sitting in between my Clients; ‘Mrs’ on the left and ‘Mr’ on the right. Whilst talking, every so often ‘Mr’ would look over his shoulder, past the Mercedes on his driveway and out into the street. The same pattern would continue throughout through the meeting. Eventually I couldn’t help but agitatedly ask – “Why do […]
Wow Air, Primera Air, Flybe, XL….. What do the above have in common? Well, they’re budget airline carriers who operate in a no-frills capacity. It’s estimated that around 30% of airlines who start to operate go bust within the first two to three years of trading. But why? Simply because of high operating costs, broken […]
What is a HCEO (High Court Enforcement Officer) and what do they do? Britain’s civil police force will, by any legal means necessary, enforce you to give up assets to pay for a CCJ, or a Judgment Debt. Often, this could have been avoided many days/months/weeks before. A few years back, I about the epidemic […]
What keeps a lot of entrepreneurs and service providers from charging what they’re really worth? They don’t price their products and services correctly … … they think “I am not a sales person.” Now, combine that with a healthy dose of “It’s rude to discuss money,” and you can see why it’s easier to just […]
There comes a time in every entrepreneur’s life when you have to raise your rates. Maybe you’ve been in business for years without a pay increase You’ve realised the cost of living has gone up, and what you’re charging doesn’t cover your expenses Perhaps your skills have recently improved through a new training course or […]
