For many small businesses, even profitable ones, the level of cash in the bank can be the difference between success and failure. Ensuring you know what you need in reserve – to meet your growth objectives or navigate bumps in the road – should be an integral part of SME business planning.
London Fashion Week (LFW) is one of the biggest dates in the global fashion calendar, bringing together 250 designers and orders worth £100 million in February and September every year.
The number of women in C-level, executive jobs is still relatively low in the UK. Just 6 of the FTSE 100 chief executives are women (8 are called Dave), and those male chief executives “earn on average 77% more” than the women on the same board.
Smart financial decisions make your small business go round. The cash entering and leaving your business is vital for its growth and survival, so it’s important to be informed, prepared, and flexible.
The recession is officially over, but the climate is still tough for small businesses and SMEs.
For that reason, many are looking to alternative finance options to expand and grow, rather than traditional routes. If you’re hesitating, here’s why your business will struggle to grow without an injection of funds.
Business owners in the United Kingdom are facing the highest rate of inflation for a decade, as Covid-19’s fallout drives up the cost of raw materials. Towards the end of 2021, significant supply chain disruptions were happening across the country and the rise in inflation is likely to see this continue well into 2022.
But other than a general 8% increase in price tags, how has the supply chain crisis affected the various sectors of industry so far, and what has it meant to business owners?
