If you run a business you know about risk taking. The personal risk the owners of SMEs take to get their business started, to keep it going or to expand may go with the territory but also to a large extent goes unnoticed and unappreciated by the staff they employ. That’s just how it is running a business. Nevertheless it can be lonely at the top and can seem even more so when financial pressures start to tighten.
In response to rising business insolvencies[i], and trade credit insurance payouts at their highest since 2009[ii], Purbeck Insurance Services, the UK’s only provider of personal guarantee insurance to the directors and owners of UK SMEs has prepared top tips for SME survival.
Every company owner needs to understand how to fund a business, from the different lending options available to the process of what’s required to secure funds.
There are a number of different ways to finance a business – it’s all about finding the option that fits best with your company objectives and personal risk mindset.
Every day we receive calls from our policyholders asking for help in distressed business situations. For many people who run lifestyle businesses the cash flow is intrinsically linked to the weekly shopping budget and the need to keep the flow of paid invoices is essential.
Dr. Liam Fox, Secretary of State for International Trade, has announced steps to unlock finance for UK SMEs when exporting to emerging markets.
The Department for Business, Energy & Industrial Strategy has recently announced a support programme designed to help small businesses across a range of disciplines
When it comes to financing to start a small business, it’s important that you know what’s available to you so that you can realise your idea without leaving yourself personally vulnerable.