Raising finance to grow your business is not about today, it is about tomorrow. The right finance package can be a positive force within your business, one which can be used to propel your business forward.
Building a bigger, better future… that’s what we do
When you’re looking for finance to grow, a lender will want to see a well constructed Business Plan. A great Plan sets out a clear vision for the future, a future in which you soar above your competition.
Helping business owners soar… that’s what we do.
The whole process of raising finance can be a distraction and divert your attention away from what’s important. With mounting priorities it’s a case of which one has to wait. Typically raising finance is one task that can grind you down.
Making it happen… that’s what we do
No one wants to stay in the same place; it’s boring and monotonous. Growth is much more exciting but getting to the next level takes money and with it a range of financial options to consider.
Taking your business to the next level… that’s what we do
Posted on 01.02.2014, by Rob Warlow
Our weekly Friday Business Finance Bulletin video is out. This week Rob Warlow looks at a new campaign being run by the banks to get businesses borrowing (yes, you did read that right!); how a UK crowdfunding finance raise for a property developer has broken all records and finally why you should never have to find an excuse to pick up the phone to chase late payers.
Posted on 27.01.2014, by Rob Warlow
In this edition of the Business Finance Bulletin Rob Warlow looks at the low level of awareness among business owners of crowdfunding and peer-to-peer lending; how the government has been taken to task for its lack of success in stimulating bank lending; and why you need to keep a close eye on cash during times of growth by balancing the use of cash with different forms of finance.
Posted on 18.01.2014, by Rob Warlow
This week, in our latest Business Finance Bulletin, a look at a problem which can lead to poor cashflow; a quick review of a new peer-to-peer lender, Lending Works which launched this week; and the Tip of the Week follows a Twitter exchange we had last week on proactively using regular financial information.
Poor cashflow is one of the main reasons why businesses approach banks for finance. Typically they request an overdraft facility in order to bridge the gap between the payments they need to make to creditors and receiving payments from their clients.
But in some cases a cashflow crunch can simply be caused by poor administration.
We have talked previously on this blog about how systems and processes in terms of managing late payments is important and yet a recent survey has thrown up another reason… forgetting to invoice in the first place!
After all, you can’t chase invoices you’ve not issued!
According to a survey carried out by business and finance software provider Exact , out of the 450 SMEs which participated, 20% admitted to forgetting to invoice for services or goods at least once. The study also found that approximately 12% of the invoices were worth between £5,000 and £10,000, while six per cent were for services or goods worth more than £10,000.
So if you are suffering from strained cashflow don’t automatically go running to the bank, check you have invoiced for every order and of course chase those that are overdue.
Posted on 13.11.2013, by Rob Warlow
One of the main reasons why businesses turn to banks for help is to bridge the gap between paying suppliers and receiving payments on invoices they have issued. However, late payment and overdue invoices can often put pressure on businesses when it comes to keeping within agree overdraft limits.
In the latest of its quarterly Late Payment Index surveys Experian, the credit reference agency, highlights the problems of dealing with large businesses when it comes to payment. According to Experian the UK’s largest businesses are paying their overdue bills on average 15 days later than smaller companies.
The latest survey reveals that larger companies (more then 501 employees) pay 35 days beyond agreed terms whereas small companies pay 20 days over terms. The fact that both large and small firms pay over and above terms is bad enough but at least smaller firms (who probably better appreciate the pain of late payment), make more of an effort.
Comparing previous results, the spectre of late payment is again creeping up on businesses. Larger business are now taking on average three days longer to settle invoices compared to the same period last year. Smaller firms are more or less paying up within the same timescale.
So pick wisely as to whom you do business with!
Poor cashflow is one of the main reasons for business failure so it’s up to you to ensure you have a clear credit collection process in place to avoid getting caught in a cash crunch.
Hi Rob, it was so interesting and entertaining listening to you at the Kevin Green Wealth Coach Workshop in Reading this weekend! I didnt realise you can find Finance proposals such fun!. Brilliant tips! Thanks.
Further to your recent presentation at LEAD Wales just wanted to say it was very refreshing to see somebody talk passionately and positively about finance, very insightful!
Rob kindly agreed to attend the recent Pontypridd RFC sponsors networking evening and delivered what can only be described as an excellent talk on 5 Tactics to Boost Your Business and Your Profits. He kept the audience engaged throughout and the feedback from everyone was excellent. Rob is very knowledgeable on business and finance and on top of that is a genuine nice guy. We hope to have him back at a future event and I have no hesitation in recommending Rob’s services.
Rob delivered a series of 3 workshops aimed at understanding how finance houses look at finance propositions with the aim for us as a team to deliver more of a bespoke offering to our customer base. The training was delivered to a mixture of staff who work with new businesses start-ups and existing established businesses across Mid & South West Wales. Rob delivered the training with an abundance of passion and has really helped my team look at financial propositions in a different light, many thanks again Rob and I look forward to work with you in the near future.
I wanted to thank you for such an insightful, energetic, and entertaining talk at the Kevin Green Wealth event on securing funding and creating a successful plan. It was brilliantly executed and a pleasure to listen to and the ideas I’ve learned are definitely going to help me in going forward.