UK Businesses Eyeing Global Expansion in 2024
The International Monetary Fund (IMF) predicts resilient global economic growth in 2024 with a 3.1% increase in GDP. Whilst most regions are expected to see positive growth this year, some…
Learn MoreMastering Accounts Receivable Management : A Perpetual Cycle
Effective financial management is crucial for the success of any business and a key component of this is proficient accounts receivable management. In this comprehensive guide, we’ll delve into the…
Learn MoreFinancial Brokers and Alternative Finance: Fostering Business Growth
The financial landscape has witnessed a paradigm shift with the emergence of multiple alternative finance providers over the past decades. These providers offer several viable alternatives to bank financing for…
Learn MoreHow to Expand a Business : Tips to Help You Grow in 2024
In the dynamic landscape of business ownership, the desire to expand a business is a common strategic goal for entrepreneurs looking to reach new heights, tap into fresh markets and…
Learn MoreTop 10 Ways to Improve Performance in Food and Beverage Manufacturing
There’s no doubt, being in the food and beverage manufacturing industry at this point in time is tough. It was never an industry for the faint-hearted, competing with established big…
Learn MoreDebtor in Possession Financing – A Complete Guide
If your business is experiencing severe financial challenges and considering filing for bankruptcy, all may not be lost as there is a special type of financing meant for businesses that…
Learn MoreUsing Staffing Factoring to Overcome Industry Challenges
Staffing factoring essentially refers to invoice factoring when used by a staffing company. Factoring for staffing companies, whilst the specific terms and advances of the arrangement may differ, works just…
Learn MoreOpen Door Immigration Policy – Good or Bad for Canadian Business?
Canada’s population is growing at a record pace driven by the current open-door immigration policy and the need for skilled workers. In 2022, and for the first time in Canadian…
Learn MoreChanges to SBA 7(a) Loan Fees – What you Need to Know
The U.S. Small Business Administration (SBA) has recently completed its annual review of the fees that it charges lenders under the 7(a) small business loan program. This process sets out…
Learn MoreHow to Establish Business Credit for the First Time
Access to business credit can be a lifeline when businesses most need it, providing cash flow for payroll, purchase of goods and services and investment into expansion. For new businesses,…
Learn MoreUnderstanding Accounts Receivable Turnover Ratio for Business
Accounts receivable turnover ratio, also known as debtor turnover ratio, is an accounting measure used to calculate how efficient a company is in managing credit and collecting receivables from its…
Learn MoreUnderstanding Business Acquisition Financing
At the simplest level, business acquisition financing is the capital that needs to be obtained for a company to purchase another business. This finance can be in the form of…
Learn MoreA Guide to Accounting for Factored Receivables (inc Example)
When you begin invoice factoring, your invoices are transferred to the factoring company for collection and they cease to be a debt (or liability) on your balance sheet. Accounting for…
Learn MoreWhy Do Companies Outsource? Hiring from Outside
Companies who outsource in 2023 are doing it for the very same reasons as companies that were considered early-adopters in the late 1980s. Whilst the reasons for outsourcing remain largely…
Learn MoreWhat to Do When the Bank Says No : Alternative Business Funding Sources
Obtaining bank financing has always been difficult for certain businesses and the current economic environment is making it even more so. Unfortunately, widespread turmoil in markets both at home and…
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