If your business requires expensive tools and machinery, you may find yourself in need of asset finance. Asset finance allows you to acquire or use assets without having to pay in full up front. It gives you the funding you need to purchase or lease assets you’ll need to operate your business while preserving your… Continue reading Asset finance guide
Creating a cash reserve
If you’re failing to meet your cash commitments each month and eating away at your capital reserves, then it’s time to make some serious decisions in your business. A business can survive for a short time without low sales or profits, but not without a positive cash balance. It’s cash which pays the bills and… Continue reading Creating a cash reserve
Cyber Security FAQs
Q: What is cyber security? A: It’s how to protect your business from malicious and accidental attacks on internet-connected networks, computers, mobile devices, software, and applications. It defends against attackers trying to access, destroy, or extort sensitive data, including customer information. Key cyber security measures include strong passwords, two-factor authentication, staff training, and disaster recovery… Continue reading Cyber Security FAQs
Cyber Security FAQs
Q: What is cyber security? A: It’s how to protect your business from malicious and accidental attacks on internet-connected networks, computers, mobile devices, software, and applications. It defends against attackers trying to access, destroy, or extort sensitive data, including customer information. Key cyber security measures include strong passwords, two-factor authentication, staff training, and disaster recovery… Continue reading Cyber Security FAQs
Cyber Security FAQs
Q: What is cyber security? A: It’s how to protect your business from malicious and accidental attacks on internet-connected networks, computers, mobile devices, software, and applications. It defends against attackers trying to access, destroy, or extort sensitive data, including customer information. Key cyber security measures include strong passwords, two-factor authentication, staff training, and disaster recovery… Continue reading Cyber Security FAQs
Cyber Security FAQs
Q: What is cyber security? A: It’s how to protect your business from malicious and accidental attacks on internet-connected networks, computers, mobile devices, software, and applications. It defends against attackers trying to access, destroy, or extort sensitive data, including customer information. Key cyber security measures include strong passwords, two-factor authentication, staff training, and disaster recovery… Continue reading Cyber Security FAQs
Financial business resilience
Along with increasing your income, financial business resilience also involves managing your expenses, improving efficiencies, and making strategic financial decisions. Build short-term cash reserves There are numerous ways you can free up cash within your business in order to save some for an emergency. There could be machinery you no longer need or vehicles that… Continue reading Financial business resilience
Resilience checklist
Stressed businesses in survival mode often struggle with cash flow, making it difficult to continue trading. The priority is financial stability. Improve liquidity and forecast cash flow Free up cash by managing inventory efficiently, as holding too much increases costs. Sell unused assets, lease equipment instead of buying, and negotiate longer supplier payment terms. Selling… Continue reading Resilience checklist
Cost optimization
Improving your bottom line isn’t just about increasing your revenue but also comes down to reducing outgoings where you can. Reducing direct costs can dramatically increase your profit on each sale while eliminating unnecessary business overhead. Here are some things to consider for optimising operational costs. Lower the cost of purchases Reducing what you pay… Continue reading Cost optimization
Three business strategies in a crisis
If your business is facing a crisis and you’re not sure what to do next, there are three strategies you can consider. Strategy 1. Trade out of trouble Initially, focus on selling current products or services to your existing good customers, as it should be the easiest to do. They know you. Then contact the… Continue reading Three business strategies in a crisis