Late payments keeping you up at night? You're not alone. A recent Business Confidence Monitor from the ICAEW found that more than 30% of respondents were struggling with late payments or long payment terms. It's not just about money; it's about keeping your business alive and your relationships strong. Don't let late payments hold you back. Take control of your cashflow for 2025! 💪
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Helping Businesses Grow, Using Decades of Professional Financial Expertise, Offering a Bespoke Financial Solution
Late payments are desruptive, and expensive! They disrupt your work by having to stop everything else and chase payment, & potentially expensive as they lead to having to employ ‘credit controllers’ to chase! #InvoiceFinance helps release tied up #CashFlow & can also give you the gift of time, as our credit controllers coupd do the chasing for you. #CashFlowSolutions #Factoring
Late payments keeping you up at night? You're not alone. A recent Business Confidence Monitor from the ICAEW found that more than 30% of respondents were struggling with late payments or long payment terms. It's not just about money; it's about keeping your business alive and your relationships strong. Don't let late payments hold you back. Take control of your cashflow for 2025! 💪
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📊 Did you know that late payments are silently crippling businesses across the UK? It's a widespread issue that's affecting companies of all sizes, from small startups to established enterprises. Our #invoicefinance can help boost your cashflow.
Late payments keeping you up at night? You're not alone. A recent Business Confidence Monitor from the ICAEW found that more than 30% of respondents were struggling with late payments or long payment terms. It's not just about money; it's about keeping your business alive and your relationships strong. Don't let late payments hold you back. Take control of your cashflow for 2025! 💪
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The Effects of Poor Cash Flow on Your Business Missed Opportunities: When your cash flow is tight, you might miss out on growth opportunities. For instance, you could pass up a chance to expand your services because you can’t afford the necessary equipment. Similarly, limited funds might prevent you from taking advantage of special offers from suppliers. Solution: Regularly monitor your cash flow, plan ahead, and explore financing options if needed. Poor Relationships with Suppliers: If you constantly struggle to pay suppliers and creditors on time, it can strain your relationships. Late payments may lead to poor service or even loss of business. Solution: Communicate openly with suppliers, negotiate payment terms, and prioritize timely payments. Damaged Customer Relationships: Stress about late payments can spill over into your interactions with customers. Constantly chasing them for payment can irritate them and harm your client relationships. Solution: Set clear payment terms, follow up professionally, and consider offering incentives for early payments. Stress: Financial strain affects decision-making. When you’re stressed about money, you might make impulsive choices, such as taking on additional loans without a solid repayment plan. Solution: Practice stress management techniques, seek professional advice, and maintain a clear financial strategy. Stunted Growth: The most severe consequence of poor cash flow is hindering your business’s growth. Without adequate resources, expansion becomes impossible. Solution: Prioritize cash flow management, explore cost-cutting measures, and consider alternative funding sources. Early Signs of Cash Flow Problems Late Payments from Customers. Late payments to suppliers. Depleting Inventory. Struggle in paying day to day expenses. #accountant #bookkeeper #finance #smallbusiness
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Founder & CEO at GO-FACTOR. NACFB Intermediary Excellence Broker of the Year 2023. Finalist Moneyfacts Invoice Finance Broker of the Year 2025 / 2024. Adding Value & Saving Costs - Finance With Integrity.
𝗧𝗵𝗲 𝗛𝗶𝗱𝗱𝗲𝗻 𝗖𝗼𝘀𝘁𝘀 𝗼𝗳 𝗦𝘁𝗶𝗰𝗸𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗬𝗼𝘂𝗿 𝗜𝗻𝗶𝘁𝗶𝗮𝗹 𝗕𝗿𝗼𝗸𝗲𝗿 𝗼𝗿 𝗟𝗲𝗻𝗱𝗲𝗿 𝗳𝗼𝗿 𝗜𝗻𝘃𝗼𝗶𝗰𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝗙𝗮𝗰𝘁𝗼𝗿𝗶𝗻𝗴 🚩 🚩 🚩 Many businesses initially choose a broker for invoice finance and factoring based on convenience and trust. The broker provides satisfactory personal service and seems like the logical choice. However, this decision can have significant financial ramifications, often resulting in higher fees and rates simply because it's comfortable to stay with the known entity. It's important to remember that the financial landscape is continually evolving, and many competitive deals are available out there that could significantly reduce your costs. Turning a blind eye to these opportunities can be a biblical-scale oversight, as the extra percentage points in fees and interest can amount to thousands of pounds each month — a substantial impact on your business revenue. 🚩 𝗥𝗲𝗱 𝗙𝗹𝗮𝗴𝘀 𝘁𝗼 𝗪𝗮𝘁𝗰𝗵 𝗢𝘂𝘁 𝗙𝗼𝗿: - Higher fees compared to market rates - If your broker isn't proactive in finding the best deals for you, your business could be bleeding money unnecessarily. - Lack of transparency - A broker who isn't clear about their fees or interest rates available and the costs involved may not have your best interests at heart. - Complacency in reviewing options - The convenience of sticking with your current broker or Lender might be outweighed by the potential savings offered by others. The decision to switch may seem daunting, but the long-term benefits often outweigh the short-term effort. Regularly reviewing your finance and factoring options and challenging the status quo can lead to substantial savings, improving your cash flow and business growth potential. Make the smart choice and don't let convenience cost you more than it should. #InvoiceFinance #Factoring #BusinessFinance #FinancialHealth #CostSavings
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Managing your finances is easier when you keep personal and business accounts separate. Open a dedicated business account today to streamline your finances and stay organized. #NICASIABank #DigitalFirst #AccountOpening #amlcftAwareness #BusinessAccount
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💡 It might seem obvious, but do you know the difference between an invoice and a receipt? A common mistake among small business owners is mixing these up, which can lead to confusion and mistakes when managing finances! ➡️ An invoice is the bill you send to your customer after providing a service. A receipt is the proof of payment given to the customer after you’ve been paid. Confusing the two makes it tough to balance your books, and you could miss out on payments owed to you. So keep them straight, and you’ll be laughing all the way to the bank! 💰 #SmallBusinessTips #Invoicing101 #Brovesment
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The E-volvement Coach - Mentoring Leaders By Evolvement | Corporate Trainer | Speaker | Author of "E-Volvement" | Podcaster | Community Facilitator
Financial controls is one area that has been ignored as a subject in schools. Children from families where money and financial controls are discussed are more comfortable talking about money and as a result more business oriented. It’s the need of the hour that business skills, budgeting, financial controls and more are added to school and college curriculums. To be successful, you need to be comfortable talking about money. You can only showcase your own worth when in business or self employed when you confidently close the sale. I was part of the Global Startup Summit held on 23rd September 2024 at Hyderabad as part of the book launch for my book E-volvement and saw many sales pitches for Startups. So many of the individuals were just not able to sell their product as their own confidence in talking about money held them back. In coaching and mentoring, when we work on unblocking the leadership quotient, money talks are an important aspect. Conscious leadership includes rising above the money beliefs created by your surroundings and to approach this important aspect with confidence and grace. #consciousleadership #financialindependence
Financial controls are like the rules and checks your parents use to make sure you don’t spend all your pocket money at once or buy too many toys. These controls help you keep track of your money so you don't run out, lose it, or waste it. For a business, financial controls are the rules and systems that make sure: A. Money is spent correctly (Financial Prudence): Just like your parents might say you can only spend your money on certain things, a business makes sure money is spent on the right things, like paying for supplies or salaries. B. No money gets lost or stolen (Due Diligence & Investigation): They keep a close eye on where the money goes, like checking receipts, so nothing goes missing. C. Everyone follows the rules (Internal Audit): There are rules to make sure everyone in the company spends, saves, and records money the right way, so nothing goes wrong. In short, financial controls are like the careful steps businesses (or even people) take to manage their money safely and wisely. They help keep everything in order and make sure there's enough money for important things! Take the first step towards business growth with Qallyqx Management Advisors Private Limited #GrowWithQallyqx #Growth #Business #CashFlows #Profit
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Businesses fail due to a lack of cash. So what can you do to mitigate this? ⬇️ Reduce payment terms - 14 days or below should be your standard, if a client wants to extend these then they need to compromise elsewhere. 📒 Keep on top of credit control - send auto reminders 7 days before the invoice is due, chase up overdue payments & don't be afraid to follow through with late payment charges / removal of service for persistent non-payers 💳 Get an overdraft in place - it gives you some breathing room when things get tight & reduces sleepless nights! 👀 Review your accounts regularly - cancel unnecessary subscriptions, keep track of your monthly outgoings & know how much your business costs to run.
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💸💡 What’s the First Sign Your Business Might Face Cash Flow Issues? 🚩 Your bank balance is running low… but you’re not sure why. This is often the first sign that your expenses are creeping up or your income isn’t covering what’s going out. Here’s what to watch for: 📉 Inconsistent cash flow from clients. 📆 Late invoice payments. 💳 Relying on credit cards to cover day-to-day expenses. 🛑 Skipping your own pay to keep the business afloat. Don’t wait until it’s too late! 🚨 Start tracking your cash flow weekly and ensure you’re prioritising Profit First. Small changes today can make a huge difference tomorrow. Have you noticed these signs in your business? Let’s talk about solutions. 👇 #CashFlowManagement #ProfitFirst #BusinessTips #FinancialClarity #Followers
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💸 The Silent Business Killer: Cash Flow Problems Don't let your business become another statistic. Here are 5 signs your cash flow needs attention: 1️⃣Consistently paying bills late 2️⃣Unable to take on new opportunities due to lack of funds 3️⃣Regularly dipping into overdraft 4️⃣Struggling to meet payroll 5️⃣Constantly chasing late payments How many of these resonate with you? Need help getting your cash flow back on track? We're here to help. DM us for a free cash flow health check! #CashFlowMatters #BusinessTips #FinancialHealth #SmallBusinessSupport
