In business, cash is king. Your business might be doing well and, in the next six to twelve months, you might be expecting to bring in increased revenue and profit. However, if there isn’t enough cash flow to cover company expenses, those potential earnings may not be felt.
Take a look around your workplace. How much of the equipment do you use on a regular basis – and how much of it is used infrequently or not at all?
If you can’t beat them, join them, as they say. That’s the view many businesses are having to take as industry disruptors enter the market, armed with technology, to win over their customers.
Companies like Amazon and Deliveroo have changed consumer expectations on how quickly products should be delivered. Not too far back, a week or five working days was considered to be acceptable – but that was before everything became on-demand, immediate, and tech-infused.
Back in 2012, the Federation of Small Businesses (FSB) reported that SMEs were struggling to raise the money they needed to expand. At the time, it found that 42% of SMEs who applied for a loan said they were turned down. That was then, though – surely things have changed?
On October 31st 2018, Shire attended the annual Leasing World Awards. The awards ceremony is highly regarded in the B2B asset finance industry and recognises various achievements of the winners. After winning awards at the event two years in a row, members of Shire’s team arrived at the event in London…
Our recent survey has highlighted that a lack of funding is a fundamental barrier to growth for UK businesses.
In this day and age, it has never been easier to start a business, but many are struggling to lift off the ground.