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June 2017

Disclaimer :
"Any views or opinions expressed in these blogs are solely those of the author and might not represent those of Access Credit Management Limited."

The Pros and Cons of an Overdraft

If your current bank account has an overdraft facility it can represent a convenient and flexible method of making sure that your monthly salary lasts the month.  However, there are all sorts of pros and cons to using an overdraft and you’ll need to make sure that you’re actually making the most of the benefits involved.

LinkedIn for SME Owners – Part One

As a small to medium business owner, you’re probably aware of the power of social media when advertising your business in order to increase turnover and grow your business.  Facebook, Twitter, Instagram, Pinterest, etc. – they are all platforms on which you can create a business page or profile in order to connect with customers and potential customers to drive more traffic to your business website.  However, did you know that LinkedIn also has plenty of potential power for the small business owner to increase lead generation? 

Looking to Hire? Interview Advice for SME Owners

Small businesses comprise more than 99% of all private sector businesses here in the UK and, while many of those are sole traders, the number of employing businesses is on the increase.  Total employment in SMEs in Britain was 15.7 million in 2016, representing a hefty 60% of private sector employment.  While business owners will know how to manage their business, when it comes to hiring staff, many may not have had experience of the interview process so today we’ve got some advice to help business owners interview staff effectively in order to hire the right people to ben

Debt Collection Agency or Debt Management Company – What’s the Difference?

A Debt Management Company (DMC) is an organisation that represents an individual in managing his or her debt.  These companies may be fee-charging or free, businesses or charities.  Typically a DMC will negotiate with creditors (lenders) in order to secure an affordable repayment solution by either reducing the total owed by the person or by agreeing on sustainable monthly repayments for their customers.  A DMC should offer a wide range of solutions and should use their knowledge and expertise to recommend the best solution for each individual customer. 

Sustainable Strategy for SMEs

We’ve been hearing a lot in recent weeks about climate change with the media coverage of Trump’s refusal to sign the Paris Accord and the latest from the Antarctic where one of the largest floating ice rifts sports a rapidly growing crack that scientists claim is “hanging by a thread” and about to calve, resulting in an iceberg the size of Wales.  Businesses around the world have become aware of the need to protect our environment with sustainable business practices and use their “green” credentials in advertising to attract customers who are committed to sustainable, eco-

How to Save on Overheads for Small Business Owners

If you’re running a small company there’s a pretty good chance that the current downturn has caused you a lot of stress and worry about whether or not your business can survive the economic crisis. After all, there are plenty of large organizations that are finding it difficult to cope at the moment so you might think that small businesses have an even lower chance of carrying on.

Friends and Business Partners? Is it worth the Risk?

Going into business with a friends as a partner can be a risky undertaking.  If something goes radically wrong, you stand to lose not only your business, but a friend as well.  There are plenty of horror stories online about a couple of friends who have started a business together as partners, only for the business to fail and the friendship to be ruined beyond salvation. 

First Aid for Struggling Small Businesses

Most businesses here in the UK are classed as SMEs (small to medium enterprise – companies with fewer than 250 members of staff) – in fact, there were 4.5 million SMEs in the UK in 2016, which is more than 99% of all businesses.  This means that the British economy is heavily dependent upon SMEs to stay healthy.  When it comes to companies staying healthy and flourishing, one of the most common causes of stress in business is cash flow problems.  A temporary cash flow problem usually occurs due to circumstances beyond the business owner’s control but it can have a serious

SME Owners Guide to the Election

Once again, we’re facing an election – this one was unexpected as an election here in the UK wasn’t due until 2020.  However, Prime Minister Theresa received the necessary two thirds majority in the House of Commons back in April and the election is almost upon us.  Today we’re going to look at how the proposals from each major political party is likely to impact SME owners here in the UK.

Labour is promising the following in the event that they win the election: