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June 2018

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."

Avoiding the Late Payment Trap

Although SMEs comprise more than 99% of private enterprise and 60% of all private sector employment in Britain, small business owners often experience cash flow challenges that result in a struggle to survive as a business and the looming prospect of debt.  Many small businesses struggle in the UK culture of late payments, especially by larger businesses.  There are initiatives to address this, such as signing up to the Prompt Payment Plan, but stamping out late payments is a battle that’s yet to be won here in Britain.  Ultimately, punctual payment relies on other businesses/customers gett

Dealing with Limited Company Debts

If you’re a small business owner that is facing debt, saving your business from liquidation can be challenging.  Your company can be wound up if it can’t pay its debts and your creditors (whether they are people or organisations that you owe money to) can apply to the courts to get their debts paid.  This can be done by making an official request for payment, known as a statutory demand or by getting a court judgement.  Before things get worse, it’s worth getting professional advice from a solicitor or insolvency practitioner. 

Putting your Drop Shipping Business on the Road to Success

Over the past few weeks we’ve been taking a look at drop shipping as a business model.  It’s become increasingly popular over the past few years, mainly because it’s a low risk business opportunity with extremely low entry costs.  However, it’s not enough to decide to set up a drop shipping business and sit back and wait for orders.  Products can be sold via a simple website, a Facebook page, or on Amazon and other such websites.  Having a sales outlet for your products is just the beginning – there are some vital actions you need to take to put your business on the path to success:

Drop Shipping Social Media Marketing Advice

Over the past few weeks we’ve been taking a look at drop shipping as a business model.  It’s become increasingly popular over the past few years, mainly because it’s a low risk business opportunity with extremely low entry costs.  However, it’s not enough to decide to set up a drop shipping business and sit back on your laurels, waiting for orders to start rolling in.  The most successful online businesses are those which market their products effectively.

The Gig Economy Explained for Business Owners

If you’re a business owner, you’re sure to be aware that things in the business world change rapidly at times, more so since the advent of the internet.  New technology and new ways of doing things seem to be coming at us at such a pace that sometimes it can seem difficult to keep up with what’s going on.  New terminology is a particular burden as we all struggle to understand new words for old things, and sometimes new words for totally new things.  One of the phrases that has been bandied about more and more frequently in recent years is the “gig economy” so today we’re going to take a lo

SME Advice on Recovering Money Owed

If you own a small to medium business, then you’re sure to know that invoicing early and chasing payments effectively can ensure a healthy cash flow.  In cases where an invoice is not settled on time, an email reminder will usually sort out the problem quickly.  However, sometimes a polite reminder from you is not enough to do the trick and elicit payment.  Deciding what to do next may have you flummoxed – you have a tough decision to make.  You know that a healthy cash flow is essential for the long term benefit of your business – after all, nearly a quarter of small businesses fail due to

Working in the Gig Economy

Last week we took a look at the gig economy and gave an explanation for those who were wondering what it is.  When it comes to small businesses, working in the gig economy as a freelance provider has increased dramatically in recent years, especially for those who provide professional services such as writing, copywriting, proof reading, accountancy and other business support services.  Working in the gig economy basically means running your own business and, as long as you have the skills and knowledge necessary to provide a service of some sort, barrier to entry is fairly low and, for som