- 01 Mar
Free Guide How To Grow Your Business
There are a lot of business growth related resources on our site, so in this post I have pulled together links to all the help and support that you will find, if you are seeking ideas about how to grow and expand your business.
With some 47% of SMEs expecting to grow this year, there is some degree of confidence within the UK, despite all the uncertainties. These resources may give you some helpful ideas for strategies or campaigns that you can implement within your own business, and how to finance that growth.
Ideas To Help Grow Your Business
We have just published a list of possible strategies for growth that fit within a number of simple categories. Previously we also put forward some marketing ideas to Grow The Success Of Your Business and some further marketing ideas about keeping in touch with prospects and using social media.
As part of our guide for new startup businesses, we put together a guide to marketing for startups which includes some helpful thoughts about how you should go about developing a marketing plan.
We also produced some material for entrepreneurs that might be helpful, and which includes some thoughts about how to develop strategic ideas and strategic thinking.
Funding Business Growth
There are a wide range of methods of funding a business, and we have previously looked at the types of funding that growing businesses tend to use.
One funding method that is closely linked to fast growth is the use of invoice or receivables financing. In fact our research has identified that there is a high correlation between fast growing businesses, and the use of invoice finance. In addition, some 68% of existing users said that they would recommend receivables finance to fast growing businesses.
If you are contemplating accepting a large order, this type of funding can be particularly useful in enabling you to fund a large order, or project.
The graphic below shows some of the key facts about the linkage between the use of this type of funding and increasing your trading volumes:
Acquisitions are one way of growing your business, acquiring the trade, debts or business of another entity and amalgamating that into your own business. This can be one way of achieving a quick step change in terms of growth.
The funding of acquisitions is something that receivables finance can play a part in. Our post about leverage assets to enable acquisitions could present an interesting way of raising the price of a business acquisition, utilising the assets of the target company.
Growth Funding Research
The following infographic summarises the finding of our research amongst high growth companies:
One aspect of funding is how you can sell more by offering finance to your customers. In an article from an external contributor, the idea of extending third party finance to your customers, in order to sell more products, is explored.
- 05 Feb
Strategies For Business Growth
Most business owners are interested in strategies for business growth, as they want to increase their sales turnover and to boost their profitablity. Turnover growth doesn't always result in an increase in profits, but with careful control of your costs it is likely to increase your profits.GET MARKETING HELPFor the purpose of this article I have put aside constraints such as having enough...
- 27 Dec
Growth Finance For 2019
2019 is just around that corner, and the run up to the New Year is always a good time to take stock of last year's performance, and make your plans for the next year. Growth is an expectation for almost half of UK SMEs.CHECK THE COST OF GROWTH FINANCEThe Q2 2018 SME Monitor from BDRC showed that 41% of businesses said they had grown over the last year, increasing with size from 39% of those with...
- 13 Aug
Cash Flow Finance
Cash flow finance is a term that can encompass all the invoice finance products and also some business loans. Even an overdraft might fall under that category. Pretty much any finance that is for working capital purposes i.e. not to buy an asset, could be included under this banner.APPLY FOR CASH FLOW FINANCEI thought I would check how easy it is for a company to find cash flow finance quotes...
- 06 Aug
Research Suggests Need For External Business Finance Among Growing Businesses
Interesting to read the London School of Business and Finance, quoting research by Wesleyan Bank, that apparently showed some confident growth prospects, and and appetite for external business finance amongst UK businesses.The research across 500 business owners of SMEs showed that over 50% now have more confidence in the growth prospects for their company than they did last year. In addition,...
- 03 Aug
Base Rate Increases To 0.75 Percent
Yesterday, 2nd August 2018, the Bank of England (BOE) announced its decision to increase bank rate to 0.75%, according to BBC reports. A rise of 0.25%, and only the second rise in the last decade. This marks the highest base interest rate since March 2009. There will be a whole generation in the UK that have never known interest rates to be the heady 5 to 15% levels that some of us remember...
- 08 Apr
UK Finance 2017 Statistics Indicate High Growth Business Users
UK Finance, who recently absorbed the industry body formerly known as the ABFA, have just reported on their year-end statistics for 2017, for the invoice finance and asset based lending market amongst their members.It is important to note that not all invoice finance companies are members of the UK Finance industry body, however the figures do represent a large proportion of the UK market.The...
- 19 Mar
How To Finance A Large Order
The feeling when you win a large order, or contract, can be amazing. However, the euphoria can be short lived as large sales often bring with them a number of potential problems, not least of which may be how to finance a large order.The first issue is that your resources may have to be focused on delivering against that large order. This can take your focus away from dealing with smaller...
- 18 Oct
Using Invoice Finance As Acquisition Finance
Acquisition finance can be required if you are acquiring a business, in order to pay the purchase price.The acquisition may be structured in a number of different ways. The whole of the business may be acquired e.g. by purchasing the shares of an existing company, which effectively means that the buyer acquires all the assets and the liabilities of the target company. Alternatively, the buyer may...
- 16 Oct
Marketing Ideas To Grow Your Business
This post follows on from yesterday's post about Growing The Success Of Your Business, I have noted below a few more marketing ideas to grow your business that you might find helpful. None of them are rocket science - in most cases it's just a case of putting in some effort, but in the right direction. So many businesses use a scatter gun approach to marketing which can waste your resources and...
- 15 Oct
Growing The Success Of Your Business
As a business owner the growing success of your business is likley to be something that you focus a lot of your time on - but you may also be on the look out for new ideas about how to achieve that. Below we have put together a few suggestions that might help you if you are trying to grow your business. They are not meant to be comprehensive but it will hopefully offer a few ideas that you might...
- 04 Oct
Using Invoice Finance To Fund Growth
UK businesses seem to be experiencing some growth and this is likely to create cash flow pressures that can be alleviated by using invoice finance to fund business growth.Recent results from the Bibby Financial Services Global Business Monitor survey showed that 49% of the businesses surveyed had grown their turnover during the last 12 months and 55% were expecting to grow over the next 12...