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August 2017

Debt Collection News Roundup – July, 2017

Here at Access Credit Management we pride ourselves on keeping up to date with what’s going on the international debt collection industry.  We aim to bring our readers interesting and relevant news about the sector so once a month we publish a News Roundup.  This should keep you up to speed with all the important happenings in the industry and provide you with a valuable resource that that you can use to stay fully informed of all the latest news.  It would be interesting to know what you, the readers, think of the stories that feature here.  If you have any stories you think we should be c

SME Owners – Which Hat are you Wearing?

As a small business owner you probably find that you’re taking care of a lot of tasks that you have little experience of and no training for.  It’s often the case that SME owners don’t have the luxury of hiring trained and experienced staff to perform all the different jobs that keep a business running smoothly and often find themselves having to carry out a diverse range of tasks such as creating a computer network, setting up a filing system, planning a marketing strategy, taking care of the payroll, etc.  While you may be an expert at making a product or providing a service, chances are

Work Experience - The Benefits to your Business

As a small business owner it’s likely that staff salaries form a large part of your company’s overheads.  Finding and retaining good members of staff is quite a challenge for SME owners here in the UK.  Have you ever considered offering work experience to students and school leavers?  While many business owners may be put off work experience, often thinking that they’ll get lumbered with a clueless teenager who will need constant supervision, this is not necessarily the case.  Some youngsters taking part in work experience can really make a difference and get to grips with the job in ways t

How to Make the Most of Currency Exchange Rates for SME Owners

Trading overseas has become increasingly common since the advent of the internet.  People nowadays are used to buying from a global marketplace and this is just as true of businesses as it is for your average armchair shopper who browses online and orders goods from different parts of the world.  While businesses here in the UK now have the option of selling to overseas customers and extending their customer base, business owners are also finding it easy to source supplies from foreign companies, driving down costs and making it easier to keep their prices to customers lower. 

SME Owners – Making Your Website Work for Your Business

As a small business owner you need to be aware that one of your most valuable assets is your company website – it represents your company and your brand and can help drive sales and share social proof (a vital issue for all businesses in the 21st Century).  This means that you need to make sure that your website is working well for your business and that it has all the correct elements that will boost your business to success.  Here are some of the most important issues when it comes to your business website:

New Data Protection (GDPR) Rules – Is your Business Ready for the Change?

Following the introduction of the new General Data Protection Regulation (GDPR) rules in May 2018, UK businesses will be at risk of being fined up to €20 million or 4% of global turnover for infringing the rules.  Smaller businesses here in the UK seem to be largely unaware of the coming changes and are therefore most at risk of being hit with the new, heavier fines.  In a survey carried out for YouGov, only 22% of small businesses admitted that they were aware of the changes compared with 43% of medium sized businesses and 5% of large companies. 

SME Owners - How to Give Great Customer Experience

As a small business owner you’re probably aware of how difficult it can be to compete with the “big boys” – larger national and multi-national companies who have huge budgets for advertising, website design, social media activity and other activities which enable a business to grow and gain the lion’s share of business.  This means that you need to think outside the box when it comes to attracting customers and growing your business.  Your customers are essential to ensure that your business survives, especially in the uncertain economic climate we are experiencing here in the UK right now.

Avoid Debt with Sensible Everyday Spending Habits

In the current economic climate, everybody is feeling the pinch and this has led to record numbers of householders being in debt.  If you want to avoid getting into debt then why not take a look at your spending habits and see if you can reduce the amount of money going out of your bank account.  We all need to spend on essentials like food, housing, utilities, travelling to and from work, etc, however most of us spend unnecessarily every day without even noticing it.  There are loads of day to day items that we buy that seem to cost very little but accumulate on a weekly or monthly basis t

Digital Payments are a Must for SME Owners

If you’re a small to medium business owner and you don’t offer a method of digital payment to your customers, then you could be putting the future of your company at risk.  Nearly half of all consumers prefer to pay for goods and services using digital technology – online or card payments in bricks and mortar businesses.  The cash-only shops on our high streets are in increasing danger of losing customers to competitors who offer electronic methods of payment, according to a new survey carried out by Frist Data.  The survey solicited answers from more than 1,000 shoppers across the UK and d