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Advice for SME Owners - Planning for Untimely Death

Unless there is a lot of prior planning, the death of a business owner can result in the company being liquidated, sold to outside parties or surviving family members may have to become active in running the business themselves.  To plan for the future orderly disposition of a business, a buy-sell agreement can be entered into.  A buy-sell agreement may be between shareholders of a company, partners of a partnership or a key employee and a sole proprietor.  The buy-sell agreement will oblige the surviving business owners, key employee or the business itself to purchase the interest of the d

Business School 101 – Website Content - Business Tips for Beginners

Starting your own business can be a very exciting prospect for many of us – it’s taking control of your own life and your own income so that you’re no longer at the beck and call of your employers, so the attraction is pretty obvious.  Here in the UK, we are a nation of business owners, with a record number of 5.5 million private sector businesses at the start of 2016.  Small businesses account for 99.3% of all private sector business in Britain and 99.9% of these were small or medium sized (SMEs) with a combined annual turnover of £1.8 trillion, 47% or all private sector turnover in Britai

Alternatives to Debt Financing for Business Owners

Last week we took a look at the world of debt financing with a detailed explanation for our readers.  We also examined some of the drawbacks that may be experienced when using debt financing and promised our readers that this week we would look at some of the alternatives to debt financing that are available to business owners.  We clearly explained the disadvantages of debt financing so let’s take a look at what other options are available when it comes to raising business finance.

How to Fix your Finances for SME Owners | International Collection Services

Take a look at how you can turn around your business in a 10 step process.

Most businesses will experience temporary cash flow problems at some point or another, very often these arise due to matters outside of the business owner’s control.  However, taking immediate action can mean that your business will survive the financial squeeze and bounce back to benefit you in the future.  Here are the 10 steps you can take to overcome cash flow problems for your business:

Debt Financing Explained for SME Owners

If you’re a small to medium enterprise (SME) owner here in the UK, no doubt you’ve been feeling the pinch in recent years.  Raising money to grow your business can be a scary prospect – you want to increase your business, but worry that you’ll find it difficult to pay back any loans you take out in order to do so.  When it comes to raising business finance, there are several options open to you, including:

·Applying for government grants and regional funding

How to Clear Your Debts

In the current economic climate, we all have to tighten our belts a bit and this can prove quite difficult, especially if you’ve fallen into debt.  Debt is nothing to be ashamed of, especially these days when we’re all being encouraged to spend beyond our means.  However, if you find that your debts are causing you worry and frustration, it can seem as if there is no end in sight.  It’s easy to try not to think about any money worries and put off doing something until you reach crisis point.  However, that will not alleviate your concerns and taking the time to put togethe

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