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Small-to-medium-sized enterprises (SMEs) are concerned about business costs in 2014, a study by the Forum of Private Business (FPB) has found.
More than half of the business owners surveyed by the business body say that increasing business rates, including utilities and fuel costs, are contributing majorly to cashflow issues.
Many are struggling to find the time to manage cashflow issues, with a lack of expertise and money meaning some have been left with no alternative but to downsize.
But business owners are still looking forward to the year ahead, with 85% feeling positive and planning to grow their businesses in the next 12 months. A third are planning to increase their employee headcount, whilst 15% are to increase employee hours to help cater for expected increases in demand.
A further 60% are looking to target new customers and 41% plan to spend more time and money on product development to get an edge on their rivals.
Invoice Finance for Cashflow
Is your business suffering from cashflow problems that are not of your own doing? Could a cashflow facility at your side help your business really thrive and reach its potential this year?
Invoice finance facilities, such as invoice factoring and invoice discounting, are specially designed to help cater for issues caused by inconsistent cashflow, helping businesses of all shapes and sizes profit.
With an invoice finance facility, we provide you with cash upfront for your invoices, with some facilities also providing your business with a credit control team to help chase payments and ensure debtors settle invoices quickly.
Why not browse our website to find out a little more about how invoice finance works, or give our team of experts a call on 0845 602 9354 for a chat and no-obligation quote.