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Ensuring your business is financially efficient is more than about cutting costs. Extracting maximum performance with minimum waste requires regular reviews of processes, technologies, cash flow, and value creation. Here we take you through twelve ways that you can turn your SME into a financially efficient money-making machine.   1. Have a...

Cash flow is the beating heart of any business, yet it’s also the single biggest killer of UK SMEs. Over 80% of failed SME's say poor cash flow was the primary reason their business collapsed. Successful cash flow management not only increases survival rates, but improves productivity, reduces debt, and increases...

The UK economy is built upon family-owned business and the strong family ties that make them successful. In 2014, the Institute for Family Business reported that 87% of private sector companies were family owned, equating to 3 million family companies trading in the UK. The IFB also reports that family-owned...

Late payment is a key challenge for UK SMEs.  Severe cash flow crisis is the primary cause of business failure among UK SMEs, and can even topple established businesses within a matter months. When large payments are delayed, sometimes by multiple customers, the effects can be devastating. Late payment can also cause...

In the wake of the Brexit referendum result and the business uncertainty that has arisen, find out what Pay4’s Risk Director Tim Marshall has to say about how SMEs can protect themselves from the potential risks, and make the most of any opportunities that may arise. . We have witnessed some...

If you’re thinking of boosting exports or just starting out in international trade you should know that exporting your goods or services brings a range of benefits for business, at both the micro and macro levels. Exporters are generally more productive, innovative, and resilient to shocks, and data suggests that...

Small and medium-sized businesses are the financial backbone of the United Kingdom, with over 500,000 new small businesses created each year. Their growth is driven by the ability to seize opportunities as they arise which in turn is facilitated by aspects such as healthy cash flow and good access to...

Whatever industry your seasonal business operates within, or whatever size it may be, the way you navigate the annual peaks and troughs of seasonal demand will have a direct impact upon the productivity, growth and overall success of your company. . Many businesses can fall foul of seasonal sales cycles due to...

Pursuing international markets provides huge opportunity for growth for UK businesses. However, with it comes a certain amount of risk - although this can be offset by developing a comprehensive research and development strategy. Here we look at the benefits of international trade, what businesses must consider and also some tips...