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How to finance your business

Without sufficient funding, any new business will struggle to survive. There are several different types of finance available to small firms – from taking out a business loan, to seeking angel investment, and applying for a Government grant.

Whether you are on an initial ‘free’ banking period, or have an established business bank account, you may be surprised at how much your bank charges to process inbound and outbound transactions.
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In good and bad times, the most successful companies are those which keep and eye on costs and cashflow management from day one. Here are some ideas to increase the efficiency of your business.
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Many small business owners are reluctant to move banking providers, even if they can get a better deal elsewhere. The perceived ‘hassle’ associated with a switch is the main reason. However, since 2013, the major banks have all guaranteed to complete a business bank account switch within 7 days.
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How to choose a limited company bank account post image

When you have formed a limited company, one of your first tasks will be to choose the best bank account for your new business.
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The role of business angels (and ‘dragons’) has been publicised a great deal in recent years thanks to a growing number of ‘entrepreneurial’ TV shows. For many growing businesses, angel investors can provide numerous benefits, although you should also be aware of the pitfalls.
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Almost all of us will have to deal with late paying clients and customers at some point or another, but new research from Bacs illustrates just how serious a problem overdue payments have become for the nation’s small businesses.
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According to the latest Government data, over 1,000 companies have raised finance via the SEIS since its launch in 2012. So, why have so few business owners heard of the scheme, and what benefits does it offer businesses and potential investors?
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For companies frustrated by persistent late payment problems, invoice financing can provide a useful way of freeing up the value of their outstanding invoices.
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A new business banking comparison site has been launched. Commissioned by the Chancellor, and backed by a host of business groups, the site features the experiences of business owners and rates the leading banks according to satisfaction levels.
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In its latest response to the age-old problem of late payments, the Government has outlined a number of measures it plans to implement to reduce the estimated £30bn owed to small firms.
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According to innovation charity, Nesta, the number of crowdfunding platforms operating in the UK grew by 50% last year, providing both potential investors, as well as businesses seeking finance, with almost 90 platforms to choose from.
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New figures suggest that more ordinary investors are placing their money in EIS investments, as a result of recent reforms which increased the tax breaks available, and expanded the scheme to include larger companies.
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New FCA rules which will restrict the amount of money novice investors can inject into crowdfunded businesses to a mere 10% of their assets have received a mixed reaction from the investment community.
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A study carried out by a leading accountancy software firm found that the average business is owed over £11,000. Given that running out of cash is the leading reason why firms go under, what measures can you take to keep your cash flow running?
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A new Government initiative aimed at helping promote start-ups, with the help of expert advice, has been launched this week. The ‘Growth Vouchers Programme’ will provide up to 20,000 new businesses with up to £2,000 of support and subsidies in a trial to determine the importance of business advice on start-up growth.
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According to a new report by leading accountancy firm, Baker Tilly, most business owners are in the dark about the Government tax incentives available to them to help promote growth. Here, we look at the main schemes that are available to businesses and individuals.
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From April 2013, qualifying companies will be able to take advantage of a new system of Corporation Tax relief on profits earned from their patents, as an incentive to develop innovative patented products.
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