As a small business involved in overseas trading, there lies a high risk due to fluctuating currency. More specifically, the volatile nature of the marketplace and mitigating factors which directly impact the value of selected currencies, both at home and the trading country. As a small limited company or an overseas contractor, it is vital to actively measure the risk and equip your business against changing exchange rates. Failure to do so could tip your business towards financial difficulty, disrupting company cash flow and the overall profitability of the company, writes Keith Tully of Real Business Rescue.
Cat in a Flat founders Kathrin Burckhardt and Julie Barnes feature in our latest success stories, looking at entrepreneurs making a success out of a niche business idea. They discuss having complementary skills, marketing your business effectively, and attracting customers. Cat in a Flat has become an international business allowing customers to find cat sitters for their pets.
Gus Bartholomew is the latest entrepreneur to feature in our success stories. Gus is the co-founder of SupplyCompass, a company that helps clients in the UK get in touch with manufacturers in India. In this success story, Gus discusses working with a partner and working in both the UK and India.