Unpaid invoices worth £40,000 leave one in four business owners “struggling”
Despite government initiatives to crack down on late payments, a quarter of small UK business owners say they are owed over £40,000 from customers. more»
Clients
Why writing off unpaid invoices is worse than you think for your business
When you write off an unpaid invoice, you can’t write off a corresponding amount of outgoings. You have already invested time, effort and resources to complete this work and you still have all your staff, suppliers and overheads to pay. more»
A simple guide to effective credit control for small business owners
For the second instalment of a new series tackling cash flow for small business owners, Grid Law founder David Walker looks at how a credit control system can be made more effective. more»
A majority of UK firms are missing out on the potential of WhatsApp for business
Fewer than half of small UK business owners are leveraging the marketing power of WhatsApp, despite the social media tool’s vast user base. more»
Why it’s more important than ever to do your due diligence at Christmas
It’s easy to let good practice slip when you’re in the midst of the Christmas rush, but in fact it is the most important time to check carefully who you are doing business with, writes Rachel Mainwaring, operations director at Creditsafe. more»
The dangers of doing business with zombie companies
David Walker returns ahead of Halloween to warn Business Advice readers of the risks of doing business with a firm in serious financial trouble, and reveals the signs that could help identify so-called “zombie companies”. more»
How to become a successful freelancer
Complacency isn't an option if you want a fruitful career as a freelancer, so it is vital that you continue to learn and invest in developing yourself. It will pay off. more»
How to ensure your electronic contracts are legally binding
What hidden dangers should business owners be guarding against when it comes to signing contracts electronically? more»
How to value a claim for a breach of contract
It’s easy to make an emotional decision and fight a claim on a point of principle. However, it’s important to carefully consider what’s best for the business because even when you have a good claim, it may not be economical to pursue. more»
Small firms lay £45bn late payment crisis at the foot of big business
The UK’s late payment crisis is rooted in large organisations taking advantage of small business owners dependent on revenue from their client, new survey findings have confirmed. more»
