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»

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»

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»

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»

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»

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»

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»

What hidden dangers should business owners be guarding against when it comes to signing contracts electronically? more»

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»

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»