Money is a constant headache for business owners, regardless of how successful your business is. That’s because business is competitive, and nobody can afford to let working capital sit around unused when it could be driving growth. Excess funds can always be used to expand production, expand marketing efforts, or develop new and more innovative products.
While Larry Ellison’s name may sound familiar to many, it doesn’t come with the kind of recognition enjoyed by Bill Gates, Steve Jobs, Elon Musk or other top 20th and 21st century tech entrepreneurs. Despite this, Ellison, currently the 7th richest person in the world, played an important role in fundamentally transforming how businesses operate in the modern world.
Invoice finance and supply chain finance are a great way for businesses to come up with cash on short notice. Used systematically, they can help them to generally shorten their cash conversion cycle, giving them the opportunity to invest the same working capital to produce returns more often in a given time period. The result is a generally hardier, faster-growing enterprise.
Every business leader will eventually face the unwelcome prospect of sacking an employee. Regardless of whether it’s a small local business or a multinational firm doing the firing, the way the process is handled can have serious implications for the future of the business, and the departing worker. These manifest both in terms of legal jeopardy, and in less concrete, but no less meaningful ways.
The advent of social media in the past two decades has made much of our private lives visible to the public. One unintended side effect of this has been that regular employees have increasingly become unwilling public representatives of their employers.
Businesses are forced to manage diverse and unexpected cash flow stresses on a continual basis. These can come in the form of one-time cash flow disruptions like equipment malfunctions, unexpected tax penalties, or legal fees, or they can be more chronic issues, like late client payments, declining sales, or rising supply costs. While the long-term solutions to each of these is different depending on your business’ particular needs and the circumstances involved, the short term problem is universal: Businesses need capital to operate.
After months of speculation and mounting uncertainty, economists all over the developed world are, once again, ramping up warnings of an impending economic downturn. Slowing global trade, international politics, as well as the more localised political difficulties that are impacting many of the world’s largest economies are beginning to take their toll. With that, experts are beginning to forecast the end of what, for many countries, has been the longest growth-phase in history. While a recession isn’t guaranteed, warning signs are emerging not only in Australia, the UK, or the US, but all over the developed world.
Businesses face a broad range of challenges when it comes to successfully growing and scaling to challenge larger competitors, and to break into new markets. Successful expansion is impossible without stable suppliers, solid marketing, a well-designed growth-plan, good timing, and, most of all, strong financial backing.
Over the past century, journalism has moved away from traditional newspaper reporting to broadcast journalism, and later online news organisations, informal blogs, and YouTube pundits. Where others saw the disruption of an outdated medium, though, Sir Ray Tindle saw an opportunity. Rather than going national with the advent of TV news after the second world war, Tindle began buying up local newspapers and radio stations in the UK, eventually building a local news empire spanning over 200 local newspapers.
Building a business is a group effort. Not only do businesses need funds to drive growth, they also need capital to fund their ongoing operations. Many come up with the necessary working capital by taking out business loans, but this often isn’t enough. Depending on your business’ size and financial health, loans might simply not be an option. The other traditional option, of course, is to turn to investors, who can provide financing in exchange for equity.