The recession is officially over, but the climate is still tough for small businesses and SMEs.
For that reason, many are looking to alternative finance options to expand and grow, rather than traditional routes. If you’re hesitating, here’s why your business will struggle to grow without an injection of funds.
Business owners in the United Kingdom are facing the highest rate of inflation for a decade, as Covid-19’s fallout drives up the cost of raw materials. Towards the end of 2021, significant supply chain disruptions were happening across the country and the rise in inflation is likely to see this continue well into 2022.
But other than a general 8% increase in price tags, how has the supply chain crisis affected the various sectors of industry so far, and what has it meant to business owners?
Working capital is at the heart of every successful company, no matter the size, but for small businesses, it’s even more important that cash in the bank is monitored and managed carefully.
In the wake of COP26 and the strive to create a greener economy, many small business owners have been asking themselves how they can factor in greener initiatives into their business models.
