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.
Since the 2008 financial crisis, consumer trust in banks has declined and despite efforts to support customers during the COVID-19 pandemic, the level of trust in traditional banks remains low.
The prospect of high inflation, how to address the UK’s eye-wetting levels of national debt and increases to the National Living Wage will only add to some of the longer-term problems businesses have faced of late. But setting aside the headwinds, how can businesses find their feet in what Chancellor Rishi Sunak has modestly described as a challenging environment?
