West Midlands business leaders are the most confident in the UK, show results from a recent report by HSBC Commercial bank. The number of businesses in the region expressing confidence in the economic recovery almost doubled this year, jumping to 82% from 44% in 2013.
Findings from a survey carried out last month show that 53% of small businesses believe their companies are feeling the recovery ‘a little bit’, while 28% say their situation has either remained unchanged or has even deteriorated.
Sadie WaldenMarketing Executive and Content Manager
At some stage in your business, it's likely you'll need to seek outside investment, and that means convincing the people holding the purse-strings that you're worth their time - and money. Here are some tried-and-tested tips for pitching like a pro.
If you've recently joined the ranks of British small businesses who export their goods overseas, you've done it at the right time: in the March Budget, the government announced that it would double the funding for export finance to £3 billion to boost UK industry. Interest rates on this lending will also be cut by a third, making it cheaper for firms to tap into markets overseas. With this in mind, here are some tips for businesses looking to get into the exporting game:
Maybe you're in it for the money, maybe not - but no matter why you're in business, cash is the lifeblood of your company. In the worst scenario, poor cash flow management can spell the end of your venture. However even in less extreme cases, it can still be damaging, as finding yourself unable to pay your suppliers, landlords or employees even once can put a long-term strain on your business relationships.