6 smart ways to put loans to use in your business
Regardless of whether you’re a new-start, growing or established business, capital is one of your most valuable assets. With money constantly moving in and out of your business, it’s feasible that you might need to consider sourcing external funds to help you manage cash flow or achieve business goals. Applying for a business loan can come with a negative stigma; often perceived as a sign of financial hardship or a last resort – but this certainly isn’t always the case! On the contrary, loan facilities can be used as part of a strategic move for a business; as more of a proactive, rather than reactive, solution.
Growth and Scalability: How to treat every kit purchase as a revenue-generating asset
Sometimes upgrading and purchasing new equipment is necessary to enable and maintain your day-to-day operation, and sometimes your investment may be part of a wider strategy to grow and improve your business. Regardless of your rationale, it can help to adopt the analytical mindset of a business growth expert to ensure you’re making a worthwhile investment and taking a step in the right direction towards your business growth.
Here’s the inside track on a business growth expert’s decision-making process, and how to approach every equipment purchase as a revenue-generating asset.
7 ways CRM can enhance your business growth
Regardless of the size of your business or industry, a customer relationship management (CRM) system can form the framework of your business; helping manage much of the day-to-day and streamline your operation across departments. Used to its full potential, your CRM can be a powerful marketing and sales aid solution; helping teams operate more efficiently, identify new opportunities, and ultimately, win more business.
Am I eligible for finance?
We’re often asked, particularly by new-start operators, ‘am I eligible for finance?’ Whilst the bank and more traditional lenders tend to operate by a very strict criteria, the process of securing finance with Johnson Reed is a straight-forward and much speedier process. The information required and the process itself can vary depending on a number of factors, and whilst we like to review each business case individually, we understand it can help to have some initial transparency on what’s involved. With this in mind, we’ve compiled a cheat sheet to give you the inside track on how asset finance is underwritten and approved in the UK.
Hallidays help businesses be Cyber Wise
Whilst some fraud attempts are laughable (like the substantial ‘tax rebate’ you forgot to claim!) others are becoming more sophisticated, and stand a chance of catching even the most IT-savvy businesses out. Once an attack strikes in the workplace, it can take a great deal of time, money and valuable resources to get the issue resolved. Yet whilst businesses are becoming warier of the problem, a significant proportion are still yet to take appropriate action.
The 6 most common misconceptions of leasing
Venturing down the finance route can initially seem a little daunting, typically associated with credit checks, tedious paperwork and onerous conditions. Whilst this may have been your experience with banks and finance houses in the past, this certainly doesn’t need to be the case. At Johnson Reed, we understand the time constraints and daily pressures of running a business, and facilitate your finance requirements in a quick, simple and fuss-free manner.
