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When does a payment become late?
The point at which a payment becomes late depends on whether you have agreed a credit period with the customer.
Product life cycle strategies
Key strategies to consider throughout the different product life cycle stages, and how to make the most of each stage.
Tips to ensure customers pay you on time
Ways to actively reduce or eliminate bad debt among your customers.
When to charge interest on late payments
You have a statutory right to charge interest on any money owed to your business.
Factoring and invoice discounting
How to improve cashflow by selling your invoices to a third party.
The cost of factoring and invoice discounting
Credit management fees and interest.
Invoice discounting
Invoice discounters offer an advance on the total amount owed to you by customers.
Advantages and disadvantages of business budgeting
The benefits and potential drawbacks of budgeting for businesses.
Requirements when applying for a bank loan
Banks have a number of core criteria which they will take into account in assessing your finance application.
Advantages of credit checking customers
Why credit checking current or potential customers is so important.
Signs your business is overtrading
Be mindful of the symptoms of overtrading so you can try to prevent it.
Causes of cashflow problems in your business
Common causes of cashflow problems including late customer payments and seasonal demand.
How to find the right suppliers
Where to find prospective suppliers that can provide you with the goods or services you need at the price you want.
Crowdfunding
What is crowdfunding and how can it be used to finance a business.
Funding for innovation start-ups
How to fund an innovation start-up through private financing, equity investments and publicly funded schemes
Funding product or service innovation
Where to find innovation funding and support to start or grow your business through innovation and carry out innovation projects
Concept development and testing
How to define new product concept and test it with your market segment to determine if the product will be a success
UK innovation funding
Where to find support and funding for Northern Ireland businesses looking to create innovative new products and services.
Decide whether to lease or buy assets
The pros and cons of leasing and buying outright.
Advantages and challenges of exporting to France
Be aware of the advantages and challenges of doing business in France.