2014: A good time to start a business?

UK entrepreneurs are being encouraged to start new businesses this year on the back of increasing confidence and improving economic conditions. Figures released by Ingenious Britain have shown that almost 100,000 new businesses were set up during the first half of 2013, up 3.4% on the previous year, with even more likely to be set up this year. Ingenious Britain director, Mark Moore, said of the survey findings: “We are seeing confidence returning to the small business sector... most surveys are now showing optimism among small companies rising, in some cases to the highest levels for many years.” Encouragingly, more and more young people (aged between 18-30) were in the process of setting up new businesses. Moore continued: “Perhaps because the last few years have been so bleak, we seem to have become more comfortable as a society with taking qualified risks when starting up a business than perhaps we were pre-2008.” “Business failure no longer has quite the stigma it used to have and more people are using that experience to create more sustainable businesses second time around," he concluded.

Invoice Finance for New Businesses

New businesses can sometimes struggle to access the external funding they need to really get their cashflow going in the right direction, which is where alternative finance solutions can come in handy. Invoice finance is one increasingly popular option, which releases cash quickly and simply from unpaid invoices a business has. Such solutions include invoice factoring and invoice discounting, with such facilities currently funding thousands of businesses up and down the UK. If you’d like to find out more about how invoice finance can assist your new business, why not fill out the no-obligation enquiry form on the right hand side or give us a call on 0845 602 9354 and one of our friendly team will be able to assist.