Cashflow remains one of the top concerns of small business owners, new research by AXA Business Insurance has revealed.
Four in 10 respondents to the survey indicated that cashflow was one of their main business concerns, with approximately 14% suggesting it is the single biggest risk.
40% also suggested accidental damage and the risk of being sued by customers could be a threat to the future viability of their business, whilst 48% highlighted theft as a problem.
A number of other business risks were cited by respondents, as the sheer range of issues facing start-ups and small businesses in the current economic climate was demonstrated.
Invoice Finance for Start-Ups
Many start-ups facing major headaches accessing external business finance solutions which are both sustainable and suitable to their needs.
Invoice finance is one solution which can suit start-ups, as it doesn’t require an extensive credit history and high levels of personal security are not needed to secure such funding.
BUSINESS FINANCE FACT - More than £16 billion worth of cash was advanced to businesses in Q4 of 2012 through invoice finance, an increase of 2% from the same quarter in 2011....