Top 10 tips for credit control

Top 10 tips for credit control

1. Agree clear payment terms Make your payment terms clear to your client – this should be in writing, ideally in the form of a contract. 2. Keep payment terms short The payment term that you set should be as short as possible but be realistic. When do you need the...
Types of Finance and Funding

Types of Finance and Funding

What should you consider when your business is up and running? Make sure you closely manage your cash, and your profit and loss. Cash flow is the net amount of money moving in and out of the business. Check that you are making enough money to reinvest in the business...
Innovate UK business support

Innovate UK business support

Innovate UK business support helps UK companies grow by developing and commercialising new products, services, and processes. As part of UK Research and Innovation (UKRI), Innovate UK provides funding, expertise, and access to a dynamic innovation ecosystem that is...
What is business strategy?

What is business strategy?

The success of any business is determined by the effectiveness of the strategy it follows. A strategy explains how a company plans to compete in a market and how it intends to grow at a profit. Businesses worldwide sell goods and services in competitive markets that...
UK manufacturing support

UK manufacturing support

UK manufacturing support is vital to the growth and evolution of British industry. Make UK champions and celebrates UK manufacturers, providing a platform for innovation, skills development, and competitive advantage. As the voice of manufacturing, Make UK works to...
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