Running any business can be risky and with pubs constantly struggling to stay ahead of competitors, it’s important to meet growing customer demands and changes in the industry. Whether you’re having a quiet month or are looking to expand, it might be time to start thinking about making a few changes.
Liberis is proud to announce the launch of the Association of Alternative Business Finance; an organisation formed to promote best standards of industry practice, and shape how the alternative finance sector develops in the coming years.
Understanding the effect of a credit score will help business owners monitor and manage their financial rating effectively, which in turn increases the likelihood of being accepted for credit.
We love small businesses at Liberis, and not just because they are our customers and the people we speak to everyday. It's because of the relationships we are each able to build with the local business owners we come into contact each day. We want to recognise the impact that these businesses have on all of our daily lives.
Concerned about bigger businesses having a competitive edge over yours moving into the new year? We have some digital marketing tips to get your business primed for online growth in the new year!
Managing your money
It seems Brexit may have sparked the urge to cut back in many small businesses according to the results of our recent survey of 200 UK SMEs. 58% of SME owners said that their main priority for the New Year was to reduce costs: many sectors prioritising this over developing the skills of their staff and expansion.
With the alternative finance sector growing more than ever I thought I’d share my experience on the best possible way for SMEs to make sure their credit rating is the best it can be.
A lot has happened in the financial landscape this year, most recently as a result of the announcements in the 2016 Budget, the new National Living Wage and, of course, Brexit. With a great deal of change affecting small to medium businesses in these uncertain times, we wanted to know if – and how – SMEs are planning to invest in their businesses in 2016 and beyond. It was good news – our survey of over 300 SMEs found that a healthy 68% of respondents are planning to take out business finance in the next 12 months to expand their business, purchase new equipment and more.
As a small business, you know that Christmas can be one of the most competitive seasons. That’s why planning ahead can help you to implement ways to stand out from the crowd
British Business Bank Investments Ltd, the commercial arm of the government-owned British Business Bank, has agreed to provide a facility of up to £5m to Liberis to support finance for small businesses. Liberis estimates that the investment will support funding to over 2,000 small businesses in 2016 alone. The British Business Bank was set up with the aim of supporting economic growth in the UK by making finance markets for smaller businesses work more effectively.
Growing your business
A fairly popular dream is to open a restaurant, especially for those who are passionate about food. Being able to cook your favourite dishes every day, and have customers enjoy what you’ve made, sounds like a wonderful idea. The reality is that it takes a great deal of hard work, money, and business knowledge, to get a restaurant off the ground.
Retailers are more than aware that Christmas is the time of year when sales can really soar (Office of National Statistics).