Christmas is a time for festive cheer and goodwill, unfortunately, many UK businesses face the doom and gloom of late payments this year. While late payments cause problems all year round, it is around the festive period that things can spiral out of control. At Commercial Domestic Investigations, we wanted to share some tips so…

If you’re looking to be successful in 2018, and everyone should be, then creating a budget can help. A budget can help you to keep track of your cash flow and expenses, giving you a better view of how your business is performing. Some banks or lenders may want to see it to make sure…

As a small business, it can be difficult to compete with the low prices and stock levels of bigger companies, especially in the run-up to Christmas. In 2010, American Express introduced Small Business Saturday, a day that promoted small businesses all across America. In 2012, the United Kingdom decided that it was time to follow…

An invoice is one of the most powerful credit management tools at your disposal. An invoice is a document responsible for your business getting paid. With late payments being a major problem for UK SME’s, it is crucial that the invoices you are sending out are effective. The goal is to get paid on-time with…

At Commercial Domestic Investigations, we wanted to share the steps that you should take when it comes to making your company creditworthy. Common credit control procedures now include a credit report, if that returns unfavourable information then it will be your business that misses out. Making sure that your business is viewed as creditworthy is…

Business used to be simple, but as the years have gone on it have become easier for companies to hide unfavourable information or portray themselves as trustworthy. The number of insolvencies is getting larger every year, and that means that businesses are being more cautious than ever. Protocols have changed, the days of speaking with…

Once September comes around we seem to fly through October and November and then all of a sudden, in the blink of an eye, it’s Christmas and you’ve only done 70% of what you had planned. We find our companies descending into holiday chaos, staff are getting into the festive spirit, productivity seems to dip…

Black Friday is one of many American traditions that has been adopted by the UK. Every year, the fourth Friday of November sees millions of people head online and to the high street. In general, it’s the bigger businesses that make the most of Black Friday while many SME’s can let the opportunity pass them…

Setting a price for your product/service can be very difficult. Too high and you run the risk of putting customers off, too low and you will make very little profit (if any). The price that you set should be influenced by many aspects of your business; it shouldn’t just be plucked out of thin air….

We cannot stress this enough; stable cash flow plays a vital part in the success of your business. Poor cash flow may mean that you can’t pay your suppliers, this can damage your reputation and your relationships. A poor cash flow can hamper your business’s ability to grow and potentially means that you will have…

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