Image credit – https://dubaisims.com/ Cash flow is, for many of us, the ultimate measure of business success. When it’s flowing as it’s meant to, everything seems prosperous. But when the opposite is true, your options can narrow in a very short span of time. Some brands find themselves stuck in a financial hole, without a … Read more
Advice
Buying and replacing equipment is a huge financial burden for any hospitality business – whether it’s a fledgling one with limited funds, or a bigger brand looking to expand without jeopardising cash flow. Catering equipment leasing is a smart alternative to paying for this upfront, but it can be hard to get to grips with … Read more
Credit scores can be just as frustrating for businesses as individuals. A poor credit score, or a lack of one in the first place, can be a thorn in the side of your plans to grow or invest. Johnson Reed have already written about how to keep your business credit score healthy, so you’re in … Read more
Outsourcing finance for your business can be a daunting prospect – especially with the overwhelming range of products on the market. Whether your business is looking to purchase new assets, upgrade equipment or requires a cash injection for another purpose, Johnson Reed’s lease, loan and asset finance facilities provide a one-stop shop. Here’s the what/why/how breakdown and key features of each of our facilities…
Whether you’re in the new start stages of business, or an already-established or growing model, planning and preparation are essential to your success. Clearly defining goals and regularly reviewing your strategy help you remain focused and ensure every decision is made with your business’ growth in mind. Here are our top planning tips for a successful 2018.
At Johnson Reed, we believe the role of a finance partner goes far beyond simply facilitating funds. With many different brokers on the market, it’s important that you choose a partner that can meet your requirements quickly whilst being fully invested in your business and its success. Here are the key qualities that both businesses seeking finance and vendors should look for in a partner.
It’s been another busy year for the soft play industry, and at Johnson Reed, we’re incredibly proud to have been involved with so many new-start ventures, alongside the numerous projects involving existing operators and our repeat customers in the sector! As the market becomes more saturated, as operators it’s important to be vigilant and take the time to regularly review your offering to identify any areas for improvement. Here are just a few ideas to help you boost your business and bring more custom through your doors.
Regardless of whether you’re a new-start, growing or established business, capital is one of your most valuable assets. With money constantly moving in and out of your business, it’s feasible that you might need to consider sourcing external funds to help you manage cash flow or achieve business goals. Applying for a business loan can come with a negative stigma; often perceived as a sign of financial hardship or a last resort – but this certainly isn’t always the case! On the contrary, loan facilities can be used as part of a strategic move for a business; as more of a proactive, rather than reactive, solution.
Sometimes upgrading and purchasing new equipment is necessary to enable and maintain your day-to-day operation, and sometimes your investment may be part of a wider strategy to grow and improve your business. Regardless of your rationale, it can help to adopt the analytical mindset of a business growth expert to ensure you’re making a worthwhile investment and taking a step in the right direction towards your business growth.
Here’s the inside track on a business growth expert’s decision-making process, and how to approach every equipment purchase as a revenue-generating asset.
We’re often asked, particularly by new-start operators, ‘am I eligible for finance?’ Whilst the bank and more traditional lenders tend to operate by a very strict criteria, the process of securing finance with Johnson Reed is a straight-forward and much speedier process. The information required and the process itself can vary depending on a number of factors, and whilst we like to review each business case individually, we understand it can help to have some initial transparency on what’s involved. With this in mind, we’ve compiled a cheat sheet to give you the inside track on how asset finance is underwritten and approved in the UK.