advice

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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.

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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.

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Venturing down the finance route can initially seem a little daunting, typically associated with credit checks, tedious paperwork and onerous conditions. Whilst this may have been your experience with banks and finance houses in the past, this certainly doesn’t need to be the case. At Johnson Reed, we understand the time constraints and daily pressures of running a business, and facilitate your finance requirements in a quick, simple and fuss-free manner.

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Not only highly inconvenient and stressful, ransomware presents a huge threat to your business, and can cause you to loose critical data, time and money. We’ve partnered with Brigantia, the largest subscription partner services community in the UK, to get a first-hand industry insight on the matter. With so many high-profile companies and organisations falling victim to cyberattacks, it certainly begs the question – is there any way we can guarantee full protection?

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Your credit score, in a nutshell, represents your financial stability and is often used as an indication of your ability to meet repayments in a credit agreement. A ‘clean’ rating is not only critical to your customer-supplier-relations, but also plays a vital role in your finance application. The more ‘creditworthy’ you appear to be, the more successful you’ll be in your application. There are a multitude of factors that can affect both your personal and business rating, so it’s important to be aware of these and know what you can do to avoid unnecessary stains on your credit report.

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At Johnson Reed, clients often approach us seeking the secrets behind the perfect business plan to maximise their chances of raising required finance on the best terms. Whether you’re a new start, growing or established business, a comprehensive plan is crucial to your success. Stick with us as we take you through our key considerations and top tips.

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The new EU General Data Protection Regulation will be coming into force in May 2018, and whilst that might seem a long way off, we know all too well how quickly time flies by! Representing the most significant changes in data privacy regulation in over 20 years, the GDPR will presumably require some changes to be made within your business. To ensure you’re fully being compliant by the time the enforcement date rolls around, it’s important to get acquainted with the regulation as soon as possible to allow you plenty of time to iron out any issues.

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We’re often told that ‘Cash is King’. But what does it mean? Quite simply, cash flow refers to the money coming in and going out of a business. The key is to minimise outgoings and maximise your revenue streams where possible, and we’ve compiled some useful tips to help you do just that.