Business Expansion & Concern

Business Expansion

Recruitment for full time posts in the South of England has increased for the 10th month in a row say KPMG.

business expansionThis trend is expected to continue according to the Close Brothers Business Barometer, with 18% of businesses expecting to take on more full time staff during the next 12 months.

If you ask any recruiter what the major challenge with recruitment is they will tell you it is about finding the right staff. Selection and finding staff is the big challenge.

This concern is reflected in the Close Brothers report.

Expansion Concerns

cash flow concernBusiness expansion brings with it more concerns than just recruiting staff. The same Close Brothers report shows that cash flow is a major concern. Not surprising really. We are always harking on about cash flow, cash is king, cash first, cash over profit, or whatever else we term it as.

However, there is a little more detail here that caught our attention –

  • 29% of firms in the South East quote cash flow as a worrying factor
  • 60% of firms said they were unaware of invoice finance

The combination of these two factors suggest that not only is cash flow a concern but the options available to solve it, well business owners are unaware of them.

Alternative Business Finance

Invoice Finance, or Sales Finance, Factoring, Discounting, whatever you want to call it. It is not really a particularly new or alternative way of raising finance. Yes, it has been misunderstood and often businesses are unaware of just how flexible it is, but to be unaware of it? The question of who advises these companies has to be asked.

So What?

When considering business expansion then stick to what you know. If you are thinking about cashflow then take good advice, get your options then see what works best for you and only you.

If you want to know what your options are then give us a call, we will talk you through anything you need, no sales approach, just guidance and knowledge. The decision will always rest with you.

If you want to read the Close Brothers report in full then have a look at – Close Brothers Business Barometer Q2/12.

If you have any comments about this article then please add them above, or contact us via the website.

By Lime Consultancy

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