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For small businesses, using a traditional bank account overdraft facility to overcome cash flow problems has become a much less readily available option. Thankfully, there are other alternatives to bank overdrafts emerging for SMEs and the following options are already helping thousands of small firms find financial flexibility when they need it most.1 – Invoice factoring and discounting&nbs...
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Here at Startacus we do like a good reminder. After all if like us you've a fab but reasonably flat / small team of paid employees the chances are there's a good deal of multitasking and 'pulling in all directions' going on!  So, for those of you with a responsibility towards wages, payroll, administration, cash-flow, managing the books - and probably a whole lot more, take note of this ver...
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Welcome to the Startacus monthly financial news round-up, brought to you by Sophie Turton of Crunch Accounting. Scotland decided to stay in the UK and the media moved their clairvoyance elsewhere. Meanwhile, September saw more growth for small and micro-businesses, who, it is predicted, will change the face of British enterprise. Ed Miliband also showed his support for the self-employed ‘ar...
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Crowdfunding is bloomin’ marvellous isn’t it? And if Indiegogo is to have its way, it could be about to take yet another giant leap forward, through its pioneering development of a new ongoing funding scheme. Thus far, all crowdfunding platforms have offered eager campaigners a splendidly simple proposition - reach your funding target, and the money is yours, fail to reach it and it's...
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Ideas for Convincing the Bank That Your Idea is Credible If you'd like to start a business and need the initial funds to get your idea off of the ground, you'll have to be persuasive.  Convincing a bank that your business idea is credible is quite the challenge.  Let's take a look at some tips to make it happen. Show How You'll Use The Money Bank lenders will be more receptive to your...
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Welcome to the Startacus monthly financial news round-up, brought to you by Sophie Turton of Crunch Accounting. August was a record-breaking month for small businesses and startups. The number of Britons going it alone in business skyrocketed with the over 50s taking the lead for the UK’s most entrepreneurial generation. The government is also doing more to support the growing vanguard of s...
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Welcome to the Startacus monthly financial news round-up, brought to you by Sophie Turton of Crunch Accounting.SMEs and freelancers have been given government backing this month, as the rising number of self-employed continues to spark discussion in parliament. On the flip-side, late payments have been found to seriously affect SME success rates, with 60% of small businesses experiencing tardy pay...
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Heard of Bitcoin but not really too sure if the penny has dropped with regards to what it’s really all about? Yep - us too. So we thought what better place to start than by speaking to Bittylicious, a UK based marketplace that connects buyers and sellers of Bitcoins together. Looking to find out more about the Bitcoin scene, and whether this is a ‘fad’ or if you’d bank on ...
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Unless your friends and family happen to be ultra rich super billionaires with bottomless savings accounts, then broaching the subject of them investing in your startup has the potential to be a difficult, awkward and rather highly pressured undertaking. Some of you will no doubt already be cringing in horror at the mere suggestion of such an ill-advised coupling of business life and personal...
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Welcome to the Startacus monthly financial news round-up, brought to you by Sophie Turton of Crunch Accounting. Business confidence hit a record high last month with the manufacturing and construction sectors looking particularly perky. However, despite reports of continued growth across all sectors, fears over the potential damage caused by increased interest rates continue to swell. ...
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