Innovation and Skills in Business

There is a year on year rise of 4% in business lending nationally. More patents are registered by SME’s than by all the big companies combined. Many companies that think they need money in fact just require experienced members of staff and a high level of team work from like-minded individuals.

During The Olympics companies were pulling together and striving to achieve standards of excellence. This shows the importance of a positive attitude as well as sharing knowledge and mentoring.

Success in business is largely driven by having the right attitude. This is important at all levels of business. It is important to be passionate about what you do and realise that the more you put into it the more you can get out of it.

However, that being said sometimes it does all come down to not having enough working capital in the business and requiring a cash injection. If this is the case then Beer & Young are the people to speak to, being that they are market leaders in the field.

Rise In Alternative Finance

500 New UK companies have tapped the abl market between January and the end of March 2012. There are also currently 42,000 SME’s who regularly raise capital using this kind of funding. In the first quarter of 2012 lenders advanced £15.4bn against assets and invoices, a rise by 4% on the same period in 2011.

The rise in ABL could be due to the fact that banks are less likely to lend to companies than they have been in previous years. The Bank of England has dramatically dropped their amount of lending this year, with figures dropping £9.6bn in quarter 1 (the biggest quarterly drop since 2009) and £1bn in quarter 2.

Beer & Young know all of the lenders and can work with them in securing you the best deal possible. Why not check out Beer & Young’s awards and then make that all important phone call.