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  Cash flow is the lifeblood of business. Without money coming in, there’s no money to pay the bills you are running up for marketing, any staff or premises you’ve hired, keeping the lights on and the water running. It’s that basic, and that vital. But when you provide a service or goods without being paid up front, you’re extending credit to your customers. Then, if you have to buy in raw materials, credit may

A new year, with an election ahead and economic uncertainty in the eurozone, promises a rocky ride ahead. But a record number of budding entrepreneurs are gauging the risks and deciding that the time is right to start their own businesses. The government-back Start-up Britain campaign, run by the Centre for Entrepreneurs thinktank, has just reported that 581,173 new companies were registered at Companies House last y

Contract law is the basis of all business activity, whether you trade in goods or services. The law applies to your purchases from a small shopkeeper or the multi-billion deals made between multi-national companies. Legislation can fill in the gaps in contracts with statutory implied terms, such as the Sale of Goods Act, or offer protection to the vulnerable, for example through the Consumer Credit Act governing the

All businesses are at risk from bad debts and the patchy recovery from recession means many companies have been struggling to survive. Should your customers become casualties of economic turmoil, their problems threaten to become your own. It need not be that the business has failed. Declining product quality, delays or missed deliveries can all disrupt your business. That’s when you need to have sound contractual ar