Trump names Small Business Administration nominee, Funding Circle closes SME Income Fund, and Flippa talks small business exit strategy
| | | | BUSINESS TO BUSINESS EDITION | | In UK, Cabinet Warns Suppliers Of Bans Over Late Payments Public contractors get a warning in the U.K. that late payments to suppliers and subcontractors could get them banned from public works, once new rules debut in the fall. Xero finds a number of smaller firms were cash-flow negative in the past year, due in part to late payments. Elsewhere, a scam uses late payments to lure utility customers to send funds to fraudsters. |
| SMBs Shift Their Cash Management Strategies As competition in the small business (SMB) banking sector heats up, entrepreneurs are making changes to their cash management strategies. The latest research finds evidence that SMBs are turning away from traditional lenders and banks, while retaining their financial confidence â even as a recession looms. |
| | SMB Finance | | Why Small Business Owners Should Always Have An Exit Strategy An entrepreneur at the helm of a startup probably isn't thinking about how to sell the business 20 years down the line, but preparing for an eventual exit would be a wise move, says Blake Hutchison, CEO of Flippa. There can be a lot of paperwork (and headaches) involved in a sale, but the rise of cloud accounting and data integrations has had a profound impact for both buyers and sellers. |
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