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Maintaining your mojo
Knowledge
Maintaining your mojo Here are some tips from successful businesspeople on how to stay motivated and driven. We all possess our own 'magical power' that motivates and drives us, otherwise known as our 'mojo'. During tough times, it can be put to the test, but resilience and fortitude is in its very […]
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AirPOS
Success Story
As COVID-19 hit, this Belfast retail company was part way through a funding round when a key investor pulled out and all its customers were forced to shutter their businesses. Needing funding to protect itself from closure, AirPOS applied to the Future Fund and is now looking forward to a future of […]
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Tips on hiring new employees
Knowledge
Tips on hiring new employees What to consider when hiring new employees Hiring a new employee costs more than simply their salary. In fact, when hiring a new staff member at the average UK salary of £27,600, the true cost to you, on average, for the first year of that employment is around £62,890 […]
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Selling your business
Knowledge
Selling your business Whether you're seeking to sell your business in order to retire, or want to use the capital released to build another business, the process can be a stressful and complicated affair. Developing an effective exit strategy requires meticulous planning to achieve the highest […]
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Managing stress
Blog post
Managing stress With the arrival of a second wave of coronavirus, and tighter lockdown measures in place across the UK in response, business owners, managers and employees are facing unprecedented levels of stress at work and at home. Indeed, we’ve all been affected. The Centre for Mental Health […]
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British Business Bank appoints Jenny Knott as Non-Executive Director
Press release
British Business Bank appoints Jenny Knott as Non-Executive Director Press release 14 December 2020 The British Business Bank has appointed Jenny Knott as Non-executive Director (NED) to the board of British Business Bank plc, effective from 14 December 2020. Jenny Knott is a highly experienced […]
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British Business Investments announces new £25m commitment to Haydock Finance
Press release
British Business Investments announces new £25m commitment to Haydock Finance Press release 11 December 2020 British Business Investments (BBI), a commercial subsidiary of the British Business Bank, today announces a £25 million commitment to asset finance specialist, Blackburn-based Haydock […]
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Dealing with working capital problems
Knowledge
Dealing with working capital problems Types of finance used to support working capital Your business can benefit from regularly reviewing its working capital requirements. As many businesses fail due to a lack of cash, effective cash management is crucial . This entails having a full understanding […]
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Reviewing your supply chain
Knowledge
Reviewing your supply chain Assess your supply chain to limit disruption and to give yourself the best possible cash position. Having a secure supply chain is an important aspect of the health of any business. Below, we look at how you can review your supply chain to make your company more […]
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Mercia Hardware (Eagledale)
Success Story
Success Story 07 December 2020 Concerned that the COVID-19 shutdown would severely harm its business, Coventry’s Mercia Hardware turned to the Coronavirus Business Interruption Loan Scheme (CBILS) for financial support. Granted a loan, the company was able to continue to supply its products and […]