14/08/2023
One of the biggest problems faced by Business Owners in the UK is getting paid on time!
If you know, you know! 😅
It’s a domino effect from the top down with SMEs getting hit the hardest.
A recent survey from Barclays showed that 39 per cent of SME owners say their mental wellbeing has suffered as a result of late payments, with over a third having had sleepless nights.
In my experience, interacting with hundreds of business owners, I've found they generally adopt a "get on with it" attitude. They tend not to complain - but the harsh reality is many are silently struggling.
If you are somebody that is always worrying about getting paid by your clients, this article is a must read!
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So, today was the day - the day that sizeable invoice was supposed to be paid. You've been anticipating this moment, knowing it's a crucial cash injection for your business. You check your bank account with a sense of expectation... but the payment hasn't