Tag: credit
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Are you ready to import?
Suppliers around the world offer a wide variety of goods that might suit your business. You might be able to find lower-priced supplies, giving you a competitive edge, or new supplies that allow you to sell a completely different product. Just as when you buy within the UK, it’s important to find good suppliers, make…
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Common mistakes when starting up – and how to avoid them
Launching a small business can be risky and success is not always guaranteed. Businesses are most vulnerable to failure during the early years of trading, with 20 per cent of new businesses folding within their first year and 50 per cent within their first three years. These figures should not scare you off, but should…
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Manage overseas suppliers
You will find that there are various differences between trading within the UK and trading with overseas suppliers. Typically, these include language differences, new payment methods and increased paperwork requirements. However, with a little research and planning these challenges are easily overcome. Widening your purchasing to the international market can give you a significant competitive…