Hitachi Capital Business Finance's Business Owner Insights looks into the challenges that UK small business owners face.
With a lot of their business coming from the wedding industry, Sensation Band are no strangers to the challenges of being a seasonal business. Similarly, Sensation Band are very busy at Christmas time for corporate business parties and Christmas events. This means that at the beginning of the year and for most of the Autumn months they are likely to have a lower cash flow than they are used to.
In every company there are peaks and troughs throughout the year and Complete Digital aren’t exempt from this. As a marketing agency, they rely on their clients getting budgets signed off and getting the green light to do their marketing activity. One of the ways that founder and CEO Brian Cross deals with seasonal cash flow fluctuations is by being smart with when the company hires new staff members.
Like many businesses in the food industry, Eaten Alive faces challenges that are influenced by seasonality. The growing season for vegetables dictates the availability and quality of the produce at different times of the year. They've found that the cost of ingredients can triple in price if there's a shortage and maintaining the consistency of their products is vital to their business.
Meanwhile Creative were looking to grow their Bristol-based business by expanding to other major cities around the UK. We supported Meanwhile Creative by listening to what it was they wanted, recognising and understanding their specific business needs, and working with them to find a flexible asset finance solution that would facilitate growth and meet demand.
New research by Hitachi Capital Business Finance has explored the challenges businesses led by single parents face. The research surveyed more than 300 single parent business owners asking about how they started their business, running their business day-to-day, and plans for the future.
In our series of Small Business insights, we talk to John & Pauline Farrant, owners of greige.co.uk, an online & retail lifestyle business based in Chiswick about their journey from online pure player to a multi-channel business and the opportunities and challenges they face when competing in a highly competitive market place.
In the second instalment of the Small Business Insight series, we talk to world-recognised Bonsai specialist Peter Chan, managing director of Herons. Peter boasts a record tally of 21 Chelsea Flower Show gold medals, nine books and a handful of British Television appearances. Peter's Bonsai Nursery attracts budding entrepreneurs and customers from across the Globe, who are keen to learn how his business is run.