On this week's podcast we discuss how small businesses can tackle late payment.

The Small Business Sessions (S4E10): Dealing with late payment

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For the fourth series, a brilliant line-up of entrepreneurs and experts share insights and inspiration on how to start and grow a brilliant business.

Hosted by freelance journalist Dan Martin, we're covering issues including business growth, retail, late payment, mental health and alternative finance over 12 episodes.

Episode 10: How to deal with late payment

Late payment is a massive issue for small businesses.

Recent research showed UK SME late payment debt has risen to £23.4bn, up £10.4bn on the £13bn owed in 2018. It is estimated that the average business is owed £23,360 in late payments and there are an estimated 50,000 insolvencies as a result of the problem every year.

 Paul Uppal (he left the role after we recorded the podcast) and Rob Drake, co-founder of 

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Podcast: How to deal with late payment

The Small Business Sessions (S4E10): How to deal with late payment

Discussing late payment, with former Small Business Commissioner Paul and Brave Spark co-founder Rob Drake.  

I&apos;m a <a href=&apos;https://danmartinuk.com/&apos; target=&apos;_self&apos;>freelance journalist and event host</a> who helps small businesses and the organisations that support them. I&apos;m also Enterprise Nation&apos;s news reporter and Bristol Local Leader.
I have 20 years of experience as a small business journalist having interviewed hundreds of entrepreneurs from famous names like Sir Richard Branson and Deborah Meaden to the founders behind brand new start-ups.
I&apos;ve worked for a range of leading small business publications and support groups, most recently as head of content at Enterprise Nation where I was responsible for the prolific output of content on the company&apos;s blog and social media. I now freelance for Enterprise Nation as the website&apos;s <a href=&apos;https://www.enterprisenation.com/business-news&apos; target=&apos;_self&apos;>news reporter</a> and as the host of the <a href=&apos;https://www.enterprisenation.com/podcast&apos; target=&apos;_self&apos;>Small Business sessions podcast</a>.
I&apos;m based in Bristol where I run and host regular events with the local small business community in my role as Enterprise Nation&apos;s Local Leader for Bristol. I also have strong connections with other major business organisations in the south west region.
In total, I&apos;ve hosted over 100 events including conferences with an audience of hundreds for international brands like Xero and Facebook and live web chats from inside 10 Downing Street.
With my partner, I co-run <a href=&apos;https://www.lifestyledistrict.co.uk/&apos; target=&apos;_self&apos;>Lifestyle District</a>, a lifestyle blog focused on culture, art, theatre and photography.

Freelance content creator & event host

New £660m investment fund launches for businesses in Northern England

The fund provides loans of between £25,000 and £2m and equity investment of up to £5m.

I am a Chartered Accountant, having earned a respected reputation in the field of accounting, with more than 19 years of experience in working with small and medium-sized enterprises. Having worked with business owners ranging from one-man start-ups to large companies requiring a different level of services, I have developed a passion for the profession and I am driven by the success of my clients. I have spent many years in business working at boardroom level, holding various positions before being motivated to start my own practice, Makesworth Accountants, where I have blended my technical skills in accounting and tax with my business skills derived from my time in the industry. I have embraced the changing times and technologies and strongly agree that accountants are moving from being number crunchers to being reliable and trusted advisors. Throughout this process, Makesworth has been able to secure various affiliations and awards.
My objective is to add value to my clients’ businesses through the application of my extensive experience and knowledge in accounting, tax, HMRC investigations, business start-ups, and much more.
You can expect us to provide expert solutions for your business needs no matter what business model you have. You will receive a cost-effective service and a free initial consultation.

Chartered Accountant

Accountancy, Taxation and Business Advisory

Accountancy, Taxation and Business Advisory Services in the UK

I founded <a href=&apos;https://bluedotconsulting.co.uk/&apos; target=&apos;_self&apos;>Blue Dot Consulting Limited</a>, Chartered Accountants, in 2001.
We&apos;re based at Putney Bridge, in London, and we work primarily with owner-managed business from those starting up through to multi-million turnover companies.
As businesses grow, their financial management evolves and we have an overview what businesses of different sizes might need to be dealing with:
<ul>
<li><a href=&apos;https://bluedotconsulting.co.uk/what-size-is-your-business/&apos; target=&apos;_self&apos;>Starting up to £100k sales</a></li>
<li><a href=&apos;https://bluedotconsulting.co.uk/what-size-is-your-business-2/&apos; target=&apos;_self&apos;>£100k - £500k</a></li>
<li><a href=&apos;https://bluedotconsulting.co.uk/what-size-is-your-business-3/&apos; target=&apos;_self&apos;>£500k to +£1m</a></li>
<li><a href=&apos;https://bluedotconsulting.co.uk/what-size-is-your-business-4/&apos; target=&apos;_self&apos;>+£2m</a></li>
</ul>

If you&apos;re running a business then concentrate on good, solid bookkeeping, profitability and cashflow.
Within the context of Enterprise Nation, I am keen to help business owners with all of the above and any financial management, bookkeeping, accounting issues that come to mind.
Reach out and let&apos;s see if I can help.
Finally, you might find something useful in <a href=&apos;https://bluedotconsulting.co.uk/blog/&apos; target=&apos;_self&apos;>the least &quot;accountanty&quot; blog</a> you&apos;ve ever seen from an accountant.

Michael

Founder and MD

Cashflow management

A business with a healthy and well-managed cashflow can:

* Reward its owners, managers and staff
* Invest in new products, markets, training and development
* Concentrate on growth

And it’s just a nicer place to work because one massive stress is taken out of the equation.

We help business build simple and effective cashflow models and show them the levers to pull to improve cashflow.

Please get in touch if you think we can help you.

I have been a CEO /owner of 3 start up businesses.
I grew one retail/wholesale business to 10 million turnover , over 100 employees, 12 managers reporting to me and sold the business two years ago .
I also opened two bar/restaurants from scratch . Finding site , obtaining planning permision ,securing relevant licences and development of business. I sold this to a partner .
I am now involved in a new Bar/restaurant venture where I am helping to grow business and develop strategy .

I feel my experience can help small and medium size business from any sector from the practical day to day running to the personal development which is crucial to having a successful business balanced with a rewarding lifestyle.
If you have a business idea I can help you start and develop
If you have been trading a few years I can help to grow and make profits .
If you are stagnating and need to refresh you business and refocus I can help
If you are looking to raise finance or looking for an exit strategy I can help .

Consultant

Charlie Chester

I have been a CEO /owner of 3 start up businesses.
I grew one retail/wholesale business to 10 million turnover , over 100 employees, 12 managers reporting to me and sold the business two years ago .
I also opened two bar/restaurants from scratch . Finding site , obtaining planning permision ,securing relevant licences and development of business. I sold this to a partner .
I am now involved in a new Bar/restaurant venture where I am helping to grow business and

The Small Business Sessions (S4E10): How to deal with late payment

Episode 10: How to deal with late payment

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