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

The Small Business Sessions (S4E10): How to deal with late payment
Dan Martin
Dan MartinDan Martin Content & Events

Posted: Wed 27th Nov 2019

It's time for another episode of the Small Business Sessions, Enterprise Nation's podcast powered by Xero.

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.

In this podcast, we're joined by former Small Business Commissioner Paul Uppal (he left the role after we recorded the podcast) and Rob Drake, co-founder of Brave Spark. They discuss issues including:

  • How to chase overdue payments

  • How the Small Business Commissioner's office can help

  • Examples of large businesses that aren't paying on time

  • Whether big businesses should be fined for not paying late

  • The impact of late payment on business owners' mental health

Listen to the podcast on Spotify, Apple Podcasts, Stitcher and other podcast platforms. Don't forget to rate, review and subscribe.

Dan Martin
Dan MartinDan Martin Content & Events
I'm a freelance content creator and event host who helps small businesses and the organisations that support them. I have 18 years of experience as a small business journalist having interviewed hundreds of entrepreneurs from billionaires like Sir Richard Branson to the founders behind brand new start-ups. I'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's blog and social media. I'm based in Bristol where I run and host regular events with the local small business community and have strong connections to major business organisations in the south west region. In total, I've hosted over 50 events; from intimate meet-ups to conferences with an audience of hundreds including events for international brands like Facebook and Xero. I'm also a big fan of podcasts having hosted Enterprise Nation's Small Business Sessions as well as lots of online events including Facebook Live interviews, webinars and three live web chats from inside 10 Downing Street. With my partner, I co-run Lifestyle District, a lifestyle blog focused on culture, art, theatre and photography. I'm here to help. I'm volunteering free advice calls of up to an hour as part of the Recovery Advice for Business scheme, over the next 6 months. Please get in touch to see how I can help your business. 

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