Our Intervention Framework is now available to download here https://www.smartupproject.eu/intervention-framework/. It is comprehensive document that shares up-to-date knowledge on Early Warning Signals of business crisis, presents detection and intervention opportunities, and makes a clear case for their beneficial application to SME leadership and overall business resilience. It is the first step and basis for the
Many start-ups and SMEs continue to underestimate the financial consequences of bad debts and payment delays and do not implement targeted measures. In a serious of blog entries, we answer the most important FAQs on this topic. Is factoring worthwhile as a possibility to prevent payment defaults? Factoring, i.e. the sale of receivables to a
Many start-ups and SMEs continue to underestimate the financial consequences of bad debts and payment delays and do not implement targeted measures. In a serious of blog entries, we answer the most important FAQs on this topic. What options do I have to check the creditworthiness of customers and what requirements must be met? The
National Enterprise Network (NEN) welcomed all the Smart-up projects partners to Milton Keynes, UK for the kick-off meeting of the project. It was a highly productive meeting around a topic of significant importance, not just in the UK but across Europe. Carol from NEN was the Chair for the meeting ensuring everyone was given the
Small and medium enterprises have undisputed significance in driving Europe’s economic growth, accounting for 85% of new jobs and 66% of private sector employment. As such, the quality and relevance of the vocational entrepreneurship education provided for new and existing entrepreneurs plays a key role in achieving the 2020 goals of smart, sustainable and inclusive
Manage Cash Flow Many startup businesses struggle with cash flow issues. These companies must maintain a balance between getting cash in the door through sales and covering their expenses. When a company experiences extended periods of negative cash flow, the effects on the business is the same as that on an individual who experiences a
According to Mark Hoppe, managing director, ANZ, of credit insurance and debt collection agency Atradius, there are 10 common warning signs that a business may be in trouble. However, he said these are not guaranteed markers that a business is going to fold, and as such context is crucial in determining the relevance of some
