Using Finance to Increase Business Revenue

 

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Henley Finance are experts One measure of growth is your business turnover. A growing turnover implies many things about your business. It’s a clear indication that your market position is improving, that you’re gaining more contracts and purchase orders, and most of all, that your business service or product is gaining further traction and improving. Finance can be used to increase your turnover and lead to these characteristics of a thriving business.

As a trading business, you’ll already understand the importance of working capital to pay for your operating costs — bills, wages and everything else in between. Did you know that working capital finance can give you the opportunity to tender for larger contracts, purchase larger quantities of stock, and generally get larger as a business? The three options below will boost your working capital reserves, which can be used to boost your growth.

Giving your customers credit terms to pay you back is sensible for many reasons — in fact, you most likely already do it. It allows you to build great relationships across the supply chain and your business can, in turn, handle large payments better over time.

Invoice finance is simply the process of freeing up cash from your invoices to customers. It uses the value of the service provided by your business – tied up in the invoice – to quickly release cash into your account. Rather than waiting for 30 to 60 days for your invoice to be paid, you simply sell it to the invoice financier who will advance up to 90% of the value immediately. It keeps cash running through the business, so you can pay for your own costs and bills, and make growth purchasing decisions.

Invoice finance can be thought of as simply releasing the current value of the business regularly — it uses existing assets, so what the business currently has. However, it means your business can afford more, and therefore do more.

‘’Some businesses wonder how it will affect their margins, but if you’re taking on larger contracts, you can view the option as a long-term strategy for growth and it’s more likely to stack up.’’ Founder, Richard Butler-Creagh said.

Significantly, invoice finance products grow with your business. They are not simply static business loans. It increases as your business increases, which is why many fast-growing and large companies have it in their roster.

If you are interested in getting finance for your business, whatever it’s size or age, then arrange a consultation with Richard Butler-Creagh from Henley Finance today. Whatever your finance needs, it is worth learning from the experts at Henley Finance. Connect with Richard Butler-Creagh on his Linkedin page here.

Richard Butler-Creagh Blog

Richard is a Property and Finance Consultant who owns Henley Finance Ltd a specialist lender providing bespoke short and medium-term funding solutions to the residential and commercial property markets. We like to keep you update with all financial news that we think is important in today’s financial market

Internet of People Blockchain Fermat Signs Up New Partners

Fermat’s goal is to enable direct device to device communication, independent of any entity or web server.

Fermat, a decentralized and blockchain-enabled open source project developing the Internet of People (IoP), has announced upgrades to its architecture. Launched in April 2016, Fermat’s goal is to enable direct device to device communication, independent of any entity or web server.

Over the course of 2016, Fermat has built and implemented the IoP token blockchain, and distributed mining software and IoP Wallets. Its key point is a mining scheme where mining licenses are issued to local chapters. Its native IoP tokens are currently traded on two cryptocurrency exchanges, Bittrex and C-Cex.

The latest technology to be released in Alpha is the Profile Server. As a piece of the broader IoP architecture, the Profile Server will enable any user to discover another user’s profile and establish a device-to-device connection directly between them.

“Completing the development of the Profile Server is is a significant milestone for the project, as it is an essential component of the Fermat infrastructure. This combined with the completion of our Location Based Network and Content Address Network puts us firmly on track to meet all of our development goals in 2017,” said Founder Luis Molina.

The Location Based Network is the foundation for geo-localized services Fermat will offer to entrepreneurs building IoP connected apps. Services built on the Fermat stack in the future will be able to partner with its nodes, and by doing so, these services will become geo-localized.

Partnerships

The project has also attracted a few new partners: Heimdall PE Partners AG, a Swiss advisory firm for investment vehicle structures and private equity; Tom Lyons, Founder of Lyons Communications, a Swiss-based communications agency specializing in Fintech; Søren Fog, CEO and Co-Founder of iprotus, a leading blockchain consultancy; and Jeremy Epstein, CEO of Never Stop

Marketing.

“One ambition of mine for 2017 was to expand our management team with world-class talent. I am delighted to welcome Heimdall PE Partners, Tom Lyons, Søren Fog and Jeremy Epstein to the Fermat project and I look forward to watching the project grow and succeed with their expertise and knowledge of their fields. The next step is to hire a full-time senior management team. The size of the project already demands it,” said Molina.

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