Keeping your costs down is one of the easiest ways to boost profits, whether you're a sole trader or run a huge company. Use our easy comparisons to see if you can save money across a range of business financial products.
There are four areas of your business finances that are worth regularly reviewing:
Accessing the funds you need to grow, manage your cash flow, or invest in new ventures can make a big difference to the success of your business.
It's important you choose the right product and shop around to find the cheapest option. You can use our business comparisons to look for:
We also cover specialist business finance areas like:
Bad credit business loans which could be available if your business has poor credit
Invoice finance where you borrow money by using your outstanding business invoices
Revolving credit facilities which gives you flexibility to borrow only what you need
Merchant cash advances where you borrow against your businesses card takings
Asset finance which you can use to purchase items like machinery and office equipment
Your business bank account is at the centre of your finances, so as your business grows check you've still got the best account.
If your business has cash reserves you want to get a return on, you can compare savings rates here.
Getting the right insurance for your business is crucial to fulfil your legal obligations and to protect your business should something go wrong.
There are two main policies you must have by law:
Look carefully at the cover your business needs, not just what you need to have by law. Find out how to insure your business here.
The less you can spend on your day-to-day costs, the more revenue you will have left as profit.
Utility costs represent some of the biggest outgoings for businesses, especially those with large premises.