It is very difficult to lead yourself if you are in a very small business. There is generally no problem with motivation but you need to make sure you are heading in the right direction – or if you get thrown off course – you can get back on track.

MBN Recruitment, based in Glasgow, has been granted invoice finance facilities to help it grow its service provision and expand its international business.

Young people across the country, from 18 – 24 years old will have the opportunity to access on average £2,500 to start their own business. Every recipient of the loan will be provided with an expert mentor as part of the Government’s Start Up Loans initiative.

In our experience at RCapital there are three key areas of weakness among business owners: a lack of understanding of the meaning of cash flow management; a tendency towards over trading; a reluctance to ask for advice from those who have had practical business experience – until it’s too late.

In a recession or not, controlling cash is totally critical for business survival. Once they have been recognised, many cash flow problems can be reduced or turned around – many business owners are slow to pinpoint the problem, and then it’s too late.