This entrepreneurial organisation says debt finance can be a smart tool for business owners to use. But it does contain risks.
Business-themed learning during a career doesn’t have to mean taking a year or two off to pursue an MBA – as we’ll be finding out in our new focus.
What do you do if you are owed money by a business and they will not pay you back? The usual route is to apply to Court and if the claim is less than £10,000 you can use the small claims Court. This has the advantage of being cheaper to pursue especially if the debt is disputed and there is a risk you may lose in Court. Claims above £10,000 usually require a solicitor on both sides and there is a risk that if you lose you may end up paying the winners costs as well as your own.