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Small companies are the backbone of UK corporate land and David Cameron, Britain’s Prime Minister, no less, has recently said that he believes that they are crucial in creating jobs, wealth and opportunity. Small businesses are seen as having a key role to play in play in the UK’s economic recovery – more major economic turmoil from continental Europe notwithstanding.

Even so it is still depressingly tough for small companies with a host of problems to overcome and it seems little in the way of real meaningful support from government or the banking sector. For them, it appears, that any kind of business lending is just still too difficult or unattractive.

Moreover, smaller companies are often finding that they are being squeezed financially by larger ones who are effectively using their size and power to dominate smaller companies and use them in effect as a source of finance. According to the Federation of Small Businesses’ statistics as many as 30% of small businesses say they are being paid late on a regular basis.

Whilst there is some legislation around to prevent this (late payment interest etc.) many small companies are reluctant to use these methods as they risk damaging the relationship with their customers.

There are a few practical things that all companies (even the larger ones) should do to help minimize late payments and reduce the pressure that this puts on cash and the ever increasing risk of default.

Firstly make sure that your terms of payment are agreed in writing. See a lawyer if you haven’t already got some well written and legally enforceable Terms & Conditions of sale.

Make sure you have a formal system in place for credit check all your customers. There are many ways to do this with a number of web sites available online, it doesn’t cost very much and it is quite an easy thing to do. This will help you to make informed credit decisions and many of them will tell you if your debtor has a track record for paying people on time.

Try to have a champion at your customer (usually the person buying your goods or services) who can help pressure the finance department if needed and will help smooth out any issues.

Make sure you get your billing right, errors and omissions are the commonest reasons for delayed payment. Don’t provide your debtor with any excuse; check and double check names, addresses, purchase order numbers, prices and all calculations.

Make sure that you or someone in your team calls your debtor well in advance of the invoice falling due for payment to make sure it has been received, is being processed and that there are no problems with it – don’t wait until it is overdue.

Review you overdue debts position regularly (create an aged debtors report) and make sure that all overdue debts are escalated for management intervention.

You are here because you want to know more about how to trade foreign currency. Foreign currency, also known as foreign exchange, or FX as it is most popularly called, is traded on one of many markets collectively called the FX market. Naturally, you want to know how to make money trading FX, but you’ll also want to learn how to avoid losing money while trading FX. This is the key to successfully trading FX – trade smart. You trade smart by doing exactly what you are doing here – learning all that you can about every facet of the FX world.

One of the most important things you can do to save yourself a lot of heartache and heartburn is to learn about the forex brokerage firm that you plan to associate with. Fly-by-nights and Johnny-come-lately FX companies are creating and opening up websites every day. Not all of them are legitimate, unfortunately, and there is little recourse to the investor who unwarily opens and establishes an FX trading account with his hard-earned cash.

A reputable company will be one that has been around for years. It’s important that you read the company’s “about us” page and learn who they are, where they are located, what they stand for, and what their policies are, try to read out source forex brokers reviews and see what other traders think about them. It’s also important to learn what protections and safeguards your account will have. Also consider seeking out the opinions, criticisms and testimonials of other forex traders who have used their services to help you assess the company before you open and fund your trading account.

And speaking of funding, be certain that you know exactly what the brokerage firm requires of you. A disreputable firm may lure you in with a low initial deposit, only they neglected to clearly state that that low initial deposit was below the minimum trade. Be absolutely clear as to the minimum and maximum amounts you need to start your account and start trading with your account.

While it’s absolutely true that experience is the best teacher, it’s equally true that forewarned is forearmed. If you want to trade FX – trade smart!

Do you have RV insurance? If not, then, it is important that you must seriously ponder about getting one to get an optimum level of financial protection from events such as theft, fire, accident, etc that may crop up involving your RV.

Many people have an impression that RV insurance is just similar as conventional car insurance. What they fail to realize here is that a RV is just not any other kind of a common vehicle. It is loaded with all the amenities and luxuries that you may find in your home. It is absolutely not wrong to say that a RV is just like a second home for many people and by taking a best RV insurance, they can ensure that the RV as well as their valuable personal contents such as clothing, jewelry, TV, camera, laptop, etc are quite adequately covered.

A good motor home insurance policy is very much critical because if a problem occurs in some parts of a RV, then it is fully replaced in a hassle free manner. If any items have been destroyed because of the theft, natural disasters or any kind of unforeseen events, then it will be totally replaced. The vital benefit of taking RV insurance is that in case you happen to meet with an accident, then it is guaranteed that you as well as all the occupants in the RV will be provided with the best medical coverage. To the top of it all, you will not be required to pay the cost of repair of your damaged RV as it will taken by the RV insurance. A standard RV insurance plan also provides various kinds of the coverage also such as personal content coverage, emergency expenses, roadside assistance and towing.

A very important point of consideration that should not be forgotten here is that insurance for RV must always be taken from a best insurance company because they will be quite able to provide the right type of the insurance at the best rates. With many companies in the market dealing in this particular kind of an insurance, it is imperative that you shop around little bit to find out the right insurance company that specializes in the RV insurance.

You can get a best RV insurance policy that guarantees a significant amount of protection and security is from the financial companies. Those companies that provide finance for RV have an excellent alliance with many insurance companies and they can certainly negotiate help you to get the suitable plan with the better rates that too within your affordability levels.

Therefore, if you have figured out the need of RV insurance, then it is pivotal that you buy out some time from your busy schedule and get insurance for your RV today and guarantee a great peace of mind.

Robert is a financial blogger primarily focuses on Recreational Vehicle Financing. He has written many interesting and informative posts on RV insurance, RV loans and many more finance related topics.

When it comes to getting a good deal on your car insurance quote, there are a few neat tricks that you can use to ensure that the price stays low. A lot of people will stay with the same company when it comes to car insurance for years, and while this is often a great option, there are also many other great deals out there. Here are a few of the best tips to ensure that your car insurance premium doesn’t break the bank.

#1 – Try not to claim for small amounts

Let’s say that you have an accident; the first thing that you will probably do is call your insurance company and let them take care of everything. Now, this isn’t always the best thing to do and in fact, we recommend that in a lot of cases you don’t do this if at all possible. Making claims on small amounts when it comes to car insurance can often pump up your quote for the following year. In fact, we’d say that anything up to a cost of £500, you should ideally fix without claiming through your car insurance company.

The reason for this is that you will just be charged a higher premium when it comes to renewing your insurance the following year. You can also make sure to keep your excess high when you apply for the insurance to get a lower quote.

#2 – Be specific when it comes to your occupation

When you are filling in the forms on the comparison websites or even the insurance websites themselves, you will often be asked for your occupation. You might not have realised, but there are a handful of occupations that insurance companies don’t favour at all. If you have one of these occupations, your insurance premium might skyrocket. For example. many insurance companies don’t like sales reps or estate agents. This is usually because they will be traveling quite a lot.

By being more specific, you can lower your insurance premium. For example, let’s say that you do work for an estate agent but you only usually work at the office and do the admin work, you might put “administrative assistant” instead to lower your premium. Little things like this can add up to a big difference in your costs.

#3 – Don’t modify your car

A lot of people like to add extras to their cars these days, especially those that are young. However, adding a state-of-the-art surround sound system or colour neon lights to your car is only going to increase your insurance premium even more; and this is far from what you want, especially if you are young and have a high premium already.
By ensuring that you don’t modify your car too much with accessories, you can ensure that your premium stays as low as possible.

#4 – Add an extra driver to your policy

This might seem like a bit of a strange tip but in a lot of cases, this actually lowers your insurance costs. By adding another driver to your policy, you might see a reduction in your costs and it also means that a friend or family member can drive your car (should you allow it of course).

This is something to be careful with as it really does depend on a variety of factors. Age, relation and many other factors are taken into account by the insurance companies so make sure you explore this option before you go ahead with it.

#5 – Buy a used car

Again, this is a neat little trick to ensure that your premium is as low as possible. By purchasing a used car, you will be able to make sure that the value of the car your are insuring is much lower than if you purchased a brand new car. This means that should you opt for fully comprehensive insurance and the insurance company has to pay out should your car be stolen, they won’t have to pay out as much.

In effect, the cost of your car will be part of the algorithm used by insurance companies when it comes to calculating your premium. Used cars can be reliable and cheap too so this is actually a plus point for a lot of people.

Recent data from Swinton Car Insurance reveals the makes and models of cars which have recorded the lowest number of speeding convictions in the UK. The research compiled from Swinton Car Insurance covers 545 from over 60 manufacturers. Input your car make and model into the app and discover whether you are a speed demon or a road angel.

Research suggests that the safest road users include drivers of the Volvo 360, Hyundai I40 and the Datsun Cherry. On the opposite end of the spectrum we have the speed demons including the Chrysler Ypsilon, Daewoo Lacetti and TVR Griffith 500 Convertible. What type of driver could you be? The Swinton Speedometer is linked to Facebook and Twitter allowing you to share your result with your friends and followers.

When looking at new car insurance policy it is vital to ensure that all eventualities are covered so that you are protected. Car insurance policies vary dependent on your needs. Classic car insurance for example may have extra emphasis on maintaining the bodywork of your vintage car in pristine condition. Car insurance for young drivers also varies; it can be a long process to find a great deal if you have only recently passed your test.

If you are looking for a great deal on your car insurance why not contact the specialist team at Swinton Car insurance who search the UKs top car insurance companies on your behalf to ensure that you get the best cover for your needs.