Top 5 - Challenges for business owners
Today’s globalised, interconnected world offers business owners both opportunities and challenges. In this article, we take a look at 5 business and financial challenges that you may face as a business owner, and discuss how you can navigate them.
Navigating economic change
Today’s markets operate in a rapidly shifting landscape. From climate action and geopolitical events to demographic fluctuations or resource scarcity; businesses operate in an environment with many forces over which they may have little or no control. Access to finance options is an area that you can manage. At ABN AMRO we take a holistic view on finance. Our , often available at more favourable rates than traditional funding, can provide support when it comes to weathering economic downturns and taking advantage of upturns – flexibly and effectively.
Managing cash flow
Cash flow is often referred to as the ‘lifeblood’ of your business and with good reason: without a steady flow of cash, you can easily struggle to cover regular operating expenses, to release funds for investment opportunities, or for research and development. Cash flow can also be easily disrupted, for example if you have to wait 30, 60 or even 90 days for your customers to pay invoices, or if you have money tied up in plant, stock or machinery. Our – such as Factoring or Invoice Discounting can provide you with the headroom you need to maintain a steady cash flow that can support your business growth.
Achieving business growth
Many business owners eager to grow their business run into obstacles, for example, due to underestimating their funding needs, or running short of cash as the business expands. ABN AMRO can help you achieve your growth ambitions. For instance, you can utilise your existing assets and unlock their hidden value through , freeing up funding tied up in your stock, plant and machinery, or property – and placing you in charge of your business’s growth.
Conducting cross-border business
In our globalised world, potential business opportunities in other countries can come with cross-border challenges. Our programme enables growth funding across the UK, the Netherlands, France, Germany and Belgium – all in one tailored solution.
Getting support from real people
Digitisation in business and finance offers exciting advantages to business owners. At the same time, we understand there are moments when you need support from real people. At ABN AMRO, you'll find a creative, engaged team of Relationship Managers who value long-term partnership. Using our experience and business understanding, we can recommend viable solutions through digital touch – built on a personal approach. We are here to support you every step of the way.
Katharine Weeden, Director Origination, ABN AMRO Commercial Finance UK