According to new research, almost half of UK small businesses are looking to grow in the next year. But with 69 per cent of SMEs trading without a business savings account, many may struggle. With half of UK start-ups failing in the first few years, and many claiming cash flow problems were to blame, businesses mustn’t overlook the value of a healthy bank balance and substantial savings. In the accompanying infographic we look at the effect that a lack of business savings can have on promising companies, and what steps SMEs can take to maximise their savings.
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<textarea onclick='this.focus();this.select()' style='width:540px;height:50px'><p><strong>Please include attribution to Aldermore.co.uk with this graphic.</strong><br /><br /><a href='http://www.aldermore.co.uk/resource-centre/business/guides/2015/02/why-your-business-needs-a-rainy-day-fund/'><img src='http://www.aldermore.co.uk/media/2624/406925_aldermore_sme_rainy_day_fund_infographic-2.jpg'alt=’Why your business needs a rainy day fund’ width='540px' border='0' /></a></p></textarea>
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