Nic Redfern
Finance Director at NerdWallet UK and business adviser to SME's Nic is spokesperson for small and growing businesses with a strong understanding of the financial needs of business
Articles by Nic Redfern:
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Tips for Surviving a Crisis: How SMEs Are Managing the Pandemic
Businesses are feeling the pinch as the UK nears the three-month mark since lockdown was implemented. What measures are SMEs employing to stay afloat?
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How to Apply for a Small Business Coronavirus Bounce Back Loan
Small businesses can now apply for the government’s coronavirus Bounce Back Loan Scheme and access up to £50,000, which will be quickly paid into their business bank account. How does this relate to the CBILS, and how can your business access the funds?
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How to prepare for a business loan application
What should you expect when you apply for a business loan and what preparations should you make? Our brief guide covers all the essentials.
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Can I Use A Personal Loan to Start A Business?
Business loans can be great cash injections and can provide the seed capital needed to grow your business. However, they are not always easy to obtain, especially compared to personal loans. So, is it possible to get a personal loan and use it for your business?
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Are Challenger Banks as Safe as High Street Banks for Businesses?
Since the digital banking revolution and the deregulation of the banking sector, we’ve seen the fastest growth of new banks ever. This means businesses have more options when choosing where to open a business bank account. So, should businesses choose a challenger bank or high street bank?
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What is IR35? And How Does it Impact the Self-Employed?
As a contractor you’ve most likely heard of IR35, but it’s equally likely that you’ve never fully understood the implications of the rule and whether they apply to you. In this article we’ll clarify this complex legislation and explain the upcoming changes for 2021.
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How to Get a Business Bank Account with Bad Credit
As an individual with a poor credit history you’ve probably faced a number of knockbacks when applying for a business bank account from lenders. The good news is that it’s possible to open a business bank account with poor credit. Let’s examine the options.
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How will we Commute to Work After Lockdown?
More people are returning to work, but social distancing is changing our commute. A recent report stated that maintaining a 2m distance between London Tube passengers is only possible at 15% capacity, and for buses only 12% capacity would be possible. How will you commute to work as lockdown eases?
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Self-Employed vs. Sole Trader: What’s the Difference?
Day to day, there’s little distinction between self-employment and being a sole trader— so you might be asking yourself what is the difference, and how does it impact me?
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The Ultimate Guide to Starting a Business as a Student Entrepreneur
Many ambitious students will ask the question of whether you can start a business at university. The answer is a resounding yes. More than one in four, 26% of students plan to start a business while at university, according to Santander Universities. That’s just under half a million new businesses.
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What Insurance Do I Need for Courier Work?
To operate as a courier, you may need to take out certain types of insurance, depending on the services you provide. Is your courier business fully covered?
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Should I Take Out a Loan to Support my Side Hustle?
If you’re looking to grow your small business, or even to expand it into a financially viable career, it might be worth considering a loan.
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How to Create a Small Business Plan
Whether you’re looking to attract investors or provide direction, every business needs a written plan. But how should you go about writing it?
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What Loans May I Apply for When I’m Self-Employed?
Since the financial crisis of 2007–8, banks have been warier of lending to individuals who can’t demonstrate a solid financial track record. This can prove especially true if said individual is self-employed.
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How Can I Get a Startup Business loan?
Starting a business from scratch is a noble endeavour, and there’s no set formula to success. It’s about ingenuity, hard graft, determination, tenacity—and some funding helps, too.
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Should I Register as a Sole Trader or Limited Company?
The legal status you choose for your business has major implications for tax, earnings and even survivability. Should you be a sole trader or a limited company—and how to reach that decision?
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How to Register a Company Name
Registering your company name is an exciting process, and provides you with concrete proof that your idea is transforming into reality.
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Startup Business Grants: Your Guide to Startup Support
As a new business owner it seems you’re constantly spinning plates and putting out fires all while trying to keep your head above rising tides. You don’t have to go it alone! With the help of small business grants, a supportive mentor and savvy networking, your business can truly thrive.
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Do I need a business bank account if I’m self-employed?
If this is the year you’re going to make your dream of being a small business owner come true, you’ll need to know exactly what your banking options are.
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How to Create a Budget For Your Small Business
Budgeting is something of an art form, and it’s absolutely non-negotiable—especially for small businesses.
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What Is Asset Finance and How Could It Support My Business?
Asset finance is a flexible funding option which enables you to secure expensive equipment that your business can’t afford to purchase outright.
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How to Grow Your Small Business Online: 4 Easy (and Free) Ways
An online presence is essential for the success of your business. And with free marketing tools, social media savvy and high-quality design, you don’t have to break the bank in order to grow your business online.
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Are the Government’s Emergency Measures Doing Enough for UK Businesses?
The COVID-19 pandemic has ground financial markets the world over to a juddering halt. The Government have introduced emergency measures to help UK businesses stay afloat—but how effective are they actually proving? NerdWallet investigates.
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How Can Invoice Financing Help My Cash Flow?
By obstructing cash flow, late payments can pose a serious threat to a business. But invoice financing may be the solution you’ve been looking for.
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How to Apply for the Coronavirus Startup Future Fund
On 20 April 2020, the UK Government unveiled the Future Fund, a scheme designed to support startup businesses during the COVID-19 pandemic. How will it work—and will your company be eligible?
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What Are the Benefits of a Remote Workforce?
Remote working has been linked to reduced employee turnover, lower organisational costs and increased employee productivity. Is it time to implement it into your long-term business strategy?
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4 Steps to Make a Cash Flow Forecast
In this current climate, it is important to have a realistic outlook on how your business is performing, both now and in the months to come. Producing a cash flow forecast is key to setting realistic short-term and long-term goals.
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How to Switch Business Bank Accounts
A business bank account can help you manage your income and outgoing costs, but are you getting the best deal for your business? Switching business bank accounts can bring huge benefits.
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Sole Trader Bank Accounts Explained
If you’re looking to start a brand-new business as a sole trader, setting up a sole trader bank account could be the most straightforward method of banking available to you.
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How to Work from Home: A Guide for Employers and Employees
Many businesses have been forced to implement a working from home strategy to survive the COVID-19 lockdown in the UK. We look at tips for working from home, including how to manage a team remotely, how to stay motivated, and look after your wellbeing.
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How do small business loans work?
We give you the lowdown on small business loans, taking you through the options available, how you choose and how you apply.
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Commercial mortgage glossary
If you're looking to purchase a property for your business you need to be ready for an onslaught of phrases and terms that are specific to the commercial mortgage market. Our handy glossary will help you cut through the jargon.
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How to create a business energy audit
Reducing your energy wastage can save your business a considerable amount of money. In this article we take you through creating a structured energy audit to see where you can make improvements.
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