Knowing what’s around the corner is hugely valuable as a business owner. We live in a world full of unknowns, which makes it hard to foresee how the business world will evolve and figure out what steps to take next You can’t change the evolving economic, political and business threats in the world. Below are […]
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25% of NZ businesses will sell up this decade: how to optimise your Return On Investment
One in four small and medium-sized Kiwi businesses are expected to sell up over the next decade, as the baby boomer generation retires – according to research by Link Business Brokers. With today’s unstable business climate, selling your small business might not guarantee the ROI you want. Uncertainty and external challenges could be driving your decision […]
Understanding Your Balance Sheet
To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the Statement of Cash-flow, these reports provide a complete understanding of […]
Reducing the uncertainty: key ways your accountant can assist
The financial year has ended, so it’s time to gather your records for your accountant. If you’re organised, this can be a simple task. But for some, it might feel overwhelming, especially after a tough year. If it feels daunting, tackle it quickly and treat yourself to a little reward once it’s done. Reality check: […]
Sales expectations are improving: giving your sales a boost in 2025
Nearly a third of New Zealand’s small and medium-sized businesses (SMEs) are entering 2025 with growing sales pipelines for the first quarter of 2025, according to new insights from MYOB. That’s excellent news for the Kiwi small business economy, but the same report also shows that 27% of NZ SMEs have less work in the sales […]
Keeping your cashflow strong in tough times
Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive. Make sure you have a clear picture of your payroll, and any other […]
How to optimise your business: look for strategic partnerships
It’s tough making a success of your business alone. So, why not join forces with other businesses to create mutual benefits for everyone involved. Let’s explore some essential strategies to optimise your business, uncovering various paths to grow your business. 3 ways to find your ideal strategic partner Joining a Networking Group such as BNI, […]
Making your business work for you: the big goal
You spend a lot of time making sure your business runs like clockwork. But is your business delivering for you personally, as the owner. We’ll look at the core ways your business can be structured to deliver on your own personal, family, and leisure goals. A business that supports your personal vision and life goals […]
How much should you pay yourself?
Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or drawings. As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the profits. But your time is valuable […]
5 Common Accounting Mistakes
5 common accounting mistakes (and how to avoid them) Starting a business can be a challenging experience, especially when it comes to managing your numbers and staying on top of your financial management. Unless you’ve got some experience in finance, the bookkeeping and accounting requirements can be quite daunting. And even with today’s helpful cloud […]
The importance of good financial management
Why Good Budgeting Matters for Your Finances When you’re operating and managing a small business, you have a finite pot of cash to work with. Because of this, it’s incredibly important to manage your cash well and to have clear budgets and spending limits for every area of your business operations. Let’s take a look […]
5 ways to get in control of your business finances
Having proper control of your business finances is a big advantage. It helps you make well-informed business decisions and keeps your organisation profitable.With so many digital tools for managing your bookkeeping, accounting and management reporting, it’s never been easier to manage, track and forecast your financial position. But what are the main tools you need? […]