Cash Flow Advice for Small Businesses

Solid cash flow management is vital to ensuring your business survives, but not everyone understands what cash flow is or how to manage it. That’s likely what makes it a leading cause of stress for small business owners. Cash flow refers to the movement of money into and out of your business. It’s based on the amount of money you bring in minus the amount you spend. A positive cash…  Read more

The Achiever Matrix – The Four Quadrants of Success

We found this really helpful in understanding where my time is spent and where it needs to be, along with what we can do about it.  We would love to hear you thoughts. The Achiever Matrix (created by Stephen Covey) is made up of four quadrants and helps you prioritise tasks based on their importance; allowing you to manage your time better and achieve more.   Quadrant 1 is The…  Read more

The Outline and Benefits of Business Planning

Business planning gives you a road map and shows you the best way to get to your destination. Without a map, you are driving blind and feeling your way along as you go, which means you could miss a very important turn in the road and arrive in a completely different place than you desire, or you could end up taking a detour down a gravel road instead of taking…  Read more

How an accountability group can help your small business succeed

It’s one of those tricky balancing acts most business owners struggle with right? – how to spend as much, if not more time on their business as in their business.  This is something I struggle with myself as a small business owner. An accountability group can help you strategize for future growth and set goals that move your business forward. Most importantly, checking in with other people on a regular…  Read more

Three Consequences of Avoiding Your Bookkeeping

If you ask 100 business owners what they like least about running a business, chances are good that bookkeeping will rank high on the list. It’s one of those chores that takes up a lot of time and is easy to put off until tomorrow.  Generally its also the last thing you want to be doing when you spend all day working either in or on your business. The problem…  Read more

Five Startup Killers To Avoid and Strategies for Lowering Your Costs

If you want your new business to succeed, you need to make smart decisions and be strategic. Here we share five business killers that you should avoid if you want your startup to be successful, along with some strategies for lowering your start up costs. Too much overhead– Start with the bare necessities and focus on surviving your first year in business. By keeping your business lean in the early…  Read more

5 Key Ways to Boost Your Revenue This Year

2020 has been a difficult year for business owners. Now that a new year is upon you, it’s time to put your foot on the gas pedal and make 2021 the year for your business. Here are some ways you can grow your revenue this year and beyond: Review your business and address blind spots. The first thing you can do is to look at your current situation and identify…  Read more

The new tax rate of 39% – how is that going to impact you?

In December 2020, the NZ Government passed legislation to implement a new personal tax rate of 39% for those with personal incomes above $180,000. This new rate comes into effect from 1 April 2021 (the 2021-2022 income year). What You Should Know As with any changes in tax, there are knock-on effects that you should know about. These include: New Fringe Benefit Tax rate of 63.93% for all-inclusive pay of…  Read more

If my business is making a profit, where is the cash?

Some small business owners find themselves in the difficult position of running a business that according to reports appears to be profitable, but still having no money in the bank. It’s a really important situation to address, after all, a lack of adequate cash flow is one of the main causes of small business failure. Here are some reasons profitable businesses have little money in the bank, and what business…  Read more

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