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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