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 […]
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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? […]
Strategic business partnerships: the benefits of working together
Strategic business partnerships are all about finding the common ground. If you share the same customer audience and create a complementary way of meeting their needs, you can significantly expand your target market. Your business may compete head-to-head with a number of other companies, but this doesn’t mean you have to treat ALL other businesses […]
What’s more important, Cashflow or Profit?
Cashflow and profit are two of the most important financial metrics for any business. But while they’re both related to the financial performance of a company, they measure different things. Knowing the difference – and how cash and profit contribute to your business is key if you want your business to have the best possible […]
The stress of doing business
Small business owners and self-employed Kiwis create companies for all sorts of reasons. Being their own boss or chasing long-held dreams are a way of fueling their passion. But for many, the realities of running a business can often mean losing sight of why they’re in it – especially during a period dominated so heavily […]
Working from home – Home Office Health and Safety
“Hey, I’m only handling paperwork in my office, not using dangerous plant and equipment”. “I’m a sole operator, I don’t have any staff”. “I work from my own home, it’s my place so I can do what I like”. Any of this sound familiar? Well, the answer is that you should still have a health […]