During the first Covid-19 lock down businesses were encouraged to “pivot”. The term “pivot” has become a buzzword referring to a significant business change – ranging from mild to dramatic. A pivot is usually intended to help a business recover from a tough period, or survive after experiencing new competition or other factors that make the… Read More
Continue ReadingToday is 1st October – the start to a new financial quarter. For most NZ businesses with a 31 March balance date this marks the half-way point of the financial year. Last week we ran a “Know Your Numbers” webinar and if you missed it I recommend you watch it… Read More
Continue ReadingTimes are stressful. We’ve never been through an uncertain time like this before. Business is tough for many, and crazy busy for the others. Overseas holidays, weddings, birthdays, and important celebrations have been postponed or cancelled. We can’t water the garden, nor hose down the car. Last Friday I missed… Read More
Continue ReadingThe Covid pandemic has disrupted our lives and our businesses. It’s doubtful that our lives will go back to the way they were before Covid. Our thinking about health and hygiene, social interactions, technology, travel, work, and recreation has changed. It’s possible that our thinking about our business has changed… Read More
Continue ReadingBeing consistent in business builds trust and improves efficiency. Consistency is important, especially in challenging times when people want certainty and reassurance. Your Plan – follow it consistently Your business plan will define your purpose, vision, goals and strategies to achieve those goals. Changing circumstances may force a rethink… Read More
Continue ReadingIn recent blogs I’ve stressed the importance of business planning, and that cash is the oxygen of business and necessary for business survival. But first you must know your numbers. In real time. Your cashflow forecast will drive your short term business plan. To improve cashflow or profitability: Review all… Read More
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