Both IQ (relative intelligence), and EQ (emotional intelligence) are important for business success, but so is FQ (financial intelligence). Q2 Ltd define FQ as “knowing, understanding, and acting on your numbers”. The following are 10 reasons why business owners need Financial Intelligence: Garbage in, garbage out – just pushing a… Read More
Continue ReadingSMEs offer different products and services, but usually face similar challenges. Q2’s “how to succeed in business” strategies apply to all SMEs, regardless of size, industry, or life cycle stage. 1. A Business Plan Q2 encourage all businesses to have a “one page” business plan that covers purpose, vision, what… Read More
Continue ReadingFor most small businesses, administration is a necessary evil and can devour a significant portion of each business day. It is non- revenue generating and costly, once the time spent on administration functions is quantified. Using technology effectively is one way to reduce administration time and cost. Payroll is an… Read More
Continue ReadingOn the twelfth day of Christmas, My Q2 sent to me, Twelve-monthly newsletters, Eleven great business tips, Ten valuable workshops, Nine various tax returns, Eight huge tax credits, Seven awesome touch points, Six GST refunds, Five reasons to love, Four… Read More
Continue ReadingIf you are trading as a company you will already have a NZBN as all companies get a NZBN when incorporated (go to https://companies-register.companiesoffice.govt.nz/ and type in your company name to check the NZBN). But other trading entities such as sole traders, trusts and partnerships can apply for one… Read More
Continue ReadingUnless you are a retailer or in hospitality the Christmas period is often cashflow negative. Not only do many Kiwi businesses shut down for 3-4 weeks thereby losing sales for that period, most business have the triple whammy of holiday pay/STAT days payable, as well as GST and provisional tax… Read More
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