If 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
Continue ReadingRecently Spark announced a complete restructure of their business by transitioning to an “Agile” way of working. The Agile method creates small units whose team members come from a variety of traditional business functional areas to work together on projects. For example, each project team would have someone from operations, marketing, sales, finance, IT, etc. Each team has projects that they work on together, often with tight and finite time frames for delivery. This is a bold initiative aimed at speeding up a large business, making it structurally less hierarchical and more dynamic. Really, Spark is trying to operate more like a small business! Read More
Continue ReadingWe understand the importance of planning – planning our business, planning our week, planning our day. Best practice for planning the week ahead is Sunday evening – but Friday afternoon, or Monday early morning (before you get hijacked!) also work for some. Your weekly plan should consider personal commitments as well as your “One Page” business plan and 90-day goals – what actions you will take this week to get closer to your goals? How can you effectively plan your week for success? Read More
Continue ReadingBusiness owners are usually extremely busy with day to day running of their businesses and their business planning. Many strive for revenue and profitability growth, while others are challenged just fulfilling existing demand. But one thing they often have in common is a failure to build sufficient passive assets outside… Read More
Continue ReadingHave you ever looked at financial statements and seen a big profit, yet you are struggling to pay the bills? This is because profit and cash are not the same thing. Without cash your business will not survive. Cash is the life blood of any business… without cash your business… Read More
Continue Reading