How healthy is your working capital?
February 24, 2020
We all know that cash is king when it comes to business success, but what exactly is ‘working capital’ and how does this financial metric help measure the health of your business?
Working capital is made up of the cash and assets that are available in the business to fun...
Competitor Analysis - know what you're up against
February 13, 2020
Knowing who your competitors are is a key piece of business intelligence, helping you understand your market and the core threats and opportunities in your sector.Competitor analysis is the process of identifying, researching and gauging the threat posed by your competitors ...
Christmas holiday breaks are a time to spend with family, friends & have a chance to recharge for the year ahead. We look forward to warmer weather and finally setting up an out-of-office email for the break. However, for business owners, this time can be stressful without c...
What's in the forecast?
October 23, 2019
When we set out on a fishing trip or hike, we always check the weather forecast.It’s no different in business. The forecast tells us if there’s bad weather (poor cashflow) in store based on the direction we’re heading.Your forecast will tell you:Whether you have enough...
Are you playing in the growth game?
October 23, 2019
What’s your business growth looking like and where were you 12 months ago compared to today?If you haven’t given it much thought it is probably because you’re always stuck in the day-to-day operations. But it is worth spending some dedicated time to do some reflecting ...
Understanding Your Balance Sheet
October 23, 2019
To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the Statement ...
Choosing a new business bank account?
October 8, 2019
A business bank account is an essential requirement for any business. But with so many banking providers out there, how do you know which business account to choose?The key is to know what you require from a bank account, and to choose a bank that understands the banking, fi...
Provisional Tax explained
October 8, 2019
If you are employed, your employer deducts income tax from your regular pay and pays it to the IRD.But if you get your income from other sources such as self-employment, rental income or shareholder income, then you need to pay your income tax to the IRD in other ways.Genera...
Building a Better Business in 10 Steps
August 23, 2019
You’re in business, congratulations, that takes courage and commitment.It’s not easy, and at times you might find yourself questioning why you’re even doing it, but you’re here because you had a vision. You decided being in business was a better way to achieve that v...
5 key things to get right when starting a business
July 26, 2019
Starting your own business is a BIG leap of faith. Will you find any customers? Will you make enough income? These are questions that any founder will ask themselves.
But with the right planning, preparation and support, you can set the best possible foundations for your new...
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