Use technology to help you manage time

18 August 2017 / By RightWay Ltd
As a business owner, you know how busy things can get. You’re involved in every part of your business and you can end up spreading yourself pretty thin.
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How to take control of your cash flow (and your life)

17 August 2017 / By RightWay
Are you concerned about business cash flow? Do you often catch yourself wondering about who has paid you, how much money is in the bank and how you’ll pay your creditors? 
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How to improve cash flow

17 August 2017 / By RightWay Ltd
Who can argue against having more cash in the bank?
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Our new eBook: 10 tips for busy business owners – A practical guide to running your small business better

3 August 2017 / By Greg Sheehan
For a busy small business owner it’s easy to find yourself constantly head down working ‘in’ the business, not ‘on’ the business. There’s never enough time to do everything you need to do. Sound familiar? We get it. Whether it’s getting caught up in mundane business tasks, grappling with cash flow, ...
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Small Business Guides - Invoice payment terms: Top seven tips

10 April 2017 / By Xero
Small business cashflow depends on prompt payment. We analysed over 12 million invoices to discover some revelations about getting paid on time. We also asked the small business community for their tips and tricks. Invoicing tips from other small businesses Just about every small business struggles ...
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Business Owner? Thinking of buying a motor vehicle, now might be the right time.

27 March 2017 / By RightWay New Zealand
Changes to FBT rules on motor vehicles mean potential new savings. Let RightWay find the best FBT option that saves you the most.
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Business succession and exit planning

26 January 2017 / By RightWay Ltd
Only 20% of all of the businesses listed for sale ever sell, and 90% of all of the people who begin the search to buy a business never complete a transaction... Many business owners expect the sale of their business to fund their retirement, with over 30% reliant on it as the primary source. You ...
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Forecast your cash flow and plan ahead

30 November 2016 / By Greg Sheehan
Cash flow is the lifeblood of a business – it keeps the businesses heart pumping. Without cash, profits are nothing.
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Avoid the tax minefield and Doctor IRD

24 November 2016 / By Greg Sheehan
As a businessperson, you want to avoid running into tax minefields and being treated for your injuries by the IRD.   The IRD classes tax offences as either absolute liability offences (maximum fine $12,000), knowledge offences (maximum fine $50,000), or evasion offences (maximum fine $50,000, and ...
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Handling annual leave is no holiday

16 November 2016 / By Greg Sheehan
When you pay tax, the effect on your business cash flow is obvious. A lump of cash goes out. The effect of annual leave, however, may be less apparent. But annual leave does affect your cash flow. For example:
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Provisional tax is straightforward yet complex

2 November 2016 / By Edwin Read
Provisional tax exists largely because governments don’t like waiting for money. When it comes to calculating your provisional tax liability, there are up to three methods you can consider. Standard: is the, well, standard option. If you don’t choose a method, it’s the one the IRD will use. IRD ...
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The pluses and minuses of GST and cashflow

25 October 2016 / By Edwin Read
Cashflow and profit are not the same thing. You need cashflow to generate a profit, but it’s possible to have good cashflow but still be in the red. This is the first in a series of blogs about cashflow, and the first cab off the rank is GST. As a rule, GST improves cashflow because you’ll ...
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When should you recruit the help of advisors?

24 September 2016 / By Sally Newcombe
Getting sound business advice from people who know their stuff (whether it’s accountants, lawyers or the bank) is crucial for any business. So when’s the best time to bring them on board? And what support do you need when? 
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5 years in the making

1 September 2016 / By Jade Kaukau
Friday marks a pretty special date for the team here at RightWay. Not only do we have more than 100 people helping us change the world one small business at a time, its also our 5th Birthday!   While we’re past the initial teething stages, like all 5-year-olds we’re still developing everyday, with o
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Spring cleaning for men

22 August 2016 / By Greg Sheehan
This one’s unashamedly for the men. I’ll explain why shortly. Guys, do you know that feeling when you’re finishing up a morning shave and splash cold water on your face, hitting the neck with cologne? That feeling of freshness and vigour is yours. The day is ahead. So where does it go from there? Le
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5 tips for running a profitable business without running yourself into the ground

18 August 2016 / By Chun M Chung
Running a small business sounds like a dream - you’re the boss and thanks to your entrepreneurial grit and innate smarts, lifelong success is surely yours.  Unfortunately the ride to riches is far from sunshine and roses. A huge 50% of small businesses in New Zealand launched in 2010 closed their ...
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Employees v.s. Contractors

16 August 2016 / By RightWay
There’s often confusion among business owners around what it means to be an employer versus using contractors to run a business. So what defines a contractor? And how is this different to an employee?   Right, so here's the basics:   What is an independent contractor?   Independent contractors are ...
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Does your business have raving fans?

11 August 2016 / By Greg Sheehan
Business is about making money. Charity is about giving it away. Don’t get those two confused. Ever noticed that often the most successful people seem to be great at doing both?
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