The dangers of undercutting and racing to the bottom

19 October 2017 / By Isaac Gommers
Imagine this scenario - a potential customer calls you and asks for a quote.  They call back later claiming they have found a competitor who can do the job for 10% less.  They explain they like your vibe more and would rather have you do the job, so could you please match that price?  What do you ...
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The importance of business planning and strategy from a bankers’ perspective

16 October 2017 / By Jaron van de Waardt
'If you fail to plan, you plan to fail’ When you are a bank considering an application for lending this statement rings true. A prospective client without a business plan isn’t very attractive as it is difficult to quantify how you intend on achieving your goals and ultimately repaying the bank. 
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Nom nom nom...

11 October 2017 / By Sally Newcombe
I love working with hospo businesses. It probably has something to do with the fact that eating is one of my favourite activities. Particularly when it’s set in a cool atmosphere and washed down by a yummy vino.  But also, because most hospo business owners are in the trade because they’re so ...
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Avoid the Christmas Cash Flow Valley of Death

29 September 2017 / By Edwin Read
It's hard to believe that Spring is well and truly here and we're sliding quickly into the Christmas period! For a huge number of the businesses I work with it will be a well earned break and a time to congratulate yourselves for a job well done over 2017. But there is some work to do before we ...
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5 tips for a successful sales plan

22 September 2017 / By Stuart Wilkinson
As a small business owner, we’re sure you’ve had plenty of advice around writing a business plan, and probably a marketing plan too. But most small businesses owners we work with have never thought about, let alone attempted, writing a sales plan. Many people are afraid of putting sales forecasts ...
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Time, precious time

14 September 2017 / By RightWay
You love your trade and you thought you’d follow the Kiwi dream and be your own boss, living a care free existence. In reality though, you’re doing the same amount of hours on the tools as you were when you were working for some other bloke, but now with so many more responsibilities – paperwork, ...
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Why use a benchmarking tool?

7 September 2017 / By RightWay
By using benchmarking technology, you can track the progress of your business goals. You can also compare your own business’s financial performance with other businesses in your industry, along with identifying and measuring the most important financial goals that are going to drive your business ...
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Software that busy business owners shouldn't do without

31 August 2017 / By RightWay
When things get busy as a business owner, trustworthy support and advice isn’t just a nice-to-have, it’s a must-have. Yet for many SME owners, OPEX is already stacked, and the perception is often that business advisory services are probably a cost you can live without. Thankfully we live in an age ...
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Red carpet rolled out for accountants as demand booms

25 August 2017 / By Anuja Nadkarni
Accountants are spoilt for choice with the booming finance sector offering more bonuses and new jobs to workers. Consult Recruitment managing director Angela Cameron said accounting and finance professionals have been aware their skills were in demand and with the strong economy, they were more ...
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How a trusted sounding board can set you up for success

24 August 2017 / By RightWay
Are you a small business owner wearing every hat in the business? If so, we’re picking there are times when you don't have the guidance, support or information you need to implement an idea or strategy?   You’re not alone.
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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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