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Does your accountant look beyond the numbers?

21 May 2021 / By RightWay
As a business owner, your relationship with your accountant might be pretty transactional. And while your accountant may only be focused on completing your annual accounts and sorting your tax obligations, there are huge benefits to choosing a team who look beyond the numbers.
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Face business challenges with the right advice

21 May 2021 / By RightWay
Running your own business is tough, fraught with challenges, but hugely rewarding.
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8 questions to ask before starting a business

6 May 2021 / By RightWay
Are you thinking about starting a new business but not sure where to begin?
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A fresh Financial Year - What does this mean for your business?

Hands up all who have already invoiced all work up to 31 March and have data from the 2020-21 financial year ready for your accountant? If that inspires some virtual feet-shuffling we completely understand. We have so many customers who are busy working ‘on’ the business that they don’t have time ...
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Taking a ‘hype-free’ look at property investment policy changes

1 April 2021 / By RightWay
The Government’s announcement of its policies aimed at increasing housing affordability have triggered a vast amount of commentary and speculation. RightWay Technical Operations Manager, Callum Mitchell, discusses what the real impacts are likely to be. There has been a lot of discussion and ...
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Why the best plans succeed – or fail

25 February 2021 / By RightWay
Do you know how your business is currently performing? Do you have a good understanding of your cash flow?
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Not all business goals are financial

10 February 2021 / By RightWay
Most people who own a business, particularly SMEs, are looking for it to achieve the required level of sales, revenue, or profit for them to achieve what they want in life.
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Quoting and tendering - the effects of underquoting

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How good workflow management systems can lead to better cash flow

Cash flow and workflow are two of the major challenges facing many trade businesses. A lot of tradespeople will be familiar with working into the evening or at weekends doing the admin, or having profit but no cash to draw on because it’s sitting in stock or accounts receivable.
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Business planning for 2021 – agility is our friend

29 January 2021 / By RightWay
Shakespeare once wrote “Some are born great, some achieve greatness, and some have greatness thrust upon them”. When it comes to businesses, the same could be said regarding change. Some business owners and leaders naturally welcome and pursue innovation and change as part of everything they do; ...
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New year, clean-slate

21 January 2021 / By RightWay
It's a new year. With fresh perspective and fresh ideas, now might be the time to take a good look at your business, reflect on your performance, and look at some key areas for business improvement. By being proactive now, you will not only survive this year, but you will thrive!
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Undercharging is immoral

20 January 2021 / By RightWay
Small to medium sized business owners generally fear undercharging, more than they do overcharging. But the risks associated with undercharging are more severe and can lead to business failure over time.
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Small Business Cash Flow (Loan) Scheme (SBCS)

24 November 2020 / By RightWay
The Small Business Cash Flow (Loan) Scheme (SBCS) was introduced to support businesses and organisations struggling because of loss of actual or predicted revenue as a result of COVID-19. The Government made a few updates to the scheme which includes an extension on applying for the loan, the no ...
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The small business owner’s holiday survival guide

21 October 2020 / By RightWay
It’s nearly the end of another calendar year! There were moments when it felt shaky, really shaky, and like most we are just looking forward to seeing the back of 2020.
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10 tips for planning in uncertain times

26 August 2020 / By RightWay
Customers often reach out to us at RightWay when they come across cash flow issues. Often we recommend a review of their business plans, their business model and/or a forecast looking ahead.
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Are you up to date with the minimum wage?

10 July 2020 / By RightWay
By now, you’re likely to be aware that the adult minimum wage in New Zealand has risen to $18.90 per hour. But this took effect from 1 April 2020, and with New Zealand entering Alert Level 4 almost a week prior on 25 March 2020, there was already a lot going on for business owners to think about ...
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Do you have a plan for future changes?

23 June 2020 / By RightWay
After being COVID-19 free as a nation for 24 days, we hit a bit of a bump in the road last week with several new cases and counting. While it is in no way cause for panic or any great concern, it is however a timely reminder that we are living and working in a fragile situation that is out of our ...
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Cash is king - have you got a plan?

5 June 2020 / By RightWay
Having a plan for your cash flow is vital to ensuring your business succeeds during these uncertain times. But how do you forecast your cash when there are so many uncertainties?
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Budget 2020 - what does it mean for Kiwi business owners?

21 May 2020 / By RightWay
The 2020 budget is the next step in the Government’s fight against, and recovery from, COVID-19. It is also arguably the biggest budget we've seen in New Zealand's history. So what money has the Government set aside to go where?
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Operating in COVID-19 Alert Level 2

8 May 2020 / By RightWay
Freedom? Almost! I think we've all been eagerly awaiting the Alert Level 2 guidelines from the Government, which were officially announced Thursday May 7. We can now confirm that we will see a return to shopping, eating out, weddings, travelling in New Zealand, schools, sport, and seeing friends - ...
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