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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 Jon Colgan
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 Isaac Gommers
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 Celia Melville
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 Desley Grant
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 Isaac Gommers
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 Rachel Harris
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 Ltd
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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From shut-down to show-up

9 June 2020 / By Jon Colgan
The mental health impacts of COVID-19 and navigating your business through these tumultuous times. Something I have tried to avoid and push aside for the last two months, but has turned out to be inescapable – and that is talking about COVID-19 and the effect it has had on me, my bubble, and my ...
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Cash is king - have you got a plan?

5 June 2020 / By RightWay Ltd
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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Face business challenges with the right advice

28 May 2020 / By RightWay Ltd
Running your own business is tough, fraught with challenges (especially at the moment!), but hugely rewarding.
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Budget 2020 - what does it mean for Kiwi business owners?

21 May 2020 / By Celia Melville
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 Celia Melville
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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5 tips for reopening your business at COVID-19 Level 3

23 April 2020 / By Celia Melville
It's official, we're moving to COVID-19 Alert Level 3 on Tuesday April 28! We heard the collective sigh of relief from business owners across the country.
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Clean-slate business planning

17 April 2020 / By Jon Colgan
The COVID-19 pandemic has presented more challenges than we would like to mention. But it has also provided business owners with a unique opportunity that they wouldn’t have had otherwise. Stepping away from the day-to-day running of a business may seem impossible when business is running as usual, ...
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Operating your business in the different COVID-19 alert levels

9 April 2020 / By Celia Melville
As we're hitting week three of the nationwide lockdown, it's a really good time to assess where you're at with your business, and start to look at how you could operate at the different alert levels. We covered managing your cash flow during COVID-19 here, hopefully you've put in place some steps ...
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Managing your cash during COVID-19

2 April 2020 / By Celia Melville
To be feeling nervous about your business (and in general!) is not only normal, but to be expected under the current situation. Not knowing how long this lockdown will last is the hardest part of it.
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