In our last blog, we discussed the first four ideas on how you can improve your forecasting accuracy. Today, we delve into the next four.
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Forecasting is a necessary part of any business plan. However, the process of putting an accurate plan together is often misunderstood.
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It’s the end of another calendar year, let’s celebrate our successes! There were moments when it felt shaky, but you persevered. Congratulations to small businesses who’ve made it through.
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While you can articulate your goals, you don't have a complete a plan to get there, particularly around forecasting and reporting. Perhaps you're also in need of better support and information but you're not sure how to get the right help.
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Planning for the future allows you to communicate your goals and build value into your organisation. But when you're just starting your business, you're not exactly thinking about the end game.
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Success! When you're starting a business, that's all you can think about - the light at the end of the tunnel. But how are you going to get through that tunnel?
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Why is performance measurement important to the success of your business?
30 October 2018 / By
Desley Grant
It’s frustrating to know you’re capable of more, but you can’t seem to achieve it. Perhaps the lifestyle you’re working towards is slow to materialise. Whatever your motivation, the overall goal for any business owner is to be successful.
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You’ve been trying to determine the path your business should take, but it’s more difficult than you expected.
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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.
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Law change: Anti-money laundering and countering financing of terrorism
5 October 2018 / By
Inland Revenue
If you provide certain financial services as a part of doing business, you have to safeguard yourself against money laundering and financing terrorism. This might include changing how you ID customers. This law change applies to real estate agents, conveyancers, many lawyers and accountants, and ...
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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 2018. But there is some work to do before we ...
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Small business owners generally do not spend enough time on reflection. They spend a lot of time on doing the doing, fighting the fires, making the plans, managing the people, keeping the customers happy etc.
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Expense claims are an administration burden for all businesses. What should be a simple task of reimbursing employees can quickly slide into a paper-filled back-office nightmare.
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As a small business owner, you hold yourself to high standards. You probably expect yourself to know everything, achieve everything and to do it all alone. But that's often not the case, so it's important to know when you need the support and expertise of others, as well as how to get it.
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Business success is about more than finding a new customer. A more complete picture looks at your cash flow - because being paid on time and in the right amount is a critical part of your overall business health.
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Boosting your business to the next level can sometimes feel like mission impossible. Just when you think success is coming your way, it slips between your fingers. Even more frustrating is that all this hard work is starting to seep into your personal life, hurting your ever-important work/life ...
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Business health is all about your cash flow. If you don’t have a healthy cash flow, you’re not going to be able to run your business smoothly or invest in business growth.
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When you started your business, you're likely to have had ideals in mind: financial goals, lifestyle goals. You’ve probably noticed that small things often get in the way - and before you know it, your goals can seem pretty distant.
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It’s hard work, starting a business. It takes courage, commitment, and an entrepreneurial spirit. Even with all your passion, it sometimes seems like success is impossible. The truth is, you can’t know or remember everything that’s important.
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Building a business isn’t a 9 to 5 and sometimes it pushes you to your limits – and further. And ultimately you keep going because it’s so rewarding - after all, you see the success every day in the team, the profits and the influence your business extends.
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