RightWay New Zealand - Blog | business planning

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?

A fresh Financial Year - What does this mean for your business?

14 April 2021 / By RightWay in partnership with Master Electricians

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 ...

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 ...

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?

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.

Quoting and tendering - the effects of underquoting

3 February 2021 / By RightWay in partnership with Master Electricians

How good workflow management systems can lead to better cash flow

3 February 2021 / By RightWay in partnership with Master Electricians

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.

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; ...

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!

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.

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.

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.

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 ...

Face business challenges with the right advice

28 May 2020 / By RightWay

Running your own business is tough, fraught with challenges (especially at the moment!), but hugely rewarding.

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?

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 - ...

5 tips for reopening your business at COVID-19 Level 3

23 April 2020 / By RightWay

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.

Clean-slate business planning

17 April 2020 / By RightWay

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, ...

Operating your business in the different COVID-19 alert levels

9 April 2020 / By RightWay

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 ...