Next month we are offering a workshop to give Tairawhiti small business owners some guidance and tools for building a flourishing business. This complimentary session will provide you with a road map for creating sustainable growth as well as some great examples of businesses using these techniques today. A Clear Pathway to Success We have established a clear pathway to success which we will be sharing with participants in this… Read more
A Key Performance Indicator (KPI) is a measurable value (metric) that demonstrates how effectively a business is achieving its key objectives. Businesses use KPIs at multiple levels to evaluate their success at reaching targets. High-level KPIs may focus on the overall performance of the business, while low-level KPIs may focus on processes in specific departments such as sales, marketing, HR, support and others. But before we get into using KPIs… Read more
-As published by Accounting Today Xero has fast-tracked the release of two new features on its online accounting platform to help COVID-affected businesses stay on top of cash flow and their business health. As businesses across New Zealand seek relief from government loans and otherwise, accountants and accounting tools remain of paramount importance in getting them through this crisis. Xero has been working on expanded reporting tools, and accelerated the… Read more
This is a stressful time for us all and particularly every business owner throughout New Zealand most of whom have no or very low sales coming in, still have overheads going out and no certainty as to how long this will last nor what will happen after the lockdown period ends. As your trusted business advisor, we are offering free webinars to help you through this period and put a… Read more
You know what you want from your business; it’s time to plan how to get it. Start by deciding what you want personally from your business. For example, if you need $100,000 a year to cover your living costs and a family holiday, and your overheads are $100,000, then your profit from your business needs to be $200,000. If your current profit margin on your sales income is 50%, then… Read more
Defining exactly where you are now is crucial to building a better business. This step is often overlooked, but you must know your starting point to create the best road to success. It sounds so obvious, but many business owners plan for the future without knowing where they are now. Answer the following questions honestly to help define where you are now (warts and all): 1. How aligned are the owners and… Read more
Its amazing what we, as humans, don’t even know that we don’t know. Being open to change and new learning is a crucial step to building a better business. New learning opportunities are everywhere, and in this digital world, there’s simply no excuse not to learn. Consider how many new things a five-year-old learns each day. Children enthusiastically embrace the world of possibility and the desire to learn.… Read more
What does a better business look like to you? Before you can start building a better business, you need to define success. Be clear on exactly what you want from your business. Remember, your business is there to serve you, not the other way around. Life is too short to be stuck doing things we don’t enjoy. The average person spends 40,000 hours at work over their lifetime. Make the… Read more