Money

RSS Feed
18-Oct-2018

Read more

Accurate Inventory Forecasting, No Crystal Ball Needed

Anticipating future demand is a tough job, wrought with ways you might go wrong. Proper demand forecasting and inventory control can save a company from buying too much or too little of something, which of course avoids expensive overstock scenarios or stockouts.

18-Oct-2018

Read more

Aussie businesses get over $3.5m to launch their innovative idea into global markets

Offers for grants worth over $3.5 million will support 7 businesses to help launch their innovative products, processes and services into domestic and international markets.

The funding has been provided from the Accelerating Commercialisation element of the Entrepreneurs’ Programme.

18-Oct-2018

Read more

Creating a business without debtors

There’s literally hundreds of blog posts giving you the 7-10 steps to reduce debtors and improve cashflow. Yet the debtors problem still exists to some extent in the majority of small and medium size enterprises (SMEs) globally.

18-Oct-2018

Read more

Debt Collection: The Whys & When

Too often businesses leave collecting debts at the bottom of the pile. Why? Often there is anxiety and worry around the process, or lack of trust in collection agencies. Sometimes lack of time and understanding of the process.

18-Oct-2018

Read more

If You Don’t Got the Time, You Don’t Got the Money

Clichés. Can’t live with them, can’t live without them. (See what just happened there—it’s that bad).

The most widespread, just-waiting-to-pop-out-at-you, cliché is a very short one, measuring just three words—time is money.

03-Oct-2018

Read more

Tax deductions for small business owners

Tax time is fast approaching—it’s important to do your homework and know exactly what tax deductions you can claim.

29-Jul-2018 Vend

Read more

How to Double Your Retail Sales: Lessons from the Gift Shop Poopsie’s

Meet Alana Turner, the co-owner of Poopsie’s, a quirky gift shop in Galena, IL. When Alana and her co-owner took over the business in 2010, they had about 5 employees.

29-Jul-2018 GoRoster

Read more

Is Revenue A True Predictor Of Success?

“Success.” Typically defined as: ‘the accomplishment of an aim or purpose.’ Success means a lot of different things to different people. Success may mean wealth, or it may mean happiness.

29-Jul-2018 Float

Read more

Ready, Set, Grow: A Guide to Funding Business Growth

Almost every small business struggles through ups and downs on their journey to funding business growth.

26-Jul-2018 Debtor Daddy

Read more

When to engage a debt collection agency

At Debtor Daddy, we’re firm advocates for giving customers reasonable time to settle their debts. Go in too hard, too soon and you’ll burn your relationships; leave it too late and you’ll waste a disproportionate amount time and money trying to collect what’s due. So when is the right time to engage a third party debt collection agency?

28-Jun-2018 Employment Hero

Read more

Dream big: Making it easier to reach your financial goals

Over 2,000 years ago, Aristotle said “ First, have a definite, clear and practical ideal; a goal, an objective. Second, have the necessary means to achieve your ends: wisdom, money, materials and methods. Third, adjust all your means to that end.”

29-May-2018 Float

Read more

How to Refinance Your Business Debt

Many firms will decide to take on debt at some point, at different stages of growth and for several reasons.

28-May-2018 Money Smart

Read more

Tricks used in Scams

Scammers use clever tricks to reel you in and get you to reply to their email or not hang up the phone. Most scams seem like genuine offers but they are carefully designed to trick you into giving away your money or your personal details.

27-May-2018 Float

Read more

How to Avoid Cash Flow Problems

Cash flow can be hard to get to grips with for any business; whether you’re growing, just starting out, or established. In fact, 82% of businesses become insolvent because of bad cash flow.

26-Apr-2018 Float

Read more

Best and Worst Businesses for Cash Flow

No matter how inventive or simple your business model is, you can still have problems with cash flow. Here is a rundown of the best and worst businesses for cash flow.

24-Apr-2018 Unleashed

Read more

5 Essential Business Costs Not to Skimp On

If you are a startup owner or entrepreneur, it is no secret that you may be working within a tight budget. The ability to make pennies stretch is an important survival skill.

21-Jan-2018 Float

Read more

Financial Mistakes To Avoid In Your First Business

After spending months thinking about it, you finally decided to quit your 9-5 job and start your very first business. You think that this will be a win-win situation for you because you get to do what you love and be your own boss.

21-Jan-2018 Float

Read more

How To Prepare Your Business For The Next Recession

There has been a lot of chatter in the media recently that another economic downturn might be around the corner. As The Wow Company found in their recent “How recession-proof is your business” survey, a surprisingly high number of UK-based businesses are not prepared for the next recession.

17-Jan-2018 Unleashed

Read more

Is Peer to Peer Lending the Best Funding Option for Your Business?

Over the last five years, peer to peer lending has become a popular alternative to traditional bank lending for individuals.

19-Dec-2017 Unleashed

Read more

5 Retail Store Design Upgrades That Won’t Break the Bank

Take a moment to put yourself in your target customer’s shoes. Now, pretend you’re someone who’s walking into your store for the first time.

19-Dec-2017 ASIC

Read more

Virtual Currencies: Bitcoin and other Virtual Currencies

Many virtual currencies, such as Bitcoin have emerged over the last 10 years but just how safe are they? We explain how virtual currencies work and the risks you take buying, trading or investing in them.

19-Dec-2017 Unleashed

Read more

6 Factors You Need to Know When Considering a New Supplier

The best suppliers will provide the most suitable goods or services at the right prices and within the right time frames for your business needs. Below we give you six factors you need to know when considering a new supplier.

18-Dec-2017 Unleashed

Read more

Happy Customers, Thriving Company: The Role of Inventory Management

If there were no customers, there would be no business. And with no business, there is no income. So, it would be safe to summarise that customers should be the point of business, would it not?

27-Nov-2017 Debtor Daddy

Read more

Late payment reduces small business confidence to grow

Three quarters of small and medium sized UK builders say that late payment has directly hampered their business growth according to a recent Federation of Master Builders survey.

26-Nov-2017 Vend

Read more

5 Types of Sales Promotions in Retail (and How to Implement Them)

Promotions are almost always part of a retailer’s sales and marketing mix, and for good reason — they can drive sales and help you move inventory.

26-Nov-2017 Unleashed

Read more

Lean manufacturing and the coffee roast

The coffee category of the hot beverage industry is thriving, with the number of coffee drinkers growing each year. Cafes and coffee vans are everywhere, meeting our seemingly unstoppable need for a regular caffeine fix.

26-Nov-2017 Float

Read more

Tackling your cashflow challenges this Christmas

Most of us look forward to Christmas as a time for fun, festivities and spending time with the family. If you’re a small business owner though, it’s not always the carefree holiday you might hope for.

22-Nov-2017 Unleashed

Read more

How Small Businesses Can Use Peer-to-Peer Lending

A new trend is rising, changing the way people can are securing financial needs. This new trend gives both individuals and businesses an alternative source of financing.

29-Oct-2017 SimPRO

Read more

Why Creating Income Streams Will Make You More Profitable

Every day, business owners work hard to increase their profit. But far too often, they lack a clear strategy and practical plan to make that happen. Your Profit & Loss Budget should be a direct reflection of your Strategy and Plan.

27-Oct-2017 Unleashed

Read more

Dealing with Seasonal Inventory

Inventory forecasting is critical for the smooth operation of any stock-based business. Managing demand can be tricky, however, if a large part of your inventory is subject to seasonal demand.

28-Sep-2017 Vend

Read more

5 Subtle Signs That Your Retail Store Is in Trouble (and What to Do About Them)

Have you ever heard about the parable of the boiling frog?

28-Sep-2017 Unleashed

Read more

Should Your Business Give Trade Discounts?

Many businesses use trade discounts to simplify variable pricing, protect a market recognised price point, stimulate sales or reward customer loyalty.

28-Sep-2017 SimpRO

Read more

Why profit isn’t the problem and cashflow is king

What is cashflow management? In its simplest form, cashflow management is doing everything possible to ensure that money flows into your business as quickly as possible, and leaves the business as slowly as possible.

27-Sep-2017 Float

Read more

3 Forecasts Your Business Needs To Succeed

Forecasting is the process of estimating the effects trends, costs and external factors will have on your business in order to give yourself time to prepare.

25-Sep-2017 Float

Read more

9 Expert Tips To Instantly Improve Your Business’ Cash Flow

There are many reasons why you may want to improve cash flow in your business. Maybe you’re looking to free up some cash to put towards growth, or maybe you’d like to build up your cash cushion to protect yourself from any bumps in the road.

30-Aug-2017 Unleashed

Read more

Common Inventory Management Mistakes: A Closer Look

Inventory management can be overwhelming. There can be an incredibly large amount of tangible inventory, which can translate to a huge amount of responsibility and pressure to manage this inventory properly.

29-Aug-2017 Unleashed

Read more

Penny pinching? Here are some ways to reduce costs

With global recessions, increasing oil prices and increasing competition, saving money wherever possible and thereby maximising profits is the name of the game.

29-Aug-2017 Unleashed

Read more

Should Your Business Consider Discount Pricing?

Choosing a pricing strategy is a difficult decision, but one that every business needs to make. Pricing strategy affects most aspects of a business, including its revenue, market share and profitability.

28-Aug-2017 Neto

Read more

6 warning signs that your business is outgrowing your ecommerce platform

There are many factors to consider when you’re selecting an ecommerce platform, and when you first start selling online, it can be hard to find one that’s the right match.

29-Jul-2017 Employment Hero

Read more

4 employee wellness ideas that your employees will love but don’t cost a fortune

The thing is, employee wellbeing and happiness isn’t just about nap rooms, onsite massages, and cafeterias serving healthy food and snacks (though that would be nice!)

29-Jul-2017 Vend

Read more

6 Retail Books You Need to Read

Helpful and informative retail books abound everywhere you look these days.

29-Jul-2017 Neto

Read more

6 Tools Businesses Need to Get Their Finances in Shape

You need to keep track of transactions for the tax office, lenders, but most importantly for yourself, as a business owner.

29-Jul-2017 SimPro

Read more

How to ensure your jobs are profitable

If you’re in business, making decent money is important. Sometimes, though, it doesn’t always work out the way you’d planned...

27-Jul-2017 Unleashed

Read more

Accurate Inventory Costing: Why It’s Critical for Success

Even if a business has some other, high value, assets such as factory plant, inventory is likely to essential to the business’ ability to trade profitably.

26-Jun-2017 GoRoster

Read more

Common mistakes made when calculating payroll costs

Knowing what your payroll costs are – daily, weekly, monthly and yearly – is an important part of running a successful business.

26-Jun-2017 Vend

Read more

How to Upsell and Cross-Sell in Retail: 6 Pointers to Implement in your Store

Picture this: You’ve just about closed a sale, and the shopper made up their mind to buy a product. What do you do?

26-Jun-2017 Neto

Read more

REDEFINING YOUR POINT OF SALE WITH A MODERN POS PLATFORM

It doesn’t matter how large or small your store is, or how many of them you’ve got—if you’ve got a point of sale (POS), you’ll see big benefits in switching from a simple cash register to a full-featured, cloud-based POS platform.

26-Jun-2017 Neto

Read more

THE SIMPLE WAY FOR CUSTOMERS TO BUY NOW AND PAY LATER

When a visitor spends time browsing your online store or bricks-and-mortar outlet, they’re looking for something. And when they find it, they’ll be tempted to buy it.

26-Jun-2017 Vend

Read more

Three Lessons Retailers Can Learn from Craft Brands

Retailers have historically dominated the commerce landscape. Several years ago, industry trends and top products were set by the stores selling them.

26-Jun-2017 Unleashed

Read more

Why Accurate Costing is Vital for Success

Inaccurate information about your company’s expenditure can greatly inhibit your capacity to make and maintain a successful business.

18-Apr-2017

Read more

Watching China in 2017

China-watching is mandatory for many people in business.

The world’s most-populous nation looms large on the global stage in politics, commerce and sport. Its 300 million aspiring middle class citizens – still a small part of the total population - are increasingly sophisticated in their consumer activities, travelling a lot more and further, and pursuing business interests on all continents and the South Pacific region.

16-Apr-2017

Read more

The Elephant in the Warehouse – Inventory Carrying Costs

It’s time to address a subject that a lot of companies fail to notice or incorporate into their business planning – the costs of carrying inventory. Inventory costs money to purchase, this much is a given; however the cost of the inventory goes far beyond that. Typically, (if accurate values are not calculated on a case-by-case basis) the total carrying costs of a product are 25% of its value and composed of capital costs (15%), storage costs (2%), servicing and handling costs (2%) and the cost of risk (6%). Let us look at these different components of inventory carrying costs more closely.

06-Apr-2017

Read more

How excessive percentage-based fees can warp risk and return

Investing is all about risk and return: get the balance right and be handsomely rewarded.

The structure of percentage-based fees often tips those scales in favour of investment platforms and fund managers. Once their asset base grows large enough to cover operating costs, natural market growth and guaranteed inflows create enormous profits, no matter what the outcome for investors.

13-Mar-2017

Read more

3 Ways Forecasting Will Help You Navigate Business Loan Rates

When considering a business loan, most people will evaluate affordability based on the advertised interest rates. But the truth is that if you compare only the interest rates, you could waste money, or end up with a deal that isn’t the best fit.

13-Mar-2017

Read more

Craft Beer and the Race for Hops

The craft beer revolution has sparked a unique production for breweries both small and large. Beer drinkers everywhere are seeing an emergence of eccentric flavors and quirky names fill the taps at their local pub. Not only are beer drinkers seeing this emergence, they are demanding it and as a result craft beer has become increasingly popular over the past few years. This popularity has sculpted the way breweries are operating. Craft beer may be infused with peculiar hues, notes and suggestions of ingredients we never would have thought to be vaguely compatible with beer, yet a few staples remain intact in the beer brewing process.

07-Mar-2017

Read more

Want an extra $18k or $200k in the bank? Your accountant can help.

This is the second article in a series of posts about RADAR, a new debtor analysis and cash flow advisory tool for accountants from Debtor Daddy. This article focuses on two pieces of information available in RADAR, Debtor Days and Cash per Day.

22-Feb-2017 DebtorDaddy

Read more

Getting out of the cashflow trap for good: The first step is to admit your clients have a problem (with debtors)

This is the first article in a series of posts about Debtor Radar, a new debtor analysis and cash flow advisory tool for accountants from Debtor Daddy. If you’re an accountant you’ll be able to learn more here.

Our goal with Debtor Radar is simple: Help more small businesses solve the cash flow troubles caused by debtors.

12-Feb-2017

Read more

Get big wins by customising your financial literacy program

If you’ve just appointed your first fresh-faced Gen Zeds to your staff (anyone who’s just out of school and are aged 15-19), you could have up to five different generations to manage at work. In fact, these days, it’s not at all uncommon to have a wide range of generational diversity.

09-Feb-2017

Read more

Four great ways to absolutely, definitely get your overdue invoices paid

It’s often how you say something that determines whether you get the result you want. This applies in financial services, marketing and even tax collecting.

In one experiment by the Nudge Unit they improved the payment of vehicle taxes by using simple plain language, “pay your tax or lose your car”. In fact HM Revenue & Customs attributes the recovery of an extra £210 million a year from taxpayers by using behavioural insights in its letters i.e. changing the words to influence behaviour.

09-Feb-2017

Read more

How to write a Kick-Ass overdue invoice letter

We’ve all been there before. You’ve called about those overdue invoices once, maybe twice, maybe three times, and payment still hasn’t been made.

What to do next? Throw up your hands in despair? Give up on it as a lost cause? No way, Jack. Not in this economy.

16-Nov-2016 float

Read more

What is Peer-2-Peer Lending and How Can It Help Your Business?

Peer-2-peer lending is a form of debt financing that allows businesses to borrow money without going through traditional lending routes such as a bank. P2P lending platforms connect individuals looking to lend their money with businesses looking to borrow.

26-Oct-2016 simPRO

Read more

Why creating a profit and loss budget is critical for success

One of the most overlooked and under-practiced habits in today’s businesses is creating annual profit and loss budgets. But why is this so critical for your business?

With a profit and loss budget, you’ve considered and developed an understanding of the key areas in your business that really make your profit and loss come to life.

21-Oct-2016 GeoOp

Read more

9 ways to squeeze more profit out of every business day

It’s the Holy Grail of business: increasing the number of profitable hours in a day. Short of asking staff to do more overtime or take shorter breaks, how do owners and managers coax more revenue-raising activities out of every employee and every subcontractor on every shift? And how do they become more effective at making decisions that will boost business efficiency every week?

17-Oct-2016 Xero

Read more

Avoiding the cashflow surprises that could kill your business

We all know that cash flow is king. But just how much sway does it have? Well, you might want to ask the nine out of 10 small businesses that have failed because of cash flow problems. That’s, right, according to D&B, 90% of small businesses close their doors because of poor cash flow management.

12-Oct-2016 Debtor Daddy

Read more

2 minute tutorial: The difference between cash and profit

If there’s one phrase found on the lips of finance-conscious small business owners more often than any other, it’s surely this old chestnut: “Cash flow is king”.

But how often does the average small business owner actually walk the talk of ‘cash is king’? Could it be that the simple distinction between ‘cash’ and ‘profit’ is actually unclear for many SMBs? And just what is the difference?

29-Sep-2016 Employment Hero

Read more

5 Top Tips for Getting the Most out of a Mortgage Broker

These days, using a mortgage broker certainly makes sense if you want some expert help in whittling down the huge number of loan options out there.
You’ll certainly save a lot of time and legwork, but to make the most of a broker’s services, it’s critical that you share your financial goals with them so they can actually show you the best loans to help you achieve your financial goals.

27-Sep-2016 Xero

Read more

Track small business cashflow without spreadsheets

If you track income and expenses on a spreadsheet, you could be losing sight of how your business is performing and wasting a lot of time on data entry. There are low-cost alternatives that allow you to monitor business cashflow really simply.

25-Sep-2016 simPRO

Read more

Manage a cash gap in your business

One of the tougher challenges for many trade businesses today in terms of finance is what’s commonly referred to as a cash gap.

A cash gap is a lag which occurs between income and cost of goods sold (COGS); that is, cash inflows and outflows. Businesses that suffer from a cash gap may be profitable on paper, but have cash flow problems because they have to pay their suppliers (COGS) much earlier than they receive money from their clients (income).

27-Aug-2016 Float

Read more

How to Approach Your Bank for Funding

Applying for funding from a bank can be daunting. It’s a lengthy process which involves jumping through hoop after hoop with no guarantee of success.

But it doesn’t have to be that way, follow our guide to ensure you go into the loan process with the correct information and watch your chances of approval soar.

27-Aug-2016 WorkflowMax

Read more

Hit a Profit Plateau? 8 Breakout Ideas for Small Businesses

Starting your own business can feel like scaling Mt Kilimanjaro. You dig your feet in, climb, and pray for the best. It’s an exciting, chaotic, and hope-filled journey… But what happens when you reach the top of the mountain? Is there anywhere to go but downhill?

Unfortunately many small businesses grind to a halt - or even start to decline - after climbing their first mountain. This is known as the small business profit plateau. Your company is finally up and running smoothly, but its exponential growth suddenly stops. Your profits start to flatline. It feels like your team is working twice as hard just to maintain the same ROI.

18-Aug-2016 Xero

Read more

5 things you should consider when choosing a bank for your business

Choosing a bank is one of the most important decisions when starting a small business.

It’s as important as choosing where you’ll set up a brick-and-mortar store, developing a business strategy or deciding who you’ll partner with.

Choosing a bank should be the start of a long and fruitful business relationship.

16-Aug-2016 business.gov.au

Read more

7 step checklist for your business this new financial year

It’s the beginning of the new financial year which means it’s time to review, reset and plan for the year ahead.

Here are 7 steps to help your business start the new financial year out right.

01-Aug-2016 Xero

Read more

Get paid faster with these 6 invoice tips

No one likes late payments from their customers. Late payments have a negative effect on cash flow. Chasing customers for payment takes valuable time. Prevention is better than cure when it comes to getting your invoices paid on time. Here are some tips to make your invoices highly likely to get paid quickly.

01-Aug-2016 Debtor Daddy

Read more

Multinationals’ payment terms unfair say critics, as suppliers’ settlement dates push out to 120 days

Some Kiwi milk producers have to wait almost four months for payment from dairy giant Fonterra, as the milk giant aligns with “international best practice” and pushes its terms of payment out to up to four months.

31-Jul-2016 Float

Read more

6 Business Villains and their Evil Ways

In light of the Philip Green pension scandal at BHS, we thought we’d take the opportunity to educate you on some of the most notorious business villains.

From revealing industry secrets to mistresses to throwing lavish parties funded by fraudulent loans, these anti heroes have committed some of most lucrative and luxurious (and rash) crimes ever recorded.

30-Jul-2016 TaxJar

Read more

New Payment Technologies: What’s Coming Next After Chip Cards?

Most people now have EMV chip cards. Which is great, because their adoption marks an important step toward reducing credit card fraud in the United States. Magnetic-stripe cards are old (like 40+ years old). Their extremely outdated technology makes them particularly susceptible to counterfeiting, so it’s high time to sunset them. Chip cards, on the other hand, have more sophisticated security features to help catch fraudulent activity.

27-Jul-2016 Float

Read more

Alternative Finance Options for Business

Since the recession in 2008, there have been many complaints that the banks aren’t lending to SMEs. As a result businesses are increasingly seeking out alternative finance routes to access funding.

27-Jul-2016 Debtor Daddy

Read more

Avoiding the awkward: How to talk to your customers about debt payment

From freelancers to fencers, techies to electricians, if you issue invoices as part of your day-to-day business, you will have experienced the frustration of not having those invoices paid on time.

And the part that really blows? The cringing follow-up phone call where you try to coax payment out of the client while not damaging your relationship.

27-Jul-2016 Debtor Daddy

Read more

It’s not me, it’s you: How (and when) to fire a bad customer

Some customers are simply not worth having – they cost you more than the revenue they bring in. They consume a disproportionate share of time and money, and create stress by paying late. They disrespect your people, complain often, and expect the earth, yesterday, and all at a rock-bottom price.

27-Jul-2016 Xero

Read more

Top 7 tips to save on business travel

If you are a small business in New Zealand there’s a good chance that you travel for business. In fact, it’s quite possible that you travel a lot (on average kiwi businesses book at least 30 trips per year). But how do you make sure that you’re getting real value for your travel spend and how do you make your travel budget go further?

27-Jul-2016 Debtor Daddy

Read more

Where’s my money, man? The real reason your debtors pay their invoices late

If you go by the statistics, it’s a stunningly common problem: 115 million small businesses worldwide say they are struggling with the complexity and stress of managing delayed receivables.

26-Jul-2016 Business.gov.au

Read more

New incentives to boost investment in start-ups

Do you want to invest in a start-up? Or maybe you have an innovative idea that you need funding for?

Two new tax incentives designed to make investing in Australian start-ups more attractive started on 1 July 2016.

26-Jun-2016 WorkflowMax

Read more

Are You Really Charging What You’re Worth? Here's How To Avoid Underselling Your Services

“The cheapest trainer in the world is too expensive if the client isn’t yet sold on your value” – Jon Goodman, Ignite the Fire.

26-Jun-2016 Float

Read more

5 Most Common Reasons Businesses Seek Funding

60% of SME businesses (defined as businesses with between 0 and 249 employees) sought some form of external funding in the last three years, says a British Business Bank Survey published in February 2016. Businesses need finance for a variety of different purposes, but there are some common reasons why businesses apply for funding. This can include loans for working capital, to buy machinery, to hire more staff, or even re-finance existing loans to reduce monthly costs. Read on to discover the 5 most common reasons that most businesses apply for finance.

26-Jun-2016 Xero

Read more

The top 3 legal services you may need and what you should pay for them

Whatever your sector, there is one rule of thumb which could save you some serious money when instructing a lawyer. This insight may not sound revolutionary, it may not sound groundbreaking, but your wallet will thank you.

26-Jun-2016 Xero

Read more

What could Brexit mean for my small business?

Are you considering what the legal implications might be for your business if Britain does vote to leave?

Several areas we see businesses concerned with are adjusting business contacts, managing your workforce, and intellectual property rights.

It’s important to realise though that changes will not happen immediately. There will be a period of time when the United Kingdom can negotiate its future relationship with the European Union (EU). The process is regulated by law by Article 50 of the Lisbon Treaty.

25-Jun-2016 Xero

Read more

5 ways to speed up your invoicing

Do you spend a lot of time entering invoices? At Xero, they're committed to helping you shave hours off your invoicing workflow. Here’s a grab-bag of ways you can use Xero to speed up your invoicing. Some ways might not suit you, it’s a case of picking the ones that make sense for your business.

29-May-2016 Vend

Read more

How to Prevent and Handle Shoplifting in Your Retail Store

It goes without saying that shoplifting is a major problem in retail. A 2014 study by the National Retail Federation found that shoplifting accounts for 38% of shrinkage, and was costing retailers $32 billion a year. That’s a huge chunk of revenue. To help you keep the income you deserve, we’ve put together some tips for preventing and dealing with shoplifting.

29-May-2016 Xero

Read more

The 3 worst days you’ll face as a business owner and how to deal with them

As a small business owner, you’re going to have good days and bad days. Some days will be worse than others.

Part of coping with the darker days that come with managing your own operation is being primed and ready to handle them when they arrive.

This involves building a network of advisors around you, hiring the right team and implementing the right technology so you have all the resources to push through and come out the other side with a healthy and stable business.

29-May-2016 SimPRO

Read more

Why do I need a business plan?

Do you want to expand your business, be more competitive in your industry and achieve certain goals?

If you answered yes to any of the above, you need a business plan!

Whether you’ve just started out or you’ve been running your business for years, business planning can be the key to your success.

We’ve laid out three key reasons why you need to get started on your business plan today.

29-May-2016 Xero

Read more

Facts about how important small businesses are to the AU economy

During the 2015 federal budget, the Australian Government labelled small businesses as the ‘engine room of the Australian economy’ – driving growth and creating jobs.

A year on, the federal government solidified that moniker. They handed further tax cuts to small business owners and increased the revenue threshold to include a further 60,000 businesses not previously eligible for lower taxes and asset deductions.

29-May-2016 Business.govt.nz

Read more

ACC: Take the pain out of levy day

Every year you pay levies to ACC to cover injuries suffered in and out of work — and vehicle regos help cover injuries suffered in road accidents.

29-May-2016 Xero

Read more

What the 2016 NZ Budget means for small businesses

The eighth budget from Minister of Finance, Bill English, was another “steady as she goes” affair, with many of the major policies being announced in the run-up to the actual Budget release.

29-May-2016 Business.govt.nz

Read more

4 Steps to get your growth moving

Helping New Zealand’s small businesses grow would benefit our economy — but many lack the time, confidence or both to set their sights higher.

29-May-2016 Float

Read more

Late Payment of Invoices is Crushing Small Businesses. Who Are the Culprits?

You may be surprised to learn that the worst culprits for consistent late payment are not actually the massive corporate juggernauts or the mini mom-and-pop businesses out there… the latest payers are actually high street retailers.

25-Apr-2016 simPRO

Read more

Avoid these 4 estimating errors to improve your profitability

The profitability of any job undertaken by a field services business can vary significantly from expectations at the time the estimate for that job was created. Removing this variability and delivering consistent profits should be the goal of every business owner.

25-Apr-2016 Float

Read more

How Receipt Bank Will Make Your Business More Productive

Hands up if you recognise the process of; receiving an invoice, getting it to your bookkeeper, making sure it’s entered into your accounts, filing the invoice and then storing it for several years…

25-Apr-2016 WorkflowMax

Read more

How to change your pricing without destroying your client relationship

It’s that time of the year again – the time when you’re looking over your books and seeing what worked and didn’t work. You’re thinking about goals for the year ahead and wondering how you can improve profit in your company. And one simple solution is staring you in the face: you can raise prices.

25-Apr-2016 business.govt.nz

Read more

New banknotes: Is that $50 the real deal?

Your cash box has been brightening since New Zealand’s vibrant new $5 and $10 notes began circulating last October. Those tills are about to get even more colourful as new $20, $50 and $100 notes hit the streets in May.