Better business

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Easy money for business not always the best option

Easy money for business not always the best option 1200 630 Colin Kennedy

Not long ago, one financial adviser was heard to lament the Kiwi habit of using the mortgage to fund the business. Others turn to bank overdrafts or their personal savings – all of which some might argue are easy choices to make but not necessarily the best. Putting one’s house on the line to help…

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What is a cashflow forecast, exactly?

What is a cashflow forecast, exactly? 1200 630 Colin Kennedy

Most people nod in agreement when they hear the fable of the ant and the grasshopper – the ant worked all summer while the grasshopper lazed about, only for a starving grasshopper to come begging at the ant’s door in winter. However, it’s surprising how few business leaders apply the common-sense lessons the fable teaches.…

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Handling chronic complainers in the workplace

Handling chronic complainers in the workplace 1200 630 Colin Kennedy

When a leader in the financial sector is confronted by challenging behaviour – like a persistently complaining employee – it is best to avoid attempting to turn the ‘complainer’ around with ‘positive’ or ‘motivational’ speak. Negative complaining (an expression of dissatisfaction or annoyance about something) is not the same as reports of deviant behaviour. Complaints…

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How hurry sickness is killing productivity in professional services

How hurry sickness is killing productivity in professional services 1200 630 Colin Kennedy

The fable of the hare and the tortoise and the wisdom of ‘slow and steady wins the race’ holds some deeper truths for those of us who work in professional services. Perhaps the real reason the hare lost the race was that it was suffering from ‘hurry sickness’ – much like many of us rush…

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How to set up processes that can help relieve your cashflow pain

How to set up processes that can help relieve your cashflow pain 1200 630 Colin Kennedy

There’s a parable about a man who built his house on rock and a man who built his house on sand. When the rains came, the latter lost everything. It seems evident that only a fool would build on sand, but you will be surprised by how often all of us resort to the easy…

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How active observation of the world around you can help cashflow

How active observation of the world around you can help cashflow 1200 630 Colin Kennedy

Researchers in Italy have found that farm animals like dogs, cows and sheep can detect an earthquake up to 20 hours before it occurs. Perhaps it is ionisation of the air caused by rock pressures or that animals can smell gases released from quartz crystals before the quake. The lesson business owners can take from…

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How to build a business that can run without you

How to build a business that can run without you 1200 630 Colin Kennedy

Are you micro-managing your team and, in doing so, ensuring your business can’t run without you?  All business owners, tax specialists included, pour their life and soul into the business and work hard to grow it. But at a certain point, even though it is hard to let go – and it is your expertise…

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How to diversify your business

How to diversify your business 1200 535 Colin Kennedy

The COVID-19 pandemic has honed many business owners’ minds about what parts of their business can continue to provide revenue if the rolling lockdowns continue. And it has undoubtedly had many business owners wondering how they can diversify their products or their markets to ensure the business remains afloat in both good times and bad.…

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How to sell your expertise (give it away)

How to sell your expertise (give it away) 1200 630 Colin Kennedy

Tax is a scary thing for most people, and, as a tax specialist, you will know better than anyone, just how many business owners are intimidated by the whole area. As an expert in the field, it may help to educate both your existing clients and potential new clients on just how you can help…

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Why do some companies fail while others prosper?

Why do some companies fail while others prosper? 1200 630 Colin Kennedy

“It’s a funny market,” according to one business owner. “Some businesses I know are thriving, while others in the same industry are struggling just for cashflow.” The truth is that perhaps it is less a ‘funny market’ and more symptomatic of the type of market we have here in New Zealand and, importantly, how we…

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