Better business

Automation may be the best time management solution of all time

Automation may be the best time management solution of all time 1280 616 Colin Kennedy

The beauty of Xero is that the cloud platform introduced Kiwi business owners to the power of automation – remember those spreadsheets, the long hours and the need for painstaking detail? Now there are hundreds of different apps offering to make all kinds of things easier – but don’t make the mistake of confusing functionality…

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How can you attract an investor to your business?

How can you attract an investor to your business? 1200 630 Colin Kennedy

Some investors argue they are only interested in businesses that sell widgets rather than services – they want a product, not bodies. Others say that their investment is in the people leading the company. Either way, you can take hope because it’s clear that no investor is alike, and that means there are no hard…

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Understanding provisional tax

Understanding provisional tax 1200 630 Lee Stace

What is provisional tax? How’s it calculated? When is it paid? What happens if you don’t pay? If these questions are currently occupying space in your head, don’t worry – we’re about to provide some answers. A brief overview Provisional tax breaks up the income tax you pay Inland Revenue (IRD) so that it is…

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Syncing provisional tax to cashflow

Syncing provisional tax to cashflow 1200 630 Lee Stace

As a self-employed painter and decorator, Bart Taylor knows full well how business owners can get themselves into strife if they don’t plan for their tax obligations. He speaks from his own personal experience. That’s why Bart is happy to talk about how Tax Management NZ (TMNZ) enables him as a self-employed tradesperson to take…

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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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