How to Discount in Retail: 5 Tips for Running Sales Without Killing Your Profits
Discounting is one of the most popular (and arguably among the most effective) ways to drive sales.
How to reduce your risk of bad debtors, starting today
Talk to any credit control expert and they’ll tell you the sooner you follow up an overdue invoice the better. You’ll not only get paid sooner, but you’ll also send a clear signal to your customer that you take your payment terms seriously.
Don’t panic! Timely advice on China’s $ 3.2 trillion stock market crash
The sudden decline in stock values in China is alarming, but the outcome may not be as hard on New Zealand as some people fear. Johnathan Chen, Head of James & Wells' Asia Division, explains.
Are You Selling All The Hours You're Paying For?
If you employ people to provide services to customers, it’s vital to manage the hours invoiced to customers compared to those you pay to staff. Reason being, the differential is potential lost income to your business and precious profit.
How to boost profits using behavioural science
Setting a price for your product or service can be difficult to get right. We think we’re rational when we assess the value of something. But there’s actually a lot of factors, including the prices of competitors and our own emotions. Understanding behavioural science is key to setting the right prices and improving your profitability.
Summer Budget: What it means for UK small business
Chancellor George Osborne announced a tough Summer Budget yesterday in an effort to turn the UK’s whopping £70 billion deficit into surplus. But what does it all mean for UK small businesses?
Xero UK MD Gary Turner shares his thoughts on the pros and cons of this year’s Summer Budget.
Creating a Cash Flow Forecast
A cash flow forecast is a key management tool for businesses. This video will show you how you can use the Cash Summary report in Xero to quickly create a cash flow forecast in Excel for your business.
3 Ways to Help Your Small Business Get Cash Flow Positive Fast
No matter how innovative, sought after or profitable your small business may be, without cash in the bank, you’re going to face some serious struggles.
Is Revenue A True Predictor Of Success?
“Success.”
Typically defined as: ‘the accomplishment of an aim or purpose.’ (1)
Success means a lot of different things to different people. Success may mean wealth, or it may mean happiness. It may mean fame, and for others it may mean power. But can revenue be a true predictor of success?
Are your savings going backwards?
Have you ever thought you were doing something good for yourself only to find out it was having the reverse effect? Like having a caffeine-hit only to end up in an even bigger slump, or dry-cleaning that expensive jacket and having it returned ruined. Unfortunately the same can be said for many Australians who keep their savings in a high-interest bank account.
Your alternative options to the First Home Saver Account (FHSA)
The end of the first home saver accounts (FHSA) scheme means Australians who have put their money into the FHSA have lost a great vehicle to build up their savings.
To KiwiSaver or Not To KiwiSaver: How Investing Now Can Be Good For Your Future
New Zealand’s Consumers Price Index for the March 2015 quarter fell 0.3% compared with last quarter, but the prices for fruit, rental housing, and newly built housing all went up. With the basic costs of living and housing all consistently rising, saving money for your retirement becomes less of a focus, and seemingly less achieveable.
How to Price Across Multiple Channels: What Retailers Need to Know About Modern Pricing Policies
Back in the day, retail pricing was relatively straightforward. Customers would walk into a store, browse products, look at their price tags, and if they like what they see, they would move on to checkout.
Pricing it Right
When deciding how to price your products, you need to understand how – and where – your business fits into the economy.
What Australian small businesses need to know about the budget
The government has high hopes for Australian small businesses and is banking on them to boost the country’s economic growth over the next few years.
What does the NZ Budget Mean for Small Business?
The Government this month handed down the 2015 NZ Budget with a few surprises in store. This Budget continues to deliver on National Government’s pattern of fiscal responsibility. This is a positive thing for New Zealand business as it creates an environment of certainty and stability for businesses to invest.
What does the new Government mean for UK small businesses?
The 2015 UK election results are in and the Conservatives are back in charge, this time governing alone. So what does the new government mean for UK small businesses?
3 Tips to Streamline Monthly Invoice Management
Invoices are a necessary evil. It’s what your agency needs to get paid! As your agency’s financial manager, ownership of this monthly responsibility falls to you.
Intellectual Property – the Swiss army knife of business tools
The traditional argument about Intellectual Property has always been whether it is a sword or a shield
3 Monetary Basics You Should Continuously Be Reviewing
Do you know who an incredible advocate for hard work was? Mary Poppins.
Five rules for managing small business cashflow
Cashflow management is vital for a growing business. We spoke to Ed Castaño of BlueVine, a provider of working capital to small businesses, to find out how to manage cashflow. Here are his thoughts.
This Week in Retail: Beating customer expectations, increasing per-ticket sales, and more
What do modern customers expect from retailers? How can you increase revenues per transaction? How can you ramp up word-of-mouth for your business? Our latest retail roundup answers these questions and then some.
4 Smart Investments Retailers Can Make in 2015 (and How to Minimize Risk)
There’s some truth to the saying “You have to spend money to make money.” When you’re running a business, shelling out without seeing an immediate return is part of the territory.
How ASIC Registry makes doing business easier
Just what are we talking about when we refer to ASIC's Registry?
How much diversification is too much?
When it comes to investing, one of the basic pieces of advice given to investors – large and small – is to ensure their portfolio is well diversified to help protect their investments against volatile markets.
Why You Need to Stop Feeling Guilty About Charging For Your Time
I had a conversation with a good friend last week that got me thinking. She has recently started some contract work after having a baby. She’s working from home; juggling motherhood and meetings, feeding and phone calls, and managing suppliers in between managing nap times.
What is unbundling and how much can it save me?
f you subscribe to the financial industry trade press or keep an eye on Australian SMSF news you’ve probably come across the term “unbundling.” Unbundling refers to the surgical destruction of vertically integrated products and services that have been pushed by the big banks for decades.
How to Improve Revenue at your Agency Without Taking on More Clients
You’ve got a little creative agency, and it’s doing quite well. You’ve landed a few high profile clients, and your reputation in the community is growing. You’re even in line for a couple of awards this year.
Everything You Need to Know About Value-Based Pricing
One of the most difficult decisions for any business owner – professional service or otherwise – is how best to effectively price his or her product or service. And with good reason, too.
Penalties Change for Restaurant Industry
The change to Sunday loadings in the Restaurant Industry: what does it all mean?
Many of you would have already seen news reports that a Full Bench of the Fair Work Commission has decided to reduce Sunday penalties for casuals covered by the Restaurant Industry Award. But what exactly does it mean, what impact will it have on your business now and in the future, and does it suggest similar changes to other modern awards moving forward?
Should you stop charging by the hour?
A recent article came to our attention which got us thinking. This article was written by Ryan Lazanis of Xen Accounting, a virtual accounting firm based in Quebec, Canada.
As a business owner, Lazanis understands the importance of providing exceptional service. He has also seen the frustration of his clients when faced with paying for his services at an hourly rate. If providing the best customer experience is important, then why not apply customer-first thinking to pricing?
Expenses of an oligarch…
Welcome to the world of the super rich…
From superyachts to champagne – get inspiration from the oligarchs on how to submit your receipts this summer!
How Do You Expensify: Forming Habits with Expense Reporting
Whether you work at a startup, a large corporation, or something in between, the end of the month always means one thing: it’s time to get those expense reports in! People often consider expense reporting to be a pain in the elbow, and that’s why we’ve made it our mission to make expense reports suck less.
Forecast Frequency - Daily, Weekly, Monthly or Quarterly?
One of the frequent requests we get at Float is for daily cash flow forecasting. A lot of businesses are interested in more granular forecasts to get better insights into how their available cash changes day by day. And with good reason: Even if you have a big invoice being paid to you in a couple of days, if you reach your overdraft limit today, you may still be in trouble. It’s worth keeping on top of your cash flow!
