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27-Nov-2017 Debtor Daddy

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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6 Retail Books You Need to Read

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

29-Jul-2017 Neto

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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

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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

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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 Unleashed

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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

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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

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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.

13-Mar-2017

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

29-Mar-2016 simPRO

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Improve cash flow: tips for small businesses

Cash is often referred to as the lifeblood of an organisation, a key factor that determines business success or failure. In many cases, cash is vital for daily survival; a small business that doesn’t have enough cash on hand to pay suppliers might not be able to open the next day.

29-Mar-2016 Debtor Daddy

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Keeping a positive customer relationship – as easy as saying “Thank you”?

As a small business owner, it’s quite likely you play both the role of salesperson and debt chaser. On one hand you want to keep the relationship positive so you can continue selling to that customer, but on the other hand you need your bills paid for your business to survive. Maintaining customer loyalty and satisfaction while keeping a credit control policy that’s abided by can (at times) put you in an awkward position.

29-Mar-2016 Xero

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Budget 2016: Smallest businesses the biggest winners?

Founder and CEO of the Bright Ideas Trust, Tim Campbell, came to visit our new London office yesterday. We cornered him and our Managing Director, Gary Turner, to discuss why this could be one of the most significant Budgets for small businesses that we’ve seen.

25-Feb-2016 simPRO

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Projecting cash flow to build a more resilient business

Cash flow is the single most important aspect of financial management for any small — or large — business. Running out of cash is the major reason businesses fail.

As a business owner, making sure you have cash available (or at least the potential to generate cash) to meet your obligations is not only essential for survival, but is in many cases a legal obligation.

25-Feb-2016 ASIC's MoneySmart

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Investment scams: Fake companies and investment offers

A phone call or email 'out of the blue' offering you a not-to-be-missed investment opportunity could be a turning point in your life. If you say 'yes' to the deal and the offer is a scam, you could lose thousands of dollars or end up with enormous debts.
Investment scams are often so professional, slick and believable that it is hard to tell them apart from genuine investment opportunities. Our tips break down how investment scams work.

25-Feb-2016 business.govt.nz

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Scammers never go on holiday, so always be alert

You may have had a nice holiday, but scammers never take a break. In fact, in the last few months there has been a significant rise in the number of reported scam incidents.

26-Jan-2016 Business.gov.au

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What’s new for businesses from 1 January 2016

Welcome to 2016!
To help your business start 2016 off on the right foot, we’ve put together a list of changes for business that came into effect from 1 January 2016.

26-Jan-2016 Xero

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5 reasons working with an accountant on your taxes makes you a genius

Whether they realize it or not, small business owners spend a great deal of their time trying to avoid becoming a statistic. Accountants are vital to that mission.

16-Dec-2015 Xero

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4 ways to stamp out fraud in your small business

One of the biggest troubles small business owners face is access to capital. So activities like theft or fraud can cripple a small business in a heartbeat.

16-Dec-2015 Xero

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7 ways to avoid cash flow 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.

16-Dec-2015 Xero

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Five steps to starting a business in the New Year

If January 2016 mirrors the years that have gone before, it will be the busiest month in the calendar for people starting a business. Returning from Christmas to an unfulfilling job and a burning idea to turn a hobby or passion into a way of making a living, people in their droves will take steps to become their own boss. Will you be one of them?

25-Nov-2015 business.govt.nz

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What to do if the price tag isn't right

It’s a retailer’s worst nightmare, and a delight for consumers – realising a pricing error has underpriced goods for sale.

It rarely happens, but if it does strike your business, here are some tips on how to handle it.

25-Nov-2015 business.govt.nz

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Money: Brighter NZ banknotes hit the streets

Have you noticed that your cash till is looking a bit different? It could be that you’ve already received some of New Zealand’s new banknotes.

New $5 and $10 notes started to be released by the Reserve Bank in mid-October, with $20, $50 and $100 notes coming in April next year.

28-Oct-2015 SimPRO

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How to avoid estimating mistakes for large projects

Inaccurate estimations can cause drawbacks in the process of important projects. An electrical contractor who ends up buying more materials than is truly needed, for example, might waste a lot of money. And, inversely, an electrical contractor who purchases less than the job requires might miss lower prices offered by wholesale arrangements, and waste time procuring all the necessary items for the completion of the project.

28-Oct-2015 ASIC's MoneySmart

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Money musts before you die

It might be hard to imagine now but what if something were to happen to you? Would your loved ones be taken care of or would they face a tough financial future?

The greatest gift you can leave your family is having your affairs sorted out before you go.

If you have made plans, do your loved ones know where to find them? Would they know what assets you have, what insurance policies are in place or how to access your superannuation or life insurance?

Here are some simple steps you can take to protect the important people in your life.

28-Oct-2015 James & Wells

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Tackling China? Be prepared!

While New Zealand businesses are getting far more savvy about doing business in Asia, some are still learning the hard way that it can be tricky, particularly in China.

28-Sep-2015 Debtor Daddy

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Getting your invoice right

Having well structured and timed invoices is essential to getting your invoices paid (and paid on time).

28-Sep-2015 Debtor Daddy

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INFOGRAPHIC: How to stack the odds of getting paid on time in your favour

Running a business is a high stakes game, afterall it’s your livelihood… it’s you that has to pay the mortgage / rent and put food on the table. Getting invoices paid on time (or at all) is an ongoing challenge for many small businesses, especially in services where you’re often doing the work prior to getting paid.
Fortunately there’s a bunch of measures you can put in place to defend yourself from sharks, flakey customers and downright back luck. So we’ve put together a handy infographic that you can print out and keep nearby to remind you to stack the odds in your favour when it comes to getting paid. Enjoy!

28-Sep-2015 James and Wells

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New Zealand’s commodity obsession stands in the way of innovation success

The recent slump in dairy prices once again reminds us how vulnerable the New Zealand economy is to price fluctuations for commodity products. Of course animal protein is particularly susceptible because it is a renewable commodity that any farmer anywhere in the world can produce.

27-Sep-2015 Xero

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According to 3 successful business owners this is the one thing you need to succeed

According to the Small Business Association, about half of all new small businesses survive five years. And only about 33 percent survive ten years or more. Having a solid plan in place to manage cash flow is essential to ensuring that your business can survive.

26-Aug-2015 StockSpot

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Keeping your finances in shape

Having spent years as a fitness instructor and in financial services, there are many lessons I’ve learned from keeping in shape and living a healthy lifestyle that can be transferred to managing your finances.

26-Aug-2015 StockSpot

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Money tips for your next holiday

The cost of travelling overseas can quickly add up so it pays to know some tips and tricks so you can avoid being ripped off on exchange rates and unnecessary fees as well as get a better deal on your flights.
As someone who constantly has the travel bug, I’m always on the lookout for ways to get more out of my money so that I can afford to squeeze in more trips each year. Here are things that I’ve discovered from my travels over the years.

26-Aug-2015 James & Wells

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Capitalising on China’s e-commerce market by minimising risks

The recent New Balance case should be a big wake up call for Kiwi companies exporting to Asian markets, especially those capitalising on e-commerce to do so.

26-Aug-2015 Debtor Daddy

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Online payment options

As a customer, you want the payment process to be easy and as a business, you naturally want to get paid. For this reason, it’s always a good idea to consider what options you give your customers.

26-Aug-2015 Float

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Are late payments crippling small businesses?

Small businesses have it tough within their industries, especially in the months and years before they have gained a foothold in the marketplace with a dedicated customer base. They have to develop relationships with suppliers, advertise themselves and conduct their business perfectly with all outside parties in order to create a positive impression that will keep people coming back. However, even when they have succeeded in doing all of that, they will still be faced with one problem which is prevalent in small business dealings: getting paid on time.

26-Aug-2015 Vend

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U.S. Retailers: Here’s Why You Need to Switch to EMV ASAP

Over the past two years or so, retailers and payment processors in the United States have been buzzing about the country’s shift to EMV, a more secure payment standard for credit and debit cards. This new standard will replace the traditional magnetic stripe cards (AKA “swipe-and-sign”) with chip cards, a breed of debit and credit cards that’s considered more effective in preventing fraud.

24-Aug-2015 Xero

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Debt doesn’t have to be a dirty word: leveraging debt in your business

In personal finance, debt is almost always the enemy. Sure, you might take on a loan for school or a house or vehicle. But even then the best policy is to pay it off as quickly as possible. This is such a truism that debt payment coaching is a thriving industry.

19-Aug-2015 WorkflowMax

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How to get paid faster

Invoicing clients should be fun - it’s the final step between your hard work and hard cash! But often it’s a stressful process filled with friction and sometimes fiction!

19-Aug-2015 Xero

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Float - The simple cashflow forecasting tool for businesses

Float is an online cash management and forecasting tool that helps you manage your business and keep on top of your cash flow. By projecting your future cash in the bank it’s easier to make the right decisions for your business.