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.
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.
Be prepared and develop tidy payday habits, now.
The IRD is contacting all employers to ensure they are up-to-speed on the changes that require PAYE returns to be filed every payday, instead of completing the Employer monthly schedule (IR348).
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.
We no longer need studies to tell us: Smartphones are almost everywhere. Most of the customers coming through your doors have a mobile device with them. And these devices aren’t always shoved in pockets or bags — shoppers are using them while they’re in store too.
Over 100 accounting/bookkeeping, marketplace and banking partners across Asia joined us in Brisbane this year to attend Xerocon, the most innovative conference for cloud leaders in Asia, Australia and New Zealand.
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.
The homepage is the most important page of your business’s website. It is the virtual shop front to your business, providing your customers a first impression of what you have to offer. You only have seconds to grab your customer’s attention so it is key to make sure that they can find what they’re looking for quickly and easily.
During the Christmas holiday season, businesses of many types employ seasonal or casual workers to meet extra demands. Often these workers are hard-working young people who have travelled from overseas, bringing with them their own language and culture. This international melting-pot makes for a fun and productive work environment, although it can also present challenges.
Just like our clothes, when money is laundered, it starts out dirty and comes out clean.
For more than a month BUSINESS buddy has paced the pavement in its pursuit of healthiness with the Virgin Pulse Global Challenge.
Do you feel like it might be time for a change in your office environment? Perhaps the productivity isn’t as good as it use to be or there are a handful of employees who just don’t seem to be performing at their best. Conducting a performance review can greatly help you manage your employees and make sure that your workplace stays strong, efficient, and goal driven.
Business plans help define goals and help you achieve them. If you take time to set concrete and achievable goals, you can then chart a plan to reach these goals successfully. Having tangible goals can make a business thrive.
Tax time is fast approaching—it’s important to do your homework and know exactly what tax deductions you can claim.
Oh, how time flies.
It is now six months since BUSINESS buddy wrote the "Have your say on taxes" blog.
Age is but a number, right? Well, when it comes to landing that next job, maybe not.
Sadly, more and more of people over the age of 50 feel like they have landed on the workforce scrap heap.
Being an effective manager is demanding and complex. Aside from thoroughly knowing and understanding your business, you need to understand people and their motivations, be a motivator yourself, and manage emotional and business-related issues at once.
Aside from efficient inventory management, teamwork is an incredibly important component of the ‘successful business’ recipe and if left out, the result can be a real flop.
Workplace training is an important part of company work life which, as expensive as it may be, is a necessary means to a skilled workforce.
Use our tips to help you create engaging content.
BUSINESS buddy knows that for a team to be successful, each member of the team needs to grow.
And, a healthy body and healthy mind create super-sharp business advisors.
BUSINESS buddy knows engaging face to face is a great way to raise your business profile.
Bearing that in mind, we have booked our spot at The Marketplace Expo, 3.30pm to 7.30pm on Wednesday September 26, 2018 at Ellerslie Event Centre.
Almost every small business struggles through ups and downs on their journey to funding business growth.
“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.
No one ever thinks they are going to win a competition so when BUSINESS buddy sent some great news to a tradie in Northland – it put a big smile on his face.
BUSINESS buddy loves supporting other Kiwi businesses that provide awesome services.
Question: are you planning to bring anything new to the in-store experience? If your answer is “no,” then brace yourself. The coming years could be rough for your retail business.
With more than 800 million active monthly users, Instagram is a social media channel of massive proportions. And, when used strategically, it can reap major benefits for your retail store.
Michelle and Murray from Bellroy Construction are having a cracker of a year and their hard work with support from BUSINESS buddy has made life better for their business, their confidence, and their nearest and dearest.
Social enterprise is done just because it’s right and BUSINESS buddy’s community-mindedness has created lots of warm fuzzies and motivation for the team.
Imagine giving people in a developing country 18250 days access to clean water just from your business being a success.
BUSINESS buddy team has discovered a new techy tool that will show you how to make your website grab potential clients by the eyeballs.
Strategic planning is the blueprint for your business. It’s an aspirational and practical plan for your future that can give you an exact outline of where your business is, and where it should be.
As traditional retail channels dwindle in popularity, more businesses are turning to multi-channel retailing to provide an extra income stream and keep business ticking over.
As a business owner it may feel like all work and no play, at times.
The legendary comedian Lesley Nielsen once said, “Doing nothing is very hard to do, you never know when you’re finished.”
If you dream of getting away from it all but worry about how your business will cope in your absence, you’re not alone.
The UK retail landscape is changing rapidly. Consumer spending is decreasing, competition is increasing between businesses, and people are turning to e-commerce at an unprecedented rate.
Outsourcing ‘business as usual’ tasks can bring focus and efficiencies your business needs in order to succeed in today’s fast paced environment. A new level of agility and access to quality analytics and expertise can be brought into your business. To get ahead of the competition, consider outsourcing.
Heads up, the all new Xero Expenses launches soon.
Xero Expenses makes it easier to claim expenses and gives you valuable insights into spending patterns for your company.
From Tuesday July 10, 2018, Xero Expenses will be automatically included in Xero for anyone on the New Zealand standard or premium plans.
No it wasn’t an Aprils Fool’s Day prank when the minimum wage in New Zealand increased from $15.75 to $16.50 per hour on April 1, 2018.
No one is in any doubt that serious changes are needed to get Auckland’s chocka-block transport system flowing.
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.”
The manufacturing industry is changing and new trends are shifting the way manufacturing companies operate their facilities. In addition, manufacturing companies are looking to become more sustainable in their operations.
If you love your job but hate the admin, this one’s for you. No matter how big or small your business is, BUSINESS buddy wants you to be kept in the loop about any new technology that may enhance performance and make your life easier.
In an ideal world, your business would never have excess or obsolete inventory. However, this can and often does happen when demand for certain products decreases and supply remains steady or increases.
13 may be unlucky for some but if you follow these 13 top tips on how to use Xero and make the most out of your account you won’t need luck.
There are many factors that can contribute to business success or otherwise. When first starting out, business owners can be focused solely on serving customers that they forget to check out the competition.
Although it’s only the first week in June, the recent polar blast was a stark reminder of how spine tingling chilly things can get in Auckland.
When it was announced in 2018 budget that a research and development (R and D) tax incentive, in the form of a tax credit, will replace the current grant system, BUSINESS buddy decided to take a closer look.
Shifting data, systems and the inner workings of a business onto the cloud can be a big move. However, it’s hard to stay away from the cloud these days; the applications of cloud-based software are seemingly endless.
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.
When thinking about threats to your retail store, shoplifting is probably number one, right? The idea of someone swiping hundreds of dollars of products into a giant bag and walking out with them is horrifying, isn’t it? (post by Cara Wood)
This business workshop is too good to miss. We know you will get that mid-year recharge to take your business into a stellar second half.
Secure your hot seat for 7 ways to grow business at 4.10pm on Wednesday June 13, 2018.
Calling all tradies. Are you tools looking tired? Has your chisel lost its shizzle? Does your level still measure up? Or does your wrench need to get a grip?
Complete our online survey and you can enter the draw to win a $250 Bunnings voucher.
We are super excited to welcome our new BUSINESS buddy, who is operating a new business advisory service in the Franklin region.
Last month, all eyes were on the Gold Coast and the 21st Commonwealth Games.
The jaw dropping performances by the Black Ferns sevens, Sophie Pascoe, Tom Walsh and the women’s Black Sticks left us all in awe.
But like in business, exceeding expectations can never be taken for granted.
Here at BUSINESS buddy we recognise the importance of a great coaching and a strong team.
Whether it is a national sports team or a small business, the principals of success are the same.
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.
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.
While millennials are still a significant consumer segment for retailers, there is another shopper group that’s continuing to gain spending power.
We have scoured the marketplace to bring you the five best Xero apps of 2018. From reporting software to time management applications, we’ve covered a wide variety of apps designed to make your life easier.
Debtor days measures how quickly cash is being collected from debtors. The longer it takes for a business to collect, the greater the number of debtor days.
There are many lessons to be learned through failure. Each time something does not work in a business, there are endless reasons and factors that could culminate to cause the failure.
BUSINESS buddy CEO, Kirsten Hawke says continued growth and development in Auckland presents business owners with opportunities as well as challenges.
Finding the right staff, coping with new competition and even inefficiencies caused by traffic woes, all impact on local businesses.
It’s May! How’s your year going? Have you had a blockbuster first quarter or has your business slipped back into the same old, same old.
When it comes to creating a vibrant company, values are absolutely foundational – in fact, they’re one of the most visible aspects of any company culture.
Gift giving is a major part of the holiday season. As a result, the holiday seasons is hectic, not only for the consumers, but also the retailers and manufacturers supplying the gifts.
It’s hard to believe but New Zealand’s Government is giving you a chance to say what you think about our tax system.
BUSINESS buddy thinks this is an opportunity not to be missed.
Free healthy meals at work, discounted travel, opportunities for personal development and study, flexible working, and paid time off for volunteering – these are just some of the compelling employee benefits that leading company’s offer.
Dealing with difficult customers can be… well, difficult, but it doesn’t have to be. With the right attitude and action steps, you can effectively navigate these tricky customer situations and emerge (hopefully) unscathed.
Join Kirsten & the Business Buddy CA Team on Wednesday June 13 2018 at this 90-minute event to understand the mindset change required to succeed in a changing business landscape.
The team at BUSINESS buddy realise the power of good networking, so the news of the former US president Barack Obama’s visit later this month – got us thinking.
Global sourcing occurs when companies go beyond their home borders for sourcing goods and services.
It is a difficult task to gauge customer satisfaction without some form of survey to do so. However, understanding the extent to which your customer base is happy with your services is integral to your company’s success.
Strategy lies at the heart of most successful businesses. Businesses that plan and have clear objectives or goals, robust accountability and a shared sense of purpose should always outperform those that just show up and go through the motions.
Most small businesses are trying to grow their market share and revenue. This typically means thinking deeply about one of the major factors affecting inventory management: pricing strategy.
The end of the financial year can be either stressful or a seamless part of what you do.
Ideally, your end-of-year accounts will confirm what you think your business has been doing for the past 12 months.
Creating a highly-engaged workforce and a thriving workplace continues to be a major focus for all HR managers. And the reason is simple.
If someone had told me as a student in the 1980's that one day soon I could track my client’s business performance online, on any device, from anywhere in the world, I wouldn’t have believed them.
Hannah is a financial force. She is the founder and director of enableMe – Financial Personal Trainers, a chartered accountant, a master of taxation studies, best-selling author, TV personality and mum of two.
Hannah is presenting her brand new, 45-minute seminar at Uxbridge Arts Centre, Uxbridge Road, Howick February 27, 2018 at 6pm.
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.
From a business perspective, it’s universe-shattering that a product that first rolled out in 1977 still captivates the punters and successfully enthralls a whole new generation.
BUSINESS buddy has investigated how Star Wars resonates with people who weren’t born when the first movie was released, without alienating those who are old enough to be their grandparents.
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.
If you’re shipping your goods out to your customers, it’s essential to ensure your freight costs are as low as possible. At the same time, we all know how important it is to reduce our impact on the environment.
Online purchasing has not-so-slowly and very surely become the way people shop. It is efficient, convenient and best of all can be done without any concern for traffic or trying to find dreaded car-parking at a mall.
Training in the workplace is a very valuable and important component of running a successful business.
The BUSINESS buddies are so excited about our February seminar that we are giving away one double pass to help a local business keep the dollars running like a river, all year round.
Are you a business owner feeling financial squeeze this January? You are not alone.
If your business is doing well and you’re looking to expand, that can be a sign of success. However, moving to the next stage of business development can be a risky endeavour.
Conducting business is no longer as simple, and dare we say primitive, as being present in the store at the point of sale, making said sale, recording said sale and replenishing inventory stock – all in a very hands-on manner.
So, you’re doing your homework on employee onboarding and preparing new starter kits infused with your company’s values. You also want to mastermind an onboarding process that even the tech giants would be proud of.
You’re never too old to write to the dude in the big red suit and the BUSINESS buddies have scribed their wish list for something special they would like to find under the tree.
Of course, they are trying very hard to be good right up until Christmas Eve, which is more of a challenge for some buddies than others.
Loot, dosh, cash, dollars, money, moola, coin… call it what you will but when there’s none in your pocket and none in the bank, it means one word – trouble.
The holiday season is a time when many businesses find cashflow diminishes to a trickle and it is the perfect occasion for BUSINESS buddy to advise entrepreneurs on how to unblock the dam.
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?
Having reliable rostering software, like goRoster, means that you know who is working in your business at any given time. It’s a great tool to help you manage your staff without having to be on site 24/7.
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.
Managing your business’s impact on the environment is not only good for the environment but it can also help to improve your business’s reputation and reduce business costs.
Have you ever stopped to think where would your family and next-of-kin start if the worst happens?
For more than a year, BUSINESS buddy has operated a mobile office system on Fridays and with some experience of this initiative – we have tips to help it work in your workplace.
On Fridays, the Allens Road office doors are locked tight and our team works from where it best suits their needs, which could be at a client’s workplace, at home, in a hotel – virtually anywhere.
It’s the Holy Grail of business: increasing the number of profitable hours in a day.
To be successful in business, you need to be organised, have a clear plan for where you’re headed and be confident with the processes you have in place.
At a certain point, every growing business needs to take a leap and invest in new technology. It can be daunting and expensive, but the rewards can greatly outweigh the costs and stress.