Operating activities, investing activities and financing activities.
Don't start with too much money. (Yes, really.)
Do you know how to design a functional, well-fitting logo?
In as much as emotional intelligence is a fundamental skill, you must possess, the way and manner various individuals choose to attain this feat is variant.
Before any talk, I know my material cold. I don’t read from slides. I don’t talk from notes or a script.
The quote “awareness brings progress'', is not a cliché; but however, a general rule of thumb.
Being cautious and disciplined with your finances can be the difference between maintaining your project so that you can eventually succeed and be completely bankrupt.
It's time to stop worrying about what other businesses are up to.
This faster delivery of internal IT systems would also give us more credibility and currency.
The most important personality traits to look for in remote employees are self-motivation and discipline.
When it comes to making sure your business is doing better for the sake of the planet, it can all feel a little overwhelming.
A leader plays an active role in the realisation of set goals and objectives
Read our tips on gaining self-confidence, so you can achieve the dreams and goals you have created.
Your subject line is crucial if you want your emails to be opened & read by your prospects.
You’re just starting out, which means you need money. And quickly. Trust me, as a former small business owner, I get it.
Always remember to address the root cause of the problem; stop beating around the bush
Radiating warmth and friendliness will help your new employee feel relaxed and excited to start working.
Stress makes us stronger, and rest makes us last for longer
It usually takes several touchpoints for anyone to decide to purchase, so we need to hit potential customers from different angles.
The best way to stay in tune with your customers is to understand your customer; a way to do that is by being your own customer.
Nobody can act you more than you! If you would be making huge financial decisions, you might have to consider several factors- both personal and financial.
When trying to find ways to engage new generation workers, consider these two thoughts; first, are millennials, and the older generation needs different?
You can become famous through luck. But becoming known and a trusted a personal brand requires consistent work over many months, and perhaps even years.
Because we all know any conference day is a long one.
Stress is an unavoidable consequence of our everyday work lives. There are going to be times where we’re going to deal with it, and there are going to be times where all it seems like it’s doing is piling up and finding its way into our personal lives.
No matter how strong your passwords are, chances are that sooner or later they can be breached.
Having a certification would not only give you an edge in the accounting labour market, but it would also increase your earning capacity.
One of the most common issues seen when businesspeople find themselves in trouble with debt, is that they don’t actually know what they might actually be liable for.
Being able to see the world from others point of view is such a beautiful talent- don’t waste it.
Not everyone understands how to appropriate the use of social media when it comes to marketing.
Your small business can make a big carbon-cutting impact! The 6 steps to running a carbon neutral business and why it’s the must-make business move of 2019 – all explained here
On average, business people receive about 90 emails each day and send about 40
Email has been around since the ‘70s but it’s still our favourite form of online communication. Because of that, email newsletters are a great marketing tool and offer some of the best returns on investment in the industry. So how do you do it well?
A fifth of small businesses don’t have an accountant. As they grow, they’ll eventually want to get one. So how do you welcome those fresh young businesses into your practice?
Bruce Earle’s clients might not recognise the beanie wearing, craft-beer drinking, fan of “the Boss” (singer/songwriter Bruce Springsteen) outside of work days at his accounting practice. But Bruce has always been one do things a bit differently.
Owning a rental property in New Zealand is still a fantastic investment option however if you are a landlord or landlady you must know the recent changes in legislation called The healthy homes standards. Here, BUSINESS buddy investigates what these new standards mean for residential property investors and tenants.
The same things happen to everyone in different ways.
Take stock of the assets you have and create a realistic plan to define your purpose, gather resources and develop market insights.
My nine most important lessons from investing over the past 35 years are that: there is always a cycle; the crowd gets it wrong at extremes; what you pay for an investment matters a lot; getting markets right is not as easy as you think; investment markets don’t learn; compound interest applied to investments is like magic; it pays to be optimistic; keep it simple; and you need to know yourself to succeed at investing.
In mid-2019, Jenny Hong joined the BUSINESS buddy team, based at the East Tamaki office.
This blog post explores the top 10 signs that your business is ready for a Messenger chatbot.
Understanding and articulating your company’s “why” is fundamentally important, but the “how” behind how you and your team execute drives your organisation’s culture and ultimately, it's brand.
Imagine that any email you send was given to every employee at your company. If this thought makes you nervous, and it isn't due to privacy laws, you may need to reevaluate your message.
Jason Blumer realised his creative talent would be curbed if he stuck to the traditional ways of running an accounting business. So when he was let loose to manage his father’s firm, he started experimenting and having fun.
A good succession plan can secure a business owner’s legacy, and their retirement. Why not help your clients come up with one? It could be one of the most important and enduring things you do for them. Here’s how to get the process started.
From small to large, accounting practices of all types can be effectively thinking ahead.
In late June 2019, the OECD released its global report with praise for New Zealand’s well-being approach to policy, and stated the nation has stable economic growth and healthy government finances.
It’s not just personal data that are in jeopardy.
It is essential to create a great first impression.
When a customer complains about your product, ask yourself first whether they have a point.
Many people ask BUSINESS buddy – “Is it still a good time to invest in real estate? “
The simple answer is it’s never too late to invest in property, providing you seek the correct advice.
As a member of the learning and development industry, I am bombarded with research, insights, event invites, and models almost daily
The Internet has made it very easy for a business to make its goods and services reach more and more people all over the world.
Debits and credits are one of those fundamental concepts in accounting..
On May 30 2019, the New Zealand Government unveiled its Wellbeing Budget, and BUSINESS buddy has taken a look at what wellbeing brings to you and your business.
BUSINESS buddy knows the power of continual learning and self-improvement, so on hearing about the upcoming Money Power Master Class, being held later this month, we were eager to learn more.
In today’s competitive environment, businesses can survive and thrive when managers or owners implement measures that encourage their employees to share new ideas and innovations to improve the workplace. As a temp administrative assistant, I have observed many innovations that work - and don't work- on the job.
Depreciation affects your bottom line, your tax bill, and the value of your business. Those are three good reasons to learn what depreciation is and how it works. Here are the basics.
Do you know that the wages you pay your employee is not all that your employee costs?
You understand the phrase, “Time is money” better when you are in the labour market.
Being in business should include an element of social enterprise, which means the work day involves more than clocking in and out, just to get the job done.
That’s why on Saturday July 27 BUSINESS buddy is joining the Light for Life party.
Our newest BUSINESS buddy, Linda Nowacki (pronounced as Novaski), has spent more than a decade working in accountancy work and she is now working fulltime at the East Tamaki office.
Bank feeds are a core component of Xero, giving you an up to date view of your cash position so you know how your business is performing.
Technology has facilitated all aspects of life
All entrepreneurs need a parachute.
"Positioning" is a term that gets thrown around a lot but can often be confused with other marketing activities.
Gone are the days of getting attention via traditional news stories and static websites that are more likely to gather cobwebs rather than web search results.
Keeping secrets is a business skill that is to be encouraged when it comes to looking after personal information about clients and staff members.
What is really happening in the life of our small business?
Tax Day is just right around the corner
Cycling across iconic parts of Aotearoa may seem like a cruisy way to spend 10 days but the reality is – two of our BUSINESS buddies are pedalling themselves to the limit for a good cause.
Jatin Patel and Nirang Shah have already completed the southern part of their Tour of New Zealand and today they are pedalling in the King Country for Unicorn Foundation.
Inland Revenue is about to go offline, and you need to file your GST return now.
The great thing about using Xero is that your admin tasks can be easily managed – even when something needs to be completed in a hurry.
China is currently developing a kind of social credit system, not dissimilar to a financial credit system, designed to reward people for doing good deeds and demonstrating honesty and integrity while punishing people for committing untrustworthy acts.
The concept of search engine optimisation (SEO) is literally everywhere. It is so important now, and every webmaster needs its knowledge, so content marketing is as effective as it is supposed to be.
There’s a reason “The Room Where It Happens” is one of Broadway hit Hamilton’s standout songs: the track’s theme -- longing to be included among key decision-makers in the place in which decisions are made -- is timeless.
If it’s going to survive, a startup needs to grow.
TIP: All leaders that are good need to focus on days to come. You have to know what's next and how to prepare for it.
Make it a point to look for hidden talent in your teammates. It should be easy to determine who benefits you the most, when you are looking for helpers.
As part of the Beautiful Business Talks hosted by Xero at this year’s Accounting Business Expo, I was given the opportunity to present on how accountants and bookkeepers can provide advisory services to their clients.
Once a business is loyal to a software program it can be daunting to change to a new system, even if it has functions that are significantly better than the old favourite.
However, with good planning the short-term pain of transition should be minimised, and you may even save money.
Almost every day a Kiwi is diagnosed with neuroendocrine cancer but very few of us know anything about it.
Our newest BUSINESS buddy, Jatin Patel is putting his pedal power into action to improve the diagnosis and management of this cancer in New Zealand.
Accounts receivable is the money you’re owed by customers. Once you send an invoice (or bill), it becomes part of your accounts receivable – until it’s paid.
Ever heard about SSL Certificates?
You probably have.
When it comes to businesses and the publicity they involve, losing one customer can cause a chain reaction that makes you lose several other customers; existing and potential.
Benefits have evolved. Once upon a time, “word-of-mouth” adverts was what worked, later on, if you couldn’t get your business to be on the television or radio, you were not dreaming big enough.
You may have recently received a letter from ACC advising you that your business has been issued a credit.
The letters are legitimate and are the result of business customers being incorrectly charged levies between 2002 and 2017.
Last year, New Zealand Post hit the headlines when some courier drivers argued they were employees, rather than contractors and this week Visionstream finds itself in the same pickle.
Offices used to be essential for most businesses. But mobile technology and new working practices mean that many small businesses don't need any office space. Here's what you need to know about having a mobile office.
The cloud – what is it and why is it important? Like the name suggests, the idea of the cloud feels lofty and hard to grasp. Simply put, cloud computing is the practice of using a network hosted on the Internet, or “the cloud,” to store, manage, and process data. This means you won’t have to maintain or own any hosting equipment.
So you didn’t follow the Elon Musk path of creating a computer game at age 12 or cold-calling a corporate banking maven to snag a paying internship? You can still become a compelling, talked-about entrepreneur if you follow a few best practices.
When was the last time you stopped to think?
I mean really stopped.
One of the biggest mistakes made by new business owners is not to engage startup legal services to handle possible issues for their new venture.
The difference between cash basis and accrual basis accounting comes down to timing. When do you record revenue or expenses?
For hundreds of years, paper was the gold standard of written communication.
Anything you needed to record or remember, from love letters to receipts, was printed on paper.
It’s almost a year since chartered accountant, Jonathan Sturm became a BUSINESS buddy franchisee, looking after growing businesses in and around Pukekohe, Waiuku, Karaka and Drury.
There is plenty of coverage about the impact of the recommended capital gains tax on investments but few commentators have discussed the impact of the entire tax review on businesses.
Business negotiation is a world of contradictions. You’ve got to be firm but flexible open and sharing, but a little cagey. There’s a lot to get your head around. But your state of mind might be the most important thing. Aim for a mutually beneficial outcome, and you’ll find the whole exercise more comfortable. Follow these five tips to prepare for your next negotiation.
For most of us the internet is an intrinsic part of our lives. We rely on it to get us where we are going, connect us to friends and family and answer all of our questions, no matter how banal. It has also quickly become an integral part of most businesses, enabling them to complete business transactions in mere minutes as well as connect to their customers and a global network.