Choosing to discount or raise prices is going to create a ripple effect that will impact other areas of your business. But how and to what extent?
Read MoreEarlier this year, it was revealed that thousands of government employees had been receiving less holiday pay than their entitlement. So, you guessed it, a task force was set up to look at simplifying the system with change anticipated next year. In the meantime, we remind you, as always, about your obligations for the Holiday Season. Refer also to the 2018 tax change on Page 17 under From the IRD in Brief.
Read MoreMarketing has changed a lot over the years, it’s happened so quickly, and I predict it’s only going to get faster from here. So what will the next stage look like?
Read MoreIn a case just come to light, a couple by the name of Daniel and Loretta Smith were successful in proving that their employer, Stuart Muir, had unjustifiably dismissed them due to relying on a defective 90- day trial clause and conducting an unfair process, but were awarded no damages pursuant to Section 124 of the Employment Relations Act 2000, due to “disgraceful and egregious conduct”.
Read MoreReignite the Passion
Read MoreHelping companies increase their sales across New Zealand continues to be a source of great satisfaction. Here are some things that I’ve learnt...
Read MoreMarketing. It’s a word that seems to conjure up different things for different people. Some think it’s advertising, some think it’s sales. It’s an umbrella term for quite a few things and it’s vital for businesses big and small to understand how all the components best work for them.
Read More“Brian,” the boss addresses him as he sits down at the boardroom table. “We need to have a chat about your future at XYZ Limited.” Brian’s face goes white. “This isn’t easy,” Brian’s boss continues in solemn tones, “so can we agree that this discussion is off the record?”
Brian wonders what his boss is asking.
Is he suggesting this conversation can never be mentioned again? What if Brian wants to get legal advice? And what happens if Brian refuses to agree to keep this chat “off the record”? Will his boss dismiss him? He obviously wants to hear what his boss has to say. But how should he respond to his boss’s request?
Read MoreMatthew Gilligan of Gilligan Rowe and Associates comments on the softening of business sentiment and property market coming off the boil in Auckland. In 2015, he had predicted this, pointing to the 40-year pattern, with markets peaking in 1987, 1997, 2007, and now 2017. Focusing on the Auckland market, he picks up the argument and provides some practical advice to investors who are looking to limit risks.
Read MoreThe Companies Act offers a cost effective option to enforce payment.
Your business’s cash flow can be adversely affected by your debtors not paying your invoices on time. It can often feel like you are acting as a lender to your debtors, by providing them goods and services and they then expect to be able to pay over time or not at all, in breach of your terms of trade.
Read MorePlenty of New Zealand employers think the law is too “employee-friendly”.
They cite cases where employees were surely at fault, but came away with big awards because the employer stuffed up the dismissal process.
“How can that be fair?,” they wonder. They go on to assume that it doesn’t matter who’s right or wrong. Process is all that matters in employment law.
So they end up going through the motions of a “fair process” whenever they deal with their staff. But really they made up their mind from the start and nothing was going to persuade them otherwise.
I understand why employers feel this way sometimes. But I think its a real problem. Let me explain.
Read MoreFor the majority of business owners we deal with one of their key goals is growth. In fact, there is a general fixation on growth within New Zealand, but as we’ve seen with the recent growth in the Auckland population, growth often comes hand in hand with pain.
Read MoreOne of the most common reasons why a business might hesitate launching their own blog is because they have no idea what to post. If you fall into this category, fear not. It’s a common problem, but it’s not hard to overcome.
Read MoreYour business website is a powerful tool for engaging potential and existing customers, and for collecting useful data. Where information collected is personal information, however, you have obligations under the Privacy Act 1993.
Read MoreWorking capital is the term used to describe your short- term or current assets and current liabilities. Current assets typically include cash, accounts receivable, inventory and short-term investments, while current liabilities include accounts payable and short- term loans.
Read MoreThe 'cash gap' is the time between cash going out and cash coming back into a business. Nearly every business has one, but left unchecked it can turn a profitable job or project into a financial mess. The root of the problem is that many business owners don't know what their 'cash gap' is, or how to calculate their business' working capital requirements.
Read MoreUnfortunately, debt recovery is part of running a business. Too often businesses take stock of their debtor position when it might already be too late, for example when a debtor company has receivers or liquidators appointed. It is good practice to keep on top of your debtors and to undertake debt recovery health checks for your business from time to time.
Read MoreDelivering high-impact key performance indicators (KPIs) is crucial to a company’s performance and growth. However, not every company understands what makes a good KPI or how to go about setting one.
Every company is unique and, therefore, their KPIs will also be unique. But all successful KPIs contain the same key attributes.
Read MoreEffective KPI reporting is built on transparency, accountability, and comprehensive communication. It can help businesses to reduce costs, identify new opportunities, and make better decisions. It provides an opportunity for staff at all levels of a business to reflect on their performance and, if required, take actions that improve the overall performance of the business.
This short article will show you how to take control of the KPI reporting process.
Read MoreBlog, News, Media, Latest … Whatever you want to call it, they’re all essentially the same: an outlet that enables businesses to share their latest news, views and reviews with their audience in a casual, non-confronting way.
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