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Business Improvement

Safeguarding your business against unexpected disruption

April 20, 2021

Crisis management seems to have become a core skill for the modern business owner — how prepared are you in the case of emergency?Whether it’s lockdowns, earthquakes or like a client of mine in Napier, NZ (the recent flooding), it matters not; business owners need to...

Business Planning - Where is Your Business Now?

June 22, 2020

In order to get your business to where you want it to be you must first determine where it is now, as otherwise, you won’t know how much work you have to do to improve and nor can you set goals or action strategies, because firstly, the goals have to be realistic in achiev...

Business Planning - Bridging the Gap

September 21, 2019

Once you’ve established where your business is now and secondly, where you want to get it to, you need to sit down and work out how you’re going to bridge the gap between the two. If the gap is large, it may seem like where you want to get to is just too hard to reach. T...

Break-Even Point Analysis

June 25, 2019

The term “Break-Even Point” refers to the level of sales necessary to cover all expenses i.e. the point of no profit or loss. To calculate this, you need the following: Your expensesYour salesYour gross profit percentage which is your gross profit (sales less your cost o...

How to Set Your Goals Part 2

June 1, 2019

Basically, a good goal comes in a format of:What do I want to achieve & by when? And to assist you in setting your goals it’s important that you know the SMART formula which will remind you of the important components of well set goals. S is for specific and your goals sh...

Starting a Business Part 2

May 4, 2019

Increase Your Business Turnover and Monitor Your Performance

May 4, 2019

Every business owner needs reliable figures to regularly check on business performance. Collecting data is useful in setting realistic targets towards increasing your profitability in 2015, and gives a baseline for monitoring your business throughout the year. Types of...

How to cope with business competition

May 4, 2019

In the area of business competition there’s one thing I’ve learnt over the 35 years I’ve been at the coalface of advising SMEs and that is, no matter how many other competitors there are in your line of business, you can still be successful if you get your core busines...

How to succeed with cash flow forecasts

September 26, 2018

Preparing an annual cash flow forecast can tell you a lot about your business. It can warn you with plenty of time to spare that you’re not going to have enough cash to survive the next year without getting additional working capital — which is vitally important...

Interim accounts: a vital business tool

September 18, 2018

Your annual financial statements have their uses, but by their very nature, they are far too historical to be of any use in managing or improving your business.The most valuable financial accounts you can get your hands on are interim accounts prepared periodically &mda...

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