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Business Planning

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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...
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Before you come close to signing on the dotted line, there are 10 important factors to consider closely, writes accountant and business advisor Nick Roberts.Starting a business from scratch and going without income in the initial period can be a daunting prospect, so it’s ...
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From figuring out what you do to goalsetting – here are your top priorities to help you hit the ground running. Starting and running a successful small business can be the most amazing opportunity to gain independence and build wealth, yet it can be very risky because of t...
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How to Exit Your Business

November 7, 2020
I meet many business owners who haven’t given a lot of thought to what their longer term plans are. Often they are continually bogged down in the daily routine and don’t take the time out to plan for the future. When I ask ‘what do you want to be doing in 5 to 10 year ...
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In 37 years of advising new business owners the biggest single mistake that I keep seeing is to start a new business without having enough working capital to see them through to when the business is better established. The best form of working capital is cash in the bank. Bo...
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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...
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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...
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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...
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Selling a Business

May 4, 2019

Business Structures

May 4, 2019
Your business structure should take account of the following factors: Risk. Business is a very risky place and your business structure should minimise risk as much as possible. Often ignored until it’s too late e.g. when the GST or rent is months in arrears! Practicality. ...
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