72% of Australian and New Zealand SMEs surveyed in William Buck’s Exit Smart Report 2023, expect to exit the business in the next 10 years. However, 64% of owners haven’t had their business valued recently. We hear a lot of people say they would like to sell at some point, but don’t know where to […]
How to get your business ready to sell Read More »
When you have access to detailed forecasts you can scenario-plan, search for cost-savings and look for strategies that will preserve your cashflow position. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take
7 Ways To Get More From Your Forecasting Read More »
If you’re a small business owner in New Zealand, you likely understand the importance of having a cash reserve. While financial advisors often mention the term, the process of building a cash reserve for small business owners might seem challenging. Cash flow problems can arise unexpectedly, often due to factors beyond your control. However, a
The Small Business Owners Guide to Building a Cash Reserve Read More »
When you’re selling your business, the information or sales memorandum drives the start of your sale process. It is key to motivating a buyer to the next stage – signing a contract subject to conditions and conducting due diligence on your business. While presenting your business in the best light, it must be grounded, easy
Selling your Business. Is it market ready? Read More »
The beginning of a new financial year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement. With a new financial year beginning on the 1st April for most NZ based businesses, this is a great
Business Goals for the New Financial Year Read More »
Are you heading away for a break from the business this year? This time of year can be hard on small business. Your expenses continue and your cashflow can suffer when your debtors go on holiday. Leading up to the holiday period, is your business cash flow in good health to carry you through? With
Holiday cashflow for your small business Read More »
Love it or loathe it, Black Friday and Cyber Monday (BFCM) sales are mere days away with some retailers starting their sale period early. While it’s tempting to jump on the bandwagon and discount everything in sight, you’ll need a solid BFCM discounting strategy. Think about: The following discount strategies are designed to make your
Can ‘Black Friday thinking’ hurt your business? Read More »
How do you manage risk in your business? As a business owner you are constantly assessing and managing risk, balancing likely costs against potential profit. If anything major happens, do you have a plan in place?
Risk Management – what’s your plan? Read More »
If you’re a company director, you have legal and ethical duties and some important tasks to attend to. If you’re new to leading and overseeing a company, start with understanding your role. Being a good director can help your company run well, achieve its goals, and maintain a good reputation. As a company director, you
Directors: Know your Role Read More »
Whether you’re applying for government subsidies, taking out a business loan or seeking investor support, you need to be able to demonstrate your ongoing viability as a business. To prove this viability, it’s important to have the right financial information at your fingertips. This information is also just as important for your own internal planning
Proving your business viability Read More »
