What you can measure you can manage Most small business operators are lazy about keeping records to help them improve their business. They’d say they are too busy. If you provide services, you need good time recording to measure your performance. It’s very onerous keeping time records, but if you’re prepared to do it well, it will add thousands of dollars to your profit. You must keep a record of… Read more
Discussions with your bank getting it right to avoid any misunderstandings. Anything you say to a bank can be written down and used in evidence against you. Not by the bank so much as the Tax Department. It is not confidential from the IRD. Always imagine an officer of the department is listening to your every word. You have no control over the notes your bank manager makes of your… Read more
Rising interest on debt can be a curse when running a small business. However, there are some quick and easy policies you can start using to combat interest rate rises. Individually, small steps can add some value to a business, but when combined they can make significant differences. Think of your business like a car in development. Improved aerodynamics, fuel injection and weight loss might separately increase fuel economy, but… Read more