Published 3rd December 2018 by www.momentumfinancial.co.nz
In 2006 ACC research showed that, of all the businesses that ceased trading, 67% did so because of illness or injury to a key person in the business. What that says is too many businesses are not applying a “risk management plan” across all aspects of their business.
Putting an effective plan in place requires a relatively small commitment by owners in time but can be instrumental in ensuring the continuity of a business following the temporary or permanent loss of a key person or owner.
Published 3rd December 2018 by Anonymous
Do I have what it takes?
Running your own business can mean long, unpredictable days, with little respite until you start to make a profit. Reaching that milestone can take years.
You’ll need to be:
Passionate: If not, you’ll find it hard to keep going when you hit a hurdle.
Prepared to make sacrifices: You’ll have less money to spend and may have to give up hobbies and social activities, at least while the business is getting up and running. Make sure your family is prepared for changes, too.
Published 20th June 2018 by McDonald Vague Limited
1 Accounts Receivable Process - A poor accounts receivable process will result in debtor days (the time between billing and banking) being too high. This will stifle your cashflow.
Published 21st May 2018 by RSM New Zealand Group
It is common in New Zealand for the directors and shareholders of small companies to be the same people and many are also employees of the company – executive directors.