Financial Planning
We’re All Feeling It: Managing Cashflow in Tough Economic Conditions
Right now, it’s fair to say we’re all feeling the pressure. Across New Zealand, businesses are navigating slower sales, rising costs, and ongoing uncertainty. You’re not alone in this – these challenges are widespread, and small businesses, in particular, are often the most vulnerable. The reality is, even when revenue slows down, the bills don’t. […]
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Why Every Small Business Should Have a Forecast or Budget
Running a business often feels like steering a boat through changing weather. Some months the wind is behind you, and other times the conditions are much tougher. One of the best tools you can have on board is a forecast or budget. I recently completed my own forecast for the year ahead, and I’ll be […]
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Service-based, wholesale, or manufacturing businesses can face declines in orders just when holiday pay, bonuses, and annual shutdowns see expenses rise. Worried about the summer squeeze? Try these. 1. Forecast to February Projecting your income and expenses well into the new year helps you spot potential shortfalls and take action before they become problems. 2. […]
How to Get Paid Faster and Keep Cash Flowing
If you’re running a small business in New Zealand, chances are you’ve felt the sting of late payments. You’re not alone — a recent survey from payment provider GoCardless found that 62% of Kiwi businesses believe they’re losing money to late payments, with some estimating losses of over $10,000 a month. Late payments aren’t just […]
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How to use forecasts and scenario-planning
For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, this limits the insights you can achieve for your business. With a backward-looking ideology, it becomes difficult […]
Get in control of cashflow
It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position – giving you the liquid cash needed to trade, improve and grow as a business. But if costs start to outstrip your income, that […]