Productivity

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 […]

Automation can ease your business workload

Many business owners didn’t start their journey to spend evenings chasing receipts, reconciling transactions or managing endless admin tasks — yet for many Kiwi SMEs, that’s become the reality. Research from OnePoll suggests the average owner would need an extra four hours every day just to stay on top of administration, and that constant pressure […]

Should you buy or lease your business assets?

There are certain items of equipment, machinery and hardware that are essential to the operation of your business – whether it’s the delivery van you use to run your home-delivery food service, or the high-end digital printer to run your print business. When faced with these decisions, the question of buy vs lease business assets […]

Can you build a viable one-person business?

The Rise of the One-Person Business A solopreneur running a complete and viable one-person business is no longer a pipedream. Sam Altman, co-founder of OpenAI, recently suggested that a one-person, billion-dollar business could be possible as soon as 2026–2028. With the power of GPT-5 and other generative AI tools, individuals will soon be able to […]

Reducing the uncertainty: performance monitoring and analysis

We’re trading in uncertain times, where changes to the global economy can happen overnight. This creates a real challenge for your small business, making it difficult to plan ahead and understand the short to medium-term future of your financial strategy. But by monitoring and analysing your business data, it is possible to get back in […]

Know Your Numbers – Your Trading Account

Your financial reports depict the general health of your business and having a good understanding of these reports enables you to pinpoint areas that require a more detailed diagnosis. The three most important financial reports for your business are: – Your Trading Account. – Your Profit and Loss. – Your Balance Sheet. Let’s focus on […]