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 […]
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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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 […]
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You keep your system firewalls current with regular updates and a switched-on IT provider. What about the human factor? Scammers using social engineering can fool business owners and employees into revealing key business data. Just as people become wise to one technique, scammers develop another. They rely on people being friendly, helpful or naïve. Raise […]
Everyone’s talking about the artificial intelligence chatbot ChatGPT. ChatGPT is a fantastic free tool. But there are some things to watch for. DO Use it to check your emails and letters: sending an important email to a client or business partner? Use ChatGPT to create a draft and check your finished content. Ask the chatbot […]
Read More… from Digital Snapshot: The do’s and don’ts of ChatGPT
Starting a new business is exciting, but it also comes with its fair share of responsibilities. One of the most critical responsibilities is maintaining accurate records of your business transactions. From saving receipts to processing employee payroll, every money-related detail should be documented. It’s not just about keeping things tidy; it’s about understanding the financial […]
Read More… from Essential bookkeeping practices for start-ups