business health

Key techniques for improving payment terms

Late payments to Kiwi small businesses are on the rise, putting additional pressure on your small business cashflow and ability to cover your expenses. According to recent research by Pin Payments, the average number of days outstanding for invoices stands at a sluggish 38 days, causing major cashflow issues for many smaller businesses. Here are […]

Understanding your revenue drivers

For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue levels will be. But […]

The Value of Cashflow Forecasting for Your Business

Projecting your cashflow pipeline forwards is vital. To be able to navigate the future path of your cashflow, you need to start forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash position. Plus, when you have access to detailed forecasts […]

Just Breathe – how to cope when the heat’s on

It’s not always easy to keep your cool with unhappy customers. Take a minute. The best result is for you and the customer to feel okay with the outcome, for onlookers to see you and your team are professional, and for the customer to tell their friends how well you responded. Focus on your endgame. […]

Following up on invoice payment in a down economy

It can feel challenging to chase up payment of invoices when the economy has been down, but it is important to keep cash flowing into your business so you can cover expenses and meet your obligations to others. As with all dealings in more difficult times, some empathy and a lot of open communication can […]

Avoid a cash flow crisis with these simple steps

Managing cash flow is crucial for small business owners. Even if your business is profitable, poor cash flow management can create significant challenges. In this guide, we’ll share practical tips to help you avoid a cash flow crisis and ensure your business remains financially healthy. Understanding cash flow Cash flow refers to the money moving […]