If financially things aren’t looking that great, you may be considering declaring bankruptcy. Making your debts go away may seem like the obvious solution, but there’s a lot to consider before you do. While bankruptcy can clear your debts from the time you lodge a debtor’s petition with the Official
If you sell or make products then you’ll likely have stock on hand or work-in-progress at year end. In order to get accurate figures for your tax and annual financial statements, you’ll need to know the value of this stock. This means you’ll need to do a stocktake. The end
As a small business owner, it’s tempting to try and do everything yourself. You really can’t wear every hat in your business and give each role the professional attention it needs. One of the best things to outsource is your bookkeeping and business admin. This is a technical and time
We’re all looking for effective ways to reduce business expenses, save money and increase our profits. We’ve also all got our own ideas on how to do so. Every business will have expenses that must be budgeted for in order to help it run smoothly. Depending on your industry, those
You’ve got a business, so you need to post on all of the social media platforms, right? Wrong. In New Zealand, the four main social media platforms used are Facebook, Twitter, Pinterest and Instagram (Social Media Stats). This doesn’t necessarily mean they should be your default platforms though. Picking the
If you’ve been waiting for a sign telling you it’s time to smarten up your financial literacy knowledge, this is it. Financial literacy, or the skills and knowledge to make informed decisions about money. What is Financial Literacy? Being able to set and keep to a budget Understanding how different
Outsourcing. Does it sound such a scary word to you? For many new and small businesses, the answer is a resounding yes! Outsourcing involves paying someone to do something related to your business. If cashflow is short or you struggle with the thought of others doing something for your business,
Is business insurance really necessary? If so, what types of insurance might I need? These are two questions business owners often ask, especially if they are just starting out. Business insurance can seem like an unnecessary expense, especially when things are financially tight and profits are small or non-existent. We
Thinking about hiring your first employee? Reaching a point in your business where you need an extra pair of hands is a milestone to celebrate. It is also a time when you recognise that in order to grow your business, adding new team members follows along naturally. Before you start
Welcome to the world of business finance. Full of tempting offers and lots of promises, applying for business finance seems to be exactly what every self-respecting business should do. But is it? In this beginner’s guide to business finance, we look into your options for it, what you need to
