Risk Management – what’s your plan?
How do you manage risk in your business? As a business owner you are constantly assessing and managing risk, balancing likely costs against potential profit. If anything major happens, do you have a plan in place?
How to make the best of an economic slowdown
Tips from Philippa in an economic slowdown As we continue through this quarter, it’s good to remind ourselves that even though we are in a middle of this economic slowdown, there are things we can do to make sure we come out on the other side better off. It won’t be like this forever! Your …
How Healthy is your Business?
Let’s look beyond the numbers by taking a holistic approach to your business health. By looking at few factors you can identify areas of strength and uncover opportunities you may have previously overlooked.
How to manage a downturn in business
and emerge stronger on the other side A recent opinion piece in the NZ Herald said Inflation was likely to stick around for a while. Economists have different forecasts about how long it will remain high, which doesn’t help business owners one bit. During a downturn, it’s crucial for a business to take action to …
So, How’s Business?
How your Pipeline can help you answer this question. If you’ve ever been asked “How’s business?” you’ll know that simple question can get the heart pumping. If you dread answering this question, you need to look at your sales pipeline. If you don’t have one, here’s why you need one. Your sales today are the …
Understanding Lead and Lag Metrics
While we don’t have a crystal ball to look into the future of our business, we can look at certain metrics to give us an indication of future performance. These are your Lead and Lag metrics that provide insight into the future and past performance of a business, respectively. Once you understand the difference, you’ll …
The perfect time for planning
Stuck in lockdown and feeling frustrated? It could be the perfect time to do some planning. Having a plan, or just a couple of goals, can help you make better business decisions and sort out your priorities.
The 12 Days of (Business) Christmas
We usually like to send out our 12 Days of (Business) Christmas at around this time each year. The 12 tips below are still relevant and are timely reminders of things employers and business owners need to plan for – especially taking time out for yourself!
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, that limits the insights you can achieve into your business. With a backward-looking ideology, it becomes difficult …