2020 is looking like an exciting and successful year for so many businesses out there. However, for many, the challenge may not be in simply succeeding but in sustaining that success and thriving through 2020 and beyond. Before we jump into sharing our tips with you on how to create a great plan, it’s important […]
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This isn’t typically a place where you will find a lot of wastage. Our experience is that business owners are very careful about managing their expenses, and the smaller the business is, the truer that statement is. Having said that, as a business grows, so do the layers of hierarchy. Management control can deteriorate, and […]
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Your gross profit margin is what is left from your total sales after variable costs are deducted. For example, if you are a retailer and your sales in a given period are $1,000,000 and the cost of the goods you sell in that period is $650,000, then your gross profit margin is $350,000, or 35%. […]
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Often a reduction in interest charges as well as significant cashflow improvements can be achieved with a regular review of existing debt. A good place to start is to list all bank loans, mortgages, finance company loans, hire purchases, credit card debts, and any other debts (don’t include amounts owed to suppliers in this list). […]
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The Bizdom Hawke’s Bay team is all set for their big move into the magnificent Maritime House building in Napier, and the realisation of a business dream for CEO, Mark Greer. Originally established as a boutique Chartered Accounting office based in a shared office space in Napier, Bizdom now has a large Hawke’s Bay client […]
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To our extended network of clients, family and friends. We will remember these times in March 2020 as the month when the world changed. We are experiencing unprecedented disruption and change all around us. Our message to you is stay strong. As a business owner and leader, our people look to us for signs of […]
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