Bizdom Triumphs at The Gap Re.Union 2024 Conference!
The Bizdom team has returned from The Gap Re.Union 2024 Conference with a collection of prestigious awards that recognize our dedication, excellence, and impact in the world of business advisory.
Why Cash Flow Forecasting is Critical
Businesses of all sizes are facing a multitude of challenges of challenges right now due to the increasingly tight economy and reduced spending. With dropping sales and rising costs hitting everyone’s back pockets, the ability to maintain financial stability is more critical than ever.
Remembering Our Purpose in Life
When my days are up, if there is to be any judgement about why I’ve been here, I want the most important reason to have been about family; what I’ve achieved as a husband, father, grandfather (but not just yet thanks very much!!), son, brother and all other extended family roles. In the end that is why we are here on this earth.
Bright-Line Test Changes: What you need to know
In case you missed it, one of the biggest changes happening for property owners and investors this year is the update to the Bright-Line Test for residential land. Starting from 1 July 2024, the Bright-Line Test for the sale of "residential land" is undergoing significant changes. The test period is now reduced to two years for residential property transactions.
Profit vs Cashflow: Strategies to control your $$
There is a massive difference between profit and cash. Let’s explore the differences and make a better plan to increase both…
Cash is NOT equal to Profit
Have you ever sat in a meeting with your Accountant and been told you how much profit you’ve made but thought ‘So where is all the money then?’. You may even have been congratulated on your lift in performance but in the front of your mind, you’re wondering how you’re going to make payroll tomorrow.
Putting the Spotlight on Cashflow Management
As the summer holidays quickly become a distant memory, small business owners across the country are facing the challenging task of managing their cashflow amidst multiple tax payments due and the cost of trading through the summer holiday period.
Getting Your Life Balance Back
As the year draws to a close, it's time to reflect on the incredible journey we've all experienced in business this year. Undoubtedly, it's been a rollercoaster ride filled with challenges, triumphs, and discovering your path to success.
The Power of Accountability: How to walk the talk
Running a small business is no small feat. It takes passion, dedication, and a vision for success. While many factors contribute to the growth and prosperity of a business, one often underestimated and undervalued factor is accountability.
The 10 Hats Organizational Structure: A Blueprint for Business Success
In the ever-evolving world of business, finding the right organizational structure can make a significant difference in achieving success. One innovative approach gaining traction in recent years is the "10 Hats Organizational Structure."
Introducing the Identity Iceberg: Revealing Your Business's Core Values
Let's delve into the fascinating concept of the Identity Iceberg—a tool that has been crafted to help guide you in uncovering your business's core values in a friendly, yet professional manner.
Essential Numbers for Your Business
When you can effectively understand the numbers in your business then you will be able to read the story these numbers are telling you.
Mid-year: Which Half is Your Glass?
June is a great time to reflect on how your year is going. Are you achieving your goals? Feeling motivated? Happy?
Or are you worn down, distracted, or feel like you’re falling short?
The Power of a Business Planning Focus Group: Transforming Business
In today's competitive marketplace, business owners and managers are constantly striving to stay ahead of the curve. Successful companies understand that both internal & external knowledge plays a pivotal role in shaping effective strategies and growing a successful, profitable business.
Reminder of Minimum Wage Changes
As from 1st April 2023, the NZ minimum wage rates increased and we want to ensure all our business owners are running smoothly with this change. Following is the summary as published by Employment NZ and shared in a recent enewsletter.
Get Ready for the New Financial Year
It’s the end of another financial year so now you need to make time to gather the records together for your Bizdom client manager to prepare your accounts. Ensuring that your records are complete can reduce the time we spend preparing your accounts.
Support with Business Interruption
We are now up and running, and able to support our clients where possible. If you need support with getting short-term working capital through a business interruption insurance claim, please get in touch. We can help with this.
5 Ways to Manage Your Cash Flow to Stay in Business
Cash flow is the money that flows into your business on a regular basis. The more you have on hand, the longer you can go before needing to take out a loan or sell something to bring in more funds.
GST 2023 Special Alert
New rules on GST invoicing apply from 1 April 2023. These changes have been designed to upgrade invoicing rules in place since 1986, based on paper-based record-keeping systems.
Mark’s Picks - Suggested Reading List
Mark is often recommending books to clients looking for some extra inspiration, guidance or keen to learn more in between our coaching sessions. You can find this selection through most good bookstores plus some are available on Kindle or as audio books.
