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Cash Flow Goals For Your Business To Grow

Cash flow Cash flow is the amount of money coming in and out of your business. Cash usually comes from selling your goods and/or services. The cash is used to maintain business activities, like paying for materials to make your products, employee wages, rent and other operating expenses.

Cash flow is the main indicator that your business is doing well. That is why many business owners aim to have a consistent positive inflow of cash.

But how do you achieve that?

How do you get more cash coming into your business?

If you are starting a business or thinking of ways to grow your existing one, here are some cash flow goals that you need to achieve to keep money coming into your business. Read more…

6 Reliable Ways to Fund your Business

ways to fund your businessIf you are an aspiring entrepreneur, you often have great business ideas that you want to pursue, such as a franchise, a new product, or a tech startup. Once you have realised the potential of your idea you start to become excited. You even start imagining how it will take form - the business strategy, operations, marketing, logistics, etc.

But your excitement may die down, as you come to realize the biggest question when starting a business.

"How and where do I find the money to start?"

Money is the life blood of business. If you don't have enough capital, you will have a hard time getting started.

Good thing there are options out there that you can investigate if you are looking for ways to fund your business. As a mentor and business advisor in Auckland, New Zealand, we have suggested some of the various financing options, including the pros and cons of each option to help you. Read more…

Business survivalThe business industry is very competitive and unpredictable. Your business may be booming one day then the next day it isn't. There are many factors that can affect your stability including the economy, politics and technological advancements.

In New Zealand, about 10% of all small businesses fail in their first year of operation, while a significant number (70%) will fail in their first five years. Some of the most common reasons why businesses fail include poor management, sloppy records, too much or too little stock, failure to plan, misuse of time, neglecting marketing, and general management incompetence among others.

That is why business owners need to have a solid business strategy to help them stay on track and not get lost along the way. Read more…

Business StrategyWhen starting a business, it is important that you have a roadmap to guide you. The business industry is very competitive and if you don't have an idea of what to do or where to go, you can easily get lost along the way. So whether you are starting a new business or planning to grow and expand your existing one, it is essential that you have a business strategy to focus your activities.

But how do you create the most effective strategy for your business?

Here are the steps that you need to consider: Read more…

Looking for a smarter and faster way to manage your business financial transactions?

Then you should work in the cloud!

If you are using small business accounting software that is not in the cloud, you are missing a lot of opportunities. Using traditional accounting software can take much of your time, often needs regular updating, has limited access, can be costly, and is sometimes not secured.

But when you use cloud accounting, many of these problems are solved. Cloud accounting is very cost-effective, scalable and easy to use. 

Not convinced?

Watch this animated video to find out more about the benefits your business will get once you use cloud accounting.  Read more…

Buying a businessAfter understanding the business acquisition process, preparing the projected costs and expenses and creating the business and marketing plans, it is now time to understand some of the key legislative requirements businesses and their owners must comply with.

Whether you are starting a business from scratch or have acquired an existing one, as a business owner you need to be aware of the legal environment you are operating in. Here are some laws you may need to know about so you can legally operate your business, regardless of what line of business you are in: Read more…

Creating a Marketing PlanIn our previous blog discussion, we talked about how to write the important components of an effective business plan. Now that you have a strategic plan for your business, it is time to introduce your brand to the market.

The next important step is to create your marketing plan.

We have invited Jo Martin, Marketing Manager for Paul Martin Chartered Accountant Limited to answer some of the many questions you may have and to give us some tips on how to create the most effective marketing plan for your business. Read more…

Buying a businessLast time, we discussed the key establishment costs and expenses when purchasing an existing business to set your expectations of what you are about to spend.

Now, once you've successfully purchased the business, you need to create or structure a business plan that will help you sustain it and facilitate its growth.

As business advisors and Chartered Accountants in Auckland, we specialise in providing business strategy advice to people who are starting a business or purchasing an existing one. We help them understand that business planning is not just to raise finance but also the blueprint for the business' future.

So, what are the components of a detailed business plan? Read more…


Start up costsPreviously, we discussed things you need to know when starting the process of buying a business to prepare yourself and set expectations. Today, we will discuss one of the most important parts of this process – start-up costs.

As consumers, one of the things that really matters to us when making a purchase is the cost of the product or service. We want to know the price so that we can analyse our capacity to buy and if the price is reasonable for the item being sold. We can also use this information to make comparison to other products and services. And once we make the decision to buy, we make necessary adjustments to our budget.

When clients come to us for business advice in regard to purchasing a business, we help them to break down all the costs and expenses involved in the transaction. As a trusted business advisor and Chartered Accountant in Auckland, we discuss with them the importance of various costs and the benefits of having them. Read more…

Ever wonder what successful entrepreneurs have that made them so good at what they do?

Successful entrepreneurs are just ordinary people. They live and breathe in the same world just like the rest of us. The only thing that makes them different from the rest is how they cultivate and live on positive values and habits. And these positive values and habits are not that difficult to achieve. In fact, with the right mindset and discipline we can also do what they are doing and potentially achieve success in everything that we want to do.

So, want to know what these simple habits are that make these entrepreneurs successful? Here are some of them: Read more…

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