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Most business owners spend their days working in the business; serving customers, managing staff, responding to emails and solving day-to-day challenges.
Finding time to step back and work on the business is often much harder.
Yet it's often these strategic conversations that make the biggest difference over time.
Take an hour this month to ask yourself:
- Are my prices still appropriate?
- Which products or services are most profitable?
- Are there opportunities to improve efficiency?
- Is my technology working for me?
- What are my biggest business goals over the next 12 months?
Even a small amount of dedicated planning time each month can help your business grow stronger, become more profitable and better prepared for future opportunities.
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Accounting Basics: Balance Sheet Reports
Understanding your finances is a vital part of running your business. But getting down into the nitty gritty of the entity's accounts isn’t every entrepreneur’s top skill. If you are new to accounting, or simply want to expand your knowledge, we can help explain the foundational reports. The balance sheet...
Halfway through calving – is your budget still on track?
With calving underway and spring approaching, now is a good time to review how your actual spending compares with your budget and update your cashflow forecast. Consider upcoming capital purchases, revisit your goals and make sure your plans still support your farm’s long-term objectives. Small adjustments now can make a big difference later in the season. As a Platinum Figured Partner, MBS Advisors can also help you simplify budgeting and forecasting with Figured.
Are New Zealand’s Interest Rates Set to Rise?
New Zealand’s economy is running hot at the moment. This is due to New Zealander's spending more money at home and still having a strong export sector, especially the dairy industry. Growth is strong, but the pandemic is still with us and still impacting financial markets. The Government and Reserve...