FOOD FOR THOUGHT

Welcome to our blog

Insights and tips that will have a positive impact on your business


Ready to apply for a business loan? 3 Questions to ask yourself

Posted by Matt Smith on December 08, 2016

 

Most successful business owners wouldn’t be where they are today without having borrowed money at some point throughout their journey. Loans often give entrepreneurs the financial boost they need to scale their business and reach more customers. However, for every success story there is a cautionary tale. It’s important to do your due diligence and make sure that taking on debt is the right move for you.

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Topics: Raising Capital

Raising capital? Top tips on how to apply for a business loan

Posted by Fono Sosene on December 07, 2016

Most businesses require at least some external finance to grow, and this is usually obtained from banks in the form of a business loan. While every bank is slightly different and has unique terms and conditions, there are generally two key things that almost every bank or lender will consider before they approve finance.

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Topics: Raising Capital

Investing in your own business: how much is enough?

Posted by Mike Atkinson on December 01, 2016

You may be asking yourself: “how much is enough?” However, this is probably the wrong question. It’s too open-ended; ‘enough’ is such a subjective term. So we ask our clients a different question altogether: “have you invested as much as you can?”

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Topics: Raising Capital

The importance of calculating ROI for business investors

Posted by Aaron Wallace on November 24, 2016

Most venture capitalists and angel investors will expect a minimum of 30% before they even consider investing. Anything less and they may not deem the risk of investing in your business as worthwhile. If you can only offer a low ROI, investors may be better off putting their money in the bank. We’ve outlined a few things you should keep in mind when calculating ROI.

 

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Topics: Raising Capital, Business Growth

Top 5 mistakes people make when pitching a business idea to investors

Posted by Aaron Wallace on November 23, 2016

When you’re trying to raise equity, it’s important to plan for future expansion. Potential investors will want to see that you’re in a good position to grow your business and expand into new markets. The path to expansion will look different for every business, but there are a few mainstays that apply to all industries and common mistakes to be avoided.

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Topics: Raising Capital, Business Growth

The IRD is looking to change the way tax looks for small businesses – be sure to have your say

Posted by Graham Lawrence on July 08, 2016

The IRD is in the process of transforming its operations to make it faster and easier for New Zealanders and businesses to pay the right tax and receive the entitlements they should.

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Topics: Tax

What does a strong balance sheet look like & why is it important?

Posted by Ash Clarke on June 03, 2016

Businesses with strong balance sheets are more likely to survive economic downturns and be ready to thrive when the going gets good again. So what does a strong balance sheet look like, and how can you take steps to strengthen yours?

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Topics: Financial Reporting, Financial Management

The importance of protecting business assets

Posted by Matt Smith on June 01, 2016

When it comes to looking after your business assets, safeguarding against risks is your best protection. Here are five tips to minimise potential risks for everyday businesses. 

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Topics: Financial Management

What is the true cost of external finance?

Posted by Karl Bennett on May 26, 2016

Taking on external finance is a necessity for most growing businesses. However, business owners should have a robust understanding of the pros and cons of external finance before entering into an agreement, and have a repayment strategy in place from the beginning.

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Topics: Financial Management, Raising Capital

Is your business in financial trouble? How to spot the 'Red Flags'.

Posted by Matt Smith on May 24, 2016

Keeping the balance sheet “out of the red” is a top priority for any business owner. To do this and “stay in the black”, it’s important to be regularly scanning the horizon for any signs that you could be heading towards rough financial waters.

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Topics: Financial Reporting

Tax credit available for loss making research and development companies

Posted by Graham Lawrence on April 29, 2016

The Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 introduces new rules that will allow companies engaging in intensive research and development activities to cash out their tax losses for research and development expenditure. The new rules underpin the Governments Business Growth Agenda around encouraging business innovation and recognises that research and development is a key element in this process.

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Topics: Tax

What are the 3 main uses of net profit?

Posted by Fono Sosene on April 29, 2016

How should I spend my net profit? This is a question most business owners grapple with when their business starts to run at a profit.

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Topics: Financial Management