How Rugby Can Improve Your Business

I was recently reading an article written by Nick Farr-Jones and realised that much of what he was saying about rugby is also very relevant to running a successful business.

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What's the One Overt Message?

Posted March 11, 2011
Pathetic as it may seem, we've never made a pull-up banner for the business.   The main problem has always been "What's the message we want to convey?"   and "What will this be used for". Being cost conscious accountant (dammit!) we want to get the best bang for our buck.  A one size fits all (but usually nothing) was our thinking.

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Xero. The Future.

Posted February 5, 2011
It's hard to believe that the web has been around for 20 years, but it's only in recent years that technology solutions that are changing the way we do business have been in existence.  Xero has been at the forefront of harnessing the power of the internet to manage financial information, making the process simpler, faster and much more accessible.

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The Idiot's Guide to the Reserve Bank's View for 2011 & Onwards

Posted December 9, 2010
Category Business Growth
You would have seen that the official cash rate (OCR) has remained unchanged at 3%, so it good to know that lending rates won't be changing any time soon.    I attended a breakfast presentation by a senior Reserve Bank manager this morning.  It was off the record, so I won't mention names.  And here's the potted version of their December Monetary Policy Statement, filtered for your benefit.

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What Creates Business Value

Posted November 30, 2010
Category Wealth Creation
I was thinking the other day about the 3 key financial results areas for all businesses - profit, cash and value.  The first two are really easy to work out, but the last one is never apparent from any financial reports – you have to get someone to do the exercise for you.  Further, there seems to be a bit of a myth that valuing a privately owned business only needs to be done when the business is ready to be sold or when a lender requires a valuation as part of a due diligence programme. 

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Don't Let the Buzzards Do you Over

Posted November 22, 2010
Category Wealth Creation
I've had a few discussions in recent days with business owners concerned about their personal liability arising from work that they have done in the past.  The biggest worry is coming from architects who may have been involved in a project 10 years ago, which is now showing signs of not being completely water-tight.  It's not necessarily that there was anything wrong with the work they did. 

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Death of the LAQC?

Posted November 10, 2010
Category Taxation
The draft legislation for the changes to the Qualifying company regime came out on 15 October, and the government is hoping to get the legislation passed before Christmas.  From 1 April 2011, then LAQC’s will no longer exist, so everyone who currently has a LAQC will have to make a decision on how they will structure their operations going forward.

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Hello world!

Posted November 10, 2010
Category Uncategorized

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