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Risk management

12 Tips to protect your business against volatility in 2012

2011 was a tough year for many businesses, and even if there's a glimmer of hope that 2012 will be better, it might not all be plain sailing. Sue Hirst helps you prepare to cope with the ups and downs.
February 1st, 2012 by Sue Hirst

Beestings: What's threatening your business?

While everything might seem to be going swimmingly in your business, you need to look beneath the surface to uncover and manage risks before they become real problems. This week’s guaranteed-under-two-minute read covers off some potential pitfalls and gives suggestions for how to deal with them
October 25th, 2011 by Bizbuzz Team

Do you know what your managers are signing you up for ?

A general manager of a company who is not a director may still have authority to sign a contract and bind the company to perform a contract so companies must ensure they are aware of what their managers are doing and what contracts they are signing states Allister Doo.
August 19th, 2011 by Allister Doo

How to word the second email reminder of an overdue account

In a previous article Michael Todd explained how to word your first email to a client who has not paid an account. Now, he steps you through the process if a further reminder is needed.
May 30th, 2011 by Michael Todd

Kiwis finding little trademark protection on social media sites

When it comes to trademark protection on social media sites like Facebook, many New Zealand companies are finding there are only the quick, and the dead. Theodore Doucas explains how your trademark could be at riisk.
May 25th, 2011 by Theodore Doucas

How to word the first email reminder of an overdue account

Debt collection can be tricky. You want the money you are owed, but you don't want to alienate a client. Michael Todd says the trick is to start softly and toughen up later in the process. He shows you exactly how to go about your first reminder.
May 12th, 2011 by Michael Todd
5 Comments

Get it in writing

If you've got a debtor who just doesn't seem to get around to paying that outstanding account, Michael Todd has some advice for you.
April 28th, 2011 by Michael Todd
1 Comment

Always chase new debts first

Cashflow is king, and getting slow payers to cough up is an important part of keeping your business running smoothly. Michael Todd explains why, contrary to popular opinion, when customers default, it's the newer debts you should chase up first.
April 7th, 2011 by Michael Todd

Beestings: How well do you manage your risk?

The biggest risk to your business may not be the most obvious; tools and resources to identify and manage business risk.
April 5th, 2011 by Bizbuzz Team

What your small business needs to know to manage risk

Recent major events including the devastating Christchurch earthquake have had a dramatic impact on many small and home businesses. While many of the losses relating to these events are covered by insurance, the bigger risks to businesses are the less obvious risks that are not claimable through insurance policies. Risk management for your business is more important now than ever before.
April 1st, 2011 by Sue Hirst

How people avoid paying GST: the cashie method

Sweat breaks out on your forehead. You know that insurance people are trained to sniff better than bloodhounds. “Oh, I’m sorry, I really can’t remember, I’ll have to get back to you” you whine quietly.
March 3rd, 2011 by sanjesh lal
4 Comments

Legal relief under Loan Agreements for Earthquake victims

The Christchurch Earthquake has had a devastating effect on the citizens of Christchurch. One area where the law might help is the ‘unforeseen hardship” provisions that may apply to provide some relief under loan agreements and other credit contracts states Allister Doo.
February 28th, 2011 by Allister Doo

Liability of trustees under contracts

The use of trusts in New Zealand is widespread but many trustees are not aware that their personal assets may be at risk when they enter into contracts cautions Allister Doo.
November 26th, 2010 by Allister Doo
1 Comment

Earthquakes and risk management

There’s nothing like being in a major earthquake to focus the mind. The most basic instinct to kick in is personal survival then concern for the wellbeing of family, friends, neighbours and the safety of homes.
October 6th, 2010 by Sue Dwan

When a Memorandum of Understanding is better than a legal agreement

It's important to get the details of a deal tied up in a legal agreement - but if that's going to be a deal-killer before you've even nutted out the finer points, Michael Smyth has a solution.
October 1st, 2010 by Michael Smyth

Getting ready for investors: considerations for inventors and small business

Many inventors become so excited about their innovations that they enthusiastically rush forward without considering factors affecting successful commercialisation. Whether you intend to sell your idea to someone else, or seek an investor to assist in commercialising your innovation, there are some things you should and shouldn’t do.
September 14th, 2010 by Antonia (Toni) Sims

Christchurch earthquake: advice for employers

In the days following the earthquake, many Christchurch business owners will be coming to terms with what remains of their business and have questions. This article answers some of the more common questions that may arise.
September 7th, 2010 by Michael Smyth

How to stop customers delaying payment

Good terms of trade are all too uncommon in the small business sector, but they can make the difference between whether you get paid in a timely fashion or not. Sue Hirst has some practical advice to help you tailor effective terms of trade for your business
August 13th, 2010 by Sue Hirst
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Are you protecting your most valuable asset?

Your ability to earn an income may well be the most valuable you have. Mark Jory suggests all self-employed people should look carefully at their options to secure it.
August 11th, 2010 by Mark Jory

Negotiating a guarantee agreement

Providing a guarantee to a lender or creditor, whether for your own business or on behalf of someone else, can be riskier than you realise. Michael Smyth shows you how to limit that risk by negotiating appropriate terms.
August 9th, 2010 by Michael Smyth