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When things go bad

Bullies in business

You finally made the gutsy move to run your own business. You are the boss, you make the decisions, right? Not necessarily, there is always some bully who will try and throw you off your throne. Here is how to deal with them.

Do you use this smart little strategy to create a better business and a better life?

Do you want to make more money in your business right now? Do you want more time to spend with your family? Do you want to take more overseas trips or have 3 months off work? Do you want to follow your passion but don’t know how? Kim Baird shares her strategy for success.
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Put the squeeze on your debtor without hurting the relationship

Sometimes you really, really need an overdue account to be paid, but are afraid putting pressure on the debtor could sour the relationship. Michael Todd suggests there is another option.
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Beestings: Stop waiting for the upturn and make it happen

If, like us, you’re getting tired of waiting for the economy to pick up, and want to take recovery into your own hands, we’ve got some tips and tools for you in this week’s guaranteed-under-two-minute-read.
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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.
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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.
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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.
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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.

How to get free credit without burning bridges

When you find yourself with more bills than cash to pay them with, Michael Smyth identifies some useful options you can use to throw your business a lifeline and ease the cashflow.

Listen to your gut feel

When a business is headed for trouble, often the owner knows deep down - but as Sue Hirst's tale of woe shows, it's important to listen to that nagging doubt and seek help early. She draws some lessons from one owner's sad experience.

Make that phone ring!

Your phone is not ringing as much as before, companies are taking longer to reach a buying decision and referrals are slowing. Combine this with poor time management and what do you have? Disaster.

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.

Can your business rise again like a phoenix?

If you are trying to restructure your business to keep it going or give it a new start then you need to keep in mind the ‘phoenix company’ provisions. Allister Doo explains.

Bankruptcy

None of us likes to consider the possibility of bankruptcy - but if it's the only way out of a sticky situation, what is the process, and what are the implications? Murray McLean gives a broad overview.