Being a business owner can be a solitary job. You’re the one who has to make the decisions and who is accountable for the effect of those decisions. At the end of the day, the buck stops with you.
This kind of responsibility can leave you feeling lonely, tired and harrassed - and often scared and confused as well.
The ability to bounce back after a difficulty is often what makes the difference between a business with longevity, and one that folds when it runs into the first hurdle. This week's guaranteed-under-two-minute read has tips and tricks to help your business weather any storm.
If you are a director or thinking of becoming a director of a company then you must ensure you are fully aware of your duties and your potential liabilities. As seen in some recent cases involving failed finance companies, directors might even face fines or jail terms for their actions.
For most people this is not the first step in their business. But if you recognise that you're business is not really going anywhere, this should be the first step to getting it sorted. Best of all, it's relatively quick and painless - although it might hurt your brain trying to summarise what your business is really about.
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 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.
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.
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.
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.
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.
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.
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.
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