Income

When all is said and done, the reason we are in business is to make money - though when, how much, how we do so, what we do with it and how we manage it all is something that varies hugely from business to business. This week's guaranteed-under-two-minute-read has tips and tools to help you get a grip on some of the money issues in your business.

(Newsletter)

Hand holding coins
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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Maze
Most small businesses are losing an astounding amount of business, and are sitting there scratching their heads wondering why the sales just aren’t coming in. Read this article to find out the one thing you can do for your business to turn this problem around .. FAST!

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If you're already working as much time as possible in your business and are finding it hard to up the revenue, Tom Poland suggests three strategies which will help get you to the next level.

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Freeimages.com/Chris Worfolk
CFO stands for Chief Financial Officer. It’s a term used mainly in larger businesses, but is just as relevant to smaller business, in that someone has to do it irrespective of their job title. It’s often the business owner or a family member.

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Clock
How much time are you forgetting to bill? How many clients do you work for, for less than your hourly rate? Why are you working so many hours yet seem to have less revenue to show for it than you expect? Tracey D'Aviero shows you how to keep track of your time to make sure you're accounting for all of it.

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Taking on big businesses head on is not necessarily a winning strategy for smaller outfits. Instead, it can pay to carve out a niche and make it your own. Riki Trafford has some tips.

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The great thing about a small business is that if you decide to do something, you can - usually straight away. Identifying areas which need improvement, and doing something about them, often also has fairly immediate results. In this week's guaranteed-under-two-minute read we've got tips and tools to help you quickly take your business up a notch or two.

(Newsletter)

Rollercoaster
Do you have lots of business one minute and none the next? This is a typical home or small business scenario, and one that can be stressful especially for those new to the game. Here are some tips to help you cope - and even make the most of it.

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Calculating income and expenses
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.

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Sarah Lochead-MacMillan

As a small business owner you are often the top sales person in yoru company. You need a result every time nd need to maximise your sales approaches to prodcue the best results.

1. Do your homework

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snail
Has reality started to set in after the holidays and are you finding business more sluggish than you would like? Eric Billoud explains why it's happening and what you can do to overcome the issue.

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Image on Bizbuzz
Jesse Best

So lets discuss why creating a merchandise line on its own is severely underutilisng your potential ROI, your direct traffic, and your brand awareness.

If you're reading this, then hopefully you already have a merchandise line, even if it's for promo, or you're thinking of getting something made?

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Watching video marketing on a laptop
Research points to it being the next big thing in reaching your audience. Daniel Daines-Hutt explains why video marketing appears to be the number one choice for smart business growth in New Zealand for 2014.

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People working at a computer
Selling a service is different to selling a product, and Sue Hirst says it can be a lot harder to work out costs and determine pricing. She explains what you should be doing in order to make sure your service business is profitable.

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Help improve your business cashflow with this handy checklist
Cashflow is the lifeblood of your business. Our checklist will help you identify what in your business is having a negative effect on it.

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Improving profit
Use this handy 10-point checklist to make sure you are not leaving money lying on the table - and to take your business's profitability up a notch.

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Image on Bizbuzz
For decades business owners have wanted a magic wand for their marketing: the quick, easy, cost-effective campaign that brings scores of new customers through the door with zero effort and minimal cost. Cornelia Luethi looks at the pros and cons of the latest magic wand - One Day Offers. Should you use them? And if so, what should you be wary of?

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Starting up a business can be hard, and harder still to find sources of finance and cash flow. Every business wants to make a profit, but usually make losses at the start. If the business start-up is structured correctly, it can help turn business losses into a source of cash flow through GST Returns and Income Tax Refunds.

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Cutting costs
Understanding costing is vital if you want your business to grow. Sue Hirst says many small and home business owners are working hard without seeing the results, and she has some tips to help you make your business more profitable.

(Article)

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