The most important step in taking control of your business performance is to understand your numbers. Imagine you are a Doctor and your business is your patient. The financial reports give you the symptoms of the good or poor health of your business. Having a good understanding of the reports enables you to pinpoint
With the end of this financial year fast approaching, there are some things you can do to potentially save yourself money (ie tax)! Check out our top tips below to make sure you're prepared! 1. Record Revenue in Advance Have you invoiced for work pre 31 March that won’t be finished until after 31
You’ve probably heard the expression, “The definition of insanity is doing the same thing over and over again and expecting a different result.” And yet, we see it year after year, business owners starting the new year without a plan or a destination in mind. If you’re a business owner it’s a common ailment
The arrival of Coronavirus, or Covid-19 (as it is now called), has brought a level of uncertainty that is unprecedented in our lifetime. It seems the virus is here to stay and what we now need to do is figure out how to live on Planet Earth alongside Covid-19 and any other infectious disease
In February 2020, Pathfinder Solutions appeared at the Business Expo on Auckland's North Shore. We featured our Smarter Business Programme in which we work alongside Business Owners to help them build the business they dreamed of. The Smarter Business Programme offers help and advice either One to One, or in a Group of like-minded Business Owners. Congratulations to
One of the top ways that Business Owners can free up time is to delegate effectively. Delegation doesn’t mean abdicating responsibility. Abdication looks like this: Issuing the task to anyone and forgetting about it Giving unclear or too little information Not asking if you were understood Not setting time-frames Not setting clear expectations, or
It’s one thing to learn how to cook, but the real lesson is in the process and the timing. When each of our teenagers turned 14 years of age, they were given the responsibility of cooking for the family one night a week. (Memo to self - should have had seven children). What we're
When planning the growth of your business, it can help to use a framework to give context to your decision making. One such framework (and by no means the only one) is the Ansoff Matrix. Known as the father of strategic management, Igor Ansoff was a mathematician and business manager. The Ansoff Matrix was
We were privileged to celebrate Kenina Court last night at the CAANZ Annual Fellowship Awards Dinner as she was awarded the FCA (Fellowship of the Chartered Accountants Australia and New Zealand). This is a huge honour and has been described by Liz Hickey, Life Member and former president of CAANZ, as rewarding those who
Everyone knows that each team member should have a job description - it gives clarity on the responsibilities and tasks, and the KPIs and expectations of each role. We can then monitor and measure performance and as the saying goes 'what gets measured gets done'. But too many business owners fail to do the same for their
