As a business owner, you can spend so much time building your company that it's easy to overlook some important factors. One of those is succession planning – and while it may seem like something to worry about in the distant future, if the unexpected occurs (eg: health issues) you’ll be much
A personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment. In other words, it’s a plan that sets out how you’ll spend and save your money. This definition of a personal budget makes three important distinctions: Firstly, this is a personal budget. Its purpose
Was being able to set flexible working hours a drawcard to owning a business? In reality, do you work more than ever, affecting your personal life? Don't despair! Pathfinder Solutions can help you free up time so you can do more of what you love. A key benefit of owning your own
During 2020 and 2021 IRD took a lighter approach to those not paying their taxes but have recently started cracking down on non-payers, with a priority on businesses that have failed to pay their employee deductions and GST. GST, PAYE and KiwiSaver payments will be the first priority Outstanding PAYE and employee
What's the vibe like in your workplace? Is it attractive to potential, new and long-term team members? In this unprecedented recruitment environment, focusing on flexibility, inclusivity, wellbeing, and technology can help you attract and retain talent. With low unemployment, the ongoing challenges of border closures, and increased competition for people, businesses are
Are you looking to grow your business? Pathfinder Solutions suggests focusing on seven smart strategies. The first five increase your sales; the final two reduce costs and improve your margin and profitability. Which of the seven will you target first? Talk to us – and we'll help you get on track. Even
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
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
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
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
