Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.
While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.
Written by Greg Millar on July 12th, 2021.
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Business Plans are like maps for tourists. You need a plan for where you’re going to go, what you want to look at, where you’re going to stay and, if you deviate off track, you need to be able to identify where you are and then navigate to get back onto your original path. Planning a business activity is very similar.
Written by Vanessa Williams on June 3rd, 2021.
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With Google pulling the plug on Cookies, it’s imperative to get on the front foot now. Learn how to provide appropriate transparency into your practices and pivot your business to be prepared for regulatory changes as they come.
Written by Vanessa Williams on November 30th, 2020.
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As accountants, we like our clients to think ahead… even on a 3 to 10-year timeframe. A major part of this is Succession Planning. Where Succession Planning is concerned, clarity brings opportunity… and the risks of “getting it wrong” can be significant.
Written by Greg Millar on August 17th, 2020.
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Managing cash flow is not a financial challenge. It is a business challenge and resilient businesses will base their assumptions on a good understanding of the market, the business goals and business priorities.
Written by Vanessa Williams on March 2nd, 2020.
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Understanding how a customer or prospect VALUES your service is critical to getting pricing correct. Our article details an approach to understanding value and various other important factors to grow the profitability of your business.
Written by Greg Millar on November 4th, 2019.
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Alliotts' Greg Millar and Vanessa Williams were among the 138 delegates from 78 independent accounting and law firms in 38 countries who were in attendance in Madrid for the 2019 Worldwide Conference of Alliott Group, the firm’s international alliance.
Written by Vanessa Williams on September 30th, 2019.
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Most businesses experience significant events such as acquisition, merger, liquidation, IPO, etc. A Management Buy-out (MBO) can be attractive to buyers and sellers who know each other well before the transaction. There are risks and careful planning is required. Our article explores these issues and why having a competent advisor is important.
Written by Greg Millar on August 12th, 2019.
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We stress how pricing is a critical component of a profitable business and the numbers to track while improving profitability.
Written by Greg Millar on August 5th, 2019.
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It's a question many of us will be facing. Perhaps not now, or in the near future. But the opportunity to sell your business may come along, either planned or by chance. Whatever the circumstance, you should be ready. The sale process can be intense and happen quickly so make sure you do it right, cover your bases and prepare for a successful exit. It's never too early to start.
Written by Greg Millar on July 29th, 2019.
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Learn how to track sales opportunities so you can predict new revenue that may come into your business.
Written by Greg Millar on July 3rd, 2019.
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Well-organised businesses conduct financial housekeeping to minimise risk and maximise profits and growth. Use our pointers to help improve your own business.
Written by Vanessa Williams on June 10th, 2019.
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Find out how having a better understanding of your numbers helps you to make better business decisions.
Written by Greg Millar on May 2nd, 2019.
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We explain the role of a Chief Financial Officer (CFO) and why it is important in a business. Best practices in managing your accounting function are listed as well as ideas on appointing a Virtual CFO to ensure strategic oversight of your finances.
Written by Vanessa Williams on March 6th, 2019.
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The quality and relevance of financial reporting influences a manager’s attitude to financial matters. Having a good understanding and good representation of the numbers helps improve decision making and boost business performance.
Written by Greg Millar on February 20th, 2019.
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Should you abandon all your sales efforts, forget about customer service and just focus on selling to customers? Absolutely not! But you should have a handle on the data. It will probably reveal that there is at least SOME opportunity to grow revenue through your EXISTING customers.
Written by Greg Millar on February 11th, 2019.
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In 2019 we encourage and help our clients to take the time to do some serious planning using these simple ten steps.
Written by PANALITIX on January 21st, 2019.
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When it comes to marketing your business, have you thought about where and when your target customers will consume your content? And what you want them to feel?
Written by Vanessa Williams on January 16th, 2019.
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If you want to build a great business, you need to set challenging goals and engage in calculated risks. To be more effective, you should set specific, measurable, audacious yet realistic, and time-bound goals. Learn a better approach to planning and setting business goals.
Written by Greg Millar on January 14th, 2019.
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Happy New Year! Although many do possess business skills, financial acumen is rarely high among them. In this article, we list three common financial mistakes that we observe frequently.
Written by Mike Barnes on November 26th, 2018.
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Jack and Dianne earn a comfortable income from the business but are concerned that things have struggled to grow in the last 18 months. Read guest blogger Mike Barnes' take on their situation.
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