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Bookbird Blog

How credit control mistakes could harm your business

[fa icon='calendar'] Mar 6, 2018 9:26:40 AM / by Edwina Fairley posted in business tips

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An important factor that can sink a small business is not being able to get the money you’re owed. You send out invoices and hope for the best, but if clients take too long to pay or ignore you, then you don’t have the cash in the bank when you actually need it.

A credit control process is a way for you to ensure you get paid on time every month. If you’re sending 20+ invoices a month – or you’re regularly getting paid late – you should consider creating a simple policy.

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5 Ways you can save your business some extra money in 2019

[fa icon='calendar'] Feb 28, 2018 11:33:29 AM / by Edwina Fairley posted in business tips

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Creating a lean business in 2018 will have myriad benefits – you’ll have more money available to help you grow, and you may be able to draw out more to enjoy in your personal life. By lowering your expenses and saving money, you help to insulate yourself against fluctuations in the market. It’s a win-win. Contact the team at Bookbird for more money saving tips.

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5 ways you can improve cash flow in your business right now

[fa icon='calendar'] Feb 28, 2018 11:33:07 AM / by Edwina Fairley posted in business tips

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If you asked me what the single most important factor differentiating a successful business from one that’s struggling, I’d shout, “cashflow!” Having positive cash flow enables your business to meet its obligations every month, while still having the funds available to grow and take advantage of opportunities.

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The 3 biggest business growth killers no-one is talking about

[fa icon='calendar'] Feb 28, 2018 11:32:04 AM / by Edwina Fairley posted in business tips

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The goal of any small business owner or entrepreneur is to create a profitable business. One of the best ways to do this is through growth – by scaling the business up, you’ll be able to bring your ideas, products, or services to more people, all while increasing your profits.

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A beginner’s guide to managing your bookkeeping effectively

[fa icon='calendar'] Feb 28, 2018 11:31:08 AM / by Edwina Fairley

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Congratulations, you’re ready to start a remarkable journey! You’re joining the ranks of thousands of other New Zealanders who run their own small business and provide for their families.

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Implementing a new admin process in your small business: our top tips

[fa icon='calendar'] Feb 28, 2018 11:15:30 AM / by Edwina Fairley posted in business tips

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When you move from a paper or spreadsheet bookkeeping system to a cloud-based system, it requires more than just changing where you input information. There’s a whole shift in thinking that has to go on.
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The new business tax option: Pay-as-you-earn provisional tax

[fa icon='calendar'] Feb 22, 2018 8:43:33 AM / by Edwina Fairley posted in business tips

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One of the biggest hurdles small business owners deal with is when and how much to pay in tax. Under our current system, you need to pay provisional tax in instalments throughout the year, based on an estimation of what you will earn (taken from your earnings from the previous year).

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Tips for saving a struggling family business

[fa icon='calendar'] Feb 8, 2018 7:02:00 AM / by Edwina Fairley posted in business tips

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Many of my favourite clients run successful family businesses, where several generations are involved in the day-to-day running or big-picture thinking for a company.

Family businesses are awesome – you get to create and build on something that can be an asset for decades to come, and help each generation 

of your family learn new skills and get a head start in life.

However, there is a flip-side. Family businesses that are deeply entrenched in a family dynamic can run into all kinds of problems. I’ve seen it several times in my years as a bookkeeper. Here are some of the pitfalls to avoid.

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Securing finance to get your small business off the ground

[fa icon='calendar'] Jan 30, 2018 10:37:05 AM / by Edwina Fairley posted in business tips

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“It takes money to make money” is one of those maxims that are touted about in business circles, mostly because it’s true. An idea usually won’t create a business – not without the funds to create a product, start marketing, or reach those first customers.

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Ready to grow your business in 2018? Follow these four key lessons

[fa icon='calendar'] Jan 24, 2018 9:31:00 AM / by Edwina Fairley

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Here at Bookbird, we’re proud to work with both small business owners and entrepreneurs. We love following the success of our clients as they grow their companies and take the world by storm.

While many business owners are happy with the status quo, being an entrepreneur means focusing on growth. If 2018 is the year you’re going to grow your business, you need to figure out what it’s going to take to get from where you are to where you want to be.

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