Why you need a Business Plan

Success is about planning.  We want to help you achieve success.

Our Business Development offerings are practical and tangible services that help to create long-term value.  Business Planning is a great starting point.

An effective business planning process gets to the heart and soul of your business.  Upon completion of ‘pre-work’, we’ll have a greater understanding of your vision and core values in order to facilitate a four-hour planning session to help you create a clear and concise Business Plan.

This session will require you to take time out from day to day activities in the business to focus on the business.  Together we’ll review your past performance and clarify your future direction.

We’ll enable you to review actual performance against targets and establish a 90-day action plan to address immediate and critical issues.  You’ll set solid and realistic business goals and define strategies for achieving them.

At the end of the session your easy to understand one-page Business Plan will act as a guide for you (and your team) to successfully implement your desired changes.  It will ensure your business is on course for success.

Our Business Planning service eliminates a factor that is all too common in business – PROCRASTINATION.

Key benefits of having a Business Planning session:

  • Review and set business direction
  • Align goals amongst the owners
  • Identify Gross Revenue Targets and Key Performance Indicators
  • Establish a robust accountability system
  • Identify critical challenges and opportunities in your business and the actions required to resolve or maximise them
  • Set timeframes for achieving goals
  • Identify what support and resources you will need to achieve your goals
  • Enables you to communicate your business goals and vision with your team
  • Provides a platform to develop Financial Forecasts
  • Use as a basis to set team members’ individual goals and targets
  • Any time is a good time to complete a Business Plan.  Business Planning is crucial if you’re considering a new business venture.

Call us today to understand how our Business Planning service will help you.

Making it simpler to get reimbursed for your vehicle expenses

The Inland Revenue have recently made some changes to the calculation for reimbursing employees (which can inlcude owners) of small businesses for vehicle costs relating to business travel.

Details on the new rules can be found here

In essence the rules have been expanded to cover more than 5,000 kilometres per annum.  The new rate for up to 14,000 kilomteres per annum is 76 cents and after that it is 26 cents for Petrol or Diesel vehicles, 18 cents for Petrol/Electric Hybrids and 9 cents for Electric Vehicles.

In many cases you could be better off claiming the Kilometre rates compared with claiming deperciation and running costs.

Now the problem with this method is working out how many kilometres you do for business purposes, this is where some technology can help.  Either an APP on your smartphone or a plug in or installed GPS tracking device in your car can really simplify this task.  There are a lot of solutions available for this and they can be very inexpensive.  There are other benefits to having GPS tracking too including security, monitoring where your kids are going in your car, and being able to work out more economical routes.

To discuss the new rules or best method for you then please contact us.