It's "bull by the horns time". I've written an article for media copy that promotes a change in the way medium and small business should use their Accountants. Here's an extract, i'll post the rest at some stage soon.

"There’s pressure on kiwi businesses to grow – to export, to assist in raising our OECD ranking, to build a sustainable commercial platform that will support our ageing population...it goes on. If you’re like 71% of business owners, you turn to your accountant for growth advice. But the once a year trip, driven from statutory requirements is just not enough. You’re missing a crucially important piece of your management process that will see you achieve real, managed growth.

That piece is financial management – not once a year accounts or making sure you pay your GST or Provisional Tax on time, or a quick printout of sales for the month or a budget that just says ‘we’ll grow by 20% next year.’ Correctly executed financial management delivers regular (at least monthly! not annually…) updates on the direction, health and likely outcome of your business operations. You don’t drive a car without regularly checking the dials, so why run your business without regularly checking your business dashboard? ‘I have no dashboard’ or ‘I’m a bad driver’ are not the right answers."

More to follow.....

Dave

Vault is born

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