Finance options that work for today’s small businesses

Cash flow is always a challenge with 70% of business owners saying they experience cash flow difficulties. Many small businesses can, and should, improve their cash flow by following best practices, but even then 82% of Small Businesses fail because of cash flow problems.

Finance can solve cash flow problems, but many products are too slow be of any practical help or can burden the business with long term products that don’t fit the short-term problem. Today, there are more finance options available to small businesses than ever before. Matt provides an overview of these options, the pros and cons of each, and which work best to meet your client’s cash flow needs today.

Presented by Matt Peacey, the founder of FundTap, a rapidly growing FinTech company offering innovative finance solutions to small businesses in both NZ & Australian. Matt was named Nelsonian of the year for business and is on a mission to solve the cash flow issues of small businesses. Originally a Ph.D. scientist and current director of the Cawthron Institute, NZ’s largest and oldest independent research organisation, he has a passion for developing technology and solutions that makes life easier for business owners

Help your clients to set the right payment structure with deposits

We know that a significant number of trades and services-based businesses take on work, perform it and ask for payment right at the end. You’ll also be familiar with the long wait that often occurs before payment is received. The team at Tradie Terms, a contract skills training service for trades, talks in this second webinar of their series about why they recommend you encourage your trades and services-based businesses to take a deposit to secure a booking for a job or project as the new ‘norm’.

Presented by Sian Wingate, the founder of Tradie Terms, former lawyer and legal educator with 20+ years of experience designing and training on quotes, pricing structures and terms of trade for infrastructure, construction and engineering companies, this session will walk you through why deposits create a positive first impression, are a powerful cash flow tool and why they need to be backed up with solid terms of trade. Sian will offer ways for you to help your clients to utilise these simple but effective changes to help them to get paid faster.

Through the Business Transformation, Inland Revenue have been making a lot of changes to help simplify tax. They are now in the final stage (Stage 4) of this programme. Their new webinar series is designed to help you understand what’s changing in 2021.