I believe businesses wouldn’t exist without a team of great people behind them. Even a sole trader working in all the roles that a business requires, you still need people behind you to boost you up, help you to get out the door to do your job and to cheer you on.

If you do have big goals, then you need to surround yourself with a great team because your goals are going to be really hard to achieve by yourself.

When we are building something great, we also have our own level of strengths and talents but, as amazing as we all may be, we each have deficiencies where there are things we can do, but maybe shouldn’t do.

You may be used to doing everything yourself and you like to have control over everything, but often someone will be able to do it better, faster more amazing than you will, and it will cost half the time and half the effort than you doing it yourself.

Initially you may struggle to let go of the reins, but once you see the output and that something is well done or well made, then it is really satisfying. Add to that the joy you get from doing the things you love instead, then it is truly a win-win.

You are not only adding the skills of that person to your team, but you are also adding a team member who is there to cheer you on and help you to become the best you can. This is the value of the team.

I myself am super grateful for my team who each have their own amazing skills that I can refer clients to and trust that they are in great hands. They are also my cheerleaders, and can be yours if so required.

So who’s on your team? Do you need a cheerleader to help you become the best you can? Reach out, we may be just what you need to take you to the next level.

Your business bestie, Kathy

5 EASY ways you can improve your cashflow immediately....

1. First and foremost, cut costs - go through your monthly bank transactions and get familiar with where your money is going. We often see clients paying for unnecessary subscriptions, which hurt in the long run. Go through each one and see if you really need it - you could literally win back $1000 in ten minutes and inject that cash flow back into your business.

2. Stretch your payments to your creditors: talk to your suppliers and see if you can extend your payment terms. For example, if you have bills due on the 1st of each month, see if you can have them pushed back to the 20th of the month.

3. Send invoices right away: if you don't send invoices you don't get paid. It's as simple as that. Make sure you stay on top of invoicing your customers. The quicker you send invoices out the faster the cash comes in.

4. Follow up with invoice reminders: if your customers forget to pay usually it takes a week to a month before you get paid. Most accounting packages have automated email reminders so make use of these to remind your customers regularly. (Don't forget to mark off your receipts daily). If they still haven't paid, give them a call, this money is better in your bank than theirs.

5. Cashflow forecasting: tracking and forecasting is key to keeping your business alive, as it allows you to predict any changes and adapt to ensure you have enough cash to get through.

Ready to grow your business? Need a hand with any of the above? We can definitely help! Let's grab a coffee and have a chat. 📞 0275347569 or kathy@omsolutions.co.nz to make a time.

#womeninbusinessnz #xero #MYOB #centralotago #supportlocal #centralotagonz #nzbusinesswomen #NZBusiness #tradie