Author Archives | michaelsmyth

How to avoid a Personal Grievance when you suspend an employee

If an employee has done something which could amount to misconduct, then the last thing you want is for that employee to attempt to wriggle off the hook because you have made a procedural mistake by suspending the employee from work.

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Posted in Legal0 Comments

Why you shouldn’t copy someone else’s terms of business

Your terms of business is the most important document in your business. It dictates how you interact with your customers…and it’s your customers that make you money.

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Posted in Legal2 Comments

How to protect your IP being stolen by your employees

How would you feel if someone broke into your house and stole your TV, stereo, DVD player, furniture, CD collection and some very personal items of jewellery?

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Posted in Legal0 Comments

How to get your customers or clients to pay up

This may seem like an obvious strategy, but one which many businesses neglect to their downfall. By a system, I mean having a process for collecting unpaid fees.

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Posted in Finance5 Comments

Why Business Tenants should proceed with caution

With commercial vacancies in New Zealand’s main commercial centres tipped to go above 10%, many businesses may be tempted to get bigger or better premises, or open up new offices to take advantage of lower rents.

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Posted in Legal0 Comments

Do you give a refund or not? Recent case makes it easier for retailers

Since Martin sold his stereo to consumers (and not businesses) his sales were governed by the Consumer Guarantees Act (CGA).

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Posted in Legal2 Comments

How to get free credit without burning bridges

In business, cash-flow is king. A great product or good business idea is useless if cash-flow is not under control. It is as essential to your business survival as water is to your own survival.

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Posted in Finance1 Comment

Where the Bible teaches us how to improve our cashflow

Well believe it or not, one strategy for getting your customers to pay on time is actually sitting there in the bible. You just need to know where to look…

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Posted in Finance2 Comments

How directors can prevent themselves being liable for their company’s debts

If you have decided to incorporate your business the chances are that you will have appointed yourself a director of the company. In simple terms, your duty as a director is to ensure the company is well run.

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Posted in Legal2 Comments

How to stop your business partner ripping you off

How Laura ended up in this mess. Laura and Sarah had met when they were working for their former employer. During that time they had come up with a unique idea for a business.

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Posted in Legal8 Comments

Why you must choose the right employment agreements for your staff

Most business owners know that it is against the law not to have a written employment agreement with their staff. However, what many business owners don’t know is that there are 4 different types of agreement to choose from …

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Posted in Legal1 Comment

How to decide when you need a written agreement

Lawyers are trained to be thorough and like to cover every possible eventuality. No lawyer wants to be sued for professional negligence …

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Posted in Legal1 Comment

How to take the employee worry out of buying a franchise

The advantage of buying a franchise is that the franchisee’s business is packaged up and ready to go.

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Posted in General1 Comment

Why you can’t just fire an employee at the end of a probationary period

Bob was fed up with hiring the wrong staff. Twice he had his fingers burnt. The first time he ended up defending a personal grievance…

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Posted in Legal2 Comments

Why not having a contractor agreement could cost you thousands of dollars

Normally a letter postmarked “Employment Relations Authority” would fill Peter with dread. But this time it…

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Posted in Legal0 Comments

Will your Health and Safety Policy save you from prosecution?

The metal stake had pierced his right side, gone through his torso and was now protruding from his stomach.

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Posted in Legal1 Comment

Why you must choose the right employment agreements for your staff

Most business owners know that it is against the law not to have a written employment agreement with their staff.

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Posted in Legal, Management1 Comment

Three important checks every business owner should make before choosing their trading name

Judith nearly choked on her coffee when she saw the ad in the paper. Judith had never had a problem with competition…

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Posted in General2 Comments

“The Secret” of Business Success

Either you, or someone you know, will have seen or read “The Secret” – an inspirational work that teaches us that the law of attraction really does work and that positive thinking really can bring us success and riches.

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Posted in Mindset2 Comments

How to ensure your business becomes an asset not a liability

After ten years the plan was to retire: either Trevor could sell his business and generate a retirement fund, or pass the business…

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Posted in Finance0 Comments

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