EP 539 - Stop Looking For Short Cuts In Business: Just Do The Work
Book a call with Phil to discuss gaining clarity on your business: https://calendly.com/philsmithMost business owners would rather find a magic solution than do the boring work that actually gets results.Phil and Luke break down why changing accountants won't fix your cash flow problems, why there's no shortcut out of debt, and why the answer is always the thing you don't want to hear: do the work. We share the story of someone who went from $60K debt and on the benefit, to earning $265K by working 85 hours a week. No magic. No shortcuts. Just relentless action.Stop looking for the easy way out. The path through your problems is doing what you already know you need to do.If you're interested in working together:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Instagram: https://www.instagram.com/nextadvisory.nz/
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31:59
EP 538 - Your Business Margins Are Getting Crushed (Here's Why)
Grow your business with our 90 day business planning: https://nextadvisory.nz/90-day-business-planning/Your suppliers are sneaking in price rises while you're still charging last year's prices. Meanwhile, you wonder why your business has no cash.Phil and Luke break down why business margins are getting their margins crushed and what you can do about it to protect yours.The businesses thriving right now are the ones protecting their margins.The ones going broke are hoping things get better. Stop guessing. Start measuring. Check your margins monthly or watch your business slowly bleed out.If you're interested in working together:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Â Instagram: https://www.instagram.com/nextadvisory.nz/
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31:09
EP 537 - How to Check If You're Paying the Right ACC Rate
Most business owners just pick a random ACC classification code when they set up their company. Then they wonder why their ACC bill is so high.The problem? It's ridiculously easy to get this wrong. You set up a company, they ask for your business industry classification code, and you go "I don't know, that one looks close enough." Meanwhile, there are dozens of subcategories with wildly different rates.We cover why the classification system is so confusing, how to check if you're in the right bucket, and what questions to ask ACC to make sure you're not overpaying. Plus the real reason ACC might be making losses - hundreds of thousands of businesses probably have the wrong codes.If you're interested in working together:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Instagram: https://www.instagram.com/nextadvisory.nz/
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EP 536 - Labour's Capital Gains Tax: What It Really Means for You
Labour just announced a 28% capital gains tax on rental properties, Phil and Luke break down what this actually means.If you're interested in working together:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Instagram: https://www.instagram.com/nextadvisory.nz/
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48:31
EP 535 - Why Business Owners Are Too Scared to Make Tough Decisions
Looking for help buying a business? Book a call with me at https://calendly.com/philsmith/Most business owners would rather go broke than make the hard decisions. Then they act surprised when they lose everything.Today Phil and I break down why Kiwi business owners are too scared to right-size their businesses even when their family home is on the line.We cover the tough conversations you're avoiding: restructuring staff, negotiating rent relief, and protecting your business asset before someone pulls the rug out.If you're interested in working together in other ways:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Instagram: https://www.instagram.com/nextadvisory.nz/
The #WHATSNEXT Podcast is a life changing resource that you can use to make huge impact in your business & life! Hosted by Chartered Accountants, Luke Kemeys & Phillip Smith. With these two leading the charge, there is no doubt that you'll find a heap of value and a non jargon approach to business. Consider nextAdvisory as the value library for business resources. Listen to find out #WhatsNext for your business.Grab our free business planning template our most successful client's use:https://nextadvisory.nzWant to book a call with us to discuss your business? Folow the link below:https://nextadvisory.nz/#book-onlineFollow us on Facebook, YouTube Instagram and LinkedIn.
New Zealand