BAY OF PLENTY BUSINESS NEWS JANUARY 2020

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Get 2020 off to a Smart Start. Book now to showcase your ONE DAY ONLY! business and learn from the best. LEADERSHIP DIRECTORSHIP & GOVERNANCE SOCIAL MEDIA/ CONTENT MARKETING KEY NOTE SPEAKER Craig Hudson Managing Director New Zealand & Pacific Islands, Xero GUEST SPEAKER Kirsten Patterson Chief Executive, Institute of Directors GUEST SPEAKER Brent Ireland Director, Collab Digital Smarter Business Event The National Business Network – Smarter Business Event 2020 will bring together hundreds of businesses from corporates to SME’s in one location for one day across all business categories attracting business owners, decision makers, managers and staff. The purpose of the event is to bring Bay of Plenty wide businesses together annually at one location for a day to hear from leaders and well-respected business people to network, make contacts, build new relationships, find new business partners, contractors, suppliers and clients to do business. The event is designed to provide every business that attends with a return on their investment by offering fantastic value at a very competitive price. This is a ticketed only event with all businesses attending being paid attendees. Format B2B ticketed only event. Each business gets a 1m x 1m table with entry for 2 people from that business. Please bring a pull up banner, business cards and other collateral to promote your business. Location Queen Elizabeth Youth Centre (QEYC) Cnr Devonport Rd & 11th Ave, Tauranga PULL UP BANNER Pricing PER BUSINESS, INCLUDES 2 X PEOPLE FROM YOUR BUSINESS AND A 1M X 1M TABLE. $349 + GST 10% OFF PRIORITY ONE MEMBER DISCOUNT Extra individual tickets available per business upon request at $80 + GST each after purchase of main business ticket DON’T DELAY, BOOK TODAY PRINCIPAL SPONSOR Promotional Partners SUPPORT SPONSOR SUPPORT PARTNER For great deals on the following services leading up to and on the event day please see the event website for great deals/special offers from our promotional partners. BOOK ONLINE www.eventspronto.co.nz/tnbn FOR MORE EVENT INFORMATION www.businessnetwork.co.nz PRINTING GRAPHIC DESIGN SOCIAL MEDIA WEB DESIGN, HOSTING AND MARKETING BANNER / SIGNAGE GET SOCIAL @TheNationalBusinessNetwork FOR MORE EVENT INFORMATION www.businessnetwork.co.nz PROUDLY PRODUCED BY
BAY OF PLENTY BUSINESS NEWS January 2020 19 Cash flow and mortgage security A new year is for new beginnings, and if this is your year to get started in business, good for you! The best advice for any start-up is: make sure your cash flow is managed well. One of the main reasons businesses fold is that they run out of cash. But if you are smart about how you spend your start-up capital and keep a close eye on your cash flow, disaster can be avoided. Learning how to effectively manage your money can truly make or break a business, as cash is the lifeblood of any venture. Controlling cash can be streamlined by bringing in technology to assist with anything from accounting reconciliation to supplier management. Depending on the size and scope of your operations, you can start off with a simple spreadsheet or better still, invest in an appropriate software package. For most businesses, experiencing unexpected highs and lows in sales is a reality, and both can have a serious impact on your cash flow. If money becomes an issue, because you need to invest in new equipment, hire more staff or involve a third-party supplier, Paula Lines, Commercial Lawyer at The Law Shop. for example, you could consider taking out a business loan. You can turn to your bank or see one of the many finance and lending companies for this, but do not rush things as it is hugely important to get it right. If you’re thinking about purchasing assets or expanding your business, or your business needs an overdraft to cover shortages, one thing is certain - the lender will want security. “If you own your own home, you may be able to borrow against it for the capital to buy or start up the business or an overdraft for help with cash flow. If you can borrow against your house, you’ll be able to get home loan interest rates rather than business rates and you may get a longer-term,” explains Paula Lines, Business Law expert and Director of The Law Shop. If you’re thinking about purchasing assets or expanding your business, or your business needs an overdraft to cover shortages, one thing is certain - the lender will want security. “A mortgage over a house is a more attractive option for a bank, as it’s usually easier for the bank to sell a house if they need to rather than trying to sell business assets, which may not have a huge amount of value outside that particular industry,” she says. “Whether you can do this will depend on how much you already owe secured against the home. “It also puts your home at risk if your business fails, so you need to be absolutely sure that it is a good option for you.” Over the years, The Law Shop has worked with all major banks as well as specific business lenders. Whatever your reasons for business borrowings, Paula and her team can help you with obtaining the funds you need to keep your business thriving. Call 0800 LAW SHOP if you would like to discuss your situation with the team. They understand the securities that lenders require and can explain everything so you are fully aware of your options and obligations, and understand all that’s involved. PAULA LINES LL.B | Director ROTORUA 1268 Arawa St Rotorua TAURANGA Virtual Office
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BAY OF PLENTY BUSINESS NEWS JANUARY 2020

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