Blog

Mar 25

Business Continuity Plan

Posted by Craig Weston at Wednesday, March 25, 2020

The impacts of Covid-19 on health and business are evolving fast. Currently, we are prioritising helping our clients who have the greatest need.  So, if you need urgent help, please get in touch.

It is essential that every business has a plan for dealing with the fallout from this pandemic.

A plan will give you peace of mind and clarify for decision-making for the future of your business, and ensure you access Government support entitlements and maximise opportunities to preserve your cashflow and profitability.  In the worst-case scenario, we want to have certainty about whether your business can continue and plan around that.

We've created some practical content to help you build your Business Continuity Plan and have three ways we can help you using our content:

  1. We can set aside 4 hours to create your Business Continuity Plan online with you.
  2. You can draft the plan before meeting with us online for 90-minutes to finalise it.
  3. You can create the plan yourself.

Doing nothing here is simply not an option.  If you would like us to send you the Business Continuity Plan and the Guide for Developing Your Business Continuity Plan then please get in touch (09) 309 2561. This gives you the option to do yourself or we can work with you to ensure you have a comprehensive plan that will see you through.

In the meantime, please understand that our team work from their home offices so there is no disruption to the service we provide.  Our accounting software is cloud based and we are available via email and phone.  So, contact us if you need help.

Lastly, now is the time to prioritise your mental health.  As they say, put your own oxygen mask on before assisting others.  If the situation is affecting you, consider blocking out social media or things that may worsen anxiety, but whatever you do, please stay in touch with us - so that together we set a plan to help you in these difficult times.

Stay safe

Craig Weston and the Inspired Team


Mar 18

Yes, these are unprecedented times!

Posted by Craig Weston at Wednesday, March 18, 2020

Yes, these are unprecedented times!
I've spent part of yesterday afternoon and today talking to clients about how they are affected by Covid-19 and the Government assistance package announcement.
The Government have put out a comprehensive, well thought out plan with some clear guidelines. View here.
If you want to have a chat to me about this, please give me a call on (09) 969 7450 or drop me an email craig.weston@inspired.co.nz.
We are here to support your through this current situation.  We want to see you survive and thrive.
Keep talking, planning and being proactive.
Talk soon
Craig

Dec 17

We're predicting a happy and healthy holiday season

Posted by Craig Weston at Tuesday, December 17, 2019

Pour the sav,

Serve the pav,

And activate holiday mode!

The Inspired team would like to wish all our clients and colleagues a very Merry Christmas and a Happy New Year.

We've put together some light reading to help you reflect on 2019 and start thinking about your goals for the coming year.

Here's to 2020, we're forecasting an epic year!

Click here to download our Christmas eBook


Our office is closed from Friday the 20th of December and reopens on Monday the 13th of January 2020.



Sep 26

Craig and Nick talk best business advice for business owners

Posted by Craig Weston at Thursday, September 26, 2019

Craig Weston recently sat down with Nick Giles, Head of Hospitality New Zealand at Link Business Broking.  Really impressed with Nick and his team and what they do.  See our short video where we talk about the important things to keep in mind when looking to buy and run a business.


Video Craig and Nick


May 30

Investing in our communities

Posted by Craig Weston at Thursday, May 30, 2019

 

Last week in my capacity as a co-director of a company called G-Fund Ltd, I had the pleasure of jointly accepting "The Business Institutional Innovation Award" along with our friends at ANZ Bank (Capital Markets) at the INFINZ 2019 Awards evening.  With 750 people from NZ professional finance community present it was a great night.

G-Fund Ltd is a subsidiary of Genesis Youth Trust which operates in South Auckland.

Two years ago, G-Fund Ltd promoted a $6 million social impact bond in conjunction with ANZ Bank who brought the Bond to market.

The idea is that socially minded investors invest in the bond through G-Fund, which in turn invests in the Genesis Youth Trust with the aim of reducing the level of youth re-offending in our communities.  Investors receive a commercial rate of return on their investment.

The Trust partners with NZ Police, Oranga Tamariki and ANZ Bank along with a number of community minded people and organisations.

The aim is to work with 1,000 medium to high risk young people in their communities over the 6 year life of the Bond.

After the first 18 months of operation, we are seeing a marked reduction in the level of re-offending and the severity of offending, which is awesome.

Genesis Youth Trust has with a great team of socially minded and committed people who make a difference every day in the lives of our at-risk young people.

It's a pleasure to be involved in this in my capacity as a co-director of the funding arm.  We are accountable to the investors - it's a big responsibility but well worth it when one sees the change that the Social Impact Bond is making.

Craig



Apr 15

Be Prepared

Posted by Craig Weston at Monday, April 15, 2019


 

Every year we do our annual back-country bike ride I learn something new.

Back up the story - each year a group of 4 old-boy scouts including me reunite to do an NZ mountain bike ride for a week.  This year was in February and we did the Motu area (in behind Opotiki).

So what did I learn this time? Read on....

When you don't fall off your bike for a while you start to think you have it licked.  You seem to be pretty good at surmounting problem areas, tight turns, rocks on the tracks etc.  I've heard it said 'Pride commeth before a fall" - not sure about the pride in this instance but I sure had the fall!

One of our party was injured - fell down a slope and cut his leg.  Slowed him down.  I was delegated to ride on ahead and get the vehicle and bring it to the road head to pick up the team who would follow up slowly.

Somewhere down the track alone about 17K from the vehicle, I came off my bike - went over a river bank and landed in a dead tree perched above the rocks below.  Upside down, bike on top of me, foot caught in the bike, no one around.  What to do?

Rising panic!  But managed to extricate myself from the bike, climb down the dead tree, jump onto the rocks below and climb back up on the track then go down the tree and pull my bike back up.  I noted some cuts and bumps on the body, jumped on the bike and carried on.  Another few km down the track the bike gave up! Turns out the tree had damaged the hanger mechanism which the chain goes through.  Nothing left but to walk the rest of the way!

Did that - got the vehicle and returned to pick up the guys.  Big day out, totally stuffed!

What did I learn?

When you think you have it licked - do a reality check. Are you prepared for the unexpected? The old Boy Scout motto - "Be Prepared"

Don't go it alone - should have been two of us going and two left to follow slowly.

Relates to Biking as well as Business I reckon.  In business:

  • Plan well and have a back up plan - be prepared

  • Involve others - don't go it alone

Craig


Dec 17

As 2018 comes to an end

Posted by Craig Weston at Monday, December 17, 2018

It's almost the end of the calendar year - an opportunity to glance back at what the past year held, take a long breath over the break, and then look at what could be for 2019.

There is something about looking back that is positive - reviewing what went well and what went not so well.  It's an opportunity to learn from the past to give us wisdom for the future.

As we end this year, our wish for our clients and friends is that you will truly enjoy your Christmas break (whether that be short or long) and come back positively renewed for the new year ahead.



May 08

Inland Revenue - a transformation

Posted by Craig Weston at Tuesday, May 08, 2018

When I first started out my career in accounting (many years ago!), I remember you could write a letter to Inland Revenue and you sometimes might not receive a reply for 12 months!

How times have changed.

These days Inland Revenue are on top of things like they have never been before.  They have introduced new initiatives over the past few years mainly based around access via the internet.

Coupled with this is a new desire on their part to want to seem friendly and able to assist.

Sure, get on the wrong side of them and things may not be so friendly, but they have a job to do for the Government and they seem to be doing it better.

Last night I looked at a very good example of the new Inland Revenue.  I looked for some information on the IR website about the Research & Development (R & D) Loss Tax Credit system and how to apply for cash early.  What did I find? - an updated easy to understand explanation (no big words, just common sense) and a short 2-minute video interview with a business that had applied for and got the tax credit.  Brilliant!  If you are interested check out the link...

http://www.ird.govt.nz/campaigns/2016/campaign-research-development-loss-tax-credit.html

So well done Inland Revenue.  I still don't like paying the tax but I like what you are doing.

Craig

Mar 20

Alps to Ocean

Posted by Craig Weston at Tuesday, March 20, 2018

A2O (Alps to Ocean)

This stands for the bike/run trail that runs from Mt Cook to Oamaru. It's a (mainly easy) trail that winds along beside mountain lakes, rivers, open country, power stations, and small towns.  With 3 mates I biked the trail 2 weeks ago.  Took us a relaxed 6 days.

There is something about this area that easily draws me back.  The magnificent vistas easily calm the soul and put life in perspective.

A great place to think about the future.  I love to think about business and the next steps - its easy to do in this area - see the picture!

 

Jan 25

Keep It Simple

Posted by Craig Weston at Thursday, January 25, 2018

I am recently back from my annual Christmas and new year (three weeks) away from work.  Being away from work every now and then for an extended period is great.
It recharges the batteries, helps us appreciate what is good about life and relationships and allows us to reflect in an unstructured and even abstract way on our business - what we do and how we do it.
The old saying, when I slow down, I go faster seems to ring true.
One reflection I had was around the amount of information that comes at us every day 24/7.  There is a lot and we need to keep up with it.... or do we?
I am challenged about being a bit more structured around what information I let in each day.  Yes, I need to keep up with things in my industry and wider life interests, but I should not need to feel driven to do it.
It's about taking control of what you let in - I have started unsubscribing to emails I don't need to see.
Feels good!
Craig