Cash poor but asset rich? | Speirs - A business asset finance company
Cash poor but asset rich?....observations from a Business Asset Finance Company
Many businesses find themselves facing this question and having to consider how they ended up with no cash in the business and at the same time have either no or low debt relative to the value of their assets.
Paying off debt quickly has always been part of Kiwi business culture, but most businesses now face more competitive pressure than they ever have resulting in lower margins, increasing compliance costs, the need for better information systems and higher wages to retain staff – all of which have a significant impact on cash flow.
Brain Teaser of the Day 🧠✨ Can You Solve It? 🤔💬
How many balls of string does it take to reach the moon?
(Peter from Carterton kindly provided this head-scratcher ... thanks, Peter!)
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔
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73% We work hard, we deserve a break!
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15.9% Hmm, maybe?
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11.1% Yes!
Some Choice News!
Many New Zealand gardens aren’t seeing as many monarch butterflies fluttering around their swan plants and flower beds these days — the hungry Asian paper wasp has been taking its toll.
Thanks to people like Alan Baldick, who’s made it his mission to protect the monarch, his neighbours still get to enjoy these beautiful butterflies in their own backyards.
Thinking about planting something to invite more butterflies, bees, and birds into your garden?
Thanks for your mahi, Alan! We hope this brings a smile!
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