[vc_row][vc_column][vc_row_inner el_class=”container”][vc_column_inner][vc_column_text]With Christmas and New Year\u2019s feeling like a distant memory, it\u2019s time to get down to brass tacks and focus on your business. Whatever happened in 2022, it\u2019s a brand new year and you can set yourself up for financial success from the get-go. To help you get started, take a look at these tips to help you keep on top of your finances this year.<\/p>\n

1. Set some SMART goals<\/strong><\/p>\n

When it comes to your business financials, having achievable goals in place is key. Have a think about where you\u2019d like your business to be at the end of this year, and work backwards to see where you\u2019ll need to start. Whatever goals you have, make sure they\u2019re Specific, Measurable, Achievable, Relevant, and Time-Bound.<\/p>\n

2. Check in on your cash flow<\/strong><\/p>\n

As you gear up for another busy year, it\u2019s important that you know how much money is coming in, and how much is going out of your business. Are you buying more supplies when your inventory is full? Do you have certain clients who aren\u2019t paying you on time and owe you money? Ask yourself the hard questions and you\u2019ll be able to see where you might need to make some changes.<\/p>\n

3. Keep your records up-to-date<\/strong><\/p>\n

It\u2019s not the most exciting thing to do in your business, but having a good system in place to track your expenses, debits, and credits will help you come tax time. Rather than trying to pull it all together at the last minute and track down old receipts and numbers, do it as you go – 5 minutes of inconvenience now will save you 5 hours of pain later.<\/p>\n

4. Review your insurance<\/strong><\/p>\n

The new year is the perfect time to take a look at the business cover you have in place. Have you hired new staff or purchased new equipment that\u2019s not been updated in your policy? Could you be getting a better bang for your buck with a different insurance provider? Sit down with a financial adviser and review your current insurance policies so you know you\u2019re getting it right.<\/p>\n

Cactus is the insurance toolbox for Kiwi business. If you want to make sure you\u2019ve got everything sorted for a successful year ahead, come and chat to us! We can help you with your cover, and we\u2019ve got great mates who can help you get your numbers sorted too[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row el_id=”related-post”][vc_column][vc_custom_heading text=”Related articles” font_container=”tag:h2|text_align:center|color:%2313143e” use_theme_fonts=”yes” el_class=”title my-5″][vc_basic_grid post_type=”post” max_items=”4″ element_width=”3″ orderby=”rand” item=”918″ grid_id=”vc_gid:1671399338565-b9eaabc4-7cdf-5″ el_class=”related-posts mx-auto mt-3″][\/vc_column][\/vc_row][vc_row][vc_column][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_row_inner el_class=”container”][vc_column_inner][vc_column_text]With Christmas and New Year\u2019s feeling like a distant memory, it\u2019s time to get down to brass tacks and focus on your business. Whatever happened in 2022, it\u2019s a brand new year and you can set yourself up for financial success from the get-go. To help you get started, take a look at these […]<\/p>\n","protected":false},"author":1,"featured_media":6545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-6542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"acf":[],"yoast_head":"\n