Monday, May 6, 2013

Vision Without Execution is Hallucination


This is a great quote by Thomas Edison, often considered one of the most prolific inventors in history.
Here's a great quote from Steve Case in today's New York Times:
"I do believe in vision. I do believe in big ideas. I do believe in tackling problems that are complex and fighting battles that are worth fighting, and also trying to, in my case, create companies or back companies. That can change the world. The vision thing is really important — but the execution thing is really important, too. Having a good idea is not enough. You’ve got to figure out some way to balance that and complement that with great execution, which ultimately is people and priorities and things like that. You have to strike the right balance. If you have those together, I think anything is possible. If you don’t have both of them working together in a complementary, cohesive way, you’re not going to be successful."
I completely agree with this. There are many times in my career where I had a great vision for a product or company, but I didn't follow through with strong enough execution, and the idea or company failed, but not because it wasn't a great idea. In fact, I believe that GREAT execution, often with only a mediocre idea, can win in the marketplace. Although great execution is so very hard, I believe it can be achieved with effort, and without luck, and therefore is actually more predictable than a great idea or an idea with perfect timing.

Posted on Linkedin by Bill Gross

Wednesday, April 24, 2013

Eco Deals




Frustrated at not being able to find eco products when and where she needed them, Lisa Madarasz launched EcoDeals in February, an e-commerce hub that brings deals on eco-friendly products directly to your inbox twice a week.

It's similar to PlanetGoodness in that shoppers get the feel-good factor with a percentage of each sale going to a charity, but the site also incorporates an EcoInfo Section with useful tips on living greener in New Zealand and a list of likeminded businesses in the EcoDirectory.

Madarasz says EcoDeals is experiencing about 25 percent growth week on week since going live. After discussing the original concept with a friend, she says it grew bigger and bigger until it came time to "walk the talk". "One of my biggest frustrations was not finding the eco products I needed when I needed them. Sometimes I'd find them six months too late," she explains."Unless you're out there going into shops, specialty shops, you don't necessarily always come across them."And while there are many small suppliers out there, those niche companies don't often show up very high in Google searches.

"We decided this is a great way of getting products, eco products, into people's inboxes, so people become aware of what was actually available out there."
She's always liked the deal concept, calling it a "win-win" with small businesses getting what amounts to free advertising ("a lot don't have the marketing budget to reach a large amount of people") and buyers getting a bargain.

Madarasz, who started out in biological sciences before shifting to sales and marketing, usually finds products through magazines, word of mouth, or the internet.
She says eco products tend to cost more in general, and with cost and information being the two main barriers for consumers, putting the facts out there alongside the deals is a good thing.
"It's all very well knowing the product is better for you but why is it better for you? We like to link the deals to the information."

She'd like to start doing consumer trials in the future, too, so users can give impartial feedback on what kinds of products EcoDeals might offer.

Posted on Idealog By Esther Goh, 

Tuesday, April 16, 2013

Festival of Colour


This stunning image of FLOX stencil work in the Park is taken by Ants, Wanaka TV and is just a taste of the delights the Festival of Colour has to offer this Autumn. Opens today, see what tickets are left!
www.festivalcolour.co.nz

Monday, April 15, 2013

$100 for you, you lucky dog!

Did you know than when you refer a friend to Findlay and Co you get a $100 to Joe's Garage or Speights Ale House, how cool is that!

You can print this lil puppy, get your mates names on it and we will send you on a night out when they sign up, sweet as!




Tuesday, April 9, 2013

Top 10 Ways to Guarantee Your Best People Will Quit


Here are 10 ways to guarantee that your best people will quit:
10. Treat everyone equally. This may sound good, but your employees are not equal. Some are worth more because they produce more results. The key is not to treat them equally, it is to treat them all fairly.
9. Tolerate mediocrity. A-players don’t have to or want to play with a bunch of C-players.
8. Have dumb rules. I did not say have no rules, I said don’t have dumb rules. Great employees want to have guidelines and direction, but they don’t want to have rules that get in the way of doing their jobs or that conflict with the values the company says are important.
7. Don’t recognize outstanding performance and contributions. Remember Psychology 101 — Behavior you want repeated needs to be rewarded immediately.
6. Don’t have any fun at work. Where’s the written rule that says work has to be serious? If you find it, rip it to shreds and stomp on it because the notion that work cannot be fun is actually counterproductive. The workplace should be fun. Find ways to make work and/or the work environment more relaxed and fun and you will have happy employees who look forward to coming to work each day.
5. Don’t keep your people informed. You’ve got to communicate not only the good, but also the bad and the ugly. If you don’t tell them, the rumor mill will.
4. Micromanage. Tell them what you want done and how you want it done. Don’t tell them why it needs to be done and why their job is important. Don’t ask for their input on how it could be done better.
3. Don’t develop an employee retention strategy. Employee retention deserves your attention every day. Make a list of the people you don’t want to lose and, next to each name, write down what you are doing or will do to ensure that person stays engaged and on board.
2. Don’t do employee retention interviews. Wait until a great employee is walking out the door instead and conduct an exit interview to see what you could have done differently so they would not have gone out looking for another job.
1. Make your onboarding program an exercise in tedium. Employees are most impressionable during the first 60 days on the job. Every bit of information gathered during this time will either reinforce your new hire’s “buying decision” (to take the job) or lead to “Hire’s Remorse.”
The biggest cause of “Hire’s Remorse” is the dreaded Employee Orientation/Training Program. Most are poorly organized, inefficient, and boring. How can you expect excellence from your new hires if your orientation program is a sloppy amalgamation of tedious paperwork, boring policies and procedures, and hours of regulations and red tape?
To reinforce their buying decision, get key management involved on the first day and make sure your orientation delivers and reinforces these three messages repeatedly:
A. You were carefully chosen and we’re glad you’re here;
B. You’re now part of a great organization;
C. This is why your job is so important.

 
This was originally published in the April 2013 Humetrics Hiring Hints newsletter.
Mel Kleiman, CSP, is an internationally-known authority on recruiting, selecting, and hiring hourly employees. He has been the president of Humetrics since 1976 and has over 30 years of practical experience, research, consulting and professional speaking work to his credit. Contact him atmkleiman@humetrics.com.

Monday, April 1, 2013

Changes to the tax treatment of commercial lease payments



If you’re considering entering or exiting a commercial lease arrangement in the coming months we advise you to contact us to discuss the potential tax implications arising from proposed changes effective 1 April 2013.

Lease inducement payments are a lump sum paid by a commercial landlord to a tenant providing incentive to enter a lease arrangement in times of high lease vacancy.  Currently such payments are treated as deductible for the landlord and as capital or non-taxable receipts for the tenant. 

The proposed changes will make lease inducement payments taxable income for the tenant with the income spread evenly over the lease term.  Landlords will now also have to spread the deduction over the lease term.
Lease surrender payments are a lump sum paid by the tenant to a landlord to exit a long term lease. Generally lease surrender payments are treated as taxable to the landlord, but non-deductible to the tenant.  In future these payments will be made tax deductible to the tenant.

Both proposed changes will only apply to leases entered on or after 1 April 2013.  Effectively landlords and tenants will in future receive symmetrical tax treatment for receipts and payments.

Changes to rates and thresholds as of 1 April 2013:


Working for Families

The net income level guaranteed by the minimum family tax credit will rise from $22,568 to $22,724.

ACC

The government announced that the 2013/2014 levy rates will remain at their current levels.  However they have introduced three new initiatives:

§  Extended Workplace Safety Discounts
§  Vehicle Classification System
§  Fleet Safety Incentive Programme
We will be following up on these changes in future issues of Wilco, but in the meantime, visit the following website for more information:
www.acc.co.nz/news/WPC116639

KiwiSaver

The minimum contribution rate for employers and employees will rise to 3% from April.

Primary and Secondary School Children

From 1 April 2013 PAYE must be deducted from payments of salary/wages or schedular payments to school children.

Student loan changes

The repayment rate for student loan deductions increases from 10 to 12 cents per dollar earned over the current threshold of $19,084 per annum.

Wednesday, March 27, 2013

The 6 keys to being awesome at everything


I’ve been playing tennis for nearly five decades. I love the game and I hit the ball well, but I’m far from the player I wish I were.I’ve been thinking about this a lot the past couple of weeks, because I’ve taken the opportunity, for the first time in many years, to play tennis nearly every day. My game has gotten progressively stronger. I’ve had a number of rapturous moments during which I’ve played like the player I long to be.
And almost certainly could be, even though I’m 58 years old. Until recently, I never believed that was possible. For most of my adult life, I’ve accepted the incredibly durable myth that some people are born with special talents and gifts, and that the potential to truly excel in any given pursuit is largely determined by our genetic inheritance.
During the past year, I’ve read no fewer than five books — and a raft of scientific research — which powerfully challenge that assumption (see below for a list). I’ve also written one, The Way We’re Working Isn’t Working, which lays out a guide, grounded in the science of high performance, to systematically building your capacity physically, emotionally, mentally, and spiritually.
We’ve found, in our work with executives at dozens of organisations, that it’s possible to build any given skill or capacity in the same systematic way we do a muscle: push past your comfort zone, and then rest. Aristotle had it exactly right 2000 years ago: “We are what we repeatedly do.” By relying on highly specific practices, we’ve seen our clients dramatically improve skills ranging from empathy, to focus, to creativity, to summoning positive emotions, to deeply relaxing.
Like everyone who studies performance, I’m indebted to the extraordinary Anders Ericsson, arguably the world’s leading researcher into high performance. For more than two decades, Ericsson has been making the case that it’s not inherited talent which determines how good we become at something, but rather how hard we’re willing to work — something he calls “deliberate practice.” Numerous researchers now agree that 10,000 hours of such practice as the minimum necessary to achieve expertise in any complex domain.
There is something wonderfully empowering about this. It suggests we have remarkable capacity to influence our own outcomes. But that’s also daunting. One of Ericsson’s central findings is that practice is not only the most important ingredient in achieving excellence, but also the most difficult and the least intrinsically enjoyable.
If you want to be really good at something, it’s going to involve relentlessly pushing past your comfort zone, along with frustration, struggle, setbacks and failures. That’s true as long as you want to continue to improve, or even maintain a high level of excellence. The reward is that being really good at something you’ve earned through your own hard work can be immensely satisfying.
1. 

Pursue what you love

Passion is an incredible motivator. It fuels focus, resilience, and perseverance.
2.

Do the hardest work first

We all move instinctively toward pleasure and away from pain.
Most great performers, Ericsson and others have found, delay gratification and take on the difficult work of practice in the mornings, before they do anything else. That's when most of us have the most energy and the fewest distractions.
3.

Practice Intensely

Practice intensely, without interruption for short periods of no longer than 90 minutes and then take a break.
90 minutes appears to be the maximum amount of time that we can bring the highest level of focus to any given activity. The evidence is equally strong that great performers practice no more than 4 ½ hours a day.
4.

Seek expert feedback, in intermittent doses

The simpler and more precise the feedback, the more equipped you are to make adjustments.
Too much feedback, too continuously, however, can create cognitive overload, increase anxiety, and interfere with learning.
5.

Take regular renewal breaks

Relaxing after intense effort not only provides an opportunity to rejuvenate, but also to metabolize and embed learning.
It's also during rest that the right hemisphere becomes more dominant, which can lead to creative breakthroughs.
6.

Ritualize practice

Will and discipline are wildly overrated. As the researcher Roy Baumeister has found, none of us have very much of it.
The best way to insure you'll take on difficult tasks is to ritualize them -- build specific, inviolable times at which you do them, so that over time you do them without having to squander energy thinking about them.

It takes several hours of daily practice to achieve excellence, so prioritise

I have practiced tennis deliberately over the years, but never for the several hours a day required to achieve a truly high level of excellence. What's changed is that I don't berate myself any longer for falling short. I know exactly what it would take to get to that level.
I've got too many other higher priorities to give tennis that attention right now. But I find it incredibly exciting to know that I'm still capable of getting far better at tennis -- or at anything else -- and so are you.
Here are the recent books on this subject:
  • Talent is Overrated by Geoffrey Colvin. My personal favourite.
  • The Talent Code by Daniel Coyle
  • Outliers by Malcolm Gladwell
  • The Genius in All of Us by David Schenk.
  • Bounce by Mathew Syed






Posted on Linked In, written by 

Wednesday, March 20, 2013

Xero Blog Goodness


Spaghettios, dog clothes & top tax tips

Our recent survey to over 400 accounting professionals reveals that Spaghettios, weddings and dog clothes are just some of the tax deductions people imagine they can get away with. Which shows that if you’ve ever tried to claim an unusual tax deduction, you’re not alone!
This year’s survey provides an update to a similar survey we commissioned last year. The year-on-year data provides  interesting insight into changing perceptions of the cloud as well as where small businesses are going wrong. As well as the fun responses, the research highlights just how much pressure small businesses are under in the US this tax season, especially due to the demands of changing government regulations and tax policy.
We’ve put together an infographic to illustrate the key results:
A key output of the survey is the biggest mistakes that small businesses are making. Top of the list is not keeping financial records up-to-date, followed by a lack of understanding about tax obligations.
All-in-all, it comes back to getting to know your accountant better and tapping into the advice they can give you. Xero’s real time single ledger enables your accountant to have a clear view of your finances and provide better advice to you. Note that nearly a third of the accountants surveyed would be willing to give you a discount if you enable them to view a reconciled ledger, which is easy to do in Xero. And more and more accountants are offering cloud services – up 11% to 43% this year.

Late summer surge for real estate


The Central Otago Lakes residential property market recorded the biggest increase in sales volume compared to other regions for the month of February.
There were 129 house sales in our district during February, an increase of 54 per cent on the previous February, according to statistics released by the Real Estate Institute recently.
Central Otago Lakes also recorded an 13.9 per cent increase in median price for February. The median price was up $55,000 from February 2012 to $363,750, with Queenstown sale prices accounting for most of that increase.
The district wide late summer surge in sales reflects national trends for February.
Nationally, 6,632 houses sold in February, an increase of 34% on January. The national median house price in February was $382,000.
The number of days to sell in Central Otago Lakes has improved by two days from 49 days in January to 47 days in February. Compared with February 2012, the number of days to sell has improved by 16 days.
Central Otago Lakes REINZ spokesperson, Gail Hudson says the market here continues to improve because there are more committed buyers and vendors are responding by listing their houses and meeting the market on price.
Posted on Wanaka Live 20 March 2013
www.wanakalive.com

Ted X Queenstown




Yeah this is a bit exciting, Queenstown hosting it's very own Ted Talk next Friday, there is an excellent range of speakers and the fun bit is only 100 tickets, the race is on! Good luck getting your hands on a ticket, lets us know if you go. Ted X a good place for Queenstown Accountants.

Here is and oldie but a goodie below:


Tuesday, March 12, 2013

InvitBox



Invitbox is a cloud-based mailbox, approval system and filing cabinet for invoices.

Once you register, your suppliers simply email their invoices to you in PDF format to yourco@invitbox.com and within seconds invitbox strips out all the data and presents the invoice to you online for approval.
It's like magic!



Xero HQ


A visit to the Big Smoke this weekend, look what we spied! Xero HQ, downtown Welly town. No traffic...what, this is helpful for Otago accountants hitting the city!


Monday, March 4, 2013

Tips for choosing an accountant


A good accountant should be able to evaluate business problems and offer solutions. Today's accounting professionals are strategic business leaders and should be able to demonstrate that they are much more than pure 'number crunchers', said David Jenkins, CPA Australia country manager for New Zealand this week. "Strategies in international business, thought leadership, skills in communication and persuasion - these are some of the broader 'must-have' aptitudes of today's successful accounting professionals," said Jenkins.CPA Australia, one of the world's largest accounting bodies, representing more than 144,000 finance and accounting professionals around the world, has developed the following tips to guide small businesses in selecting an accountant.

Professionally qualified
It's important that your accountant is professionally qualified and belongs to a professional accounting body. To retain their membership each year, members must complete a requisite number of professional development hours to ensure their qualifications remain current and they are following industry best practice. Membership also dictates they abide by a code of ethics and conduct.

Business consultant
A good accountant will help your business grow by bringing a wider commercial perspective to the partnership. For small businesses, your accountant should be a trusted business adviser and provide credible, strategic advice. They should be able to evaluate business problems and offer solutions. To do this successfully, your accountant will make the effort to understand your business and your product or service, right from the very first meeting.

A good relationship throughout the year
Regular, ongoing dialogue is a sign of a good partnership. Your accountant should be committed to building a strong rapport with you. The right accountant will speak with you on a regular basis and be happy to see you at your premises when it suits you. So look for an accountant who provides a proactive service, working with you throughout the year, not just at year end.

Complementary client portfolio
Whether you're a start-up or an established business it's important that you partner with an accountant that has experience relevant to your business. Find out who their clients are to establish if their experience suits the needs of your business. For example, if you're in the export game, seek an accounting professional with complementary experience.

Tech-savvy
There is a wide range of business management software on offer today; the right package has the power to dramatically improve small business capabilities. A good accountant must be fluent in the application of leading software packages. They should be able to recommend the appropriate accounting package to suit your business needs.

The New Zealand Herald Jill Smith 25 February 2013