Author: Black Arrow Team
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“Playing it safe is the riskiest move in business”
In the business landscape, avoiding risk may seem like a prudent strategy. However, the reality is that the greatest risk often lies in stagnation. Market conditions, consumer preferences, and industry trends are constantly evolving. Businesses that fail to adapt or innovate risk becoming obsolete. A reluctance to embrace change can lead to slow, steady decline…
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Good Debt and Bad Debt: What Should You Pay Off Before the Financial Year Ends?
As the financial year draws to a close, business owners and individuals alike begin reviewing their financial standing to optimise tax benefits, improve cash flow, and plan for the future. One crucial aspect of this review is managing debt – specifically, deciding which debts to pay off and which ones to retain. Not all debt…
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The Importance of Bookkeeping: Why Every Business Needs It
Bookkeeping is often seen as a tedious task, but in reality, it is one of the most critical components of running a successful business. Whether you are a small business owner, a freelancer, or managing a growing enterprise, accurate bookkeeping provides financial clarity, ensures compliance, and helps drive informed decision-making. Without it, businesses risk financial…
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How to Master Decision-Making: Making Better Business & Life Decisions
Decision-making is one of those things that separates the high-flyers from the headless chickens. In business and in life, your ability to make the right calls quickly can mean the difference between thriving and just barely surviving. But let’s be real, most people are terrible at making decisions. Either they procrastinate until the choice is…
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The Power of Deep Work: Why Focused Work Beats Multitasking Every Time
In a world addicted to instant gratification, deep work is a competitive advantage. The ability to focus on a single task without distraction isn’t just a skill, it’s a superpower. Yet, many people still buy into the myth that multitasking makes them more efficient. The Truth About Multitasking Let’s be clear: multitasking isn’t real productivity.…
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Maximising Tax Deductions: Commonly Overlooked Deductions for Small Businesses in New Zealand
Many small business owners unknowingly miss out on tax deductions, leaving money on the table. Every dollar saved is a dollar reinvested. From home office expenses to depreciation and loan interest, knowing what you can claim can reduce taxable income and improve cash flow. This guide covers key deductions you might be overlooking, helping you…
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A Guide to Bad Debt Deductions for New Zealand Businesses
Unpaid invoices can significantly impact cash flow and profitability for businesses. Fortunately, New Zealand tax law allows businesses to write off bad debts and claim them as deductions, reducing taxable income. However, specific conditions must be met to ensure compliance with Inland Revenue (IR) requirements. This guide explains when a debt qualifies as “bad,” the…
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Smart Saving Strategies Amid Rising Living Costs
With the cost of living continuing to rise, many individuals and families are finding it increasingly challenging to manage their finances. Essentials such as food, housing, and utilities are becoming more expensive, putting pressure on household budgets. In such an environment, developing a strong financial strategy is essential to maintain financial security without sacrificing quality…
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The Psychology of Spending: Why We Buy Things We Don’t Need
Ever found yourself walking out of a store (or closing an online checkout) with items you never planned to buy? You’re not alone. Many of us succumb to spending triggers that lead to impulse purchases and unnecessary expenses. But why do we do it? Understanding the psychology behind spending can help us take control of…
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How to Build Strong Financial Habits in Your 20s and 30s
Establishing sound financial habits early in life is essential for long-term stability and wealth accumulation. By making strategic financial decisions in your 20s and 30s, you can set yourself up for financial success and security. Below are key financial principles and habits to adopt to build a solid foundation for the future. 1. Master Budgeting…