The impact of slow payers

Hamish Mexted Managing Cash, Time Saving & Processes

Last week Dun & Bradstreet published their Trade Payments Analysis Report.  This report details the average times that firms take to pay their bills.  Their key findings were that private firms were taking half a day longer to pay debts than the same time last year (44.6 days), while listed companies took nearly 6 days longer to pay debts (51 …

Source of new ideas

Hamish Mexted Odds & Ends

I’m about half way through reading this book by Tim Harford: It’s certainly not a heavy read, nor does it go into any overly deep topics.  That said, it’s a good summer read…as far as business books go. The main theme of the book is that organisations need to embrace risk, change, failure and experimentation to make significant progress in …

Ever considered an Advisory Board?

Hamish Mexted Business Strategy & Planning

Most small and medium-sized New Zealand companies operate without either a formal Board of Directors or alternatively an Advisory Board.  I’ve never quite understood why this is, but I suspect that it comes down to our typical ‘DIY’ mentality. A recent article on Inc.com nicely spells out the benefits of having an Advisory Board: It’s lonely at the top. However brilliant, …

The empty mini-putt

Hamish Mexted Business Strategy & Planning

Welcome back, we hope you had a great holiday break and you are ready to tackle the New Year. Driving through a number of small towns in the country over the summer holidays, I found it hard not to notice the number of under utilised tourist attractions.  The mini-putts, shopping complexes and American-style diner restaurants scattered around the country which simply do not attract any …