Better Business, Better Life

Hosted by RightWay Ltd

Business

Website RSS feed

Episodes

Latest episode

Apr 2024

Language

EN-NZ

About the show

This podcast covers topics relevant to NZ business owners. We put a real emphasis on providing practical ideas, tips, and advice on how to move your business forward, especially in these challenging times.

Listen to episodes

60 recent

April 8, 202437 min

What is Open Banking and how could it benefit your business.

In this podcast episode, Ben Lynch shares his journey into the world of open banking, starting from a personal need to avoid bank overdraft fees. This led him to develop a solution that allowed automatic fund transfers between his accounts. This side project eventually paved the way for his involvement in creating open banking solutions. He discusses the concept of open banking, its current status in New Zealand, and the potential regulations that might shape its future. Ben also introduces Akahu and Dolla, platforms that aim to streamline banking and payment processes for individuals and small businesses, illustrating the practical applications and benefits of open banking. The episode highlights the possibilities open banking presents for improving financial management and the challenges of adopting it in markets like New Zealand. To find out more about Akahu and Dolla, check out the links below. www.akahu.nz www.dolla.nz 00:00 Welcome to the Podcast & Introduction to Open Banking 00:22 Ben's Journey: From Personal Banking Frustration to Open Banking Pioneer 05:23 The Evolution of Open Banking and Its Impact 11:58 The Current State and Future of Open Banking in New Zealand 22:04 Exploring the Potential of Open Banking for Businesses and Consumers 30:14 Addressing Security Concerns and the Path Forward for Open Banking 35:14 Closing Thoughts and the Future of Open Banking Applications To find out more about RightWay, check out our website or any of our social media channels Website - ⁠www.rightway.co.nz⁠ Facebook - ⁠RightWay - Home (facebook.com)⁠ Linkedin - ⁠RightWay Linkedin⁠ Instagram - ⁠RightWay - Instagram⁠ YouTube - ⁠RightWay - YouTube

March 13, 202434 min

Navigating the Noise: What to Adopt and Abandon for Leadership Success

In this episode of the Better Business, Better Life podcast, hosts Stuart Wilkinson and Shelley Dickson discuss the relaunch of their podcast with a focus on sharing insights and lessons from their client experiences, the inclusion of guest speakers on pertinent business topics, and the importance of engaging with their audience for content ideas. They delve into a report by MindShop titled 'What to Adopt and What to Abandon' aimed at business leaders, which outlines actionable strategies for business growth and improvement. The report highlights the need for businesses to focus on their plans, strategies, and, most importantly, implementation, amidst a world crowded with information and distractions. Key topics explored include the importance of adopting contrarian thinking, timeboxing, operational excellence, leadership skills, leveraging AI and technology, and abandoning practices like searching for unicorn team members, holding a fixed mindset, and neglecting work and life balance. Stuart and Shelley emphasize the significance of understanding profitable growth, building high-quality teams, and the steps necessary to effectively implement recommended changes. To access the report, click on the link here. To access the Mindshop Growth and Profit Diagnostics, click on the link here 00:00 Introduction and Podcast Revival 00:47 Goals for the Podcast Relaunch 02:09 Discussion on MindShop Report 03:34 Adopting New Strategies for Business 20:38 Abandoning Old Practices for Business Growth 30:39 Steps to Take Action and Conclusion

May 18, 202329 min

Budget 2023

In this podcast, Stuart Wilkinson and Shelley Dickson discuss the New Zealand budget and its implications for business owners. They highlight key points such as the extension of early childhood care assistance programs, the scrapping of prescription co-payments, and free public transport for children under 13. They also mention the significant investment in infrastructure, including a focus on cyclone relief and support for apprenticeship programs. One important change discussed is the increase in the trust tax rate from 33% to 39%, which may impact individuals using trusts for tax minimization purposes. The hosts also touch on the need for infrastructure development to keep up with population growth and migration. They speculate on potential tax changes in the upcoming election year to address the country's debt and funding requirements. Overall, the discussion covers various aspects of the budget and its implications for businesses and individuals in New Zealand. Hosted on Acast. See acast.com/privacy for more information.

October 27, 202238 min

Cyber Security

In today's episode, we discuss cyber security with RightWay's IT specialist Callum! We delve into the types of attacks that are frequently becoming problematic for business owners, such as ransomware, comprised business emails, and phishing scams. We also look into ways to protect yourself from an insider threat and how to protect your data from a breach. Filled with practical tips and advice from both ex-business owners and our IT guru this episode is not to be missed! During the episode we reference the following: https://www.cert.govt.nz/ BBC World Service - The Lazarus Heist - Downloads To find out more about RightWay, check out our website or any of social media channels Website - www.rightway.co.nz Facebook - RightWay - Home (facebook.com) Linkedin - RightWay Linkedin Instagram - RightWay - Instagram YouTube - RightWay - YouTube

October 10, 202246 min

What's in the news! - Offical Cash Rate Increase, Income Insurance Scheme and Fair Pay Agreements

On today's show, Stuart and Dave thought it was time to go through some of the stories that have been in the news that affect business owners.They discuss the latest rise in the Offical Cash Rate and what this means to lending, interest costs and potential ripple effects.They then dive into a couple of proposed legislative changes which could affect Business Owners. Fair Pay agreements and a national income insurance scheme. They discuss these initiatives and how they could affect business owners.In the episode, they reference a couple of articles which you can find links for below:A New Zealand Income Insurance Scheme – What does this mean? | Tax Alert - March 2022 | Deloitte New Zealandfair-pay-agreements-thought-leadership-august-2021.pdf (pwc.co.nz)To find our more about RightWay, check out our website or any of social media channelsWebsite - www.rightway.co.nz Facebook - RightWay - Home (facebook.com)Linkedin - RightWay Linkedin Instagram - RightWay - InstagramYouTube - RightWay - YouTube Hosted on Acast. See acast.com/privacy for more information.

September 29, 202239 min

Wellbeing

As it's Mental Health Awareness Week in New Zealand, we decided to discuss an important discipline every business owner should work on prioritising... their mental health! During the episode we call on Dave's well-being expertise, through his previous employment as a personal trainer, to provide a few tips and tricks to help you make your wellbeing a priority both at work and at home.To find out more about RightWay check out our website or any of our social media channels,Website - www.rightway.co.nzFacebook - RightWay - Home (facebook.com)Linkedin - RightWay LinkedinInstagram - RightWay - InstagramYouTube - RightWay - YouTubeIf you would like to suggest a topic of discussion please email marketing@rightway.co.nz Hosted on Acast. See acast.com/privacy for more information.

September 8, 202244 min

Awareness . Consideration . Decision (Part 2)

In part two of our sales and marketing discussion, Dave and Stuart discuss how you convert a sale. In part one, they dove into marketing your product/service and defining your customer, now, in part 2 they dig into the process of selling!During the episode, they discuss how a good sales process can make a huge difference to the time it takes to get a sale over the line and how much it can increase the chance of a conversion. They talk through real-life examples, which all business owners can relate to. Finally, they discuss how technology can help you be more efficient with your time.During the episode, Stu discusses taking your admin online and references: Released - Award Winning NZ Virtual Assistant Team for Trade ProfessionalsTo find out more about RightWay check out our website or any of our social media channels,Website - www.rightway.co.nzFacebook - RightWay - Home (facebook.com)Linkedin - RightWay LinkedinInstagram - RightWay - InstagramYouTube - RightWay - YouTubeIf you would like to suggest a topic of discussion please email marketing@rightway.co.nz*Please be aware this episode does contain one piece of bad language. Hosted on Acast. See acast.com/privacy for more information.

September 1, 202235 min

Awareness . Consideration . Decision

In today's episode, we focus on growth and how you start the process of looking to grow your business. We look at who your customer is and how this can affect your business model. We use a number of real-life examples to show the importance of knowing your customer and looking at who your competition is. This may be different from what you have traditional thought...To find out more about RightWay check out our website or any of our social media channels,Website - www.rightway.co.nzFacebook - RightWay - Home (facebook.com)Linkedin - RightWay LinkedinInstagram - RightWay - InstagramYouTube - RightWay - YouTubeIf you would like to suggest a topic of discussion please email marketing@rightway.co.nzWithin the episode, we reference Rollers Bakery and their amazing donuts! ROLLERS BAKERY (@rollersbakerynz) • Instagram photos and videos Hosted on Acast. See acast.com/privacy for more information.

August 24, 202222 min

Keeping An Eye On Gross Profit

Gross profit is one of the most important financial metrics to keep an eye on in your business. It has a significant impact on the overall profitability of your business and cash flow. As businesses grow and develop multiple revenue streams, having visibility over gross profit can become difficult. Today, Dave and Stuart discuss why it’s important to focus on your gross profit, how you can start to get visibility of your gross profit, and the benefits of maximising your margin.To find out more about RightWay check out our website or any of our social media channels,Website - www.rightway.co.nzFacebook - RightWay - Home (facebook.com)Linkedin - RightWay LinkedinInstagram - RightWay - InstagramYouTube - RightWay - YouTubeIf you would like to suggest a topic of discussion please email marketing@rightway.co.nz Within the episode, we reference an episode on the Tim Ferris podcast, where he interviews James Dyson. Here is a link to the episode - https://tim.blog/2021/09/02/james-dyson/ Hosted on Acast. See acast.com/privacy for more information.

August 11, 202213 min

Provisional Tax and Tax Management

In this episode of the Better Business, Better Business Podcast we learn to understand Provisional Tax and how Tax Management can really help when it comes to managing cashflow issues within your business.To find out more about RightWay check out our website or any of our social media channels,Website - www.rightway.co.nzFacebook - RightWay - Home (facebook.com)Linkedin - RightWay LinkedinInstagram - RightWay - InstagramYouTube - RightWay - YouTube Hosted on Acast. See acast.com/privacy for more information.