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15-08-2018, 10:49 AM
#1371
This Twitter thread shows how bitter and twisted some are around the Beehive .....even JT would be indignant
Good for a bit of entertainment if nothing else
https://twitter.com/matthewhootonnz/...07305696354304
Matthew Hooton (@MatthewHootonNZ)
13/08/18, 7:33 PM
The Prime Minister had drinks in her office on Thursday with journalists, to explain to them how she didn't want Baby Neve to be used for political purposes. Baby Neve was then passed around the assembled journalists so each of them could have a cuddle.
Last edited by winner69; 15-08-2018 at 10:51 AM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-08-2018, 10:56 AM
#1372
Originally Posted by winner69
Its no surprise. We have had successive governments push Working For Families, Minimum Wage, PAy Equity and the Living Wage. All this drives up wage costs - but not one single word about a need ot see those recieving thes encreases being even a tad more productive. I'd go as far as saying these policies are actually a disincentive to be more productive.
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15-08-2018, 11:44 AM
#1373
Originally Posted by Joshuatree
Int discussion wth XERO managing director Chris Hudson on national radio this morn.
Data on small business insight
Small business , 20 employees or less make up re 29%of gdp
Core platform data from 300,000 subscriptions analysed into 5 metrics
More and more accurate data then the govt has and it will be released every 4 months
XERO are highlighting a part of the economy that hasn't had the light of day for a long time.
Small business doing better than last year, with a 7-10% growth
Hiring over and above the national average
Month on month there is a slight slowing from a gallop to a canter but that could be seasonality, winter construction etc.
Time to being paid has improved 5.1% a very positive metric
A very different story on where business confidence is. A political football being kicked around. Small business is stable, a glass half full positivity. But this is being undermined. The gloomy perceptions being pushed by media and the opposition, putting doubt into small business minds, talking ourselves into a hole. Its actually going well and they are looking to hire more staff but because of what they are hearing through the media maybe they won't hire. talking ourselves into gloominess. false perception can become reality.
Thats what i call being traitor to your country, pushing the fake news ,like some are...
Interesting only about 50% of SMEs are cash flow positive
https://www.xero.com/nz/resources/sm...ric/cash-flow/
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-08-2018, 12:01 PM
#1374
Originally Posted by winner69
What on earth is a 'cash flow positve business'; is it simply a euphemism for 'profitable'?
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15-08-2018, 12:42 PM
#1375
Originally Posted by winner69
Thanks w69, thats the XERO stats laid out clearly for small business.
Cameron Bage..... stated 6 C risks to the economy many out of our control
Contagion risk
Currency
China
Cost of funds
Commodity prices
Confidence, the one thing we can deal with and correct where necessary.
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15-08-2018, 01:59 PM
#1376
Originally Posted by fungus pudding
What on earth is a 'cash flow positve business'; is it simply a euphemism for 'profitable'?
Think it means you spend less cash than what you get in.
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15-08-2018, 03:27 PM
#1377
Originally Posted by winner69
Think it means you spend less cash than what you get in.
I presume that's what it means; but surely 50% of SME's are not running at a loss? Bit of a worry if that's anywhere near the case.
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15-08-2018, 03:44 PM
#1378
Originally Posted by fungus pudding
I presume that's what it means; but surely 50% of SME's are not running at a loss? Bit of a worry if that's anywhere near the case.
Its a bit old, but written in positive times: 10 businesses go bust a day
https://www.pinpointbusiness.co.nz/s...sinesses-fail/
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15-08-2018, 03:52 PM
#1379
Originally Posted by fungus pudding
I presume that's what it means; but surely 50% of SME's are not running at a loss? Bit of a worry if that's anywhere near the case.
Maybe not as high as 50% running at a loss (cash flow contains capex, working capital etc) but you would be surprised at how many do or make very little real profit.
In a lot of cases it’s a person creating a job for himself and more often or not doesn’t really (or unable to) reward himself for the effort put in ...and the risk taken
SMEs (less than 20 employees) make up about 30-35% of the economy and about 35% of all employees.
It is these business that Labour appear to want to get rid off in their transition to a higher paid workforce and a more productive economy. ‘Theory’ being if an enterprise can’t afford to pay a decent living they should not be in business and the capital moved to more productive business ...or something like that Paul Eagles said when he muttered his way through an explanation of some of Labour policies.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-08-2018, 04:18 PM
#1380
Member
Originally Posted by minimoke
Its no surprise. We have had successive governments push Working For Families, Minimum Wage, PAy Equity and the Living Wage. All this drives up wage costs - but not one single word about a need ot see those recieving thes encreases being even a tad more productive. I'd go as far as saying these policies are actually a disincentive to be more productive.
I'd go so far as to say you are irrational. Working for families does not cost the employer, its all tax credits from the govt to the employee. Employer has nothing to do with it.
Working for families has not pushed up wages, quite the opposite, it has subsidised wages. Employees that wouldn't be able to make ends meet without it have been able to be stay in their jobs because of the handouts, instead of pushing for wage rises to cover their increasing costs of living, or buggering off to somewhere with better pay.
Pay equity is just how it should be, two employees with the same skillset and experience doing the same job should be paid the same.
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