Is the honeymoon over for Labour ?

[Joshuatree]

Bridges is the true spray and walk away spin man. wonder who his spin agency is, crosby/textor? Or a Mr joyce.

[artemis]

Bridges is the true spray and walk away spin man. wonder who his spin agency is, crosby/textor? Or a Mr joyce.

Well that was a valuable addition to the discussion.

[Joshuatree]

Thanks , appreciate that. I guess Bridges honeymoon period is well over, must feel like the Sword of Damocles is hanging over him, with him not making any dents just spraying out fiction as fact. Judith will be hovering too with that cheshire cat smile and then the Prime Minister will be back before long, maybe if someone sent him some berroca?

[Beagle]

This confirms the sentiment of what I am hearing from small business owners.
Small business confidence at its lowest ebb since the depths of the GFC in March 2009. https://www.nzherald.co.nz/business/...ectid=12092273

[winner69]

This confirms the sentiment of what I am hearing from small business owners.
Small business confidence at its lowest ebb since the depths of the GFC in March 2009. https://www.nzherald.co.nz/business/...ectid=12092273

All part of the big plan to get rid of unproductive businesses and move that capital to more productive businesses / sectors

Essentially saying if they can’t pay staff heaps more as well as cope with current economic conditions they shouldn’t be in business.

How does a suburban accountant counsel his clients who are feeling a bit down these days?

[fungus pudding]

All part of the big plan to get rid of unproductive businesses and move that capital to more productive businesses / sectors

Essentially saying if they can’t pay staff heaps more as well as cope with current economic conditions they shouldn’t be in business.

How does a suburban accountant counsel his clients who are feeling a bit down these days?

I doubt it would only be suburban accountants.

[Beagle]

All part of the big plan to get rid of unproductive businesses and move that capital to more productive businesses / sectors

Essentially saying if they can’t pay staff heaps more as well as cope with current economic conditions they shouldn’t be in business.

How does a suburban accountant counsel his clients who are feeling a bit down these days?

Good question mate. I'm advising clients to be very cautious in this environment. Don't take any unnecessary risks, (be very conservative) and don't go out on a limb in regard to any project, capex item or offer of employment to extra staff hoping "she'll be right" because it probably won't be. My sense is there's a real chance this big left wing social experiment ends in tears for a lot of people and my role is to try and help ensure none of those are my clients. Personally, I'm battening down the hatches in terms of any capex. I guess if every small business does that its almost inevitable we end up in recession...

[winner69]

Good question mate. I'm advising clients to be very cautious in this environment. Don't take any unnecessary risks, (be very conservative) and don't go out on a limb in regard to any project, capex item or offer of employment to extra staff hoping "she'll be right" because it probably won't be. My sense is there's a real chance this big left wing social experiment ends in tears for a lot of people and my role is to try and help ensure none of those are my clients. Personally, I'm battening down the hatches in terms of any capex. I guess if every small business does that its almost inevitable we end up in recession...

Tony Alexander made a good point the other day

.....That is one reason why businesses are failing despite a strong economy and if you are supplying a business in a strong sector you should not assume payment is guaranteed. Plenty of businesses these days are trading beyond their means making bold assumptions about finance, costs, labour availability etc. and when they go down you risk getting dragged under as well if your exposure is great.

[Beagle]

Tony Alexander made a good point the other day

.....That is one reason why businesses are failing despite a strong economy and if you are supplying a business in a strong sector you should not assume payment is guaranteed. Plenty of businesses these days are trading beyond their means making bold assumptions about finance, costs, labour availability etc. and when they go down you risk getting dragged under as well if your exposure is great.

Good point mate. All the basics need to be managed carefully. As you quite rightly point out if one customer gets too big and one has supplied a lot of products and services on standard commercial terms and they start to get behind, get in quick, "the squeaky wheel gets the oil" One client in the construction sector is really struggling to get paid for his work at present, super slow payment terms in that industry is a really serious issue. He told me the other day he could write an entire book with the creative excuses he's been told as to why customers can't pay him on normal commercial terms.
Cash flow is the lifeblood of business. I am advising people to keep their noses clean and maintain tight discipline around their costs including their personal spending.

[Raz]

All part of the big plan to get rid of unproductive businesses and move that capital to more productive businesses / sectors

Essentially saying if they can’t pay staff heaps more as well as cope with current economic conditions they shouldn’t be in business.

How does a suburban accountant counsel his clients who are feeling a bit down these days?

Yeah lets all work in the Local or Government sector...it will end in tears... Governments do not understand the SME sector.