Weekly Digest – 23 December 2020
Thank you for your amazing support during this incredibly busy and challenging year. We hope you and your loved ones enjoy a safe and healthy festive season. We look forward to working with you next year!
As usual, here are the latest updates and some ideas to help us all move forward.
COVID-19 Vaccines to Move From 6 Warehouses to 1000+ Clinics
The Government has already bought nine large -80°C freezers to store 1.5 million doses of the Pfizer-BioNTech vaccine before delivery to more than 1000 clinics across the country.
Prime Minister Jacinda Ardern has said the entire population will be offered a vaccine from mid-2021.
390,000 App Users Turned On Bluetooth Tracing
Earlier this month, the Ministry of Health improved its NZ Covid Tracer app using technology created by Apple and Google to digitally record a user’s “anonymous handshake” with people they come into contact with using Bluetooth.
About 390,000 have turned on Bluetooth tracing, showing the continued support by the public on the fight against COVID-19.
5 Ideas for Your Business This Holiday Season
The holiday season is upon us. For many businesses, it is the busiest and most profitable time of the year. While it is undoubtedly exciting, it can be a little nerve-wracking at the same time.
Here are 5 ideas for you to prepare and grow your small business during this time of year:
- Create a Holiday-Focused Marketing Campaign– Everyone loves the holidays. So let your target market know that you have what they need through holiday-focused marketing efforts this gift-giving season.
- Stock Up on Extra Inventory– It might be a good idea to have extra inventory in case your holiday sales are better than expected.
- Decorate Your Windows and Stores– If you are operating during the holidays, take time to decorate your storefront to match the season. It will add a festive vibe and draw people’s attention. Meanwhile, if you are running an online business, you can also temporarily change the look and feel of your website or add bits and pieces to project a holiday theme.
- Prepare Your Staff– Expect that it will be busier than usual during the holidays. So set a meeting or train them so they will be prepared in case it gets busy.
- Invest in New Software or Tools– A new bookkeeping, inventory tracking, employee management, or other systems can help your business run more smoothly. If you have the budget, this is the best time to upgrade and gift your business new software or tools.
Interested in more business and finance tips? Contact us and let’s schedule a one-on-one chat.
New Year’s Resolutions For a Better Financial Health in 2021
With all the unexpected twists and turns, challenges, and massive disruptions we’ve experienced in 2020 due to COVID-19, we can all agree how important it is to have a sound financial health to weather storms and bounce back quickly from a crisis.
Here are some money-related resolutions you might want to consider for the coming year:
- Save more– Set up a savings regime, no matter how small.
- Pay off your credit card debt– Get into the habit of paying off your credit card debt in a timely manner to avoid interest and penalties.
- Cook more meals at home– It is not only cheaper, but also more fun especially if you do it with your family.
- Refinance or pay off your mortgage faster– Review your mortgage instead of rolling it over when it matures. You may also want to pay it off faster by switching from monthly to fortnightly payment scheme or making lump-sum payments.
- Get insurance– Insurances provide protection when you need them and can give you peace of mind.
- Stick to your budget– Track your spending and identify expenses you can cut back. Once you’ve set your budget, stick to it.
- Start an emergency fund– The pandemic has taught us it pays to be prepared for anything and this includes having a dedicated fund set aside for such unprecedented events. It is recommended to have at least 3 to 6 months worth of living expenses as your emergency fund.
- Seek expert advice– When making crucial personal or business financial decisions, getting advice from an expert can make a huge difference.
Let us be your partner throughout your financial journey–get in touch with us for unbiased, independent advice.
New $40 Million COVID-19 Fund Opens
Te Tari Taiwhenua Department of Internal Affairs has announced that a new lottery fund has opened. The fund will provide one-off grants for community and social initiatives that will ensure that iwi, hapū and communities across New Zealand are safe and resilient following COVID-19.
More details about applying for funding can be found on the Community Matters website. If you need help in assessing your eligibility or considering other funding options available to you, feel free to contact us.
Get in touch
Contact us if you have any questions or want to discuss the next steps for your business. Otherwise, we’ll resume this digest in January.