Have an emergency fund
If you’re just starting out, an emergency fund might seem like the last thing on your mind, especially if you’re pooling together all of your resources to set up your business in the first place. But because any number of things can go wrong, it’s a good idea to keep some cash safely aside if you ever need it. If for some reason the work dries up, or you have unexpected bills to pay, it’ll be a lifesaver to know that you’ve planned ahead and have the finances to manage it.
Be strict with your contracts
Although you might be doing some work for family and friends, in order to protect yourself and your earnings you need to have a watertight contract set up so everyone is on the same page. It should state your terms and expectations, particularly around payment, and it should outline the process if these terms are not met. Every client you have needs to sign your contract and also have a copy of it on hand. It’s a good investment to get a lawyer to look over your contract before you send it out to clients.
Sort your insurance
This is one thing that needs to be done first thing, but it can often seem too complicated. Luckily our expert team is here to help! Depending on the size of your business and what it is that you do, there are a few different types of insurance you’ll need to make sure you’re 100% covered. Things like asset insurance, indemnity, commercial property insurance and business interruption insurance are often key insurances a business needs. Book in a time to have a chat with us if you’re not sure what you need and what you don’t!
Separate personal and business
Regardless of the type and size of your business, one of the key factors when keeping yourself protected is ensuring that your personal life and assets are kept separate from your business. Often in the initial growth stages, people tend to use their personal assets to help finance the business, but this is not advised as it can lead to all sorts of problems down the track. There are different business structures that you can set up to keep personal and business separate and it’s a good idea to look into the structure that best suits you.
Here at Haven, we love to see businesses thrive, no matter what stage they’re at. The last thing we want is for you to lose something of value to you or to be in a difficult situation because there wasn’t an important element of protection in place. Come and have a chat with us and we can get you sorted!
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Disqualified Participants’ are: (a) all Haven Financial Advisers employees (b) all people under the age of 18 years (c) all people without a qualifying delivery address.
Or,
Refer someone else to complete a financial review with any of Haven’s advisers for any service during the entry period and if they complete the review you will receive one entry each into the Competition.
The Winners will be determined by Haven Financial Advisers and will be final and no correspondence will be entered into.
The Winners will be notified by email, phone (voice or text), mail or in person. Where attempts to contact a Winner fail (e.g. when the Winner cannot be contacted by phone after three attempts or mail sent is returned) Haven Financial Advisers will select another winner. If, after successful notification, the prize is not collected within two months of being announced, it will be regarded as forfeit. (Note: 3 attempts to contact the Winner will include individual calls to any numbers provided at the time of entry.
Where the Winner is required to claim the prize in person, they must provide proper identification (eg driver’s licence, passport, birth certificate).
The Winner takes the Prize entirely at his/her own risk and indemnifies Haven Financial Advisers in respect of any claim for any accident, injury, property damage or loss of life that may occur in connection with the prize. The Winner is responsible for all insurance, tax or other costs that may be associated with the Prize. Where the Prize has associated terms and conditions the Winner accepts the Prize subject to those terms and conditions and restrictions.
The Prize must be taken as stated and no compensation will be payable if the Winner is unable to use the Prize as stated.
The Promoter (Haven Financial Advisers Limited) will not be liable for any prize(s) that do not reach the winners for reasons beyond the Promoter’s reasonable control. Where a prize is being supplied by a third party, the Promoter accepts no responsibility in connection with the provision of the prize, including without limitation, the failure of the winner to receive ownership of, or use of, the prize or any performance issues associated with the prize.
The Promoter will not be liable for failure to provide (or delay in providing) the Prize resulting from any events, circumstances or causes beyond its reasonable control, including but not limited to acts of god (natural disasters), acts of war or terrorism, national emergencies, issues of public health and safety, pandemic, mechanical breakdown, industry disputes, riots or failure of communication or power supply or voluntary or involuntary compliance with any regulation, law or order of any government.
Prizes may be subject to additional terms and conditions imposed by a third party.
The Promoter will not be responsible for any loss or damage suffered by entrants or anyone else as a result of, arising out of, or in any way connected with the Promotion or its prizes.
The Promoter collects and holds personal information provided by entrants for the purposes of administering this Promotion and for future Promoter promotional purposes. All personal information provided by entrants will be held by the Promoter and will not be provided to third parties unless otherwise specifically set out. Under the Privacy Act 2020, entrants have the right to access and correct their personal information.
The Haven Travel Promotion is only open to legal residents of New Zealand who are eighteen (18) years of age or older.
Disqualified Participants’ are: (a) all Haven Financial Advisers employees (b) all people under the age of 18 years.
The Competition begins on Monday 13th March 2023 to Wednesday 31st May 2023.
Complete a financial review with any of Haven’s advisers for any service during the entry period and you will receive one entry into the Competition.
The final winner will be drawn on Monday 5th June via random selection by Haven Financial Advisers.