Convenience funding might be quick but can come at a cost…
We’ve all become time poor and look for opportunities to get things done quickly and with little fuss. This has led to increased use of online platforms with matrix driven (no human involvement) approvals and while this can make sense for low value and simple finance needs it can lead to significant cash flow problems with larger capital purchases, business purchases or where there is an accumulation of smaller value asset purchases.
The convenience trap can affect you in the following ways:
· For larger capital purchases/business purchases – because this generally involves assets that have more complexity and need for understanding around them, an online approach for finance will rarely work well. This is because it is too challenging to capture any in-depth understanding of the asset itself or its economic or useful life in your business. Any approval here will likely be on terms that suit the financier best and with little or no consideration of whether this makes sense for your business or considering the impacts on cash flow.
Poll: When should the tree go up? 🎄
From what we've heard, some Christmas trees are already being assembled and decorated.
What are your thoughts on the best time to get your Christmas tree up?
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4.8% Second half of November
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43.6% 1st December
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17.7% A week before Christmas
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32.8% Whenever you wish
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1.1% Other - I'll share below
Live Q&A: Garden maintenance with Crewcut
This Wednesday, we're having another Neighbourly Q&A session. This time with John Bracewell from Crewcut.
John Bracewell, former Black Caps coach turned Franchisee Development Manager and currently the face of Crewcut’s #Movember campaign, knows a thing or two about keeping the grass looking sharp—whether it’s on a cricket pitch or in your backyard!
As a seasoned Crewcut franchisee, John is excited to answer your lawn and gardening questions. After years of perfecting the greens on the field, he's ready to share tips on how to knock your garden out of the park. Let's just say he’s as passionate about lush lawns as he is about a good game of cricket!
John is happy to answer questions about lawn mowing, tree/hedge trimming, tidying your garden, ride on mowing, you name it! He'll be online on Wednesday, 27th of November to answer them all.
Share your question below now ⬇️
Poll: Should all neighbours have to contribute to improvements?
An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.
When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?
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82.5% Yes
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14.6% No
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3% Other - I'll share below
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