Better Business, Better Life RightWay Ltd

In this podcast episode, Ben Lynch shares his journey into the world of open banking, starting from a personal need to avoid bank overdraft fees. This led him to develop a solution that allowed automatic fund transfers between his accounts. This side project eventually paved the way for his involvement in creating open banking solutions. He discusses the concept of open banking, its current status in New Zealand, and the potential regulations that might shape its future. Ben also introduces Akahu and Dolla, platforms that aim to streamline banking and payment processes for individuals and small businesses, illustrating the practical applications and benefits of open banking. The episode highlights the possibilities open banking presents for improving financial management and the challenges of adopting it in markets like New Zealand. To find out more about Akahu and Dolla, check out the links below.

www.akahu.nz
www.dolla.nz

00:00 Welcome to the Podcast & Introduction to Open Banking
00:22 Ben's Journey: From Personal Banking Frustration to Open Banking Pioneer
05:23 The Evolution of Open Banking and Its Impact
11:58 The Current State and Future of Open Banking in New Zealand
22:04 Exploring the Potential of Open Banking for Businesses and Consumers
30:14 Addressing Security Concerns and the Path Forward for Open Banking
35:14 Closing Thoughts and the Future of Open Banking Applications



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In this episode of the Better Business, Better Life podcast, hosts Stuart Wilkinson and Shelley Dickson discuss the relaunch of their podcast with a focus on sharing insights and lessons from their client experiences, the inclusion of guest speakers on pertinent business topics, and the importance of engaging with their audience for content ideas. They delve into a report by MindShop titled 'What to Adopt and What to Abandon' aimed at business leaders, which outlines actionable strategies for business growth and improvement. The report highlights the need for businesses to focus on their plans, strategies, and, most importantly, implementation, amidst a world crowded with information and distractions. Key topics explored include the importance of adopting contrarian thinking, timeboxing, operational excellence, leadership skills, leveraging AI and technology, and abandoning practices like searching for unicorn team members, holding a fixed mindset, and neglecting work and life balance. Stuart and Shelley emphasize the significance of understanding profitable growth, building high-quality teams, and the steps necessary to effectively implement recommended changes.
To access the report, click on the link here.
To access the Mindshop Growth and Profit Diagnostics, click on the link here
00:00 Introduction and Podcast Revival
00:47 Goals for the Podcast Relaunch
02:09 Discussion on MindShop Report
03:34 Adopting New Strategies for Business
20:38 Abandoning Old Practices for Business Growth
30:39 Steps to Take Action and Conclusion

In this podcast, Stuart Wilkinson and Shelley Dickson discuss the New Zealand budget and its implications for business owners. They highlight key points such as the extension of early childhood care assistance programs, the scrapping of prescription co-payments, and free public transport for children under 13. They also mention the significant investment in infrastructure, including a focus on cyclone relief and support for apprenticeship programs. One important change discussed is the increase in the trust tax rate from 33% to 39%, which may impact individuals using trusts for tax minimization purposes. The hosts also touch on the need for infrastructure development to keep up with population growth and migration. They speculate on potential tax changes in the upcoming election year to address the country's debt and funding requirements. Overall, the discussion covers various aspects of the budget and its implications for businesses and individuals in New Zealand.
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In today's episode, we discuss cyber security with RightWay's IT specialist Callum!

We delve into the types of attacks that are frequently becoming problematic for business owners, such as ransomware, comprised business emails, and phishing scams. We also look into ways to protect yourself from an insider threat and how to protect your data from a breach.

Filled with practical tips and advice from both ex-business owners and our IT guru this episode is not to be missed!

During the episode we reference the following:


https://www.cert.govt.nz/
BBC World Service - The Lazarus Heist - Downloads

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On today's show, Stuart and Dave thought it was time to go through some of the stories that have been in the news that affect business owners.
They discuss the latest rise in the Offical Cash Rate and what this means to lending, interest costs and potential ripple effects.
They then dive into a couple of proposed legislative changes which could affect Business Owners. Fair Pay agreements and a national income insurance scheme. They discuss these initiatives and how they could affect business owners.
In the episode, they reference a couple of articles which you can find links for below:
A New Zealand Income Insurance Scheme – What does this mean? | Tax Alert - March 2022 | Deloitte New Zealandfair-pay-agreements-thought-leadership-august-2021.pdf (pwc.co.nz)
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Website - www.rightway.co.nz Facebook - RightWay - Home (facebook.com)Linkedin - RightWay Linkedin Instagram - RightWay - InstagramYouTube - RightWay - YouTube


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As it's Mental Health Awareness Week in New Zealand, we decided to discuss an important discipline every business owner should work on prioritising... their mental health!
During the episode we call on Dave's well-being expertise, through his previous employment as a personal trainer, to provide a few tips and tricks to help you make your wellbeing a priority both at work and at home.
To find out more about RightWay check out our website or any of our social media channels,
Website - www.rightway.co.nzFacebook - RightWay - Home (facebook.com)Linkedin - RightWay LinkedinInstagram - RightWay - InstagramYouTube - RightWay - YouTube
If you would like to suggest a topic of discussion please email marketing@rightway.co.nz

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