COVID-19 Business Update – 25 November 2020

Hello again – welcome to the latest edition of our Weekly Digest. Read on for the latest updates and some ideas that will help us all move forward. Government Working Through Ramifications of Vaccine The Government is working out how many people would need to be vaccinated against COVID-19 before the borders could be opened. According to COVID-19 Response Minister Chris Hipkins, it could still be 12 to 18 months…  Read more

COVID-19 Business Update – 18 November 2020

Hello again – welcome to the latest edition of our Weekly Digest. Read on for the latest updates and some ideas that will help us all move forward. Government Fast Tracks $2.9 Million for NZ Biotech Firm to Build Vaccine Lab The Ministry of Business, Innovation & Employment has approved a $2.9 million payment for Biocell to upgrade its research facility in Papatoetoe, Auckland to manufacture a potential COVID-19 vaccine.…  Read more

COVID-19 Business Update – 4 November 2020

Hello again – welcome to the latest edition of our Weekly Digest. Read on for the latest updates and some ideas that will help us all move forward. Investment in NZ Startups Remains Stable Despite Lockdowns Investment in New Zealand startups has remained resilient despite the business disruption brought by COVID-19 restrictions, according to the latest Startup Investment report from PwC and the Angel Association. Deep tech and SaaS (software…  Read more

COVID-19 Business Update – 28 October 2020

Hello again – welcome to the latest edition of our Weekly Digest. Read on for the latest updates and some ideas that will help us all move forward. NZ Exports Holding Up Despite COVID-19 Crisis Latest figures by Stats NZ show a decline of $5.9 billion in imports and a $1.2 billion increase in exports for September 2020 compared to the same period last year. This resulted in an annual…  Read more

COVID-19 Business Update – 21 October 2020

Hello again – welcome to the latest edition of our Weekly Digest. Lately, economists have been talking about a “K-shaped” recovery from the current recession. As this article in The Conversation explains, this kind of recovery happens when different parts of the economy recover at different rates. White-collar workers who can more easily work remotely may have an easier and faster path to recovery than blue-collar and service workers who…  Read more

COVID-19 Business Update – 15 October 2020

Hello again – welcome to the latest edition of our Weekly Digest. Read on for this week’s update. Survey: NZ Businesses Prepared to Innovate In an Asia Pacific survey by Microsoft, about a quarter of 420 New Zealand businesses were leaders in promoting innovation, significantly more than the Asia Pacific average of 8%. It was also found that nearly two-thirds of New Zealand organisations were speeding up the adoption of…  Read more

COVID-19 Business Update – 7 October 2020

Hello again – welcome to the latest edition of our Weekly Digest. Read on for this week’s update. Auckland to Move to Alert Level 1 Auckland will move to Alert Level 1 at 11.59pm on Wednesday night. Under level 1, Aucklanders will now be able to go about life as usual, which is great news as it will likely mean business activity will pick up. However, it is important to…  Read more

Why You Need a Financial Plan

Countries in recession, unemployment rates rising, multiple economic indicators at their all-time lows, increased market volatility– these are just some of the economic impacts we’re seeing as a result of the pandemic. As we continue to battle the COVID-19 crisis, it is important for everyone, especially those who have had their income stream affected, to keep their finances in check and proactively find ways to navigate to recovery. By creating…  Read more

How to get your business noticed on a shoestring budget

Very few small businesses have a huge marketing budget to work with. Fortunately, there are a number of simple, free and low cost ways to get the word out about your company that are also highly effective. These tips will show you five simple ways to promote your local business without breaking the bank. Get free press Advertising rates for local newspapers and radio stations can be way too costly…  Read more

COVID-19 Business Update – 16 September 2020

Hello again – welcome to the latest edition of our Weekly Digest. Read on for this week’s update. Restrictions to be Lifted in Most of Country on Sep 21 COVID-19 restrictions will be lifted across the country on September 21, except in Auckland, which has been the centre of the second wave of infections. However, cabinet will review the current rules for Auckland at its September 21 meeting, potentially increasing…  Read more

What’s the difference between a quote and an estimate?

The nature of some types of businesses make it challenging to come up with a standard price list. For tradespeople and some freelancers, for instance, what’s required in terms of time, skill, labour, and materials frequently vary from job to job. Offering an estimate or quote provides potential clients with a customised figure for what they can expect to pay, based on what will be required to complete a specific…  Read more

Improving cash flow: How to get paid faster

Maintaining positive cash flow can be challenging for small businesses, whether you’re just starting out or have been running your company for years. The difficulty often comes down to waiting for clients to pay their invoices. One or two chronic late payers cost valuable time and money when you have to chase them down; if reliable clients also fall behind one month, the result can be devastating. These tips will…  Read more

Essential Tips to Grow Your Family Business

Most family business owners have a similar goal in mind – to grow the business and pass it on to the next generation of their family. While keeping the business in the family and getting to work with your parents, siblings, or children who share common goals can be a fun and rewarding experience, running and growing a family-owned business isn’t without its challenges. Conflicting views on business and family…  Read more

COVID-19 Business Update – 9 September 2020

Hello again – welcome to the latest edition of our Weekly Digest. Read on for this week’s update. Keeping Auckland at Alert Level 2.5 Mayor Phil Goff says keeping Auckland at Alert Level 2.5 is the right decision and is asking residents to continue playing their part. Moving too early can cause further resurgence of the virus, so everyone is urged to stay the course. At Alert Level 2.5, social…  Read more

Investment Basics – Understanding Your Gains And Losses

When you’re reviewing your investments, it’s important to remember that income and returns come from two main sources, Capital Gains and Interim Income.   Capital gain (or loss) This is the difference in the overall value of your investment between when you purchased it and now (or the date that you sold it.) You can work it out as: ((Current or sale price per unit – purchase price) * number…  Read more

Growth hacks for your small business

Deciding on an online marketing plan can be overwhelming for small business owners looking for affordable ways to nurture steady, sustainable growth. With time in short supply, the key is to find one or two growth strategies that will get results at minimal cost. These proven growth hacks offer business owners a few simple, cost-effective ideas for attracting new customers, increasing brand awareness, and ultimately, getting more sales. Build your…  Read more

Business dashboard – why should you have it?

Business dashboards are a valuable business intelligence tool, offering an “at-a-glance” big picture view of a company’s performance. Some business owners use a dashboard to track KPIs relevant to just one aspect of their business, such as sales growth, marketing, or financial data. Others rely on an executive dashboard for an overview of data culled from various sources (e.g. their accounting software, CRM tools, and website analytics). The great advantage…  Read more

COVID-19 Business Update – 3 September 2020

Hello again – welcome to the latest edition of our Weekly Digest. Read on for this week’s update. Auckland Lockdown Lifted While schools and businesses reopened this week in Auckland after the lifting of the recently imposed lockdown, face masks were made mandatory on public transport across the country. This move is intended to contain the resurgence of COVID-19. Limits on social gatherings in Auckland also remain, while the rest…  Read more

How to Avoid Costly Inventory Problems

Inventory is the lifeblood of your business. It is the largest asset on your balance sheet and your company’s biggest revenue-generator. It goes without saying that poorly managed inventory can do serious damage to your bottom line. Businesses without clear strategies for streamlining the in and out flow of goods will have trouble meeting their customer’s demands and will see mismanaged stock corrode their profits. Follow these tips to ensure…  Read more

Nine Ways to Become a Better Investor

Everyone would like to become a better investor. People get into a twist trying this method and that only to abandon them for the next new thing. There’s an easier way, and it involves following a few simple suggestions.   Stop watching the market and start your watching stocks Just because the market is frothy doesn’t mean your stock’s price is. Just because the market is sinking doesn’t mean your…  Read more

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