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Business Buddy U

11-Oct-2017

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Digital marketing made easy

Learn how to scale your business online at an exciting new BUSINESS buddy workshop on 12-1pm Tuesday, October 31 2017.

10-Oct-2017 Kirsten Hawke

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To Airbnb or to not Airbnb, that is the question

The idea of renting your accommodation through Airbnb seems like the perfect way to turn empty holiday homes or spare bedrooms into income earning assets.

10-Oct-2017 Kat Bond

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Why profit isn’t the problem and cashflow is king

What is cashflow management? In its simplest form, cashflow management is doing everything possible to ensure that money flows into your business as quickly as possible, and leaves the business as slowly as possible.

10-Oct-2017

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Should Your Business Give Trade Discounts?

Many businesses use trade discounts to simplify variable pricing, protect a market recognised price point, stimulate sales or reward customer loyalty.

10-Oct-2017

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Encourage teamwork in the workplace to enhance stock control

In any business, large or small, good teamwork is essential for morale, productivity and efficiency.

28-Sep-2017 Brad Halcrow

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You gotta dig the No Dig method

Dennis Yarrow began Yarrow Plumbing back in 2003. Before that, he cut his teeth in the plumbing industry working in Papua New Guinea where he learned how to manage a team of 50 (and some other life skills he hadn’t bargained for).

28-Sep-2017

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Brewery Inventory Management Up In The Cloud

Brewery inventory management can be done in a variety of ways. Often, companies will rely on a combination of methods, including web apps, written notes and spreadsheets.

28-Sep-2017 Richard Francis

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Action Planning for client success

When I designed the first Spotlight Reports, I usually included an Action Plan to close the circle between great data analysis and goal-setting.

28-Sep-2017 Francesca Nicasio

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5 Subtle Signs That Your Retail Store Is in Trouble (and What to Do About Them)

Have you ever heard about the parable of the boiling frog?

27-Sep-2017

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Teamwork: A Key Ingredient For A Successful Business

Aside from efficient inventory management, teamwork is an incredibly important component of the ‘successful business’ recipe and if left out, the result can be a real flop.

27-Sep-2017 Kirby Carabana

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4 Tell tale signs that you need a new HR system

These days, managing HR in a growing business is a constant task. As an HR manager, you’re probably overloaded with work and you never seem to get to the bottom of it all.

27-Sep-2017 Rebecca Fowler

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3 Forecasts Your Business Needs To Succeed

Forecasting is the process of estimating the effects trends, costs and external factors will have on your business in order to give yourself time to prepare.

27-Sep-2017 Kirsten Hawke

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Unleashing the Huge Power of Small – Building an Amazing Business in Amazing Times

It was great to see so many SME operators play truant from the office Monday morning and head along to our Business buddy business-building sponsored event at the Howick Club, and what an event it was.

To receive ideas and inspiration from one of the world’s leading entrepreneurs, mentors and public speakers was truly special.

27-Sep-2017 Claire Briggs

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How Cloud Technology Has Transformed the Role of Accountants

The role of a tax accountant has continuously changed over the course of the last 50 years, and it is currently undergoing yet another transition period with the growing popularity of cloud accounting.

27-Sep-2017

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Five ways to build a happy team

We have spoken to hundreds of business owners and thousands of their employees over the last twelve years.

27-Sep-2017

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Common Inventory Management Mistakes: A Closer Look

Inventory management can be overwhelming. There can be an incredibly large amount of tangible inventory, which can translate to a huge amount of responsibility and pressure to manage this inventory properly.

26-Sep-2017 Rebecca Fowler

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The Best Xero Add Ons for Business Funding

Whether you’re trying to bridge a cash gap or secure funding to grow your business, the Xero marketplace offers a suite of apps that can help

26-Sep-2017 Francesca Nicasio

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Is Ecommerce Really Killing Brick and Mortar Retail?

Let’s get straight to the point: ecommerce is NOT killing brick-and-mortar retail.

26-Sep-2017

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3 Simple signs your business is ready for a payments platform

At a certain point, every growing business needs to take a leap and invest in new technology. It can be daunting and expensive, but the rewards can greatly outweigh the costs and stress.

25-Sep-2017 Sue Dirst

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9 Expert Tips To Instantly Improve Your Business’ Cash Flow

There are many reasons why you may want to improve cash flow in your business. Maybe you’re looking to free up some cash to put towards growth, or maybe you’d like to build up your cash cushion to protect yourself from any bumps in the road.

13-Sep-2017

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Last days for David Awards voting

Have you shown your support for BUSINESS buddy?
The people’s choice for the David Awards 2017 closes on Friday September 15 and we would love you to vote for our team.

13-Sep-2017 Kirsten Hawke

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Four fab networking tips

If the thought of business networking gives you sweaty palms and a pounding chest then you are not alone.
Often people imagine it involves public speaking or standing in a room making toe-curling small talk with strangers…. cringe…but this fear is usually unfounded.

13-Sep-2017

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How to take your business to the next level

You’ve done the hard work by setting up your business and establishing solid foundations with a good client base – congrats! So how do you expand, and do so profitably?

13-Sep-2017

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UNLEASH the HUGE Power of Small

BUSINESS buddy has pulled off a HUGE coup and have arranged for one of the world’s leading business thinkers and speakers — Paul Dunn — to present a stunning business-building event right here in our region.

We're bursting with excitement and we want to share that excitement with you.

30-Aug-2017 Harriet Phimister

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The Best Xero Accounting Add Ons For 2017

How do you know which Xero Accounting Add Ons to use?

30-Aug-2017 Kirsten Hawke

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We’ve done it again

Not that we like blowing our own trumpet too loudly…. But BUSINESS buddy has made the finals for another award and we need you to exercise your voting fingers, again.

29-Aug-2017

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Using data to drive innovation

We live in a data-driven age - so why not use data in your business to solve problems, be more efficient and invent new products?

29-Aug-2017

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Should Your Business Consider Discount Pricing?

Choosing a pricing strategy is a difficult decision, but one that every business needs to make. Pricing strategy affects most aspects of a business, including its revenue, market share and profitability.

29-Aug-2017

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Penny pinching? Here are some ways to reduce costs

With global recessions, increasing oil prices and increasing competition, saving money wherever possible and thereby maximising profits is the name of the game.

29-Aug-2017

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Four signs it’s time to systemise your staff roster

To be successful in business, you need to be organised, have a clear plan for where you’re headed and be confident with the processes you have in place.

29-Aug-2017 Kirsten Hawke

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Ditch the smart device

BUSINESS buddy loves technology. However, let’s throw it out into cyberspace that to really get the most out of apps, notifications and those bings and bongs – every now and then you should turn off your smart device.

29-Aug-2017

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Accurate Inventory Costing: Why It’s Critical for Success

Even if a business has some other, high value, assets such as factory plant, inventory is likely to essential to the business’ ability to trade profitably.

28-Aug-2017 Nikki Michaels

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Work from Phone: 5 Ways to Use Your Mobile Device to Run Your Retail Business

Mobile technology has revolutionized the way modern society does business and permanently changed the retail landscape.

28-Aug-2017

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Supply Chain Risks and Inventory Management

There are a multitude of things that can go wrong throughout the supply chain, exposing the firm to different kinds of risks.

28-Aug-2017 Don Stephens

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Handheld devices in field service

More than just dispatching machines, handhelds have become as ubiquitous to field service as the screwdriver and wrench.

28-Aug-2017

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Get ready! The millennials are coming…

Millennials – young people born between the 1980s and early 2000s – make up an increasingly large proportion of drinking-age customers. It’s important that good hospitality businesses understand that.

28-Aug-2017 Ryan Murtagh

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6 warning signs that your business is outgrowing your ecommerce platform

There are many factors to consider when you’re selecting an ecommerce platform, and when you first start selling online, it can be hard to find one that’s the right match.

27-Aug-2017 Kirby Carabana

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4 tell-tale signs you need an HR manager right now

No one ever starts a business with the intention of spending most of their time tied up in the administrative tasks that come with operating one.

15-Aug-2017 Kirsten Hawke

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Vote for BUSINESS buddy

BUSINESS buddy has entered The People’s Choice category of The David Awards 2017. With just one click, you can vote for us.

The BUSINESS buddy team is small and determined. They are relentless about delivering their promise to their clients, recognising success comes from its clients' success and their key principle is “Growing your business is our business.”

15-Aug-2017 Kirsten Hawke

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Knowledge is power

As business owners, we can all get so busy focusing on the day-to-day running of our businesses that it can feel impossible to find time to analyse what we’re doing and planning for the future.

BUSINESS buddy realises that there is always something on the to-do list that just can’t wait, however exercising your business skills you will improve your entrepreneurial fitness.

15-Aug-2017

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Want to Create Amazing Customer Experiences? Learn From These 4 Homeware Stores

The homeware and furniture industry has been doing well for the past couple of years, and we expect this trend to continue. The annual expenditure on furniture per US consumer was $502 in 2015 (up from $386). Meanwhile, a report by Furniture Insights found that furniture orders for February 2017 were up 4% from last year.

02-Aug-2017 Kirsten Hawke

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Bitcoin adventure for BUSINESS buddy

In a bold move, BUSINESS buddy has opened a bitcoin account and now we can accept and make payments with the digital currency.
We have done some homework and discovered the background of bitcoin and how businesses can use it.
It is, to say the least, confusing. Here, BUSINESS buddy has a go at explaining and simplifying the futuristic currency.

02-Aug-2017

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How to ensure your jobs are profitable

If you’re in business, making decent money is important. Sometimes, though, it doesn’t always work out the way you’d planned...

29-Jul-2017

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The Benefits of Cloud-Based Software for Manufacturing Businesses

More and more manufacturing companies are beginning to use cloud-based manufacturing systems to improve the way their business functions.

29-Jul-2017

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SMEs and Globalization: A Changing Landscape

Advances in technology over the last two decades have shrunk the world; travel is inexpensive, cross border payments are fast and businesses communicate in real-time.

29-Jul-2017 Anna Cicognani

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Let’s make it clear – Good mobile staff communication is vital

Many small business owners don’t give a second thought about the need for clear communication.

29-Jul-2017 Sue Hirst

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6 Tools Businesses Need to Get Their Finances in Shape

You need to keep track of transactions for the tax office, lenders, but most importantly for yourself, as a business owner.

29-Jul-2017 Nikki Michaels

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6 Retail Books You Need to Read

Helpful and informative retail books abound everywhere you look these days.

27-Jul-2017 David Holland

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No dedicated hr team? You need these essential hr tools and solutions

Every business owner knows that as soon as you start hiring people, there’s a whole heap of important and must-do HR related tasks and compliance requirements that goes with them.

27-Jul-2017 Curtis Thomson

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Machine learning in field service

Machine learning has the power to change how we look at field service – what it means to contractors and customers alike.

27-Jul-2017

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Inventory Management: Five Key Tips for Distributors

Due to the nature of the distribution model where distributors profit by selling inventory to their customers, failing to manage inventory well can be a major liability for distributors.

27-Jul-2017

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Goal: Successful supply chain management

Have you ever sat back and wondered how giant companies such as Apple, Walmart and Ikea became so successful both in their reach and their inventory turnover?

27-Jul-2017 Ryan Murtagh

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Empower your ecommerce customers with a branded mobile app

Over the past five years, mobile devices have begun to dominate the consumer landscape around the world.

27-Jul-2017 Guy Earnshaw

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Are you getting the most out of digital working practices?

Businesses today are quickly adopting cloud software as the benefits become more apparent and even necessary to keep a competitive edge – benefits like less paperwork, greater efficiency, and time savings.

27-Jul-2017 Anna Cicognani

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9 ways to squeeze more profit out of every business day

It’s the Holy Grail of business: increasing the number of profitable hours in a day.

19-Jul-2017 Kirsten Hawke

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Impact of immigration changes on Kiwi businesses

It’s an election year and immigration is a hot topic. Migration to New Zealand is at a record high and while it has significantly boosted the economy, some say it has contributed to Auckland’s housing crisis and pushed infrastructure to breaking point.
In April 2017, the Government announced changes in criteria for people applying for residency under the skilled migrant category (SMC), to stabilise immigration numbers.

19-Jul-2017 Harriet

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The Best Xero Accounting Add Ons For 2017

How do you know which Xero Accounting Add Ons to use?

19-Jul-2017 BEN THOMPSON

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HOW IMPROVING EMPLOYEE ENGAGEMENT CAN BOOST YOUR BOTTOM LINE

Look at a company with a reputation for strong employee engagement and you’ll find a high performing business. We’re not making this up.

12-Jul-2017 goRoster

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Common mistakes made when calculating payroll costs

Knowing what your payroll costs are – daily, weekly, monthly and yearly – is an important part of running a successful business. It allows you to forecast future wage costs, ensures you don’t have any surprises come pay day, and gives you confidence in the stability of the business.
But do you know the TRUE cost of your roster?

05-Jul-2017

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Thanks for the PJs

That’s the Jammie Army done and dusted for another year. Thanks to the generous people who sent snuggly pyjamas into BUSINESS buddy headquarters.

05-Jul-2017 Kirsten Hawke

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7 ways to block ransomware

With the recent spate of cyberattacks causing havoc to businesses and individuals around the world, it has become evident that hackers are more threatening than ever before.

05-Jul-2017 Kirsten Hawke

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Number Nurses wins

When Number Nurses won the marketing innovation award at the New Zealand Bookkeepers Association conference we nearly needed some CPR to control our racing heartbeats.

05-Jul-2017 DAVID HOLLAND

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THE HAPPINESS FACTOR: 6 TACTICS FOR IMPROVING WORKPLACE PRODUCTIVITY

Remember the old (and slightly misogynistic) phrase Happy Wife, Happy Life! ? Well, it turns out there is a workplace equivalent: Happy workers, productive business! (and no – we couldn’t make it rhyme).

26-Jun-2017

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Why Accurate Costing is Vital for Success

Inaccurate information about your company’s expenditure can greatly inhibit your capacity to make and maintain a successful business.

26-Jun-2017 Ben Zifkin

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Three Lessons Retailers Can Learn from Craft Brands

Retailers have historically dominated the commerce landscape. Several years ago, industry trends and top products were set by the stores selling them.

26-Jun-2017 Ryan Murtagh

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THE SIMPLE WAY FOR CUSTOMERS TO BUY NOW AND PAY LATER

When a visitor spends time browsing your online store or bricks-and-mortar outlet, they’re looking for something. And when they find it, they’ll be tempted to buy it.

26-Jun-2017

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Small-Man-Syndrome: How SMEs can be successful on a global stage

Small and Medium-sized Enterprises (SME) are companies that are independently owned and managed with less than 250 employees in their ranks and bringing in less than 50 million euros per year.

26-Jun-2017 Ryan Murtagh

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REDEFINING YOUR POINT OF SALE WITH A MODERN POS PLATFORM

It doesn’t matter how large or small your store is, or how many of them you’ve got—if you’ve got a point of sale (POS), you’ll see big benefits in switching from a simple cash register to a full-featured, cloud-based POS platform.

26-Jun-2017

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Investing in staff training is an investment in your business

Staff training is one of the best investments you can make for the future success of your business.

26-Jun-2017 Francesca Nicasio

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How to Upsell and Cross-Sell in Retail: 6 Pointers to Implement in your Store

Picture this: You’ve just about closed a sale, and the shopper made up their mind to buy a product. What do you do?

26-Jun-2017 Francesca Nicasio

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How to Prevent and Handle Robberies and Theft in Retail

Are you equipped to handle retail theft and robberies? Whether you answered yes or no to that question, keep reading.

26-Jun-2017 Curtis Thomson

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How Elon Musk’s neural lace could change your business

In April this year, Elon Musk (CEO of Tesla and SpaceX) publicly announced that his company, a startup in California, Neuralink, is developing a neural lace technology that will enable human beings to communicate with devices through their thoughts alone.

26-Jun-2017

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Common mistakes made when calculating payroll costs

Knowing what your payroll costs are – daily, weekly, monthly and yearly – is an important part of running a successful business.

25-Jun-2017 Damien Justus

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5 tips for becoming your own boss

The idea of starting your own business and being your own boss has become more popular in recent years.

21-Jun-2017 Kirsten Hawke

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Got the guts to tackle innovation

Phenomenal leaps in technology often polarise people, with some loving the new developments whereas others prefer a more tried and true approach.
The America’s Cup yacht racing is a great example of bold innovation that people either embrace or reject – even if they couldn’t care less about sailing.

21-Jun-2017 Kirsten Hawke

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Fight preventable illness with our Jammie Army

Winter is here and BUSINESS buddy needs you to help battle childhood illnesses that no tiny tot should have to endure.
Snuggling up at home in a warm pyjamas can be all it takes to keep little ones out of Kidz First Children’s Hospital, at Middlemore in South Auckland.

21-Jun-2017

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The Power of Collaboration For Marketing Your Business

Collaboration is the key to success for every business—that’s what 75% of CEOs believe. It’s a way of bringing together diverse minds and ideas and sharing resources to create something bigger and better than individuals could achieve alone, and it’s gradually becoming the status quo for modern businesses in all sectors, including retail.

21-Jun-2017

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How Isle Of Skye Candles Reinvested For Growth With Float

The Isle of Skye Candle Company’s first batch of candles was made in a converted croft on the Isle of Skye in 2006, and since then the company has been lighting up across Scotland and the UK.

07-Jun-2017 Kirsten Hawke

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Budget 2017 no tax surprises

Another New Zealand Budget has come and gone and there was not much to excite tax payers or small and growing business owners.
The Minister for Small Business, Jacqui Dean is reported as saying there are plenty of stimulants that will put more money in people’s pockets – hence increasing their expenditure, which may help the retail sector.

07-Jun-2017

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Trade Barriers: Mitigate the Impact on your Business

It can be unwelcome news that the success of your business is, in part, out of your control. If your business involves importing or exporting inventory, it pays to be aware of and be prepared to mitigate potential impacts of trade policy on your business.

07-Jun-2017

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The Importance of Accurate Costing

It’s no debate that the world is becoming increasingly globalized. Despite some barriers to entry into international business, geographical expansion and the use of imports and exports has become easier and more prevalent. Regardless of the size of a business or where it chooses to operate, one necessity remains constant, and that’s the need for accurate costing.

24-May-2017 Kirsten Hawke

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B1G1 feels good

BUSINESS buddy is proud as punch to have provided 3,385 doses of vitamin C injections, 25 days of bookkeeping, with another 10 days pending, and supplied 2,310 medical items for less fortunate four-legged friends.
In June 2016, our head honcho, Kirsten Hawke signed BUSINESS buddy up to B1G1 – a global philanthropic programme businesses can join to support people in developing countries.

24-May-2017 Kirsten Hawke

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Ready to leave the nest and share?

Working at home has its advantages. The commute is negligible, it’s much cheaper, you can bring in the washing if it looks like rain and work around children schedules and nap times.
On the other hand, there are negatives. Client meetings may require a tidy up and a vacuum, taking on employees means having them in your private home, isolation from the rest of the world, no handy coffee shop next door for your caffeine fix.

24-May-2017 James & Wells

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Watching China in 2017

China-watching is mandatory for many people in business.

The world’s most-populous nation looms large on the global stage in politics, commerce and sport. Its 300 million aspiring middle class citizens – still a small part of the total population - are increasingly sophisticated in their consumer activities, travelling a lot more and further, and pursuing business interests on all continents and the South Pacific region.

24-May-2017 Float

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Top 7 Tips for Finding the Right Business Software

You almost certainly started your business for one of two reasons: you can do something better than anyone else, or you have a burning passion so deep you cannot focus on anything else. And if you’re lucky, it’s both. You didn’t start your business because you wanted to track cash moving in and out of your bank account. Nor to complete complicated forms for the government. You hadn’t even contemplated how business software could help you do these tasks, mostly because you didn’t know you need to do them.

24-May-2017 simPRO

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Key management skills to grow your business

Many small business owners start out with a good business idea but little concept of what it takes to manage and grow a business.

The good news is that you can definitely learn and improve your management skills as your business grows.

And while there isn’t a definitive list of skills, the ones we’ve listed below could help you to build your initial vision and develop your business to its full potential.

17-May-2017

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Accountants and Advisors at Risk of Accessorial Liability

If you’re an accountant or professional advisor, take heed of a recent decision by the Federal Circuit Court. You may be at risk of accessorial liability for your clients’ breaches of the Fair Work Act.

15-May-2017

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7 Common HR Mistakes Every Business Owner Can Avoid

Running a business is hard and it often feels like there aren’t enough hours in the day to get everything done that you want (or should) do. By the time you pay your bills, invoice customers, return calls, put the final touches on that big proposal, and get the stock order out, the day is over and it’s time to pick up the kids.

15-May-2017

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4 Legal Minefields to Avoid When Terminating Employment

Firing employees is probably one of the hardest things you’ll ever have to do as a business owner. It’s also one of the most litigious.

14-May-2017

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What do Netflix, Kiwi innovators and a small town in Texas have in common?

The short answer is patent trolls. The long answer is that using cloud computing to do business may get you sued by patent trolls in the District Court for the Eastern District of Texas.

14-May-2017 goRoster

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Maximum and minimum hours – striking a balance

Striking the right balance between maximum and minimum hours for your part-time or casual staff can often be a difficult process. But getting the balance wrong can have serious and long-lasting ramifications for your business.

14-May-2017

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8 Important Lessons Brick-and-Mortar Merchants Can Pick Up from Ecommerce

Some brick-and-mortar merchants see ecommerce as the force that’s grabbing market share and taking customers away from offline stores. We don’t think this is the case. The way we see it, physical and digital retail aren’t rivals — they’re allies.

11-May-2017

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When sales and service team up, profits go up

I’ve heard it said that it’s a sales rep’s job to promise the moon to customers, and it’s a service rep’s duty to bring customers back to earth.

11-May-2017

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Inventory Strategy: Where to Start

As a small to medium business owner, getting your inventory management right can sometimes seem like a daunting endeavor. Fortunately, most of the stress involved in developing good inventory practice can be resolved by identifying the right inventory management strategies for your business. That’s not to say that there’s an immediately obvious solution for every problem – there are some tricky issues in inventory management however there are well-documented strategies to help you get the basics right.

10-May-2017 Neto

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Everything You Need to Know About Influencer Marketing For Your Online Store

The field of marketing never stops evolving. Outdated strategies lose popularity and are soon overtaken by innovative approaches that pair tried-and-tested techniques with new technology. One of the latest strategies is influencer marketing, which takes word-of-mouth advertising and amplifies it through the huge social networks of high-profile individuals. Two-thirds of marketing professionals worldwide are pairing with influencers who can create original content to promote the brand to thousands or even millions of social media followers.

10-May-2017 Neto

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3 Key Marketing Challenges Your Online Store is Facing... and How to Fix Them

The web is loaded with articles that promise to help you market your ecommerce store, but there’s one really important fact they usually leave out: it takes time to see results from your marketing efforts, even when you’re doing everything right. How come?

10-May-2017 Kirsten Hawke

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Don’t get stung by insolvent companies

The construction industry is a boom or bust business sector and many innocent people are left financially stung when a company goes under.
At the moment, Auckland construction companies can’t keep up with demand and staff members are being poached every day, which is pushing pay scales up.
The cost of materials is also rising and some companies that provide fixed-priced quotes with little room for cost increases are going under or abandoning contracts that are running at a loss.

10-May-2017 Kirsten Hawke

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Happy Tax Freedom Day

It’s time to crack open the bubbly and pull the party poppers because according to some political beings – New Zealand celebrated Tax Freedom Day on May 8 this year.
Did you even know such a thing as Tax Freedom Day existed? And, what the heck does it even mean?
The BUSINESS buddies were quite intrigued by the concept of Tax Freedom Day and did some digging to find out more.

10-May-2017 Float

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Review of TSheets – Employee Time Tracking Software

Struggling to keep on top of employee timesheets? Want to offer employees a simpler way to clock in and out? Keen to track remote workers’ location throughout the day? Eager to make payroll easier? TSheets, a mobile employee tracking software, is here to help.