During a break it is often a time when we do some naval gazing and wonder where to next with our business and life. Then it’s back to work and before you know it, people are counting down to Christmas and you are doing the same old, same old.
If you are serious about making business changes – you need to set some business goals.
When you roll up to a commercial banker looking for some extra dollars to finance your latest business idea there are some must haves that need to be included in your application.
UX (User Experience) is at the heart of every good design. It’s the difference between your customers groaning in wretched frustration, or grinning with enjoyment; with them shaking a defeated fist at your site and hastily clicking away from it, or completing a satisfying purchase and wanting to return for more.
Effective job scheduling is one of the most important but least understood disciplines of business management.
In the same way technology has swept through many business and industrial sectors – new technology is revolutionising the way New Zealand’s early childhood education centres operate.
In this era where a lot of activities are digital, no individual or organization wants their information lost. People also want to have access to their information; especially at the point of their needs. Therefore, one thing of increasing importance is the issue of accessible data storage.
Investing in residential property has been a popular option ever since Bob Jones on Property, hit the booksellers’ shelves back in 1977.
However, some 40 years later New Zealand is in the middle of an affordable housing crisis and the policy makers are introducing changes that impact on residential rental investment rules.
Merry Christmas from BUSINESS buddy.
Those who know us well won’t need any convincing that we enjoy Christmas and a few bubbles as much as the next business advisor.
And, we love staying in touch to celebrate the end of a successful year, but this year we felt we could do something more meaningful for our clients, rather than a traditional Christmas card.
Contrary to what you've always been told, thinking negatively can very much be a good thing.
We equate being busy as being virtuous. When we’re maxed out, it feels safe. It must be productive. (Or is it?) It’s a badge of courage, honor or something …
Ten years ago, the accounting industry looked very different but new technology is evolving. Cloud-based software is becoming more prevalent everywhere you look; accountants have had to adapt their mode of operation. These changes to the industry will create so many opportunities for accountants. Yet, there will also be notable challenges to face with this level of change.
For most of us the internet is an intrinsic part of our lives. We rely on it to get us where we are going, connect us to friends and family and answer all of our questions, no matter how banal. It has also quickly become an integral part of most businesses, enabling them to complete business transactions in mere minutes as well as connect to their customers and a global network.
The cloud – what is it and why is it important? Like the name suggests, the idea of the cloud feels lofty and hard to grasp. Simply put, cloud computing is the practice of using a network hosted on the Internet, or “the cloud,” to store, manage, and process data. This means you won’t have to maintain or own any hosting equipment.
Christmas is here and more than anything, it’s usually referred to as the season of love. Love is expressed by giving, and many employers hope to express this love to their employees by giving gifts.
Offices used to be essential for most businesses. But mobile technology and new working practices mean that many small businesses don't need any office space. Here's what you need to know about having a mobile office.
When a customer asks you for a quote, they're giving you a golden opportunity. With the right response, you can close the deal quickly and win new business. Here's how to make the most of price quotes.
Business negotiation is a world of contradictions. You’ve got to be firm but flexible open and sharing, but a little cagey. There’s a lot to get your head around. But your state of mind might be the most important thing. Aim for a mutually beneficial outcome, and you’ll find the whole exercise more comfortable. Follow these five tips to prepare for your next negotiation.
Business owners do what they do because they love the challenge, the freedom and they have a vision.
Then along comes a couple of international legends, Paul Dunn and Masami Sato who throw another element into the mix.
We all leave things until the last minute, but it would be a good idea to put systems in order now, to reduce your stress and avoid surprise phone calls from Inland Revenue.
Some benefits of social media and content marketing are normally inaccessible for small businesses and startups because:
Email is a notoriously fickle channel. Something as simple as tweaking the subject line can be the difference between an 8 per cent or an 80 per cent open rate.
The New Zealand construction industry is going gangbusters. With a growing population, Kiwibuild and mega infrastructure projects coming out of our ears, you would think construction companies would be making record profits.
BUSINESS buddy knows you won’t believe this, but our next gig is going to be bigger, better and even more inspiring.
Owning a small business is exciting. You get to do what you love, day in, day out. But traditionally, small business accounting isn’t exciting. So how can we change this stereotype and make accounting fun and easy?
A few weeks ago, the new shiny iPhone XS entered the market. For all the Apple lovers out there, this might mean being the first to wrap your hands around the irresistibly smooth all-glass design, or finally upgrading your old glitchy iPhone 6 to the new model.
If this is you, I’m guessing you’re focused on the opportunity to start afresh, buy a new case, clear all those apps cluttering your current device, and start playing with its new features. Right?
Cloud computing got you perplexed? You’re not alone. Most of us talk about ‘the cloud’ without even realising what it really means. We’re clearing the air on cloud computing and how it can benefit your small business.
Want to peek into the mind of your ideal customer and find out how they engage with social media video? How they are interacting with brands via video? How are they purchasing?
Take a seat, because in this post we break down exactly how customers are watching social media video and more importantly, how they are purchasing from video.
And it’s all based on data and research, so you can start using this intel now, to get results in your business.
Successful businesses spend that little bit of extra time on record keeping and getting their tax right, including preparing and lodging business activity statements (BAS). Once set up and organised, you’ll save time in the long run.
Construction is unlike any other business. Building projects can last for months or even years – and you might be both an employer and a contractor. So how do you learn the basics of construction accounting?
The $20,000 instant asset write-off threshold has been extended to 30 June 2019. This means you can continue to claim the cost of new or second-hand assets that are less than the threshold of $20,000.
Innovation just doesn’t happen when you’re busy being busy.
There’s a lot to be gained by going for a walk around the block, picking up a fishing rod or doing absolutely nothing to gain inspiration for your business.
Too often businesses leave collecting debts at the bottom of the pile. Why? Often there is anxiety and worry around the process, or lack of trust in collection agencies. Sometimes lack of time and understanding of the process.
There’s literally hundreds of blog posts giving you the 7-10 steps to reduce debtors and improve cashflow. Yet the debtors problem still exists to some extent in the majority of small and medium size enterprises (SMEs) globally.
Be prepared and develop tidy payday habits, now.
The IRD is contacting all employers to ensure they are up-to-speed on the changes that require PAYE returns to be filed every payday, instead of completing the Employer monthly schedule (IR348).
Anticipating future demand is a tough job, wrought with ways you might go wrong. Proper demand forecasting and inventory control can save a company from buying too much or too little of something, which of course avoids expensive overstock scenarios or stockouts.
During the Christmas holiday season, businesses of many types employ seasonal or casual workers to meet extra demands. Often these workers are hard-working young people who have travelled from overseas, bringing with them their own language and culture. This international melting-pot makes for a fun and productive work environment, although it can also present challenges.
The homepage is the most important page of your business’s website. It is the virtual shop front to your business, providing your customers a first impression of what you have to offer. You only have seconds to grab your customer’s attention so it is key to make sure that they can find what they’re looking for quickly and easily.
Clichés. Can’t live with them, can’t live without them. (See what just happened there—it’s that bad).
The most widespread, just-waiting-to-pop-out-at-you, cliché is a very short one, measuring just three words—time is money.
Over 100 accounting/bookkeeping, marketplace and banking partners across Asia joined us in Brisbane this year to attend Xerocon, the most innovative conference for cloud leaders in Asia, Australia and New Zealand.
We no longer need studies to tell us: Smartphones are almost everywhere. Most of the customers coming through your doors have a mobile device with them. And these devices aren’t always shoved in pockets or bags — shoppers are using them while they’re in store too.
Offers for grants worth over $3.5 million will support 7 businesses to help launch their innovative products, processes and services into domestic and international markets.
The funding has been provided from the Accelerating Commercialisation element of the Entrepreneurs’ Programme.
For more than a month BUSINESS buddy has paced the pavement in its pursuit of healthiness with the Virgin Pulse Global Challenge.
Just like our clothes, when money is laundered, it starts out dirty and comes out clean.
Business plans help define goals and help you achieve them. If you take time to set concrete and achievable goals, you can then chart a plan to reach these goals successfully. Having tangible goals can make a business thrive.
Do you feel like it might be time for a change in your office environment? Perhaps the productivity isn’t as good as it use to be or there are a handful of employees who just don’t seem to be performing at their best. Conducting a performance review can greatly help you manage your employees and make sure that your workplace stays strong, efficient, and goal driven.
Tax time is fast approaching—it’s important to do your homework and know exactly what tax deductions you can claim.
Oh, how time flies.
It is now six months since BUSINESS buddy wrote the "Have your say on taxes" blog.
Age is but a number, right? Well, when it comes to landing that next job, maybe not.
Sadly, more and more of people over the age of 50 feel like they have landed on the workforce scrap heap.
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.
Being an effective manager is demanding and complex. Aside from thoroughly knowing and understanding your business, you need to understand people and their motivations, be a motivator yourself, and manage emotional and business-related issues at once.
BUSINESS buddy knows engaging face to face is a great way to raise your business profile.
Bearing that in mind, we have booked our spot at The Marketplace Expo, 3.30pm to 7.30pm on Wednesday September 26, 2018 at Ellerslie Event Centre.
BUSINESS buddy knows that for a team to be successful, each member of the team needs to grow.
And, a healthy body and healthy mind create super-sharp business advisors.
Use our tips to help you create engaging content.
Workplace training is an important part of company work life which, as expensive as it may be, is a necessary means to a skilled workforce.
BUSINESS buddy loves supporting other Kiwi businesses that provide awesome services.
No one ever thinks they are going to win a competition so when BUSINESS buddy sent some great news to a tradie in Northland – it put a big smile on his face.
“Success.” Typically defined as: ‘the accomplishment of an aim or purpose.’ Success means a lot of different things to different people. Success may mean wealth, or it may mean happiness.
Almost every small business struggles through ups and downs on their journey to funding business growth.
Michelle and Murray from Bellroy Construction are having a cracker of a year and their hard work with support from BUSINESS buddy has made life better for their business, their confidence, and their nearest and dearest.
Social enterprise is done just because it’s right and BUSINESS buddy’s community-mindedness has created lots of warm fuzzies and motivation for the team.
With more than 800 million active monthly users, Instagram is a social media channel of massive proportions. And, when used strategically, it can reap major benefits for your retail store.
Question: are you planning to bring anything new to the in-store experience? If your answer is “no,” then brace yourself. The coming years could be rough for your retail business.
Imagine giving people in a developing country 18250 days access to clean water just from your business being a success.
BUSINESS buddy team has discovered a new techy tool that will show you how to make your website grab potential clients by the eyeballs.
As traditional retail channels dwindle in popularity, more businesses are turning to multi-channel retailing to provide an extra income stream and keep business ticking over.
Strategic planning is the blueprint for your business. It’s an aspirational and practical plan for your future that can give you an exact outline of where your business is, and where it should be.
Working from home is becoming increasingly common as many employees look for flexibility and work-life balance.
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.
The proliferation of e-commerce has been a game changer in the world of retail, and if adopted correctly can be hugely beneficial for manufacturers too.
Almost every small business struggles through ups and downs on their journey to funding business growth.
An accounting firms' success is increasingly due to their people skills, rather than just their ability to crunch the numbers.
Meet Alana Turner, the co-owner of Poopsie’s, a quirky gift shop in Galena, IL. When Alana and her co-owner took over the business in 2010, they had about 5 employees.
You may have come across two terms which are often confused – Business-to-Business (B2B) retail and Business-to-Consumer (B2C) retail. In this article, we outline the key features of each model so that you know the differences between the two.
Grow your business by strengthening its eCommerce capability. eCommerce is one of the most rapidly growing ways to sell products to customers in most countries globally.
At Debtor Daddy, we’re firm advocates for giving customers reasonable time to settle their debts. Go in too hard, too soon and you’ll burn your relationships; leave it too late and you’ll waste a disproportionate amount time and money trying to collect what’s due. So when is the right time to engage a third party debt collection agency?
The Asia-Pacific region has seen an online boom over the past decade, particularly in eCommerce. This part of the world has the largest online market globally and high levels of growth in the Australian eCommerce market have had a lot to do with this.
This is a post by Alexandra Sheehan. Most thriving retail businesses process many transactions on a daily basis, sometimes thousands.
Successful marketing is key to raising brand awareness and growing your advisory services. By ensuring that clients receive a professionally branded report and a tailored advisory experience at each meeting, you will enhance the overall perception of your brand to the wider business community and are more likely attract new clients.
As a business owner it may feel like all work and no play, at times.
The legendary comedian Lesley Nielsen once said, “Doing nothing is very hard to do, you never know when you’re finished.”
If you dream of getting away from it all but worry about how your business will cope in your absence, you’re not alone.
Heads up, the all new Xero Expenses launches soon.
Xero Expenses makes it easier to claim expenses and gives you valuable insights into spending patterns for your company.
From Tuesday July 10, 2018, Xero Expenses will be automatically included in Xero for anyone on the New Zealand standard or premium plans.
Outsourcing ‘business as usual’ tasks can bring focus and efficiencies your business needs in order to succeed in today’s fast paced environment. A new level of agility and access to quality analytics and expertise can be brought into your business. To get ahead of the competition, consider outsourcing.
The UK retail landscape is changing rapidly. Consumer spending is decreasing, competition is increasing between businesses, and people are turning to e-commerce at an unprecedented rate.
No it wasn’t an Aprils Fool’s Day prank when the minimum wage in New Zealand increased from $15.75 to $16.50 per hour on April 1, 2018.
No one is in any doubt that serious changes are needed to get Auckland’s chocka-block transport system flowing.
The manufacturing industry is changing and new trends are shifting the way manufacturing companies operate their facilities. In addition, manufacturing companies are looking to become more sustainable in their operations.
Over 2,000 years ago, Aristotle said “ First, have a definite, clear and practical ideal; a goal, an objective. Second, have the necessary means to achieve your ends: wisdom, money, materials and methods. Third, adjust all your means to that end.”
As passionate believers in the healing power of flower essences, Scott Harris and his co-founder Jayne Tancred established Tribe of the Tree in Sydney seven years ago.
Delving into the e-commerce world is an exciting adventure albeit somewhat daunting. You need a ‘shopfront’ – somewhere you can show off your wares to customers. Here we review some points to consider when choosing your cloud-based e-commerce software.
As businesses grow, it is often inevitable that additional entities will be needed. Typically these will arise from international expansion into new markets or for legal and risk mitigation.
Your profit margin is a metric that should always be on your radar, and for good reason: it answers critical questions about your business, like whether or not you’re making money or if you’re pricing your products correctly.
The world of accounting and bookkeeping is changing. It was a decade ago that I decided to upgrade our small business from spreadsheets and Word documents to a proper accounting system.
Students in the US won’t be flocking back to campuses until September, but for retailers, it’s high time to ramp up back to school (BTS) and back to college (BTC) marketing campaigns.
Seasonality might make you think of the holiday season but seasonality is not exclusive to Christmas, Easter or Halloween! Seasonality also encompasses the summer seasonal boom.
The shopping habits of consumers has changed significantly over the past 10 years and will continue to change over the next decade too.
These days, it seems like every retailer is running some sort of sales promotion. 25% off, $5 off a purchase of $50 or more, buy-one-get-one-free — these approaches are becoming so commonplace that it’s easy to get lost in the mix.
If you love your job but hate the admin, this one’s for you. No matter how big or small your business is, BUSINESS buddy wants you to be kept in the loop about any new technology that may enhance performance and make your life easier.
In an ideal world, your business would never have excess or obsolete inventory. However, this can and often does happen when demand for certain products decreases and supply remains steady or increases.
There are many factors that can contribute to business success or otherwise. When first starting out, business owners can be focused solely on serving customers that they forget to check out the competition.
13 may be unlucky for some but if you follow these 13 top tips on how to use Xero and make the most out of your account you won’t need luck.