Modern life, particularly work life, has become increasingly hectic. There are relentless demands from meetings, emails, text messages, and questions to answer, problems to solve, fires to put out. It can begin to feel like there is never any time to get “real work” done. If you feel overwhelmed by endless interruptions at work, you are … Continue reading
Is your business set to grow or get swamped in NZ’S economic growth wave?
Business owners be warned – rather than seeing welcome profitable growth, many companies are at risk of being swamped by the coming economic growth in 2014. Key economic indicators and higher business confidence levels suggest the New Zealand economy is poised for a major growth wave, among the highest growth rates in the OECD. In … Continue reading
Habit forming technology to blame for New Zealand’s stalled productivity
Technology might actually be at the heart of New Zealand’s poor productivity growth rather than the answer because of its increasingly interruptive nature and bad habit forming bias. “The average Kiwi is working more than 50 hours a week according to the MBIE, but the NZ Productivity Commission tell us that growth has stalled,” says … Continue reading
Are your Strategies growing your Business and Profits?
As a Business Owner you want results. It comes down to having clear objectives driving growth through consistent focus on your People. Driving Strategies through daily-weekly-monthly-quarterly and yearly execution. What is the meaning of a business strategy? Where management analyzes the major initiatives taken by a company’s top management on behalf of owners, involving resources … Continue reading
Achieving Business Success
A new paradigm of performance measure has been adopted by many SMEs. This is based on identifying what the business does in terms of levels of processes and attaching Key Performance Indicators to those processes Check out this wonderful e-book full of practical tools for New Zealand businesses
Business 101 Guide
There have been many definitions as to “what is small business”. One of the better definitions is that a small business is “a business in which all the critical management decisions are made by one or two people without the aid of internal specialists”. Undoubtedly the most disturbing statistic of all is that out of … Continue reading
Main elements of the strategic plan
A strategic plan should probably include some or all of the following main points: High-level strategy: Strategy is focus. It guides your growth. Strategy assigns priorities. Of the whole range of possible market segments, and the whole range of services and possible sales and marketing activities, which are your main priorities? Strategy is often a … Continue reading
General principles of small business strategy
This is not an academic exercise and I can’t claim results of research however the following principles are based on what I’ve been involved in, what I have strategised with management teams and what I have implemented or consulted on in my 28 years in been in business… Strategy is focus: Allocate resources where they … Continue reading
Business Accounts & Bookkeeping
Good financial records are a key to business success. By keeping accurate records, small business operators can make better business decisions and will find it easier to raise funds and sell their business should they wish to do so. In 1941, the American Institute of Certified Public Accountants used as a definition of “accounting” the … Continue reading
Side aside, educational budgets, marketing budgets, travel budgets, entertainment budgets etc.
Budgeting is all about planning how best to spend your income to build the business, pay off debt or provide an income for shareholders. When you manage your money to a plan you can make informed decisions, set goals and targets plus ensure your business is moving forward with positive momentum in a sustainable way … Continue reading
