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Bad business habits

Posted on Jul 13, 2018 by admin

When you run your own business, it can be hard to step back and look at the big picture. Failing to do so, however, not only harms your business; it can also make it even harder to sell. Whether it is failing to track cash flow or not investing correctly in key staff, there are many bad habits that business owners commonly make. Here are the top three: Using the business as your personal ATM A common business tax-minimisation strategy is to spend business earnings on personal expenses that are not directly related to the business. The idea behind this […]

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What your office space says about your business

Posted on Jul 13, 2018 by admin

How you choose to design the aesthetics of your office impacts not only how a client thinks of you, but your employees’ motivation and productivity levels as well. Consider these reasons why your office may need a makeover. Your employeesCreating a pleasant, sunlit and clean office space for your employees to work in helps to reduce stress and can boost motivation levels. ClientsWhen a new client walks through your door, you want to create a great first impression. How you design your office space communicates to your clients the type of business you are. A dull and messy workspace will […]

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Rebranding: A guide for your small business

Posted on Jul 13, 2018 by admin

Rebranding your small business can be a tricky matter. When done well, it has the potential to help your business stand out from the competition bubble and even expand your target market. On the other hand, a failed rebrand can damage the reputation of your business, or even risk losing loyal customers who dislike your new look. Which is why rebranding is a move that should never be taken lightly and must always be strategically planned. Consider these ideas before embarking on your rebranding journey. Understand your strategy Rebranding is a serious investment which will require both your time and […]

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How to spot a phishing scam

Posted on Jul 5, 2018 by admin

Falling for a phishing scam is often easy. You receive an email or a text message from your bank asking you to click on a link and verify your account details for a security check or maintenance upgrade, and before you know it you have given a scammer access to your bank account. The purpose of a phishing scam is to persuade you into clicking on their link, which will take you to a site that looks exactly like your bank’s website, so from a first glance their email/ text message and link will look very authentic. However, you can […]

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Signs you might be a micromanager

Posted on Jul 5, 2018 by admin

No one wants to think of themselves as a micromanager, but the line between a diligent leader and a pestering micromanager can at times be easy to cross. You may feel stressed about upcoming projects or worried about losing control. However, many employers are unaware of their micromanaging ways until it is too late and some of their best staff members have already walked out the door. Continually supervising staff can be detrimental to the business. Micromanagers place their time and energy into completing everyone else’s job and leave little time to lead their team – creating a chaotic and […]

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Building a solid startup

Posted on Jul 5, 2018 by admin

It is no secret that most startups will fail in their first three years of operation, so building a new business that can not only survive but thrive in the face of a challenge is of the utmost importance. Ensuring your business is strong enough to move past any inevitable hitches that come its way can be achieved by improving the foundations. Consider these ideas. It’s all about teamwork For a business to survive any disaster, it will first need a motivated team that can work well under stress and are eager to take on challenges. Your team must work […]

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Introduction of Best Start

Posted on Jul 5, 2018 by admin

From 1 July 2018, eligible parents who have a baby born on or after 1 July 2018 will receive a Best Start payment of $60 per child. Eligible individuals will receive $60 a week until the baby turns one regardless of household income. For those with a household income of less than $79,000, you will receive $60 a week until the child turns three. The eligibility requirements are as follows: – You must be the principal caregiver of the child – You must be a New Zealand resident or citizen and have been in New Zealand for a continuous period […]

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Boost your business’ cash flow

Posted on Jun 28, 2018 by admin

Managing cash flow is the golden rule for most small business success. Too many small businesses fail due to poor cash flow management. To avoid getting your business into trouble, consider the following tips: Prepare a cash flow projection – Cash receipts, including income from sales and income from financingcash disbursements, including all expenses (cost of goods, operating expenses, loan payments, income tax payments, etc.). – Net cash flow — opening cash balance plus receipts, minus disbursements. – Ending cash balance. Review discretionary spending Any items that are not essential to current operations can be deferred or eliminated. Such expenditures […]

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Simplifying your marketing

Posted on Jun 28, 2018 by admin

Overcomplicating your marketing efforts in a bid to increase awareness and boost sales is a common trap. As the marketing industry continues to overcrowd and evolve with technology, businesses need to look for ways to break through the noise and send their audiences a clear message. Here are three tips to simplify your marketing: Avoid attempting to master all channels Businesses are vying for audience attention which is resulting in people deliberately opting out, i.e., skipping ads. Rather than focusing on all marketing channels, i.e., email marketing, SEO, paid advertisements, apps, social media, PR, blogging and so on, pick a […]

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Creating an agile workplace

Posted on Jun 28, 2018 by admin

In today’s society, technological change is the norm – new opportunities are continually arising that change the way a business operates or improves products and processes. Businesses that are complacent, risk failing. Creating a workplace which emphasises the need to meet changing demands is important. That is where agility fits in. An agile workplace is one that adapts quickly to the changing needs of the market, its customers, employees and other key stakeholders. Agile workplaces respond faster to these trends and disruptions, are more efficient and encourage innovation. Consider the following ways to promote a culture of agility in your […]

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