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Use your business card effectively

Posted on Oct 12, 2018 by admin

When business networking is increasingly digital with LinkedIn and your business’ website a primary way of getting your name out there, the business card is still an integral part of your networking experience. Below are reasons business cards are still relevant and how you should use them. Why are they important? Business cards still have a range of benefits: They make swapping contact details more personable and forge more meaningful business relationships that can be established online or over the phone. They present a professional image as you look like you are prepared and ready to network Business cards can […]

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Competitive business strategies

Posted on Oct 12, 2018 by admin

Competition is part of the business. Getting that edge is make or break regarding getting your business up and running and promoting its future growth. Consider these strategies to implement to come out on top of your business’ rivals: DifferentiateEstablishing your point of difference is vital in business. When executing this strategy, it may not be as easy as it sounds. Consider specialising in a particular niche of your industry and providing the best customer service in that role or offer something that your competitors do not have. Establish community bondsBy being involving your business in your community, you will […]

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New Research and Development tax incentive

Posted on Oct 12, 2018 by admin

The Coalition Government will introduce a new tax incentive aiming to unlock further spending on research and development. The research and development (R&D) tax incentive is the government’s response to extensive consultation with businesses. As part of the incentive the government has stated that the rate will be higher, the threshold lower and the definition more inclusive so that as many businesses as possible can benefit from this incentive. The R&D incentive aims to give business’ the opportunity to increase productivity and boost wages. The Coalition agreement will work to increase R&D spending to two per cent of GDP over […]

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Haggle like a pro

Posted on Oct 5, 2018 by admin

When it comes to saving money on anything from home loan interest rates to new appliances for your house, haggling is critical. Master some of the haggling skills below to reap some saving rewards. Timing If your timing is not right many of your haggling skills will be wasted. Make sure you are bargaining when the salesperson has adequate time to consider your proposal or when the appropriate moment presents itself. For example, negotiating in a fixed term of your contract have low prospects of success in comparison to when your contract is up for renewal. Compare to competitorsIf you […]

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Making the decision to rebrand

Posted on Oct 5, 2018 by admin

Rebranding can help you survive in a changing industry or open your business up to new profit-making opportunities. Sometimes it may be difficult to make the call, when there are significant costs associated with redefining your brand. Consider the signs below that will point you in the right direction. Your branding is outdatedIf you are embarrassed to direct clients to your website or give out your business card, then it is time for a change. Staleness in a business will drive clients will away if they do not think that your business is moving with the times or falls short […]

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Raising prices without losing customers

Posted on Oct 5, 2018 by admin

Many small businesses may be hesitant to raise their prices out of fear they will lose their original customer base. Increase your rate when it makes sense for your business, your market has changed, or you have realised you are undercharging. Once you have decided to raise your price, consider the following tips that will help you keep your customers happy. Keep it consistentIf you raise your price too frequently, you may lose customers as they may think they are being cheated. It is better to change your price annually so that it is in line with inflation rates and […]

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Getting on top of your business’ finances

Posted on Sep 27, 2018 by admin

Running a small business is personal. However, it is essential to separate yourself from your business, specifically when it comes to finances. If managing finances is something that does not come naturally to you then following some of the tips below may help you turn a weakness into a strength. Have separate bank accountsThis makes it easier to keep track of your business finances by keeping all the money in one place. It is important to remember not to use your business account for personal purposes even if you are a sole trader. Keep strict recordsIt is vital to know […]

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How to give constructive feedback to staff

Posted on Sep 27, 2018 by admin

Giving feedback to staff is a key to being a successful manager. Although feedback should be viewed as an opportunity to grow, staff may be sensitive you are criticising their work. That is why feedback should be given in accordance with the tips below. Never in publicWhether it is praise or constructive criticism, you should be hesitant to single out a worker in the break room or office floor. For advice on improving performance, this should take place in a private one-on-one discussion in person. Emailing can often go wrong because the tone is hard to tell and things can […]

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KiwiSaver statements to show retirement incomes and likely total savings

Posted on Sep 27, 2018 by admin

KiwiSaver annual statements will soon show projected balances at retirement and income figures to help consumers make a better decision about their savings. This initiative intends to provide people with clear, easy-to-understand information about their current savings and how that tracks towards retirement. Statements will show people an estimate of the savings built-up by the time they are 65 and will include the weekly retirement income that sum would provide over 25 years. The changes made to annual statements will take place after consultation with providers. Expectations from the government are that this amendment will be executed without substantial delay. […]

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Strategies to put an end to negative office gossip

Posted on Sep 24, 2018 by admin

Negative gossip in the office is something that is harmful both to your business and to the employees. Whether it encourages individuals to seek work in a less toxic environment, slows down productivity, creates friction between team members or morphs into a legal problem with accusations of bullying and harassment, it is something that managers should put a stop to as soon as possible. Walk the walkIf you are a manager, employees look to your actions as what expectations of behaviour are in the workplace. If a manager is ever seen engaging in the behaviour, they prohibit this acts to […]

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Nicoll Jackson give you peace of mind by looking after your financial and accounting operations.

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