If you are one of the 20 per cent of New Zealand business owners planning to sell within the next two years, take heed, these are not normal times that we live in. It is not necessarily all gloom and doom, but urgent attention could help in ache4iveing a favourable result.
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Acting on staff suggestions is a catalyst for increased employee engagement and better communication within SMEs, especially in lean times.
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There’s nothing quite so exciting for a brand as launching a new product line. When consumers are flush with money and looking for ways to spend it, expanding into new lines may even make sense. Diversification can reveal new customers and create cross-selling opportunities to existing buyers.
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When looking to buy a franchised business, how you pay for it is key. It will affect not just what you can afford, but also the return you make.
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In today’s cutthroat business environment it’s easy to feel overwhelmed by all that needs to be done. Taking a step back and engaging with your team can lead to meaningful ways to improve productivity and team morale.
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The Free Trade Agreement between New Zealand and China has created the opportunity to develop commercial relationships in both countries as part of a move to increase trade, make businesses more efficient, and respond to demand for a greater variety ofconsumer products.
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Starting up your own business can be daunting.However, it can also be exciting, challenging, fun and rewarding – often all in a single day.
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While the latest Franchising Confidence Index for New Zealand shows improvements across most indicators, franchisee profitability levels and operating costs are still raising concern.
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New Zealand prides itself as a ‘clean green’ country. But in the boardroom, issues such as cost management, recruitment and retention of staff, and reputation are what really count.
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The list, produced by Inland Revenue, highlights important principles that impact the way New Zealand tax law operates, and are not necessarily intuitive. It reinforces the fact that many taxpayers have tax obligations that are not immediately obvious and may require them to seek advice.
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In working with clients who have their own SME businesses or run a Not for Profit (NFP) entity, we see a range of in-house accountants and accounting teams. As in most professions, accounting staff range widely in experience, ability and aptitude.
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The Christchurch earthquakes have had a significant impact on business insurance premiums and deductibles, and the ongoing effects will be felt in future renewals throughout New Zealand.
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Click here to download the full Winter 2011 edition of Business Adviser