Is your business strategy ready for tomorrow?
The markets of today move very quickly, often leaving SME’s stranded in the past, as they fail to “keep up” with the changes. In today’ COVID-19 environment, we need to move even more quickly, understanding the difficulties and nuances of our particular market and what…
Are there any gold nuggets sitting under your nose?
Prime have recently been working with a client that sells top end IT Software. They are a multi awarded company and leaders in their respective field. Their revenue had started to decrease, not alarmingly, but enough for us to hold a session on driving new…
What gets measured gets done!
A simple process for identifying KPIs for your business. The reasons for monitoring KPIs in your business are well known, but it is surprising how many businesses large and small don’t monitor any KPIs other than cash in the bank, or at best profit. And…
The Business Advisor Paradigm
What do The All Blacks, an Olympic Gold Medallist and Bill Gates have in common? They all employ a coach. They employ a coach to help them “Create the perfect game plan perfectly implemented.” It is no coincidence that the vast majority of businesses that…
Fortune Favours the Brave
At Prime Strategies we love graphs. This one below encapsulates the behaviour of many SME’s (Small to Medium sized Enterprises) showing why they don’t go on to become the huge success that they originally intended to be. It demonstrates that when we are risk taking,…
Launching a new venture? Here’s how to beat the odds
By Clark Gilbert & Matthew Eyring for the Harvard Business Review “For nearly 20 years the case study used to introduce Harvard Business School’s Entrepreneurial Management course has been Howard Stevenson’s “R&R.” It looks at Bob Reiss, an entrepreneur who launches a venture in the board-game…
Under-appreciated staff are a cost to your business
By David Hassell for 15 Five. “There’s a lot of truth behind the saying “people don’t leave jobs, they leave bosses”. More often than not, it’s not because they are underpaid or overworked… it’s because they feel undervalued and unappreciated. Two of the most basic human…
Is underpaying staff costing your business?
Paying your staff too little can be more damaging than paying them too much – and it can cost your business more! We all know how costly and time consuming it can be to find the right person for a role – interviews, commission to…
15 expert tips: How to write a great business plan.
Writing a good business plan can be a make or break step for a SME Business in the fast paced New Zealand market. A strong business plan gives your investors, stakeholders and your team insight into where you have been, what you have learned, the…
Seven Tips to Mining Gold within your Customer Base
Written by Prime Strategies Business Advisor Craig McCulloch. Did you realise that every small business is sitting on a gold nugget that is often neglected by owners? So many businesses focus and spend enormous amounts of money and energy on trying to increase enquiry and…
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