Navigating your business through 2024
“Know your numbers and seek help to maintain resilience.” That’s the call from Stacey Martin – Senior Partner, BNZ on 13/2/24 from the NZ Herald article “Navigating Your Business Through 2024” Stacey also asks business owners: “…have you got a good inventory management system? What…
Business Competition
Recently I was having a conversation with a friend about competition and how it related to pricing. The general view was that competition drives prices down – and that’s it. I said it was not necessarily the case and mentioned food process, fuel prices and…
Do you as an SME owner make enough financial return in your business?
There was a recent article published in the UK by Timothy Adler, that talked of the issues in UK small business and quoted that one third of self-employed were struggling with making a good living. Now that particular statement did not raise any major alarms…
Business regrets
What is your biggest regret in business? When I look back, my biggest regret in business was that I did not engage business advice when I bought my first business. Coming out of a high level corporate role and purchasing a small business was going…
Are you seeing what you need to see in your business?
Most people have heard the terms “Can’t see the woods for the trees” or “becoming store blind”, but do you actually know what they mean? It is a common issue with a lot of SME business owners, generally because they are too busy on fire…
Thrive Before Five
This may take you by surprise – a blog article by a business advisor that is NOT about business. Nor about work, or management, or profitability, time management, productivity, efficiency and so on. And especially not about a pandemic. No, I want to share a…
Reflect to Achieve Business Success in 2022
Let’s face it, for business owners the last two year haven’t been easy. While some have consistently struggled to keep business going, managing through pivots and some hard choices, others have seen their business stay on course—or even boom. Regardless of the situation, business owners…
The Torment of not Sleeping
So often we talk to business owners and they tell us of their personal issues. Some of those simple things that without thought, tend to just keep going on in your life, worrying you every day. Things like not sleeping at night. Struggling to get…
The reasons why SMEs succeed with a great Business Advisor
As our world starts to try and understand how to deal with Covid, we as Business owners start to try and understand a new way of going about our daily lives, and indeed how we run our respective businesses. Small to medium business enterprises (SMEs)…
Hospitality – how do we get back to making money?
Hopefully we are all soon moving to a position where we can go back to work and start making a dollar or two to make up for the recent difficulties here in New Zealand. Yes, you are right in your thinking, some businesses have done well during…