It is reported that small businesses provide the employment opportunities and are major contributor to the success of larger businesses. SMEs have shown potential for innovation and growth and therefore important to the economy. Information on the barriers to the growth in retail, wine, horticulture ...
Xero Country Manager NZ, Bridget Snelling, said the report’s key findings overall provide useful insight. “Peeling back the layers on small business productivity for the first time like this gives us a better idea of where the biggest opportunities are for gains that will benefit both small ...
Typically, businesses relied on fewer than five contacts for new ideas about markets, business opportunities and for assistance with 'serious' business problems. As most respondents were satisfied with the effectiveness of their existing networks, few barriers to network formation were identified. The ...
If you can see your cash flow in detail, you can spot opportunities, or troubleshoot problems before they become too big. If you’re seeing profit spikes during certain periods, you could: bring in more employees to help maximise those opportunities think of ways to cross-sell or upsell th...
While this difference might be influenced by each country’s unique circumstances during the pandemic, comparing landscapes can help us understand challenges and opportunities that SMBs face here at home. Let’s examine five ways in which Australia and New Zealand are bucking global trends.Sales...
Positive cash flows represent a business gain over the period of time in question, indicating that your business has more cash coming in than going out. This money can be used to invest in growth opportunities, pay off debts, or build a reserve for future expenses. If you have negative cas...
At this point in your trajectory, your business is hopefully profitable. Hurrah! With this stability, it’s a good time to explore growth opportunities, such as developing new products or expanding into new markets. Tread carefully though – ensure goals are in line with you...
Small business packaging ideas FAQ What do customers look for in packaging? Many customers look for brand packaging that provides a cohesive experience. If your brand advocates for sustainability in its natural beauty products, you might use bare-bones, earthy packaging, or draw on color psychology...
Additionally, international expansion can allow businesses to leverage seasonal differences in the Northern Hemisphere. When winter arrives in New Zealand, summer collections can be marketed to countries experiencing warmer weather, ensuring year-round sales opportunities. ...
In 2017, POWR used Stripe Payments to build additional payment and subscription plugins. Along with delivering needed technologies and responsive guidance, Stripe offered clear documentation and collaborative business opportunities. “Stripe is a brand that people trust, it supports our clients' requirement...