No it wasn’t an Aprils Fool’s Day prank when the minimum wage in New Zealand increased from $15.75 to $16.50 per hour on April 1, 2018.
No one is in any doubt that serious changes are needed to get Auckland’s chocka-block transport system flowing.
Over 2,000 years ago, Aristotle said “ First, have a definite, clear and practical ideal; a goal, an objective. Second, have the necessary means to achieve your ends: wisdom, money, materials and methods. Third, adjust all your means to that end.”
The manufacturing industry is changing and new trends are shifting the way manufacturing companies operate their facilities. In addition, manufacturing companies are looking to become more sustainable in their operations.
If you love your job but hate the admin, this one’s for you. No matter how big or small your business is, BUSINESS buddy wants you to be kept in the loop about any new technology that may enhance performance and make your life easier.
In an ideal world, your business would never have excess or obsolete inventory. However, this can and often does happen when demand for certain products decreases and supply remains steady or increases.
13 may be unlucky for some but if you follow these 13 top tips on how to use Xero and make the most out of your account you won’t need luck.
There are many factors that can contribute to business success or otherwise. When first starting out, business owners can be focused solely on serving customers that they forget to check out the competition.
Although it’s only the first week in June, the recent polar blast was a stark reminder of how spine tingling chilly things can get in Auckland.
When it was announced in 2018 budget that a research and development (R and D) tax incentive, in the form of a tax credit, will replace the current grant system, BUSINESS buddy decided to take a closer look.
Shifting data, systems and the inner workings of a business onto the cloud can be a big move. However, it’s hard to stay away from the cloud these days; the applications of cloud-based software are seemingly endless.
Scammers use clever tricks to reel you in and get you to reply to their email or not hang up the phone. Most scams seem like genuine offers but they are carefully designed to trick you into giving away your money or your personal details.
When thinking about threats to your retail store, shoplifting is probably number one, right? The idea of someone swiping hundreds of dollars of products into a giant bag and walking out with them is horrifying, isn’t it? (post by Cara Wood)
This business workshop is too good to miss. We know you will get that mid-year recharge to take your business into a stellar second half.
Secure your hot seat for 7 ways to grow business at 4.10pm on Wednesday June 13, 2018.
Calling all tradies. Are you tools looking tired? Has your chisel lost its shizzle? Does your level still measure up? Or does your wrench need to get a grip?
Complete our online survey and you can enter the draw to win a $250 Bunnings voucher.
We are super excited to welcome our new BUSINESS buddy, who is operating a new business advisory service in the Franklin region.
Last month, all eyes were on the Gold Coast and the 21st Commonwealth Games.
The jaw dropping performances by the Black Ferns sevens, Sophie Pascoe, Tom Walsh and the women’s Black Sticks left us all in awe.
But like in business, exceeding expectations can never be taken for granted.
Here at BUSINESS buddy we recognise the importance of a great coaching and a strong team.
Whether it is a national sports team or a small business, the principals of success are the same.
If you are a startup owner or entrepreneur, it is no secret that you may be working within a tight budget. The ability to make pennies stretch is an important survival skill.
No matter how inventive or simple your business model is, you can still have problems with cash flow. Here is a rundown of the best and worst businesses for cash flow.
While millennials are still a significant consumer segment for retailers, there is another shopper group that’s continuing to gain spending power.
We have scoured the marketplace to bring you the five best Xero apps of 2018. From reporting software to time management applications, we’ve covered a wide variety of apps designed to make your life easier.
Debtor days measures how quickly cash is being collected from debtors. The longer it takes for a business to collect, the greater the number of debtor days.
There are many lessons to be learned through failure. Each time something does not work in a business, there are endless reasons and factors that could culminate to cause the failure.
BUSINESS buddy CEO, Kirsten Hawke says continued growth and development in Auckland presents business owners with opportunities as well as challenges.
Finding the right staff, coping with new competition and even inefficiencies caused by traffic woes, all impact on local businesses.
It’s May! How’s your year going? Have you had a blockbuster first quarter or has your business slipped back into the same old, same old.
When it comes to creating a vibrant company, values are absolutely foundational – in fact, they’re one of the most visible aspects of any company culture.
Gift giving is a major part of the holiday season. As a result, the holiday seasons is hectic, not only for the consumers, but also the retailers and manufacturers supplying the gifts.
It’s hard to believe but New Zealand’s Government is giving you a chance to say what you think about our tax system.
BUSINESS buddy thinks this is an opportunity not to be missed.
Free healthy meals at work, discounted travel, opportunities for personal development and study, flexible working, and paid time off for volunteering – these are just some of the compelling employee benefits that leading company’s offer.
Dealing with difficult customers can be… well, difficult, but it doesn’t have to be. With the right attitude and action steps, you can effectively navigate these tricky customer situations and emerge (hopefully) unscathed.
Join Kirsten & the Business Buddy CA Team on Wednesday June 13 2018 at this 90-minute event to understand the mindset change required to succeed in a changing business landscape.
The team at BUSINESS buddy realise the power of good networking, so the news of the former US president Barack Obama’s visit later this month – got us thinking.
Global sourcing occurs when companies go beyond their home borders for sourcing goods and services.
It is a difficult task to gauge customer satisfaction without some form of survey to do so. However, understanding the extent to which your customer base is happy with your services is integral to your company’s success.
Strategy lies at the heart of most successful businesses. Businesses that plan and have clear objectives or goals, robust accountability and a shared sense of purpose should always outperform those that just show up and go through the motions.
Most small businesses are trying to grow their market share and revenue. This typically means thinking deeply about one of the major factors affecting inventory management: pricing strategy.
The end of the financial year can be either stressful or a seamless part of what you do.
Ideally, your end-of-year accounts will confirm what you think your business has been doing for the past 12 months.
Creating a highly-engaged workforce and a thriving workplace continues to be a major focus for all HR managers. And the reason is simple.
If someone had told me as a student in the 1980's that one day soon I could track my client’s business performance online, on any device, from anywhere in the world, I wouldn’t have believed them.
Hannah is a financial force. She is the founder and director of enableMe – Financial Personal Trainers, a chartered accountant, a master of taxation studies, best-selling author, TV personality and mum of two.
Hannah is presenting her brand new, 45-minute seminar at Uxbridge Arts Centre, Uxbridge Road, Howick February 27, 2018 at 6pm.
After spending months thinking about it, you finally decided to quit your 9-5 job and start your very first business. You think that this will be a win-win situation for you because you get to do what you love and be your own boss.
From a business perspective, it’s universe-shattering that a product that first rolled out in 1977 still captivates the punters and successfully enthralls a whole new generation.
BUSINESS buddy has investigated how Star Wars resonates with people who weren’t born when the first movie was released, without alienating those who are old enough to be their grandparents.
Three quarters of small and medium sized UK builders say that late payment has directly hampered their business growth according to a recent Federation of Master Builders survey.
If you’re shipping your goods out to your customers, it’s essential to ensure your freight costs are as low as possible. At the same time, we all know how important it is to reduce our impact on the environment.
Online purchasing has not-so-slowly and very surely become the way people shop. It is efficient, convenient and best of all can be done without any concern for traffic or trying to find dreaded car-parking at a mall.
Training in the workplace is a very valuable and important component of running a successful business.
The BUSINESS buddies are so excited about our February seminar that we are giving away one double pass to help a local business keep the dollars running like a river, all year round.
Are you a business owner feeling financial squeeze this January? You are not alone.
If your business is doing well and you’re looking to expand, that can be a sign of success. However, moving to the next stage of business development can be a risky endeavour.
Conducting business is no longer as simple, and dare we say primitive, as being present in the store at the point of sale, making said sale, recording said sale and replenishing inventory stock – all in a very hands-on manner.
So, you’re doing your homework on employee onboarding and preparing new starter kits infused with your company’s values. You also want to mastermind an onboarding process that even the tech giants would be proud of.
Business plans help define goals and help you achieve them. If you take time to set concrete and achievable goals, you can then chart a plan to reach these goals successfully. Having tangible goals can make a business thrive.
You’re never too old to write to the dude in the big red suit and the BUSINESS buddies have scribed their wish list for something special they would like to find under the tree.
Of course, they are trying very hard to be good right up until Christmas Eve, which is more of a challenge for some buddies than others.
Loot, dosh, cash, dollars, money, moola, coin… call it what you will but when there’s none in your pocket and none in the bank, it means one word – trouble.
The holiday season is a time when many businesses find cashflow diminishes to a trickle and it is the perfect occasion for BUSINESS buddy to advise entrepreneurs on how to unblock the dam.
If there were no customers, there would be no business. And with no business, there is no income. So, it would be safe to summarise that customers should be the point of business, would it not?
Having reliable rostering software, like goRoster, means that you know who is working in your business at any given time. It’s a great tool to help you manage your staff without having to be on site 24/7.
Promotions are almost always part of a retailer’s sales and marketing mix, and for good reason — they can drive sales and help you move inventory.
Managing your business’s impact on the environment is not only good for the environment but it can also help to improve your business’s reputation and reduce business costs.
Have you ever stopped to think where would your family and next-of-kin start if the worst happens?
For more than a year, BUSINESS buddy has operated a mobile office system on Fridays and with some experience of this initiative – we have tips to help it work in your workplace.
On Fridays, the Allens Road office doors are locked tight and our team works from where it best suits their needs, which could be at a client’s workplace, at home, in a hotel – virtually anywhere.
It’s the Holy Grail of business: increasing the number of profitable hours in a day.
To be successful in business, you need to be organised, have a clear plan for where you’re headed and be confident with the processes you have in place.
At a certain point, every growing business needs to take a leap and invest in new technology. It can be daunting and expensive, but the rewards can greatly outweigh the costs and stress.
When I designed the first Spotlight Reports, I usually included an Action Plan to close the circle between great data analysis and goal-setting.
Brewery inventory management can be done in a variety of ways. Often, companies will rely on a combination of methods, including web apps, written notes and spreadsheets.
Let’s get straight to the point: ecommerce is NOT killing brick-and-mortar retail.
BUSINESS buddy knows that in any business, cash flow is king.
When clients fail to pay on time it makes things toe-curlingly awkward for all involved.
Business owners struggle with chasing clients for money, and it requires awkward conversations and wastes a lot of precious time.
Forecasting is the process of estimating the effects trends, costs and external factors will have on your business in order to give yourself time to prepare.
Whether you’re trying to bridge a cash gap or secure funding to grow your business, the Xero marketplace offers a suite of apps that can help
Dennis Yarrow began Yarrow Plumbing back in 2003. Before that, he cut his teeth in the plumbing industry working in Papua New Guinea where he learned how to manage a team of 50 (and some other life skills he hadn’t bargained for).
Learn how to scale your business online at an exciting new BUSINESS buddy workshop on 12-1pm Tuesday, October 31 2017.
In any business, large or small, good teamwork is essential for morale, productivity and efficiency.
Many businesses use trade discounts to simplify variable pricing, protect a market recognised price point, stimulate sales or reward customer loyalty.
What is cashflow management? In its simplest form, cashflow management is doing everything possible to ensure that money flows into your business as quickly as possible, and leaves the business as slowly as possible.
The idea of renting your accommodation through Airbnb seems like the perfect way to turn empty holiday homes or spare bedrooms into income earning assets.
Inventory management can be overwhelming. There can be an incredibly large amount of tangible inventory, which can translate to a huge amount of responsibility and pressure to manage this inventory properly.
We have spoken to hundreds of business owners and thousands of their employees over the last twelve years.
The role of a tax accountant has continuously changed over the course of the last 50 years, and it is currently undergoing yet another transition period with the growing popularity of cloud accounting.
It was great to see so many SME operators play truant from the office Monday morning and head along to our Business buddy business-building sponsored event at the Howick Club, and what an event it was.
To receive ideas and inspiration from one of the world’s leading entrepreneurs, mentors and public speakers was truly special.
You’ve done the hard work by setting up your business and establishing solid foundations with a good client base – congrats! So how do you expand, and do so profitably?
If the thought of business networking gives you sweaty palms and a pounding chest then you are not alone.
Often people imagine it involves public speaking or standing in a room making toe-curling small talk with strangers…. cringe…but this fear is usually unfounded.
Have you shown your support for BUSINESS buddy?
The people’s choice for the David Awards 2017 closes on Friday September 15 and we would love you to vote for our team.
BUSINESS buddy has pulled off a HUGE coup and have arranged for one of the world’s leading business thinkers and speakers — Paul Dunn — to present a stunning business-building event right here in our region.
We're bursting with excitement and we want to share that excitement with you.
Not that we like blowing our own trumpet too loudly…. But BUSINESS buddy has made the finals for another award and we need you to exercise your voting fingers, again.
Even if a business has some other, high value, assets such as factory plant, inventory is likely to essential to the business’ ability to trade profitably.
BUSINESS buddy loves technology. However, let’s throw it out into cyberspace that to really get the most out of apps, notifications and those bings and bongs – every now and then you should turn off your smart device.
The homeware and furniture industry has been doing well for the past couple of years, and we expect this trend to continue. The annual expenditure on furniture per US consumer was $502 in 2015 (up from $386). Meanwhile, a report by Furniture Insights found that furniture orders for February 2017 were up 4% from last year.
As business owners, we can all get so busy focusing on the day-to-day running of our businesses that it can feel impossible to find time to analyse what we’re doing and planning for the future.
BUSINESS buddy realises that there is always something on the to-do list that just can’t wait, however exercising your business skills you will improve your entrepreneurial fitness.
BUSINESS buddy has entered The People’s Choice category of The David Awards 2017. With just one click, you can vote for us.
The BUSINESS buddy team is small and determined. They are relentless about delivering their promise to their clients, recognising success comes from its clients' success and their key principle is “Growing your business is our business.”
If you’re in business, making decent money is important. Sometimes, though, it doesn’t always work out the way you’d planned...
In a bold move, BUSINESS buddy has opened a bitcoin account and now we can accept and make payments with the digital currency.
We have done some homework and discovered the background of bitcoin and how businesses can use it.
It is, to say the least, confusing. Here, BUSINESS buddy has a go at explaining and simplifying the futuristic currency.
Look at a company with a reputation for strong employee engagement and you’ll find a high performing business. We’re not making this up.
How do you know which Xero Accounting Add Ons to use?
It’s an election year and immigration is a hot topic. Migration to New Zealand is at a record high and while it has significantly boosted the economy, some say it has contributed to Auckland’s housing crisis and pushed infrastructure to breaking point.
In April 2017, the Government announced changes in criteria for people applying for residency under the skilled migrant category (SMC), to stabilise immigration numbers.
Knowing what your payroll costs are – daily, weekly, monthly and yearly – is an important part of running a successful business. It allows you to forecast future wage costs, ensures you don’t have any surprises come pay day, and gives you confidence in the stability of the business.
But do you know the TRUE cost of your roster?
Remember the old (and slightly misogynistic) phrase Happy Wife, Happy Life! ? Well, it turns out there is a workplace equivalent: Happy workers, productive business! (and no – we couldn’t make it rhyme).
When Number Nurses won the marketing innovation award at the New Zealand Bookkeepers Association conference we nearly needed some CPR to control our racing heartbeats.
That’s the Jammie Army done and dusted for another year. Thanks to the generous people who sent snuggly pyjamas into BUSINESS buddy headquarters.
With the recent spate of cyberattacks causing havoc to businesses and individuals around the world, it has become evident that hackers are more threatening than ever before.
The Isle of Skye Candle Company’s first batch of candles was made in a converted croft on the Isle of Skye in 2006, and since then the company has been lighting up across Scotland and the UK.