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Covid-19 Update

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October 22, 2021

Sick Leave Changes

From 24 July 2021 the number of sick leave days employees are entitled to increases from 5 to 10 days....

June 16, 2021

Building a Better Business: Step 10

This should be something you focus on all the time. Just as the flight attendants tell you to put the oxygen mask on yourself before helping others, it’s the same in business - you need to look after yourself at all times.What are the things that fill your ‘well of happiness’?These are activities that restore your energy and resilience levels and help you face challenges in your business. It could be dancing, yoga, mountain biking, reading, weightlifting, cooking, or meeting friends for co...

June 15, 2021

Building a Better Business: Step 9

When you’re driving, there are certain things on your dashboard that you keep an eye on - your speed, your fuel level, and the engine’s temperature.It should be the same in your business. You should have a business dashboard with 3-5 key things you’re monitoring regularly.Use this four-step process to create your own dashboard:1. Determine which Key Performance Indicators (KPIs) should be on your dashboard.These KPIs should have the greatest influence on you achieving your goals. For examp...

June 15, 2021

Building a Better Business: Step 8

Referrals are the easiest way to generate new business, and building strong networks is a great way to generate referrals. Networking and referrals are cost-effective ways to grow your business, as the return on investment can be huge. Think about the types of networking you can undertake and encourage your team to do the same.FIVE WAYS TO MAXIMISE REFERRALS FROM YOUR NETWORKS: 1. Consider the lifetime value of a new customer.Calculate the revenue you’re likely to generate from a new customer,...

June 15, 2021

Building a better business: Step 7

Have you ever set a New Year’s resolution and then reset the same one again the following year? It's widely recognised that approximately 80% of New Year's resolutions fail. How can we increase our chances of successfully achieving our goals? Accountability.The most foolproof way of ensuring you complete the actions you’ve committed to is to give someone nagging rights to follow you up. This may be your personal trainer at the gym who makes sure you show up at 6am, or it could be your accoun...

June 8, 2021

Free money? Yes please!

Business owners who are self-employed or receive a Shareholders Salary don't often contribute to their KiwiSaver fund, meaning that they are potentially missing out on a free $521 of Government money each year.KiwiSaver is a tricky subject, but if you're enrolled or want to take advantage of the free Government Contribution then it is important to ensure you are contributing at least $1,042 to your KiwiSaver fund per year (1 July to 30 June). If you haven't already enrolled, or are enrolled...

June 1, 2021

Building a Better Business: Step 6

Being a better leader and building a strong workplace culture is crucial to having a better business. Have you ever considered whether your workplace is toxic? With the average person spending more than 40,000 hours of their life at work, a workplace should be an enjoyable place to be. We all have bad days, but if the following bells ring… your workplace may be toxic. 1. A lack of trust between owners and the team.Is there a sense of ‘us’ and ‘them’? Everyone should feel part of t...

May 20, 2021

Building a Better Business: Step 5

Your ideal structure will allow your business to become more efficient and achieve economies of scale. This increases your bottom line returns at a greater rate than your revenue. Your organisation structure should allow your revenue to increase without creating bottlenecks.An organisation structure should show all ten departments in your business, who is responsible for what, and how the hierarchy works.Each department should have only one leader. The same person can lead more than one departme...

April 20, 2021

Building a Better Business: Step 4

You know what you want from your business; now it’s time to plan how to get it. Start by deciding what you want personally from your business. For example, if you need $100,000 p.a. to cover your living costs and a family holiday, and your overheads are $100,000, your gross profit needs to be $200,000. If your current gross profit margin is 50%, then your annual sales need to be $400,000. Make sure your plan is linked directly to how you’ll achieve what you want personally from the business,...

April 15, 2021

Building a Better Business: Step 3

This crucial step is so often overlooked. But without knowing your starting point, you don't know what your path to success looks like. It sounds obvious, but many business owners plan for the future without fully understanding where they are now.Answer the following questions honestly to help define where you are now (warts and all):1. How aligned are the owners / leaders of your business?If asked independently, would the leaders have the same vision for the business? Conflict must be addressed...

April 13, 2021

Building a Better Business: Step 2

It’s amazing what we, as humans, don’t even know that we don’t know. New learning opportunities are everywhere, and in this digital world, there’s simply no excuse to avoid new learning.Consider how many new things a five-year-old learns each day. Children enthusiastically embrace the world of possibility and the desire to learn. Why is it that, the older we get, the more likely we are to close our minds to new learning?We’re all busy, and sometimes we feel like we just don’t have th...

April 8, 2021

Building a Better Business: Step 1

This is Step 1 in our Building a Better Business series of Blog Posts....

April 6, 2021

Building a Better Business

It’s not easy, and at times you might question why you’re even doing it, particularly after the impact Covid-19 and the associated lockdowns had on business.But you’re here because you had a vision. You decided being in business was a better way to achieve that vision than working for someone else. And, you’re right; you just have to work on it.It's likely that you're an expert at what you do… maybe you’re a mechanic and know the inside of a car engine like the back of your hand...

January 29, 2021

JUST FOR ME

There are thousands of books written about leadership. We’ve distilled some lessons from some of them into the acronym JUST FOR ME - nine things within your control to help you become a more effective leader. Just do it.So often we get in our own way of implementing our ideas. Stop limiting the business’s potential and prioritise your time to ensure the important things get done.United vision and values.Your vision is where you want the business to be in the future; your values are the compa...

January 29, 2021

What will 2021 hold for you?

What a year 2020 was… none of us saw that coming! We hope you had a well-deserved, relaxing break! While there’s a lot of uncertainty about what 2021 will bring, we can take our 2020 learnings and plan for a better 2021. Last year saw changes for many businesses, and we were one of them. Although the year didn't work out as was expected as we rolled in to 2020 we wouldn't change a thing about how it ended. While there were many lessons and challenges, we are stronger and more certain ab...

January 29, 2021

Surround yourself with champions

It’s human nature to be influenced by the people in your inner circle. In fact, the odds of being successful are a lot higher if you’re surrounding yourself with people who are also successful.In a business context, consider very carefully the people and friends you associate with. Who plays a role in influencing your life? Who are your role models, mentors, and supporters?...

November 20, 2020

Building a strong company culture

While it might be easy to define culture in nice words, it can be much harder to grab hold of in daily business, especially when times get tough.A strong company culture is a driving force, underpinning a successful, resilient team. It shouldn't be ignored, especially during testing times.But what are the best ways to develop and manage a good company culture?...

November 20, 2020

How winners behave

Are you living above the line? If not, you need to get there, as it’s the easiest way to transform workplace culture and team performance. Here’s how, using the OARBED behaviour model:The acronym starts with OAR - when behaving above the line, one takes: OwnershipAccountabilityResponsibility.Below the line, BED, is defined as: BlameExcuseDenyNo matter what, reacting in these ways is below the line.You can see this behaviour in both adults and children. The likely reaction of a five...

November 20, 2020

Atomic Habits

We all have habits; some good and some not so good. Habits are those almost unconscious behaviour patterns we have... so, how do we build better habits?In his book, Atomic Habits, James Clear identifies two types of habits; outcome-based and identity-based. Understanding the difference and reframing your mindset will help you adopt an atomic habits mindset and ensure your desired habits stick....

November 20, 2020

Small Steps to Better Wellbeing

We are living in uncertain times at the moment - daily changes to the norm, with challenges to overcome. We are all feeling the strain. So what can we do to manage the stress and regain some much needed sense of wellbeing? Research shows that doing something (no matter how small) is the best way to manage anxiety. There is a lot we can’t control right now but there are also things you can do, and simply taking action can help us feel in control and therefore happier....

November 20, 2020

Need more time? Find out the Top 10 time wasters to avoid.

We all have the same 1,440 minutes each day, but some of us achieve so much more than others. How can we free up time to help lead a better business and ultimately achieve a happier life?...

November 2, 2020

Cutting costs or increasing your prices?

With more than 85% of SMEs expecting a lower profit in the next nine months, the more prepared you can be for the unexpected, the better. Managing expenses is a good idea at any stage in your business and you may need to consider increasing your prices....

October 19, 2020

Sales targets in a crisis?

Setting sales targets for your business is standard practice for any aspirational, growing company. If you’re going to stretch the sales and marketing teams, it’s important to have clear, unambiguous targets for them to aim for. But what happens when a crisis looms? In uncertain times it’s more than likely that your pre-crisis sales targets will effectively become unrealistic and impractical for your teams to use. So, how do you set sales targets during a crisis? And how can you ensure the...

October 19, 2020

Lessons learned in lockdown – for your business and life

Lockdown has been (and remains) a tough time for business. Having to shut your business at short notice, or switch to an entirely digital, remote-working model, was a stressful experience. But there are things we have taken out of lockdown. Whether it enabled us to explore new ideas or dive into some fresh thinking regarding work, life or a business venture.So, what lessons did we all learn from this enforced period of business shutdown, quarantine and remote working? Carrying over the positives...

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