Tag: MYOB Business MonitorSubscribe 18 Posts
As people all over the country are heading off on their Easter break, now is a good time to remember that for many small business owners, time off for a holiday is a luxury they just don’t have. Our most recent MYOB Business Monitor found that 58% of New Zealand small business owners said they were routinely taking fewer holidays in order to work in their business. Many small business owners will be working through the break, battling to keep their businesses running smoothly. For small business owners, finding a work/life balance can be incredibly difficult, with so many things needing to be done, and needing to be done now. There are a few things however, than can help you get some of that time back, and get more balance in your life: Get help from the experts Having a business mentor or a financial advisor involved in helping you run the business can be a huge help.
Friday 23rd March 2012 Happy Friday! The countdown to the End of Financial Year is on! With just a few days left until April 1, businesses around the nation are tallying, reporting, analysing and cleaning up - getting ready to start the new FY with their business sin order. Over the next week, we'll be bringing you checklists, advice, tips and tricks to surviving the EOFY - so make sure you keep an eye on The Pulse, on our Facebook page and don't forget to follow us on Twitter! Before you run off to enjoy another weekend, make sure you check out latest from the news sites... EOFY health check for your business The looming end of the financial year is a great time to check how your business is performing. Like checking under the hood of your car, it’s a good way to make sure everything is running smoothly and you’re not in for any nasty surprises down the road. MYOB's New Zealand General Manager, Julian Smith, runs through his top tips to make sure everything's ready to go for a new financial year. IT lesson from Quakes While there are no reports of companies being put out of business due to disruption to their IT systems in the wake of the Canterbury Earthquakes, many were disadvantaged, highlighting a need to ensure proper backup and staff communication processes were in order. The end of financial year is the perfect time to make sure your business is 'disaster-proof' and these great tips will help get you on the right track. More delays for Port of Auckland dispute Wharfies at the centre of the Port of Auckland dispute now face further delays as the port company says that they can't return to work due to rostering issues. Ongoing strike action has caused delays and issues over the past four weeks, and in this post, Julian Smith outlines why it's crucial for the New Zealand economy that it's sorted - quickly. Focus on the End of Financial Year - new edition of InFocus This edition if InFocus - MYOB's magazine for business, tackles a key issue for many Kiwi businesses - the end of the financial year - and includes regular columns from key business leaders, including EMA, BusinessNZ, Business.govt.nz, and Westpac. We also look at emerging trends in the New Zealand business environment, and how businesses can manage the expected growth. Check it out now! How spreading yourself too thin can have the opposite effect So many business owners spend time and effort investing in the health of their business...neglecting their own health along the way! The latest from Ms Mad Woman, Melina Schamroth, is a timely reminder for all to keep an eye on what those long hours in the home office is doing to our waistlines... Have a fantastic weekend! Emma Mulquiney | Online Editor - MYOB
The tough trading conditions of the past three years have highlighted how important it is to keep existing customers happy, while being constantly aware of new opportunities. According to the latest MYOB Business Monitor, businesses are planning to focus on customer satisfaction and growth in new markets in 2012. The most popular strategy for businesses is customer retention. This speaks volumes about the way business owners are structuring their business, and gearing them to be more service focused and proactive in keeping their existing customer base.
Happy Super Bowl Monday! (or Sunday, if you're in the US) Much like the AFL Grand Final in Australia and the Rugby World Cup Final in New Zealand, the match that stops a nation is currently playing out in lounge rooms and bars across North America. Last year, a global audience of 111 million people tuned in to watch the Green Bay Packers storm home over the Pittsburgh Steelers, with an estimated 10% of those watching from outside of the US. (and the preliminary figures for this year indicate that we might be on track to reach the 120 million mark.)
This morning, I shared the latest results from the MYOB Business Monitor with the media about the key priorities for Kiwi business owners in 2012. I’m pleased to say, there’s a healthy dose of optimism and “glass half full” sentiment out there in the engine room of our economy. In spite of all the international economic doom and gloom, for the most part, here in New Zealand we seem to be doing ok. For most folks who own a business – the year of the dragon is all about pursuing a growth strategy, which was clearly reflected in the MBM.
It’s hard to believe that the silly season is here, yet again. There’s only 25 sleeps until the big day, and retailers small and large around the nation are gearing up for the season that traditionally yields the year’s most profitable trading days. Unfortunately tough local trading conditions mean that Christmas won’t be merry for everyone, and the retail sector is the most at risk. Some retailers attribute up to 60% of their annual trade in the months of November and December, and for many, disappointing Christmas sales can put a serious dent in profit projections.