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Opinion: It’s a startup world

NZ Entrepreneur

If we want to maintain and support sustainable economic growth while meeting the broader needs of society, we will need an economy underpinned by innovation and new technologies. Suse Reynolds, Angel Association New Zealand. Check out New Zealand’s Angel networks on the Angel Association NZ website.

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Top tips to protect your small business against a cyber attack

NZ Entrepreneur

The 2022 MYOB Technology Snapshot – a survey of more than 500 New Zealand SMEs – showed 43% of SMEs increased their use of digital business tools (in the 12 months prior to the survey) due to COVID-19 restrictions, while 46% of SMEs hoped to improve the digitisation of their business further over the course of the year.

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How much bandwidth does your business need?

NZ Entrepreneur

Therefore, if one employee is uploading a large file to the cloud while another is on a video call, you need to have enough bandwidth to support them both. Bandwidth requirements are constantly evolving and employees have come to expect the same fast connectivity in the office as they enjoy at home. How much is enough?

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11 tips for reducing costs in small business

NZ Entrepreneur

According to the latest MYOB SME Snapshot, a survey of over 500 local SME operators around New Zealand, most believe the economy will decline in the next year, putting further pressure on cashflow and margins. New Zealand based businesses can search Find An Advisor database for accountants and bookkeepers here.

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What intellectual property (IP) steps should a startup take?

NZ Entrepreneur

You need to have answers to the potential IP questions that may be raised by future investors or exit targets at the time of their due diligence. I was involved with the preparation of an investment disclosure statement for a well-known New Zealand company that wanted to raise capital to expand their service into the US.

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Four cash flow tips to boost small business

NZ Entrepreneur

Ranked by the World Bank as the easiest country in which to start a business, New Zealand has in many respects become the poster-child for entrepreneurship. With around 8,000 small enterprises with staff (between 1-19 employees) established each year, small businesses account for 97 percent of all enterprises in this country.

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Are You In Control Of Your Business?

YoungUpstarts

At the same time, if you do have staff, trusting them to take over work with the same standards and expectations as you can be hard, which is another reason why straightforward streamlined systems will make it easier for you and your employees to maintain effective and efficient business operations. The demise of the spreadsheet.