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11 tips for reducing costs in small business

NZ Entrepreneur

With inflation reaching a 30-year high, small businesses across the country will be looking for ways to reduce costs amid cost of living and rising price pressures. With the increasing cost of living, 7-in-10 local SMEs have also noticed changes in consumer behaviour. 2) UNCOVER HIDDEN COSTS. 7) SEEK OUT AN EXPERT.

Cost 88
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How much bandwidth does your business need?

NZ Entrepreneur

A good example of increased data consumption is that the average New Zealand home and business used 515 gigabytes (GB) of broadband data in October 2021 compared to 329 GB in 2019. Business fibre The pinnacle of internet delivery methods, fibre-optic cables offer the fastest speeds available in New Zealand.

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Going Virtual: Key tips for running an online event

NZ Entrepreneur

But first, in case you’re not quite sold, let’s review some of the benefits of moving your event online: Reduced costs. This in turn allows you to reduce the cost of entry and open your event to more people. With no need to hire a venue, additional support staff, catering, and more, you can run an event for less.

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How much bandwidth do you really need?

NZ Entrepreneur

70% of New Zealand businesses haven’t reviewed their internet connectivity options within the past twelve months. . This represents an extraordinary number of businesses potentially sitting on plans they’ve outgrown or missing out on new options better suited to their needs. Hyperfibre.

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Go global or grow local? The Kiwi startup quandary

NZ Entrepreneur

Motivated to find a way to help students reduce costs, Yoo worked with advertisers to subsidise student printing. The study revealed that if Niesh first targets growth domestically in New Zealand, they will be better able to replicate their model in overseas markets and have appropriate growth strategies.

Global 50
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Technology trends in the New Zealand business market

NZ Entrepreneur

Darren Oxlee is the Small and Medium Business Customer Program Manager for Microsoft New Zealand and has seen two key themes emerging amongst businesses: the first being a large migration to Cloud-based technologies and secondly, more businesses are starting to leverage deeper insights into their operational processes because of advanced data tools.

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500 Founders: Luke Campbell, Marta Meszaros, Andy Bowie & Abbe Hyde

NZ Entrepreneur

Welcome to ‘500 Founders’ where we ask innovators from around New Zealand for their top insights for first time startup founders. ” “If you’re a B2C business, go and figure out what channels will get you the leads you need, and at roughly what cost. Luke Campbell – Cofounder.

Founder 101