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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.

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Choosing The Right Cloud-Based Accounting Software For Your Business

YoungUpstarts

Therefore you need accounting software that reflects an effective and efficient business – meaning, you’re going to have to upgrade from that spreadsheet. How does online accounting software work? No software updates required; you’ll always be using the latest version. Low start-up costs and no term commitment.

Cloud 197
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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. Software like Slido , Kahoot! Reach a wider audience. Location ceases to be a barrier. Live product demos.

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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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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. In many businesses, there are opportunities to reduce these costs without impacting the quality of your products or services. Understand your cash flow variables.

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Build a winning IP programme for successful innovation

NZ Entrepreneur

3) Help ensure that IP strategies and tactics are appropriately and cost effectively deployed. The work I have done with Air New Zealand, building an IP culture and programme, had full and visible support from the then CEO, Rob Fyfe. Implementation is as critical to success as the programme itself.

IP 52