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10 Daily Habits of the Rich and Powerful

It's the little things that make up the big things. Here's a list of ten traits of some of the movers and shakers in the world today (and from the past).

1. They Stay Healthy
Health is make-or-break. If you have it, your life will take on meaning like you couldn't otherwise know; but if you don't have it, you will only accomplish a comparatively small percentage of what you otherwise would be able to. Like a dedicated runner who sees the need to count calories, log miles, and track their monthly progress when it comes to hitting the pavement, a good leader has to stay on top of their health to unlock those higher abilities to make good business decisions and wise choices. It all starts with managing your health. 

2. They Value Down Time
The greatest leaders have always known how to make time for themselves. They went home after work and enjoyed time with their families. They understood priorities being properly managed. They perfected the art of relaxation and were thus able to push forward much harder, despite their imperfections and vices. If you are constantly running out of steam, you won't be able to build a solid, long-lasting business.

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Isn't Twitter a waste of time? Isn't Facebook for the kids? 

Not anymore.

It's true that Twitter and Facebook started out with very 'non-business' objectives. The founder of Twitter actually did invent it so you could tell everyone you were going to the shop to get some milk; and anyone who has seen the movie The Social Network knows about the very lowbrow origins of Facebook.

Other social media platforms include LinkedIn, Google+, YouTube, Pinterest, Instagram, Snapchat, Foursquare, Quora, Tumblr, Vine, Flickr and MySpace, among others.

In recent years savvy marketers and business owners have worked out how to use social media VERY effectively for communicating with the market place, in a new way.

Traditional marketing, like advertising, is a monologue. A one-way conversation, coming from the advertiser. There's no interaction in a TV or newspaper ad.

Read more…

How To Plan Your Exit Strategy

exit strategyStarting a business can be an exciting part of your life. From business planning, execution, to actual operation. But one day it will come to an end - you will need to retire and appoint someone to take the business, or close it down for good.

As trusted business advisors in Auckland, we help clients to create exit strategies for their businesses. Here are some of the things that you need to consider when planning an exit strategy:

1. Future funding

Just like your retirement plan, you should also set aside enough funding for your business after you are gone. If you own a big company, you should consider the hundreds of people that you employ. You can't just leave them behind if you decide to step down or close the business. But if you are a solopreneur, it is okay, since you only have yourself to consider. Your retirement plan is enough to cover you. Read more…

Tips To Better Understand Your Customers

understand your customersUnderstanding your customers is one of the major ingredients of a successful business. Business owners who truly know their customers and what they want are bound to flourish in whatever venture they undertake.

That is why, before starting a business, you need to know who your target market is and what they want. This needs to be included in your business planning and business strategy.

As an experienced business advisor in Auckland, here are some tips to help you achieve this.

Tip #1 - Know your customers

If you want to understand your customers, you first have to know who they are. This may seem a little difficult but in reality it is not. A simple way that you can know your customers is by looking at the foundation of your business. Read more…

Things that prevent you from getting richMost of us want to be rich - to buy the things that we want, to travel to different places, to perhaps build our own business and more. But for most getting rich is not that easy. Even though you work hard every day, the money you earn is still not enough to buy and do all the things that you want.

One of the reasons for this is due to our poor money habits.

As a trusted personal financial and business advisor in Auckland, we are sharing some of the common things that we notice people do that prevent them from building a strong financial position. So, what money traps can you fall into? Read more…

Ways To Improve Your Sales

ways to improve your businessOne of the main reasons for starting a business is to make money. But what if your business is not what you dreamed it would be? What if it is not earning enough? What if you have tried all kinds of marketing and sales strategies but your sales continue to drop and you are left with a negative cash flow?

What should you do?

As business advisors and chartered accountants in Auckland, we've seen many small and medium businesses struggle to increase their profit and business value. When this happens we assist them to get back on their feet and help them create a business strategy to improve their sales and performance.

So if you find yourself struggling to improve your sales, here are some tips that may help: Read more…

Sorting your financesUltimately business owners want to earn more and spend less to maximize their business profit. This is achievable if you know how to handle your finances and follow these simple tips.

1. Be honest and realistic when analysing your finances

Examine the funds in your business closely. Do you have enough money to sustain your operations for the next 3 or 6 months or the whole year? What is the status of your cashflow? Is money regularly coming in? Are you aware of your outgoings? Last year or in past years, were you spending more and gaining less?

Answer these questions as honestly as possible without any bias. Then, analyse your business finances. If you are spending more and gaining less, admit it. Be realistic about your finances. Track down the problems. And once you do, focus on how to solve them. Read more…

Business upgradesBeing in business is very competitive. Considering the many businesses and startups sprouting up everywhere, plus with continuous market changes, competition just gets tougher. That is why as an entrepreneur, you need to offer something new or come up with better service if you want to stay in the game.

So how do you do that?

How do you attract more customers and improve your service?

The new year is fast approaching so you should review and revitalise your strategy to keep your business growing. As trusted business advisors in Auckland, we have put together some business suggestions that you can start planning today and execute at the start of the new year. These aim not only to help you stay in the game, but also put you on top. Read more…

Cash Flow TipsChristmas is the most awaited time of the year. Not just because of the festive and merry vibe everywhere, but because it is also the time that we can relax due to the long holiday break. However, that long holiday break may not be a good thing for some businesses as it means an irregular period of cash flow.

Businesses might close for a few days or even weeks during this time - but it doesn't mean that their expenses stop. There are still business expenses that occur while your business is on a break.

Some of the cash flow woes that small and medium sized businesses experience over this season include insufficient funds to cover expenses over the summer break and the employees who are responsible for managing your cash flow, accounts receivable and other financial affairs are on holiday.

So how do you beat these cash flow problems while enjoying the rest of the holiday?

Here are some simple cash flow management tips that you need to do to have a worry-free holiday season: Read more…

Creating An Effective Business Strategy

Creating Business StrategyWe know that business strategy plays an important role in the success and growth of your business. Whether you are starting a business or buying one, you need it to go in the right direction.

Since the year is about to end, you should revisit your existing business strategy and perhaps draft a new one in preparation for the new year.

How do you create an effective business strategy or update your current one? How do you create a new strategy that is more applicable to changes in the industry?

Developing or updating your business strategy does not need to be hard.

You can start by outlining your ideas and plans. You can then polish it afterwards. You don't need to write everything just to make your business strategy look smart and comprehensive. You just have to make it clear, brief and very specific.

But if you are still unsure how to draft your business strategy here are some tips to help you get started: Read more…

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