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BusinessCompanies that thrived during a recession (and how they did it)
New Zealand business recession stories
In 2006, Rod Drury founded Xero, a cloud-based accounting software company in New Zealand. When the Global Financial Crisis (GFC) hit in 2008, businesses struggled, but Xero saw an opportunity. They recognised that small businesses would look for cost-effective and efficient solutions to manage their finances remotely.
Despite the recession, Xero focused [...]
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Do you want your business to be mediocre, or great?
[box] “There’s always someone who knows something.” ― Stephen King “Even though there are no ways of knowing for sure, there are ways of knowing for pretty sure.” ― Lemony Snicket “There’s more to getting to where you’re going than just knowing there’s a road.” ― Joan Lowery Nixon [/box] How many […]
Outsourcing in the Philippines
Recently Debra and I made a trip to Clark, Philippines to spend some time with our team there – Grace and Arlyn. My time over there led me to reflect on my experience with outsourcing to the Philippines, the changes that this way of working has brought about and the differences with our two outsource […]
From Soul Destroying to Worthwhile
Recently, I wrote about the challenges of the public works act engagements we are undertaking (click here to read). Since then, a number of people asked why were we still doing what appears to be soul destroying work? I have struggled with answers as to the why, especially after we have made such a big […]
It’s not just you, entrepreneurship is hard
So you’re an entrepreneur. Maybe you decided to change the world. Wanted to put your dent on the universe. Revolutionise something. Maybe you just wanted to stick it to the man, man. But then you discovered something you weren’t expecting. This is hard. You know it’s hard when you find yourself working late and missing […]
Sweating at Tax Time
One of the most painful situations businesses encounter is getting back their tax return with a big profit, accompanying tax bill, and no cash to pay the IRD. In fact, they haven’t seen any cash benefit of the profit throughout the year. There are a number events that can conspire to create the aforementioned unfortunate […]
