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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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Warning signs of organisational misalignment
Picture yourself driving down a road. It’s been raining so the road is a bit slick. You have noticed recently your car has been pulling to the right, but you just compensated for it by adjusting your steering to the left. Suddenly the person in front of you brakes abruptly and you apply your brakes […]
You’ve heard it before: but here’s a reminder, Kintsugi.
Our daily lives have abruptly taken a shift. Some people are now settling into their new routines and are finding comfort in their new norm; however, others find themselves in a difficult position struggling with anxiety, fatigue, grief, frustration, and isolation. The journey to our new normal has been and will continue, to present us […]
Richard’s December 2021- February 2022 tax updates
Richard has had over 30 years’ experience with New Zealand and International taxation. His team provide services including: Q&A service for accountants Tax opinions IRD risk reviews and audits IRD arrears International tax advice Below are articles from Richard’s weekly email ‘A Week in Review’ over the last month. You can sign up for his […]
2022 – a new year, a new challenge
Firstly, no one knows what will happen in the future, and the doomsday merchants are always right eventually. My guess is, 2022 will be a year of adjustment. As we leave 2021, a few economic stats admittedly harvested for my narrative to think about. Government debt now stands at $102b which is its highest level […]
Organisational Alignment – a critical ingredient to top performance
The ‘Master Widget’ company has good products, and the people are working hard, but the company is just not operating cohesively. Therefore, inefficiencies are driving up costs, a silo mentality rules, frustrated people are leaving, and the competition is gaining on them, so they are leaking profits. In other words, the company is misaligned – […]
