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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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The five keys to a harmonious workplace
It is crucial to feel comfortable at work because you spend one third of your life there! For your employees to have a sense of pride and belonging in the workplace, it’s important to have a healthy and positive work culture. One of the most important criteria is that employees feel free to share their […]
Benefits and Issues of Cryptocurrency
When people think about cryptocurrency, we mostly think about Bitcoin but what exactly is cryptocurrency? Cryptocurrency is a type of digital currency which is recorded on a blockchain that can be used in exchange for goods or services. A blockchain is a specific type of database that stores information in blocks that are chained to […]
The Customer is no Longer King
In the past, companies have been built on the motto that ‘the customer is always right’, and yet, it is becoming more and more apparent, that the customer can sometimes be a complete idiot. Previously, you would have to put up with it. And in the rise of the digital age, online reviews are starting […]
Being too positive is dangerous
As Alfred E. Neuman famously said, “What, me worry?” In October, I facilitated a discussion with Bruce Sheppard (CEO of Gilligan Sheppard) and Evana Lithgow (Managing Partner of Working Minds) to add to our series on life and business post-lockdown. The discussion centred around how do we deal with, and face the uncertainty of the […]
Valuing SMEs in New Zealand
We all know New Zealand is a country with a high number of small to medium businesses (SMEs). This may mean we are entrepreneurial, value working on our own terms rather than those dictated by employers, wish to utilise our skills or turn our ideas into action or a myriad of other options. How then […]
