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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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Event: Purposeful Business
This is your invitation to hear from Three great business leaders;Theresa Gattung, Jacqui Bensemann and Yi Ping Ge Listen to some of their behind the scenes journeys through driving business growth, surviving fire and building bridges. When: Monday 11th November 219Time: 5.30pm – 8.00pm – Drinks, nibbles, speakers and networkingVenue: The Maritime Room, Princes Wharf, […]
I had a dream, and you will have it too.
When a G1 (first generation) wealth creator has a business or an activity that they are proud of, and have a dream for its future, the most common mistake they make is to assume that everyone else will have that dream too. In particular their children. Some of the worst tragedies that I have witnessed […]
Business at first sight
Business marriage guidance, or how to deal with ‘business at first sight’. It has become a guilty pleasure, I have been watching ‘Married At First Sight (NZ)’, and a truly awful Australian show called ‘Seven Year Switch’. During a commercial break, it dawned on me that when people get into business together, they often do […]
The Trusts Act – not a negative.
The Trusts Act 2019 received royal consent in July 2019 and will come into effect after 30th January 2021. The Act codifies existing practice surrounding trusts. The key changes are: Extension of a trust’s life from 80 years to 125 years. Defined trustee duties to mandatory duties and default duties. Default duties can be contracted […]
Growing business value for retirement
So you’re running a business, and you’re thinking about retirement. Nobody will be able to run your business the way you do, but just shutting your doors probably means you will be throwing money away… What’s the game plan? Are you going to hand over the reins to an employee, or family member? Or are […]
