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11 tips for reducing costs in small business

NZ Entrepreneur

With inflation reaching a 30-year high, small businesses across the country will be looking for ways to reduce costs amid cost of living and rising price pressures. With the increasing cost of living, 7-in-10 local SMEs have also noticed changes in consumer behaviour. 2) UNCOVER HIDDEN COSTS. 7) SEEK OUT AN EXPERT.

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How AI is literally helping Kiwi businesses grow

NZ Entrepreneur

This very minute, businesses have the potential to significantly change the way they operate. Myles Matheson, a Data & AI specialist at Microsoft New Zealand, says the first step in talking to customers about AI is to understand what it means to them. Selling’ the concept of AI.

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Five common legal mistakes startup founders make

NZ Entrepreneur

However, operating as a sole trader provides no distinction between personal and business assets, exposing the founder’s personal assets to risk if your business has financial difficulties. While a corporate structure does impose certain ongoing reporting and maintenance obligations, these are not cumbersome from a time or cost perspective.

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5 strategies to make your business more efficient

NZ Entrepreneur

There are also countless cloud-based platforms for marketing and social media management that are easy to set up and relatively cost-effective for a small number of users on your team. Assess employee productivity and processes. Write a list of all the things you need to operate smoothly (equipment, tools, subscriptions, leases etc.)

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Generate and Transformify: Umbrella Solutions to Help Businesses Hire Top Talent Worldwide

Transformify

As IT talent becomes scares in many technology hubs like London, New York, Silicon Valley, Singapore, Sydney, Berlin and many other big cities, the employers are left with no other option than looking for talent elsewhere in the world. Via Transformify Recruitment CRM, the employers can source top talent regardless of the location.

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Mixing personal and business finances common but not always optimal

NZ Entrepreneur

Taking things further and leveraging your personal finance for your operation can be risky business, leaving assets like your home or car vulnerable and at risk of being repossessed. This can add a layer of stress to your life, on top of the already stressful challenges of running your business. INSIGHTS FROM THE TEAM AT PROSPA NZ.

Finance 105
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Common Intellectual Property mistakes made by startups

NZ Entrepreneur

www.google.com/patents brings up a plethora of information for finding out about existing patents and The Intellectual Property Office of New Zealand has a search engine to look up existing trade marks in New Zealand. Infringement proceedings can be very costly and time consuming.