April 17th, 2009
The traditional formula for selling a healthy business is between one and two times turnover, or four to eight times earnings. But relying on these formulas results in 75% of private businesses being sold for less than they are worth. Consider these alternatives:
First, you recast your income statements for a few prior years. [...]
April 17th, 2009
A survey of 92 of NZ’s top businesses by remuneration specialists, dsd Consulting, has found businesses are seeking innovative ways to manage their costs rather than cut jobs. Dsd says it has been surprised by the number of organisations looking internally and actively engaging with their staff in finding solutions, and really promoting the message [...]
April 17th, 2009
The NZ Manufacturers and Exporters Association Figures has lashed latest official figures showing NZ’s Multifactor Productivity (MFP) has grown by an average of only 0.6% since 2000. The Association says this performance is pitiful, but not surprising given our economic framework.
The Association’s top man, John Walley, says “the lack of growth in productivity is a [...]
April 6th, 2009
Lack of cashflow forecasting is the single largest problem small businesses face. National Bank specialist business manager John Eaden says not enough businesses map out their expected cashflow. This affects their potential survival in a challenging economic climate. He says businesses only planning once a year have a 36% survival rate over five-years. This contrasts [...]
April 6th, 2009
Most business owners know they need a mission statement, but having one doesn’t guarantee success. In fact many are so massaged they say nothing. If you’re developing a mission statement, keep these ideas in mind:
• Make sure the mission is clear. If staff can’t remember it, or express it in their own words, they can’t [...]
April 6th, 2009
The Govt needs to think carefully before deciding to limit temporary work visas for skilled migrants or interfere in any way with the retention decisions of companies. The Productive Economy Council says the Govt needs to consider why a productive company chooses to retain migrant workers over local workers, This would be the “skilled migrant” [...]
Max Bowden's
Business Sense
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