Business Mentors Blog
David Du, the founder of Geotech Engineering and Consulting NZ Limited (GECNZ), set out to solve some of New Zealand's toughest land stability problems. With over thirty years of experience in engineering and construction, David saw a need for innovative solutions to stabilise land affected by earthquakes. His journey, supported by Business Mentor Keith Love, showcases resilience and the power of mentorship in driving business success.
NPS – Net Promoter Score is one of the most popular measures for understanding your business. If your Mentor or advisor hasn't mentioned it, then you have probably already helped someone else measure theirs. So why is it so popular? Here, we explain NPS, including what it is, why it matters, and how to measure it.
Running a small business in regional New Zealand comes with unique challenges and opportunities. Although, urban centres can dominate the conversation, there's much to be said about business beyond the big smoke. Lifestyle, community and connection are just a few of the rewards on offer.
Business partnerships can be the linchpin of success, but they need to withstand plenty of pressure. Fortunately, even when relationships fray, taking deliberate actions can help you keep your partnership blossoming.
In the heart of Hawke’s Bay, Jillyfish Swim School stands as a beacon of dedication and passion for swimming. The story behind this vibrant swim school is one of resilience, love, and an unwavering commitment to a dream shared by Reece Kennedy and his late partner, Jill.
Succession planning shouldn’t be something you leave until you’re ready to step away from your business; early and effective planning should be part of your strategic process from the beginning of your business journey. It’s just one of the exit strategies you can choose from, where a Business Mentor can offer guidance. By keeping your eye on succession as an end objective, you’ll help ...
When Faye wanted to spend more time at her bach in Whangamata, she decided to make the most of her creativity. She'd always had an interest in art and is fascinated with different mediums and the stories of the artists themselves. So, when she visited the Little Gallery, she thought, "Oh, I think I could do this, and it could be quite fun!" The business is actually two galleries—one in Whangamata and one in Tairua. This proved to be a blessing.
For your business to succeed, you need to work well with your people and have them work well for you. However, managing poor performance can be particularly difficult for business owners with a small or close-knit team. You need to ensure that everyone delivers while maintaining morale and relationships. Early awareness, clear communication and following a fair process are key.
Beginning with the end in mind is one of the best productivity hacks. For small business owners, there is huge potential in thinking about your exit plan long before you choose to step away. Early planning can improve your exit process, business valuation, and financial outlook, as well as help you be more efficient while you're still driving things.
Hosting a sale is an effective way to boost your cash flow, attract customers and clear the way for a new season. If you’re going to the effort of having a sale, why not do your best to make it a spectacular success? Here are some tips for smart planning, effective marketing and great customer experiences to maximise your rewards.
