Will Small Business weather a rising minimum wage?
Written by Rob Drower and John Cleghorn, Managing Partners – Prime Strategies Group Most of you will be well aware that the minimum wage rate will increase to $16.50 as of…
Fight. Flight. Freeze in Business
The phrase “fight or flight” was coined in the 1920s to describe key behaviour that occurs in the context of a perceived threat. It evolved as a survival mechanism and…
How to build a company where the best ideas win
What if you knew what your coworkers really thought about you and what they were really like? Ray Dalio makes the business case for using radical transparency and algorithmic decision-making…
Improving your business decision making skills
by Srini Pillay for The Harvard Business Review. We are faced with the need to make decisions every day. Should we bring product A or B to market? Which marketing…
6 Steps to better Productivity
By Meridith Levinson for CIO Workplace performance expert Jason Womack says changing the way we do our work to improve our productivity is hard because our processes have become habit, and in…
Are your decision making skills hot enough?
Business Management is full of decision making – and the ability to make a good decision, in a timely manner, using the available information is vital to business success. It…
Pricing Strategy is Crucial for Small Business to Maximize Profits
In general, small businesses tend to under-price their products and services – or they price haphazardly. By not pricing effectively, this effects their profits, reduces the available capital for future…
Seven Tips to Mining Gold within your Customer Base
Written by Prime Strategies Business Advisor Craig McCulloch. Did you realise that every small business is sitting on a gold nugget that is often neglected by owners? So many businesses…
15 expert tips: How to write a great business plan.
Writing a good business plan can be a make or break step for a SME Business in the fast paced New Zealand market. A strong business plan gives your investors,…
Five Ways a Business Advisor Can Make You More Successful
Think you only need a business performance advisor when things are not tracking so well? Not so. All businesses need help at some stage – even the fastest-growing businesses can…
Accelerating business growth in 15 steps
Scaling for business growth takes considerable effort. Initially you will find you are handling all management aspects of your business single-handed, even dealing with clients on a daily basis –…
When Employees Bring Personal Struggles Into The Workplace
What if your employees are struggling with personal problems that begin to take over their work life? “Studies show that almost half (47 percent) of employees admit that their personal problems…