Ok, so we’ve gone over setting up good financial systems and also how you can keep networking to bring the clients flowing in. To build a business that can survive past 5 years, you need a way to communicate business processes to your team. So, in saying that, we always: Start with systems All business
In the last article we talked about how setting up good financial systems is crucial to surviving your first 5 years in business. In this article we’re going to talk about the other most important thing. Your clients! Its obvious. No clients = no sales. If your business is to survive, you need a steady
There’s a lot of literature out there that talks about small business survival rate. The most common figure that gets thrown about is the survival rate past the first 5 years. In NZ, data from stats NZ show that for businesses born in 2020, only 41% have survived into 2025. That’s a 59% failure rate.
Let’s not sugar-coat it, things really look grim right now. We are talking about a potential scenario where superpowers collide which might throw all of us into an economic downturn. Currencies wobble like jelly, and your business plans go obsolete faster than your current smart phone! But here’s the thing, downturns no matter how dramatic