Buying a business

Buying a franchise can be a shortcut to starting a successful business - but it's not without pitfalls. Kirsten Ferguson has some sound advice for would-be franchisees

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Working from home can be a great way to run a business - but going into it with your eyes open is a must, says Richard O'Brien. He suggests some areas you should be thinking about, and points out some of the pros and cons.

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Photot: freedigitalphotos.net/twobee
There are several strategies for growth and it's easy to overlook some opportunities. Richard O'Brien points out that tough times can be a boon for a pro-active business

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Question
The sign on your door, the poster in your window and the message on your vehicle all create an impression of your business in the eyes of your customers and prospects. If they are not accurate, in good condition or do not meet some of the criteria for a good sign, then you could be doing your business a disservice.

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April 1 typically marks the start of the new tax year and the reflection on the year that was. All the while doing what you do making your business work. It is often a good time to do some planning around your ACC and business insurance to manage cost.

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As baby boomers put their businesses on the market to retire, immigrant buyers are often on the lookout for a good investment - but J-Ella Sarich points out there could be some potential pitfalls.

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The unfortunate truth is that a lot of kiwi business owners expect much more for their business than they actually get. Richard O'Brien has some tips to help you make sure you get top dollar for yours.

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Are you ready to confront some business truths? Market Research objectively puts your business under the magnifying glass to highlight how you can make better decisions and discover new opportunities for your business.

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How much attention do you pay to your brand? Or more importantly, how much attention do your customers and prospects pay to your brand? If you're not getting maximum mileage from your brand, then you may be missing sales opportunities and limiting your growth potential. Even the smallest of companies benefits from having a strong brand.

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Business is all about balancing risk and reward - at that is particularly true when it comes to financing growth. Typically, many New Zealand home and small business owners are risk-averse (and wisely so), but one of the biggest reasons business owners give for their businesses failing to thrive is lack of capital. This week's guaranteed-under-two-minute read delves into some of the options and offers some advice if you're needing to invest in the business to help get it off the ground or to the next level.

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David Weusten outlines in detail the two major phases involved in buying a business and the information that you will require

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