The first year in business is often both the toughest and most rewarding time. It’s when you start to figure out who you are as a business owner, and whether there really are people out there who will pay for your product or service.
If you’ve listened to Rod talk about Xero lately, you’ve probably heard him mention “the end of the beginning”. We’ve built beautiful accounting software and while that’s really cool, we’re only really getting started.
The rules of trust are changing. Where customers used to trust large financial and commercial institutions without question, now that trust needs to be earned. This is benefiting start-ups and small businesses that offer accountability and a personal, authentic experience.
“No-one wants to hear their baby’s ugly. And because of that fact a lot of small business owners out there not paying attention to reviews,” explains Bill Tancer, best selling author and online review expert.
This Thursday, the NZ Government will release its annual budget. We’ll be watching and we’ll let you know what the budget means for the small business economy.
Last year we saw an additional $425 million going into the Business Growth Agenda over the next five years with money going toward regional research institutes and grants to encourage private sector research and development.
Although South Africa has had its fair share of economic challenges, the country’s entrepreneurial spirit is incredible. We’re seeing a major shift to the cloud as many small businesses embrace new technology.