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Starting Your Business |
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| Starting a business can be a terrifying experience. When you start a business you want to do it right. After all, you don't want to trip up before you have even started. Hopefully the articles in this section will help answer some of the burning questions you may have. | |
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The secret of business successEither you, or someone you know, will have seen or read “The Secret” – an inspirational work that teaches us that the law of attraction really does work and that positive thinking really can bring us success and riches. So presumably, the law of attraction applies to business as it does to every other field of our lives? Is it really as easy as sitting in our armchairs and visualising our business raking in the money, or is there more to it than that? Are we misinterpreting how the law of attraction applies to business? Click here to learn the secret of business success |
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How to set up a joint venture without exposing yourself to unnecessary liabilityThe demand letter made Sarah’s heart sink. A $10,000 debt which she knew nothing about, yet her name was going to appear as the Defendant in court proceedings. When she rang up Malcolm, it transpired that the debt was for advertising spend she knew nothing about and would never have approved. Yet her neck was now on the line. Click here to learn more about joint ventures |
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Three important checks every business owner should make before choosing their trading nameJudith nearly choked on her coffee when she saw the ad in the paper. Judith had never had a problem with competition, but the name and logo of this new business looked remarkably like hers. There were differences of course, but she feared her customers would get confused. Her fears were confirmed when one customer complimented her on "her advertising campaign".Click here to learn about the 3 checks |
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How to ensure your business becomes an asset not a liabilityAfter ten years the plan was to retire: either Trevor could sell his business and generate a retirement fund, or pass the business onto his children with it paying him a yearly consultancy fee too see him through his twilight years.But after ten years neither was possible. Nobody would buy his business and his children perceived it to be a liability. Click here to learn how to make sure your business becomes an asset not a liability |
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How to stop your business partner ripping you offLaura thought she had al the bases covered by having a comprehensive suite of Intellectual Property and Restraint clauses in her employment agreements. What she didn’t expect was that her own business partner would leave the business and set up in direct competition to her utilising the company’s IP. Click here to learn how to use a shareholders agreement to prevent a falling out with your business partners |
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How to decide when you need a written agreement (and when you don’t)“You have a deal!” said John as he reached over to shake Paul’s hand.Paul was elated. He knew the new business venture could reap rewards for both parties. However, Paul had been burnt before in a similar deal and knew he should have a written agreement with John. But, he wasn’t sure John would go for it – and he didn’t want to lose the deal. Click here to learn when you need a written agreement and when you don't |
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How to take the employee worry out of buying a franchiseThe advantage of buying a franchise is that the franchisee’s business is packaged up and ready to go. But for many franchisees that creates a huge problem: on day one their staff turn up for work and the franchisee is expected to manage them. Equipped with little or no prior business experience, that can be a huge barrier to anyone considering buying a franchise and one which the franchisor must overcome.However, at Esquires we have been able to take the employment worry out of buying a franchise. Click here to learn how Esquires Coffee Shops took the employment worry out of buying a franchise |
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Will your Health and Safety Policy save you from prosecution?The metal stake had pierced his right side, gone through his torso and was now protruding from his stomach. Surprisingly there was very little blood but his ear piercing scream was enough to alert everyone on the building site.Jason was only 15 and shouldn’t really have been on the site. His Dad could only look over his body mortified as the emergency services cut the stake and took Jason to hospital. Click here to learn the importance of having a rigorous health and safety policy |
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Why running your business is no different to running your carJason had travelled the length and breadth of New Zealand in his VW Beetle, but strange noises under the engine in a desire for more acceleration off the lights, meant it was time to move on. His Beetle was going to be the deposit on his new car … that was until he realised he couldn’t sell it. Click here to learn why running your business is no different to running your car |
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Self employed business owners: is Kiwisaver right for you (and what's the best way of structuring it in your business)?If you were walking along the High Street and saw a $10 note on the pavement, would you pause to pick it up? Most would say yes. If you are not one of those, what if it were a $50 note? Or a banker's draft for $1,000?If you are like most people, you will probably take a quick look around to see if you are on a hidden camera show, wonder why no-one else had seen it, then have the bank note in your pocket before the next person could say "Kiwisaver". Click here to find out whether KiwiSaver is right for you |
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