http://www.bspadvisory.co.nz/blog/ The latest Blog feeds from www.bspadvisory.co.nz en-us Mon, 04 May 2026 16:35:15 +1200 Rocketspark http://www.bspadvisory.co.nz/blog/post/160631/are-you-rewarding-performance-or-creating-entitlement/ Pay conversations are rarely just about money. They usually carry something else: Pressure on margins.  Concern about setting precedent.  Uncertainty about what is actually being rewarded.  Most business owners want to reward performance fairly. But when remuneration conversations happen, performance often gets reduced to whatever is easiest to measure: Revenue generatedTargets achievedHours workedOutput deliveredResults matter.But paying purely ... Wed, 18 Feb 2026 16:17:08 +1300 http://www.bspadvisory.co.nz/blog/#post160631 http://www.bspadvisory.co.nz/blog/post/160129/can-your-business-actually-afford-to-grow/ The pace hasn’t quite returned. The phone is quieter. There’s a bit of mental space again, often for the first time in a long while. And for many owners, this is when a familiar thought starts to surface: “This feels like the year I need to make more sense of the business.” Not in a dramatic way. Not because something is broken. But because carrying things as they are feels heavier than it should. Growth is usually part of that thinking. More customers. More revenue. More momentum. But f... Thu, 29 Jan 2026 00:00:00 +1300 http://www.bspadvisory.co.nz/blog/#post160129 http://www.bspadvisory.co.nz/blog/post/158978/what-should-i-do-about-wage-increases-this-year/ One of the most uncomfortable moments for a business owner isn’t a bad month or a tough customer...It’s sitting across the table from a good employee, knowing their expenses are rising faster than their pay, and wondering whether saying “yes” to a pay increase today, quietly creates a problem you can’t easily undo tomorrow.There is a practical way to handle wage increases without blowing your budget or damaging trust.It doesn’t involve saying yes to everything — or avoiding the con... Mon, 19 Jan 2026 11:38:51 +1300 http://www.bspadvisory.co.nz/blog/#post158978 http://www.bspadvisory.co.nz/blog/post/156254/introducing-the-step-programme-a-clear-pathway-for-new-zealand-business-owners-who-want-control-growth-time-or-a-successful-exit/ Running a business in New Zealand today requires resilience, adaptability, and no small amount of grit. Between labour shortages, rising costs, operational pressure, competitive markets, and the seemingly endless demands from customers, staff, and administration — it’s no wonder business owners often feel stuck, overwhelmed, or unsure of their next strategic move.For many owners, the business that once felt exciting and full of possibility now feels like a weight that never quite lifts.At BS... Tue, 18 Nov 2025 00:00:00 +1300 http://www.bspadvisory.co.nz/blog/#post156254 http://www.bspadvisory.co.nz/blog/post/94694/a-must-read-for-every-new-zealand-business-owner-over-50-in-2025/ If you own a business in New Zealand and you’re over 50, what you’re about to read is one of the most important messages you’ll hear this year.You’ve survived Covid. You’ve pushed through labour shortages, inflation, rising costs, and constant operational pressure.You’ve done what most New Zealanders will never understand — kept a business alive through some of the toughest years in decades. Well done!But right now, there is a far bigger challenge quietly forming beneath the surfac... Mon, 17 Nov 2025 00:00:00 +1300 http://www.bspadvisory.co.nz/blog/#post94694 http://www.bspadvisory.co.nz/blog/post/99899/how-much-should-i-sell-my-business-for-and-is-it-the-right-time/ At BSP Advisory we deal with many New Zealand businesses across a broad range of industries and one of the common questions we get is “How much should I sell my business for and when is the best time to sell?”These are important questions — but they can only be answered properly by looking at the structure, performance, and readiness of the business.That’s exactly where the STEP Programme comes in.... Sat, 01 Nov 2025 00:00:00 +1300 http://www.bspadvisory.co.nz/blog/#post99899 http://www.bspadvisory.co.nz/blog/post/95167/new-study-of-1-500-nz-business-owners-uncovers-a-surprising-pattern/ Running a business in New Zealand is not for the faint-hearted.Covid, labour shortages, recruitment difficulties, supply chain pressures, rising costs — all piled onto an already demanding role for owner-operators. So, we recently checked in with over 1,500 business owners to understand what they’re struggling with right now.The answer surprised us.51% said the number one thing they wish they could change is their work/life balance.Not profit.Not sales.Not staff.... their work/life balance.A... Fri, 17 Oct 2025 00:00:00 +1300 http://www.bspadvisory.co.nz/blog/#post95167 http://www.bspadvisory.co.nz/blog/post/109906/how-this-cambridge-couple-successfully-exited-their-business/ When people search for business mentors Hamilton or business advisors Hamilton, they’re often looking for one thing: Clarity. Clarity about growth, leadership, value — and ultimately, how to exit their business with a financially satisfying result, without no stress.I had the pleasure of talking with Toni and Keith Paton (Ex Keith Paton Joinery) last week who successfully sold their business and have been enjoying retirement ever since.They had just returned from a motorhome trip around NZ ... Thu, 11 Sep 2025 00:00:00 +1200 http://www.bspadvisory.co.nz/blog/#post109906 http://www.bspadvisory.co.nz/blog/post/130952/an-introduction-to-exit--succession-planning-step-programme-edition/ Whether you're considering stepping back in the next five years or are looking to grow your business and secure its future, Exit and Succession Planning is a critical area deserving attention.Learn what exit & succession planning is, why it matters and 6 key steps for effective exit and succession planning.This article explains what exit and succession planning really is, why it matters, and how the STEP Programme gives NZ business owners a clear, structured path to the strongest possible fu... Wed, 09 Jul 2025 00:00:00 +1200 http://www.bspadvisory.co.nz/blog/#post130952 http://www.bspadvisory.co.nz/blog/post/103923/succession-planning-vs-exit-planning-key-differences-and-how-they-benefit-your-business/ Exit planning is the process of planning for the eventual sale or transfer of a business whereas succession planning is the process of identifying and developing internal employees or family members to fill key leadership positions with the aim of taking over the business one day. Issues exist for both topics and expert guidance and advice is recommended.... Tue, 15 Apr 2025 00:00:00 +1200 http://www.bspadvisory.co.nz/blog/#post103923