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Smart strategies For Winning a Winning Business in New Zealand

Smart strategies For Winning a Winning Business in New Zealand

New Zealand is the most lucrative place to have a business. It has all kinds of entrepreneurs including car washing business to restaurateurs. However, the difference between a business that does not succeed and one that thrives beyond expect expectation is as clear as night and day. Ensuring that your business has specific, measurable, attainable and relevant goal is the way to ensure that you have a winning business. Beakon is an example of a lucrative business.

The business margin in New Zealand does not really allow for failures. However, defining strategy can make your business from the ground up or equally break it.

Winning businesses evaluate and re-evaluate. Evaluation will ensure that you only set successful goals for your business. Re-evaluation gives business owners a chance to re-strategize and reconsider what they would have done better in failing circumstances.

Developing effective strategies ensures that the most useful business insight is gained. Companies like Beakon have  a winning reputation takes integrity. However, integrity also comes with maintaining faith and vision. Many winning businesses sell because of their vision-usually, that is what their customers buy into.

Integrity when dealing with customers will test you on how to deal with real challenging, situation. Even so, business goes beyond this. If you have a great client relationship, you will build lasting connections and it won’t have to feel like you are only conducting a business transaction.

Repeat clients are known to make a business really successful. On the other hand, patience is both a good and a bad thing in business. This is due to the reason that too much patience does not push an organization to its full potential while too little may not push your goal through.

Other winning tips for business in NZ:

  • Good Partners

There is a big difference between a business franchise and one that is partner-oriented. Partners motivate each other to go the extra mile and work really hard.

  • Make a Flexible Plan

Most businesses in New Zealand require time and patience. The only way to achieve success is to make a flexible plan. Many times, bold moves are needed in order to achieve the unachievable.

  • Leverage, leverage, leverage

It’s important for business to delegate and outsource help, not only to make work easier but also to work as a team. Running a business is not a one man’s job; you will need all the help that you can get

  • Learn from the rest

You may want to know what other successful business around you are doing in order to thrive. Learning from the rest means that you get the best of both worlds, your own and advice from the rest.

 

Having a business means that you will have you to blaze your own trail. There are no career guides or counselors to see you through. However, it’s easy for your business to succeed in New Zealand with these tips and tricks.


Cash counters good to go with new New Zealand currency

New Zealand has announced the introduction of new bank notes. We are pleased to confirm that our units can be re-calibrated, meaning they can accommodate the second new type of notes.

 

It is important to choose a cash counter that is updatable or can be re-calibrated. Many other models sold throughout the country are lacking in this feature, or are often locked to prevent tampering. Our devices do not have that restriction.


How can a cash counter help your business?

By using an electronic device to rapidly count cash, a cash counter, such as our Beakon models, are great in improving accuracy, but actually saving on wage costs. That means in most cases, these cash counters will pay for themselves.

 

A typical cash handling business will find that they spend up to 30 minutes a day cashing up. In most cases, that’s $20-30 a day in wages. For businesses with more registers and cash, this can be as much as an hour. And sometimes even involve two people. That could, per day, cost as much as $50 or $60.

 

By using an electronic cash counter, our integrated scale system can weigh and calculate how many notes and coins, are present, and then produce a running total.

 

Cashing up now takes as little as 2 minutes with one of these devices. In fact one of the common lines we hear from our customers are that they are surprised by how quickly these units work!

 


Consumer Watch: Beware of GPS systems…

Consumers are being advised to be cautious of GPS systems sold on low cost websites. Typically any provider offering to provide ‘free tracking’ or a monthly fee less than $20 a month is unlikely to be using a secure server.

 

The reason for this is that a company simply cannot afford to go below the wholesale rates for a radio network connected to the GPS unit, as well as provide a quality tracking server at the same time.

 

Some companies have been found to be using quality tracking servers shared with international counterparts in Bulgaria, that have security threats. These are often susceptible for DOS attacks and other forms of malicious hacking. In many cases, a GPS tracking server could be easily compromised and your data could be stolen or deleted.

 

GPS tracking is not an avenue to scrimp on, and consumers should be careful not to go with providers who sacrifice the key components of a reliable server.

 


What is a Fleet Management System?

A Fleet Management System, usually abbreviated to an “FMS”, is a system in which an individual or business can view all their vehicles live through a software system.

Beakon has an online ‘cloud based’ system, which makes it easy for you to access our system from your own computer via the internet, as well as other places you may regularly login from, for example your colleagues computers, your mobile phone, your home computer, and even your iPad or tablet. Many other companies do not offer an online web system, meaning you can only access the system from your one single computer. The most basic function of a Fleet Management System is the tracking feature. That is, being able to see your vehicles live on a map at one time.

Fleet Management Systems are typically used by businesses to achieve cost reductions and protect their assets, as well as improve business efficiency. In many cases, a GPS tracker will typically pay for itself.

According to research shown by the Berg Institute, there are 4 million fleet management units in Europe today, with hundreds more being used every year in New Zealand and Australia.


The Value of GPS Tracking

There are clear ways to save money and raise efficiency with GPS tracking. GPS tracking brings fantastic benefits for every business. Including:

 

  • Faster response timesBy always knowing where your vehicles are, you can get them out to job sites or customers faster. You can also relay this information to your customer, so they can get realistic estimated times of arrival.
  • No more mucking about phoning drivers!

If you do the maths and calculate the time spent speaking to drivers, even if you make 3 calls a month to a driver, the system’s monthly cost will likely pay for itself.

 

  • Preventing unauthorised useUnfortunately, employees often decide to use your vehicles for their own benefit. That is, driving your vehicles and using your fuel for personal use, or heading out to do their own personal activities during their working day. GPS tracking enables you to identify and eradicate unauthorised vehicle use.

 

  • Responding to Vehicle Crime

 

Company cars are often targets of vehicle crime. That’s for all sorts – sedans, trucks, vans and the like. Even if you may not realise it, thieves are very interested in getting their hands on your vehicles, equipment, confidential data, and documents. GPS trackers are an invaluable help in the event of vehicle theft.


Consumer Watch: Outrageous Installation Costs

Be careful of GPS tracking options that are using a mixture of overstated installation and monthly charges, to help ‘bring down’ the price of the up front unit.

 

It can be tempting to find the cheapest option out there, but in the process of doing so, you need to consider what are the

 

– device costs

– monthly or annual costs

– installation costs

 

Some companies have been found to charge as much as $50 for a monthly fee per device, as well as $250+ installation per vehicle. These costs DO NOT include the device up front cost. These are outrageous costs that you may only learn about further down the track.

 

It is helpful to choose a GPS tracking provider that outlines all the charges transparently, so you know what you are paying for.
Also be cautious of companies that only lease the units (despite you paying an up front cost), meaning you never own them.

 

Beakon has an efficient team process, which balances out these 3 areas of the cost structure, making us one of the most affordable choices in New Zealand and Australia right now. That means no one area of our work costs more than it has to.


How Does A GPS Tracking System Work?

GPS tracking systems work by a small, non-intrusive unit being installed a vehicle. These units are powered by the vehicle’s main battery and then usually backed up with a light internal battery.
GPS tracking systems then use a combination of satellite positioning technologies and a radio network, to send data to our central server. Our central server then interprets this raw data and produces maps and trackable history logs.

 

The best part is that these systems also allow you to view reports, including speed, locations, history, parking locations and so forth.

 

A GPS provider will typically aggregate the whole system in to one for you, that is – the fleet management website, the tracking device, and radio technology subscription, all into one price.


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Improving Business Efficiency

For years now, Beakon has been supporting businesses in eliminating waste and raising efficiency. Working to better manage the ‘backend’ of your business – or simply, the bit the customer doesn’t see – is a fantastic way to trim down costs and run a more efficient business, where staff are best using their talents, rather than getting locked up in mundane tasks. This also means cost savings that can be passed on to a customer, or profits that can be used elsewhere.

Providing management, vehicle tracking, and cash solution systems, Beakon has been helping businesses looking to raise ‘lean operations’ where costs and losses are minimised. Our customers, namely directors, managers, and their end staff, have been able to raise profits through trimming expenses, as in many cases the solutions we provide pay for themselves.

GPS Tracking: These units typically pay for themselves after being able to identify unauthorised vehicle use by employees, as well as poor driving habits, such as longer routes being taken. All of these can be identified through our software system provided to clients.

Cash Solutions and Handling: For any business that handles cash, a lot of time is consumed counting cash registers, notes, and coins. By speeding up the process through electronic systems that are affordable, business owners almost always find these units also pay for themselves.

Employee time management systems: By allowing businesses to track those that work in the business, companies no longer have to worry about the issue of employees coming to work late, or going home early. By identifying just one employee who goes home 10 minutes early every week, a cost saving can be found for the business.