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Recent data has given us a wake-up call about how poorly we’re performing as a nation of business owners. Compared to other countries surveyed, New Zealand ranks low across several key areas. In this podcast, we’ll walk you through what this means, and share some ideas to help you stay ahead of the curve and compete more effectively on the international stage. If you're interested in working together let's connect over a quick call: https://calendly.com/philsmith/ Get our $20,000 business planning tool for free: https://nextadvisory.nz/ Instagram: / nextadvisory.nz Business inquires: [email protected] 0:00 Intro 0:37 Stats, red tape, and wealth tied to property 1:15 Age effect: boomers’ flat firms vs under-40 growth in 2024 2:33 Younger owners’ edge, property incentives, and the CGT debate 4:38 MBIE’s Digital Boost unwound; where owners actually seek help 5:57 Survey results, recession context, and an ageing owner base 7:41 Banks prefer property over productive lending 8:39 Gen Z credit habits and NZ ranking last for online sales 11:02 Digital payments and social media: New Zealand at the bottom 12:01 Simple digital wins: online sales, payments, and visibility 12:52 Growing under-40 ownership; serving boomer demand; client example 14:55 DIY mindset, paying to free time, and complacency 16:37 Aiming higher, investing in yourself, and patience with marketing 31:33 Know your numbers: spend, margins, and avoiding late-fee waste 34:03 Data-led decisions (Air NZ), real ROI from programmes