Why We're In It Competition
Be in to win $5000 to invest in digital or wellbeing solutions
Be in to win by telling us how you'd spend the $5000 on digitising your business or improving your own or your team's wellbeing.
Unsustainable workloads impacting Kiwi small business owners
Small business productivity and wellbeing is suffering from lack of digitalisation
One of the main pressure points for many small business owners is administrative tasks. Three in five Kiwi business owners say admin work impacts their wellbeing and passion for their work, with over half of them saying admin actually gets in the way of them doing the work they enjoy. Digitalisation is the key to unlocking time and streamlining administrative tasks, with almost half of small business owners thinking their wellbeing would be improved by making their wellbeing would be improved by making their business more productive with digital tools.
We know digitalisation works. A recent research report The Job Ahead: Small businesses and the global economic recovery, showed firms in Australia, New Zealand and the UK that used five or more business apps performed better than those with no apps. In fact, businesses with five or more apps grew their sales by 4.3% in the year to December 2020, while those without apps saw a decline of 3.4%. These small businesses also returned to near net job growth across 2020 compared to firms who had no apps connected.
Xero has developed Why We’re In It to advise small business owners and self employed Kiwis on the easy first steps they can take towards embracing wellbeing and digitising their businesses.
There’s a reason why you’re in business. It’s what makes you turn up each day and keep pushing. It’s probably the same thing that made you start a business in the first place. But when the stresses of work get in the way, it’s time to take action and reconnect with your why.