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What is labour productivity and how does it impact your business?

Xero

If you or your clients are looking for ways to grow profits, drop prices or pay staff more, then one strategy is to lift productivity in your business. But what is productivity exactly (hint: it’s not about working longer hours), and how can you lift it in your small business or practice? What is small business productivity?

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Intuit Launches QuickBooks Small Business Index

CPA Practice

the financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, recently launched the Intuit QuickBooks Small Business Index , a new monthly indicator of employment and hiring among small businesses in the U.S., Small and young businesses are essential for employment and productivity growth.

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Achieving that sale getting harder for small businesses

Xero

Small business owners are well aware how hard it is for their customers right now, who are trying to stretch their budgets to cover the rising cost of household bills, transport, housing and debt repayments. This isn’t leaving a lot of cash to spend in their local small business. days late in March 2023. days in June 2023.

Sales 90
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Summer Series reflections: making the most of XSBI in your practice

Xero

Recently, small businesses have had to navigate some pretty significant headwinds in the macroeconomic environment. The unemployment rate is still low, which is great news… except if you’re a small business looking for staff. But what’s often missing from this coverage is how these trends are affecting small businesses.

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Facing challenges in your small business? XSBI data shows you’re not alone

Xero

The latest Xero Small Business Insights (XSBI) data shows just how challenging conditions became for small businesses, and their customers, towards the end of 2023. Despite improvements over the past year, inflation (or cost-of-living) pressures remained in late 2023. In New Zealand , sales fell an average of 0.3%

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Three things we learnt about small business from the latest XSBI data

Xero

The latest round of Xero Small Business Insights (XSBI) featured plenty of new data showing how small businesses are tracking across Australia, Canada, New Zealand, the United Kingdom and the United States. We track several small business indicators including sales, payment times, jobs and wages.

Sales 100
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Key insights into small business performance in 2022

Xero

While many hoped 2022 would be a year of recalibrating and regaining some certainty, it instead brought more change that small businesses have had to adapt to. . We’ve been talking to our customers throughout the year, gathering information on how they’re feeling, how their business is performing, and the key challenges they are facing.