Remove blog 2023-small-business-trends
article thumbnail

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?

article thumbnail

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. Yes, these issues are all featured widely in the media. Here’s a snapshot of what I heard.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What you can expect at Xero Asia Roadshow 2023

Xero

Exploring the agenda This year we’re exploring how we can work Smarter, Faster, Stronger, Together to support small businesses across Asia; your clients, who themselves strive to do this every day, and depend on their accountants and bookkeepers to help get them there. What’s more, we have prizes to give away!

article thumbnail

Economic trends to help your business plan for 2024

Xero

As 2024 approaches, it’s a good time for small business owners to think about business planning for the next 12 months. The most successful businesses in 2024 will be those that focus on lifting their productivity. Focusing on productivity can have benefits at the individual business level, too.

article thumbnail

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. We’ve summarised the major trends and also have some tips for you on how to navigate the current headwinds. y/y in January).

article thumbnail

Five tech trends for small businesses in 2024

Xero

In 2023, generative AI tools can generate poems, short stories and complex legal and medical documents in a matter of seconds. To help small businesses and their advisors plan ahead, I’ve looked at separating the hype from reality to uncover the top five technology trends that may impact the small business landscape in 2024.

article thumbnail

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. . In the XSBI program, we use anonymised and aggregated data to track the performance of, and improve understanding about, small businesses.