As a business owner, CEO, or managing director, looking ahead is crucial. Your role involves guiding the company and providing a roadmap for a successful year, especially in the face of a recovering market and economy.

Tailoring your 2023 strategy to address key challenges is essential. Consider the following factors:

1. Global economic crisis impact: 

Although the business world is recovering from the pandemic, we cannot ignore the ongoing global economic crisis in early 2023. Slow markets and high prices present challenges for keeping the business afloat. Reflecting this reality in your goals, targets, and long-term plan is necessary.

2. Overcoming the supply chain crisis: 

While there are signs of recovery in global supply chain issues, sourcing necessary products and raw materials can still be challenging. Slow ocean freight and logistics pose risks that should be factored into your planning. Whenever possible, explore local suppliers to reduce logistics times, lower costs, and create a more sustainable supply chain. Shopping around for the best deals is also advisable to source goods at competitive prices.

3. Navigating the ongoing talent shortage: 

People are crucial to your growth strategy, but talent shortages can hinder your plans. To address this, consider promoting existing talent from within the company or reach out through your network to find experienced new hires. Utilizing contractors or freelance workers can serve as short- or medium-term solutions if permanent employees are challenging to find.

4. Embracing cutting-edge technology: 

Business software solutions have advanced significantly in recent times. Incorporating the latest cloud apps, automation tools, and AI solutions into your strategy can give your business a competitive advantage. Identify manual tasks that can be automated and tracked using software, enabling you to enhance productivity, efficiency, and focus on higher-value tasks such as business development, sales, and customer service.

5. Agility and pivoting: 

Building agility into your strategy and 2023 planning is crucial in unpredictable times. New opportunities can emerge overnight, and unforeseen threats can appear without warning. Your business should be able to pivot, refocus, and adapt quickly. Developing multiple “what-if scenarios” can help you explore different strategies and be prepared for various situations.

Discuss a review of your 2023 planning with us

Keeping your business plans up to date and refreshed is vital for staying ahead of the competition. As your adviser, we can help you review your 2023 plan, identify areas that require adjustments, upgrades, and refocusing of strategy and targets.

Contact us to arrange a planning meeting. It could be the most important step toward making 2023 your best year yet.


Your Outside Team

Need a bit of assistance with your
business? Contact an Outside Accounting team member today and learn more about
our fixed fees. You won’t regret it.

Aside from business consultation, we
are business accountants Wellington
who offer accountingbookkeeping, payroll services designed to
help you achieve greater financial success.

You can click here to speak to a businessaccounting and bookkeeping firm. We will give you a
call to know more about your needs. We will explain to you how we can improve
your business.


Wellington Accountants | 

Business Accountants | 

Construction Accountants 

Property Accountants 

Contractor Accountants 

Hospitality Accountants |


Property Developer Accountants | Accountants Wellington | Wellington Accountant | Business Consultation | Business Adviser

AddressLevel 2, 182 Vivian Street,
Te Aro, Wellington 6011, New Zealand 

Mail: PO Box 24-457, Wellington 6142

Phone04 889 2975

New Zealand Accounting, Bookkeeping & Property Business Consultancy Services | Wellington & Lower Hutt Xero Property Accountants Business coach business consultation business adviser

Business Accountants: Understanding Changes in Residential Property Taxation

Recent years have seen significant adjustments to the tax landscape, particularly concerning residential property. The government has responded to calls from various quarters to address investor demand in this sector. Notably, recent changes have been initiated to reverse tax policies affecting residential property, aligning with promises made by both National and ACT during their election campaigns.

Read More »