In this blog post, we’ll look at the three biggest mistakes property developers make, so you can avoid them in your own projects.
Before you even think about starting a property development project, do your homework. This means researching the market, understanding the competition, and knowing your target audience inside-out. Without this, it will be very difficult to succeed.
There are always unforeseen circumstances that can throw a wrench in your plans. That’s why it’s important to have a contingency plan. This could include having extra capital available or lined up, or a backup plan for marketing or construction.
Property development is complex and has many moving parts. Trying to do everything yourself is a recipe for disaster. Delegate tasks and responsibilities to experts in their respective fields. This includes hiring an experienced project manager, architect, and contractors.
Property development is a risky business, but if you avoid these three mistakes, you’ll be well on your way to success. If you can avoid these pitfalls and follow our tips, you’ll be one step closer to making your project a success.
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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 accounting, bookkeeping, payroll services designed to help you achieve greater financial success.
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If you run a business in Wellington, it’s time to double-check that your payroll systems are up to date. As of 1 April 2025, the minimum wage in New Zealand has increased, and failing to adjust your systems could lead to non-compliance and financial penalties.
On 1 April 2025, the New Zealand minimum wage increased, and it’s crucial for Wellington business owners to ensure their payroll systems and employee records are up to date. Failing to comply can result in costly penalties and damage to your reputation — not to mention disgruntled staff.
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From 1 April 2025, New Zealand’s minimum wage will increase, impacting businesses across the country. As an employer, it’s essential to understand how these changes affect your payroll, budgeting, and overall business operations. Here’s what you need to know to stay compliant and prepared.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.
You started your business to enjoy the freedom of being your own boss — yet somehow, you’re working longer hours and feeling overwhelmed with admin, meetings, and constant demands.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.
With 31 March fast approaching, now’s the perfect time to prepare for the end of the financial year. Acting early can save you time, reduce stress, and ensure your business is ready to thrive in 2025. If you’d like a checklist to guide you through the process, reach out — we’re here to help.
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