EP 557 - OCR Held At 2.25%: What NZ Business Owners Need To Know
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EP 557 - OCR Held At 2.25%: What NZ Business Owners Need To Know
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About this listen
The Reserve Bank held the OCR at 2.25%, and everyone's looking for relief. But the reality is the external conditions won't save your business, your actions will.
Luke and Phil break down why waiting for perfect interest rates, inflation numbers, or economic conditions is a losing strategy. We cover why business is supposed to be hard, the friction between economists and the Reserve Bank, and why some businesses are thriving while others are stuck waiting for someone else to fix their problems.
When are we going to learn that the external is created from the internal? You're going to have to go and do the work first. Stop looking for magic solutions.
The businesses winning right now aren't waiting for rate cuts, they're executing their strategies regardless of economic conditions.
If you're interested in working together:
Visit our website https://nextadvisory.nz
Let's connect over a quick call: https://calendly.com/philsmith/
Instagram: https://www.instagram.com/nextadvisory.nz/
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.