February 2020 - BAY OF PLENTY BUSINESS NEWS

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10 BAY OF PLENTY BUSINESS NEWS February 2020 Another sold-out success for Bay Dreams. Photo/Supplied Trustpower Baypark – ‘A Complete Package’ Meet at Baypark for your next event. Trustpower Baypark offers a complete package for any event with state of the art conference and meeting rooms, full Professional Conference Organiser (PCO) event management services, in-house catering, audio visual services and marketing/promotions. Drifting increasing in popularity. Photo/Supplied The new decade started with 30,000 festival goers flocking into Tauranga for Bay Dreams. Once again, tickets sold out and the venue was at capacity. The summer concert series also featured stand-alone concerts for Katchafire, Shapeshifter, Sticky Fingers and Tones and I during the end of December/ beginning of January. Drifting To satisfy the adrenaline junkies, Baypark Speedway continues to offer action-packed nights of racing for the whole family. Upcoming dates include: February 8 & 22, March 7 & 21. If you are interested in watching the races from the comfort of one of our Corporate Boxes, contact events@ bayvenues.co.nz for more information. Check out www. bayparkspeedway.co.nz for further race details. Back in early 2003, drifting in New Zealand was just emerging from the underground into the world of motorsport. Several Drifting teams from all over New Zealand came together to organise and regulate events nationwide, developing competition formats on race circuits and bringing Drifting off the back-streets. D1NZ has taken the lead in this unique automotive culture, with drifting recognised as the fastest-growing motor sports category in the world. The Series has produced world-class competition with many of New Zealand’s top drivers representing the country overseas with podium finishes in Australia, Japan, The USA, Thailand, Malaysia, Singapore, China and Europe. The up-coming 2020 Valvoline D1NZ Championship Series will continue to push boundaries and bring passionate car-loving Kiwis a high-octane entertainment spectacle, with a focus of educating and putting on a great drift show for fans. Round 3 of this series is on February 28 & 29 at Trustpower Stadium. Tattoo extravaganza Tattoo & Art Extravaganza showcases the finest talent in a variety of creative fields from contemporary to traditional art form. The New Zealand tattoo expo is back for 2020 on March 14 & 15! Mount Maunganui will be home to the top international and local tattoo artists, indigenous arts performances, wearable arts show, creative village, live entertainment and street artists. The Tattoo & Art Extravaganza celebrates culture, whanau, good vibes, contemporary and indigenous arts in many spectrums. This event is family friendly and is a candy store for art and creative enthusiasts. Netball Come to Baypark to support the Waikato Bay of Plenty Magic Netball Team play against the Otago Northern Stars in Round 2 of the ANZ Premiership competition on 23 March. The thrill of watching a game of this calibre live is contagious and you will not be disappointed. The ANZ Premiership is the premier domestic netball league in New Zealand. The league was formed in 2016 as a successor to the trans-Tasman ANZ Championship, which was held from 2008 to 2016. Active Retirees Bay of Plenty Expo The Active Retirees Bay of Plenty Expo returns on March 28 & 29. This is your chance to meet like-minded people who can help you make the most of your retirement. Speak with experts in travel, learn more about trusts, wills and investing, join a walking group or just enjoy a coffee with friends at the onsite cafe. Oh, and did we mention all this is FREE? The Expo will have Free Travel Seminars plus over 20 Group Tours to consider. 2020 Pacific Rim Gymnastics Championships Gymnastics New Zealand is excited to host the 2020 Pacific Rim Gymnastics Championships at the Trustpower Arena on April 17-19. The international biennial event gathers the best of artistic, rhythmic and trampoline gymnastics from the Pacific Rim nations. It will feature Junior and Senior athletes from invited Pacific Rim countries competing in Men’s and Women’s Artistic Gymnastics, Trampoline and Rhythmic Gymnastics across three exciting days of competition including all around, team and apparatus finals. Oceania Championships for Artistic and Trampoline will be held on Thursday April 16. For more information on any events, enquiries for Baypark venues, BayStation activities or service on/off site from BayCatering, BayAudioVisual visit www.trustpowerbaypark.co.nz, email events@bayvenues.co.nz or call 07 577 8560.
February 2020 BAY OF PLENTY BUSINESS NEWS 11 Bring in the coaches As we start a New Year and new decade there is no shortage of articles and trending social media posts on advice. High amongst them is the rise of executive or business coaching. FRANCHISING > BY NATHAN BONNEY Nathan Bonney is a director of Iridium Partners. He can be reached at nathan@iridium.net.nz or 0275-393-022 The analogies are that becoming a high performing professional in business is no different to a top athlete’s need to perfect their golf swing, swimming stroke or basketball lay-up shot. The Cambridge definition of a coach is “someone whose job is to teach people to improve at a sport, skill, or school”. Makes sense, but how does their role relate to the franchise world and particularly the franchisor? They themselves are often seen as the coach. So how does their role intersect with the often heard comment, “shouldn’t the franchisor provide or have that knowledge”? Well, I would suggest franchisors would benefit from having coaches as much as any professional, the hint is in the dictionary definition – to improve. So in what areas should they seek and take some advice? Many franchisors grow from being good at the doing of something – the classic economics example, say, of “building widgets”. First they build widgets, then a system around the widget building. This is the essence of franchising. The professional and commercial backgrounds of franchise builders can vary significantly. And not surprisingly, their skill set may also vary significantly. But there are three common areas in which they could likely benefit from coaching. People management, leadership, and the traditional human resources management skill set are becoming increasingly valued and are all important for commercial success. In other words, the franchisor’s core skills may be widget building when the business needs soft skills. The often unrecognized point, however, is that a franchisor’s business is actually not based around the widget building, it is around engaging their franchisees to widget build. It is also about managing a franchise support team, a group of people with a hard job who need coaching and support themselves. Many franchisors simply do not have the support skill set required. It doesn’t matter how good their process for making widgets is, if they are unbearable to work with, do not develop their teams and cannot relate to their franchisees, they are going to have a lousy franchise business. Don’t just wing it At the risk of alienating some franchisors, I am going to say that many are winging their way through a marketing programme. There are some franchisors who are savvy marketers and have well executed marketing and advertising programmes, but both groups could still benefit from a marketing coach. Often franchisors – particularly founders – are either too close and protective of their own brand and or do not have the time and capacity to see a bigger picture. Marketing is also often a point of contention between franchisors and franchisees, so bringing in an experienced, neutral external view can be highly beneficial. Many franchisors develop relatively good skills in reading and understanding legal documents including their own franchise agreement, leases and supply contracts. However, again they risk viewing these in isolation and without a broader context. Every franchisor should have a trusted legal advisor that they regularly review and discuss all things legal with. The law changes, as does the business climate and what was a good approach five years ago may not cut it today. In 2020 it appears we all need coaches, not because we don’t have skills, but to hone the ones we have and deliver our best selves. Franchisors owe it to themselves, and their franchisees, to seek out the coaches they need, or they may end up with 2020 hindsight. The quality of our work defines us. Manawa, a comprehensively designed residential development, is just one example of a project we are proud to put our name on. In addition to meeting commercial objectives for Nga Potiki, the development of the site was undertaken in a way that is socially, culturally and environmentally responsible and also provided substantial housing for Nga Potiki members. Experience. Knowledge. Better Outcomes. Our knowledge. Your project. Better outcomes. ENGINEERS . PLANNERS . SURVEYORS . ENVIRONMENTAL WWW.STRATUM.NZ | 07 571 4500
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February 2020 - BAY OF PLENTY BUSINESS NEWS

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