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May/June 2020 - BAY OF PLENTY BUSINESS NEWS

From mid -2016 Bay of Plenty businesses have a new voice, Bay of Plenty Business News. This new publication reflects the region’s growth and importance as part of the wider central North Island economy.

From mid -2016 Bay of Plenty businesses have a new voice, Bay of Plenty Business News. This new publication reflects the region’s growth and importance as part of the wider central North Island economy.

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10 <strong>BAY</strong> <strong>OF</strong> <strong>PLENTY</strong> <strong>BUSINESS</strong> <strong>NEWS</strong> <strong>May</strong>/<strong>June</strong> <strong>2020</strong><br />

Resilience and recovery<br />

Robyn Parker’s craft<br />

business: now focused<br />

on eCommerce.<br />

Photo/Supplied.<br />

A snapshot of where the<br />

Bay business community<br />

is at, with thanks to the<br />

Tauranga Chamber of<br />

Commerce for its insights.<br />

David McConnochie afa<br />

Paul O’Driscoll afa<br />

Get the expert help you need<br />

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Ensuring that you have enough income<br />

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Brett Bell-Booth afa<br />

Prime Minister Jacinda<br />

Ardern has warned that<br />

overcoming COVID-19<br />

in New Zealand would be a<br />

“marathon, not a sprint”. The<br />

same could be said of the region’s<br />

economic recovery,<br />

says Tauranga Chamber of<br />

Commerce chief executive<br />

Matt Cowley.<br />

The announcement of an<br />

exit from Level 4 lockdown<br />

to a “recovery” state of Level<br />

Philip Kilpatrick afa<br />

Andrew Davis afa<br />

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(07) 578 2737 forsythbarr.co.nz<br />

TAU6332-01© Forsyth Barr Limited April <strong>2020</strong><br />

3 this month was the starting<br />

line for many local businesses<br />

who were unable to trade for<br />

the five-week period. And so<br />

begins the process of recovery<br />

and adaption to an economic<br />

climate shaped by COVID-19.<br />

For businesses looking to<br />

kickstart their own recovery,<br />

Cowley advises owners not to<br />

save their company on their<br />

own.<br />

“It’s tough and businesses<br />

owners cannot be across everything,”<br />

he said.<br />

“They should reach out for<br />

support, including their accountant,<br />

bank, business mentors,<br />

and any government-supported<br />

resources, such as the<br />

Chamber’s Regional Business<br />

Partner Network (RBP)<br />

programme.<br />

“It is reassuring to bounce<br />

ideas off other knowledgeable<br />

people to assist in decision<br />

making.”<br />

Helpline for recovery<br />

Since lockdown began, the<br />

Chamber’s RBP programme,<br />

or Biz Hub helpline, has been<br />

in contact with nearly 600<br />

businesses in the Bay, all seeking<br />

business advice, direction<br />

and support.<br />

What began with queries<br />

regarding short-term cashflow<br />

issues and access to the<br />

wage subsidy, have shifted to<br />

a long-term focus – advice for<br />

businesses that can’t trade on<br />

how to diversify their offering,<br />

business continuity planning,<br />

marketing and sales training,<br />

and more.<br />

Business advisor Kirstin<br />

Mead said:”People were really<br />

grateful to have this business<br />

support available, to be able<br />

to speak with an experienced<br />

business advisor who can help<br />

them get the right support for<br />

their business.”<br />

Mead said there were a<br />

number of ways businesses can<br />

adapt, including digital transformation<br />

to allow for eCommerce,<br />

buying local as both<br />

a member of the public and<br />

also in a business-to-business<br />

capacity, and taking charge<br />

of the new ways of working<br />

around health and safety (eg<br />

social distancing) to be ready<br />

to hit the ground running when<br />

doors can fully open.<br />

Chamber engagement<br />

co-ordinator Anne Pankhurst<br />

has been with the Chamber<br />

As we cascade<br />

down the alert levels,<br />

our long-term view<br />

on the horizon should<br />

increase.”<br />

– Matt Cowley<br />

through a number of regional<br />

crises, including the Rena disaster<br />

and the Global Financial<br />

Crisis. Her advice to businesses<br />

looking to rebuild is<br />

to take the time to review and<br />

reset their business model.<br />

“The recovery could be<br />

long and so doing business as<br />

it was, is likely to change,” she<br />

said.<br />

“Those businesses that<br />

think strategically in this time<br />

will be best placed to come out<br />

of this crisis. Those that don’t<br />

expect to return to business as<br />

usual will recover quicker.”<br />

Adapt to survive<br />

But many local businesses profiled<br />

here and elsewhere in this<br />

issue have demonstrated just<br />

how flexible they can be. For<br />

example, Greerton retail business<br />

owner Robyn Parker was<br />

devastated when the doors of<br />

her craft store closed in March.<br />

Uncertain about the future of<br />

her business, she found solace<br />

in attending regular webinars.<br />

“Mentally, they helped<br />

a great deal, as I felt like we<br />

weren’t alone in this,” she said.<br />

“The webinars helped me<br />

turn around our thinking to<br />

make the most of this time. I<br />

learnt how to use Zoom and<br />

FaceTime, and begun using<br />

video calling to help my customers<br />

with their crafting<br />

problems.”<br />

Taking her newly acquired<br />

digital skills to the next level,<br />

Robyn is working with website<br />

provider Zeald to develop<br />

an eCommerce site and has<br />

created an online community<br />

of her customers that she never<br />

imagined would be possible.<br />

Mount Maunganui café<br />

The General also saw trade<br />

turn down during lockdown.<br />

Owners Malika Ganley and<br />

Aaron Winter have made the<br />

decision to also stay closed<br />

during Level 3, as it is not viable<br />

for their business to open,<br />

and hopes for the Level 2 announcement<br />

to be soon.<br />

“There is no doubt it will<br />

affect the way our business<br />

was running [compared to]<br />

pre-COVID, but we are using<br />

this time to work on refining<br />

the business.”<br />

The pair were granted capability<br />

funding through the<br />

RBP programme and are now<br />

working with business growth<br />

centre The Icehouse to review<br />

their current operations and<br />

plan for next steps.<br />

“They have been encouraging,<br />

inspiring and have set us<br />

on a very direct course with<br />

where we need to be heading.<br />

This coaching is exactly what<br />

we needed and will play a big<br />

role in us hitting the ground<br />

running.”<br />

Regional recovery a<br />

process<br />

Like individual businesses,<br />

the region also needs a plan<br />

to adapt to survive. Cowley<br />

said the Bay’s recovery would<br />

be a transition as the business<br />

community addressed the immediate<br />

crisis, while looking<br />

to reposition itself.<br />

“For example, New Zealand’s<br />

border restrictions will<br />

restrict the country’s supply<br />

of international seasonal and<br />

skilled labour,” he said.<br />

“We will have to use our<br />

existing labour force better,<br />

and make it easier for people<br />

to retrain to fill job vacancies.<br />

The region would benefit from<br />

coordinating supply chains as<br />

the border restrictions are causing<br />

air freight fees to increase<br />

for importers and exporters.”<br />

The region would also<br />

benefit from reconsidering its<br />

long-term economic plan, he<br />

said.

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