Dec 2020 - Bay of Plenty Business News
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DECEMBER <strong>2020</strong> VOLUME 4: ISSUE 12<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
HEILALA VANILLA TOPS<br />
TAURANGA BUSINESS AWARDS<br />
Overall winners Heilala Vanilla celebrate their<br />
awards. Photo/Salina Galvan Photography.<br />
Rotorua Chamber Commendation Award winners Kaitiaki Adventures. Photo/Michelle Cutelli Photography.<br />
For full coverage <strong>of</strong> the success<br />
stories <strong>of</strong> the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>’s leading<br />
businesses at this year’s awards in<br />
Tauranga and Rotorua, please see<br />
pages 3 and 10-19.<br />
EDITORIAL<br />
Tenby Powell mayoral<br />
resignation shakes up<br />
Tauranga council.<br />
P4<br />
KIWIFRUIT<br />
New investment fund<br />
kicks <strong>of</strong>f.<br />
P5<br />
FRANCHISING<br />
Know your motivation<br />
for buying.<br />
P21
2 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong><br />
Your<br />
business’<br />
network is<br />
important<br />
So we invested<br />
$1 billion into<br />
ours<br />
Sound fair?<br />
Call Shawn for a chat on 022 200 0141<br />
FOR KIWI BUSINESS
westpac tauranga business awards<br />
<strong>Dec</strong>ember <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 3<br />
<strong>Bay</strong>’s<br />
<strong>Business</strong>es<br />
celebrate<br />
fightback<br />
from Covid-19<br />
at Westpac<br />
Awards<br />
Heilala Vanilla was named <strong>Business</strong> <strong>of</strong> the Year at the<br />
recent Westpac Tauranga <strong>Business</strong> Awards <strong>2020</strong>.<br />
Heilala Vanilla chief executive Jennifer Boggiss with Alan Neben and Pete Wales from <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong><br />
<strong>News</strong>. All photos from the Tauranga Westpac <strong>Business</strong> Awards <strong>2020</strong> were taken by Salina Galvan Photography.<br />
The Te Puna-based manufacturer<br />
and exporter <strong>of</strong> high-end vanilla<br />
products also picked up two<br />
other accolades: the <strong>Business</strong>, Digital<br />
& Technology Innovation Award, and<br />
the Manufacturing & / or Distribution<br />
Award, which was sponsored by <strong>Bay</strong><br />
<strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> <strong>News</strong>.<br />
Meanwhile, in the recent Rotorua<br />
Westpac <strong>Business</strong> Awards, Tim<br />
Rigter, General Manager <strong>of</strong> Red Stag<br />
Timber picked up the award for the<br />
Rotorua <strong>Business</strong> Person <strong>of</strong> the Year,<br />
and the Rotorua Lakeside Concert<br />
Charitable Trust received the Outstanding<br />
Contribution to Rotorua<br />
Award.<br />
n For full details <strong>of</strong> the two <strong>Bay</strong> <strong>of</strong><br />
<strong>Plenty</strong> Awards events, please see<br />
pages 10-19.<br />
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· Asking price plus stock approx $200K<br />
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camella.anselmi@linkbusiness.co.nz<br />
A clean sweep for LINK!<br />
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Bruce Cattell<br />
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4 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong><br />
www.bopbusinessnews.co.nz<br />
CONTACT INFORMATION<br />
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Mob: 021 884 858<br />
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<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> <strong>News</strong> has a circulation<br />
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between Waihi and Opotiki including Rotorua<br />
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Tauranga’s future<br />
as a city <strong>of</strong> strategic<br />
importance to New<br />
Zealand cannot be<br />
left to a small group<br />
<strong>of</strong> petty politicians<br />
who have a long track<br />
record <strong>of</strong> hindering,<br />
or even worse,<br />
stopping progress.”<br />
– Tenby Powell<br />
From the editor<br />
It is with great pleasure and pride in the <strong>Bay</strong> that we bring you our<br />
annual Westpac <strong>Business</strong> Awards coverage for both Tauranga and<br />
Rotorua. We truly occupy an enviable position in New Zealand.<br />
We have mostly decent<br />
weather, the best port<br />
in New Zealand and<br />
a supportive and collaborative<br />
business community that produces<br />
a wide range <strong>of</strong> products<br />
and services, from smart tech<br />
entrepreneurs to some <strong>of</strong> the<br />
country’s most accomplished<br />
manufacturers and exporters.<br />
As I write this, the US is<br />
preparing for a presidential<br />
transition from Donald Trump<br />
– surely the least competent<br />
leader the country has ever<br />
endured – to Joe Biden, whose<br />
most redeeming characteristics<br />
at this point appear to be the<br />
old-fashioned virtues <strong>of</strong> practical<br />
experience and sanity.<br />
Watching the outgoing<br />
president’s “strike force” <strong>of</strong><br />
low-quality legal buffoons<br />
stumbling their way through a<br />
succession <strong>of</strong> failed challenges<br />
in their attempts to overturn<br />
the vote has been both fascinating<br />
and appalling. Nothing<br />
so much summed up the past<br />
four years as Trump’s refusal<br />
for weeks to accord the incoming<br />
president the same courteous<br />
handover <strong>of</strong> power that he<br />
experienced himself at the end<br />
<strong>of</strong> the Obama presidency.<br />
His decision to throw<br />
“strike force” member Sidney<br />
Powell under the bus<br />
was much in keeping with his<br />
behaviour throughout his presidency.<br />
Staff members could<br />
typically be lauded one week,<br />
fired the next. Even although<br />
admittedly Powell managed<br />
to, in one observer’s words,<br />
“separate herself from the<br />
pack with conspiracy theories<br />
that reached nonsensical new<br />
heights”, her real contribution<br />
to the transition debacle was<br />
as an example <strong>of</strong> why working<br />
for Trump was seldom a great<br />
career move.<br />
It has been a very perplexing<br />
four years for all observers<br />
who welcome America’s<br />
return as a functioning western<br />
democracy, now better-equipped<br />
to help deal with<br />
the pandemic that is infecting<br />
the world.<br />
While Tauranga politics<br />
hasn’t descended to quite such<br />
bizarre and vitriolic depths,<br />
Tenby Powell’s recent resignation<br />
and its repercussions, have<br />
not done the city any favours.<br />
Many in the business community<br />
supported Powell,<br />
and had hopes that he would<br />
unplug what some see as a<br />
log jam in decision-making<br />
that has held up infrastructure<br />
development. It now seems<br />
clear that Powell’s approach<br />
has not been workable.<br />
His supporters argue that,<br />
from the beginning, Powell<br />
was opposed by several other<br />
councillors – several <strong>of</strong> whom<br />
were failed mayoral candidates.<br />
There was also some<br />
residual resentment that Powell<br />
had been able to return to<br />
Tauranga after a long period<br />
<strong>of</strong> absence, and had received<br />
a clear local mandate for the<br />
mayoralty. That, suggest his<br />
backers, essentially doomed<br />
him because a majority <strong>of</strong><br />
councillors worked to frustrate<br />
his plans from the outset.<br />
Opponents, on the other<br />
hand, decried Powell as being<br />
high-handed and being naive<br />
in coming into the city and<br />
expecting a military style <strong>of</strong><br />
leadership to work in a council<br />
in which he has only one vote<br />
and must at times encourage<br />
and conciliate.<br />
We do not at the time <strong>of</strong><br />
writing know which <strong>of</strong> several<br />
options the government will<br />
take with regard to the Tauranga<br />
City Council.<br />
Council voted – with Powell’s<br />
casting vote – to request<br />
that the Minister <strong>of</strong> Local<br />
Government, Nanaia Mahuta,<br />
appoint a Crown Manager and<br />
Observer to assist the council<br />
to address the behavioural<br />
issues and underlying growth<br />
management problems.<br />
The Council has adopted<br />
a range <strong>of</strong> recommendations<br />
proposed by the Review and<br />
Observer Team – which was<br />
scathing about the Mayor and<br />
council’s inability to work<br />
together. The aim is to address<br />
elected member behaviour<br />
and performance and assist in<br />
addressing the city’s underlying<br />
growth and development<br />
issues.<br />
Powell said on resigning<br />
that Tauranga’s future as a city<br />
<strong>of</strong> strategic importance to New<br />
Zealand cannot be left to a<br />
small group <strong>of</strong> petty politicians<br />
who have a long track record<br />
<strong>of</strong> hindering, or even worse,<br />
stopping progress.<br />
David Porter<br />
As it stands, a by-election<br />
will be held for both the<br />
mayoralty and the vacancy<br />
created by resignation in Pyes<br />
Pa/Otumoetai. However, that<br />
will depend upon the extent to<br />
which the Labour government<br />
wishes to become involved in<br />
the issue. Potential contenders<br />
such as Greg Brownless,<br />
who told me he plans to contest<br />
both elections, said it was<br />
impossible to make any decisions<br />
on the issue until the<br />
government reached a decision<br />
on whether or not it planned to<br />
appoint a manager.<br />
It seems unlikely that the<br />
Single Transferable Vote structure<br />
adopted by council for the<br />
last election was a success,<br />
since by definition, the most<br />
popular candidates did not<br />
always win, but in some cases<br />
simply the least unpopular. As<br />
in most local body elections,<br />
electoral turnout is low.<br />
It is unlikely to improve<br />
unless a new council emerges<br />
that shows itself as being more<br />
inclined to collaborate and<br />
maintain a more civil approach<br />
to establishing a workable plan<br />
for the city’s long term future<br />
prosperity.<br />
From ballet lessons<br />
to university funds,<br />
everyone’s investment story is<br />
different. We can help you with yours.<br />
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<strong>Dec</strong>ember <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 5<br />
New kiwifruit<br />
investment fund kicks <strong>of</strong>f<br />
A new investment fund targeting SunGold kiwifruit orchards is rapidly approaching its initial subscription<br />
target as assorted investors, growers and institutions are drawn to the fruit’s promising rate <strong>of</strong> return.<br />
By RICHARD RENNIE<br />
Origin Capital Partners<br />
aims to raise $50<br />
million in its first<br />
fund-raising round before<br />
Christmas and has an initial<br />
three orchards signed up to<br />
purchase. The investment<br />
company is fronted by some<br />
high-pr<strong>of</strong>ile <strong>Bay</strong> kiwifruit<br />
identities, including ex-Zespri<br />
chief executive Lain Jager<br />
and ex-Zespri chairman Craig<br />
Greenlees.<br />
Other principals include<br />
current Zespri chairman Paul<br />
Jones and ex-banker Dominic<br />
Jones, who has recently<br />
returned from the UK to head<br />
up the group’s funding process.<br />
Jones said in contrast to<br />
some syndication schemes, the<br />
Origin Capital model involves<br />
first raising the capital, then<br />
going into the property market<br />
to source suitable orchard<br />
investments, rather than raising<br />
funds on a deal-by-deal<br />
basis.<br />
Known as a “committed<br />
fund” model, this <strong>of</strong>fered better<br />
access to debt, which could<br />
be secured over the property<br />
purchased. It also meant the<br />
fund could move more quickly<br />
on properties as they became<br />
available, rather than identifying<br />
a property, then having<br />
to go to market to source the<br />
funds on a deal-by-deal basis.<br />
Jones said the group was<br />
already well on its way to raising<br />
the $50 million targeted<br />
in its first funding tranche,<br />
and had unconditional <strong>of</strong>fers<br />
in play on two orchards and a<br />
third orchard site in play.<br />
Low interest rates<br />
fuelling demand<br />
He said the low deposit rate<br />
environment most investors<br />
faced right now was spurring<br />
increased interest, given Sun-<br />
Gold orchards can return from<br />
10-13 percent in cash returns<br />
per annum.<br />
“And gold kiwifruit are<br />
hard to replicate elsewhere,”<br />
he said.<br />
“You have a fruit that has a<br />
high market value, supported<br />
by an industry structure with<br />
a single marketer, and a co-operative<br />
structure for growers.<br />
New Zealand is proving the<br />
best place to grow this fruit in<br />
the world.”<br />
Jones said the principals<br />
had been concerned when the<br />
fund was first mooted in March<br />
that the global pandemic might<br />
affect the fund, but investors’<br />
appetite for sector investment<br />
had not been dampened.<br />
Zespri has enjoyed surging<br />
on-line sales <strong>of</strong> the SunGold<br />
fruit in China particularly, as<br />
consumers seek out health-giving,<br />
easily consumed fruit<br />
products in response to the<br />
threat <strong>of</strong> Covid-19.<br />
The ability <strong>of</strong> SunGold to<br />
grow over a relatively wider<br />
climatic zone than Green kiwifruit<br />
has added to the fruit’s<br />
flexibility, and Jones said he<br />
anticipated the group would<br />
have about 65 percent <strong>of</strong> its<br />
orchard portfolio based in the<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>, with the rest<br />
spread between Northland and<br />
Gisborne.<br />
About 85 percent <strong>of</strong> the<br />
industry’s fruit is sourced from<br />
the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>.<br />
Plans to expand the fund<br />
Longer term, the fund group<br />
has a wider portfolio in mind,<br />
with its second <strong>of</strong>fering targeting<br />
a $100 million fund raise,<br />
and a third targeting $250<br />
million.<br />
Jones said investor interest<br />
has ranged from smaller retirees<br />
seeking to put in $100,000,<br />
to larger investment groups<br />
with several million, and<br />
included growers wanting to<br />
expand their investment in the<br />
sector.<br />
Each tranche <strong>of</strong> fundraising<br />
could be matched dollar for<br />
dollar with a debt provision,<br />
and 50 percent debt was not<br />
unusual in the sector, Jones<br />
said.<br />
By 2030, the group is aiming<br />
to be New Zealand’s leading<br />
provider <strong>of</strong> premium primary<br />
sector investments.<br />
The group is confident the<br />
Dominic Jones<br />
You have a fruit that has a high market value,<br />
supported by an industry structure with a<br />
single marketer, and a co-operative structure<br />
for growers. New Zealand is proving the best<br />
place to grow this fruit in the world.”<br />
<br />
– Dominic Jones<br />
growth in licensed area for<br />
growing SunGold will continue<br />
after the remaining two<br />
years’ worth <strong>of</strong> licences have<br />
been tendered.<br />
“[Zespri] have not put a<br />
position in the ground beyond<br />
that, other than that they<br />
expect a further 2000 ha over<br />
the following four years,” he<br />
said. “We have three years to<br />
spend what we raise.”<br />
The Zespri licences for<br />
SunGold reached record<br />
heights in this year’s tender<br />
round, selling for $400,000 per<br />
ha, well up on the $290,000 a<br />
year before.<br />
Jones said the main constraint<br />
for green fields kiwifruit<br />
conversions was water<br />
access, and issues around<br />
labour tended to be very seasonal<br />
in nature.<br />
Typically, the group was<br />
seeking orchards with scale<br />
to them and that were either<br />
already in SunGold production,<br />
about to be grafted to<br />
SunGold, or <strong>of</strong>fering a site for<br />
establishment.<br />
Operations could be run<br />
by a third-party management<br />
group, or if running successfully,<br />
they would be left as they<br />
were.<br />
“The sector continues to<br />
perform outstandingly really<br />
and if the world continues to<br />
look like it does now, Zespri is<br />
likely to continue to roll out its<br />
licences.”
6 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong><br />
Defensive options<br />
in New Zealand<br />
Investment market update (for the quarter ended 31 Oct, <strong>2020</strong>)<br />
WHAT TO DO WITH YOUR MONEY<br />
> BY BRETT BELL-BOOTH<br />
Investment Adviser with Forsyth Barr Limited in Tauranga, and<br />
an Authorised Financial Adviser. Phone (07) 577 5725 or<br />
email brett.bell-booth@forsythbarr.co.nz.<br />
October capped <strong>of</strong>f a<br />
good quarter for the<br />
New Zealand equity<br />
market, with the earnings<br />
reporting season signalling<br />
better than expected results for<br />
many companies.<br />
The government’s relative<br />
success in navigating<br />
the Covid-19 pandemic was<br />
rewarded in October’s election.<br />
The shift by centre-right<br />
voters towards Jacinda Ardern’s<br />
Labour Party resulted<br />
in the first one-party majority<br />
government in New Zealand<br />
since the first MMP election<br />
in 1996. This clear-cut win and<br />
its political ratification <strong>of</strong> a<br />
more centralist policy platform<br />
would likely have comforted<br />
most investors.<br />
Inflation data for September<br />
quarter was lower than<br />
expected at +1.4 percent, boosting<br />
expectations the RBNZ<br />
will likely ease financial conditions<br />
even further. Investors’<br />
search for income provided<br />
further support for defensive<br />
dividend yield stocks including<br />
listed property, which had a<br />
very strong quarter.<br />
A strong housing<br />
market flow benefits the<br />
economy<br />
In addition to stock markets,<br />
another beneficiary <strong>of</strong><br />
ultra-low interest rates is the<br />
housing sector. Around the<br />
world, house sales, prices,<br />
and construction demand have<br />
all recovered strongly. The<br />
importance <strong>of</strong> housing to the<br />
broader economy should not be<br />
underestimated.<br />
Increased housing activity is<br />
reflected in areas such as retail,<br />
manufacturing, and transport.<br />
Stronger house prices and<br />
the positive wealth effect for<br />
homeowners boosts consumer<br />
sentiment and retail sales. It<br />
supports stronger construction<br />
activity, and demand for<br />
durable goods such as house<br />
furnishings. This has all contributed<br />
to the better-than-expected<br />
resilience <strong>of</strong> economies<br />
this year.<br />
Learning to live with<br />
Covid-19<br />
To date, activity in the global<br />
economy has exhibited a<br />
V-shaped recovery in areas<br />
such as housing sales, construction,<br />
retail sales, and manufacturing.<br />
Many companies in<br />
New Zealand and <strong>of</strong>fshore are<br />
experiencing better-than-expected<br />
outcomes, which is<br />
translating through to better<br />
employment demand.<br />
The recovery may face<br />
a setback over the next few<br />
months as the latest wave <strong>of</strong> the<br />
pandemic sweeps back through<br />
the Northern Hemisphere.<br />
However many businesses and<br />
economies have adapted to live<br />
with the virus.<br />
The “working from home”<br />
theme is becoming an, at least<br />
semi permanent, theme in<br />
many economies, with numbers<br />
<strong>of</strong> people moving out <strong>of</strong><br />
the cities and into the suburbs.<br />
While many countries are<br />
seeing new virus cases hitting<br />
new highs, hospitalisations and<br />
deaths are at a fraction <strong>of</strong> levels<br />
seen earlier in the year.<br />
The risk <strong>of</strong> most economies<br />
being completely shut down<br />
again is low. There also continues<br />
to be a number <strong>of</strong> vaccine<br />
prospects in late-stage human<br />
trials – the potential for a treatment<br />
being available at some<br />
stage in 2021 remains reasonable.<br />
Investors should be confident<br />
that, in general, the trough<br />
in earnings is behind us, and a<br />
recovery is underway.<br />
Uncertainty still ahead,<br />
but stick to the plan<br />
The commentary above all<br />
sounds pretty positive. And<br />
clearly equity markets have<br />
responded favourably. But<br />
these remain unprecedented<br />
times.<br />
We’re still navigating the<br />
first global pandemic in over<br />
a century. Interest rates are the<br />
lowest in history, which may<br />
lead to economic imbalances<br />
longer-term.<br />
Governments are spending<br />
money with abandon, funded<br />
largely by central banks printing<br />
money, but this can’t last<br />
forever.<br />
Given the recovery in<br />
equity market values since<br />
March, we note that:<br />
1. Markets are able to remain<br />
resilient in the face <strong>of</strong> bad<br />
news.<br />
2. Share prices reflect the<br />
long-term earnings companies<br />
will generate over the<br />
years and decades ahead,<br />
not just the next six to 12<br />
months.<br />
3. It’s not possible to consistently<br />
time or predict<br />
short-term movements in<br />
markets.<br />
Overall, it’s important to<br />
establish and remain committed<br />
to an investment plan that<br />
meets your longterm goals.<br />
This column is general in<br />
nature and is not personalised<br />
investment advice.<br />
This column has been prepared<br />
in good faith based on<br />
information obtained from<br />
sources believed to be reliable<br />
and accurate. Disclosure<br />
Statements for Forsyth Barr<br />
Authorised Financial Advisers<br />
are available on request<br />
and free <strong>of</strong> charge.<br />
Clean Sweep for LINK at<br />
Annual REINZ Awards<br />
ADVERTORIAL<br />
LINK celebrated another incredible evening with six wins at the <strong>2020</strong> REINZ Awards.<br />
For the fifth year in a row LINK were awarded Large <strong>Business</strong> Broking Office <strong>of</strong> the<br />
Year! On top <strong>of</strong> this, LINK won all available awards for the business brokerage industry.<br />
With the year it’s been,<br />
LINK truly appreciates<br />
these successes and the<br />
people behind it all – an exceptional<br />
way to the end the year.<br />
Aaron Toresen, LINK’s chief<br />
executive <strong>of</strong>ficer, was excited to<br />
share the evening with the team.<br />
“While <strong>2020</strong> has been extraordinary<br />
for lots <strong>of</strong> reasons, our performance<br />
at this year’s REINZ awards<br />
was nothing short <strong>of</strong> sensational.<br />
“Winning every category against<br />
our competitors in this marketplace<br />
was a very welcome reminder <strong>of</strong><br />
the great company we are all part<br />
<strong>of</strong>. ”<br />
Among the 41 awards that<br />
were presented, LINK won:<br />
• Large <strong>Business</strong> Brokerage <strong>of</strong> the<br />
Year – LINK Ellerslie<br />
• Medium <strong>Business</strong> Brokerage <strong>of</strong><br />
the Year – LINK <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
• Small <strong>Business</strong> Broker <strong>of</strong> the<br />
Year – LINK Christchurch<br />
• Small Agency <strong>of</strong> the Year (All<br />
Disciplines) – LINK <strong>Business</strong><br />
Brokers<br />
• <strong>Business</strong> Broker Salesperson <strong>of</strong><br />
the Year – Bruce Cattell, LINK<br />
Ellerslie<br />
• <strong>Business</strong> Broker Rising Star<br />
<strong>of</strong> the Year – Jeff Wiley, LINK<br />
Ellerslie<br />
LINK Directors and team representatives at REINZ Awards. Photo/REINZ<br />
• Finalists also included:<br />
• Medium <strong>Business</strong> Brokerage <strong>of</strong><br />
the Year – LINK North Shore<br />
• <strong>Business</strong> Broker Salesperson<br />
<strong>of</strong> the Year – Lindsay Sandes,<br />
LINK Ellerslie<br />
• <strong>Business</strong> Broker Salesperson <strong>of</strong><br />
the Year – Martin Plom, LINK<br />
Ellerslie<br />
• <strong>Business</strong> Broker Rising Star <strong>of</strong><br />
the Year – Steve Catley, LINK<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
Bindi Norwell, chief executive<br />
at REINZ says: “Every year<br />
we have a significant number <strong>of</strong><br />
high-calibre entries, many <strong>of</strong> whom<br />
have won their own local or agency<br />
awards making for some extremely<br />
tough competition.<br />
“It has been great to be able to<br />
come together and celebrate success<br />
from across the country. To<br />
win one <strong>of</strong> these awards is to be the<br />
best <strong>of</strong> the best, and that is a noteworthy<br />
achievement.<br />
With a growing reputation for<br />
the highest level <strong>of</strong> customer service,<br />
LINK has become the most<br />
trusted brokerage focusing on service,<br />
value and integrity. The team<br />
at LINK is proud <strong>of</strong> the company’s<br />
history and is committed to continuing<br />
the tradition <strong>of</strong> selling businesses,<br />
as only LINK can.<br />
Aaron Toresen said “Whether<br />
a member <strong>of</strong> our administration<br />
team, marketing, finance, management<br />
or <strong>of</strong> course the brokers – who<br />
make it all happen – every member<br />
<strong>of</strong> LINK can be enormously proud<br />
<strong>of</strong> this achievement.<br />
“Winning any award when<br />
pitched against your competitors<br />
is a great moment, but to have<br />
a clean sweep <strong>of</strong> every business<br />
broking category was the ultimate<br />
validation. It takes real teamwork<br />
to achieve results like this and my<br />
deepest thanks go to every person<br />
who makes up part <strong>of</strong> this special<br />
group.”<br />
LINK’s size and reach mean that<br />
its brokers have the opportunity to<br />
utilise their knowledge, experience<br />
and connections to successfully<br />
sell any business. “We have the<br />
best brokers in the business; from<br />
the rising star (and the runner up!)<br />
to the broker earning the most in<br />
New Zealand (and the runners up!)<br />
to each category size <strong>of</strong> <strong>of</strong>fice and<br />
even an all disciplines award…this<br />
was a defining moment for LINK.<br />
“With the world changing,<br />
LINK’s business model has<br />
returned to a focus on NZ, so rest<br />
assured the best is yet to come”<br />
says Toresen.
<strong>Dec</strong>ember <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 7<br />
To consumer or<br />
not to consumer<br />
You don’t need me to tell you that it’s been an extraordinary year…<br />
Covid-19, the whole country working from home, several high-pr<strong>of</strong>ile<br />
data security breaches, Privacy Law changes, general elections, and<br />
Australia and Argentina beating the All Blacks. This year has certainly<br />
had its trials.<br />
But, as businesses, we<br />
have learned a lot as<br />
well. Probably the main<br />
shift that we have all seen has<br />
been the move to a more flexible<br />
workforce.<br />
Whether we like it or not,<br />
widespread remote working is<br />
here to stay. For a number <strong>of</strong><br />
years there has been a massive<br />
focus on mobile working.<br />
Ironically, thanks to the<br />
pandemic, we may now actually<br />
be “on the move” less.<br />
For many, our homes have<br />
now become our workplaces<br />
and <strong>of</strong>fices are emptier than<br />
they were before, or are being<br />
shared.<br />
As we move away from<br />
constant mobility, and with<br />
more businesses embracing<br />
video conferencing, and measuring<br />
productivity through<br />
outcomes rather than time<br />
spent in the <strong>of</strong>fice, personal<br />
computer (PCs) sales have<br />
increased, whereas mobile<br />
device sales have slumped.<br />
A Recent IDC New Zealand<br />
report shows commercial<br />
PC sales jumped up a massive<br />
61.5 percent from last year and<br />
worldwide mobile phone sales<br />
dropped 12 percent in the first<br />
quarter this year. <strong>Business</strong>es<br />
and schools sent people home<br />
to study and work. The Ministry<br />
<strong>of</strong> Education handed out<br />
17,000 notebooks to students<br />
studying online, and product<br />
lines ran out.<br />
Computer makers used up<br />
stock in weeks that would normally<br />
take months.<br />
The requirement to technically<br />
tool up our workforce<br />
to enable them to work from<br />
home has brought with it a new<br />
set <strong>of</strong> challenges and options<br />
for businesses and organisations<br />
to consider.<br />
To ensure you support your<br />
workforce and protect your<br />
business, it’s important that<br />
your choice <strong>of</strong> IT equipment<br />
and technical set up, firstly,<br />
works for you, and, secondly,<br />
does not compromise you from<br />
a security perspective. Far too<br />
<strong>of</strong>ten we have conversations<br />
with businesses having issues<br />
with IT set ups and security<br />
inconsistencies purely based<br />
on the hardware and licensing<br />
decisions being made.<br />
One <strong>of</strong> the main issues<br />
is the purchase <strong>of</strong> consumer<br />
grade products for commercial<br />
use. Consumer-based products<br />
can look great, but the clue is<br />
in the name – they are made<br />
for consumer/domestic use –<br />
not business.<br />
So what are the fundamental<br />
differences and why should<br />
you buy business-grade technology<br />
for businesses?<br />
Home v pro, business<br />
and personal<br />
Licensing for operating system<br />
(e.g. Windows) and <strong>of</strong>fice<br />
products are different for<br />
home use. There are different<br />
end user licence agreements<br />
(EULAs) for these and one<br />
key element is that you should<br />
not be using personal or home<br />
licenses for generating an<br />
income.<br />
But even more important<br />
is the security, integration and<br />
business functionality you<br />
get with the correct licensing,<br />
especially if needing to<br />
connect to a remote <strong>of</strong>fice or<br />
headquarters.<br />
What’s in a laptop?<br />
<strong>Business</strong> laptops typically<br />
cost 10 to 20 percent more<br />
than consumer laptops with<br />
similar hardware features,<br />
but the premium is a smart<br />
investment.<br />
<strong>Business</strong> laptops have key<br />
advantages and are made with<br />
commercial use in mind.<br />
• They are more robust and<br />
made to go in and out <strong>of</strong><br />
bags everyday and to work<br />
eight hours-plus per day.<br />
• They have options to connect<br />
to multiple screens,<br />
docking stations and wireless<br />
connectivity are easier.<br />
• Their business grade s<strong>of</strong>tware<br />
has features that<br />
make it easier to manage,<br />
TECH TALK<br />
> BY TONY SNOW<br />
Tony Snow is chief executive and co-founder <strong>of</strong> Stratus Blue. He<br />
can be contacted at Tony@stratusblue.co.nz.<br />
connect to the network,<br />
and has enhanced security<br />
options.<br />
• They have a longer lifespan<br />
due to swappable components<br />
and configuration<br />
options – unlike consumer<br />
models.<br />
• Due to the longer expected<br />
lifespan they also come<br />
with longer warranties and<br />
preferential treatment from<br />
suppliers – like getting a<br />
replacement machine while<br />
yours is getting fixed.<br />
Desktop PCs in the<br />
future?<br />
As we are moving less, desktop<br />
PCs are coming back into<br />
fashion, not just because the<br />
gamers are taking this option,<br />
but also because they have<br />
real advantages.<br />
• PCs last much longer than<br />
consumer laptops.<br />
• They are easier to upgrade<br />
or to replace components.<br />
• It’s harder to break or drop<br />
a desktop – even the micro<br />
or mini versions.<br />
• You tend to get a lot more<br />
for the same money as a<br />
laptop. As a rule <strong>of</strong> thumb,<br />
a $2000 desktop will have<br />
better features than a<br />
$3000 laptop.<br />
If your staff are moving<br />
less and most <strong>of</strong> the computing<br />
may be done in one location,<br />
it is worth discussing<br />
all hardware and licensing<br />
options with your IT provider.<br />
Emotions do not improve business<br />
communication<br />
In my time in the debt collection and dispute mediation industry I<br />
have had many instances where we step into a dispute that has<br />
been literally raging for 12 months with personal insults and at times<br />
threats or even instances <strong>of</strong> violence only for us to step into the fray<br />
and have the whole dispute resolved and paid within hours. The<br />
client asks us in amazement: “ How the heck did you get that so and<br />
so to back down and pay?”<br />
We <strong>of</strong>ten find the source <strong>of</strong> the aggression and anger<br />
comes from both parties’ inability to see past what<br />
they believe is happening and discuss what has<br />
actually gone on that led to the disputes.<br />
CREDIT CONTROL<br />
> BY NICK KERR<br />
Nick Kerr is Area Manager BOP for EC Credit Control NZ Ltd.<br />
He is also a director <strong>of</strong> International Private Investigations Ltd.<br />
Nick can be reached at nick.kerr@eccreditcontrol.co.nz<br />
There is no magic trick or<br />
special talent, it is simply<br />
that we are trained<br />
to de-escalate the situation<br />
by removing the emotion –<br />
and therefore the emotional<br />
response.<br />
Once the emotion is<br />
removed you are left with facts.<br />
And as well-known American<br />
political commentator Ben<br />
Shapiro says: “Facts don’t care<br />
about your feelings.”<br />
An analogy <strong>of</strong> this, is water<br />
spilling on someone. If Mr X is<br />
walking down the street after<br />
having a few <strong>of</strong> his favourite<br />
beverages at the local tavern<br />
and a big fat raindrop falls<br />
on his shoulder he will most<br />
likely brush <strong>of</strong>f the water and<br />
get on with his travels.<br />
Let’s now put Mr X back<br />
in the tavern putting his best<br />
efforts into impressing Miss R<br />
with witty repartee and smooth<br />
dance moves.<br />
During a particularly<br />
impressive move, Mr G bumps<br />
into Mr X and spills a small<br />
amount <strong>of</strong> water on him. This<br />
time Mr X reacts with anger<br />
and pushes Mr G, starting a bar<br />
brawl resulting in injuries and<br />
a few arrests.<br />
You see the problem in the<br />
outlandish scenario above is<br />
not the water spilling – it is the<br />
perceived disrespect bestowed<br />
and the perceived embarrassment<br />
suffered. The same factors<br />
apply to many other personal<br />
and business disputes.<br />
Once we get a chance to<br />
sit down with both parties in a<br />
dispute, we <strong>of</strong>ten find that the<br />
source <strong>of</strong> the aggression and<br />
anger comes from both parties’<br />
inability to see past what they<br />
believe is happening and discuss<br />
what has actually gone on<br />
that led to the disputes.<br />
“I didn’t understand that the<br />
extra work I asked for would<br />
cost that much” – turns into<br />
“you are a rip<strong>of</strong>f artist that<br />
tried to con me.”<br />
And “I really didn’t budget<br />
for the extras that I needed as I<br />
didn’t even think that I would<br />
need them” turns into “this bottom-feeding<br />
customer is trying<br />
to ruin my business that I have<br />
spent 20 years building.”<br />
If the conversation was<br />
begun calmly, with both sides<br />
acknowledging a mistake had<br />
been made, and a plan was<br />
made to rectify the problem as<br />
soon as it was noticed, then<br />
the emotions around the fear,<br />
embarrassment and frustration<br />
would not even occur. And<br />
before you knew it, the whole<br />
situation would be resolved.<br />
As humans, we can be a<br />
reactive and emotional bunch,<br />
but there are a few things that<br />
you can do to avoid the emotional<br />
escalation <strong>of</strong> disputes.<br />
1. Focus on the facts not on<br />
feelings or opinions in any<br />
communication.<br />
2. Use the three-draft method:<br />
in the first draft, write<br />
using the most extreme<br />
emotions, strong language,<br />
insults etc you can come<br />
up with. Download every<br />
raw emotion into words,<br />
then once you have finished,<br />
press DELETE. In<br />
your second draft, write a<br />
still emotional, but more<br />
fact-based and polite message<br />
and again, once finished<br />
push DELETE. In<br />
the third version, write only<br />
about facts and suggestions<br />
<strong>of</strong> what could be done to<br />
rectify the situation. Only<br />
then do you press SEND.<br />
Using this method you can<br />
get out all <strong>of</strong> the frustration<br />
<strong>of</strong>f your chest and still<br />
keep your composure and<br />
pr<strong>of</strong>essionalism.<br />
3. And if you feel that the positions<br />
held by both parties<br />
are too far away to come<br />
together or if de-escalation<br />
does not seem possible –<br />
especially if the dispute<br />
involves large amounts or<br />
key relationships – then use<br />
a third-party mediator.<br />
Just a thought.<br />
As always, this is not meant<br />
to be prescriptive or legal<br />
advice.
8 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong><br />
Embracing new ways to<br />
work – Suburban desk talk<br />
The way we access and use workplaces<br />
was already undergoing change prior to<br />
the pandemic outbreak, but the global<br />
health crisis has accelerated some <strong>of</strong><br />
those trends in the <strong>of</strong>fice sector.<br />
Advances in technology,<br />
a more diverse workforce,<br />
a flight to quality,<br />
the importance <strong>of</strong> global<br />
marketplaces and changing<br />
expectations around property<br />
requirements, were all having<br />
an impact on the space that<br />
companies and <strong>of</strong>fice-based<br />
operators were committing to.<br />
There was never a “one<br />
size fits all” template in the<br />
<strong>of</strong>fice market. However, what<br />
is becoming clear is that businesses<br />
that embrace new ways<br />
<strong>of</strong> working, are flexible, and<br />
leverage technology, will<br />
thrive in the post-Covid-19<br />
economy.<br />
Those businesses with a core + flex<br />
model in place, will be able to have<br />
different teams working safely from<br />
different premises for a far more efficient<br />
use <strong>of</strong> time and resources should other<br />
disrupting events occur in the future.”<br />
– Lloyd Budd<br />
The work-from-home mandate<br />
saw <strong>of</strong>fice workers plugging<br />
in from widespread locations,<br />
and since then, there has<br />
been serious reconsideration<br />
about where employees could<br />
be based going forward, with<br />
CBD premises not necessarily<br />
being the sole answer.<br />
Opting to positively<br />
fragment footprint<br />
This emphasis on having a<br />
more distributed workforce is<br />
a trend being seen globally and<br />
in New Zealand, as corporates<br />
and larger businesses opt to<br />
positively fragment their physical<br />
space footprint beyond the<br />
usual centralised head <strong>of</strong>fice<br />
model.<br />
Lloyd Budd, <strong>Bay</strong>leys’<br />
director Auckland Commercial<br />
& Industrial, believes that<br />
the way <strong>of</strong>fices are designed,<br />
how occupancy costs are<br />
approached, and this evolving<br />
distributed workforce model<br />
will structurally change <strong>of</strong>fice<br />
space dynamics and the suburbs<br />
will take on new meaning.<br />
“Larger companies and<br />
businesses with scale are proactively<br />
looking to the core +<br />
flex model <strong>of</strong> <strong>of</strong>fice space with<br />
a consolidated central location<br />
supported by smaller satellite<br />
flexible spaces in the suburbs<br />
that can expand and contract to<br />
cater for varying staffing and<br />
work flows,” he said.<br />
“Those businesses with a<br />
core + flex model in place, will<br />
be able to have different teams<br />
working safely from different<br />
premises for a far more efficient<br />
use <strong>of</strong> time and resources<br />
should other disrupting events<br />
occur in the future.<br />
“Many <strong>of</strong>fice-based businesses<br />
operate on a project<br />
basis rather than an <strong>of</strong>fice<br />
hours basis, and so can accommodate<br />
flexible ways <strong>of</strong> working<br />
in the suburbs – with one<br />
upside being fewer cars making<br />
the commute in and out <strong>of</strong><br />
CBDs.”<br />
n Courtesy <strong>of</strong> <strong>Bay</strong>leys Workplace<br />
Insights https://www.<br />
bayleys.co.nz<br />
ALTOGETHER<br />
At <strong>Bay</strong>leys, we believe relationships are what businesses are built on and how they<br />
succeed. We understand that to maximise the return on your property you need:<br />
Pr<strong>of</strong>essional property management<br />
A business partner that understands your views and goals<br />
Contact the <strong>Bay</strong>leys Tauranga Commercial Property Management team today.<br />
<strong>Bay</strong>leys Tauranga<br />
Commercial Property Management<br />
07 579 0609<br />
jan.cooney@bayleystauranga.co.nz<br />
SUCCESS REALTY LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008<br />
ALTOGETHER BETTER<br />
Residential / Commercial / Rural / Property Services
<strong>Dec</strong>ember <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 9<br />
Welcome to summer!<br />
Summer is just around the corner and so<br />
is the sizzling line-up <strong>of</strong> Summer events at<br />
Trustpower <strong>Bay</strong>park.<br />
Bring People Dancing is<br />
about connecting people<br />
through positive experiences<br />
and setting future goals<br />
that let those with mental illness<br />
know they are not alone.<br />
New Zealand – its time to<br />
chat, it’s time to korero. No<br />
more sweeping under the carpet,<br />
no more stigma. Tauranga<br />
will open the conversation…<br />
and right now, in this country,<br />
we need to talk more than ever.<br />
Join mental health advocates<br />
Sir John Kirwan and<br />
Mike King on <strong>Dec</strong>ember 12.<br />
Take in the superb sounds <strong>of</strong><br />
kiwi sensations: Mitch James,<br />
Alayna, Thomas Oliver, Dan<br />
Sharp and more, with amazing<br />
production to match. Let’s<br />
chat, let’s bring people dancing<br />
and let’s make a difference.<br />
Speedway<br />
Speedway Season is now in<br />
full swing. Upcoming summer<br />
dates for all adrenaline junkies<br />
are <strong>Dec</strong>ember 5, 26, 29, January<br />
5, 8, 9, 16, 29 and 30.<br />
To enjoy watching the races<br />
in style, we have a number <strong>of</strong><br />
Corporate Boxes available to<br />
comfortably entertain your<br />
guests.<br />
With the box you get an<br />
exclusive, spacious and comfortable<br />
box with an outdoor<br />
balcony for up to 20 guests,<br />
full kitchen facilities and<br />
fridge.<br />
A corporate box also <strong>of</strong>fers<br />
ongoing inbox bar service<br />
with dedicated catering stewards,<br />
along with a high quality<br />
catering service delivered<br />
to your box. Please contact<br />
us on events@bayvenues.<br />
co.nz or 07 577 8560 for more<br />
information.<br />
<strong>Bay</strong> Dreams<br />
As we look forward to <strong>Bay</strong><br />
Dreams on January 3, 2021,<br />
we reflect on the most unpredictable<br />
year <strong>of</strong> our lives –<br />
<strong>2020</strong> has truly brought it all.<br />
Due to the changing international<br />
travel restrictions<br />
around Covid-19, we have<br />
called in 30 more acts to give<br />
you the summer you deserve,<br />
including a few <strong>of</strong> the biggest<br />
international DNB (Drum ‘N<br />
Bass) and hip hop artists we<br />
could convince to quarantine,<br />
plus many kiwi legends.<br />
Exemptions for these artists<br />
have been approved by the<br />
government.<br />
In true <strong>Bay</strong> Dreams fashion,<br />
we are proud to present<br />
you with the biggest international<br />
line-up in the country<br />
again this summer.<br />
Colour Dash<br />
Bring some colour to your<br />
summer and register for the<br />
Colour Dash on January 24.<br />
This is a 5km non-competitive<br />
fun run – or walk – for people<br />
<strong>of</strong> all ages where participants<br />
are splashed with a hurricane<br />
<strong>of</strong> special colourful dust at<br />
each kilometre. Every registrant<br />
gets: a free t-shirt, a bag<br />
<strong>of</strong> colour and an explosion <strong>of</strong><br />
fun.<br />
<strong>Bay</strong> Dreams<br />
Macky Gee<br />
Smashing through the barriers<br />
<strong>of</strong> the conventional and carving<br />
a path for himself, Macky<br />
Gee has turned the heads <strong>of</strong><br />
some <strong>of</strong> the industries biggest<br />
players; to become one <strong>of</strong> the<br />
most promising and spectacular<br />
artists in DNB music today.<br />
From weekly radio shows<br />
to playing gigs around the UK<br />
and Europe, Macky wanted to<br />
carry on building on this creative<br />
vibe and soon found himself<br />
going to college to study<br />
Music Production learning<br />
his craft and honing his studio<br />
skills to give him both the<br />
desired confidence and knowledge<br />
to push forward making<br />
his own original tracks which<br />
would eventually change the<br />
sound <strong>of</strong> DNB. Macky will be<br />
performing on January 31.<br />
Premier conference<br />
venue<br />
Trustpower <strong>Bay</strong>park is Tauranga’s<br />
Premier Venue for conferences,<br />
meetings, entertainment<br />
and exhibitions. Offering a<br />
complete package in one convenient<br />
location that features<br />
state <strong>of</strong> the art meeting rooms,<br />
in-house catering, audio visual<br />
services, pr<strong>of</strong>essional conference<br />
organiser (PCO) and marketing/promotional<br />
services.<br />
New Year – New Meetings<br />
Trustpower <strong>Bay</strong>park are<br />
pleased to <strong>of</strong>fer a “New Year –<br />
New Meetings” promotion as<br />
a fresh start to 2021 for all <strong>of</strong><br />
your strategic planning, training<br />
and team building needs.<br />
On <strong>of</strong>fer is a 25 percent<br />
discount for small meetings<br />
confirmed before 23 <strong>Dec</strong>ember<br />
<strong>2020</strong> and held between 5<br />
January – 31 March 2021.<br />
The discount applies to<br />
Venue Rental, Audio Visual,<br />
Catering and <strong>Bay</strong>station and is<br />
subject to availability.<br />
Virtual meetings<br />
“Bring your events online”<br />
with our Virtual Meetings.<br />
The range <strong>of</strong> onsite and <strong>of</strong>fsite<br />
services include: Remote Presentation,<br />
Video Conferencing,<br />
Web Streaming and Streamed<br />
Hybrid Conferences.<br />
The Virtual Meeting<br />
services also include purpose-built,<br />
broadcast standard<br />
studios and <strong>of</strong>fer competitive<br />
packages to enable you to continue<br />
to stay connected to your<br />
audience. Ask about our competitive<br />
packages today.<br />
For more information on any events, enquiries for Trustpower <strong>Bay</strong>park venues, <strong>Bay</strong>Station activities or service on/<strong>of</strong>f site from <strong>Bay</strong>Catering, <strong>Bay</strong>AudioVisual<br />
or to book our New Year – New Meetings promotion visit www.trustpowerbaypark.co.nz, email events@bayvenues.co.nz or call 07 577 8560.
10 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong><br />
westpac tauranga business awards<br />
Heilala Vanilla wins newlook<br />
Westpac <strong>Business</strong><br />
Awards<br />
Heilala Vanilla won the <strong>Business</strong> <strong>of</strong> the Year<br />
Award at the recent Westpac Tauranga<br />
<strong>Business</strong> Awards <strong>2020</strong>, which were<br />
reconfigured to take into account the impact<br />
<strong>of</strong> Covid-19 on the region.<br />
n-nz<br />
freight<br />
ny/mainfreight/<br />
nfreight/<br />
David Maris from Trustpower, award sponsor for the <strong>Business</strong>, Digital & Technology<br />
Innovation Award, with chief executive, Jennifer Boggiss and Ruby Grant from Heilala Vanilla.<br />
The manufacturer and<br />
exporter <strong>of</strong> high-end<br />
vanilla products also<br />
picked up two other notable<br />
awards – for <strong>Business</strong>, Digital<br />
& Technology Innovation,<br />
and for Manufacturing & / or<br />
Distribution.<br />
There were significant<br />
changes from the usual format<br />
this year by Westpac <strong>Business</strong><br />
Awards organisers the Tauranga<br />
Chamber <strong>of</strong> Commerce,<br />
to take into account possible<br />
Covid-19 disruptions and keep<br />
social contacts safe.<br />
Given that <strong>2020</strong> has been<br />
such an unusual and challenging<br />
year for business and the<br />
wider community, the Chamber<br />
saw this as an opportunity<br />
to reset a number <strong>of</strong> elements<br />
<strong>of</strong> the awards. Chief executive<br />
Matt Cowley said high on that<br />
list were changes to the judging<br />
process.<br />
This year the Chamber<br />
introduced a Head Facilitator,<br />
KPMG Wellington’s Sven<br />
Pannell, who spent a week visiting<br />
all the entrants and making<br />
an initial assessment. He<br />
then chaired a panel <strong>of</strong> judges<br />
made up <strong>of</strong> local business<br />
leaders in a “pitch weekend”.<br />
In an additional break with<br />
tradition, the award winners<br />
were announced at a Love<br />
Local cocktail event at Trinity<br />
Wharf, which showcased food<br />
and beverages from around<br />
New Zealand.<br />
Total attendance numbers<br />
were smaller than usual to<br />
take into account the need for<br />
crowd distancing measures.<br />
Cowley said he was<br />
delighted to see the business<br />
community come together and<br />
support local success in what<br />
had been a tough year.<br />
“This year was not necessarily<br />
about huge pr<strong>of</strong>its and<br />
major growth, but more about<br />
our people, the way everyone<br />
has worked to come through<br />
the challenges presented to us<br />
and how we supported each<br />
other to achieve this,” he said.<br />
Sven Pannell spent a full<br />
week visiting all the entrants<br />
and making an initial assessment,<br />
before chairing a judging<br />
panel <strong>of</strong> local business<br />
leaders in a ‘pitch weekend’.<br />
While the pitch process was<br />
daunting for some entrants, the<br />
judges said it was a valuable<br />
and insightful exercise for<br />
them. The judges then had a<br />
vigorous discussion to land<br />
on this year’s finalists, winners<br />
and the Westpac Tauranga<br />
<strong>Business</strong> <strong>of</strong> the Year.<br />
The judges said the section<br />
process was challenging, but<br />
despite the problems <strong>of</strong> <strong>2020</strong>,<br />
there was a very high standard<br />
<strong>of</strong> entrants.<br />
“It’s been an unprecedented<br />
year for businesses in the <strong>Bay</strong><br />
and across New Zealand,” said<br />
Pannell.<br />
“It has required business<br />
leaders to dig deep into their<br />
emotional and, <strong>of</strong>ten, financial<br />
reserves. It’s also provided<br />
a range <strong>of</strong> opportunities for<br />
those with the capability, resilience<br />
and preparedness to take<br />
THANK YOU WESTPAC, THE TAURANGA CHAMBER OF COMMERCE AND THE UNIVERSITY OF WAIKATO.<br />
WE LOVE BEING A PART OF THE BAY AND ARE COMMITTED TO KEEPING OUR COMMUNITY MOVING FORWARD.<br />
We are proud to be the recipient <strong>of</strong> the<br />
<strong>2020</strong> Westpac Tauranga <strong>Business</strong> Awards<br />
Corporate Leadership Award<br />
MAINFREIGHT<br />
3 Te Kakau Place (<strong>of</strong>f Truman Lane)<br />
Kairua, Papamoa 3175, New Zealand<br />
Phone 07 574 0950<br />
www.mainfreight.com<br />
facebook.com/mainfreight<br />
instagram.com/mainfreight<br />
twitter.com/mainfreight<br />
linkedin.com/company/mainfreight
westpac tauranga business awards<br />
<strong>Dec</strong>ember <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 11<br />
Corporate Leadership winners Mainfreight.<br />
them, so there were a lot <strong>of</strong><br />
positive stories emerging from<br />
the finalists this year.”<br />
‘Bean to bottle’ creators<br />
Overall winners Heilala<br />
Vanilla operate a “bean to bottle”<br />
process that grew out <strong>of</strong> an<br />
aid project in Tonga started by<br />
founder John Ross.<br />
Unique to the market, their<br />
main competitors are synthetic<br />
products, while Heilala Vanilla<br />
is pure, grown and dried in<br />
Tongan. It is a highly scientific,<br />
unrefined process (cold<br />
pressed, slow extract), and<br />
Heilala Vanilla is constantly<br />
innovating, creating new products<br />
from the base product.<br />
Heilala Vanilla chief executive<br />
Jennifer Boggis told <strong>Bay</strong><br />
<strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> the awards<br />
were a great validation for the<br />
company’s strategy.<br />
“It’s great to get the confirmation<br />
from the judges that<br />
we’re on the right track,” she<br />
said. “And it’s great to get<br />
local recognition – it was a real<br />
boost to the team.”<br />
Because <strong>of</strong> Covid-19, the<br />
company hadn’t been able<br />
to travel to Tonga, where its<br />
vanilla is grown. But they<br />
were delighted at being able<br />
to successfully complete the<br />
harvest. “We’ve been operating<br />
there for 15 plus years and<br />
we’ve built up strong trusting<br />
relationships – it was a real<br />
testament to the Tongan team.”<br />
Sven Pannell said Heilala<br />
Vanilla continued to innovate,<br />
and the panel was excited to<br />
see what was in store for the<br />
team.<br />
The company also has a<br />
considered focus on corporate<br />
social responsibility. Heilala<br />
Vanilla’s mission is to build a<br />
better future for the people <strong>of</strong><br />
Tonga, and through this, the<br />
world. The company has built<br />
a partnership with the Tongan<br />
King and the local community<br />
<strong>of</strong> farmers, who all grow and<br />
process the vanilla beans.<br />
In a population <strong>of</strong> 200,000,<br />
they employ more than 200<br />
women and are projected to<br />
support more than 1000 families<br />
by 2025.<br />
“[We] felt that Heilala<br />
Vanilla has many <strong>of</strong> the characteristics<br />
we see in New<br />
Zealand’s highest performing<br />
businesses,” said Pannell.<br />
“[The company has] a deep<br />
understanding <strong>of</strong> their global<br />
customers, what they care<br />
about and how to reach them; a<br />
focused and planned approach<br />
to international expansion; and<br />
a deeply-held purpose to transform<br />
the future <strong>of</strong> their vanilla-growing<br />
partners in Tonga.”<br />
Mainfreight – which<br />
recently opened an impressive<br />
new eco-friendly base in Tauranga<br />
– was recognised this<br />
year for its Corporate Leadership.<br />
While they move freight<br />
around the world, Mainfreight<br />
also maintains a strong local<br />
connection to their community,<br />
the judges said.<br />
The Kollective – TK won<br />
the Social Enterprise Award.<br />
It is New Zealand’s largest<br />
co-working space and is dedicated<br />
to the success <strong>of</strong> notfor-pr<strong>of</strong>it,<br />
social enterprise and<br />
charitable organisations.<br />
PMG Funds, which specialises<br />
in funds invested in the<br />
commercial property sector,<br />
received the Service Excellence<br />
Award, with chief executive<br />
Scott McKenzie attributing<br />
the win to having strong<br />
values and a commitment to<br />
customers.<br />
“At PMG, our core values<br />
matter,” he said. “Our<br />
values help all PMG team<br />
members have a singular and<br />
united vision that guides us.<br />
In a pandemic environment,<br />
it’s culture and commitment to<br />
our customers that have helped<br />
us all get through. I feel very<br />
fortunate to work with such<br />
a clever bunch <strong>of</strong> passionate<br />
pr<strong>of</strong>essionals.”<br />
The winner <strong>of</strong> the Emerging<br />
<strong>Business</strong> Award was<br />
Undercover Industries, started<br />
Continued on page 13
12 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong>
westpac tauranga business awards<br />
<strong>Dec</strong>ember <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 13<br />
The Kollective won the Social Enterprise Award.<br />
Undercover Industries won the Emerging <strong>Business</strong> Award.<br />
From page 11<br />
by Gavyn and Shannon Burns<br />
in 2015. The company emphasises<br />
precision in creating a<br />
range <strong>of</strong> pergolas, awnings and<br />
shade covers.<br />
Flatwhite café and restaurant<br />
in Waihi Beach won the<br />
Sustainable <strong>Business</strong> Award,<br />
Toi Ohomai Institute <strong>of</strong> Technology<br />
received the Customer<br />
Experience Award, and Barrett<br />
Homes took out the ACC<br />
Workplace Safety Award.<br />
Two new awards<br />
This year also saw the introduction<br />
<strong>of</strong> two new awards.<br />
The People & Culture Award<br />
asked the public to nominate<br />
businesses that they felt, either<br />
as either staff or customers,<br />
demonstrated a great culture<br />
within. The nominated businesses<br />
then went out for public<br />
voting.<br />
The Chamber said the inaugural<br />
award received a huge<br />
response with winner Mount<br />
Skin & Body receiving just<br />
over a third <strong>of</strong> the total votes.<br />
The other new award was<br />
the Continuous Improvement/<br />
Lean Award, which recognises<br />
the need for companies to be<br />
improving processes and systems<br />
to gain the productivity<br />
benefit.<br />
Award criteria said this<br />
could be through small incremental<br />
bites or with a breakthrough<br />
development.<br />
The inaugural winner <strong>of</strong> the<br />
award was Bake Shack, which<br />
makes and distributes between<br />
10,000 to 15,000 pies every<br />
day, which are then delivered<br />
throughout New Zealand.<br />
The company was constantly<br />
looking for ways to<br />
improve the process, while<br />
maintaining their high quality,<br />
the judges said.<br />
“This year’s entrants came<br />
in all shapes and sizes, but in<br />
their DNA is a set <strong>of</strong> common<br />
traits <strong>of</strong> high performance,”<br />
said Pannell.<br />
“Among these is a relentless<br />
desire to deliver value to<br />
their customers and people,<br />
coupled with the continuing<br />
motivation to be better tomorrow<br />
than they are today.<br />
“What’s been particularly<br />
impressive is the extent to<br />
which businesses are actively<br />
supporting their people and<br />
their communities.<br />
“It’s clear to me that being<br />
a business in the <strong>Bay</strong> means<br />
something special - that it is<br />
both a privilege and a responsibility.<br />
We wish all applicants<br />
and finalists a successful<br />
2021.”<br />
Westpac Tauranga Area<br />
Commercial Manager, Clare<br />
Basire congratulated the<br />
winners.<br />
“We’ve been amazed by<br />
the resilience and innovation<br />
<strong>of</strong> businesses big and small,<br />
who have connected with their<br />
customers and communities,<br />
overhauled their operations<br />
and adapted to the ‘new normal’<br />
in a matter <strong>of</strong> weeks and<br />
months.”<br />
WINNERS OF THE ‘EMERGING BUSINESS’<br />
AWARD – TAURANGA BUSINESS AWARDS <strong>2020</strong><br />
STRUCTURALLY ENGINEERED<br />
ALUMINIUM PERGOLA SYSTEMS<br />
Continuous Improvement/Lean Award winners Bake Shack.
14 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong><br />
westpac tauranga business awards<br />
Toi Ohomai winners <strong>of</strong> the Customer Experience Award.<br />
PMG’s Dennis McMahon and Scott Mckenzie with the team’s Service Excellence Award.<br />
Sustainable <strong>Business</strong> Award winners Flatwhite Cafe.<br />
Congratulations<br />
to to all all the the winners<br />
and and participants in in<br />
the the 2019 2019 Westpac<br />
Tauranga <strong>Business</strong><br />
Awards!<br />
Barrett Homes won the ACC Workplace Award.<br />
Proud Proud sponsors sponsors <strong>of</strong> the <strong>of</strong> the<br />
Digital Digital Innovation Innovation and Technology and Technology Award Award
westpac tauranga business awards<br />
<strong>Dec</strong>ember <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 15<br />
Mount Skin & Body, winners <strong>of</strong> the inaugural People & Culture Award as voted by the General Public.<br />
MOUNT SKIN & BODY<br />
Skin • Body • Well-being<br />
WINNER OF THE INAUGURAL ‘PEOPLE AND CULTURE’<br />
AWARD – TAURANGA BUSINESS AWARDS <strong>2020</strong><br />
AS VOTED BY THE GENERAL PUBLIC<br />
Thanks <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
for recognising PMG.<br />
Mount Skin & Body is known for its<br />
beautiful environment and skin changing<br />
facial treatments. Owner Kelly Kingston<br />
ensures that each team member is<br />
fulfilled and challenged in their work,<br />
feeling valued and appreciated every<br />
single day. The team provides an inspired<br />
and energised personal service to their<br />
clients every time.<br />
To experience this award<br />
winning business, make an<br />
appointment today<br />
TREATMENTS<br />
Advanced Facials<br />
IPL Skin<br />
Rejuvenation<br />
Collagen Induction<br />
Classic Beauty<br />
Treatments<br />
MOUNT SKIN & BODY<br />
Phone: 07 575 0777<br />
321 Maunganui Road, Mount Maunganui 3116<br />
www.mountskinbody.co.nz<br />
We are thrilled to be recognised for<br />
supporting our people, tenants and<br />
investors, while providing cash returns<br />
like clockwork.<br />
Winner<br />
<strong>2020</strong><br />
Service<br />
Excellence<br />
Award<br />
Westpac Tauranga<br />
<strong>Business</strong> Awards<br />
0800 219 476<br />
pmgfunds.co.nz
16 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong><br />
westpac tauranga business awards<br />
Westpac tauranga <strong>Business</strong> AwardS <strong>2020</strong><br />
Westpac Tauranga <strong>Business</strong> <strong>of</strong> the Year<br />
Winner Heilala Vanilla<br />
Finalists PMG Funds<br />
Finalists Barrett Homes<br />
Finalists Flatwhite<br />
Finalists Bake Shack<br />
Corporate Leadership Award<br />
Sponsored by University <strong>of</strong> Waikato<br />
Mainfreight<br />
Manufacturing &/or Distribution Award<br />
Sponsored by <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> <strong>News</strong><br />
Winner Heilala Vanilla<br />
Finalist Bake Shack<br />
Finalist Barrett Homes<br />
Finalist Undercover Industries<br />
Social Enterprise Award<br />
Sponsored by Metro Marketing<br />
Winner The Kollective – TK<br />
Finalist Momenta<br />
Finalist Heilala Vanilla<br />
Service Excellence Award<br />
Sponsored by Zespri<br />
Winner PMG Funds<br />
Finalist WNT Ventures<br />
Finalist Flatwhite<br />
Finalist Momenta<br />
Finalist Mount Skin & Body<br />
Emerging <strong>Business</strong> Award<br />
Sponsored by Toi Ohomai Institute <strong>of</strong> Technology<br />
Winner Undercover Industries<br />
Finalist The Kollective – TK<br />
Sustainable <strong>Business</strong> Award<br />
Sponsored by EECA<br />
Winner Flatwhite<br />
Finalist The Kollective – TK<br />
People & Culture Award<br />
Sponsored by Lysaght Consultants & The Culture Co<br />
Winner Mount Skin & Body<br />
Finalist Barrett Homes<br />
Finalist Salon One Hair & Beauty<br />
Customer Experience Award<br />
Sponsored by Holland Beckett Law<br />
Winner Toi Ohomai Institute <strong>of</strong> Technology<br />
Finalist PMG Funds<br />
Finalist Flatwhite<br />
Finalist Mount Skin & Body<br />
Continuous Improvement/Lean Award<br />
Sponsored by Ballance Agri-Nutrients and Productivity People<br />
Winner Bake Shack<br />
Finalist WNT Ventures<br />
Finalist Toi Ohomai Institute <strong>of</strong> Technology<br />
Finalist Barrett Homes<br />
<strong>Business</strong>, Digital & Technology Innovation Award<br />
Sponsored by Trustpower<br />
Winner Heilala Vanilla<br />
Finalist WNT Ventures<br />
Finalist Undercover Industries<br />
ACC Workplace Safety Award<br />
Winner Barrett Homes<br />
Finalist Undercover Industries<br />
Finalist Bake Shack
westpac ROTORUA business awards<br />
<strong>Dec</strong>ember <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 17<br />
Rotorua business awards<br />
celebrate resilience<br />
Leading businesses were acknowledged for<br />
their resilience and hard work throughout<br />
the Covid-19-disrupted year at this year’s<br />
Rotorua Westpac <strong>Business</strong> Awards.<br />
Rotorua <strong>Business</strong> Chamber<br />
Chief Executive<br />
Bryce Heard congratulated<br />
the 10 award winners<br />
and the finalists, saying the<br />
entries had been the strongest<br />
in year seen in years.<br />
He also thanked the judges<br />
for the excellent work done to<br />
determine the finalists and the<br />
winners, and to the sponsors<br />
whose support had allowed<br />
the awards to take place at<br />
the well-attended event at the<br />
Rotorua Events Centre.<br />
The annual awards were<br />
reshaped this year to reflect<br />
the impact <strong>of</strong> Covid-19.<br />
The organisers said the<br />
awards recognised and celebrated<br />
Rotorua business’ resilience<br />
to the trauma they were<br />
going through.<br />
This year the usual 18 categories<br />
were halved.<br />
However, the judges also<br />
awarded a special Chamber<br />
Commendation Award to<br />
Kaitiaki Adventures to celebrate<br />
a company that had<br />
been a finalist for the last few<br />
years and was recognised for<br />
its “continued excellence in<br />
business”.<br />
Watchdog Security winners <strong>of</strong> the Employer <strong>of</strong> the Year Award (with Brett O’Riley from the EMA).<br />
All Rotorua Westpac <strong>Business</strong> Awards <strong>2020</strong> by Michelle Cutelli Photography.<br />
Build Back Better Award winner Waimangu Volcanic Valley (with Leon Fourie from Toi Ohomai).<br />
Essential <strong>Business</strong> <strong>of</strong> the Year Award winners Rotorua Airport Limited.
18 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong><br />
westpac ROTORUA business awards<br />
Community Support/Care Award winners Piripoho Service.<br />
Rotorua <strong>Business</strong> Chamber team with Michelle Cutelli.<br />
WINNER OF THE ‘ESSENTIAL<br />
BUSINESS OF THE YEAR’ AWARD<br />
WESTPAC ROTORUA BUSINESS<br />
AWARDS <strong>2020</strong><br />
Appreciation Award for the Principal Sponsor Team, Westpac with<br />
Rotorua <strong>Business</strong> Chamber board members, Bryce Heard and Kiri Tahana.<br />
The Essential <strong>Business</strong> <strong>of</strong> the Year<br />
category recognises, thanks and<br />
celebrates those who supplied the<br />
community with “essential” goods<br />
and services during the lockdown,<br />
acknowledging the health and safety<br />
measures taken to protect staff, and<br />
how the operation benefited the<br />
Rotorua community.<br />
Rotorua Airport CEO Mark Gibb says<br />
that while the airport is honoured to<br />
have been nominated for the award,<br />
the win is on behalf <strong>of</strong> all Rotorua’s<br />
essential workers who worked through<br />
the lockdown period, supplying our<br />
community with much-needed goods<br />
and services.<br />
“It has been a year like no one could<br />
have predicted, and it started with<br />
many uncertain variables in front <strong>of</strong> us,<br />
but day by day we were able to tackle<br />
these head on”.<br />
“As New Zealand’s domestic flights<br />
all but shut down over April, our focus<br />
turned towards supporting essential<br />
air traffic and medical and emergency<br />
flights. Our business had to adapt<br />
at pace to our new world and we<br />
deployed our business continuity<br />
plan to ensure we could continue to<br />
operate, and our people, airport staff<br />
and customers, could continue to use<br />
the airport safely.”<br />
– Mark Gibb, CEO Rotorua Airport<br />
www.rotorua-airport.co.nz<br />
Red Stag Rotorua <strong>Business</strong> <strong>of</strong> the Year Award went to Tim Rigter, General<br />
Manager at Red Stag Timber (with Marty Verry from Red Stag Timber).
westpac ROTORUA business awards<br />
<strong>Dec</strong>ember <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 19<br />
The NZME People’s Choice Award winners from Rotovegas Boxing Gym.<br />
Jenny Lux from Lux Organics won the<br />
Environmental Sustainability Award.<br />
The Rotorua Lakes Council Outstanding Contribution to Rotorua Award went to<br />
the Rotorua Lakeside Concert Charitable Trust (with Mayor Steve Chadwick).<br />
Kotihi Reo Consultants Anaha Hiini and Grace<br />
Hiini won the Bilingual <strong>Business</strong> Award.<br />
Westpac rotorua <strong>Business</strong> AwardS <strong>2020</strong><br />
NB: The Rotorua awards differ from some awards events in that they do not name an overall winner.<br />
Build Back Better Award<br />
Winner Waimangu Volcanic Valley<br />
Finalists Te Arawa Fisheries<br />
Finalists Speedy Signs Rotorua<br />
Finalists Interpine Innovation<br />
Finalists Glass Guys<br />
Finalists Hell’s Gate<br />
Finalists MDA Experiences<br />
Employer <strong>of</strong> the Year Award<br />
Winner Watchdog Security<br />
Finalists Ranolf Pharmacy<br />
Finalists Tamaki Māori Village<br />
Finalists Matai Restaurant<br />
Finalists Capers Café and Store<br />
Bilingual <strong>Business</strong> Award<br />
Winner Kotihi Reo Consultants<br />
Finalists Rotorua Lakes Council<br />
Finalists Te Arawa Fisheries<br />
Environmental Sustainability Award<br />
Winner<br />
Finalists<br />
Finalists<br />
Finalists<br />
Finalists<br />
Finalists<br />
Lux Organics<br />
VIP Realty<br />
Alsco<br />
Aura Accommodation<br />
Tatau Pounamu Collective<br />
Kaitiaki Adventures Aotearoa<br />
SPECIAL AWARD:<br />
Chamber Commendation Award<br />
Winner<br />
Kaitiaki Adventures<br />
Community Support/Care Award<br />
Winner<br />
Finalists<br />
Finalists<br />
Finalists<br />
Finalists<br />
Finalists<br />
Finalists<br />
Finalists<br />
Piripoho Service<br />
Rotorua Multicultural Council<br />
Ngati Pikiao Iwi Trust<br />
Te Arawa Lakes Trust<br />
Local Gecko Productions<br />
Rotorua TOP 10 Holiday Park<br />
Pak’nSave Rotorua<br />
Osbornes Funeral Directors & Advisors<br />
Essential <strong>Business</strong> <strong>of</strong> the Year Award<br />
Winner<br />
Finalists<br />
Finalists<br />
Rotorua Airport Limited<br />
Ranolf Pharmacy<br />
The CARE Village<br />
NZME People’s Choice Award<br />
Winner<br />
Finalists<br />
Finalists<br />
Finalists<br />
Finalists<br />
Rotovegas Boxing Gym<br />
Miss Rotorua Foundation<br />
Sukh Beauty<br />
Our House Rotorua<br />
SF-INK Face & Body<br />
Rotorua Lakes Council Outstanding<br />
Contribution to Rotorua Award<br />
Winner<br />
Rotorua Lakeside Concert<br />
Charitable Trust<br />
Red Stag Rotorua <strong>Business</strong> Person <strong>of</strong> the Year Award<br />
Winner<br />
Tim Rigter, General Manager,<br />
Red Stag Timber
20 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong><br />
CONNECTING<br />
BUYERS AND<br />
SELLERS OF<br />
QUALITY<br />
BUSINESSES<br />
First on the scene<br />
Networking photos from the recent B5 event held at The Kollective Tauranga<br />
by the Momenta Charitable Trust, a not-for-pr<strong>of</strong>it helping disadvantaged people<br />
to access a world <strong>of</strong> opportunities.<br />
Photos/Laval Photo & Video Ltd<br />
When is the right time to sell<br />
your business? Right now.<br />
At TABAK, we promise to guide<br />
you through the sales process<br />
with focus, integrity and<br />
complete confidentiality.<br />
1 2 3<br />
1 Kerry Webb, Momenta Charitable Trust and Katie Richardson, Ministry <strong>of</strong> Social Development-Greerton. 2 Kate Terry and<br />
Belinda, Insightfull. 3 Robin Olivier, Robust Action Coach and Matt Cowley, Tauranga Chamber <strong>of</strong> Commerce.<br />
FOCUS • INTEGRITY<br />
CONFIDENTIALITY<br />
4 5 6<br />
4 Fiona Mackenzie, The Culture Co, and Paul Khosla, ACE Consultants. 5 Lyn Trail, Surveying Services and Claire Russell,<br />
Thinkplus. 6 Campbell Higgins, Momenta Charitable Trust and Katie Richardson, Ministry <strong>of</strong> Social Development, Greerton.<br />
WHY TABAK<br />
INDUSTRY EXPERIENCE<br />
REALISTIC APPRAISALS<br />
7 8<br />
7 Dave de Graaf, Momenta Charitable Trust, Liz Davies, SociaLink and Dan Allen-Gordon, Graeme Dingle Foundation-BOP.<br />
8 Brian Rowney, Results Unlimited, Rachael Gemming, EY and Tony Stack, Classic Group.<br />
TEAM APPROACH<br />
PRE-QUALIFIED BUYERS<br />
P5177Y<br />
147 Cameron Road<br />
p. 07 578 6329<br />
e. tauranga@tabak.co.nz<br />
w. tabak.co.nz<br />
9 10 11<br />
9 Linda Giltrap, TradeNZ, Chris Turner, Balanced Success and Sam Fellows, Momenta Charitable Trust. 10 Tanya Williams,<br />
Ministry <strong>of</strong> Social Development-Greerton. 11 Paul Curry, Momenta Charitable Trust.
<strong>Dec</strong>ember <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 21<br />
12 13 14<br />
12 Gordy Lockhart, The Kollective. 13 Dahl Gurdit-Singh, Nrgized Nutrition.<br />
14 Brad Deane, Momenta Charitable Trust.<br />
Motivational<br />
analysis required<br />
before buying<br />
There has been a significant rise in the number <strong>of</strong> people interested<br />
in purchasing their own franchised business in the current Covid-19<br />
economic and social environment.<br />
FRANCHISING<br />
> BY NATHAN BONNEY<br />
Nathan Bonney is a director <strong>of</strong> Iridium Partners. He can be<br />
reached at nathan@iridium.net.nz or 0275-393-022<br />
15 16<br />
15 Nikki Moloney, Momenta Charitable Trust and Sally Blackler, EmployNZ.<br />
16 Shane McConigly, CreateLeap and Sara Stewart, Momenta Charitable Trust.<br />
17<br />
17 Tim Taylor, Houston Technology and Brent Trail, Surveying Services.<br />
18 Paul Bateman, Momenta Charitable Trust and Kevin Kerr, TABAK <strong>Business</strong> Sales.<br />
19<br />
19 Philippa Power, Anteris and Paul Bateman, Momenta Charitable Trust.<br />
20 Meg Jones, The Shine Collective and Lisa Gilmour, ABC <strong>Business</strong> Sales.<br />
21<br />
18<br />
20<br />
22<br />
21 Kurt Macalister, Momenta Charitable Trust and Frank Hekker, Kiss IT.<br />
22 Keira Nesdale, <strong>Bay</strong>leys and Dale Koerner, BlueOcean.<br />
I<br />
have previously stressed the<br />
critical importance <strong>of</strong> potential<br />
franchisee entrepreneurs<br />
undertaking thorough due<br />
diligence <strong>of</strong> the opportunity,<br />
including engaging specialist<br />
advice from accountants,<br />
solicitors and bankers.<br />
We are now seeing a large<br />
proportion <strong>of</strong> first-time business<br />
owners, and as such there<br />
is an additional level <strong>of</strong> due<br />
diligence required.<br />
However, I’m not talking<br />
about the due diligence that can<br />
be undertaken or outsourced to<br />
the specialist advisors. It’s not<br />
an in-depth evaluation <strong>of</strong> the<br />
market or the brand. It is far<br />
more personal and closer to<br />
home – a self-examination <strong>of</strong><br />
one’s motivations for embarking<br />
on a journey <strong>of</strong> franchise<br />
ownership.<br />
At the heart <strong>of</strong> this is a need<br />
for what I call a motivational<br />
analysis. A good place to start<br />
is with Simon Sinek’s “Start<br />
With Why”. Reading the book<br />
or just watching the 18-minute<br />
TedTalk will provide you with<br />
a general overview <strong>of</strong> why<br />
some are extremely successful<br />
when others are not.<br />
The same philosophy and<br />
approach can be applied to<br />
make better decisions when<br />
buying into a franchise system<br />
and create better outcomes for<br />
entrepreneurs. In essence you<br />
need to look deeply at why you<br />
are wanting to acquire a franchise<br />
business.<br />
Map out motivations<br />
By looking at the pr<strong>of</strong>iles <strong>of</strong><br />
franchisee entrepreneurs, we<br />
can map out their likely motivations<br />
and create a matrix <strong>of</strong><br />
the type <strong>of</strong> franchises or business<br />
that will speak to their<br />
“why” and help you examine<br />
your own motives.<br />
There are two most common<br />
pr<strong>of</strong>iles, so let’s look at<br />
the kinds <strong>of</strong> franchise formats<br />
that tend to suit each <strong>of</strong> these.<br />
The first group can be called<br />
“Plan B-ers”.<br />
This group can typically<br />
include the recently made<br />
redundant, and those returning<br />
to work post children. Now,<br />
it can also include those who<br />
have had a taste <strong>of</strong> self-determination<br />
during lockdown and<br />
want to go it on their own.<br />
Their backgrounds will be<br />
varied as their skillsets. What<br />
is common with a majority<br />
<strong>of</strong> Plan B-ers is inherent in<br />
the title – this isn’t their first<br />
choice, so many will be looking<br />
to buy a job and/or some<br />
security.<br />
For some <strong>of</strong> this group they<br />
will use the opportunity to<br />
By looking at the pr<strong>of</strong>iles <strong>of</strong> franchisee<br />
entrepreneurs, we can map out their<br />
likely motivations and create a matrix <strong>of</strong><br />
the type <strong>of</strong> franchises or business that<br />
will speak to their “why” and help you<br />
examine your own motives.”<br />
make that career diversion into<br />
something they always wanted<br />
to do. However most will be<br />
looking at playing it safe. The<br />
safest and most comfortable<br />
path for Plan B-ers is to look at<br />
their core skill and experience<br />
sets and apply these to a franchise<br />
structure.<br />
They are usually risk<br />
adverse, so well-structured,<br />
established systems will suit<br />
them best. This could be systems<br />
designed around a pr<strong>of</strong>essional<br />
service such as HR,<br />
accounting or perhaps property<br />
management, if from a pr<strong>of</strong>essional<br />
background.<br />
Home services and or<br />
trade-related options may<br />
be sought by those from the<br />
trades, and perhaps retail franchises<br />
if they are from hospitality<br />
or retail backgrounds.<br />
Other options or systems that<br />
have earning guarantees or<br />
income protection will be very<br />
desirable to this group.<br />
The second group can be<br />
described as Twilighters – people<br />
looking towards, but not<br />
quite ready to retire. Three factors<br />
come into consideration<br />
with this group.<br />
Preservation <strong>of</strong> capital is<br />
usually paramount, so key<br />
issues include how much the<br />
system is to buy into, and how<br />
safe it is as a business. Their<br />
general objective is likely to<br />
be protecting an asset base that<br />
has been created over a lifetime<br />
<strong>of</strong> employment.<br />
The second consideration is<br />
around earnings expectations.<br />
Quite <strong>of</strong>ten, the motivation<br />
for Twilighters is not solely<br />
income, but more a desire to<br />
stay involved and have a business<br />
interest.<br />
The third consideration is<br />
much more practical – what’s<br />
involved with running the<br />
franchise, how hard is the<br />
work, and how much time is<br />
involved to run it successfully.<br />
Combining these three<br />
objectives at various volumes<br />
produces a match with systems<br />
that are generally at the lower<br />
investment level, and <strong>of</strong>ten<br />
those that can have hours and<br />
attention varied to suit.<br />
Alternatively, for the well<br />
capitalized franchisee entrepreneur,<br />
secure high performing<br />
capital systems are also<br />
a consideration, key factors<br />
being their ability to be operated<br />
under management and or<br />
the ability to on-sell.<br />
We have touched on just<br />
two <strong>of</strong> the why pr<strong>of</strong>iles for<br />
potential franchisee entrepreneurs,<br />
but the commonality<br />
with these – or any <strong>of</strong> the other<br />
pr<strong>of</strong>iles – and the key to their<br />
success is to understand the<br />
motivation for purchasing a<br />
franchise and seek out systems<br />
that are able to speak to your<br />
“why”.
22 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong><br />
Is your retail business ready for the<br />
Christmas rush?<br />
Getting prepped for the holiday shopping rush is about more than<br />
just putting some tinsel on the store-bought Christmas tree and<br />
<strong>of</strong>fering a silly season sale.<br />
Christmas specials matter,<br />
but if you don’t<br />
have the basics right,<br />
you will be missing out on<br />
revenue.<br />
In a physical store you will<br />
want to ensure you have adequate<br />
staff to maintain good<br />
customer service and reduce<br />
queues when things get busy.<br />
Online, you want the product<br />
descriptions and photos to<br />
be strong and your website’s<br />
check-out process to be quick<br />
and painless.<br />
Catering for the unique<br />
context <strong>of</strong> <strong>2020</strong> also matters.<br />
That means considering what<br />
Covid-19 means for your<br />
potential buyers.<br />
Covid-19 and the ‘buy<br />
local’ movement<br />
For Kiwi retailers, this Christmas<br />
will be a little bit different<br />
to those in recent years.<br />
With overseas travel <strong>of</strong>f<br />
the cards due to the Covid-19<br />
pandemic, many people are<br />
looking to spend their Christmas<br />
cash in different ways<br />
– whether it be buying a new<br />
barbeque, a boat, or eating out<br />
every night during a local New<br />
Zealand holiday.<br />
There’s also a heightened<br />
awareness among New Zealand<br />
consumers <strong>of</strong> the struggles<br />
some Kiwi businesses<br />
are facing as a result <strong>of</strong> the<br />
pandemic, and a willingness<br />
among many to support their<br />
local stores.<br />
If your product is locally<br />
made, now is the time to play<br />
on that by making it central to<br />
your brand story. Your website,<br />
product packaging, physical<br />
and online stores and social<br />
media accounts are all good<br />
places to let your customers<br />
know.<br />
Run an effective online<br />
store<br />
Online stores and digital channels<br />
have really come into their<br />
own for many New Zealand<br />
businesses in recent months.<br />
More and more New Zealanders<br />
are doing their shopping<br />
online, so it pays to make<br />
sure your products can easily<br />
be found in a Google search.<br />
You will also want to ensure<br />
you have an online store with<br />
great photos, helpful product<br />
descriptions, and user-friendly<br />
check-out process.<br />
NZ Post’s E-commerce<br />
Spotlight research found that<br />
almost 1.5 million New Zealanders<br />
shopped online in the<br />
first half <strong>of</strong> <strong>2020</strong>, partly due<br />
to the Covid-19 lockdown.<br />
This included 172,000 Kiwis<br />
who shopped online for the<br />
first time, which helped to<br />
drive a 30 per cent higher total<br />
e-commerce spend compared<br />
to the same period in 2019.<br />
This increased familiarity with<br />
web stores among Kiwi shoppers<br />
will only see them buying<br />
more online in future.<br />
Having an online store matters<br />
for those selling overseas<br />
too. Many Kiwi businesses I<br />
work with that sell overseas<br />
have also seen a higher proportion<br />
<strong>of</strong> their revenue coming in<br />
via online channels this year as<br />
people in other countries try to<br />
avoid public spaces.<br />
Covid-19 may be largely<br />
under control in New Zealand,<br />
but that’s not the case in many<br />
other countries around the<br />
world.<br />
Finally, don’t forget to bring<br />
the Christmas spirit to your<br />
online store, as well as your<br />
physical one. This can be done<br />
through temporary changes to<br />
your website’s design, friendly<br />
Christmas messages and holiday<br />
season specials.<br />
The value <strong>of</strong> a social<br />
good cause<br />
There’s another important<br />
point worth considering if<br />
you want to tap in the psyche<br />
<strong>of</strong> sellers at this time <strong>of</strong> year.<br />
Christmas is a time <strong>of</strong> giving<br />
and many people are looking<br />
out for opportunities to contribute<br />
to those less fortunate<br />
than themselves.<br />
If consumers perceive that<br />
your product makes a positive<br />
contribution to society,<br />
or the environment, your<br />
chances <strong>of</strong> selling during the<br />
holiday period will receive a<br />
THE LAST WORD<br />
> BY JAMES HEFFIELD<br />
Director <strong>of</strong> <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> marketing and PR consultancy Last<br />
Word. To find out more visit lastwordmedia.co.nz or email<br />
james@lastwordmedia.co.nz.<br />
jump start. This could be done<br />
through your manufacturing<br />
process, which might be more<br />
environmentally friendly than<br />
your competitors. Or perhaps<br />
you partner with or support<br />
a local charity, contributing<br />
a percentage <strong>of</strong> every sale to<br />
help support their cause.<br />
If you make a difference<br />
like this it should be well<br />
communicated in your promotional<br />
materials, as well as in<br />
store. Backing ethical products<br />
and positive causes matters<br />
to many consumers – perhaps<br />
more this year than ever<br />
before.<br />
After all, we’ve all seen the<br />
value <strong>of</strong> kindness and helping<br />
each other out in times <strong>of</strong> need<br />
this year.<br />
A most unusual year brings<br />
out the best in many<br />
As we draw near the end <strong>of</strong> <strong>2020</strong>, we can<br />
reflect on what has been a most unusual<br />
year for all, and one that many <strong>of</strong> us would<br />
not have predicted, particularly not the widereaching<br />
effect that Covid-19 has had, not<br />
only us, but the entire world.<br />
HUMAN RESOURCES<br />
> BY KELLIE HAMLETT<br />
Kellie Hamlett is Director and Recruitment & HR Specialist, Talent<br />
ID Recruitment Ltd. She can be contacted on kellie@talentid.co.nz<br />
We can be thankful as<br />
many other countries<br />
are still in lockdown,<br />
and as we head into Christmas<br />
we have relative freedom in<br />
our daily activities – certainly<br />
something to be grateful for.<br />
It’s been a tough year, but<br />
for the most part, we’ve done<br />
well. Whilst there are plenty <strong>of</strong><br />
casualties as a result <strong>of</strong> Covid-<br />
19 and the ensuing economic<br />
environment, there has been<br />
support and as tenacious Kiwis<br />
it’s been refreshing to see the<br />
true kiwi entrepreneurial spirit<br />
shine through. Having the ability<br />
to “pivot” being key.<br />
Reflecting on <strong>2020</strong>, I think<br />
it’s a year that many <strong>of</strong> us are<br />
very keen to close the door on<br />
– but what does the coming 12<br />
months hold for us as employers<br />
moving into 2021?<br />
Covid-19 continues to dominate<br />
our landscape and unemployment<br />
figures are really<br />
starting to rise – almost doubling<br />
in the past three months –<br />
and expected to peak at around<br />
7.5 percent this time next year.<br />
As Covid-19 continues to<br />
ravage countries around the<br />
world, there are far-reaching<br />
effects felt throughout the business<br />
community. <strong>Business</strong>es<br />
are continually reshaping their<br />
business models and as we<br />
head into Christmas this will<br />
also put pressure on those who<br />
are working hard to remain<br />
pr<strong>of</strong>itable.<br />
The lack <strong>of</strong> international<br />
students is also having a big<br />
impact on funding streams at<br />
tertiary education level.<br />
The wage subsidy band-aid<br />
is at an end, businesses have<br />
taken up the loan options available<br />
and now many are faced<br />
with the reality <strong>of</strong> reducing<br />
staff and operations to account<br />
for the Christmas and New Year<br />
period and potentially beyond.<br />
Although some sectors,<br />
including primary sectors, continue<br />
to flourish, those reliant<br />
on imports are dealing with<br />
reducing freight options putting<br />
pressure on supply chain and<br />
retailers really struggling with<br />
stock levels.<br />
There is also the reduced<br />
ability to source labour from<br />
overseas, which is affecting<br />
productivity in those sectors<br />
who rely heavily on migrants<br />
for seasonal operations, and<br />
this is also flowing into skilled<br />
and technical roles.<br />
Interestingly, it is incredibly<br />
difficult at present to find<br />
staff. With high employment<br />
levels, many would expect the<br />
opposite.<br />
However, it is becoming<br />
increasingly difficult to<br />
find staff for some basic level<br />
roles, and I suspect, talking to<br />
employers in other regions that<br />
this is the case nationwide – or<br />
within the regions at least.<br />
Kiwis are certainly not rushing<br />
to fill roles that would ordinarily<br />
have been filled by temporary<br />
migrant workers.<br />
What do employers<br />
face?<br />
So what does 2021 have in<br />
store for employers? Firstly,<br />
another raise in the minimum<br />
wage – this will go from $18.90<br />
to $20.00.<br />
The current minimum wage<br />
sits at 59 percent <strong>of</strong> the average<br />
wage in New Zealand which<br />
puts us at the highest in the<br />
developed world and is almost<br />
70% <strong>of</strong> the median wage. There<br />
is no doubt that this will drive<br />
costs higher for all.<br />
Broadly speaking minimum<br />
wages are mostly associated<br />
with work paid on an hourly<br />
rate basis – so those in retail,<br />
hospitality, services, tourism,<br />
and manufacturing. This<br />
comes at a time when thousands<br />
<strong>of</strong> roles are being disestablished<br />
and many businesses<br />
are struggling.<br />
A plus for the regions<br />
post-lockdown is that many<br />
families are choosing to relocate<br />
out <strong>of</strong> the cities – realising<br />
that many can work remotely<br />
from any location and that the<br />
regions potentially <strong>of</strong>fer better<br />
lifestyle options.<br />
I guess there are many lessons<br />
to be learnt from lockdown.<br />
There’s no doubt that<br />
the house prices, pressures <strong>of</strong><br />
life in the large cities and the<br />
desire for lifestyle change has<br />
seen numerous individuals and<br />
families choose to make our<br />
wonderful region home.<br />
We have seen a number <strong>of</strong><br />
newly created roles across both<br />
Tauranga and Rotorua markets<br />
that reflect the growth <strong>of</strong><br />
some <strong>of</strong> the businesses within<br />
our region. So it’s positive so<br />
note that there is some business<br />
confidence.<br />
In particular we have seen a<br />
number <strong>of</strong> newly created middle<br />
management roles come to<br />
the market as business owners<br />
recognise the need to add<br />
value to their current business<br />
operations.<br />
It is also refreshing to note<br />
that salary and benefit packages<br />
are competitive across the <strong>Bay</strong><br />
<strong>of</strong> <strong>Plenty</strong> making it easier for<br />
our employers to compete for<br />
quality candidates nationwide.<br />
In summary, <strong>2020</strong> has been a<br />
year that none <strong>of</strong> us will forget.<br />
With unexpected challenges<br />
on all levels, we’ve had to be<br />
resilient and with the election<br />
behind us and another new year<br />
ahead, again we are fortunate in<br />
so many ways, and know that<br />
out <strong>of</strong> adversity comes strength.<br />
Wishing you all the very<br />
best for the festive season.
<strong>Dec</strong>ember <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 23<br />
A Level<br />
100%<br />
pass rate<br />
2019<br />
IGCSE<br />
94%<br />
pass rate<br />
2019<br />
Preschool | Primary | College<br />
World-class education in the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
ACG Tauranga is a secular, co-educational school that <strong>of</strong>fers an academically focussed education option<br />
for <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> families seeking personalised care and a nurturing environment, supported by a range <strong>of</strong><br />
activities, a globally-recognised curriculum and a values-driven education.<br />
› Internationally-recognised Cambridge curriculum helps students enjoy learning<br />
› Individual tutor for each student provides mentoring, coaching and ongoing support<br />
› Excellent facilities in a landscaped campus<br />
› Specialist subjects and teachers from Primary to College.<br />
› Holistic approach to education with numerous sporting and cultural opportunities available<br />
› Small class sizes and innovative learning environment<br />
› Friendly, supportive environment ensures new students settle in quickly<br />
› Private school buses operating throughout the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
› A member <strong>of</strong> Inspired, a leading global premium schools group<br />
We look forward to welcoming you and<br />
your family to our school.<br />
Visit us at 6 Keenan Road, Pyes Pa<br />
Enrolments are now open for 2022<br />
0800 222 355<br />
tauranga.acgedu.com
24 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong>