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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 />

26 Fourth Ave<br />

Tauranga<br />

0800 225 999<br />

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Theresa Eagle 021 289 0949<br />

theresa.eagle@linkbusiness.co.nz<br />

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· <strong>2020</strong> turnover exceeded $1.8M incl gst<br />

· Strong net prot <strong>of</strong> $440K+_<br />

· Supplier contracts in place<br />

· Prole & customer base constantly expanding<br />

· Currently run as a managed business<br />

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Grant Jacobson 027 454 0432<br />

grant.jacobson@linkbusiness.co.nz<br />

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· Signicant earnings, conrmed forward orders<br />

linkbusiness.co.nz/BOP00206<br />

Steve Catley 021 341 117<br />

steve.catley@linkbusiness.co.nz<br />

Award Winning <strong>Business</strong><br />

$955,000 Health & Supplements $600,000 Desirable Mount Cafe<br />

<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />

· High demand service based business<br />

· Avg $500K pa to working owner<br />

· Well established, impressive client base<br />

· Training supplied<br />

· Includes extensive plant and equipment<br />

Winner<br />

Small Agency<br />

<strong>of</strong> the year<br />

LINK <strong>Business</strong> Brokers<br />

linkbusiness.co.nz/BOP00218<br />

Neil Cammell 027 213 3100<br />

neil.cammell@linkbusiness.co.nz<br />

Tauranga<br />

· Online sales, excellent e-commerce website<br />

· 1 full-time working owner & 1 part-time<br />

working owner, net surplus approx $200K<br />

· Uniquely formulated health products<br />

· Homebased, relocate anywhere in NZ<br />

· Asking price plus stock approx $200K<br />

linkbusiness.co.nz/BOP00222<br />

Camella Anselmi 027 445 4121<br />

camella.anselmi@linkbusiness.co.nz<br />

A clean sweep for LINK!<br />

Humbled, ecstatic, and proud to take home the<br />

full house <strong>of</strong> awards for our industry sector<br />

Winner<br />

Large <strong>Business</strong><br />

Brokerage <strong>of</strong> the year<br />

LINK Ellerslie<br />

Winner<br />

Medium <strong>Business</strong><br />

Brokerage <strong>of</strong> the year<br />

LINK <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />

Winner<br />

Small <strong>Business</strong><br />

Brokerage <strong>of</strong> the year<br />

LINK Christchurch<br />

Winner<br />

<strong>Business</strong> Broker<br />

Salesperson <strong>of</strong> the Year<br />

Bruce Cattell<br />

LINK Ellerslie<br />

$POA<br />

Mount Maunganui<br />

· Well-established, sort after mount location<br />

· C<strong>of</strong>fee sales avg 30 - 40 kgs per week<br />

· Sales $1M+ incl gst for YE <strong>2020</strong><br />

· Fabulous summer ahead, YTD surpassing last<br />

year<br />

· Rent is less than 5% <strong>of</strong> turnover<br />

linkbusiness.co.nz/BOP00134<br />

Theresa Eagle 021 289 0949<br />

theresa.eagle@linkbusiness.co.nz<br />

Winner<br />

<strong>Business</strong> Broker<br />

Rising Star <strong>of</strong> the Year<br />

Jeff Wiley<br />

LINK Ellerslie<br />

All LINK NZ <strong>of</strong>ces are licensed REAA08


4 BAY OF PLENTY BUSINESS NEWS <strong>Dec</strong>ember <strong>2020</strong><br />

www.bopbusinessnews.co.nz<br />

CONTACT INFORMATION<br />

PUBLISHER<br />

Alan Neben<br />

Ph: (07) 838 1333 Mob: 021 733 536<br />

Email: alan@bopbusinessnews.co.nz<br />

EDITOR<br />

David Porter<br />

Mob: 021 884 858<br />

Email: david@bopbusinessnews.co.nz<br />

PRODUCTION<br />

Copy/Pro<strong>of</strong>s/Graphic Design<br />

Times Media – Clare McGillivray<br />

Ph: (09) 271 8067<br />

Email: clare@times.co.nz<br />

ADVERTISING INQUIRIES<br />

BUSINESS DIRECTOR<br />

Pete Wales<br />

Mob: 022 495 9248<br />

Email: pete@bopbusinessnews.co.nz<br />

ELECTRONIC FORWARDING<br />

EDITORIAL:<br />

<strong>News</strong> releases/Photos/Letters:<br />

david@bopbusinessnews.co.nz<br />

GENERAL INQUIRIES:<br />

info@bopbusinessnews.co.nz<br />

<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> <strong>News</strong> has a circulation<br />

<strong>of</strong> 8000, distributed throughout <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />

between Waihi and Opotiki including Rotorua<br />

and Taupo, and to a subscription base.<br />

www.bopbusinessnews.co.nz<br />

<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> Publications<br />

309/424 Maunganui Road,<br />

Mount Maunganui, 3116<br />

<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> Publications specialises<br />

in business publishing, advertising, design and<br />

print media services.<br />

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>

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