October 2021 - Bay of Plenty Business News

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14 BAY OF PLENTY BUSINESS NEWS October/November 2021 SPECIAL FOCUS ADVISORY Safeguarding your business post lockdown The latest Covid-19 lockdown has highlighted a new reality. The old ‘business as usual’ mindset can no longer be relied on to take your business into the future. The new reality of operating alongside Covid-19 requires proactive future planning around current and potential revenue streams. We encourage rethinking your business strategy and being flexible with goal setting which will help your business overcome further challenges. Now more than ever, it’s important to maintain good relationships with your creditors, client base and your team. The new reality of business has paved new ways of thinking and change. Clients that have been successful in achieving higher profitability are the ones who have proactively reached out to us. We work with them to achieve a future focus through compiling annual forecasts and adaptable plans. Through this process we’ve found that business owners who are open to learning and developing extra skills have reaped the benefits of improving organisational culture which in turn improves the bottom line. While managing the ever changing environment it is important to focus on making decisions that will benefit the business in the long-term. We recommend our clients take the following actions to grow their business and reduce risk during these uncertain times: • Build better habits – Have a plan to implement changes in your business to help it grow. The smallest change can compound into great rewards. • Create an annual forecast – with the help of your advisor, focus on maximising revenue and cutting out unnecessary expenditure. • Get stuck in – Stay actively engaged with your creditors and your client base, ensure that your good relationships are maintained. • Stay calm – Don’t opt for a short term focus that could be detrimental in the long term. • Be open to learning. • Take care of your team and the community. We are holding free webinars over the next couple of months to discuss future proofing your business. Contact tauranga@bdo.co.nz to be added to our mailing list for the latest updates on how to prepare your business, or if you have any queries please reach out to Linda Finlay.
SPECIAL FOCUS October/November 2021 BAY OF PLENTY BUSINESS NEWS 15 INVESTING PMG remains robust and resilient Bethlehem Town Centre Since 1992, our diversified commercial property funds have delivered regular and reliable cash returns to investors through multiple economic cycles. PMG’s strategy has always been to offer defensive investments diversified by geography, tenant and business sector. In times like these, our approach has proven to be the right one. With over $750 million worth of assets under management across our five unlisted commercial property funds, PMG is known for being one of the country’s most trusted and established property funds managers. Our most recent offer saw PMG Generation Fund (the Fund) acquire the high-profile Bethlehem Town Centre here in Tauranga, and we welcomed more than 2000 new investors on board. The centre is underpinned by notable national and multi-national tenants, some of which are classed as essential services or were able to operate at Level 3. This brought the total portfolio value to $166.1 million*, which comprises five commercial properties located within main metro centres across New Zealand. “When we launched PMG Generation Fund in 2020, the aim was to help more New Zealanders gain access to the benefits of investing in commercial property, providing regular income and the opportunity for good capital growth on their investment,” PMG Chairman Denis McMahon said. “This latest offer has certainly achieved this.” Not only does the Fund offer a low minimum entry point, but PMG’s Reinvestment Plan also allows investors to reinvest their distributions from any of PMG’s funds into units in PMG Generation Fund (subject to availability) – allowing investors to reap the rewards of compounding returns. PMG’s online Compounding Calculator helps investors see just how their money could be working harder for them. While PMG and our funds are not immune to economic headwinds, our investors’ investments and our properties are in experienced hands. We have complete confidence that all our funds are well placed to thrive in these uncertain times. If you are looking for regular and reliable income from a historically robust and resilient asset class, get in touch with your local PMG Investor Relationships Manager today by visiting www.pmgfunds.co.nz. Disclaimers *The Product Disclosure Statement for this closed offer can still be found on the PMG website. Property valuations stated as per the value of the most recent independent valuation report held by the Fund per property as at the date of the PDS. Past performance is not an indication of future performance. Prospective investors are recommended to seek professional advice from a Financial Advice Provider who take into account an investor’s personal circumstances. PMG, and members of the PMG Investor Relationships Team, do not provide advice. Cash returns like clockwork How are your investments ticking over? Returns of 5.5-6.0% p.a. * Returns paid monthly or quarterly *Returns are based on historical performance of the funds managed by PMG, as at 9 September 2021. Past performance is not a guarantee of future performance. Please refer to pmgfunds.co.nz for current metrics and more information. Prospective investors are recommended to seek professional advice from a Financial Advice Provider who takes into account their personal circumstances. RESIDENTIAL PROPERTY Leaning in and looking through As market leaders in top end Tauranga real estate, Jason & Cameron of Oliver Road have experienced firsthand the aftermath of last year’s lockdown – the booming property market we’re still in. Few would have predicted during those first days, and the extraordinary news spreading across the world that over the next year, here in the Bay of Plenty, median house prices would increase by 25% and that interest in unique, high-value homes would be the strongest it has ever been. This all makes sense. Demand soared as expats returned home and those outward bound paused or canceled their plans. Supply tightened as owners found more enjoyment in their current homes or were unable to find suitable replacements, and the availability of credit became overwhelmingly attractive to those with the appetite and patience for signing countless unread pages of commitment. Although not expecting a repeat of last year, as the second Level 4 lockdown was announced, Oliver Road’s approach was to lean in and look through. Having recently taken on several full-time trade staff in the development of their pre-market improvements service, the priority was to reassure those staff of their job security and to pay 100% of usual wages throughout. This approach was Jason Eves and Cameron Winter rewarded with a team of grateful and motivated staff ready to do whatever was required as restrictions lifted. Feeling confident in their team’s readiness to deliver the international award-winning service allowed Jason and Cameron to focus not on Level 4 but rather to look straight through to the coming months. Safe in the knowledge that in any market, the best choice for a vendor will remain the best, this time around Oliver Road has doubled down and leant in – not scaling back but ramping up investment in new people, technology and marketing. With a near-full spring calendar of $2M+ listings being prepared for the market; one thing is certain – what Oliver Road is doing is working.
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October 2021 - Bay of Plenty Business News

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