March 2023 - Bay of Plenty Business News

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12 BAY OF PLENTY BUSINESS NEWS March 2023 Western Bay joins taskforce to get young people in work Imagine all young people under 25 engaged in appropriate education, training, work or positive activities in their communities – that’s the goal of a new programme rolling out in Te Puke and Maketu. Western Bay Mayor, James Denyer has joined the programme – Mayor’s Taskforce for Jobs – adding our rohe to a nationwide network of Mayors, working together to get all young people 16-25 working, training or contributing to their communities. Other councils in the Taskforce have created initiatives that have seen over 380 people placed into apprenticeships, enabled 500 people to gain their driver licence, and supported 700 education and training opportunities. According to a recently released study from the Salvation Army, the Bay of Plenty has the highest proportion of young people not in employment, education, or training in Aotearoa, so this programme has some work to do (in June 2022, 18.7 per cent – or 6500 – of 15- to 24-yearolds in the region were not in education, employment or training). This much needed Western Bay version of the programme will be focused on helping youth in Te Puke and Maketu where support is most needed (over 400 young people unemployed, or not in the workforce, source: 2018 Census). This complements the existing youth employment programme ‘Katikati Poutama – Pathways for Rangatahi’ already in action at the western end of the District. The new Taskforce team will be working closely with existing local providers, and partnering with Colab, a group of social sector organisations based in Te Puke. The partnership will ensure that the Taskforce builds on their existing good work. To assist Mayor James in making the Taskforce goal a reality, a new coordinator Davina Edwards, has joined the team. Davina’s role will be focusing on tailoring the Taskforce’s mission to our Western Bay communities and connecting communities with opportunities. She will be helping to create paths and remove the barriers between our young people and education, training, and jobs. Mayor James says, “Our District is so full of opportunities just waiting to be seized, but our young people can be stopped at the first hurdle. “Often it’s something we take for granted, like having access to driver licensing and testing, that blocks people from working towards their goals. “I’ll be working with Davina to understand what we can do to remove those hurdles, and be an advocate for our young community.” Existing businesses in our local communities also stand to benefit from the programme with access to new recruits, so it’s a positive for the whole community at a time when a lot of people are doing it tough. Western Bay Mayor James Denyer, meets with the new Mayor’s Taskforce For Jobs co-ordinator, Davina Edwards. Together they plan to get work with young people in Te Puke and Maketu to help them find new education, training and employment opportunities. For Davina, tailoring the solution to the community and its needs is the key to success. “I’m new to the Western Bay and I’ve spent the last few weeks making my way around the rohe speaking with our communities and tangata whenua. Our District is rich with cultural diversity and that strong social fabric is something we can tap into to build successful programmes.” Chris Johnstone, Colab coordinator says, they are excited about this great initiative. “This is a great opportunity to work in partnership with Western Bay of Plenty District Council and the community, to provide good outcomes, training and employment for our young people.” Council is a supporter of Colab and all the things they do for the Te Puke community. We look forward to working with them on this project. Check out the Mayors Taskforce for Jobs website www.mtfj.co.nz/ for more information. More information about Colab can be found on their website www.colabcommunity.nz. At Bayleys, we believe relationships are what businesses are built on and how they succeed. We understand that to maximise the return on your property you need: Professional property management A business partner that understands your views and goals Contact the Bayleys Tauranga Commercial Property Management team today. Bayleys Tauranga Commercial Property Management 07 579 0609 jan.cooney@bayleystauranga.co.nz SUCCESS REALTY LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008 ALTOGETHER BETTER Residential / Commercial / Rural / Property Services
March 2023 BAY OF PLENTY BUSINESS NEWS 13 ROTORUA’S QE HEALTH OPENS THE DOORS TO MULTI- MILLION DOLLAR HEALTH AND WELLNESS FACILITY Aaron Randell moves the carved stone into the new reception. QE Health has opened the doors to its new $19M purpose-built health and wellness facility in late February following a karakia (blessing). QE Health Chief Executive, Dr Aaron Randell, says the blessing and opening of the facility, now located at 1084 Hinemaru Street, is a significant milestone for everyone involved in the project. “Plans for the new facility began way back in 2019, so between Covid lockdowns and rising building costs, there have been many challenges along the way – it was a great feeling to acknowledge that journey,” says Aaron. The former QE Health building on Whakaue Street was originally built 80 years ago as a convalescent home for soldiers returning from WWII. “The building was never intended to be used for more than 15 years, but here we are more than 80 years later, with a new facility, which will serve the community for generations to come,“ he says. While most services have re-opened at the new facility, the geothermal pools will not open until Monday 6 March. As part of the karakia, a rock was moved from QE Health’s former garden to the new facility’s reception. The rock originates back to the 1980s when the former Patient’s Association funded a Japanese-inspired garden as a quiet space for patients staying at QE Health. QE Health Trustee, Mary Lean, says local sculptor Trevor Nathan has now carved a koru and the year ‘2023’ into the rock as the completion date of the facility. “The rock symbolises a new beginning for QE Health and carries the spirit of the original building and what QE Health embodies into the new facility,” she says. QE Health will host a community open day on Saturday, 11 March where members of the public can walk through and experience the facility themselves. Hosted by NZME, the event will also feature a free BBQ and spot prizes. A formal ministerial opening will take place on Friday, 10 March. The new facility’s layout will provide visitors with a much-improved visitor experience with the gym, QE Health CEO, Dr Aaron Randell and Dr Anaha Hiini who led the blessing. Pilates studio, Rachel Pools and clinic rooms all easily accessible to one another. “Our new health and wellness facility enables us to take our unique, clinically integrated approach to health and wellness to the next level,” says Chief Executive, Dr Aaron Randell. “One of our aims is to provide additional health and wellness options for more Kiwis – an aspect which is becoming increasingly important as our population increases and ages,” he says. QE Health is New Zealand’s only clinically integrated health and wellness centre. It provides a complementary range of personalised clinical health services to help people reach their wellbeing goals. The new facility has been funded through a series of predominately loans and some grants from Kānoa, the Government’s Regional Economic Development & Investment Unit, Rotorua Trust, and Rotorua Lakes Council. How to prepare your business for sale For business owners, the thought of selling your business may be quite daunting. However, if you prioritise preparation and engaging with the experts, the process can be simpler than you think! Minimising costs and increasing annual profit by a modest amount can add to the potential sale price.” There’s no such thing as preparing for the sale too early. Preparing your business for sale is a process that requires careful planning. The longer you have to prepare your business, the better chance you have at successfully selling it – not to say that it can’t be done quickly if need be. It is important to determine an exit plan early on, establishing a solid understanding of the drivers of business value and targeting the level of profits likely to deliver a successful sale at the desired value. A crucial step in preparing a business for sale is determining its value. A business appraisal analyses every aspect of the business, from the market value of its assets to its future earnings prospects. An expert’s opinion, who has relevant comparable business sales data, on what your company is worth will help you determine whether now is the right time to sell; and how much you might be able to sell it for. It will also give an insight into how to improve the business before placing it on the market. Timing is everything. Bringing the business to market when it can be shown to be running at peak efficiency, and with a solid record of profits trending upwards, is always going to result in more buyer interest. This may require trimming of costs, greater sales, and increased profit margins and reviewing other variables. Minimising costs and increasing annual profit by a modest amount can add to the potential sale price. A healthy and thriving business with robust financials and a smooth operation is likely to sell more easily. A business is more attractive if its success isn’t solely dependent on the owner’s operational know-how, technical skill or personal relationships with clients or suppliers. Having an experienced, reliable management team demonstrates that the business will remain successful post-sale. Clear signs that there are competent staff tasked with spreading the workload and helping drive the business forward are crucial to giving buyers confidence that the business will continue to perform post sale. Getting the records in order is one of the most important steps you can take to prepare your business for sale. Review all financial statements from BUSINESS SALES > BY STEVE CATLEY Steve Catley is a Business Broker at LINK Business Brokers. He can be contacted at 021 341 117 and steve.catley@linkbusiness.co.nz the past few years and make sure they’re accurate and up to date. Your accounts should be organised and include everything relevant to the business. It is also key to provide a set of ‘normalised’ accounts to show maximum operating profits, as well as your actual accounts. This means adding back expenses that are not directly related to operations – and being prepared to discuss these with potential buyers. This can make a big difference to the selling price. You may have experience running a successful business, but does that mean you are right person to sell it and to achieve the best return? Hiring a team of experienced professionals, who can represent your business appropriately, have experience in business sales with access to relevant comparable data and an insight of the industry will help you find the best position for your business.
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March 2023 - Bay of Plenty Business News

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