Pro Business advice

How Hawke’s Bay business leaders can navigate economic and financial pressures

New Zealand business leaders and owners are encountering a variety of challenges in the current market, from economic pressures and financial concerns though to workload issues. Unfortunately, business leaders are now feeling more negative than ever when it comes to their business performance – so what can they do to navigate the challenges facing them right now? The latest BDO...

Managing your business wellbeing in 2024

As we mark one year on from Cyclone Gabrielle affecting homes and businesses throughout the Hawke’s Bay, it’s an important time to take stock of how we have collectively coped and responded to challenges in 2023 and what we can do to manage business wellbeing in 2024. The November 2023 BDO Business Wellbeing Index is one way to understand how...

Is your business performance meeting your plan?

While completing a business plan clarifies and outlines your goals and objectives for the future, the key to making sure you are achieving your goals is to effectively measure and monitor your performance. We like to think all Businesses, regardless of size or industry have a Business Plan (and if you don’t then now is a great time to work...

Addressing staffing gaps with a virtual CFO

Staffing has been a major talking point for many of our clients in the past few months, and we know businesses right across Hawke’s Bay are having similar issues. The market is tough, and businesses are having to manage competing priorities for their time and resources. A permanent staff member might not be a priority, or the scope of the...

Risk register protects and creates opportunities

The start of 2023 has been a rough one. Cyclone Gabrielle and the subsequent flooding brought a degree of destruction not seen in the Hawke’s Bay for decades. If we have learnt anything over these last few years following a global pandemic, lockdowns and cost of living crisis, it is that as a group, Hawke’s Bay people and businesses are...

Riding the wave of uncertainty

The war in Ukraine, volatile European markets and currencies, and challenges across China’s political and economic landscape are just some of the issues impacting almost every country in every corner of the globe – including New Zealand. We are broadly an import economy – and this handful of issues playing out on the world stage is having a direct impact...

Exploring the relationship between business performance and wellbeing

Leading and owning a business has always come with both risks and rewards. It can bring high levels of personal satisfaction, professional development and growth. And for some, it can offer increased independence, lifestyle, flexibility and financial rewards. Yet, such roles also present challenges – many of which have potential to place your mental wellbeing at risk. Against a backdrop...

The construction sector – The have’s vs the have not’s

The opportunities and challenges inherent within New Zealand’s construction sector have always been amplified by its cyclical nature. With the high demand construction firms are currently experiencing in both the commercial and residential sectors, we are seeing the industry take fresh approaches as it responds to market challenges such as procurement of materials and delays due to supply shortages as...

Where is your business heading? and what can you do to help get it there?

While being the best in one’s industry is a lofty business goal, in today’s climate it is crucial to set realistic, attainable goals rather than being caught up in the idealistic. As businesses continue to grapple with the fallout of Covid-19 and government mandates, businesses are left with less operating flexibility and certainty. It is therefore paramount that business owners...

Pro Business advice

The business pivot

While “Pandemic” was voted as the 2020 Word of the Year, you probably haven’t heard the word ‘Pivot’ used with quite so much frequency as you did last year. We’ve all heard amazing stories of companies that have taken up opportunities to shift their focus by changing their product offering, their target consumers, their delivery method, or the way they...