Pro Experts

Benefits of buying an established business

Buying an existing business is like running a marathon which has already been half-run for you by another athlete! Starting a business can be a difficult and risky endeavour. However buying an established business can provide the new owner with a much more secure and viable option. The key reasons for buying an existing enterprise as opposed from starting from...

Exploring the opportunities and risks of AI in business from a legal perspective

Artificial Intelligence (AI) has emerged as a transformative force in the business world, offering newfound opportunities for efficiency, innovation, and competitive advantage. However, along with these opportunities come legal implications and risks that must be carefully navigated. AI algorithms can process vast amounts of data quickly and accurately, helping businesses identify trends, predict future outcomes, and make informed choices. This...

Valuing Cyclone Recovery

The 14th of February 2023 will go down in local history as one of the worst natural disasters to hit our region as Hawke’s Bay endured the fury of Cyclone Gabrielle. The unprecedented level of devastation and loss faced by the community in the aftermath has been immense. The primary focus of this article is to summarise the process now...

Say Goodbye to Passwords: Welcome the Age of Passkeys!

2024 marks the beginning of a new era, bidding farewell to an old friend – the humble password – and embracing passkeys as the innovative gatekeeper of our digital security. Say goodbye to the days of cumbersome passwords and welcome a secure, convenient, and seamless login experience. For years, passwords have played a vital role in safeguarding our digital identities...

How medical insurance can support worker productivity

In July 2023, it was reported in the media that many patients were waiting up to a year for basic medical procedures at Hawke’s Bay Hospital when the target wait is six weeks. These procedures included ultrasound and CT scans, MRI’s and steroid injections. The wait to get a routine examination for these patients was one of the factors (along...

Cloud networks without the headache

With the emergence of cloud applications and modern mobile devices driving the necessity for ‘anywhere access’, companies across New Zealand are recognising the shortcomings of traditional corporate networks. A move to virtualised cloud networks matching these applications and use-case scenarios offers multiple advantages – but making the move can be a daunting prospect, with uncertainty around management, configuration, and day-to-day...

Celebrate your people and team successes

Let’s Celebrate! In the face of inflationary pressures, interest rate rises, cyclones and uncertainty, it is challenging to rise out of the mire and celebrate the good in our organisations and people. Too often it’s the loudest voice, the trickiest staff member or the latest crisis that takes all our time, attention, and energy. If morale ever really needed a...

Considering buying a business?

While there is a constant stream of businesses coming up for sale, the tricky bit is knowing how to assess the best business opportunity. As long as you ask the right questions, it should be fairly straightforward. Here’s the good news. I’ve compiled some of those ‘right’ questions for you. Before making a final decision I encourage you to seek...

Which personal investment strategy is right for you?

For anyone with an eye on the NASDAQ and S&P500 markets, you might have noticed big global tech names like Apple, Amazon and Google are all up 40-50% year to date. But most notably, the chip maker Nvidia is up more than 150% year to date, all heavily weighing on the overall market direction. Hindsight makes things crystal clear when...

The value of history

When Damon told me that this issue of The Profit was going to feature 150 years of Hastings City and look at some of our longest established business, I thought it appropriate to dig into the Harvey family history, as there has been a long association with the Harvey family providing real estate and property valuation services since they stepped...