The Profit - Inspiring Business in Hawke's Bay

Blog

Hawke’s Bay property market rebounding

Following the long-awaited announcement of the first cut to the Official Cash Rate in more than four years by the Reserve Bank of New Zealand, market sentiment in Hawke’s Bay is lifting. While the road to recovery following the economic shocks caused by the Covid-19 pandemic and extreme weather events such as Cyclone Gabrielle has been long, green shoots are...

Do you need a Trust?

It’s no secret that Kiwi’s have long loved trusts. It is estimated that there are currently between 300,000 and 500,000 trusts in New Zealand. But why the obsession? And is there still the same love for trusts that there once was? Trusts have always been a useful tool for asset protection and estate planning. Asset Protection Historically, one of the...

Lattey Group in growth mode

The locally owned civil construction business has grown their staff by 20 percent in the past five years and outgrown their Hastings premises. So, they are on the move, taking the 75 plus team into a 6000 sq/m purpose-built base in the Irongate business district. CEO Mark Hook (pictured above) talks smart business with Kate de Lautour. What are...

Rising insurance costs and difficulty getting cover – especially in flood-prone areas

Why are insurance costs going up? Over the last 18 months insurance premiums have gone up by nearly 30%, with significant increases in high flood risk areas, such as the Hawkes Bay. Whilst pricing is starting to stabilise, it is still a large cost for many people whether it comes to their home, business or both. Why have costs risen...

But that’s what we agreed …

A wise and respected local businessman once gave my Father some sage advice which he has often repeated: “You are a fool if you do not understand what you are signing”. Not so long ago a handshake and a discussion of the broad terms of an agreement were often enough to create a lasting and workable arrangement. Whether or not...

ROCKIT GLOBAL ANNOUNCES THE APPOINTMENT OF NEW CEO, GRANT MCBEATH

Rockit Global Limited Chair, John Loughlin announced today the appointment of Grant McBeath as its new Chief Executive Officer. Grant will succeed Mark O’Donnell who in June announced his upcoming retirement. The appointment follows a search that included international candidates for the role. John Loughlin said, “the Rockit Board is delighted with the appointment of a proven leader with a...

Fractional work – hiring a part-time specialist to help grow your business

Over 2024, high interest rates and inflationary pressures have made it harder than usual for Kiwi businesses to thrive. At the same time, many businesses still see an opportunity to grow but may be reluctant to spend money on hiring a new person (especially at a senior/ executive level) who could play a key role in unlocking that growth opportunity....

Delivering results at life- changing academy

Located on Omahu Road Hastings, purposefully on the doorstep of Flaxmere where he grew up, local businessman Taurus Taurima’s Topline Training Academy is changing lives. While his own story is inspirational and grounded in many of the challenges faced by the rangatahi his programme has been created for, Taurus has shown that with hard work, positive influence and role models,...

Bayleys championing businesses with scale

Bayleys is the largest full-service real estate agency in New Zealand and has also been actively assisting business owners to sell their businesses through its team of specialist brokers. In January 2024, Bayleys made the strategic acquisition of bespoke brokerage and advisory firm Rede, which had a track record of transacting sizable unlisted business enterprises valued between $5m to $50m....

Pan Pac emerges from water and silt

Steam is rising from the boilers again at Pan Pac after a 16 month clean up at a cost of over $300 million. Fair to say it wasn’t the best way to celebrate 50 years of business. Cyclone Gabrielle struck with all its fury submerging the Whirinaki site with over 2 metres in water and more than 750,000m3 of silt....