The Profit - Inspiring Business in Hawke's Bay

Blog

Could your team be doing better?

Teams are a powerful asset for any organisation. However, unlike a sports team, we rarely spend time practicing being a team. While most organisations can acknowledge the positive impact of an effective team, particularly in leadership, few create a plan to make this happen. Looking at how your team is assembled and structured, how it functions, its strengths, blind spots and developmental requirements could be the single best thing you do for...

The Halfway Mark: Asset Class Market Update

The July edition of the Colliers monthly property research report reflects the halfway mark for 2022 and presents a timely opportunity for us to provide an update on market conditions across multiple asset classes both of what is being experienced nationally but also some of the local activity that has taken place. Retail The retail sector has had its fair share of challenges over the last...

New Business takes flight – Those Cabins

Mike and Steph Russell have come up with the perfect add-on to their residential rental property business, that not only offers a solution to their own portfolio, but also other property owners and those needing an additional bedroom or office. The couple have been property investors since 2008, purchasing ‘do ups’ in Hastings and Flaxmere and doing the hard yards themselves to make their rental homes warm and tidy for their tenants....

Re-Leased plays big role in retaining tech talent in the Bay

It was not too long ago that school leavers were leaving Hawke’s Bay in their droves. Tempted by big city lights and the promise of high-flying careers, the region was, at the time, seemingly lacking the opportunity, and the excitement to keep the twenty-somethings around. In recent years, however, thanks to some long-term thinking and perhaps risky business moves by many key individuals and...

Tribune complex a tribute to couple’s vision and hard work

A Hastings landmark that closed due to earthquake risk has come alive as a stunning office, retail and hospitality precinct that rivals the best in New Zealand. Property developers and passionate Hastings’ champions Rob and Barb Hansen have brought life back into the former Hawke’s Bay Herald Tribune buildings, transforming them into a modern social and business precinct that still acknowledges its past newspaper history. The old...

Creating a career that’s the right fit

Successful marketer pivots to provide career advice and coaching. It might sound like an unusual move to retrain as a career advisor and coach whilst running a successful marketing business, but for Julia Kay the pivot was borne of a desire to help others find their ‘right fit’ career pathway. Providing a comprehensive career service for teenagers from Y12 was the start point for...

WashRite – the Rite choice

Anthony Norris is sure he has made the RITE decision to take on the Hawke’s Bay franchise for Wash Rite, which is New Zealand’s largest exterior cleaning business with 23 franchises and growing. Anthony is up for the challenge and he’s not daunted by taking on the exterior cleaning of large-scale buildings in any weather elements, as he loves working outside, something he did in...

‘Muni’ awakens with metro city vibe

The doors shut to Hutchinson’s eight years ago, as well as the Municipal Building and beloved Assembly Hall, due to the building being earthquake prone. Now the Municipal Building (‘Muni’) is springing back to life as part of the overall Toitoi – Hawke’s Bay Arts & Events Centre rebuild project that began in 2016, costing over $45 million. The ground floor has been transformed into three hospitality offerings,...

WoolWorks leads the way in emission reduction

Local wool scourer business WoolWorks received more than $4 million in co-funding from GIDI Fund to convert gas and coal boilers at their Awatoto (Napier) and Washdyke (near Timaru) sites to more modern and efficient hot water heat pump technology. The new hot water pump at Awatoto, which will be one of the most sophisticated and largest in New Zealand, will replace the site’s natural gas-based...

Bay Businesses step up to carbon reduction ambitions

If reducing carbon emissions wasn’t a goal for your business before 2022, it certainly will be now, since the New Zealand Government released its first Emissions Reduction Plan (ERP) in May. Hawke’s Bay has felt the impact of climate change with a severe drought in the summer of 2020/21 and then major rain events along the East Coast during our most recent summer. The drought...