The Profit - Inspiring Business in Hawke's Bay

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The value of building your own home

Hawke’s Bay is growing. We can see that by the numerous new infrastructural construction that is going on around us. So, it’s no surprise our region is growing residentially as we need to house a growing population. It is generally accepted that new housing stock is now a vital part of keeping up with a growing New Zealand. So, the...

Construction sector in good health but …

The construction industry in New Zealand has been experiencing a period of sustained growth and the highest activity levels ever. This is evident on our back door steps too as we see many new developments underway or planned here in Hawkes Bay. The question is whether the businesses in the industry have adequate margins, staffing and cash flow to sustain...

First Impressions Count

Organisations generally invest significant amounts of time on the recruitment process to fill vacancies, plus checking the credentials of the preferred candidate and getting them signed up. After investing all that time and money it’s important to get your new employee off to a good start. It may be timely to review your induction process, or if you don’t really...

Franchising – what’s in the fine print?

Despite being prevalent throughout New Zealand, there is no legislation that governs or regulates franchises, with the result that there is no requirement for the terms of a franchise to be fair and reasonable. What is a Franchise? Every franchise should be a replica of the Franchisor’s business, therefore giving customers of the franchise a consistent experience. The Franchisee gains...

5G – the need for speed

There has been quite a bit of discussion and some excitement around 5G coming and what that might mean for us here in New Zealand. Firstly, what is 5G. Simply 5G is the fifth- generation mobile network. In 1987 1st generation was deployed in New Zealand and this was all about voice, 2nd generation in the 90s was digital enabling...

Entrepreneurs Alive and Thriving at EIT

The Hawke’s Bay economy is changing and EIT is adapting to meet the era of the entrepreneur. “Over the past decade there has been a massive global shift to entrepreneurial ecosystems,” said Jonathan Sibley, EIT’s Director of Research and Associate Professor, School of Business. “It’s been estimated that 50 percent of all jobs created in OECD countries over the last...

Making cents of the market

It is the process of anticipating what could lie ahead, and the creation of methods and processes to help minimise the potential negative effects of future influence... but can you ever truly 100% futureproof a portfolio? The truth is you can’t completely 100% future-proof any portfolio, because investment involves risk no matter how low, and the future is uncertain. But...

What’s New in Planning?

Proposals for developing a ‘national planning template’ were first introduced following a 2013 discussion document ‘Building Competitive Cities: Reform of the Urban and Infrastructure Planning System’, with consultation on the development of National Planning Standards commencing on 6 June 2018 and submissions on Draft Standards closing on 17 August 2018. The themes emerging from the consultation indicated that: current plans...

Success flows from the drains up

When the Global Financial Crisis hit in 2007, Mark Currie thought his family business, Drainways, was about to go down the drain, literally. The business, started by Owen Currie in 1977, was starting to feel the strain of the downfall in construction projects across Hawke’s Bay. Mark had taken over the business from an older brother in 2007 and was...

Record turnover and passenger growth brings forward Airport Masterplan review

Passenger growth at Hawke’s Bay Airport continues to exceed expectations and has led to the company posting a record turnover of $6.6 million. Year-on-year passenger growth is up 8 percent with 715,000 annual passengers for the rolling year through to October 2018. Net profit after tax of $1.4m, was slightly down on last year ($270,000) but was due to increased...