The Profit - Inspiring Business in Hawke's Bay

Blog

Protecting your assets in the event of insolvency

Despite being law in New Zealand for well over a decade, the Personal Property Securities Act 1993 (“PPSA”) remains a mystery to some and misunderstood by many. The minimal time and costs involved in protecting your interests under the PPSA can make a significant impact when compared to the economic loss you could suffer when the correct procedures have not...

Commercial property values under fire

From 1 July 2017, the Fire and Emergency New Zealand Act 2017 (FENZ) came into force replacing the Fire Services Levy. The Act replaces the Fire Services Act 1975 and the Forrest & Rural Fire Act 1975. It has been designed to ensure New Zealand has a modern, fit for purpose, and well-funded fire service that addresses long standing issues...

The art of letting go

When the time comes for employees to make a change and resign their employment it generally occurs under a shroud of secrecy. People go to great lengths to ensure their current employer is the last to know. This isn’t an ideal scenario for any of the parties. The employee has to sneak away to interviews, they can’t use the current...

Bayswater Group becomes a Super dealership

In 1990, Rob Townshend was fighting for business survival, faced with the sudden passing of his father and a legal battle that could prevent him from using his surname on a sign above what he says was a “gravel car yard” in Napier. Fast forward to 2018 and Rob is at the helm of a super motor vehicle dealership covering...

Topline is in the fast lane for business growth

Hawke’s Bay is a sea of traffic safety cones, temporary traffic lights or stop/go signs and alternative routes due to some major road and infrastructure projects. There’s the Hastings water mains project, the Whakatu Arterial, the major roundabout on the Hawke’s Bay Expressway and the new entranceway into the airport – just to name a few. Then there’s the rollout...

Co-ownership agreements

You should always protect your investments as best you can and your entry into a new business venture is no different. Any new business always starts with good intentions and hope for a positive outcome. However, no matter how strong the bond between you and your business partner(s), every relationship goes through its ups and downs and you should try...

One brain for all

Never have we travelled so quickly. New discoveries seem to be endless, networks give us roads to transport data faster and further and smarter than ever before. Where will it end. A concept or Ideology that has been discussed and studied for some time is the concept of a Global Brain. With the exponential increase in connected devices, IoT, the...

Diversifying more than your portfolio

As many readers will know, as well as being a Hawkes Bay based financial adviser who has been servicing Bay clients for over 10 years, I also have a national role with AdviceFirst. Today, AdviceFirst includes the now rebranded Spicers business and has a strong presence with 15 offices throughout New Zealand. As part of that amalgamation between Spicers and...

Recognised Seasonal Employer Scheme

The RSE Scheme allows the horticulture and viticulture industry to recruit overseas workers for seasonal work to supplement shortages of New Zealand workers. Across a number of regions’ the Scheme initially provided 5,000 workers, increasing to 11,100 during 2017/18 in response to worker shortfalls. Further labour shortfalls are projected for and beyond 2018/19, and the cap on RSE worker numbers...

ORIGINAIR to fly from Napier to New Plymouth, Palmerston North and Nelson

Nelson based airline Originair will introduce services from Napier commencing September 28th, direct to New Plymouth and Palmerston North and via these cities onto Nelson. The airlines Managing Director, Robert Inglis, said that “the airline has been operating from Nelson to Palmerston North for the past three years and to New Plymouth for a year and adding services to Hawke’s...