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LOCAL BUSINESS IS OUR BUSINESS Issue 120. September / October 2016 www.rosebankbusiness.co.nz Rob Croot Managing Director Autex Industries Ltd Stronger together

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Page 1: Rob Croot - Rosebank Business Association...make a conscious choice to be a better Dad.” Good fatherhood requires effort, affirmation, resilience. In times of stress, looming failure

www.rosebankbusiness.co.nz 1ISSUE 120

LOCAL BUSINESS IS OUR BUSINESS

Issue 120. September / October 2016

www.rosebankbusiness.co.nz

Rob CrootManaging DirectorAutex Industries Ltd

Stronger together

Page 2: Rob Croot - Rosebank Business Association...make a conscious choice to be a better Dad.” Good fatherhood requires effort, affirmation, resilience. In times of stress, looming failure

www.rosebankbusiness.co.nzISSUE 1202

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Page 3: Rob Croot - Rosebank Business Association...make a conscious choice to be a better Dad.” Good fatherhood requires effort, affirmation, resilience. In times of stress, looming failure

www.rosebankbusiness.co.nz 3ISSUE 120

Mike Gibson, CEO

FROM THE TOP

What makes a good father?

Michelle Maitland, Chairperson

Sometimes the fast pace of life needs an off switch..

Every year for around two weeks I utilise the off switch and head to the Gold Coast for quality time with my mother; it’s a time of nurture and reflection and I must say this year it seems well overdue.

As another RBA financial year heads to an end, I find myself reflecting on all the things I have yet to complete and also some of the experiences I have in fact survived.

Being chair of the RBA has moved me through an assortment of realms from confusion to being willing to ask for help in both my personal and professional life and in that I am extremely grateful that when we change our perspective on any one thing it impact all areas of our lives.

Being less tolerant for me is actually a breakthrough and in turn I am less tolerant of my own automated patterns and thoughts.

We can not be all things to all peopleI learnt a great business lesson this year which was to define my market and market to that definition. Trying to be it all dilutes the intention, purpose and results.

The clearer picture I have gained on my values and purpose, the easier life becomes.

“Feeling gratitude and not expressing it is like wrapping a present and not giving it.” William Arthur Ward

I related this quote to my mum and she said, “I actually have presents in the cupboard wrapped that I have not given.”

Many of us do not exercise the muscle of gratitude and acknowledgement to our own successes, let alone those of others.

I would like to take time to thank some people now.

Breakout Wednesday GroupThank you for the generosity of respect and support that you offer at our monthly meetings, not to mention the breakthroughs and insights that come from such an intelligent, humorous bunch of business ladies - the laughing definitely breathes life back into me each time.

The RBA BoardThe Board brings a smile to my face as I write this. Where else would you find such an intelligent diverse intentional group of individuals who are willing to give their time freely to make a difference to the community that we call RBA? A wealth of knowledge respect coupled with the RBA team who continue to move forward for the benefit of all.

GiboFinally to our CEO and Past Chair Bob Mackie. Thank you for offering me this opportunity when it was hidden from my view. What a great combination you both are and continue to be. Together you have shown me a leadership of integrity, humility and gentleness.

I will leave you with this further quote:

“A person who never made a mistake never tried anything new”Albert Einstein

Michelle Maitland, RBA Chair, Managing Director George Walkers Office Furniture Megastore

I was privileged recently to attend the Auckland Father’s breakfast appropriately held a couple of days after Father’s Day. Where once upon a time when it was more appropriately titled the Auckland Mayoral Father’s breakfast and 900 to 1,000 fathers attended, on this occasion without the mayoral tag only 500 good fathers were in attendance. It sort of had me thinking about the residual effect that the “Len Brown” scenario had on our city and wondering why he simply didn’t walk away. And wondering why more of our fatherly figures haven’t sought this answer as well.

Closer to home however are the frightening statistics around fatherless kids in Auckland City. You will be horrified, as I was, to learn that the world’s most liveable city has the highest percentage of fatherless kids of any city in the OECD.

Judge Andrew Beecroft, former Youth Court judge and now Children’s Commissioner (and I might say a very highly polished entertaining presenter), added more insult and misery to our pedigree with the unwanted stats around Fatherless homes - with the provision of info that 70% of all youth who appeared before him in the Youth Court were from homes without fathers!

And to complete the trifecta of social incompetence that exists, is the announcement this week from the Government on the overdue legislative changes on family violence. Some of these will unmask the ability previously held to distort the stats whereby family violence crimes have been detailed under the common assault category. Welcome to a Minister who is prepared to make the tough calls on this scary part of our society.

In consuming all of this negativity one finds oneself struggling to find what makes a good father. Today there are so many varieties: ie “Once upon a time” a father was the family father/leader for the duration; today transitional fathers from blended families have additional challenges to absorb, mothers/females are becoming the more dominant workforce component. The men’s and father’s approach to fatherhood will change. We see it every day where young fathers are caring for children, or wheeling the stroller while mothers take a well-earned break.

It was interesting listening to the variety of the six speakers and realising that not one of them had a tool box on how to become a good father. Now as a proud grandfather and father I identify with these thoughts: “There are no perfect fathers; you need to make a conscious choice to be a better Dad.” Good fatherhood requires effort, affirmation, resilience. In times of stress, looming failure. It’s the PUTTING RIGHT THAT COUNTS!

In summary, if the going gets real tough I leave you all with this online beauty from Winston Churchill: “Success is going from failure to failure without giving up.”

To me, that’s the essence of good fatherhood and motherhood - never give up.

Mike Gibson, RBA CEO, Mobile 027 294 0551

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www.rosebankbusiness.co.nzISSUE 1204

9

CONTENTS

IN THIS ISSUE

3 FROM THE TOP

Chairperson, Michelle Maitland

CEO, Mike Gibson

6 ROSEBANK NEWS

12 Ruby’s Roundup

13 Rob Croot - Autex Industries Ltd

15 RBA member profiles

17 Business Awards

19 The Pathways to the Future Trust 2016 Nomination form

27 Whau Badge

23 BUSINESS NUTS & BOLTS

23 A win for the employer - Employee v Contractor

24 Are you making the best financial decisions?

25 Passing on the Baton to Family

26 Buying a Business

With thanks to our sponsors ...

The Rosebank Roundabout is published by the Rosebank Business Association Inc. 3000 copies are distributed free to approximately 1200+ businesses in the Rosebank and Central Park business districts. Editorial included in this publication reflects the opinions of the contributing authors and does not necessarily represent the views of the RBA and CPBA.

www.rosebankbusiness.co.nzwww.facebook.com/rosebankbusiness

EDITORIAL AND

ADVERTISING ENQUIRIES:

Phil Clode, Sales ManagerMobile: 027 448 7009E: [email protected]

ROSEBANK BUSINESS ASSOCIATION

Unit C, level 1/485 Rosebank Rd, Rosebank. PO Box 151190, New Lynn, 0640, AucklandPhone: 09 820 0551E: [email protected]

13

16Cover: Rob Croot, Managing Director - Autex Industries Ltd

Here to Help!

Page 5: Rob Croot - Rosebank Business Association...make a conscious choice to be a better Dad.” Good fatherhood requires effort, affirmation, resilience. In times of stress, looming failure

www.rosebankbusiness.co.nz 5ISSUE 120

HIS HIS BUSINESS BUSINESS APP INGREDIENT:

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Talk to us at Spark’s Waitakere Business Hub about putting your business online with Web Builder, and watch Richard’s story to see how easy it can be.

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www.rosebankbusiness.co.nzISSUE 1206

ROSEBANK NEWS

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OCTOBER 20th2015/16 Annual General Meeting

WHEN Thursday, 20th October 2016 5pm onwards

WHERE Westend Rowing Club 26 Saunders Place, Rosebank

NOVEMBER 29thRBA/CPBA Member Hosting,

Courtesy of The Trusts Arena

To RSVP to the above events or for more information, please contact RBA Phone 820 0551 or email: [email protected]

New to the RBA team

Pip Randall - Support Manager

The RBA recently welcomed Pip Randall to the team. She describes herself as “an innovative, resourceful, hard-working and highly motivated individual with excellent interpersonal skills and the ability to communicate concisely at all levels. My passion and expertise are building and maintaining professional relationships with both external and internal people.”

Pip flourishes in a working environment where the mission involves maximising excellent employee relations and superior personal and group performance through internal consulting, one that fosters a work environment that attracts and inspires excellence in people, an environment of employee empowerment, equality and involvement in the business and surrounding community. Values of employee/client/customer orientation, continuous improvement and teamwork.

Welcome, Pip.M: 027 397 1577, E: [email protected]

Julie Stevens - Business Development Manager

She will be responsible for managing the membership for the RBA.

Julie will be well known to many of you from the management of the West Auckland Business awards at ATEED and latterly at Unitec in a Business Engagement Role.

In Julie’s own words:“What I am known for is can be summed

up as: Creating an idea and taking action, adding the ingredients of passion and belief with a load of making it happen. In a constantly changing business environment I can continually evolve the picture on the canvas and adapt to new thinking and opportunities that come my way. Success for me is delighted customers, business partners and stakeholders who have gained value. I have worked in the West Auckland business community for the last seven years and am very excited to be continuing my relation with a community that I enjoy working with.”

Welcome to the team, Julie.M: 021 940 664, E: [email protected]

WHEN Thursday, 29th November 2016 5pm onwards

WHERE The Trusts Arena, 65 - 67 Central Park Drive, Henderson

Each member business has two complimentary tickets - please bring someone with you!

DECEMBER 8thRBA/CPBA Christmas Party

Courtesy of South Pacific Pictures

WHEN Thursday, 8th December 2016 5pm onwards

WHERE 8 Tolich Place, Henderson

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www.rosebankbusiness.co.nz 7ISSUE 120

ROSEBANK NEWS

LET’S GET YOU SORTEDIt’s pretty simple really. We help people make the best decisions for their business. We do it every day. We LOVE it!

We have specialists that can help with:

• Accounting and business advisory services • Estate planning & trustee services • Commercial & personal insurance • Business lending • Residential mortgages • Kiwisaver advice

Come in for a coffee and a free review of your business and accounting needs. We’re just around the corner at 511 Rosebank Road.

0800 700 699www.havenadvisers.co.nz

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www.rosebankbusiness.co.nzISSUE 1208

ROSEBANK NEWS

The judging line up included Mike Gibson RBA, Deputy Mayor Penny Hulse, Andrea Rainsford BNZ, and Scott Peters Certus Solutions. The objective of this competition was to see if the students had what it takes to “Stand out in a crowd” and to provide them with an opportunity to practise in a pressured situation the ability to present themselves to an industry panel. This signifies Unitec’s commitment in working in partnership with their business community to create opportunities for businesses to grow with the involvement of students.

“Yes, for one who also had to think on his feet in helping to establish his own commercial career entry into the workforce many years ago, then it was who you knew not what you knew. This experience, performance, courage and quality of the 10 students was illuminating for me and brought back memories of my own communications hiccup,” said Mike Gibson, sharing his experiences of judging The Voice.

The calibre of students presenting their pitches was outstanding - they have a great future ahead of them. Huge congratulations to Gaurav Juneja - winner of the The Voice Unitec 2016.

So why not get us on board?Ordering is easy.Simply go to our website

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Vale Sir Graeme DouglasIt is with much sadness that we acknowledge the passing of Sir Graeme Douglas on 2 September. His formidable company started in a Te Atatu chemist shop and is just shy of 50 years in business - Douglas Pharmaceuticals is one of the top New Zealand export earners.

Sir Graeme has also been a hugely generous philanthropist in the West and greater Auckland via, among others, The Douglas Track and Field, Stadium support, as well as every West business event over many years. His leadership and valuable contribution to our business community will be greatly missed.

Our thoughts and deepest sympathies go to Lady Ngaire and his sons Jeff and Richard.

The Voice UnitecMike Gibson, RBA CEO, had the privilege of being involved in “The Voice” at Unitec last week. He saw 10 Unitec Business students deliver their “90 second pitches” to explain what value they can bring to a prospective employer.

In the style of The Voice TV programme, the judges had their backs to the students and only rotated their chairs if they liked what was presented to them.

Avondale College First XVThe 2016 season was a vast improvement on last year for the Avondale College First XV rugby team. Back in May the season began with a historic win over Macleans College, and then several very close losses where games were decided by either a conversion or penalty goal. After missing out on the Championship stage of the season, Avondale College recorded strong wins over Southern Cross, Edgewater and St Pauls College to qualify in third place for the semi-finals of the Plate competition, only to lose to Pakuranga College 22-20 in a classic “game of two halves.” Avondale finished strong with two second half tries and then were camped on the Pakuranga try line for the last 10 minutes of the game, but to their credit Pakuranga held on for the win!

A large portion of the squad will be returning for the 2017 season, so the team looks forward to learning more valuable lessons in our journey towards winning a title. Once again the team, coaches, parents, supporters and management would like to acknowledge the fantastic sponsorship from the RBA.

Sir Graeme Douglas receives a gift from Sir Bob Harvey at the recent West Auckland Business Hall of Fame Awards The Voice Unitec Judges with winner Gaurav Juneja

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ROSEBANK NEWS

RBA Hosting August - The TrustsThe new look Hangar hosted last month’s RBA and CPBA network evening. Claire Honeycombe - Conference and Events Sales Manager did a fantastic job at coordinating her team for the event, which was seamless from guests’ arrival through to the evening end. CEO The Trusts - Simon Wickham addressed the guests explaining The Trusts vision for the West Auckland community, the

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inspiration for a new look and cleared up some myths creating good humour amoungst the crowd. If you need to plan an event the upstairs bar caters for groups up to 120 and they have a conference room, equipped with the latest technology to meet your business requirements. Touch base with Claire by email [email protected] or mb 027 299 5103.

Jennifer Edwards, Nikki Wilson, Glass Systems and Carmen Franich, Smith & Partners,

Simon Wickham recieves the thankyou plaque. Craig Bodmin, RBA Patron

Johanna Verhijen, First Training and Karen Hague, Bromleywear

Robert Erskine, Insight CA, Andrew Bradley, HiFX and Nick Thompson, BNZ

Host Simon Wickham, The Trusts and Jeff Douglas, Douglas Pharmaceuticals

Sam Swann, BNZ, Paul McGrath and Gus Gilmour, Parts on Demand

Jack Weir, previous RBA Chair , RBA Patron Craig Bodmin and Nigel Cattell, Glass Systems

Garry Bates, CPBA, Councilor Ross Clow, Councilor Linda Cooper, Simon Wickham, The Trusts CEO, Mike Gibson, RBA CEO

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www.rosebankbusiness.co.nzISSUE 12010

ROSEBANK NEWS

Local Rosebank Business, Greenbox Storage Wins “Best Innovation Award” in the Australasia SSA Awards

New Zealand owned and operated company, Greenbox Self-Storage, has beaten tough competition and won the Innovation Award at the Australasian Self-Storage Association Awards in Melbourne.

Greenbox was also a Finalist in the New Entrant of the Year category. The Awards are run by the Self Storage Association of Australasia which was formed in 1990 and now represents over 1400 members across Australia, New Zealand and Asia.

Greenbox CEO and Founder, Raymond Dobbe, says the company has helped turn the idea of traditional self-storage buildings in New Zealand “on its head” as Greenbox eliminates the need for rushed packing or renting an expensive van, truck or removal company.

With its “Green Machine”, Greenbox takes a large storage unit to a customer’s home, reverses the unit up their drive where it is safe and secure and provides each customer with up to seven days to load their house, or part of it, into the unit.

Portable self storage is not a new concept, but with the help of Greenbox’s Green Machine, Raymond says he is confident it is now a safer and more convenient option “than anything else in the marketplace.”

The Greenmachine with its very different “u shaped” chassis and “in front” suspension design was an idea conceived by Raymond after he saw many different portable concepts in the USA and a couple on a smaller scale here in New Zealand.

“Competing with similar offerings was just going to create a price war. I had viewed the limited, self-storage options around the world and thought there had to be a better way - surely people should not have to walk up and down driveways carrying heavy boxes and furniture, then load them on a busy roadside where cars rush by and opportunists lurk? So I thought about a fork hoist that could comfortably drive on

the road and manoeuvre a water-tight but breathable storage box all the way up the drive to where it is safe from opportunists.”

However, while the concept seemed simple in theory it was a painstaking process to produce the final product and obtain certification for the road so it could tow a trailer with two additional “Greenboxes” as well.

“We designed it from scratch and then made modifications so New Zealand Transport was happy to certify our creation for the road. It took a few refinements along the way and a while to find an enthusiastic Certifying Engineer who understood our vision - but we got there. We now have a fork hoist which is road registered and does 100kph!

“Our vehicle is unique and provides us with a huge competitive advantage in the New Zealand self-storage market. The Greenbox Storage Co is perfect for people who want more versatility when de-cluttering or storing their home,” adds Raymond.

For further information please contact:Raymond Dobbe, 0274 322 282 orE: [email protected]

Thalia Evans and Raymond Dobbe receive the award

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www.rosebankbusiness.co.nzISSUE 12012

ROSEBANK NEWS

RUBY’S ROUNDUP

Exciting times

Ruby Manukia-SchaumkelBA, LLB, LLM (Hons)Whau Local Board Member

Avondale Advance - New Housing Developments in AvondaleRegeneration in the Avondale town centre is speeding up with two new housing developments - one in Trent Street and the other in Racecourse Parade. Both are in special housing areas (SHAs), designed to fast-track development and include affordable housing.

In Trent Street, the New Zealand Housing Foundation is also working on a 33 home development which began as a collaboration with then Auckland Council Property Limited.

Trent Street will provide a range of housing types, matched to current shortages, including three, four and five bedroom houses. They will be a mix of New Zealand Housing Foundation affordable equity and affordable rental, with 12 to be sold privately.

About 800 metres away in Racecourse Parade, Ockham Residential is building up to 72 homes that will continue to regenerate the town centre.

Panuku Development Auckland and its precursor (Auckland Council Property Limited) oversaw the sales process and brought the site to market.

Avondale is designated a priority area for regeneration and this well designed medium to high density housing will help meet local needs and trigger further regeneration. It will align with community aspirations outlined in both the Auckland Plan and the Whau Local Board Plan.

The development is expected to be completed by late 2017.

Rails, Wheels and Feet - Whau River Bridge Concept A new rail corridor shared path between Avondale and New Lynn will offer a great way to walk and cycle our western neighbourhoods.

Following a safe and tranquil green corridor in the heart of suburbia and not very far from busy roads, the new path will link the New Lynn and Avondale rail stations and town centres. You’ll be able to use the path as the new electric trains go gliding quietly past every few minutes.

Auckland Transport is planning to build the shared path (combined walk and cycle path) using the rail corridor for almost the whole distance.

The new path will link the New Lynn train station with the Trent Street/Blockhouse Bay Road/Rosebank Road intersection in Avondale. It will link to other walking and cycling paths at both the Avondale and New Lynn ends.

At New Lynn, the path starts at the Rankin Avenue/Clark Street intersection (opposite the station) and then follows the road for several hundred metres before entering the rail corridor near Totara Avenue.

It re-emerges to cross Portage Road and then the Whau River on a new bridge that will be built alongside the existing rail bridge. The new bridge is being funded by the Whau Local Board.

A short length of the 2.9 kilometre long path leaves the rail corridor and traverses Chalmers Reserve.

A link in Auckland’s city-wide network, locally the path will connect with the Waterview Shared Path (now being built) and the Te Whau Pathway, which will eventually connect the Manukau and Waitematā harbours, from Green Bay Beach to Te Atatū Peninsula.

For the bridge, iwi and the Māori artist who is developing the designs, have selected cultural imagery associated with the area. The designs reflect the area’s history of waka building and as a portage route between the two harbours.

These images will be cut out of metal screens that will shield the railway bridge from the new shared-path bridge, and on the balustrades of the handrails. The ends of two of the crossbeams on which the bridge rests will extend out from the bridge in the form of stylised waka prows.

The story of the portage will be complemented by interpretive signage.

Work on the path is planned to begin at the start of next year.

Nga Mihi, Best wishes, Ruby Manukia-Schaumkel

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www.rosebankbusiness.co.nz 13ISSUE 120

AUTEX PROFILE

3 locations

0800 KAAR FIX5 2 2 7 3 4357 Rosebank Road

Avondale5B Waipareira Ave Henderson

14 Te Pai Place, Henderson

LEASE & FLEET VEHICLE SERVICING SPECIALISTS

Roundabout interviewed Rob Croot, Managing Director Autex Industries about the company’s direction.

Rob was appointed Managing Director in 2014, prior to which he was the National Sales and Marketing Manager. He has been with the company for 16 years and is a very approachable and down to earth family man. Rob’s strong family values are very much mirrored in the culture of the business. “This is a family business where everyone is treated like family; we care about each other, we work for each other and together we make it happen. People make our business. Great products and opportunities come from great people who are dedicated and constantly step beyond their boundaries. To enable this to happen you have to back your people to make mistakes, as if they are not making mistakes they are not pushing the boundaries to try new things,” says Rob. This practice has seen them evolve into an innovative and

dynamic business with sights set on the global markets.

Autex Industries Ltd is one of the original companies that set up their operations in Rosebank back when the area was predominantly market gardens. They are an innovative NZ based manufacturer and product development business specialising in the manufacture of sustainable thermal and acoustic textiles for the construction industry. They are proud to have developed a diverse range of carpets, insulation and acoustic products to help create better and more sustainable built environments. Having been a family owned NZ business since 1967 and next year look forward to celebrating their 50th anniversary, Autex has had manufacturing plants around Australia since the 1990s. Products are distributed through 25 other countries: carpeting and insulating schools, hospitals, offices and homes.

GreenStuf®, is a great example of their innovation; it is a product made from 100% pure polyester and is the best solution on the market for high performing, safe and environmentally-friendly insulation. Autex have also developed an ever-expanding range of innovative interior acoustic solutions for controlliing noise inside buildings, and their products are on the office walls and ceilings of some of the biggest brands in the world.

We asked Rob about the future direction for Autex. “Our focus is on specific markets to grow our exports,” he told us. Two years ago they set up operations in the UK and in the last 12 months in North America, and have appointed a Market Manager in South East Asia. They have already successfully expanded into Australia with an Australian voice (while remaining in New Zealand with a Kiwi voice). It is very exciting times for the

A Local New Zealand Business Making Global Inroads

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www.rosebankbusiness.co.nzISSUE 12014

The network for doing business

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AUTEX PROFILE

Can you help us?

The aim of Just Because is to present two Pamper Packs per week to women experiencing challenging times within the greater Auckland area.

A Just Because Pamper Pack is a beautifully presented gift pack

designed to spoil a woman experiencing difficult times and in need of pampering. It comprises a combination of beauty products, vouchers, decadent food and other items designed to bring joy to the face of a woman.

Just Because Pamper Packs are for women struggling through a difficult time. This could include new mothers with

no support, women suffering depression, isolation, marital problems, a woman in need of thanks who does so much for others, or simply women in need of something special during difficult times in their lives.

We are currently in need of donations of products or services, plus women to be nominated for our packs. All nominations are confidential.

Thank you to Rosebank Business Association and the ladies from Breakout Wednesday for all their support and assistance. Without sponsors and community support we would be unable to provide pamper packs to women experiencing challenging times.

For more information or a nomination form contact Karen Hewitt, [email protected], www.justbecause.nz

business but their NZ operation is still very much the base for their manufacturing. This may change in the future if they are unable to meet the demands of their overseas markets.

Innovation remains the heart of Autex and it is what will keep them at the forefront of the industry. “We have the kind of people in our business who thrive on finding better, faster more intelligent ways of doing things. If we can solve a problem, improve on an existing product, create a new market, or meet a specific customer need - we’ll find a way to design and manufacture it,” explains Rob.

When asked, Rob thinks about what drives him to do what he does. Simply put: “Passion for the business and what we have created. I love what we do and I love that we’re always pushing the boundaries and looking over the horizon. I could win lotto tomorrow and I still will be here,” he explains.

AUTEX Rosebank site nowAUTEX Rosebank site 1970’s

Te Awamutu Library

Autex Industries Ltd, 702 -718 Rosebank Road, www.autex.co.nz

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MEMBER PROFILES

Renold New Zealand is all about Quality, Reliability and Availability

The Renold name has been associated with industry since 1879, when Hans Renold designed the first roller chain. The company he formed now designs and manufactures a wide range of high quality precision engineered mechanical power transmission and chain products.

Renold New Zealand are a wholly owned subsidiary of Renold PLC which is listed on the London Stock Exchange. It is one of the world’s largest suppliers of mechanical power transmission and chain products with 15 factories in 7 countries, operations in 17 countries and distributors in over 70 countries.

In New Zealand, Renold products have been available since 1922 and Renold now has branches in Rosebank Road, Auckland and Christchurch, and an extensive network of distributors throughout the country.

Over the years, in response to customer demand, Renold New Zealand have expanded their product ranges to include hydraulics, welded steel timber mill chains, fork truck chains, roll-ring chain tensioners, large helical and bevel/helical gearboxes and disc brakes. The Auckland factory has developed into a specialist bespoke manufacturer, supporting the sales organisation by manufacturing short lead time special sprockets, conveyor frames to our customer design as well as industrial gearbox service and repair.

Allan Grigor, the NZ General Manager, reflects on his journey with the business over 14 years. He held the positions of sales engineer and sales manager before stepping into the role as general manager. “Our reputation has been built on quality and technical innovation. We are global leaders and, as the

manufacturer of our products, our NZ business is the direct representative of our factories.”

They have a team of 19 located in Rosebank and have a total of 2,300 staff worldwide. We asked Allan about the future directions for the business. “We are focussed on our STEP 2020 strategic plan to revolutionise the business - to be delivered by 2020.”

1. Restructuring - Improve business systems and efficiencies2. Organic Growth - through better business practices, improved service and product development3. Expansion through Acquisition

Exclusive Panel & Paint535 Rosebank Rd, AvondalePh 820 5022, Fax 820 5021

[email protected]

Keys to their success are “We have high specification solution products that offer optimum reliability and performance for difficult and critical applications. These often provide cost benefits many times the initial cost of the chain to the customer. The research and development that Renold has undertaken to provide a new generation of Renold Synergy Transmission Chains and the innovative engineering solutions for their customers that keeps them at the forefront of the Industry. We also have general industrial chains and economy chains, all manufactured by Renold, for more general applications, so cover all segments of the market in-house.”

“Because we are a technical business there was the perception we are only involved in high end specialist engineering. We needed simplification! So by figuring out our business, our strengths and on how we can benefit our customers - we improved our focus and took this to the market.”

Renold NZ Ltd 594 Rosebank Rd, Rosebank

www.renold.co.nz

Renold New Zealand’s front of office crew

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MEMBER PROFILES

Joseph Rakich Fitness

(JRF - Your Online Personal Trainer) are celebrating making it as finalists in the Westpac Auckland Business Awards 2016 - West.

Josef Rakich is a customised online personal training programme based on information you provide on your daily activity levels, food preferences, and personal goals. Josef Rakich offers all of the benefits of a personal trainer without the expensive hourly rate, and his unique brand of online personal training has inspired millions of men and women to reach their fitness goals.

John Franich, the General Manager, reflects on their journey from 2011 with the business concept to their company being incorporated in 2013. They have grown to a team of eight and moved into Rosebank in 2014. We asked John what are the keys to their success. “We are very good at online marketing which has attributed to our 90% international customer base. Our Facebook page is in the top 10 in New Zealand for the number of followers. We stick to our target market, specialising in fitness, nutrition and general wellbeing.”

Proof of their success has seen them making finalists in the Best Emerging Business, International Trade and Marketing categories in this year’s Westpac Auckland Business Awards 2016 - West.

JFR 597 Rosebank Rd, Rosebank

www.facebook.com/JosefRakichFitness

www.josefrakichfitness.com

653 Rosebank Road, Phone: 838 9058

www.bestblooms.co.nz

Trusted local Rosebank FloristTop Shop Award WinnerDeliveries Auckland wide

100% Guaranteed

Invoice or Credit Card payments.

Order online, by phone or in store.

Need to send Flowers on behalf of Work?

Lightex

New to the Rosebank Business Association, Lightex is a total solution LED supplier specializing in quality energy efficient LED lighting for retail, commercial, industrial and residential projects.

Focusing on providing a unique and personalised service for every client they work with, the team at Lightex listen in order to find the right solution for your

project requirements, providing samples and case studies and cost savings assessments so the benefits of choosing LED over traditional lighting are clear.

Lightex have enjoyed working closely on another recent project with Walker Mitchell Architects this time teaming up on an exciting new café in the local Rosebank area. Carlos Cumberbatch & Jono Clarke had a location and vision in mind to create a premium eatery in Rosebank bringing elegance and sophistication together through speciality dishes within a sleek contemporary interior.

The Rosebank Kitchen opened its doors in August 2016 and was met with great praise from all the local businesses and residents.

Warm natural light floods into the cafe and sets off the polished concrete floors and American oak details. Feature track lighting brings in the sense of daylight to areas where the natural light was absent,

primarily in front and behind the servery adding to the warehouse feel of the space. Suspended at the height of 4m Lightex track lights are a purposeful contrast to the mix of glass, marble counters, concrete backdrop and shaded pendants throughout the dining area.

Rosebank Kitchen joint owner, Carlos says “Lightex were easy to work with, always available to answer any of our questions and even came to the site to give clear instructions to our electrical contractors before installation. We would happily recommend Lightex to anyone thinking about LED lighting for their next project”.

The Lightex team would love to help RBA members investigate the possible cost savings for their businesses and are offering free site assessments for the month of October.

Call Natasha or Kathryn on 09 391 6568 or email [email protected]

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Rosebank businesses dominate award finalists

The Westpac Auckland Business Awards 2016 - West are in full swing for businesses entering and which are looking to profile their achievements and learn from benchmarking themselves against other local businesses. This year Rosebank Business Association, along with the West Auckland Business Club, is a proud sponsor of the Employer of the Year category.

With the recent announcement of the finalists it was exciting to see our local Rosebank businesses make it as finalists.

MYHR - Making HR Easy are finalists in Best Emerging Business, Innovation and the Employer of the Year categories. They have a team of six staff, who provide online and personal HR support to 600 business clients. They have 8,000 employees in their system for whom they are responsible for their HR requirements.

Jason has been always a strong advocate of the business awards process as he sees this as a great way to gain external recognition and having the external judges looking at your business. “You also get to meet some great businesses.”

Spike is a digital agency specialising in email marketing and monetising databases for businesses. This year Spike are finalists in the Excellence in Marketing Category. Just as their t-shirts say, Spike is “Sending email with a purpose” and “Nailing it since 2004”. Their team of seven are in the business of building databases to communicate to with email and Facebook. Spike also use their experienced in house Data Scientists, Email Coders and Designers to grow databases and extract value.

Glenn Edley, founder and business owner, believes the key to

ROSEBANK NEWS

Jason Ennor, business owner and founder believes their keys to success are:

• Very clever software that they have built having flexibility to change to meet their customers’ needs.• Innovative way of delivering HR solutions online with the combination of personalised support.• Totally focussed on quality at all times.• That they don’t get away with being “Average” is engrained in their business culture.• They do not lock their customers into fixed term contracts which means they have to deliver. Evidence of their success is their 99% client retention rate.

their success is “Consistency which leads to Trust then Loyalty, which leads to People talking about you.” Glenn believes in creating cool stories and moments for your business so people start talking. His motto is, “Quality isn’t job one; being totally amazing is job one.”

Spike were nominated by Jason Ennor of MYHR and have enjoyed meeting the other business finalists. Glenn has put a challenge to himself to get to know the other businesses in the Rosebank area and find out what they do. Expect a call or a quick chat at an RBA meeting soon.

The newly branded Westie Food Group formerly The Natural

Business Shirts • Ties Casual Shirts • Polo Knit

Shirts • Jackets • Trousers Shorts • Pyjamas

• Men’s & Women’s Robes - Well-known labels

Harbourside Business Park,481 Rosebank Rd

(Down the driveway) Open 10am to 4pm Monday to Friday

SUMMIT OUTLET STORE

MYHR staff - Sylvie Thrush Marsh, Ashleigh King and Tristan Mulgrew Glenn Edley, Spike owner and his team.

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OUR SERVICES: • Latest technology using latest laser, Cad Cam technology • Crowns and veneers • Orthodontic treatment • Cosmetic

dentistry restoration of broken teeth and mouths • Bridges • IV sedation for nervous patients • Implants-crowns • Preventative

Dentistry • Take home bleaching • Dental Hygiene • Jaw problems • Oral surgery • Partial and Full Dentures

Dr Sinan Najar BDS. NZDREXDr David Crum BDS

Family and Cosmetic Dentistry, Orthodontics and Dental Implants

Priyanka Sharma BOH, BScDental Hygienist

Avondale Dental Centre, 72 Rosebank Road, Avondale

Phone: 09 828 7484 Email: [email protected]

Website: www.avondale-dental-centre.co.nz

AVONDALED E N T A L C E N T R E

AVONDALED E N T A L C E N T R E

Freephone 0800 4WORLD – 0800 [email protected]

ACROSS TOWN • NATIONWIDE • WORLDWIDE

Food Company (2001) Ltd - “The fresh food Innovators” are finalists in Innovation, Marketing and Strategy and Planning categories. Their team of 65 employees and 65 contractors nationwide continually punch above their weight. Keeping it simple is their practice. “Simple food made well is best” and their purpose is to provide affordable meal solutions to New Zealanders.

They are the fastest growing pie brand in NZ - proof of their success has seen them grow from number four to now the number two supplier in the retail market for pies. Their vision is to be number one.

Stefan Crooks, business founder and owner, is a force to be reckoned with himself and attributes their success to “We think about it, We plan it and then we do it!”

Westie Food Group was nominated by the RBA and Stefan saw entering the awards as a great way to acknowledge his team for their contribution to the business.

Josef Rakich Fitness - Online Personal Trainers are finalists in the Best Emerging Business, International Trade and Marketing categories. They have seen

ROSEBANK NEWS

entering the awards as an opportunity to look at the business to see what is working and what is not working. John Franich, General Manager says, “It was also great to meet the other finalists and we are already doing business with one of them.” You can read more about their business journey in their profile featured in this publication.

We wish all Finalists well in the next stage of the judging process which will determine who will reign as category and Supreme Business award winners, to be announced at the awards gala dinner on 27 October.

Digital Laser Copy & Print, Black & White and Colour,

Binding, Laminating, Digital Plan Printing &

Scanning and More…

436 Rosebank Road, Avondale Phone 828 6387

email: [email protected] localist.st/l/kiwicopy

Westie Food Group’s Stefan Crooks (Centre) and his front of office team. The Crew from Josef Rakich Fitness

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PATHWAYSTOTHEFLJTURETRUST inspiring excellence, creating opportunities

Nominations now open for the Pathways to the Future Trust Awards Do you have a young go-getter in your workplace?

An employee you’d like to reward for her or his contribution to the team?

The Trust’s objectives are:• To encourage pride of workmanship in all industries and vocations.• To provide employers with the opportunity to recognise employees who display the qualities worthy of recognition and the award.• To encourage favourable employer/employee relationships and a sense of community pride in individual achievements.

Recognise your staff today

Nominations close 20th October 2016

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NOMINATION FORM 2016

PATHWAYSTOTHEFLJTURETRUST inspiring excellence, creating opportunities

Please submit a brief statement on a separate sheet explaining why you believe the candidate is worthy of receiving a Pathways to the Future Trust Award. Please cover the following points in not more than 100 words:

1. Why do you consider your nominee to be a great employee worthy of this award? Please provide examples of how the employee has helped contribute to the success of your business.

2. How could this award be used to further develop the employee’s skills and his or her contribution to your business?

3. Is there anything else you or your employee would like to add that could help the selection committee make their decision?

Name of Employee ......................................................................................................................................... Age ...................

What is the employee’s role in your business? ............................................................................................................................

Briefly describe what theaward funds will support? .....................................................................................................................

...................................................................................................................................................................................................Examples may include contributions to vocational courses, text books, tools, etc.

Name of Business ......................................................................................................................................................................

Type of Business ........................................................................................................................................................................

Street Address ...........................................................................................................................................................................

Postal Address ...........................................................................................................................................................................

Name of person making nomination ...........................................................................................................................................

Position held ..............................................................................................................................................................................

Phone .....................................................................................................Mobile ........................................................................

Email ..........................................................................................................................................................................................

To be completed by the nominating business.

Nominations close: 20th October, 2016Nominations should be posted to: Pathways to the Future Trust, PO Box 151190, New Lynn For further information, criteria, terms and conditions contact:

Pip Randall on phone 820 0551 mobile: 027 397 1577, email: [email protected]

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TERMS & CONDITIONS OF ENTRY

1. Applications will be considered from nominees up to the age of 30 at the time of application, and beyond this age at the discretion of the Pathways Trust.

2. Just one application may be made per business. Applications welcomed from more than one franchise where each franchise is set up as a separate businesses. Where a company might have branches, applications from varying branches will be accepted at the discretion of the Pathways Trust.

3. Accepted applicants will be required to attend an interview as part of the judging procedure.

4. The nominee must be an employee and not a contractor.

5. The nominee may be working full time or part time but in the case of the latter, not less than 20 hours per week.

6. The nominee must have been working for the nominating company for a minimum of 12 months prior to the application being made.

7. Nominees must be either New Zealand Citizens or Permanent Residents.

8. Nominees must work in West Auckland within the boundaries of the map provided.

9. Awards are typically within the value range of $500 to $3,000 according to the discretion of the Pathways Trust.

10. Award applications may be made for contributions to vocational courses, text books or tools of trade, etc. Appropriateness of the application will be made at the Judges’ discretion on a case by case basis.

11. All or part of the costs applied for may be awarded.

12. Awarded costs will be paid directly to the supplier. Upon receipt of the award, costs may be reimbursed upon delivery of receipts.

13. Awards are non-transferable.

14. Awards will be returned to the Pathways to the Future Trust if not claimed within 12 months. Extension beyond this period may be made at the discretion of the judges.

15. Awards to be utilised while in the employ of the nominating business.

16. There is no obligation for the Judges to make awards in any particular year.

17. No responsibility for loss or misdirection of entries will be accepted.

18. Details of applications remain confidential and are viewed only by Pathways to the Future Trust representatives and Judges. All material provided will be destroyed within 3 months after judging.

19. The Judges’ decision is final and no discussion will be entered into.

25 August 2016

PATHWAYSTOTHEFLJTURETRUST inspiring excellence, creating opportunities

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• you’re NOT insured and you know you should be;• you want to make sure your present policies are right for you;• you want to discuss the range of protection packages

that modern business executives should have;• you want straight forward advice and down to earth

recommendations, then give Bernie a call.

We’re big on lifeBernie McCrea loves life. His own, of course. But he’s also passionate about his job of putting together life insurance packages that help people protect what matters most to them; namely the wellbeing of them, their families and loved ones.

Bernie’s knowledge and experience in the field of life is second to none. He delivers solutions that clients - from businesses to individuals - can bank on. Plus, more importantly, can afford.

He’s a proud sponsor of the Rosebank Business Association and offers a "street savvy" approach to developing and driving business relationships that people value and trust.

As part of the IC Frith network - established in 1983 and with offices around New Zealand and around the world - Bernie can take advantage of the buying power of a major insurance group that benefits his clients.

If:Bernard McCreaDipPFP DipBank DipBA SFFINGeneral Manager Life and HealthTel: 09 820 9710Fax: 09 820 9720Mob: 027486 [email protected]

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BUSINESS NUTS & BOLTS

A case brought before the Employment Relations Authority (Authority) requested a determination as to whether Mr and Mrs S (Mr/Mrs S) were employees or independent contractors. Their work was terminated, and as they claimed to be employees, they brought a claim for unjustifiable dismissal.

The company was in business as a building, painting and decoration service. Mr/Mrs S started work on 19 August 2015, finishing in November 2015.

In the recent determination, the Authority considered the following tests:

Intention of the parties: Mr/Mrs S applied for a job as plasterers. The MD of the company met with them and explained the nature of the engagement, the applicable rate of pay and that payment would be on the production of an invoice. The offer was for $35 per hour plus the use of a van. There was no written document that recorded the intentions of the parties.

Mr/Mrs S told him that they were happy to sub-contract as they were planning to set up their own plastering company. The following month Mr S registered a trading company name.

The Authority found that overall the intention was that of a contracting relationship.

The control test: The extent to which the actions of Mr/Mrs S were controlled by the company.

The company acknowledged that a van and running costs were provided on a temporary basis as Mr/Mrs S did not have a suitable vehicle to start with. They provided their own tools and some equipment. One piece of heavy equipment and materials were supplied by the company - these factors indicative of an employment relationship.

A win for the employer - Employee v Contractor

Paddy BattersbyBattersby HR Consulting

The Authority was satisfied that Mr/Mrs S were free to set their own hours of work and they did not charge the company for travel between sites.

The integration test:The extent to which Mr/Mrs S were integrated into the company and integral to the business.

The company provided a full service to clients and engaged sub-contractors and employees. The Authority found that the work could have been done by an employee or a contractor; therefore it was not strongly determinative of Mr/Mrs S’s status one way or the other.

Fundamental test:Examines the extent to which Mr/Mrs S took financial risks in providing their services.

Mr/Mrs S submitted weekly invoices and calculated for a deduction of 20% scheduler tax. Each job was itemised for the company to oncharge their clients.

Other contractors working for the company gave evidence of the ability to work for others as they wished. Mr/Mrs S did not work for others as they had sufficient work from the company.

The Authority found that the fundamental test had elements of both an employment relationship and a contractor relationship.

DeterminationThe Authority considered employees’ pay for plastering work - between $15 - $30 per hour. Mr/Mrs S were engaged at $35 per hour and provided invoices which provided for the deduction of 20% tax. They also provided their own tools including scaffold and intended to start their own company.

The Authority concluded that the relationship was more than likely to be that of an independent contractor and therefore it had no jurisdiction to investigate the claim that Mr/Mrs S were unjustifiably dismissed as employees.

Employers who engage contractors need to ensure the tests above clearly indicate a contractor relationship, and record the intention in writing by way of a Contract for Service.

Paddy Battersby : Battersby HR Consulting

www.battersbyhr.com

09 838 6338 : [email protected]

S t e a d y , H o t & S t r o n g

water heaters tUBULar eLeCtrIC eLeMeNts

Phone: 09 829 0200www.rheem.co.nz

Phone: 09 829 0440www.hermetic.co.nz

RHEEM NZ LTD 475 Rosebank Rd, Avondale, Auckland

LSL404 Hermetic_Compslip.indd 1 9/2/10 9:31:01 AM

P: 09 828 4462

549 Rosebank Rd, Avondale

www.finefinishrosebank.co.nz

COLLISION REPAIR PROFESSIONALS

Guaranteed WorkmanshipCollision Repair Association Structural Repair CentreRecommended Repairers for:Lumley Insurance, Vero Insurance & Zurich InsuranceWe also work with all other Insurance companies on request.

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BUSINESS NUTS & BOLTS

DAYLEServicing anD supporting the Rosebank Communityfor over 38 years.

713 ROSEBANK ROAD, AVONDALE | DAYLEITM.CO.NZ | 09 828 9791 Join Dayle ITM on Facebook to hear the latest and be in to WIN! facebook.com/dayleitm

Are you making the best financial decisions?

Bernard McCrea Registered Financial Adviser, IC FRITH

All your financial decisions should lead you somewhere.

The best answers come from asking the right questions. Bernie McCrea from IC Frith has a few for you to consider.

Insurance rates are currently cheap in comparison to 20 years ago. It is a surprise therefore that more than 50% of people I see don’t have any insurance. The surprising thing is this is the case even when they have partners and children to look after. So if something happened to them then this would put a real burden on the people left behind.

These clients tell me that they find making educated decisions in the world of insurance, mortgages, health cover and even KiwiSaver somewhat overwhelming. So, most decide to do nothing, which is where the problems come in.

There are a number of seemingly ‘cheap and cheerful’ options to consider but my recommendation is always to remember that you get what you pay for. Having a more comprehensive plan that might cost a little more is the best medicine. For example the $9.95 per week health policies that are advertised will surprise you that although they offer you instant claims payments, they don’t cover the big ticket items which is where you are looking for insurance to help with the costs.

The total number of New Zealanders with private health insurance cover stood at 1.3 million as at June 30 this year, up 14,000 on the same time last year. In the June quarter, lives covered rose by 6100.

The other area that you can also start planning for is your KiwiSaver. Again, rather than treating these as a separate

exercise they should be part of your long-term plan.

You may not have realised it but Money Week has just passed. This prompted the Commission for Financial Capability and the Financial Markets Authority to encourage people to take a closer look at their KiwiSaver plans.

The focus was simple. Did people know about the fees they’re paying and also the returns they were getting? The answer was surprising. More than two thirds didn’t know about fees and more than half had no clue how well their funds were performing.

If you think it’s not a big deal understanding the impacts of your fees and returns, you might change your mind when you find out what a difference both could make to the lump sum you end up with when you retire.

More and more people are looking for a ‘one stop’ service to satisfy all their financial planning and protection needs. Convenience is one factor as well as ensuring a coordinated and affordable plan is in place.

We’ve recently expanded our portfolio to offer a comprehensive mortgage service. With all the talk about affordable housing in the media the demand is clearly there to offer competitive products to our customers.

People are interested in rates and also whether to fix or float the mortgage. Ironically at a time when there is so much demand for money at 4/5% dealing with the banks can be a difficult exercise.

Ours is a personal ‘can do’ approach that also takes into consideration all of the other areas that you need to be thinking about.

That includes insurance. Putting so much money into building up an asset without protection could be a disaster if there isn’t some level of protection.

If this is all food for thought then please be in contact.

Bernard McCrea is a Registered Financial Adviser. A disclosure document is available free upon request. Contact [email protected] or mobile 0274 862 501.

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BUSINESS NUTS & BOLTS

Passing on the Baton to Family

Warwick RussellSmetric for RosebankPlus+

Succession is a real concern for many business owners and particularly now with a tsunami of baby boomer business owners coming up to retirement, regardless of whether they sell it or pass it on to family. While owners know it is a business challenge they’ll face at some point and should plan for, we often see a trigger event, such as health or business opportunity driving the change of ownership. In these cases, the outcome may be good, but not necessarily the best outcome that could have been achieved or the best experience for those involved.

The ideas that help in succession are the same as those for a healthy and growing business. Weaknesses in any of these areas limit the growth of the business and make succession difficult to achieve. These areas are:

1. Building a sustainable, profitable business.

2. Strong communication - Having a vision for the business, where individual family members see their role in the future.

3. Creating an environment that allows for open and honest conversations. It can be an emotional roller coaster.

4. Identify an appropriate strategy and develop a plan - Typically, the incoming generation think the parents have muddled along in recent years. A written succession plan

All RBA member companies are invited to a free 1 hour confidential business review with Smetric through the RosebankPlus programme. Whether your company is struggling, or struggling to get the support you need visit abv8.me/4n0 to discover how Smetric can help you, or email: [email protected]

provides the opportunity to involve family and professional advisers, and gives clearly defined goals to measure success.

5. Separate and define the roles of ownership, management and governance

In recent months we have become involved with three family owned businesses where mum and dad are in their early 60’s and children in their 30’s are working in the business. All three businesses were built on the father’s technical expertise and have great products and a loyal following of customers, but mixed financial performances. They have provided the family with a good income but very little dividends. Two of the owners have had major health events and one is physically worn out.

The good news is the children have each been working in the business but have spent time working outside of the family firm. They are all committed to seeing their parents having a decent income in retirement through dividends from the business. They don’t want to end up like their parents with just an income and a lot of hard work in their 50s or wait till their 60s to retire. They understand the concept of having a business as an investment. They want to make a difference and take the business forward, not just muddle through. That means having a plan and training and support in areas outside their expertise, especially sales and marketing and financial management. They also see the value in bringing in experienced non family expertise to modernise/professionalise the business so that the family business legacy can carry on.

These businesses are now working to transition ownership successfully across the generations and their depth of experience and momentum means they will be well-positioned to keep growing and keep being a force for good in the communities they’re part of.

PH 09 828 4084

EMAIL [email protected]

WEB www.lusciouscatering.co.nz

ADDRESS 61-69 Patiki Road,

Avondale 1026, Auckland

FOR THE TIME POOR BUT FOODIE AT HEARTCome to Apocalypse Chow and try our gourmet $10 lunches. Presented as a cold ‘Lunchbox’ or a hot ‘Crew Lunch’, we offer you a selection of healthy food, new everyday and ready to go.

Check our AC Facebook page to find out our daily menu.

GLUTEN FREE AND VEGAN OPTIONS ALWAYS AVAILABLE.FREE RANGE MEATS ONLY.

SERVING ALLPRESS COFFEE FROM 7.30AM UNTIL 2.30PM. PATIKI ROAD

ROSEBANK ROAD

PATIKI ROAD

ROSEBANK ROAD

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BUSINESS NUTS & BOLTS

The best professional advice I can give anyone looking to buy a business is to get advice before, during and after the transaction. There is no single best way to buy a business, and which method is used depends very much on the circumstances in each case.

Purchasers can acquire a business either by buying the assets of the business, or by buying the shares of the company that owns the business. Both methods have their attractions and their pitfalls. This is yet another time when lawyers and accountants work together to get the right deal for their mutual client.

This is not just about the right price. It is also about minimising the risks involved in buying any business.

Buying the assetsWith the asset approach, a purchaser buys the assets, that’s the plant and equipment, plus the stock and the goodwill associated with the business.

For smaller businesses that is the most common route, because the buyer is then not buying any historical issues, or claims that might be made against the business. For example, there might be tax problems which the vendor hasn’t spoken about.

Buying the assets of the businesses avoids that. Any issues of that sort stay with the seller.

Buying shares in the companyThe other way is to buy the shares in the company that owns the business.

For the seller that’s very clean and tidy. They get their money and that’s the end of the matter. A sale of shares is generally a tax free transaction, and that’s important because in New Zealand we are very much driven by tax considerations in most commercial transactions.

The possible downside for the buyer in using the share approach is that the buyer is then inheriting any undisclosed liabilities associated with the business.

As lawyers we work with a buyer’s accountant to arrange the transaction in ways that minimise risk and tax. Due diligence, however well performed, won’t discover every possible wrinkle. Warranties about critical matters are often sought and usually given.

The lawyers for each side will work through a long list of warranties. A major one would be that the balance sheet is a true and correct statement of the business’s financial position. The seller will be asked to give an undertaking that this is so and the buyer then has a legal comeback if it turns out not to be the case.

Buying a business: Do you buy the assets or the shares?

Peter SmithManaging Partner, Smith and Partners Lawyers

Which method is best?Buying a business by the asset method, or the share method, shouldn’t make any difference to the ultimate value of the business, or to the price paid.

There is no black and white guide to what is the right or wrong option, but taking the wrong option can be costly. For example, in a share sale, the money in the current account is sometimes overlooked. It looks like working capital, but really the current account is profits of the business that the shareholders haven’t yet withdrawn from the business.

Some pitfalls we have seen when buying the shares vs the assetsMore than one purchaser using the share route has received a letter from the former shareholders demanding the money in the current account - and in law it is properly theirs, and purchasers have had to pay up. In effect the price paid to buy the business has gone up. It’s an unwelcome shock, but experienced advisors know to avoid that trap.

Another pitfall is that the new owners get a nasty letter from the IRD advising that inspectors plan to investigate the business.

The owner now has to take the time to deal with the matter, and pay the costs involved, and then seek to get these, together with arrears of tax, back from the previous owner.

Small businesses acquiring other small businesses usually take the asset option.

Often business owners selling up have been preparing for a sale over several years - as part of the owner’s exit strategy. So they have been careful about the standards of accounting, and maintaining reliable systems capable of audit.

Buyers can get comfort from that. They can see that the business has been properly managed.

Bigger companies looking at other sizeable businesses know that these businesses have systems that smaller businesses can’t afford. If a buyer is confident about the seller’s financial systems then such a buyer is more likely to purchase using the share purchase route.

Typically in the sale of a larger business - for example one with a turnover of more than $2 million - there will be a pre-purchase conference of the lawyers and accountants for the various parties to discuss all these matters.

It’s worth remembering that these legal costs are part of the cost of the purchase. The purchase price isn’t just what you pay the seller.

As a buyer you need to know and be comfortable about the business you are buying, and that’s where as experienced professionals Smith and Partners can help. Good advice is essential in choosing the best option for the circumstances, and to minimise your risks. There is no substitute for experience in this game.

For further advice on purchasing a business, contact the head of Smith and Partner’s commercial law team, Peter Smith by phone on 837 6882 or email [email protected]

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www.rosebankbusiness.co.nz 27ISSUE 120

ROSEBANK NEWS

On Wednesday 7 September, 24 youth and 7 West Auckland employers came together for the Whau Badge employer-ready workshops. Funded by the Whau Local Board, The Tindall Foundation and the RBA, the Whau Badge is co-ordinated by Youth Connections. It’s currently in its second year 2016/17 after success from 2015/16.

The workshops were held at the New Lynn Community Centre and ran from 9 am - 12.30pm, followed by speed interviews in the afternoon.

Training and skill development for young people is the focus of these workshops, giving them the best chance of successfully transitioning into employment. The morning consisted of three groups in which facilitators from Youth Service West alongside employers who generously donated their time, covered topics (but not limited to) First Impressions, Personal

West Auckland Employers Give Youth a Helping Hand

Presentation, and What Employers are Looking For.

Darrin Hewitt - Spark Business Hub, Stefan Crooks - Westie Food Group, Jack Weir - Weir Management Services, Jenna Mackay - Blum, and Paul Robinson - Soil and Rock assisted facilitators with the morning workshops. The workshops were a medium where youth can get first-hand advice from employers and start to understand recruitment processes from an employer’s side of the desk, and advice on how they can sell themselves in an application and interview. Opening this kind of opportunity for direct feedback provides youth with confidence and gives them encouragement to feel like they can be successful in gaining employment.

One of the most daunting things anyone has to face is a job interview, even for those who are seasoned in their career journey. With this in mind, consider how terrifying

this would be for someone straight out of school. The afternoon consisted of speed interviews where employers conducted a speed interview with all the youth on a one to one level. Anne-Marie Sapich - Cover Staff and Jason Ennor - MYHR joined the other employers in afternoon session conducting interviews.

Following on from these successful workshops will be the Employer badge section. These are two-hour workshops facilitated by Jason Ennor - MYHR, with a focus on best practice and end to end recruitment of youth. There are limited spaces available, so please register your interest by emailing Tracy Watts at [email protected] or call 021 243 4701.

“We at Coverstaff Recruitment strongly believe in the benefit of such an organised and results focused programme and are delighted to support this fantastic work in any way we can.” Anne-Marie Sapich.

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Take the opportunity to meet with us to 9ain an understandin9 of what technolo9ies are available for automation and cost reduction in your business.

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Mobile: 021 734 351 Email: [email protected]

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Harbourview Business Park Coastal Restoration Planting Part 2

Some corporate volunteers from Westpac and a group from South Auckland’s Zayed College for Girls under the guidance of Sustainable Coastline, who are working with The Whau River Catchment Trust, helped to plant a further 650 native plants recently, adding to the new plantings by Ambler & Co. a few weeks ago. Big thanks to Sustainable Coastlines for their efforts to support the Rosebank Peninsula Coastal Restoration Project.

Preparation of other areas is already underway for next year which involves the control of environmental weeds on stretches of esplanade reserve bordering the Rosebank Business District.

Rosebank Business Association CEO Mike Gibson accepted the invitation be a part of the presenting panel for the CNSST 2016 Auckland Migrant Entrepreneur Forum held at Soljans Estate Winery.

With the support from Whau Local Board, ATEED and Office of Ethnic Communities, CNSST have successfully accomplished the 2016 Auckland Migrant Entrepreneur Forum at Soljans Estate Winery recently.

The forum is the second stage of the Whau Migrant Business Support Programme (WMBS) launched in late 2016. Stage one of the programme is to engage and visit Whau migrant businesses to identify their issues and needs in running business in Whau local board area. The purpose of WMBS is to engage with the migrant business community in the Whau in order

During the next planting season beginning in May 2017, further areas will be planted out with eco-sourced native plants.

To achieve the restoration of the Motu Manawa Marine Reserve coastline on the eastern side of the Rosebank Peninsula needs the support of adjoining local businesses.

Later this month a Crowd Funding programme will be launched for the project which will enable companies and individuals to make a voluntary financial contribution towards the costs of the project.

If you would like your company to get in behind the Rosebank Peninsula Coastal Restoration Project which is supported by the Rosebank Business Association contact Gilbert Brakey at the Whau River Catchment Trust by emailing [email protected] for further information.

CNSST 2016 Auckland Migrant Entrepreneur Forum

to build trust, understand their issues and to work with mainstream agencies to help meet their needs. And the aim is to improve service delivery and ensure the Whau Local Board area is seen as a supportive area for migrant businesses to establish and grow.

There were 98 participants from 68 migrant businesses, who have been empowered and connected under the theme of the Forum “Connecting, Learning, Developing”. Through the presentations, the business owners have gained the awareness and knowledge on NZ economy, law and legislations in the areas of Health and

Safety, Business Support and Consultation and Whau Migrant Business Support.

The section of the open floor discussion has effectively provided the opportunity for the migrant businesses to raise their concerns to the specific and relevant support agencies as well as receiving the timely responses on the spot. The presenting Panel members are respectively representing the Ministry of Business, Innovation and Employment, IRD, ACC, Whau Local Board, ATEED and Rosebank Business Association.

As the forum organiser, CNSST appreciates the participation from the migrant entrepreneurs who also expressed their anticipation and needs of more business-related events to keep abreast with the up-to-date government and non-government business support strategies and information.

2016 Auckland Migrant Entrepreneur Forum officially acknowledge and recognise the support from the Settling-In Fund, Office of Ethnic Communities, Whau Local Board, ATEED and ANZ Bank.

ROSEBANK NEWS

Gilbert Brakey demonstrates the planting process