The Party Starts Here - Rosebank Business Association · January/February 2016 The Party Starts Here First Scene moves to Rosebank Road Stronger together. 2 ISSUE 112 . ISSUE 112

www.rosebankbusiness.co.nz 1ISSUE 112

LOCAL BUSINESS IS OUR BUSINESS

Issue 112. January/February 2016

www.rosebankbusiness.co.nz

The Party Starts HereFirst Scene moves to Rosebank Road

Stronger together

www.rosebankbusiness.co.nzISSUE 1122


Mike Gibson, CEO

FROM THE TOP

The first CEO Roundabout contribution of the year always tests one’s level of creativity and resolve. It’s hard to accept that 2015 has been and gone - and what a good year it was, particularly in the business sector.

Local Building Construction Indicators: Many businesses we have spoken to talk of growth across the board; it’s self-evident in local building construction here where the new Methven site in Jomac Place has its roof on (always a good sign), new tenants are being sought for the site cnr Jomac/Rosebank Rd, the ageing Nuplex site in Patiki Rd has a new Property Development owner (a sign of impending development) and of course across the road at the Reliance Transport site soon you will see redevelopment and building construction commencing.

Employment Indicators: And so the economic recovery or recovered signs are obvious and it’s great to see new capital being invested. In essence this is also the growth indicator in business. Investments in added resource either machinery or human capital are surely good growth indicators of increasing employment numbers, there are signs of increasing opportunities for young people and we saw some outstanding examples of these young folk at the December Pathways to the Future Trust awards where 11 people in business were rewarded with financial grants totalling $16,500 - a rewarding contribution from the Trust and immense satisfaction to see their smiling faces on their acceptances.

RBA Indicators: 2015 saw us provide new investment in creating a marketing resource to the team which created the lead to establish a new era in brand development. That’s been achieved in quick time and set the scene for the RBA to undertake new and innovative actions. These comprise helping establish a new Business Association in Central Park Drive (500 + businesses) with a goal to help re-establish and re-energise a previously installed business association.

Why Central Park, you may ask? There have been considered judgements on “where the West has gone” since the creation of 21 Local Boards under Auckland Council beginning in 2011. The impact of losing Waitakere Enterprise as a development conduit for local businesses has been significant - it has been sorely missed. We believe (with considerable support from West Auckland business leaders approached,) that the RBA business model should be expanded into Central Park to create in time a new entity (1000 businesses in total) for the advancement of West Auckland businesses overall. This is no better illustration than in the areas of Advocacy with the various submissions the RBA has made to the Unitary Plan and Local Government CCO’s (14) on local Traffic and Transport, air pollution controls, zoning and such. The RBA template is there for all to see, it is freely acknowledged as being a highly productive mechanism for local community engagement and social enhancement. Already up to 40 applications for membership have been received, and opportunities will exist for a number of joint membership initiatives for both Central Park and RBA members.

Watch this space!! Mike Gibson

“The RBA business model should be expanded into Central Park”.

Growth Across the Board

Michelle Maitland, Chairperson

On the above note, I am dedicated to an even better 2016 given that I am grateful for 2015.

Business is certainly an opportunity to grow. I often refer to my business as my personal self-development; a daily course in getting out of my comfort zone coupled with challenges, discomfort and uncertainty in a fast-changing, accelerated world. My personal challenge is to be comfortable with whatever discomfort comes my way and my measure of success is the ability to get the most benefit possible from such experiences. I guess the stubborn side of me wants to win over the situation.

New Year’s Resolution? Up to 92% of New Year’s resolutions fail as they use guilt or fear as motivation which is not the mental ammunition needed to create goals and success. However, I have re-defined it as my “New Year’s Acknowledgement,” starting with acknowledging the things I achieved last year not the things “I did not achieve” - that list has been discontinued - permanently!

Many of us have fallen into tall poppy syndrome (not sure if it is a New Zealand thing), and the automated default can often be to focus on the opposite of celebrating successes. In conclusion, my “New Year’s Acknowledgement” is to HAVE MORE HOLIDAYS - YEEHAAA !!!!!!!!

As a small business owner, time slips by, often years, without taking a holiday. I remember a time when I worked seven days a week with no holiday to speak of for over 10 years. One day, I had an epiphany and realised that my business was not working if that was the life I was living. Recently at a networking function, someone shared with me that they were still living in that situation …

My “New Year’s Acknowledgement” has already made me think in reverse. My mindset has shifted to what reward I can create that will be big enough for me to create even bigger goals and actions thereafter.

Stronger Together Thank you RBA members for all the advice, mentoring, problem-solving and extraordinary service and custom as well as support that made a difference for me personally and in business in 2015. I’m looking forward to getting to know you and your businesses even more in 2016.

Michelle Maitland, CEO George Walkers

“An optimist stays up until midnight to see the New Year in. A pessimist stays up to make sure the old year leaves.”

Acknowledgement

- Bill Vaughan


8

CONTENTS

IN THIS ISSUE3 FROM THE TOP Chairperson, Michelle Maitland CEO, Mike Gibson 6 RBA NEWS 7 Willory Hosting 8 Rosebank Buses - which route for you?10 Interim Decision on Air Quality 12 Rosebank Racing … from Rookies to Royalty 14 WHO’S NEW AT THE RBA Adecco Rosebank Minimart RightWay Affin Group16 First Scene 18 BUSINESS NUTS & BOLTS 18 Portfolio Strategy: Time to do some buying?19 Going For Broke or Going Broke?20 Does your business need a trust?21 Employment 101 22 Business Technology has evolved

With thanks to our sponsors ...

The Rosebank Roundabout is published by the Rosebank Business Association Inc. 2000 copies are distributed free to approximately 500 businesses in the Rosebank business district. Editorial included in this publication reflects the opinions of the contributing authors and does not necessarily represent the views of the Rosebank Business Association.

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16Cover: First Scene moves to Rosebank.


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Crash landing for athletics club

The RBA was happy to have contributed to a crash mat for the Avondale Athletics club in December.

The mat is used by five-to-six year old girls and boys on club nights for scissor jumps (using an elastic strap rather than a bar) and for seven year olds with or without the proper bar to help them feel more comfortable before progressing to the larger high jump mat and the Fosbury Flop.

Avondale Athletics has introduced “High-Jump Preparation” as part of the five-to-six year old programme after finding that the seven-year olds found the introduction to high jump difficult coming straight from the more junior

ROSEBANK NEWS

programme. The club hopes to develop talent in its high jumpers over the coming years.

“We have already spotted some incredible young athletes,” says manager, Judy Revell, “and we’re looking forward to fostering then and guiding their enthusiasm towards the senior programme.”

More details on our local athletics club may be found at www.avondaleathletics.org.nz.

A picturesque neighbourhood!

Sadly, the above is a picture of our neighbourhood - specifically Jomac Place - on 6 January. Someone had dumped what appeared to be at least two truckloads of rubbish.

Gilbert Brakey, chair of the Whau River Catchment Trust (WRCT) advised the council of the dumping and it was removed immediately.

“The WRCT’s concern,” says Gilbert, “is that illegal dumping often ends up in the river and is washed up onto beach areas. It is also unsightly, as well as being a health issue when it attracts rats and mice.”

If you see rubbish dumped in your street or local park or estuary, please don’t ignore it - call Auckland Council on ph 301 0101; we

all want to work in a pleasant work environment.

Furthermore, where you can, dob the beggars in! IIlegally dumped rubbish costs ratepayers millions each year in removal charges and causes a range of other problems. Auckland Council’s Litter Officers will investigate all reliable reports of illegally dumped rubbish. To notify council (of more than two black rubbish bags, or a large item such as a fridge or a couch), fill in the report form online at http://www.aucklandcouncil.govt.nz/ and try and give as much information as you can such as:

• registration number of the offender’s vehicle• description of the offender’s vehicle• location, date and time• description of the rubbish - is it obstructing the road, causing danger, containing hazardous material, etc.• description of the offender.

Jomac Place


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Join now!Established 2002, the Rosebank Business Association

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To discover the benefits of RBA membership,

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Garden DecorFebruary RBA Hosting Event

Our host company in February will be the team from Willory Agencies, who take the opportunity to showcase their wonderful garden decor - pots, planters, jars, water features, sculpture, pizza ovens, bird baths, wall art, plinths, urns, and seating - check out the website at www.willory.co.nz and we challenge you not to find a “must have” to complement your garden.Luciky for us, Willory Agencies, which is normally a wholesale company, makes special allowance for RBA members (any time) and will be open for sales at the Hosting event. Be sure to bring your wallet - this is a rare opportunity to secure these great goods at wholesale prices.From small beginnings selling dragon pots, blue and white porcelain and elephants, Willory Agencies has developed a range that equals anything in the world.Remember that RBA companies are welcome to bring two people to Hosting events - just let us know if you have more. Also, a wonderful Willory prize will be auctioned on the night as a fundraiser for the Pathways to the Future Trust.

Fishing Enthusiast?

Correctly count the number of Action Outdoors logos you see within this publication and be in to win one of two160mm bait knives and sharpening sheath.

Visit www.actionoutdoors.kiwi/ for all your fishing accessories, and email your answer to [email protected]. Draw held 15 February 2016.

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See you there!

WHAT: RBA Hosting EventWHEN: Tuesday, 23 February 2016, 5pm onwardsWHERE: Willory Agencies Unit1 / 40 Copsey Place, RosebankRSVP: If you have not already been sent an email invitation, please email [email protected]


Rosebank Road Buses - Which route is for you?

The following bus route maps indicate which buses travel down main roads. Visit www.at.govt.nz for all bus route planning

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Following collective submissions made last year by the industrial business associations (including Rosebank, East Tamaki, Onehunga, Wiri and South Harbour), the Unitary Plan Panel has adopted suggestions in the Panel’s interim guidance on Air Quality.

This shows that the collective approach taken by the associations has been efficient as well as effective.

The Panel noted that motor vehicle emissions are not able to be controlled under the Unitary Plan and Auckland Council has expressed its intention to control emissions from domestic fires through a bylaw.

“The Panel accepted that most adverse effects on air quality in Auckland were, in fact, caused by motor vehicle emissions and domestic fires. Air discharges from industrial activities contribute a relatively small proportion of emissions overall.”

While the Panel considered that the use of controls in the Unitary Plan should reflect the best practicable options for reducing industrial emissions, it concluded that such controls also need to be commensurate with the extent of the levels of adverse effects created by these emissions and needed to also recognise the economic and social benefits which industry

Unitary Plan Interim Decision on Air Quality good for industry

Dr Grant HewisonDirector, Grant Hewison & AssociatesRBA Board Observer

provides.

The Panel did not consider that the proposed Air Quality – Transport Corridor Separation overlay was an appropriate method for inclusion in the Plan. Instead, the Panel felt there was considerable scope for improvement of transport-related emissions through controls on motor vehicles. The Panel acknowledged that this would require either the assistance of central government or changes to legislation, but the scope for improvement through these methods would likely be substantially greater than could be achieved through the Unitary Plan.

The Panel also did not consider that the Air Quality - Sensitive Activities Reduction overlay was an appropriate method for inclusion in the Plan. The overlay was to be applied to sites within 500m from the Heavy Industry Zone (HIZ) and would have sought to manage reverse sensitivity effects on industrial activities in that zone by controlling the location of activities sensitive to air discharges. The Panel considered that the proposed overlay was an ineffective way to manage reverse sensitivity effects on HIZ sites. Instead, the Panel felt that provisions within the Regional Policy Statement should guide the rezoning of sites in the region so as to enable industries that discharge contaminants to air to be located within the HIZ anticipated to have low air quality.

It also appeared to the Panel that while discharges of contaminants from industrial combustion processes should be (and are) controlled, substantially greater improvement in Auckland’s air quality throughout the metropolitan area could be achieved by initiating controls on domestic fires. The Panel agreed Auckland Council should pursue this through a bylaw. Further, Auckland Council has proposed to remove the Air Quality - Industry Transition Overlay.

The Panel also noted that the evidence presented demonstrated that a number of sites with existing heavy industries may have been inappropriately zoned as Light Industry. In several existing industrial areas that would otherwise be expected to have low air quality, the most appropriate zoning for that area may not have been accurately identified in the draft Unitary Plan.

The Panel noted that this issue was related to evidence that insufficient land zoned HIZ may be available to meet demand and provide employment and other social and economic benefits. For those reasons, and notwithstanding the potential adverse effects on air quality associated with some industrial processes, the Panel generally accepted the submissions that industrial activities should be enabled in appropriate locations including the protection of heavy industry.

The Panel is supportive of the Council’s approach to now look at rezoning areas currently identified as Light Industry but expected to have low air quality to Heavy Industry.

By way of an overall conclusion the Panel stated that the Heavy Industry Zone should correspond to existing areas with low air quality and include existing heavy industrial sites and sufficient land to accommodate heavy industrial activities into the future.

That’s good news for industry and pretty much follows the submissions made by the industrial business associations.

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Rosebank Racing … from Rookies to Royalty If you are car crazy in Rosebank, rest assured, you are not alone – some Rosebank people let us in on their motor madness …

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Glenn Edley Spike | 19-21 Fremlin Place, Rosebank

Glenn is a relative rookie having driven his Peugeot 205GTR (1988) for under a year. He has raced at the 2KCup - along with 90 other competitors - and recommends anyone wanting to get into racing to give it a go. The cars are valued under $2k, so it’s an easy entry into what can otherwise be an extravagant sport!

Gilbert Brakey WRCT | 5a Willerton Ave, New Lynn

Heading an environmentally friendly organisation, Gilbert is quick to explain that he uses 10% bio-fuel for his driving! Gilbert is a member of the MX5 club and for several years has enjoyed taking every opportunity he can to get the most out of his wee beast on track days at Hampton Downs and Taupo.

Michael Pickens

Pipeline Industries | 48-50 Patiki Road, Rosebank

To some people at least, the young Michael Pickens is legendary. He is fresh from winning the most recent International Midget Series pitting his skills at Western Springs once more against the best from this country, Australia, and the U.S. in the 50 lap race. Check out his Facebook page for a long list of other wins … (https://www.facebook.com/michaelpickensracing/). The fun began for Michael 20 years ago as a boy racing Go Karts and he is now in his 17th year of midget racing.

Paul McCarthy Plastics Construction

26A Fremlin Place, Rosebank

Paul and brother Richard are also big names in the racing world if not more so their cars! Above is a picture of Paul’s Lotus 47 and Zakspeed Escort. He also owns a 1931 Chrysler and 1967 Sunbeam Tiger that you can catch him driving to work every now and then. Richard owns an AC Cobra and also a Lotus 7.


ROSEBANK NEWS

Rick Bone JMP Engineering

455 Rosebank Road, Rosebank

Rick has been driving his Datsun for 14 years. Known for their light weight, this now off road Datsun houses a 2 litre turbo engine with 348 horse power at the wheels - Rick reaches 248k with it on the faster tracks.

Rick began racing as a six year old - his dad was a champion motorcycle racer who gave up racing just two years ago in his mid-70s!

With a team of sponsors (Auckland Engineering Supplies amongst others), he has entered multiple motorsports competitions throughout the country and championed numerous classes. Typically they run in the GT class “against the big boys” - no rules and anything goes!

Racing is a family affair with Rick’s two daughters in Go Karts and chief sandwich makers on race day!

Andrew Scarr Scarles Performance Car Parts, 41 Patiki Road, Rosebank

Cleary a car enthusiast, Andrew began his company while still at high school over eight years ago. Scarles has grown considerably as a company sourcing product internationally and now exporting its own Scarles-branded products. Andrew says he can only boast a little race driving a 4 wheel drive truck in the now-defunct Taupo 1000

Chris Petch Racer Products

61-69 Patiki Road, Rosebank

The name Petch has been at the forefront of New Zealand motor sport for more than 30 years since founder of Racer Products, Mark Petch, won his first New Zealand Championship at the wheel of a Nissan Datsun 1200 SS, in 1972.

In this picture, son Chris Petch showcases one of the Ssangyong vehicles Racer Products modifies for Ssangyong NZ which, he says, “drives and rides better than a luxury car!”

Racer Products is a common name in the racing fraternity and Chris says, it is a pleasure to go to a track and not be able to walk 10 feet without being greeted by someone. The company supplies speedway through to tarmac rallying with seats, harnesses, driving suits, breaks, suspension components, and more. It is a leading supplier to V8 SuperTourers.

(i.e. 1000kms of racing!). He was part of the Mullins team of Niall Dow. Andrew is pictured with a Skyline R33 replete with a VH45 motor (that’s a 4.5 litre V8 to the rest of us!).


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Adecco Personnel

Companies new to Rosebank Business Association membership this month include:

You won’t have missed Rosebank’s new superette since its opening just over a month ago. Owned by Sanjay and Doreen Chand, the store is here to service all of Rosebank with a large range of products - think of it as a small supermarket; it has a similar range of stock and similar prices.

A large range of breakfast and lunch options are available like fresh sandwiches, gourmet pies, our local Westie Pies, and everyone’s favourite - Butter Chicken, and other Indian dishes, with a selection of drinks and freshly brewed coffee coming soon.

You can get used to the Rosebank

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Janita Jeshmi, Angela Potae, and Carmorita Roebeck - the energetic new team at Adecco.

Angela Potae is the vibrant new manager at Adecco Personnel. The largest international recruitment company internationally, Adecco has had a strong presence in West Auckland for some time. As such, it enjoys a huge Auckland-wide pool of talent, and corporate-level capability without excessive overheads.

Both permanent and short term (temporary) staff may be sourced at Adecco Rosebank which deals primarily with blue collar positions such as construction, engineering,

logistics, warehousing, pick packers, site managers, office admin, and drivers.

A recruitment agency is designed to take the sting out of hiring.

“I understand the headache of recruiting your own staff,” says Angela (pictured centre), “but you’d be surprised how much work we do behind the scenes to make life easier for you.”

Adecco has rigid compliance processes and all candidates are drug tested (Angela and a co-worker are both qualified drug testers). It can even take several hours to place a temp-worker, for example, once the interview, induction and drug testing is taken into consideration. And for temp workers, the PAYE, ACC levies, holiday pay and sick pay are all taken care of by Adecco with your company only having to be concerned with paying the weekly invoice.

For permanent workers, the team devotes considerable time to learn about the industry and company to find the best person with not only the right skills, but the right cultural fit.

“We have a lot of regular clients here,” says Angela, “and they are fantastic - really supportive and very personable. I’m not from this area, but after four months in Rosebank, I think I understand the definition of Westie!”

Adecco Personnel Ltd, 25 Patiki Road, Rosebank | Ph 828 1131www.adecco.co.nz

For all your general day-to-day needs, pop into the store or call store manager, Mayank, on ph 828 8943 to place an order.

Rosebank Minimart Ltd, 354 Rosebank Road, Cnr Fremlin Place, Ph 828 89433

Minimart being your port of call, because it is almost always open. Hours are 6am-8pm Monday to Saturday and 6am to 3pm Sunday (later if need be).

If you have an order over $50, it can be delivered to your door.

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Affin Group - The Art of BespokeAffin Group is an interior fit out company that manufactures all its own product from their extensive new premises in Rosebank Road.

Affin Group recently purchased the assets and employed the staff of the leading Australasian retail fit-out company, Shears & Mac on its liquidation. This saw its rapid growth overnight and hence new, larger premises were sought. Managing Director, Gabriel Nicolau, saw their new premises in Rosebank Road as the perfect opportunity to grow the expanded business in a vibrant and thriving industrial area.

The company primarily works on commercial fit outs for leading New Zealand architects and interior designers. Affin Group specialises in innovative and technically challenging projects and have had the pleasure to create store interiors for iconic brands including Icebreaker’s head office, Nike stores and Aelia duty free stores at Auckland Airport arrivals and departures halls.

With many of Affin Group’s suppliers and competitors also in Rosebank, this strip is becoming quite the hub for interior design.

Look out for their new website and showroom launching soon…Affin Group | 507 Rosebank Road, Avondale | Ph 838 8899www.affin.co.nz, [email protected]

Business Advice the RightWayAsheel Bharos is a regional partner and chartered accountant at RightWay Ltd - a company started four years ago by Hamish Edwards, co-founder of Xero.

RightWay presents a new model of accountancy differentiating between compliance accounting such as GST and tax preparation, etc. to the skill of giving proactive business advice. The benefit of

this is that its regional partners, such as Asheel, can focus solely on this all too important and often neglected area.

Backed by a team of over 20 operational accountants, Asheel is a qualified CA who has worked with over 50 enterprises here and in the UK ranging from sole traders to FTSE 250 sized companies, and for top accountancy firms such as Pricewaterhouse Coopers and BDO. However, at this time in his life, Asheel says, he is eager to leave the corporate world behind and focus on the small businesses “that drive this country.”

The RightWay model means that Asheel is mobile and can meet

you in your own surroundings - and at any time outside of regular hours. RightWay also introduces a handy range of packaged fees so you can pick and choose depending on what you need and for the various stages of your business.

“It’s so important for companies to get regular advice throughout the lifecycle of the business and regardless of its size,” says Asheed. “Here’s just one example of why: A friend’s shop had accounts done annually. They thought they were doing really well with lots of people coming through the door but found that at year-end, margins had halved. The owner had to trawl through all the transactions to find that one of their suppliers had increased their costs by 50% but no-one had picked up on it. Hence, they lost a year’s worth of gross margin.”

“If you have measures in place and actively monitor your business each month, you will know when something is not working, and have the time to do something about it.”

Call Asheel Bharos on mobile 021 0289 8407Asheel Bharos, Regional Partner, CA, B.Com | RightWay [email protected] | www.rightway.co.nz

Check out First Scene’s amazing collection of 400,000 costumes and props.

Now open in their new premises at 334B Rosebank Road (behind BOC Gas) or visit www.firstscene.co.nz


PROFILE

The Party Starts Here …Costume and prop hire company, First Scene has launched into adulthood with its move from its long held position in Kingsland to bigger and better premises in Rosebank Road. No longer need the public think of First Scene as simply a costume hire company - with room to spread, First Scene is able to showcase its long hidden prop and production department which, in movie circles, it is equally known for.

Owner, Jo Pilkington is thrilled to be in the event management hub that Rosebank has become with many of her suppliers and clients in the area.

“Rosebank has already been a very welcoming community,” she says, “with a wonderful sense of networking and camaraderie amongst the event companies here.”

Moving 400,000 items of clothing and props was no small feat for Jo, taking nearly four days and 53 truck loads (with admittedly, seven of them going to the tip). Clearly First Scene is a bigger ticket item than it first appears. This is no surprise given its history.

First Scene began life as the costume and set design department of Television New Zealand some 30 years ago and many of its clients have worked with the company since its inception. Opening in Glenfield, it then moved to Hobson Street next to the TVNZ building and it still houses many items from these early TV shows. The company moved to Kingsland 15 years ago when it was privatised.

Hence, First Scene is a significant assortment that has been built up over time. The collection is utilised by most of the film productions shot in New Zealand and in return, First Scene has first dibs on purchasing film wardrobes once the movie has wrapped – needless to say, there is a large selection of leathers and props from Xena: Warrior Princess!

The company has also bought out numerous collections from one-time competitors, and it has its own seamstress. Every item is laundered - either via its own onsite commercial laundry, or dry cleaned externally - and the wear and tear on items requires constant repair. But also, the team are happy to create new items as required.

“We’ve created all sorts of things,” says Jo. “Animal mascots, the latest Katy Perry outfit that fans want to wear to her concert, crazy outfits for the 7’s and 9’s … so people should talk to us should there be an item that is not already on the rack.”

An event “guru,” Jo takes all of this in her stride.

After many years of tour managing overseas for Eurhythmics musician, Dave Stewart, Jo leant her skills to education, politics and PR before being nabbed by AUT to design its Post Graduate Diploma in Event Management. That same course is now a degree and one of AUT’s most popular ticket items.

Event Design & Management Needless to say, if you have a big event on the horizon, First Scene is a very useful first point of call providing concept, props, and event coordination as part of its service. “One of my favourite jobs,” says Jo, “is to help companies with their creative ideas. We sit down, brainstorm and have a lot of fun. Big, memorable corporate events can really help with

Owner of First Scene, Jo Pilkington, “It’s a fun environment to work!”


PROFILE

team spirit because staff just don’t stop talking about them.”

The Retro LoungeA new feature at First Scene is The Retro Lounge; brought about from previous demand, the move has allowed a dedicated space for this service. The Retro Lounge is an in-store venue providing a unique party option for 10 year old girls through to 40 year old men to dress up in crazy costumes, grab props, and take photos or videos with their mates.

For mums, this is real point of difference for a group of young girls or teens - BYO refreshments and nibbles, and the girls have free range of the store in which to go crazy (the store also caters for School Ball season). For adults, there is a bar, and the Retro Lounge can be used as a three hour stop over on your party night, or as a party in itself. It could also create some fun opportunities for a team meeting.

Amongst other memorable features of

First Scene is certainly its incredible staff many of whom have been there for years. There are 14 or so on the floor at any one time to help you with your selection, so it’s very hands on and you are not left to flounder.

“We have always been careful to select staff who are creative and edgy,” says Jo. “All the staff are engaged in one creative endeavour or another outside of work - they are musicians, make up artists, writers, photographers, singers in bands, DJs … It’s a fun environment to work in - you can get dressed up every day if you want to, you get to play loud music and you get to turn a person off the street into something incredible. Needless to say, there are many laughs to be had in this business!”

It was after seven years of managing First Scene that Jo decided to purchase the business and the move to Rosebank has completed her first year of ownership.

“I’m passionate about this business,” she says. “I love our product and I love our staff. I joined the company with a view

to taking it over, and I am really excited to see how we will grow in this wonderful Rosebank community.”

First Scene | 334B Rosebank Road, Rosebank (behind BOC Gas) |

Ph 815 7230www.firstscene.co.nz

Costume Department

Open seven days

Party Props Department

Open six days


Portfolio Strategy: Time to do some buying?

The year has commenced with major concerns around a potential slowing in China and the continued decline in the price of oil. Most major global equity markets are down by 10-15%, relative to December highs. Numerous global risks remain, but we believe a recession in the major developed economies is unlikely. We acknowledge the potential for further volatility, but also believe opportunities have begun to emerge. We believe it is time for investors to consider doing some selective buying.

The US market at time of writing is now down almost 12% from its December highs, so this correction has not yet been quite as sharp as the 12.5% decline we saw in August, but close. New Zealand (-3.5%) and Australia (-9.8%) have seen more modest declines, while China (-22.8%), Europe (-14.4%) and emerging markets (-14.9%) have suffered larger falls.

It’s difficult to see the negative sentiment completely fading in a hurry, and markets could remain volatile over the short-term. The key concerns are further Chinese currency devaluations, very weak oil prices, a lacklustre US earnings season and overly aggressive rate hike forecasts from the US Federal Reserve (“Fed”).

However, we don’t believe a recession is likely in any of the major developed economies, and therefore see a repeat of 2008 as improbable. The extremely negative sentiment regarding oil suggests that we are close to a bottom, we believe the US earnings season will be reasonable (outside of the energy sector), and we expect the Fed to backtrack on proposed further rate hikes in 2016. For these reasons, and because many of our favoured companies are in fundamentally sound positions, we believe it is time investors started taking advantage of the negative sentiment in developed market equities.

We remain cautious on China, commodities and emerging market equities. While we believe that oil is approaching a point where stability emerges, we also believe it is too early to buy energy-related companies. We also remain wary of smaller, more cyclical and higher-risk companies. These companies have been treated more harshly in this

BUSINESS NUTS & BOLTS

sell-off and may bounce more strongly should some stability emerge, but we believe a defensive positioning still makes sense.

Our favoured global regions remain the US and Europe, and to a lesser extent Japan. Australia remains a difficult market and the resources sector remains challenged, but we see opportunities in quality companies that have been oversold, including ANZ Bank, Lend Lease, Amcor and Westfield. The local market has held up much better than others, although we still have some strong views on preferred companies. We believe oil prices will languish for some time (benefitting Air New Zealand), putting pressure on the Reserve Bank of New Zealand to consider cutting rates further, and keeping quality yield stocks (such as Meridian Energy) in favour. We expect the currency to drift lower, in particular against the US dollar, which will benefit Fisher & Paykel Healthcare and Diligent, both of which have growth potential.

For further information, please contact David Boyce or Peter Corban. David and Peter’s adviser disclosure statements are available free of charge and on request. The information in this article is general information only.

Starfish Interiors, an interior designer, manufacturer and supplier of furnishings, specialising in small living spaces

9 Copsey Place, Avondale, Phone +64 9 912 9725

www.starfishinteriors.co.nz

STARFISHinteriors limited

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Peter Corban, BCom, LLB (Hons)Investment AdviserAuthorised Financial AdviserDDI 924 0504 | Mb 027 363 9876 Email: [email protected]

David BoyceInvestment AdviserAuthorised Financial Adviser NZX AdviserDDI 358 7956 | Mb 021 331 981 Email: [email protected]

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Going For Broke or Going Broke?

Warwick Russellsmetric for RosebankPlus

Due to a continuing high level of business confidence, many businesses are experiencing growth right now. While most business owners would see that as a good thing, for many it presents another problem … pressure on cashflow.

An often-quoted statistic is that 80% of businesses that go broke had experienced record sales in the previous year. Just look at the construction industry where quite a few have been going broke in the last couple of years while the industry is booming.

A Case StudyOne of our clients came to us with huge cash flow problems after experiencing 25% growth in each of the previous two years, while making an overall loss. They were overstocked, systems were out of control, too many unprofitable customers, etc. Over a period of time we helped them to slow growth down to 7% while better systems and processes were put in place. Weekly KPIs were also established to carefully monitor the business. Now profitability is back where it should be and growth is at a more sustainable 15%. Reports on their weekly KPIs alert us when things are drifting off target, prompting action to immediately address problems.

To manage cash flow, business owners should always remember:

1. Profit is not equal to money in the bank2. The Cash Flow cycle always takes longer than you anticipate3. Don’t underestimate your working capital requirements4. Focus on the key drivers in your business5. You can’t manage what you don’t measure!

So, if you want to capitalise on growth opportunities, you need to think about how to fund them and have the systems in place to manage the growth.

The key areas to focus on are:1. Cash flow forecasts for at least six months out, preferably 12 months2. Price margins and profitability3. Manage your Aged Receivables. Sort out issues before the due date.4. Choose your customers. Drop the least profitable/unprofitable ones.5. Choose your products/services. Drop the least profitable/unprofitable ones.6. Have well drafted Terms and Conditions7. Develop good relationships with suppliers for better terms8. Materials - minimise stocks held. Increase stock turns. Clear out old stock. Control well with systems.9. Keep your bank informed of your plans. It makes it easier to secure funding ahead of when you need it.

And finally - DON’T HIDE FROM IT! Get help if it keeps you awake at night.

The sooner you address the problems, the easier it is to fix them. And unfortunately, if you leave it too late to ask for help, sometimes the best we can do is to refer you to a liquidator if we can’t see any other options.

• 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]



PH 09 828 4084

EMAIL [email protected]

WEB www.lusciouscatering.co.nz

ADDRESS 61-69 Patiki Road,

Avondale 1026, Auckland

HAPPY NEW YEAR from the team at Luscious Catering and Apocalypse Chow.

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Haven’s Melanie Bennett discusses the importance of getting the right advice, the benefits of a trust and why it’s a good idea to review its structure and administration

Any and all business and personal assets can be transferred to a trust, and if you have a business it could be a good idea to have a trust to protect your assets. The first step is to speak to a trust specialist who can advise you on whether a trust is right for you, on the right structure and also assist you with the set up.

The most common reason business owners set up trusts is to protect their personal assets, such as the family home, from creditor risk should their business fail. The family home is then owned by the trust; meaning that if creditors put the business into liquidation, and you are successfully sued individually, the liability can be limited to the business and personal assets.

Anyone can set up a trust, but it’s really important to get the right advice, ensure the trust has been set up correctly, and that it will provide the protection you need in the event something unplanned occurs.

More and more cases involving trusts are before the courts because there are more and more cases where trusts have not provided the protection needed for a variety of reasons. In many circumstances, the settlor thought by having their lawyer or accountant as the independent trustee they had adequate protection.

Does your business need a trust?

Melanie Bennett Haven Advisers

But trusts, and potential liabilities, need to be reviewed to ensure the structure in place remains relevant for the current assets and personal circumstances. Often the structures of trusts are only considered when a transaction takes place, such as the sale or purchase of a property.

It’s important to get regular independent advice to prevent a situation happening where you’re not protected, or get caught out by a loophole.

Each year many settlors and beneficiaries of trusts pay the rates, insurance, maintenance and accounting fees in relation to the home they live in. These expenses are recorded and the liability to the settlor or beneficiary continues to grow (the trust

owes them money).

However, what happens when business doesn’t go so well and you end up bankrupt after being successfully sued to repay creditors?

All of a sudden you realise the trust owes you hundreds of thousands of dollars for all those years of household costs, which now you can’t recoup. If you had gifted those expenses to the trust then you wouldn’t need to be

repaid, and the family home wouldn’t need to be sold.

It’s important to speak to a trust specialist about gifting assets to a trust and how your structure can work for you. Especially as the government abolished gift duty in 2011, and your trust may not have been reviewed since this legislation change.

It’s also important to note that amounts ungifted to a trust can, in the event of a personal relationship break up, be considered in the division of your property and settlement.

Contact Melanie at Haven on 0800 700 699 or [email protected] to discuss how she can help you with your trust requirements.



Most of us take for granted the processes and procedures around when we employ people, initiating what is the beginning of an employment relationship - which is of course a legal relationship - between an employer and an employee. Under the Employment Relations and Holidays Acts, employers and employees each have obligations to each other, and often it’s all too easy to overlook some of the fundamentals.

With the start of a new year, it is timely for employers to check how they are doing.

After receiving applications for employment, do you acknowledge them all in a timely fashion, even to say “No”? The biggest complaint we hear from jobseekers is that they don’t hear from companies once they have sent their applications.

All employees must have a written employment agreement no matter what their type of work (yes, even casuals). Have all successful candidates received the appropriate employment agreements in advance of their starting with you?

If a trial period clause is included in an employment agreement, the agreement must be signed before the worker starts work, otherwise the trial period clause will be invalid.

Employee records must be kept for all workers and made available to employees, their Unions (if applicable) and the Ministry’s Labour Inspectors if they ask for them. They can be kept in electronic or paper files and must be kept for seven years. Records kept must include (among other things) contact details, type of employment, wage, time, holiday and leave records. A handy checklist of just what employers must record for all their employees is available at http://www.business.govt.nz/staff-and-hr/managing-employees/personnel-files-and-record-keeping

Employment 101

Paddy BattersbyBattersby HR Consulting

The Privacy Act establishes a set of 12 principles to protect a person’s personal privacy. Principle 10 requires that any agency that holds personal information should not keep that information for longer than is required for the purposes for which the information may lawfully be used. Therefore, unsuccessful applicants’ CVs should be destroyed within a reasonable time after the recruitment process has been completed.

Public Holidays - Are you paying your employees correctly? Any person who works on a public holiday is entitled to be paid time and a half for the hours he or she works and, if the public holiday would otherwise have been a working day for the person, they will also be entitled to an additional paid day off.

The Holidays Act 2003 addresses the public holiday entitlements for employees in a number of work patterns where entitlements are unclear, including employees working shifts, employees on call, and whether a day would “otherwise be a working day.”

Health and Safety - The all-important health and safety compliance - is there an induction process in place for all workers? Ensure there is an orientation plan including site plan, site hazards and emergency plan as part of your workplace health and safety management. The new Health and Safety at Work Act takes effect 4 April, do be sure you know what your obligations are.

Sounds daunting? These are basic requirements for employers and should not be overlooked.

Paddy Battersby. www.battersbyhr.com, Ph 838 6338, [email protected]

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

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. NZDREXFamily 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.nzo

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Business Technology has evolved

James Reid, Sharp New Zealand

Business technology is continuously responding to the pressures of everyday business. Key pressures of time, money and enhancing the customer experience is forcing companies to maintain “match fitness” in order to remain competitive.

The biggest issue we find is that businesses typically have a number of duties within the organisation which are completed manually. These not only tie up staff resource, taking it away from tasks which can grow the company (e.g. sales or marketing duties), but manual processing creates errors which cost time and create frustrated clients. When profit margins are tight, sometimes the satisfaction of your customers can be the difference between winning or losing sales.

Today there are numerous options to not only implement business efficiency software, but to develop an integration of options - specifically designed around your business’ needs and budget.

Our clients have been asking us to showcase all of these in an expo forum, so as a result of this, Sharp Corporation of New Zealand is hosting a Technology Roadshow, to demonstrate the latest technology innovations and how they can benefit local businesses.

As a member of the Rosebank Business Association, Sharp is inviting members of the RBA to register early as spots are limited.

Experience first-hand the latest technologies available and discover how your business can establish new, competitive advantages.

WHAT’S ON SHOW?

For the Business Owner / Director:

• How to future-proof your business• How cloud and ICT is affecting business efficiency• How to enhance workflow communication

For the IT / Operations Manager:

• Next generation business technology innovations• Reduce IT inefficiencies and maximise performance• Seamless integration into existing platforms

For the Finance / Office Manager:

• Streamlining workflow efficiency and simplifying everyday processes• Automating your accounts payable process, saving time and money• Remove manual processes, saving costly mistakes and improve your customer satisfaction

Visit www.simplybetterbusinessnz.com today to register your place for our Auckland date: March 4th, 2016.

For additional information, give me a call on ph 920 4162, mb 021 734 351, email [email protected]

Freephone 0800 4WORLD – 0800 [email protected]

ACROSS TOWN • NATIONWIDE • WORLDWIDE

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


Besafe Training Ltd is a highly regarded practitioner of Health & Safety. With over 25 years of industry experience we have a wealth of in-depth knowledge and offer a practical application of Health & Safety. A registered Private Training Establishment (PTE) since 1999. Working towards Zero Harm will help reduce costs and increase productivity in your business.

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Health & Safety at Work Act 2015 - DON’T PANIC On the 4th April 2016 the Health and Safety at Work Act becomes active in law. Do not let the scaremongers cause you to stress out. If you have a health and safety programme in place you are either completely or partially there.If you are acting in good faith and making an attempt to have good practice zero harm initiatives in your workplace you could be seen as taking all reasonably practicable steps.Here at Besafe Training Ltd, we consider ourselves to be practical and of common sense. We can audit your health and safety initiatives and advise you where you stand, the cost to do this is a pittance if there is a health and safety event at your workplace.

Besafe Zero Harm - Health & Safety Support Do you have robust Health & Safety Policies? Are your Health & Safety Policies appropriate to your business?Have you reviewed your Health & Safety Policies in the last twelve months?Do you have time to develop your own work specific Health & Safety Policies?For only $3.30 + gst per day Besafe Training Ltd will develop Health & Safety Policies & Procedures specific to your business. We will work with you to construct a comprehensive manual that relates directly to your business. We are more than happy to come and meet with you at no charge to get the wheels in motion. Besafe Training Ltd will not only develop these documents but we can walk the roadmap with you, assist in managing the Plan and ensuring the Plan is successful. Price is based on a 12 month contract ($99 + gst per month)

Besafe Zero Harm - Health & Safety Training CourseBesafe Training Ltd has a six module course that can be adapted to suit your workplace. We consider it to be the most comprehensive health and safety course in New Zealand.It covers matters such as legislation, working at heights and on ladders, working near electricity, working in the sun, ergonomics, signs and compliance, hazards, wellness issues, safe driving and many other topics which can be included or removed to suit the needs of your workplace.The course can be completed in one day, delivered in-house, online or by a Besafe Trainer. (Use of Besafe Training Ltd to deliver the course will incur extra costs)Besafe NZQA training courses – Confined space, Working at heights, MEWP, First aid, Wheels Tracks and Rollers, Hazardous materials, Hazard ID, Accident Investigation, Site Supervisor, Health and Safety Rep, Fire Extinguisher plus many more.

Special offer! February/March 2016 only

Contact us now for an obligation free review of your current Health and Safety systems 0800 333 899 | [email protected] | www.besafetraining.co.nz

Registered as a private training establishment by the New Zealand Qualifications Authority under the Education Act 1989 and its subsequent amendments.

Mention this advertisement and we will develop your own Besafe Zero Harm course at no extra charge when you sign up to the Health and Safety Support System for the minimum 12 month term.


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Documents

The Party Starts Here - Rosebank Business Association · January/February 2016 The Party Starts Here First Scene moves to Rosebank Road Stronger together. 2 ISSUE 112 . ISSUE 112