Simon Pound, host of The Spinoff podcast Business is Boring, reflects on the highlights and lessons of 100 episodes. Thanks to Callaghan Innovation for their support. This week marks 100 episodes of Business is Boring. It’s funny as that sounds like a lot but it also feels like we’re only just getting started. Like they … Read more
Yesterday a nearly 70,00-strong petition was presented to Parliament calling for the revocation of Sir Bob Jones’ knighthood following racist comments made in the NBR. Kera Sherwood O’Regan was there. A petition containing 68,760 signatures asking for the removal of business magnate Sir Bob Jones’ knighthood was presented at a pōwhiri on Parliament steps yesterday, following … Read more
New Zealand’s burgeoning tech industry may be dodging some of the systemic issues plaguing traditional corporate culture, but Victoria Crockford discovers it’s also developing within the same structures that resulted in the #MeToo movement. As a kid, I often imagined what would happen if the world was turned upside down and shaken. Animals from the … Read more
An old cigarette factory in Masterton, a remnant from the Think Big era, has been re-purposed to tackle our affordable housing crisis. Rebecca Stevenson caught up with builder Mike Fox to find out how a plant in the Wairarapa is producing modular, kitset homes on the cheap. Houses in New Zealand are not expensive only … Read more
It happens every five years (unless there is a major disaster), it helps to guide what we spend billions of dollars on – but did you know it was happening today? Rebecca Stevenson finds the census is causing concern. There is an envelope on my mantelpiece which has “census” on the front of it so … Read more
A2 Milk Co briefly burst through a landmark this week, reaching a market capitalisation of $10 billion on news of its deal with Fonterra. Here are ten numbers which encapsulate the milk brand’s inexorable rise. $14.62 A2’s shares rocketed up to over $14 this week (but fell back a little to settle just under $13) … Read more
In the third story in a series celebrating the amazing things young New Zealanders do every day, a young girl’s love of soap – and owls – has become a business success story. Angela Cuming spoke to Ava Heath-Williams about her soap start-up. At the tender age of eight, Ava Heath-Williams can already add businesswoman … Read more
With Stephen Fleming and Brendon McCullum among its founders, CricHQ capitalised on global interest in both cricket and cloud-based internet startups. It attracted a star-studded lineup of investors and seemed hugely successful, at one point boasting that it could bring in as much as US $10 billion. Then, in October, it went into receivership. Rebecca … Read more
The Buller District is known for its isolation, rugged weather and the minerals taken from the land since gold was discovered there in 1860. Now, after a long economic decline, green shoots of growth are appearing, driven by a technology hub with a husband and wife team at the top. There is an innovation hub … Read more
Welcome to the Cheat Sheet, a clickable, shareable, bite-sized FAQ on the news of the moment. Today, should we all work a four-day working week? Yes. Hang on a minute! Yesterday a New Zealand company, Perpetual Guardian, announced it was trialling a four-day work week for its 200 employees, keeping wages – and number of … Read more
With its bright pineapples and “kiwifruit brown”, Sharesies has changed the visual game for investing. Can the startup teach banks some new tricks? Charles Anderson finds the future of personal finance is visual, interactive and customer-focused. Ben Crotty’s “key moment of truth” came in the form of a particular shade of brown. He had spent … Read more
Good news – troops on deployment all around the world are keeping up their physical fitness and now we have proof! Bad news – troops on deployment all around the world are jogging with their fitness trackers turned on, drawing a helpful map of where they are. But former TUANZ boss Paul Brislen says we … Read more
Street lights in Kansas City have wifi sensors which link with a live map, allowing residents to see traffic and free parking spaces. Clever huh? Mark Thomas says smart cities – those which embrace technology in planning – can reap big environmental and financial rewards. The word “smart” does not appear in Auckland mayor Phil … Read more
Our piece on the struggle to get paid resonated widely with small business owners. Here are their stories, and some tips, covering the endless fight to get invoices paid. A customer who had hired goods from me failed to return them, and ultimately I had to go and collect them. Not all of the goods were returned, … Read more
Joshua Hitchcock looks ahead to 2018 and hopes that the thriving Māori economy doesn’t overshadow other important areas of development. Two years ago I packed my bags, said goodbye to Mum, and boarded the plane to Heathrow. Following in the footsteps of millions of New Zealanders before me, I set out on the traditional OE … Read more
Peanut butter maker Fix and Fogg has expanded from farmers’ markets to the biggest online marketplace in the world, Amazon. Rebecca Stevenson caught up with founder Roman Jewell, and discovered Kiwi ingenuity at the heart of this small business success story. Google “craft brewery”, Fix and Fogg’s Roman Jewell says, and you’ll find a plethora … Read more
Dairy co-operative Fonterra’s decision in 2016 to delay paying some suppliers for three months prompted a wave of anger. But as David Cormack found out, this practice permeates many industries – and is a serious stress point for small business. It’s a line that gets trotted out by politicians a lot. The line is that “small … Read more
Want to be an entrepreneur/innovator/generally smarter person in 2018? We assembled some of the brightest minds in New Zealand’s business landscape today to ask them for their favourite page-turners to savour over the summer break. Kendall Flutey, Banqer Hope for the Flowers by Trina Paulus “Not a business book, but this adult storybook really speaks to … Read more
There is a rising global movement towards responsible investing, but how can new KiwiSavers know how to invest without causing harm? Rebecca Stevenson caught up with Kiwi Wealth’s Steffan Berridge to discuss the ins and outs of ethical investing. First things first. What is responsible investing? And why should anyone care about it? Many Kiwis … Read more
More than 40 New Zealand businesses have been ranked as some of the fastest growing technology companies in the Asia-Pacific region by revenue growth. But the big surprise came from a digital marketing company that’s only been operating for about three years, Rebecca Stevenson reports. This week a New Zealand company you’ve probably never heard … Read more
The chief scientist of the Environmental Protection Agency has been making waves since her appointment, articulating a pro-farming message around water use. Has agri-business captured our environmental regulator? Outspoken farming critic Rachel Stewart thinks so. Apparently if you don‘t trust the decisions made by the Environmental Protection Agency, you’re part of a growing trend in … Read more
Our first equity crowdfunded business, Renaissance Brewing, has gone bust. But Richard Meadows writes that rather than being a canary in the crowdfunding coalmine, it’s a reminder that early stage investment is ride-or-die. 2014 was a piquant, joyous year; easy on the palate, with just a hint of botanicals to make things interesting. For Renaissance … Read more
Deloitte have released their list of the Top 10 Māori organisations for 2017. Joshua Hitchcock looks at the year’s big hitters. 20 years ago Ngāi Tahu settled their historical grievances with the Crown for $170 million. Over the past 20 years, they have developed an asset base of $1.67 billion through investment in property, primary … Read more
With the rise of China, Japan has taken something of a backseat in trade discussions. Lawyer Steven Moe says New Zealand’s relationship with the world’s third largest economy is still going strong, but may need some TLC. Whenever foreign investment or overseas strategies are mentioned in New Zealand boardrooms these days it is most likely … Read more
A review into government innovation agency Callaghan Innovation published last year found weaknesses with its management, but its Māori economy unit was singled out for praise. Rebecca Stevenson caught up with Callaghan’s Hēmi Rolleston to find out how it’s helping Māori entrepreneurs build export-ready businesses. It has a mission that is mammoth. Callaghan Innovation aims … Read more
Wanna run with the fast crew? Rebecca Stevenson takes a look at Deloitte’s Fast50 index to see how quickly Kiwi companies’ revenue is growing. To take a spot among the fastest growing companies in the country in 2017 businesses had to book revenue growth of 180% over three years. But are Kiwi companies growing faster than … Read more
Incubators, accelerators, grants, tax credits – there are a dizzying array of taxpayer-funded subsidies available for business. But we could make it all simpler and more effective both for government and the businesses we want to target, says technology investor Rowan Simpson. Here in New Zealand, our local market is small so exports are critical … Read more
Cloud accounting technology company Xero just announced two things: a very positive half-year financial result, and that it is exiting the New Zealand stock exchange. Rebecca Stevenson considers what this means for our investment landscape. New Zealand cloud accounting firm Xero announced its half-year result today and it was a ripper for the company – and … Read more
Imagine having money or assets and not having to pay tax on them! Sounds like a dream right? But for the super wealthy, it can be very real. Rebecca Stevenson takes a dive into the muddy waters of offshore trusts. How is it that a Russian bank which collapsed owing billions was registered to a … Read more