Pro Business advice

Risk register protects and creates opportunities

The start of 2023 has been a rough one. Cyclone Gabrielle and the subsequent flooding brought a degree of destruction not seen in the Hawke’s Bay for decades. If we have learnt anything over these last few years following a global pandemic, lockdowns and cost of living crisis, it is that as a group, Hawke’s Bay people and businesses are...

Riding the wave of uncertainty

The war in Ukraine, volatile European markets and currencies, and challenges across China’s political and economic landscape are just some of the issues impacting almost every country in every corner of the globe – including New Zealand. We are broadly an import economy – and this handful of issues playing out on the world stage is having a direct impact...

Exploring the relationship between business performance and wellbeing

Leading and owning a business has always come with both risks and rewards. It can bring high levels of personal satisfaction, professional development and growth. And for some, it can offer increased independence, lifestyle, flexibility and financial rewards. Yet, such roles also present challenges – many of which have potential to place your mental wellbeing at risk. Against a backdrop...

The construction sector – The have’s vs the have not’s

The opportunities and challenges inherent within New Zealand’s construction sector have always been amplified by its cyclical nature. With the high demand construction firms are currently experiencing in both the commercial and residential sectors, we are seeing the industry take fresh approaches as it responds to market challenges such as procurement of materials and delays due to supply shortages as...

Where is your business heading? and what can you do to help get it there?

While being the best in one’s industry is a lofty business goal, in today’s climate it is crucial to set realistic, attainable goals rather than being caught up in the idealistic. As businesses continue to grapple with the fallout of Covid-19 and government mandates, businesses are left with less operating flexibility and certainty. It is therefore paramount that business owners...

Pro Business advice

The business pivot

While “Pandemic” was voted as the 2020 Word of the Year, you probably haven’t heard the word ‘Pivot’ used with quite so much frequency as you did last year. We’ve all heard amazing stories of companies that have taken up opportunities to shift their focus by changing their product offering, their target consumers, their delivery method, or the way they...

Are you paying the right amount of tax?

As we start to get a better understanding of the new ‘Business as usual’ operating landscape and the initial urgency around business disruption dissipates, at BDO our focus has now shifted to ensure local business have the ongoing support and strategies in place for the medium to long term time periods. By building resilience and taking full advantage of the...

Business after Covid19 – our new normal

The COVID-19 pandemic will in all likelihood change the way that we do business for a long time to come.For most businesses’ turnover is down and owners are having to turn their attention to dealing with an environment that is constantly changing during this time of uncertainty, their inventory requirements (especially those who are reliant on the import & export...

Moving to the Cloud isn’t enough

Over the second half of the last decade we have seen the progression and growth of the tech sector all but explode and stamp its claim on the world’s business landscape. These developments have revolutionised the way that businesses operate and streamlined many of their day to day processes. Accountants may appear to be on the endangered species list in...

Are you ready for your business to grow?

The goal of most businesses is to grow. Growth is exciting. Growth implies success. More sales, more customers, more staff, more profit. But the reality can be very different. We’ll explore some of the common issues SMEs face during a growth stage; and offer some practical advice for how to work through them. Issues like how to approach business planning,...