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Preparing your businesses for the cannabis referendum

In September 2020, New Zealanders will be asked to decide on whether or not cannabis should be legalised via a referendum. https://www.referendums.govt.nz/cannabis/summary.html In a nutshell a ‘YES’ vote will allow a person aged 20 or over to be able to: Buy up to 14 grams of dried cannabis (or its equivalent) per day only from licensed outlets Enter licensed premises where cannabis is sold or consumed Consume cannabis on private property or at a licensed premise Grow up to 2 plants, with a maximum of 4 plants per household Share up to 14 grams of dried cannabis (or its equivalent)

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The Big Short – Diversifying the Supply Chain

As we have heartbreakingly learnt, this was no SARs. The reliance on China as a mature economic power has created a perfect storm in terms of vulnerability to the global supply chain and to world-wide logistics. For most of us, this has highlighted the risk of reliance on supply chains that stretch well beyond our borders. New Zealand, while isolated at the best of times, is not alone in this unique problem. As a consequence, there is a global drive to look at ways to shorten supply chains, in particular the consideration of a shift to “onshoring”. In fact, the

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Why Spend Money on Social Media – Part Two

I recently spent some time with a group of business leaders who all had concerns about how best to use the money that was coming into their companies. One area that came up in discussion was justifying our spend on Social Media. Let us find some context for this business investment. Last week my eleven-year-old grandson was introduced to a programme on free to air television. “What are these?” he asked when the ads came on. Is it any wonder Television and print media are on a seemingly terminal decline? When kids do not even recognise a paid TV advertisement

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Strategic Resillience : How To Ensure Your Business Can Thrive Through The Next Crisis

They say hindsight is a wonderful thing…so ask yourself ‘could I have done anything differently before or during lockdown to minimise the impacts on my business?’ This may be a difficult question to answer for a lot of business owners and managers, but now is the time to reflect and take any learnings from this crisis to ensure you’re as prepared as you can be for the next one. The COVID-19 lockdown caused a huge shockwave throughout New Zealand, with businesses hit hard. Understandably, business owners went into crisis management mode – this was about trying to make sense of

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Have You Heard Of Leadership Fatigue?

Leadership Fatigue is becoming far more prevalent since COVID-19 turned our world upside down and business leaders have been forced to work harder than ever at keeping their business alive while keeping staff employed, safe and motivated. Most leaders have been focused outwards for the last eight weeks worrying about staff, their family and friends and may have barely spared a thought for themselves. The effects of this long term can be devastating and many senior executives could be suffering from Leadership Fatigue without even knowing it. That is why it is imperative you take the time to check in

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How to survive and thrive in the longer term

With New Zealand now at Alert Level 1, businesses are focussing on how to survive and thrive in the longer term. Here are some things to consider. 1. Protect and build your cash In tough times cash is king. Track your cash closely with an accurate, longer term, cashflow forecast. Receive payments faster: some businesses will fail and fail fast. To ensure you are paid quickly, utilise prepayments, deposits, credit card payments, direct debits and prompt debt collection. If you have debt, maintain clear communication with your lender to ensure confidence. Build your cash reserves, there will be many opportunities

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