Tools & Tactics

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Weedonomics

Posted by on 6:51 am in Tools & Tactics | 0 comments

Weedonomics

    In the previous issues of Canterbury Today and Auckland Today we began our review of the legal status of Class C drug marijuana.  In this issue we look at the economic impact of legalisation worldwide and the predicted impact – good or bad if any – that marijuana would have on our economy were it decriminalised or legalised. The economic impact of legalisation in other countries The medical value of marijuana is being recognised by an increasing number of medical professionals and policy makers worldwide and the medicinal use of...

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Facts from the Far Side

Posted by on 6:27 am in Tools & Tactics | 0 comments

Facts from the Far Side

    10 random, fascinating business facts: Wal-Mart averages a profit of $1.8 million every hour. Yahoo! founders Jerry Yang and David Filo selected the name because they considered themselves yahoos (the word “yahoo” first appeared in Gulliver’s Travels and it represents a person who is ‘repulsive in appearance and action and is barely human’). Apple’s iPad retina display is actually manufactured by Samsung. Samsung accounts for 20 percent of Korea’s gross domestic product. The red and white Coca-Cola logo is recognised...

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Strange Stories

Posted by on 6:19 am in Tools & Tactics | 0 comments

Strange Stories

    We’ve all heard the story of Ron Wayne: one of the original Apple co-founders who sold his 10 percent share in the company for just $800 back in 1976.  Today those shares would be worth $35 billion. (Don’t feel bad for him though, he had the opportunity to later return to the company and still chose to put happiness ahead of profit). Surprisingly or not, the business world is filled with similarly fascinating and pivotal stories that have shaped the landscape of the global market. Here are five. BMW is what it is today because...

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Putting People Before Profit

Posted by on 6:15 am in Tools & Tactics | 0 comments

Putting People Before Profit

    The ultimate aim in business, according to the number one hit on Google, is to become rich. For the co-founder of Krama & Co, Rebecca Parnham, becoming rich from her business will never happen, and that’s exactly how she wants it. On a trip to Cambodia in 2010, Rebecca wept as she stood by what is known as the ‘killing tree’. In the 1970s it was at this tree that thousands of innocent people mercilessly lost their lives at the hands of the Khmer Rouge. “I was overwhelmed that despite such a devastating history and while...

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Cut Down to Size

Posted by on 5:45 am in Tools & Tactics | 0 comments

Cut Down to Size

    Is tall poppy syndrome killing your bottom line? “Unfortunately tall poppy syndrome is still alive in New Zealand, which is a shame because it restricts a lot of people from getting external recognition,” Ross Buckley, executive chairman of KPMG New Zealand, says.  If you are Kiwi, you have probably heard of tall poppy syndrome, which is defined as a perceived tendency to discredit or disparage those who have achieved wealth or prominence in public life. In short, it is cutting down those who have grown taller than their peers....

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New Tax Rules for Contractors

Posted by on 5:32 am in Tools & Tactics | 0 comments

New Tax Rules for Contractors

  Good news for contractors: from April 1, 2017, contractors subject to the schedular payment rules are now able to elect their withholding tax rate without having to apply to Inland Revenue for a special tax code. This provides increased flexibility, makes it easier for taxpayers to self-manage their tax obligations and aims to minimise the overall cost to the system. Prior to April 1, a contractor subject to the schedular payment rules was subject to a flat rate of withholding. This rate often did not match a contractor’s actual income...

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Lost in Translation

Posted by on 5:20 am in Tools & Tactics | 0 comments

Lost in Translation

  The workplace today is a multitude of generations. Between graduates, long time professionals and those somewhere in between, and then superiors, subordinates and colleagues, it can be a difficult scene to navigate. A good place to start is with effective communication. Communication is most commonly defined as a transfer of information, thoughts or ideas to create a shared understanding between a sender and a receiver. But it’s even more complex than this. Each generation has its own unique set of communication preferences. These...

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Disaster Control

Posted by on 4:58 am in Tools & Tactics | 0 comments

Disaster Control

  Nowadays a simple mistake can turn into a viral sensation within a matter minutes. Take for example the infamous United Airlines debacle. The footage of a passenger being dragged by security off one of their flights has been viewed more than five million times on Facebook and now every move that United Airlines makes is in the spotlight. It has since come to light that the passenger himself was no saint before the incident but that hasn’t hindered the backlash United Airlines has received. Though most cases will not go to that extreme,...

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Five Top Tips for Passing Building Inspections

Posted by on 4:33 pm in Tools & Tactics | 0 comments

Five Top Tips for Passing Building Inspections

  If you are planning a building or renovation project, it’s likely you will need to obtain an approved consent before beginning work. The process of gaining a consent and following through to obtain a Code of Compliance Certificate at the end can be daunting, time-consuming and frustrating. There are some simple things you and your builder can do to save hours, weeks and dollars on building inspections. Jeff Fahrensohn, inspections manager for Auckland Council’s Building Control team, says there are some simple things you and your...

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Rushing Towards Disaster

Posted by on 4:29 pm in Tools & Tactics | 0 comments

Rushing Towards Disaster

  As 2017 is now well under way, many companies will need to think about recruitment, either to replace staff who changed jobs during the summer, or to expand their current workforce. Often a poor recruitment process leads to serious workplace problems. We’ve all worked in a business or heard of a situation where the completely wrong person has been hired for the job. It is a very expensive, but sadly common, mistake. There are many factors that lead to poor recruitment, such as inexperience, poor interview structure and unintended...

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