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February 2024 - Bay of Plenty Business News

From mid-2016 Bay of Plenty businesses have a new voice, Bay of Plenty Business News. This publication reflects the region’s growth and importance as part of the wider central North Island economy.

From mid-2016 Bay of Plenty businesses have a new voice, Bay of Plenty Business News. This publication reflects the region’s growth and importance as part of the wider central North Island economy.

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6 BAY OF PLENTY BUSINESS NEWS <strong>February</strong> <strong>2024</strong><br />

NEW YEAR, NEW ME<br />

Like most people, my year<br />

traditionally begins with a<br />

proclamation.<br />

“This year is going to be<br />

different.”<br />

“I am going to be different.”<br />

“I’m going to do things differently<br />

and I’m going to think<br />

differently.”<br />

I don’t call these statements<br />

‘New Year’s resolutions’; In my<br />

experience New Year’s resolutions<br />

typically involve announcement<br />

<strong>of</strong> unrealistic expectations<br />

resulting in inevitable failure.<br />

As many crash-dieters will<br />

tell you, by 1 <strong>February</strong> you end<br />

up knee-high in salt and vinegar<br />

chips and beer having starved<br />

yourself into miserable submission<br />

over the preceding four<br />

weeks – not the best way to start<br />

a new year.<br />

The concept <strong>of</strong> a New Year’s<br />

resolution also begs the question,<br />

“If I’m going to change what I<br />

do from 1 January, why didn’t I<br />

change sooner? Why did I wait<br />

until 1 January to make my ‘road<br />

to Damascus’ proclamation? …<br />

… and why, oh why, did I<br />

proclaim it publicly to all and<br />

sundry?”<br />

At least if you keep your New<br />

Year’s resolution to yourself, you<br />

only need to justify your inevitable<br />

failure to yourself.<br />

By announcing your resolutions<br />

to other people you may as<br />

well have your business cards<br />

reprinted to read, Bob Brown,<br />

Loser and change your online<br />

pr<strong>of</strong>ile space to say, click here to<br />

see a failure.<br />

In the realm <strong>of</strong> New Year’s resolutions,<br />

there are the obvious<br />

fails everyone seems to be able to<br />

do well. My track record in this<br />

space is exemplary. Consider my<br />

<strong>2024</strong> scorecard to date:<br />

• Do more exercise (failed 3 January<br />

<strong>2024</strong>, entire day spent on<br />

couch)<br />

• Drink less alcohol (failed 1<br />

January <strong>2024</strong> and the succeeding<br />

6 days)<br />

• Eat healthier food (failed 6<br />

January <strong>2024</strong>, chocolate)<br />

• Buy fewer takeaways (failed<br />

5,7,9 January <strong>2024</strong>: miscellaneous<br />

cravings)<br />

• Work harder (fail: not<br />

attempted)<br />

• Eliminate spending on stupid<br />

things (succeeded 8 January<br />

<strong>2024</strong>: credit card declined)<br />

Contrast and compare strategy<br />

number two: commit to do<br />

nothing differently from last<br />

year – it’s hard to fail with this<br />

strategy.<br />

I admit, this may seem rather<br />

negative. Although ‘the power <strong>of</strong><br />

positive thinking’ is usually the<br />

motivator – e.g. be positive … you<br />

will join the gym and go every<br />

day for the entire year – think<br />

about it … seriously there’s a fail<br />

looming!<br />

Instead, I recommend ‘the<br />

power <strong>of</strong> no thinking’: don’t do<br />

anything rash (and definitely<br />

don’t commit to new regimes at<br />

11:59pm on 31 December), then<br />

sit back and celebrate the failure<br />

you just averted. The adrenalin<br />

rush <strong>of</strong> a near-miss can be<br />

exhilarating.<br />

In the same way experts recommend<br />

not going to the supermarket<br />

to shop on an empty<br />

stomach, I also recommend not<br />

making New Year’s resolutions<br />

on a generally ‘feel-good’ day like<br />

New Year’s Eve. Instead leave it<br />

for 24 hours and see how you feel<br />

about that gym workout at 3pm<br />

on New Year’s Day … see what I<br />

mean?<br />

I believe the same rules apply<br />

to business strategies, or realignment<br />

programmes as I like to<br />

call them when I want to sound<br />

knowledgeable by using BS<br />

(<strong>Business</strong> Syntax). We shouldn’t<br />

be picking an arbitrary date at<br />

which we decide we are going to<br />

treat our customers better; We<br />

shouldn’t turn a new leaf on the<br />

first day <strong>of</strong> the financial year and<br />

start being responsible employers<br />

on 1 April – I mean that date<br />

is problematic from a credibility<br />

perspective at the best <strong>of</strong> times –<br />

surely we should have been aiming<br />

to treat customers well and<br />

be caring employers all along …<br />

shouldn’t we?<br />

Nothing wrong with assessing<br />

our performance, deciding<br />

where we can improve and then<br />

implementing changes, but there<br />

> At risk <strong>of</strong> sounding too-Harvard, continuous<br />

improvement is an actual business theory, a<br />

process <strong>of</strong> making small incremental changes that<br />

add up to significant results based on deliberate<br />

observation <strong>of</strong> current processes. Kaizen, the<br />

continuous improvement method, originated in<br />

Japan.<br />

should not be an allocated time<br />

<strong>of</strong> year at which we do it – it<br />

should be a constant, continuous<br />

process.<br />

At risk <strong>of</strong> sounding too-Harvard,<br />

continuous improvement<br />

is an actual business theory, a<br />

process <strong>of</strong> making small incremental<br />

changes that add up to<br />

significant results based on deliberate<br />

observation <strong>of</strong> current processes.<br />

Kaizen, the continuous<br />

improvement method, originated<br />

in Japan.<br />

HAVE YOU EVER<br />

NOTICED?<br />

BY ALAN NEBEN<br />

The reason many <strong>of</strong> us however<br />

end up making big changes<br />

to the way we run our businesses<br />

after we come back from our<br />

Christmas holidays is that the<br />

holiday period is the only time<br />

we get to think about the process<br />

without being interrupted with<br />

day-to-day problems and challenges.<br />

Some <strong>of</strong> my best business<br />

improvement ideas have come to<br />

me whilst floating in the pool at<br />

Denarau with a Fiji Bitter in my<br />

hand.<br />

In conclusion ladies and gentlemen,<br />

may I suggest to you all<br />

that if you want more business<br />

success and greater efficiency,<br />

take more holidays, turn <strong>of</strong>f your<br />

phone more <strong>of</strong>ten, and make<br />

business improvement more continuous<br />

and less annual. That’s<br />

My <strong>Business</strong> Advice (MBA).<br />

Alan Neben is a Mount Maunganui<br />

local and experienced New Zealand<br />

publisher. His columns provide a<br />

light-hearted perspective on social<br />

changes effecting New Zealanders.<br />

Jarden’s local wealth management experts Sarah and Simon, will<br />

work with you to guide you toward your long term financial goals.<br />

Contact us<br />

Sarah Ashby: +64 27 211 0760<br />

Simon Bradley: +64 27 427 3899<br />

www.jarden.co.nz/wealth-management<br />

Jarden Securities Limited is an NZX Firm. Jarden Financial Advice<br />

Provider Disclosure statement is publicly available at<br />

www.Jarden.co.nz.Jarden is not a registeredbank in New Zealand.

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