Blog

Craig and Nick talk best business advice for business owners

Posted by Craig Weston at Thursday, September 26, 2019

Craig Weston recently sat down with Nick Giles, Head of Hospitality New Zealand at Link Business Broking.  Really impressed with Nick and his team and what they do.  See our short video where we talk about the important things to keep in mind when looking to buy and run a business.

Video Craig and Nick

Investing in our communities

Posted by Craig Weston at Thursday, May 30, 2019

Last week in my capacity as a co-director of a company called G-Fund Ltd, I had the pleasure of jointly accepting “The Business Institutional Innovation Award” along with our friends at ANZ Bank (Capital Markets) at the INFINZ 2019 Awards evening. With 750 people from NZ professional finance community present it was a great night.

G-Fund Ltd is a subsidiary of Genesis Youth Trust which operates in South Auckland.

Two years ago, G-Fund Ltd promoted a $6 million social impact bond in conjunction with ANZ Bank who brought the Bond to market.

The idea is that socially minded investors invest in the bond through G-Fund, which in turn invests in the Genesis Youth Trust with the aim of reducing the level of youth re-offending in our communities. Investors receive a commercial rate of return on their investment.

The Trust partners with NZ Police, Oranga Tamariki and ANZ Bank along with a number of community minded people and organisations.

The aim is to work with 1,000 medium to high risk young people in their communities over the 6 year life of the Bond.

After the first 18 months of operation, we are seeing a marked reduction in the level of re-offending and the severity of offending, which is awesome.

Genesis Youth Trust has with a great team of socially minded and committed people who make a difference every day in the lives of our at-risk young people.

It’s a pleasure to be involved in this in my capacity as a co-director of the funding arm. We are accountable to the investors – it’s a big responsibility but well worth it when one sees the change that the Social Impact Bond is making.

Craig

Be Prepared

Posted by Craig Weston at Monday, April 15, 2019

Every year we do our annual back-country bike ride I learn something new.

Back up the story – each year a group of 4 old-boy scouts including me reunite to do an NZ mountain bike ride for a week. This year was in February and we did the Motu area (in behind Opotiki).

So what did I learn this time? Read on….

When you don’t fall off your bike for a while you start to think you have it licked. You seem to be pretty good at surmounting problem areas, tight turns, rocks on the tracks etc. I’ve heard it said ‘Pride commeth before a fall” – not sure about the pride in this instance but I sure had the fall!

One of our party was injured – fell down a slope and cut his leg. Slowed him down. I was delegated to ride on ahead and get the vehicle and bring it to the road head to pick up the team who would follow up slowly.

Somewhere down the track alone about 17K from the vehicle, I came off my bike – went over a river bank and landed in a dead tree perched above the rocks below. Upside down, bike on top of me, foot caught in the bike, no one around. What to do?

Rising panic! But managed to extricate myself from the bike, climb down the dead tree, jump onto the rocks below and climb back up on the track then go down the tree and pull my bike back up. I noted some cuts and bumps on the body, jumped on the bike and carried on. Another few km down the track the bike gave up! Turns out the tree had damaged the hanger mechanism which the chain goes through. Nothing left but to walk the rest of the way!

Did that – got the vehicle and returned to pick up the guys. Big day out, totally stuffed!

What did I learn?

When you think you have it licked – do a reality check. Are you prepared for the unexpected? The old Boy Scout motto – “Be Prepared”

Don’t go it alone – should have been two of us going and two left to follow slowly.

Relates to Biking as well as Business I reckon. In business:

  • Plan well and have a back up plan – be prepared
  • Involve others – don’t go it alone

Craig

As 2018 comes to an end

Posted by Craig Weston at Monday, December 17, 2018

It’s almost the end of the calendar year – an opportunity to glance back at what the past year held, take a long breath over the break, and then look at what could be for 2019.

There is something about looking back that is positive – reviewing what went well and what went not so well. It’s an opportunity to learn from the past to give us wisdom for the future.

As we end this year, our wish for our clients and friends is that you will truly enjoy your Christmas break (whether that be short or long) and come back positively renewed for the new year ahead.