What are some of the other challenges?
We have families to support so there is financial pressure to consistently perform well. We also have the financial strain of being responsible for our staff.
It's often a balancing act of running a business and being able to spend time with family. It can also be emotionally draining running your own business because there is always so much to think about. During the harder times it has been tempting to walk away but we've dug deep and stuck with it.
What do you think could be done to encourage and support more Pacific people to start their own businesses?
Pacific Islanders are deeply rooted in cultural beliefs and expectations. It's often a case of 'following in the footsteps of your elders', and traditionally for my parents' generation university attendance or additional courses post-school simply weren't an option. Once you left school - if you completed it at all - it was time to enter the workforce.
This tends to be a model that has been repeated throughout generations, but times are definitely changing. More Pacific Island school leavers are travelling overseas and broadening horizons. Also within the Pacific community of my generation mixed relationships/marriages are not as unusual as in my parents' generation and this is introducing a mix of other cultural ways and beliefs. I think this mix of cultures is bringing an exciting change.
What's the vision for the future of your business?
The plan is to move from small business to medium-sized player. We intend to develop better systems and processes, increase turnover and profitability, grow the agency side of the business to become a nationwide product and maintain our positive staff attitude and 'family friendly' approach to business. We would also like to take the business abroad and expand into the Pacific Islands and/or Australia.
What have been your key learnings from your time in business?
• Be sensible with cashflow, don't overspend and keep within your forecast restraints.
• We've been working closely with a business mentor for the last 12 months and this has really opened our eyes to what we should be doing to make it a better business.
• When building a brand how you present yourself to your target market is key. We've taken a little while in getting our brand's look and feel spot on, but now we have we've been able to build on this and take the business to the next level.
• Sales is key in our game, so getting the sales process right was essential. It is easy in our field of work to lose leads to the competition if your sales process isn't effective
• Earn trust and respect from your staff and other players in the game. There have been many times where our product has been used in conjunction with competitors'; we have established ourselves as key players and offering respect to our competitors has stood us in good stead to be able to do this.
• Always try to increase business, even in quieter times. We tended to rest on our laurels during our early years but we are now just as busy during winter months with forward planning and office-based duties.
Coming up in Small Business: What are some of the cool Kiwi scientific innovations that are being turned into companies? If you've got a good story to tell about this, drop me a note: nzhsmallbusiness@gmail.com