Latest / The SME Stream / SME Stream Weekly Wrap - 1st November

Transcript

SME Stream Weekly Wrap - 1st November · The SME Stream

• 0:01
  Speaker 1: Yoda and welcome to the SMEE stream weekly wrap up,
• 0:04
  Speaker 1: brought to you by being Zed. My name is Wilhelmina Shrimdon,
• 0:07
  Speaker 1: and every week I'll bring you a short, sharp and
• 0:09
  Speaker 1: very sweet summary of all of the latest business news because,
• 0:13
  Speaker 1: as most of us know, when it comes to business,
• 0:15
  Speaker 1: there's peaks, there's pits, and there's everything in between, and
• 0:18
  Speaker 1: often it's hard to keep up with your own day
• 0:21
  Speaker 1: to day, let alone what's happening with the economy and
• 0:23
  Speaker 1: how it affects you. So that's where I come in,
• 0:26
  Speaker 1: wrapping up everything you need to know or may have
• 0:28
  Speaker 1: missed over the past week, and as a small business
• 0:31
  Speaker 1: owner myself, I'll be on this journey with you too.
• 0:34
  Speaker 1: This week we unpack the latest job stats. We look
• 0:37
  Speaker 1: at what business in Z wants from the government to
• 0:39
  Speaker 1: supports me as and in zed why in Z Post
• 0:42
  Speaker 1: could produce its delivery days, as well as some really
• 0:45
  Speaker 1: engaging chats with property expert Nicole Lewis and business leader
• 0:48
  Speaker 1: Cassie Roma. Quarterly unemployment figures are due out next Wednesday,
• 0:57
  Speaker 1: but the team at Stats in Z have given us
• 0:59
  Speaker 1: a bit of a sneak preview this week, and as predicted, Unfortunately,
• 1:03
  Speaker 1: things are really tough, with the numbers showing there's been
• 1:06
  Speaker 1: no job's growth across any of the last six months.
• 1:10
  Speaker 1: According to the Monthly Employment Indicators, the total number of
• 1:14
  Speaker 1: filled jobs at the end of September was two point
• 1:17
  Speaker 1: three five million, down point nine percent on the same
• 1:20
  Speaker 1: month a year ago. It turns out young Kiwis have
• 1:23
  Speaker 1: been the hardest hit, with fifteen to twenty nine year
• 1:26
  Speaker 1: olds in filled jobs down by about twenty nine thousand,
• 1:29
  Speaker 1: and regionally, workers in Auckland did it particularly tough, with
• 1:33
  Speaker 1: a dip of one point three percent or ten and
• 1:36
  Speaker 1: a half thousand jobs.
• 1:37
  Speaker 2: Yeah, the biggest hit so far in terms of sectors
• 1:40
  Speaker 2: has been construction, around about just over ten thousand fewer
• 1:44
  Speaker 2: jobs in construction than a year ago, but then after
• 1:48
  Speaker 2: construction sort of smattering across the board around seven thousand
• 1:52
  Speaker 2: fewer jobs and admin and support services and that includes labor,
• 1:55
  Speaker 2: high and temporary roles.
• 1:57
  Speaker 1: Infometrics principal economist Brad Olsen expects it's unemployment to hit
• 2:01
  Speaker 1: five percent next week before peaking by mid next year,
• 2:04
  Speaker 1: but it's hoped there'll be a small light at the
• 2:06
  Speaker 1: end of the tunnel as kiwis slowly begin to refix
• 2:09
  Speaker 1: their mortgages and move on to lower interest rates. You
• 2:12
  Speaker 1: can hear the full interview with Brad Olsen on the
• 2:14
  Speaker 1: SMEE stream. Now, the team at Business n Z are
• 2:18
  Speaker 1: fighting for the little guy after seeing many small businesses
• 2:21
  Speaker 1: grapple with regulations and red tape. Now they're calling on
• 2:25
  Speaker 1: the government to have a rethink of the things it's
• 2:27
  Speaker 1: labeled a burden for business. A new report from the
• 2:31
  Speaker 1: organization claims small Kiwi businesses are bogged down by compliance
• 2:35
  Speaker 1: hurdles and complicated regulations, which says cost time and money,
• 2:40
  Speaker 1: something I'm sure a few of us would agree with.
• 2:42
  Speaker 1: Business n Z says politicians need to ease the burden
• 2:46
  Speaker 1: and not politicize it.
• 2:47
  Speaker 3: A lot of the debate about small business ends up
• 2:49
  Speaker 3: making vague statements about we want to cut red tape,
• 2:52
  Speaker 3: but you've got to get into the specifics about what
• 2:54
  Speaker 3: you're actually going to do.
• 2:56
  Speaker 1: It's specifics that Business in Z has highlighted in a
• 2:59
  Speaker 1: shopping list of chain that can be made to help
• 3:01
  Speaker 1: small businesses on it, things like a rethink of regulations,
• 3:05
  Speaker 1: improving government engagement, better promotion and development of business dot
• 3:09
  Speaker 1: govt dot NZ as the government contact for small business
• 3:13
  Speaker 1: and embracing new inconsistent technology when it comes to communicating
• 3:17
  Speaker 1: those regulations. If you're a business that relies heavily on
• 3:22
  Speaker 1: the postal service, then listen up. Because the Ministry of Business,
• 3:25
  Speaker 1: Innovation and Employment is pushing for changes to nz Post.
• 3:30
  Speaker 1: MB says fewer mail items are doing the realms, and
• 3:33
  Speaker 1: in response, it's considering introducing fewer weekly deliveries and reducing
• 3:38
  Speaker 1: the number of postal outlets.
• 3:40
  Speaker 3: In two thousand and two, for example, one billion metters
• 3:42
  Speaker 3: went through the postal system.
• 3:44
  Speaker 4: It's now down to about one hundred and eighty million
• 3:46
  Speaker 4: right now.
• 3:47
  Speaker 1: N z Post delivers mail three days a week in
• 3:49
  Speaker 1: urban areas and five days in rural ones, but rural
• 3:53
  Speaker 1: communities say that those deliveries are an absolute lifeline for
• 3:56
  Speaker 1: the areas that don't have access to broadband rural.
• 4:00
  Speaker 4: The intent of rule board band and other things like
• 4:02
  Speaker 4: that mean that it's harder to do things online, such
• 4:05
  Speaker 4: as paying your bills or other things like that.
• 4:07
  Speaker 1: If that's you, don't worry. There's stellar chance to have
• 4:10
  Speaker 1: your say with the Ministry currently seeking submissions as part
• 4:13
  Speaker 1: of a consultation process. There could be a QR code
• 4:18
  Speaker 1: related solution to those pesky payWave and card surcharges we
• 4:22
  Speaker 1: talked about on the podcast a couple of weeks ago.
• 4:25
  Speaker 1: With a new app coming next year backed by B
• 4:27
  Speaker 1: and Z. Pay app will offer contactless payments through the
• 4:30
  Speaker 1: use of a QR code with a lower rate than
• 4:33
  Speaker 1: the average merchant fee. Customers will also be able to
• 4:37
  Speaker 1: send and receive money and manage bank accounts through the app.
• 4:41
  Speaker 1: B and Zed's Ross Jackson says it's a proven system
• 4:43
  Speaker 1: already used around the world.
• 4:45
  Speaker 2: It creates the ability to recognize a purchase and a
• 4:49
  Speaker 2: purchase amount using just a phone, and the QR code
• 4:53
  Speaker 2: leaped to a point of sale channel.
• 4:55
  Speaker 1: Now, we've all heard about interest rate cards and of
• 4:58
  Speaker 1: course the big one likely on its at the end
• 5:00
  Speaker 1: of the month. Most of us have also heard the
• 5:03
  Speaker 1: chat about how now is one of the best times
• 5:06
  Speaker 1: to buy before those house prices shoot up. But what
• 5:08
  Speaker 1: if you already own your own home and you've been
• 5:10
  Speaker 1: toying with the idea of an investment property.
• 5:12
  Speaker 4: So you have a poor yield if you buy wrong.
• 5:17
  Speaker 4: If you buy right, you have a really good yield
• 5:20
  Speaker 4: and you have high cash flow, which is why you
• 5:22
  Speaker 4: should be investing, so you can retire off that money
• 5:25
  Speaker 4: and have passive income and the capital canes become a byproduct.
• 5:29
  Speaker 1: That's property expert and invest in Nicole Lewis Yarningterton Beverage
• 5:33
  Speaker 1: about how to invest well. And while many people believe
• 5:37
  Speaker 1: they'll need to top up rental income in order to
• 5:39
  Speaker 1: pay the mortgage on an investment property, Nicole says it's
• 5:42
  Speaker 1: actually possible to find something that gives you great returns
• 5:46
  Speaker 1: and have a little bit of extra cash left.
• 5:47
  Speaker 4: Over to It's easier to find a standard three bedroom,
• 5:51
  Speaker 4: one bathroom house that will be cash negative than it
• 5:55
  Speaker 4: is to find a multi income property that will be
• 5:58
  Speaker 4: cash positive. That you should be searching for those multi
• 6:01
  Speaker 4: income cash positives. That's how to secure your portfolio and
• 6:05
  Speaker 4: so you don't get yourself in trouble when interest rates
• 6:09
  Speaker 4: go up.
• 6:10
  Speaker 1: You can hear the full interview on the SMEA stream.
• 6:13
  Speaker 5: If you leave a job and find something with a
• 6:16
  Speaker 5: competitor or that you're more curious about, that puts you
• 6:19
  Speaker 5: at a higher level each time you leave a job
• 6:22
  Speaker 5: because you are curious and you've put time into your role,
• 6:25
  Speaker 5: you can make twenty to fifty percent more every time
• 6:28
  Speaker 5: you move. And that's what happened to me.
• 6:30
  Speaker 1: That's the voice of innovator, entrepreneur and creative leader Cassie Roma.
• 6:34
  Speaker 1: She's got a really impressive CV, holding high flying marketing
• 6:37
  Speaker 1: roles at big name businesses like Air New Zealand, AMZ Bank,
• 6:41
  Speaker 1: the Warehouse Group, and has since launched to their own
• 6:44
  Speaker 1: business while relocating to the States. If you don't recognize
• 6:48
  Speaker 1: the name, you might recognize the face. After she appeared
• 6:50
  Speaker 1: on The Apprentice, Altered Oa and Celebrity Treasure Island, she
• 6:54
  Speaker 1: sat down with the lads from Business in Between to
• 6:56
  Speaker 1: talk about making moves in the corporate world, answering email
• 7:00
  Speaker 1: only twice a day, the absolute dream, and her push
• 7:03
  Speaker 1: to swap meetings for three simple bullet points in one
• 7:07
  Speaker 1: of her roles.
• 7:07
  Speaker 5: If that decision maker is not in the room, then
• 7:09
  Speaker 5: we're having a meeting about a meeting without the person
• 7:11
  Speaker 5: who needs to be in the meeting, and I won't
• 7:13
  Speaker 5: be attending. And so it was funny because at that business,
• 7:16
  Speaker 5: it only took two or three emails with that template
• 7:19
  Speaker 5: in it for me to start seeing other people's templates,
• 7:22
  Speaker 5: and our meetings started to go from an hour to
• 7:24
  Speaker 5: thirty minutes, thirty to fifteen hell sometimes there were just
• 7:27
  Speaker 5: three bullet points.
• 7:28
  Speaker 1: You can listen to the full interview on the SMEE
• 7:30
  Speaker 1: stream and for the space enthusiasts among US Rocket Labs
• 7:35
  Speaker 1: Chief executives, Sir Peter Beck chats to Madison Ready on
• 7:38
  Speaker 1: Markets with Madison and the SMEE stream about the delay
• 7:41
  Speaker 1: to its Neutron rocket launch and whether it'll be ready
• 7:44
  Speaker 1: for take off by'm mid next year.
• 7:46
  Speaker 3: We always kevin everything we say and with it's a
• 7:49
  Speaker 3: rocket program, right and you know, the programs on track
• 7:52
  Speaker 3: for that launch date and everything's good, but it only
• 7:55
  Speaker 3: takes one small element, you know, to reset those sorts
• 7:59
  Speaker 3: of things as it stands today. No, we're we're you know,
• 8:02
  Speaker 3: we're feeling and looking good for that.
• 8:04
  Speaker 1: In the full interview, he tells us about what's left
• 8:07
  Speaker 1: to prepare for the launch and why some investors have doubts.
• 8:12
  Speaker 1: And that's set for the weekly rat next week, we'll
• 8:14
  Speaker 1: take a closer look at those latest unemployment figures due out,
• 8:17
  Speaker 1: plus all of the latest business news and of course
• 8:20
  Speaker 1: the best bits on the Sneath Street