Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Auckland firm to expand into the Capital

Auckland firm to expand into the Capital


While many businesses are heading for northern pastures, Auckland-based firm Platform 1TM is doing the opposite — next month they will set up an office in Wellington.

Platform 1 assists business owners to transition from being owner/managers in their businesses to becoming founder investors. They cater for business owners who want to increase the wealth in their businesses but have either run out of ideas or energy and might be looking for an alternative to selling. Part of the process is to introduce a General Manager who will later take a minority shareholding if everything works out.

“We give business owners an alternative to selling their businesses outright ... they get a better income stream and better lifestyle,” says Geoff Shaw (Partner).

Mr. Shaw explains that Platform 1 has evolved from their executive search and recruitment business, Saturn Group, over the past 12 years. “Leadership transition is different to executive search and recruitment. It requires much more assessment at the front end and more in-depth understanding of where the business owner wants to go and what their business needs,” he says. Mr. Shaw says that over 12 years, they have facilitated more than 45 leadership transitions. During this time, they have learned what works and what doesn’t; what the critical factors are for success.

“We’ve done a long apprenticeship. This has given us the ability to deliver great results,” he says. “We are seen as business people in recruitment, not just recruiters. We understand what it’s like being in business.

Mr. Shaw says there are other organisations that assist with succession planning, like banks, chartered accountants and professional advisory firms. However, Platform 1 is different because they focus on the people side of businesses.

Why is Platform 1 setting up in Wellington?

“There are huge opportunities in Wellington and throughout the North Island ... it makes sense to bookend the North Island from Auckland and Wellington,” says Mr. Shaw.

He says that businesses operating outside the main centres tend to get overlooked: “They fall off the radar — some of our biggest successes have been in the regions.”

Mr. Shaw says the reception received in Wellington and throughout the North Island has been very positive.

“It’s like anything — if you show some real interest and put in the effort, you’ll be successful,” he says.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news