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

 

OceanaGold: Man Killed In Waihi Mine Accident

A 29-year-old man had died following a work place accident at OceanaGold mine, Waihi last night. The man was killed after the front end loader he was in rolled down a slope. The accident happened at approximately 6.30pm on Thursday night. More>>

ALSO:

Constructing Consent: Annual Housing Consents Highest In Over A Decade

More than 29,000 new homes gained building consent in the year to June 2016, up 16 percent from the previous June year, Statistics New Zealand said today. More>>

ALSO:

War Against Weevil For Future Peas: “No Peas, No Weevil” Ban Now In Place In Wairarapa

The Ministry for Primary Industries (MPI) has today placed a ban on growing peas within a specified area and placed controls on moving pea material (seed and untreated pea straw) within, in and out of this area for the next 2 years. More>>

ALSO:

Wood Producers: Crisis In New Zealand Log Supply

New Zealand wood processing leaders held a hui with senior government officials and political leaders in Whangarei yesterday to assess the acute log supply shortage to local mills in Northland. More>>

Consents And Taxes: Trustpower 'Very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news