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Five things companies should consider before they scale up

  • Opinion
  • October 3, 2019
  • Ben Kepes
Five things companies should consider before they scale up

Ben Kepes is a technology analyst, commentator and consultant. His commentary has been widely published in such outlets as Forbes, Wired and The Guardian, while he has also been an investor in a large number of early-stage technology start-ups across three continents and has had successful exits to listed and privately held companies in Canada, the US, and the UK. He currently sits on the boards of a number of non-profit, privately held and listed companies in New Zealand and the UK and has won a number of accolades, including being a recipient of the Sir Peter Blake Leadership Award in 2016. Here, he shares five things companies should consider before they scale up.

  1. Nothing is guaranteed. A bird in the hand is worth two in the bush and maybe (just maybe) selling out early is the best option for you. Sure, there'll be the NBR trolls hating on you, but there ain't nothing wrong with a million bucks for a few years work.
  2. Want life balance, positive relationships outside of work, and to engage in other hobbies? Maybe going big doesn't align with your other goals. Again, be realistic. If you're up for some seriously hard work for a few years, then go for it. But if you want to be a good partner, parent or community members, think long and hard about that.
  3. Those VCs who get paid based on the returns they achieve for your investors? Nope, they don't care about you beyond what you can do to deliver them multiples. They might be nice people, but they have a job to do – and that is to make a return for the people entrusting their money with them.
  4. We're a market of four million people. If you suffer from jetlag, are scared of flying or have a criminal record that means getting into the US is hard... think again. Our version of crossing the chasm happens early – get good at long haul flying.
  5. It's a wild ride and, if it works within your external constraints, going big is an incredible adrenaline rush. Illicit drugs are illegal, start-ups aren't. The high is (so I'm led to believe) similar.    
     

This story originally appeared on Idealog.

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Building transparency in your supply chain

  • Opinion
  • November 14, 2019
  • Vanessa Thompson
Building transparency in your supply chain

Brands are under pressure to become more ethical, but how does this pressure apply to Kiwi fashion retailers? Unravelled Consultants founder and director Vanessa Thompson explains.

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Coastlands celebrates 50 years in business

  • Opinion
  • November 13, 2019
  • Jennie Gutry
Coastlands celebrates 50 years in business

Coastlands Shoppingtown in Paraparaumu is celebrating its 50th year in business. Coastlands 50th birthday event manager Jennie Gutry shares some reflections on the centre's early years.

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Me|today pairing skincare and supplements launches

  • News
  • November 13, 2019
  • Sarah Dunn
Me|today pairing skincare and supplements launches

Consumers are often highly engaged with the brand that produces their skincare products, but less so when it comes to supplements. The idea behind me|today, a start-up selling paired product in both categories, is to leverage that engagement.

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Social scoreboard

Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

 
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Michael Hill to offer lab-grown diamonds in New Zealand

  • News
  • November 11, 2019
  • Sarah Dunn
Michael Hill to offer lab-grown diamonds in New Zealand

Traditionally, prospective proposers should spend three months’ salary on an engagement ring. It should be a diamond solitaire, ideally one carat or bigger. However, in a market where many younger shoppers are struggling with student debt, concerned about housing affordability and suspicious of mined diamonds’ ethical credentials, Michael Hill has moved with the times and introduced an alternative.

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Winners of the 2019 Westpac New Zealand Franchise Awards announced

  • News
  • November 11, 2019
  • The Register team
Winners of the 2019 Westpac New Zealand Franchise Awards announced

This marked the 25th year for the Westpac New Zealand Franchise Awards. Independently judged by the NZ Business Excellence Foundation, the awards are organised by the Franchise Association of New Zealand. Read on to find out the winners.

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Yealands Wine Group appoints Tiffani Graydon as CEO

  • Who's Where
  • November 9, 2019
  • The Register team
Yealands Wine Group appoints Tiffani Graydon as CEO

New Zealand wine producer Yealands Wine Group has today announced the appointment of Tiffani Graydon as its new chief executive. Graydon has previously worked at Yealands in a GM sales and marketing capacity.

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