A big “thank you” to the almost 100 people who joined us last night for the Elevate CA first birthday celebrations in our office. With cocktails being shaken at the end of the red carpet in the lobby through to the live music playing inside, this was no ordinary accountant’s function.
RJ Don Panelbeaters
RJ Don Panelbeaters have been on Auckland’s North Shore for 50 years now – and for the second half of that time, Chris Kelly and his family have been at the helm.
The smash repair industry is a tough one. The powerful insurance industry is the source of most of its revenue – and it flexes its collective muscles to ensure margins are kept tight. For example, in an era when motor vehicle dealer franchise mechanics are charging out at up to $120 per hour, the maximum rate insurance companies will pay for smash repair work is around 1/3rd of that amount. And with the insurance companies increasingly sourcing and supplying the parts required for a repair, the traditional parts margins are under pressure as well.
So how does RJ Don Panelbeaters thrive while many others in the industry merely subsist?
Well, it all comes down to Chris Kelly’s very special skills in leading and motivating a team. The crew at RJ Don Panelbeaters operate as a true team. They are all highly skilled and focussed on getting the job done efficiently and right first time. Everyone in the team is charged with ensuring customers are delighted – and that deadlines and promises are met. With its tight margins, this is an industry where mistakes, wasteage, rework or dissatisfied customers can quickly eliminate the fruits of an entire month’s hard work. This team is focussed on making very sure none of these things happen.
When you walk through the large bi-fold aluminium doors from the reception area into the RJ Don Panelbeaters workshop, the first thing you notice is how spotlessly clean and organised the surroundings are. The second thing is how energised the workshop feels. And the third is a large sign displaying the team motto: “Together Everyone Achieves More”. These guys live by that motto.
It’s no coincidence that the crew at RJ Don Panelbeaters are among the best paid in the industry. Chris Kelly makes a point of sharing the business successes with those who help to make it happen. These guys seriously have fun together – and they all enjoy the fruits of the business. The picture above is at a recent RJ Don Panelbeaters team trip to Sydney to catch a Warriors game and to celebrate a record month.
Chris avoids individual performance bonuses and incentives like the plague – when the team does well, the whole team benefits. If a particular person doesn’t pull their weight, the team will typically pull them into line well before Chris or his managers need to get involved.
Chris Kelly and his team demonstrate that by doing things differently it’s possible to thrive – even in difficult times and in a difficult industry.
RJ Don Panelbeaters is located at 124 Wairau Road, Takapuna – phone 09-444-9292.
Year-end Process
It seems that no sooner has Christmas passed than a new financial year is upon us. For us, that means the start of another busy compliance season – and fortunately we are very well organised and prepared for this. For most of our clients, this means finalising the year – and organising your records to bring to us. Here is the year-end process.
Caught out: Associated Persons Rules
The new associated persons rules for land transactions have caused some angst since coming into effect in August 2009. Associated persons rules were initially applied to land transactions in 1973 in response to a perception that developers were treating their activities as investments rather than taxable activities. The 1973 regime survived until August 2009 – and under those rules with a smart accountant it was still generally possible for developers to hold investment properties in a separate entity without tax on the capital gains on their investment properties.
Business Owners Forum Topics
Here is the list of topics planned for the next few months in both Auckland and Whangarei:
20 May – Whangarei. Rough guide on how to value a business. Preparing a business for sale. What purchasers look for. What factors impact on what a person may pay for a business. Impact of today’s lending environment on business values. Process of buying and selling, due diligence etc. Common traps and tips.
15 July – Whangarei / 19 August – Auckland. How to motivate and reward your team. Techniques from the coalface to motivate and reward staff, and in particular ways to tie performance to remuneration. Common traps and pitfalls.
16 September – Whangarei / 21 October – Auckland. Succession and admitting new shareholders. Discussion on some of the issues and fish-hooks in admitting new shareholders to a business as a way to bring in new blood and pave the way towards succession. Ways the purchase of shares by an incoming shareholder can be financed.
18 November – Whangarei / 2 December – Auckland. How to build a winning culture and use it to create a competitive advantage. What works and what doesn’t work – including war stories from a client who has done it well!
3 February 2011 – Whangarei / 17 February 2011 – Auckland. Advertising – examining the different media available, some expert comment on what works and what doesn’t, how to measure advertising success or failure, and how much to spend relative to cashflow.
Panelists will be confirmed a few weeks ahead of each event
Format is casual, normally with a panel of three professionals skilled in the particular topic of the day. Lively discussion is the order of the day rather than the more usual presentation “seminar” format. We even put on beer, wine and pizza to lubricate discussion and get the creative juices flowing.
Business Owners Forums are supported by likeminded businesses ElevateCA, The Bottom Line Expense Reduction, BNZ and Webb Ross Lawyers.
So how do you get involved?
Just contact Fraser Hurrell and ask to be put on the email list – and you’ll be kept fully informed of upcoming events and suggested topics. We don’t spam – and you can unsubscribe automatically from the list any time with one click.
Fraser Hurrell is one of three directors of Elevate CA Limited, Chartered Accountants & Business Advisors in Whangarei, New Zealand.
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