Home' Bay Chronicle : February 24th 2011 Contents 2 BAY CHRONICLE, FEBRUARY 24, 2011
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lynn poph m@snl co nz
K ri Molloy
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k rik ri itor@snl co nz
h 09 407 0364
m il: lin storm@snl co nz
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m il: north.cl email@example.com
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Box s. Rural areas include:
K o D 1, 2. K it i D 3
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.O. Box 392, K rik ri.
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.O. Box 1, K ikoh .
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F x 09 401 2129
www. ychronicl .co.nz
WEBER LT D
chartered accountants and business advisors
So you want to buy a Business?
1 Buy a business that is right for you.
It needs to fit your skill set, knowledge,
interests and personality.
2 Do proper due diligence. This process
is essential! It may cost you to involve your
professional, but it could save you 100 fold
- or even better - avoid you purchasing a
3 Know why the business is on the
market. Often there are genuine reasons
such as leaving the area or retirement but
sometimes there are concerning reasons
they want out such as new competition,
declining sales, or the loss of a major
4 Make changes slowly. Image and
staff are important and these are often
well established and are integral to the
5 Do not let your emotions cloud your
judgement. Emotions such as desperation
of needing a source of income or job need
to be kept well out of the decision-making
and negotiation process. Buying a business
where you make no money is not a source
6 Have your agreements reviewed by a
professional. This does not just relate to
a sale and purchase agreement but also
lease agreements. Some leases lock you
in for a long period of time with no right
to exit and have personal guarantees
attached. Do not sign unless you know the
7 Do not overextend yourself financially.
An excellent business purchase at a great
price does not guarantee success. Most
businesses fail because they do not have
sufficient cash behind them and/or they
have too much debt . Cash is King!
8 Promote the business. You might have
purchased a business with a steady
customer base but that does not mean
you will keep them. Always stay one step
ahead and keep your name in lights.
9 Know the value of the business.
Involve your accountant, even only if
for an indicative valuation. They will do
the 'number crunching' to establish a
reasonable price. Whitelaw Weber also
provides a due diligence checklist and a
guide to purchasing a business. All for
around $500 + GST.
10 Structure correctly. Do not expose
you, your family or your belongings
Top 10 tips when buying a business:
If you wish to discuss this
further, please contact Annika
Dickey on 09 407 7117 ext 211.
p. 09 407 7117
10 Fairway Drive, Kerikeri
Need new glasses?
1 Hour Glasses ~ Two Pair Deals ~ Call for Details
Prescription glasses can vary from
around $69 to over a $1000. If you
have been given a quote elsewhere and
Find it confusing? or are not sure
you are getting the right option,
Come and see us. We explain all your
options not just the most expensive ones.
see us last*
*offer to see us last not strictly enforced. You are
welcome to see us first and save time as well as money. Chloe and Douglas
Ph: 407 1614
592 Kerikeri Road (at the roundabout)
This weeks specials are:
Week Starting Wed 23rd Feb Tue 1st March
Bakery Opening SOON!
While stocks last
While stocks last
While stocks last
Phone 09 407 8561
(Opposite the Warehouse in Waipapa.)
Open Monday to Saturday!
Late nights Tuesday & Thursday!
(Wireless internet available for your convenience.)
Call now for an appointment
Have you seen this woman?
Kerikeri police are looking for Alicia
Gaye Goldsbury, 43, in relation to theft
and assault charges.
She is a Maori, 1.73 metres tall,
medium build, brown hair and eyes
and collar length black hair.
Goldsbury has tattoos including four
crosses on her left forearm, four dots
on her right cheek, four dots and a
cross on her forehead and the word
Fuzz'' on her right forearm. She is
also known as Christine Ngawaka and
Lisa Petera. Call Kerikeri police on
Draw on the chart: Fish Forever is asking people to draw lines on this map. The red spot indicated the two-year rahui
in place at Deep Water Cove.
Tell us where you'd like
marine sanctuaries in
the Bay of Islands, says
working for replenish-
ment of sea life .
Stories from long-
term Bay of Islands
residents tell how drasti-
cally marine life within
the area has dwindled
over the past century.
What once was a rich
source of kaimoana
appears now to be
group chairwoman Julie
Fish Forever is
campaigning to establish
a network of no-take
made up of around 10
percent of water within
the Bay of Islands. These
areas would be totally
protected for a gener-
ation -- 25 years -- with
Ms Kidman says the
campaign is crying out
for the input of all the
Bay of Islands com-
munity for their ideas:
The areas need to be
chosen by users of the
Bay of Islands and
managed by the com-
munity. Here is where
you can become part of
it. Imagine you could
protect special under-
water areas within the
Bay of Islands. Where
would you choose?''
She asks that people
help Fish Forever pin-
point areas in the Bay
that would be suited to
protection by drawing on
the chart and mailing it
to Fish Forever, PO Box
For ideas, go to our
website and see what
other people have
suggested. You can also
mark the interactive
chart and find guidelines
about network design:
The Fish Forever team
will be talking with key
users of the Bay of
Islands marine environ-
ment. We want to
ensure that opinions are
heard and respected.''
If you would like some-
one to talk to your group,
forever.org.nz. The objec-
tive is an outcome that
can be supported by all.''
The results will be
collated and presented
back to the community
later in the year.
Working together we
can safeguard the special
marine ecosystems in the
Bay of Islands, securing
our reputation as one of
the jewels of New
coastline,'' she says.
To find out more
about the state of our
Fish Forever will be
hosting a presentation
by Dr Roger Grace as
part of Seaweek. The
presentation is at the
Copthorne Hotel, Wai-
tangi, on February 28,
6pm. All welcome.
The Kaikoura Rahui is
a Maori initiated mar-
ine protected area to
allow stocks of paua
and crayfish (abalone
and lobster) to reju-
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