Business Advisory Insights for New Zealand SME’s
The Engine Newsletter
Real-world business insights, straight to your inbox
Our Business Resource Centre brings together articles, newsletters, insights and practical guidance developed from real world business experience. Covering topics such as business advisory, governance, strategic planning, succession planning, leadership, business resilience, interim CEO support, customer experience and growth strategies, our resources are designed to help New Zealand businesses navigate both opportunities and challenges with greater confidence.
Whether you are looking to grow your business, strengthen leadership capability, improve governance, prepare for succession, increase profitability or create a more resilient organisation, our aim is to provide valuable information that supports informed decision making and long term success.
Running a business can be rewarding, but it can also be isolating. The Engine was created on the belief that business owners should not have to navigate complex decisions alone. Through our advisory services, consulting support, governance expertise, peer group coaching and business development programmes, we help businesses move from strategy to implementation.
Explore our latest resources below and discover practical insights designed to help you build a stronger, more resilient and more valuable business.
Navigating Decision Paralysis – The Role of Effective Governance
Navigating Decision Paralysis: The Role of Effective Governance in Business Success. "Like an ostrich with its head in the sand, avoiding challenges may offer temporary solace, but it won't propel you forward. In fact, the only direction burying your head in the sand...
read moreReboot with The Engine – Receive up to $5000 co-funded support
At The Engine, we don’t just coach; we dive into the pool swimming alongside you! No two businesses are the same, each facing their own unique challenges. Our approach to business support is uniquely collaborative, designed to make a real impact. We start by listening...
read moreReignite Your Business Amidst the Economic Chaos
Each week we have businesses queuing to discuss the downturn in sales and stress of keeping the wolves at bay. If this does not reasonate with you then we’d say you either are very lucky or you won the lottery. The majority of businesses are in chaos and they turn to...
read moreElephant Alert: Let’s Deal With It Together!
In essence, having an elephant in the room signifies a glaring issue or challenging circumstance that everyone avoids addressing. So, let's confront the elephant in the room. It's a major factor contributing to the downfall of many businesses, and it's high time we...
read moreThe Unyielding Sway of Cash: When Liquidation is the Sole Alternative
The Unyielding Sway of Cash: When Liquidation Becomes the Sole Alternative We dropped the final curtain of filing for liquidation proceedings in the High Court this week assisting a client that had waited nearly 18 months for funds from a debtor in excess of $300k....
read moreMastering Fiscal and Sales Strategies for a Thriving Future
Charting Success: Mastering Fiscal and Sales Strategies for a Thriving Future In the ever-evolving landscape of business, predicting the future remains elusive. Nonetheless, a proactive approach demands a well-thought-out plan. The axiom "turnover is vanity, profit is...
read moreTake action to propel your business forward
Take action to propel your business forward. We welcome you back to a new year. And just like that we are now 2 weeks in to the new year where as Business Advisors we always look at business roadmaps for our clients for the coming year. Do you have a robust business...
read moreTop 5 Requirements for Business Success in 2024
Top 5 Requirements for Business Success in 2024 Merry Christmas and Happy New Year from The Engine Team.As we approach the year 2024, it is crucial for businesses to adapt and evolve in order to thrive in an ever-changing tough economic landscape. To help you navigate...
read moreThe Essential Cornerstone of Business Success: The Sales Strategy
The Essential Cornerstone of Business Success: The Sales Strategy Hi, Catherine Cooke, here. As we all draw closer to the end of the year, it's the perfect time to reflect on one of the key pillars of business success: strategy. Last month, I delved into the topic of...
read moreStay in Love with Your Business: Unleash Growth with The Engine.
Unleash Growth with The Engine & Defeat Procrastination! Founders often embrace the mantra "fail fast, fail often," yet as the year nears its end, it's crucial to ask: do you have your strategy in place for the coming year, or have you deferred it once more to the...
read moreThe Engine’s Business Warrant of Fitness Audit
Business Warrant of Fitness Audit Can you afford to lose all you have worked hard for? IS YOUR BUSINESS OPERATING AT ITS FULL POTENTIAL? Are you confident you are meeting all the necessary legal & regulatory requirements under New Zealand Law? Would your business...
read moreClarity in Business – Are You Feeling Lost?
Clarity in Business - Are You Lost? Seek first to understand, then to be understood. At some point in our life we've all been camping and used a compass to point us in the right direction. That compass in business is called clarity. Every week we are approached by...
read moreAre you falling short of your Director Responsibilities?
Are you falling short of your Director Responsibilities? Good governance delivers on the promise of the business. The Engine's 'Our Executive Board' service offers board structure, business security, stakeholder confidence and adversity resilience for the risk-averse....
read moreBurnout is real – Hire an Interim CEO so you can take a break.
Dear CEO/Business Owner, when did you last take a break, an uninterrupted break? Do you dream about having a few days off but wonder how your business will be able to run without you there? Do you worry about what will happen to your business in case of a medical...
read moreGovernance is non-negotiable as a Business Owner.
Governance is non-negotiable as a Business Owner. Many Company Owners start a business without realising the responsibilities & weight required of a Director. When the buck stops with you, there is no room to shirk your duties. "I didn't know" doesn't cut it". As...
read moreIs your business using crisis pain as crisis fuel in advance of a crisis?
Is your business using crisis pain as crisis fuel in advance of a crisis? Life can be seemingly going well and then suddenly a curve ball hits – I am sure you know what I am meaning. If you are doing life, curve balls are life! When that curve ball happens in business...
read more2023 The Perfect Storm | Muriwai Needs Us
2023 The Perfect Storm Catherine Cooke here. Speaking of storms, I wanted to share that I featured as a participator in a White Paper by Alexander PR:2023: The Perfect Storm – 23 Bad Habits Your Board should change in the era of polycrisis. I was so glad to be a...
read moreHe said WHAT! – Proactive versus reactive
The voice of the customer brings insights to your business for growth. Without customers, you don’t have a business. And it costs so much more to acquire and find new customers than it does to service your existing customers. But knowing what your customers really...
read moreAs a Business Owner do you dig trenches or build bridges?
Do you dig trenches or build bridges? Time is limited and it’s how you utilise your time that makes all the difference in business. Time is also your best business resource. A successful entrepreneur needs to recognise the value of their time and always spend it on...
read moreMerry Christmas from The Engine and Happy New Year!
Merry Christmas!It's been quite an exciting year for The Engine. As the year comes to a close we wanted to share the success and celebration of a good year. Activate Tamaki Makaurau The $60m business support package announced by the Minister of Finance and the...
read moreFrequently Asked Questions (FAQ)
Q. What does a business advisor do?
A. A business advisor provides independent guidance, strategic thinking, accountability and practical support to help business owners make better decisions. Unlike a consultant who may focus on delivering a specific project, a business advisor works alongside business owners to provide ongoing advice across areas such as growth, leadership, financial performance, succession planning, governance, risk management and business strategy. At The Engine, our advisors combine real business experience with practical implementation support to help business owners achieve their goals.
Q. When should a business engage governance support?
A. Governance support becomes increasingly important as a business grows, takes on greater risk, employs more people or prepares for succession or sale. Governance helps create accountability, improve decision making, manage risk and ensure the business remains focused on long term objectives. Many business owners engage governance support when they want independent perspectives, strategic oversight or greater confidence in the decisions shaping their future.
Q. What is succession planning?
A.Succession planning is the process of intentionally preparing your business for the future, whether that future involves growth, leadership transition, family succession, management buyouts, sale of the business or eventual retirement.
Effective succession planning is not something that begins when you are ready to leave. The most successful transitions often start years in advance, allowing business owners to build value, strengthen leadership capability, reduce risk and create a business that can operate successfully beyond its founder.
Q. What is a Co Pilot CEO, Interim CEO or Fractional CEO and How Can They Help Your Business?
A. Businesses often need experienced executive leadership but may not require, or be ready for, a full time CEO. The Engine’s Co Pilot CEO service provides business owners with access to experienced leadership support that can be tailored to the needs of the business.
Co Pilot CEO can provide strategic thinking, accountability, leadership support, business planning and operational guidance while working alongside the owner and leadership team.
An Interim CEO is typically engaged during periods of transition, change or leadership vacancy and provides temporary executive leadership until a permanent solution is in place.
A Fractional CEO provides ongoing executive capability on a part time basis, allowing businesses to access senior leadership expertise without the cost of a full time executive.
Whether supporting growth, succession planning, business improvement or leadership development, The Engine’s Co Pilot CEO service is designed to provide practical executive capability when and where it is needed most.
Q. How can SME owners improve business resilience?
A. Business resilience is built through strong leadership, effective planning, sound governance, financial visibility and the ability to adapt to changing circumstances. Business owners can improve resilience by developing strategic plans, understanding cash flow, building capable teams, creating succession plans, reducing dependency on key individuals and regularly reviewing business risks and opportunities. The businesses that thrive are often those that prepare before challenges arise.
Q. What is the difference between consulting and business advisory?
A. Consulting typically focuses on solving a specific problem, delivering a project or providing specialist expertise within a defined scope. Business advisory is broader and more ongoing, providing strategic guidance, accountability, mentoring and support across multiple aspects of a business. While consultants often deliver solutions, advisors help business owners make informed decisions and build long term capability. The Engine provides both consulting and advisory services depending on the needs of the business.
Q. How can group coaching benefit my business?
A. Group coaching provides business owners with access to peer accountability, independent perspectives, shared experiences and strategic thinking in a confidential environment. Many business owners face similar challenges and can benefit from learning from others who have navigated comparable situations. The Engine’s Think Tank programme combines facilitated peer group discussions, accountability and practical business advice to help business owners accelerate growth and make better decisions.
Q. Why is strategic business planning important?
A. Strategic business planning provides clarity, direction and alignment for business owners and their teams. A strong strategic plan helps define goals, identify priorities, allocate resources effectively and create accountability around outcomes. Without a plan, businesses often become reactive and lose focus. Strategic planning helps organisations make proactive decisions that support sustainable growth and long term success.
Q. How can a Business Warrant of Fitness benefit my business?
A. A Business Warrant of Fitness provides an independent review of key areas of business performance, including strategy, leadership, governance, financial management, operations, customer experience and business continuity. It helps identify strengths, risks, gaps and opportunities for improvement. Much like a vehicle warrant provides assurance that a vehicle is roadworthy, a Business Warrant of Fitness provides business owners with confidence about the health and sustainability of their business.
Q. Why is business success more achievable when you have experienced professionals like The Engine on the journey with you?
A. Business ownership can be rewarding, but it can also be complex and isolating. Experienced advisors bring independent perspectives, practical experience, accountability and specialist knowledge that can help business owners avoid costly mistakes, identify opportunities and make better decisions. The Engine combines advisory expertise, consulting support, governance capability, peer networks and implementation experience to help business owners navigate challenges and achieve their objectives with greater confidence.
Q. Can I access funding for advisory capability coaching services?
A. In some circumstances, businesses may be eligible for capability development funding through programmes administered by Regional Business Partners and other approved initiatives. Funding eligibility and availability can vary depending on location, business needs and programme criteria. The Engine can discuss current funding opportunities and help determine whether your business may qualify for advisory capability support.