
Newsletter - August 2025
Hello Everyone!!Dear fellow membersWe're thrilled to invite you to our winter networking event of the year, taking place on Wednesday, 20 August 2025 at the Remuera Club. If you haven't secured your ticket yet—now is the time!On the day we will also hold our Annual General Meeting and election of Officers at 6:00 PM. The positions are one each of Chairperson, Secretary, Treasurer, and three Committee Members. Please join our committee and nominate yourself for a Position. We need more good people with great ideas! The Nomination Form is available here.In today's newsletter we will talk about leadership!!Are you growing mushrooms or roses? Why you should lead like a gardener, not a grower As a leader, if you are acting like a mushroom grower, you’re unlikely to have a clear plan yourself, so you can’t share this with your team. The way you lead your team and grow your business determines whether you’re cultivating a transactional or thriving business.Ask yourself: Are you a mushroom grower or a rose grower?Mushroom leadership: The hidden dangerMushroom growers thrive in the dark. That’s literally how mushrooms grow (kept in the shadows and fed sporadically). Unfortunately, this metaphor applies to far too many business leaders.Without realising it, leaders who operate like mushroom growers often:Lack a clear vision for the businessDeliver inconsistent or confusing messages to their teamPrioritise short-term production over long-term developmentCreate environments where staff are kept in the dark and fed whatever information happens to come upWhen your people don’t see a future or path for growth, they’re unlikely to contribute their best ideas, let alone stick around long enough to blossom.Rose leadership: Cultivating growth with intentionContrast this with the mindset of a rose grower:Rose growers are deliberate. They prune branches that aren't growing in the right direction. They feed and fertilise consistently. They protect the plant from pests. Most importantly, they focus on the end result: the blossom.As a leader embracing rose-growing principles, you:Set a clear direction and align with your partners on that vision Identify each team member’s potential and coach them toward itPrune behaviours and practices that don’t support growthBuild an environment where development and performance coexistCelebrate progress and visible results along the wayThis mindset shift isn’t just about better management, but rather about transforming into a value-driven, future-focused business.Start growing roses. To move your business forward, you need to lead with intention.Here are some actionable steps to help you get startedDefine your vision for your businessAlign your leadership teamTrain your staff to have forward-looking conversationsCreate systems for consistency and follow-throughCelebrate every step forwardWinter Networking EventA reminder that winter Fiji Business Networking Event will be held on 20 August at Remuera Club. Secure your spot now 20 August 20257 PM - 10:00 PMRemuera Club27 Ohinerau StreetRemuera.Buy NowMembershipA reminder that if you have not yet renewed your membership, please do so. By keeping your membership active, you will continue to enjoy the many benefits of the Fiji Business Network. Renew Membership
Notice of Annual General Meeting, Nomination of Officers, Agenda
31 July 2025Ni sa Bula Vinaka fellow Fiji Business Network Members and Supporters.Notice of Annual General MeetingPlease be advised that we are holding our inaugural Annual General Meeting on Wednesday 20 August 2024 at 6:00pm.This will be held at Remuera Club, 27 Ohinerau Street, Remuera, Auckland, Aotearoa-New Zealand.Nomination of OfficersThis is to also notify you that nominations are now open for Officers positions within the Fiji Business Network (NZ) Incorporated.The positions are one each of Chairperson, Secretary, Treasurer, and three Committee Members.The Nomination Form is available online at : https://fijibusinessnetwork.co.nz/nomination-formDo let us know if you need a paper copy of this Form.MembershipPlease do join and become a member of our Network, if you have not already done so.We are keeping it simple, with membership rates starting at $25.00 per year. The membership fee runs through to 31 March 2026.Head over to our website, spread the good word, and please encourage at least one more new person to join our network. So we can reach our target of 200 members. It is quite easy to join via our website at :https://fijibusinessnetwork.co.nzDinner and Networking EventOur Winter Dinner and Networking Event will be held straight after our AGM from 7.00pm at the same venue. Exciting News - we will be having some entertainment as well!Please get your tickets at : https://tinyurl.com/3zuc759wAgenda for Annual General Meeting Call to OrderWelcomeQuorum (confirmation)Report on ActivitiesFinancial ReportSubscriptions (confirmation of amount)Written Motions Received (If Any)ConstitutionElection of OfficersClosePlease feel free to reach out to us for any questions or for more information.Warm regardsThe Executive Team
Newsletter 07 - August 2024
In This Issue1. Message From The President 2. Reserve Bank Cuts3. Sign Up For Full Experience Thank You! Dear fellow members and attendees I hope this message finds you well. I would like to extend my heartfelt thanks to each of you for attending the Fiji Business Network event on 22 August 2024 at the Remuera Club, as well as our first Annual General Meeting. Your participation and support are invaluable to our mission of advancing Fijian-owned businesses in New Zealand.As we discussed during the meeting, the three existing executives will continue to oversee the organisation’s operations this year. We sincerely need the help and support of all our members to spread the good word about our Network. Together, we can drive growth and support for Fijian-owned enterprises in our community.We also welcome our new members to the network. Our organisation added 18 members on the night, so we are now close to 90 paid members, a great effort by Sonali and Rachael in encouraging folks to join for a great business journey ahead. Our final CHRISTMAS GALA event is planned for 14 November 2024 at the Remuera Club and we are expecting more than 150 attendees! Thank you once again for your commitment to our cause. Vinaka Vakalevu! Let’s continue our good work and make a lasting impact. Warm regards,Atesh Bhej Fiji Business Network Inc Reserve Bank Cuts Official Cash Rate What You Need to KnowOCR Reduced to 5.25% The Reserve Bank of New Zealand (RBNZ) has announced a cut in the Official Cash Rate (OCR) to 5.25%. This decision ends a four-year period of OCR stability and comes after extensive speculation about the potential for a rate drop.Context of the Cut The reduction follows two years of efforts to control inflation, amid rising unemployment and sluggish economic growth. The annual inflation rate has recently fallen to 3.3%, although it remains above the Reserve Bank's target range of 1% to 3%. The central bank's monetary policy committee cited a broad-based weakening in domestic economic activity and a return of business inflation expectations to around 2% as key factors in their decision.Immediate Bank Responses In reaction to the OCR cut, Kiwibank swiftly reduced its variable home loan and business lending rates by 0.25%, and adjusted some deposit rates. ASB followed shortly after, lowering all fixed and floating mortgage rates. Kiwibank's Chief Business Customer Officer, Elliot Smith, emphasized the importance of these cuts in providing financial relief and enhancing affordability for customers in a high-interest environment.Economists’ Perspectives Economists had mixed views leading up to the RBNZ’s decision. Some believed a cut was timely, given recent inflation data. ASB Chief Economist Nick Tuffery noted that while the decision was close, the Reserve Bank likely needed to act sooner rather than later to avoid the risk of having to make larger cuts in the future.Impact on Borrowers and Savers The OCR is a key rate influencing the cost of borrowing and saving. Historically, higher OCR rates result in increased loan repayments for borrowers, while offering better returns for savers. As the OCR rises, it typically encourages saving overspending. The current rate cut aims to ease some of these pressures, potentially offering more favourable conditions for borrowers.Looking Ahead Tuffery pointed out that the Reserve Bank might want to temper market expectations for further cuts, balancing between cautious easing and maintaining control over inflation. Now would be the best time to start reviewing your mortgage structure and get in touch with your Mortgages team to discuss options for refinancing and restructuring. Sign Up For Full experienceAs an organisation primarily focused on connecting and helping our fellow Fijians thrive New Zealand’s commercial sectors.We are all about spreading the good word.It has taken a good deal of work and planning to this point, and we are excited that 2024 will be a year of progress.We are keeping it simple, with membership rates starting at $25.00 per year. The membership fee runs through to 31 March 2025.Head over to our website, spread the good word, and encourage at least 3 new parties to join our network. It is quite simple to join.We are confident that once we have reached our goal of 200 members, we will be better placed to grow our visibility at Government and institutional levels. This undoubtedly will have a multiplier effect on our members, our organisation, and the overall success of Fijian businesses in New Zealand
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