A business adviser or mentor will help you on strategy, planning and problem solving, and help develop your business skills and knowledge. A business adviser will often be working with you on the day to day aspect of your business i.e. the management of the business versus the governance of the business. Working with a business adviser can be a good first step towards implementing a good governance framework.

Depending on your medium to long term plans a business owner should start planning for the potential sale of their business two (2) to three (3) years in advance. This allows the business owner to identify potential buyers, understand what the potential buyers needs and wants are, and implement a plan to ensure the business meets all aforementioned needs and wants. Often the plan will entail a succession plan for the owner as well as making sure all business processes and procedures are relevant, documented, and followed throughout the business.

There are no hard and fast rules on when you should implement a formal governance model being either a formal board or advisory board. Setting up a board might be a good idea when you need skills and expertise you lack internally, are growing rapidly, have made a major acquisition, are going through a large restructure, have started succession planning or putting together an exit strategy, are a start-up with lots of shareholders and investment capital.

Ideally a current business plan and or information about the current state of your business and plans / goals you have for your business moving forward. Detailed information will only be required in the event you engage with JTC and will be collated through the business health check stage.

Please call +64 027 514 7013 to book a 30-60min obligation free meeting with Wayne.

Wayne has, and is currently, worked with several companies who have merged and were not delivering the results that was defined as part of the pre-merger process. He can help clearly restate the objectives of the merger and implement a plan to overcome any barriers to achieve the objectives in the quickest possible time.

Having a good governance framework with independent director/s allows business owners to step out of the busy day-to-day operations and work “on” the business. Good governance can help you drive your business forward, avoid risks, seek new opportunities, grow your leadership skills, get an objective analysis of your business and develop a strategic direction. An independent director with SME experience will be able to share invaluable general, objective business experience, knowledge and networks. They can help the business owners to understand which ‘hat’ they wear when making decisions, i.e. shareholder versus board member vs employee. Many SMEs are family businesses, and an independent director will help to separate the family relationships from management relationships.

Doing business in today’s environment is risky. Rules and regulations are constantly increasing and the penalties for owners who do not comply can be severe financially and criminally. Risk mitigation is one of the key pillars of good governance. Identifying potential risks and implementing strategies and tactics to mitigate those risks will protect all stakeholders including

For all governance work being advisory or formal board, you will work directly with Wayne. For business advisory JTC has two main principals being Wayne and Ron. We also have a network of business advisors who we can call upon if there are specific skills and experiences a client requires.

A 30-60min obligation free meeting with Wayne to discus and determine what the best form of engagement would be. Depending on the outcome, and in most cases, a business health check is conducted to determine areas for improvement and the development of a plan.

Wayne’s work has taken him around the world, with a range of roles in a range of industries. His 30 years in the business world have seen him take on roles including COO, Executive Managing Director, and General Manager in New Zealand and Asia (where he lived and work for 10 years).

Wayne has experience in acquisitions in New Zealand, Australia, and Asia and is well placed to work with you throughout the due diligence to ensure you know what you are buying.