![]() Because some of these things have been pretty consistent even through Covid, which creates turnover while you’re quiet," Mr Brown said.įor Simon Hawkins, having two businesses has allowed extra security despite working in one seasonally-based industry. It’s about building in little inputs that can insulate us from any big shocks, has worked for us quite well. and also look to invest, because we weren’t in a stressed position which allowed us to diversify. "It allowed us an opportunity to breathe and not be stressed. It’s a multifaceted thing - it does focus around kids, family and time," he said.Īfter moving through the Global Financial Crisis in 2008, he had also taken the lessons learned then and had more than two years of cash reserves prepared. "My wife’s a teacher and we knew we needed to have a more stable investment platform and business that would carry us through the next 10-15 years. The decision to diversify became more of a priority when he moved with his family to Wanaka, he said. Mr Brown runs both TheBothy Central accommodation and lake fishing and guiding. Reflecting on the past three years, Wanaka business owner Dave Brown said Covid-19 highlighted to local businesses that dependency on one demographic, or one seasonal activity, exposed them to higher risk of failure. Photo: Aspen BruceFinancial foresight and diversification has helped business owners in Wanaka to stay afloat during the pandemic. ![]() Learnt during the Global Financial Crisis in 2008 helped set him up for the disruptions from Covid-19. TheBothy Central and Adventure Wanaka fishing and guiding business owner Dave Brown recently said lessons
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |