Dusty air moves out

Back to ba­sics looks fi­nan­cially vi­able

Central Otago Mirror - - NEWS -

Afew weeks ago I was hav­ing a cof­fee with a friend in town. He ob­served how nice it was that Queen­stown was clean again. He wasn’t re­fer­ring to the ef­forts of coun­cil work­ers or the af­ter­math of a Satur­day nights drink­ing. He was com­par­ing to­day with the heady days of the late ‘noughties’ when new build­ings were pop­ping up con­tin­u­ously, con­struc­tion ac­tiv­ity flowed over onto the pave­ment and broke up pave­ments, in­fra­struc­ture was be­ing dug up and en­larged and ev­ery­thing was ‘gritty’. That prompted us to con­sider what the next year or so might bring. The im­me­di­ate prob­lem of course then was the threat of a USA debt de­fault. Since then we have talked again. De­fault is passed (at least tem­po­rar­ily) and growth pro­jec­tions by the Re­serve Bank are high. There are warn­ings that we might not be pre­pared for the buoy­ant pe­riod ahead. Busi­nesses, they say, need to pre­pare for higher in­ter­est rates, skill short­ages and de­mand for ser­vices. That re­minded me of some ad­vice I got in the thick of the fi­nan­cial cri­sis. Look at how your busi­ness was set up five years ago when it was smaller and work to­wards get­ting back to that. Maybe it’s time to re­verse that ad­vice. Is it time to start think­ing about how you coped with those prob­lems of growth in the mid-2000s and be ready to re­spond? As my grand­mother used to say ‘there is very lit­tle new un­der the sun’.

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