One Christchurch café is putting the “e” in coffee, making a post Covid-19 decision to use only electronic payment. Allpress Espresso has made the call to accept no notes or coins at its Montreal Street café.
Roastery and café manager James Nightingale says the cashless system has been largely well received, with staff and customers feeling safer about hygiene.
The café was also broken into in mid-2020, so Nightingale hoped having no cash on site would provided added security, too.
There is no legal requirement for a business to give out or accept cash, except if it is payment for a debt.
The café just one of a small – but growing – number of businesses going cashless in New Zealand, where less than two percent of New Zealand’s money is held in notes and coins.
According to Retail NZ chief executive Greg Harford, a pre-Covid-19 survey revealed a very small number of businesses keen to be cashless, but the same survey post-pandemic saw a large shift.
After Covid-19 left long-time flight attendants Tom Noonan and Sam Main out of work, the pair spread their wings to new horizons – and are set to open a new furniture store in Christchurch. Interior Warehouse will stock affordable luxury furniture and homewares when it opens on Moorhouse Ave next month.
Tom says his position was disestablished almost straight away when Covid-19 arrived in New Zealand last March. He had worked for Air New Zealand for about 10 years, and at Emirates and Qantas before that. Sam’s position was disestablished about six months later after 19 years of service.
“We both consider ourselves flyers at heart, so it was quite a blow,” says Tom, who grew up in Christchurch but has been based in Auckland and overseas in more recent times.
He found work quickly, filling online grocery orders for Countdown, but the owner at Interior Warehouse in Auckland got in touch with him to offer him a job.
“I said I was okay with this job until flying started up again, but then it became quite apparent flying wasn’t coming back and I needed to think long-term. During that time, Interior Warehouse’s business was going really well and they were looking at expanding.”
With recently opened Gore and Napier stores performing well, the men jumped at the opportunity to franchise a Christchurch store.
“Even though it means saying goodbye to flying, we’re really excited about this.”
Interior Warehouse sources furniture directly from designers around the word, ensuring not only unique and modern designs, but lower prices for customers.
Christchurch-based apparel maker, Cactus Outdoor, has added a new product to its repertoire: Locally made face masks which use bacteria-busting natural wool filters.
Originally developed for dust protection before Covid-19 made face masks an essential item, Cactus Outdoors have manufactured tens of thousands of the mouth and nose coverings from its Christchurch factory since February.
Co-founder and director, Ben Kepes says the locally made masks have been snapped up.
“We developed the facemask before Covid-19 for our trade customers,” he says.
“When Covid-19 hit we ramped up production to fulfi l the massive demand.” The masks have a woollen filter which exceeds high N95 testing levels.
“Our masks feature a high-tech fi lter made from a specialised woollen fabric.
“To this we add organically grown cotton fabric to provide another layer of protection.”
Despite supply chain issues, Ben says the durable outdoor clothing, backpack and accessory maker’s Essential Service status meant production could continue during Alert Level 4.
“The fact our filter exceeds N95 levels…is made in New Zealand from natural materials, uses our amazing New Zealand-grown wool and is made with love by Kiwi workers has gone down a treat.”
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Ricoh Pandemic Pivot
One of the keys to successful financial portfolio management is to ensure you are treated as an individual and not boxed in as just another number. Authorised Financial Adviser Alistair Bean tells Metropol why this approach is especially vital in uncertain times.
WHY SHOULD I HAVE AN INDIVIDUALISED INVESTMENT PLAN PREPARED BY A FINANCIAL ADVISER?
“More than just completing a series of fact finding and risk profile documents for your available lump sum, it’s about getting to know and truly understand you, your family, your trust, business or charity to discover how we can best help you meet your short, medium and longer-term goals and needs.”
DOESN’T IT TAKE TIME TO BUILD TRUST WITH AN ADVISER?
“I always tell my clients it may take some time to build a level of client-adviser trust, but any of my long-term clients will attest to how investing with Alistair Bean & Associates – Financial Advisers has helped them meet their life goals. I’ve been told authorising me to “make decisions so I don’t have to” was the best decision they ever made. I love hearing tales of how we’ve helped put children and grandchildren through school; buy new properties, cars, family holidays, and provided income for retirement. Clients are part of my family and doing our best to ensure the meeting of financial goals is my priority.”
WHAT DOES AN INDIVIDUALISED INVESTMENT PLAN INVOLVE?
“Among many other valuable things, you will be presented with initial investment recommendations for your available funds. These should reflect the current economic and market information available in New Zealand and overseas at the time and be used as a starting point.”
IF MY ADVISER HAS TOLD ME WHAT TO DO WITH MY AVAILABLE LUMP SUM, THEN WHY DON’T I JUST DO THIS MYSELF?
“This is where the rubber actually hits the road and where your financial adviser makes a difference! While funds should be allocated to the short, medium, and longer-term, as we are seeing in the current Covid-19 environment and many previous crisis situations – the whole world can spin on a ten-cent piece. Your financial adviser’s highest skills are employed here to adapt your investment portfolio as changes occur.”
WHAT KIND OF RECOMMENDATIONS MIGHT BE MADE?
“Your adviser’s actions will include ensuring you have enough funds to see you through a crisis. This used to be three months, but I now recommend a minimum of one year’s expenses.
“Then, ensuring you have medium-term funds for things like home improvements, family assistance, car, and appliance upgrades. And finally, for longer-term nest-egg and retirement provisions. Your financial adviser will keep an eye on your funds and adjust as appropriate to the current conditions. This could include keeping your investments exactly where they are or moving them somewhere deemed more beneficial.”
Contact Alistair Bean & Associates – Financial Advisers on 03 288 0404 or via Alistair.Bean@abafs.co.nz to help achieve your financial goals. Personal disclosure documents available free in the resources tab of the website below.