The Recipe Ltd.

The Regional Business Partners Fund

What Is RBPF?

The Regional Business Partners Fund comes under the umbrella of New Zealand Trade and Enterprise (NZTE) who are charged with “growing companies internationally, bigger, better and faster, for the good of New Zealand.” Organisations such as ATEED here in Auckland are one such agency that completes applications for this fund, and sister organisations are already based New Zealand wWide.

 

In recent history, businesses have applied for this grant to get up to $5,000, paid out as up to 50% of a training or consultancy programme fee which can be chosen from a wide range of registered providers. In most cases, businesses have not had prior knowledge of this fund and have often been referred by the providers in question.

 

In the midst of the COVID-19 crisis, the RBPF have released a $2,000 grant which fully subsidises a ‘covid business support’ service – where companies can register for expert advice and support from providers to solve issues they may face during this time in the areas of HR, health and wellbeing, business continuity, cashflow and finance management, strategy and digital capability.

 

https://covid19.nzte.govt.nz/page/regional-business-partner-network

(Pre-Covid link) https://www.regionalbusinesspartners.co.nz/#register

 

We have registered as a marketing training provider for our past $5,000 subsidies, but the COVID response plans are different. The full programme notes are below.

 

It is important to note that we have had confirmation from ATEED that if you take the $2,000 grant, you are still eligible for the $5,000 grant in the future. This document states that it is up to $5,000 and I am in the process of checking if the rules have changed.

It is also important to note that the business does not receive these funds directly – but rather gets an online voucher to apply to their preferred service – US!

                                                 Eligibility Criteria:

Businesses must have undergone an assessment with a Regional Business Partner Growth Advisor. Have fewer than 100 full time equivalent employees, and  be GST registered in New Zealand, and  have a New Zealand Business Number, and  be operating in a commercial environment; and  are a privately owned businesses, or are a Māori Trust or incorporation under the Te Ture Whenua Māori Act 1993 or similar organisation managing Māori assets under multiple ownership. 

                                                     Selling Points:

Selling Point #1: The NZ Government has recently funded this business grant programme to the tune of $25million for ‘business consultancy & support’ and expects to see the end of this in (minimum) September 2020 but has committed to the additional $25mil over 12 months from April 2020 – so we expect more funds will be dropped into this programme between now and then.

https://www.stuff.co.nz/business/121006300/coronavirus-government-package-offers-32b-worth-of-tax-and-business-assistance

Selling Point #2: We are registered and approved providers through the Regional Business Partners Network already and can offer our services for both COVID business support and general marketing training & consultancy New Zealand wide. We have been providers for nearly two years with our first $5,000 grant being issued on the 18th of October, 2018.

This is the current link to the fund: https://covid19.nzte.govt.nz/page/regional-business-partner-network

                     The Recipe COVID-19 Business Continuity Programme:

                                   Programme Timeframe Breakdown:

Week 1: 2 x 23 hour sessions

Week 2: 2 x 32 hour sessions Used for building strategy Report 

Week 3: 2 x 2 hour sessions 

This fills the $2,000 grant nicely and we either charge a $100 onboarding fee, or if they are friends, we can not charge this at all. 

CAN INCLUDE Week 4 at another 2 x 2 hour sessions but this would cost an additional $600 as per our programme cost.

                                         Programme Delivery Outline :

In the description, we have been exceedingly VAGUE. The reason for this is so that we can structure the allocated time around each business but fill it as required by each individual business’s issues and dedicate ourselves to helping them solve and action the next steps to take their business to the next level.

Please see this is a standardised overview and can be altered on a case by case basis

Week 1, Session 1: Risk Assessment & Business Impact Analysis (23 hrs). 

In our first session, we take a business through a wide series of questions and begin discussion around the issues they are facing. This is strictly all about where a business has been, where they are at this moment in time, drilling down on their products/services, finances, operations, employees, suppliers and more.

Source: Business Impact Analysis and Risk Assessment Worksheet

Week 1, Session 2: Recovery Strategies (23hrs)

In the second session, we will help to identify gaps or issues coming from the Business Impact Analysis and begin to discuss strategic options to move a business from where they are, to where they want to be. We do this while keeping in mind an overall continuity plan in case of further disasters or disruptions and begin to source the missing links and creative ideas required during this time.

Source: Business Continuity Resource Requirements 

Week 2, Session 1: Plan Development (32hrs). 

Here we collate answers from the first week, develop the plan framework and write the continuity and recovery procedures that will need to be followed. This includes an action plan of items needing approval or completion by the business owner and their teams. 

The business owner is not needed on call for this session – this is in-house development only.

Week 2, Session 2: Plan Proposal (2 hrs). 

Here we work through the written strategies outlined from the above meetings. We assemble, validate and execute the base of the plan and discuss the details of what a business will need to do and how they will need to train their staff. This takes into consideration how they can move up the levels, what happens if they potentially go back into lower levels in the future, and how they could mitigate other major disasters. Here, we also discuss what the business needs to do in the short term to continue operations and their next steps – which will form the strategic development and future action plan.

Week 3, Session 1: Strategic Development and Future Action Planning (32hrs.). 

Here we collate all of the above details into a comprehensive business continuity plan, which adapts any changes required from W2S2 and includes an action plan and development of the next steps and resources required for the business to ‘survive and thrive’.

The business owner is not needed on a Zoom call for this session – this is in-house development only.

Week 3, Session 2: Full Plan Hand Over and Accountability Set Up (12hrs.)

. Here we hand over the full and final risk assessment, business continuity strategy and action plan with all resources required to make it happen! Often, we will have written ourselves into this plan so this will not be the end but we need to ensure a clear understanding of what has been discussed and decided – with a small number of accountability phone calls set up to ensure the ongoing success of the business moving forward.

Resources: 

https://www.ready.gov/business-continuity-plan?fbclid=IwAR2INuq1Qyr7z47Ao_pnXJfsX3k4yNbbtD1KiltVBYnyHFcPdevzNcrYrfo

https://disastersafety.org/business-protection/ofb-ez/

https://www.eci.com/blog/135-five-steps-of-business-continuity-planning-for-investment-firms.html

https://www.cio.com/article/2381021/best-practices-how-to-create-an-effective-business-continuity-plan.html

                                                Areas of Focus

Hospitality: Turning into delivery or takeaway services, how to generate revenue when you’re closed

Retail: Contactless delivery, online ordering and processing, supply chain management, health and safety logistics, 

Tourism: VR and AR opportunities, How to generate revenue when closed, focus markets post covid

Events: Livestreaming or pod based event management systems . 

Take a look at: 

https://delivereat.co.nz/ for hospo 

Do some research around industry capabilities

Read all the news in the business sections

Then start to pair this with businesses that are clearly not making the most of covid.

How to tell? They haven’t posted, they have posted but with uncertainty, they are in a smaller to medium sized business (often less staff), they may be cut off from people, or they may already be reaching out for help on pages such as girls talk business nz 

                           Sales Conversation Openers for Facebook: 

Hospitality: “Hey team XYZ, some friends of ours told us that your business has been impacted by COVID-19 and we wanted to reach out to you to see if we can lend a hand. 

The Recipe works with hospitality owners such as The Jefferson and hospitality supplier Burns and Ferrall, and employs a team of local marketing & online digital professionals.

We are a registered partner advisor as part of the $25 million the government fund allocated for business continuity

The reason the government has put money into this area is because they know we are entering unfamiliar territory and  businesses will need renewed clarity and order to move forward..

This fund is for any GST registered business which has been affected by Covid-19

The Regional Business Partners Fund gives businesses we work with access to a $2,000 grant where we create a business continuity strategy.

What does this look like?

Once the grant is approved we take you through a series of Zoom calls while we work through exactly where you stand right now. Your strengths and weaknesses and where you sit in the marketplace regarding your competition and future opportunities. We develop a marketing based business plan including fresh ideas and actionable steps to help secure your business.

This is a fully funded scheme which means the grant covers 100% of the cost.

To get started please just reply with your interest and we will be in touch shortly.

Please do let us know if you have any questions.

Email: Info@therecipeltd.com

Hi all

You may have seen  the announcement by the government of a $25 million business continuity plan.

One of our local friends and tenants The Recipe are a registered partner advisor helping to implement these plans

The Recipe works with a variety of business owners such as The Jefferson, hospitality supplier Burns and Ferrall and educational provider Aspire2 International and employs a team of local marketing & online digital professionals.

The reason they believe the government has put money into this area is because the Government knows we are entering unfamiliar territory and businesses will need renewed clarity and order to move forward.

This fund was created for any GST registered business which has been affected by Covid-19

and gives businesses they work with access to a $2,000 grant put towards creating their business continuity strategy.

What does this look like?

Once the grant is approved they take you through a series of Zoom calls while they work through exactly where you stand right now. Your strengths and weaknesses and where you sit in the marketplace regarding your competition and future opportunities. They develop a marketing based business plan including fresh ideas and actionable steps to help secure your business.

This is a fully funded scheme which means the grant covers 100% of the cost.

Please just send your expression of interest to info@therecipeltd.com and one of their team will be in contact shortly.

Registration Process: 

→ Get registered via https://www.regionalbusinesspartners.co.nz/#register