Kiel Consultants

12/11/2017

Another case of an "undervalued resource asset" GoPNG has lost to foreign investors.

‘The project came gift wrapped, courtesy of the PNG Government who will buy 5% when it is ready to be mined by paying the equivalent of 5% of sunk costs to-date. This could see the PNG Govern…

01/11/2017

EXIM agents to take note of.

We facilitate import/export of commodities, FMCGs, technology, and other solutions to assist PNG local businesses and the government. Through our position in Singapore, we reach markets in SE Asia, Africa, Europe, and beyond.

26/09/2017

"That is what is so great about Google - they hire smart people and get out of their way. If any of their leaders quit, it will not make any difference. It is the company "of the people, by the people, for the people." (Gary Vaynerchuk)

Nothing kills creativity and enthusiasm better than a prescription of what to do and how to do it.

25/03/2017

http://www.pngindustrynews.net/pngindustrynews/news/1138773/log-tax-provokes-strong-debate

THE proposed tax increase on log exports in the 2017 Budget has prompted diversely robust responses from those with an interest in the timber industry.

25/03/2017

http://www.businessadvantagepng.com/png-forestry-confronts-china-weakness-falling-investment-and-higher-taxes-2/

The Chief Executive of the Papua New Guinea Forest Industries Association, Bob Tate, claims that PNG’s forestry sector is coming under increasing pressure. He points to a drop in demand from China, lower foreign capital investment and moves by the PNG government to lift industry turnover taxes.

25/03/2017

http://www.thenational.com.pg/log-tax-big-risk/

The PNG Forest Industries Association (PNGFIA) is extremely concerned about proposed changes to the log export tax announced in the 2017 Budget last Tuesday. The association’s executive officer Bob Tate …

23/03/2017

Ways to Make Your Financial Model Stand Out
to Your Investors.

https://www.entrepreneur.com/article/249257

Investors don't buy what they can't read.

20/03/2017

The Vision & Mission Statement of a Company:

A vision can be defined as a dream. However, when it is combined with a mission it becomes a destination. The “mission” of an organization is intended to describe how to reach the vision.
What Is Your Company's Mission? Simply stated, the mission is the basic purpose of your company. A well-developed mission statement can be a valuable management tool, providing future direction and a basis for decision making. A mission statement should ideally serve as a "guide to what management wants your company to be". It should "remind and motivate" managers and employees to "identify" with the vision of your company.

13/03/2017

Source Documents & Record Keeping.

If you intend to know if a SME is functioning and performing well, don't waste time talking with its flowery CEO, MD or owner, but ask to have a look at it ability to keep record of its daily expenses (source of funds used) and if its expenses (costs) are managed well.

13/03/2017

Advice to SMEs Startups in PNG.

Take this from my personal experience in doing business since 2007 (when in my 31yrs). If you are a SME writing proposal to seek investment (external funding) from private equity companies and foreign investors overseas or locally (PNG Banks not considered here), then ensure you understand this :

1. Your financial models (numbers) must be correct. Do not give numbers you can not justify through an economic basis or model.
2. You must have an "exit strategy" contained in your proposal before you submit. Investors must know where to come in and where to exit should anything happens
3. There has to be credibility and depth in your company's BODs. Noken pulimapim BOD with every Tom, Dick and Harry just because you know them.
4. There must be time period and key markers of development as you grow and mature the project. Every time your project successfully attains a key milestone, its share value also increases than it was before.
5. Whoever partner or director (shareholder) puts in large sum of finance and also puts in great efforts, knowledge/expertise, etc, he or she should be equally rewarded with greater shareholding in the company. Their time, finance and effort is NOT free to be taken for granted or abused in this affair.
6. Never commit early if anyone talking with you preaches big projects or interesting ideas but does not have the money to put it down right there. If you finance the deal or cost instead of him or her, ensure he/she signs a legal agreement with you that he/she will repay back or come up with some understanding with them. Never let it lose because he/she can simply get away with it and they will never compensate you....this is very true for those people who does not honor what a real friendship is. As a matter of fact do not believe in friendship so much to drop your guard. You have to be sensitive at all times.
7. Never to put all eggs in one basket. Spread out some private investment others don't need to know about it. Keep this secret and make it as your back up plan should anything goes wrong in the front door investments or projects.

Anyone who take time to read this and applies it .. these key advices can help you somewhere down the line. I lived it and I speak from solid experience.

01/02/2017

This is the future in energy security for the rural masses in PNG and for those not on the main grid. An eco-friendly development with huge reduction in GHG and also saves a lot on thermal fuel costs.