Trends

Hawaii is Business Heaven, Not Hell

For many people around the world, Hawaii is paradise. They have a vision of pristine beaches, glorious sunsets and friendly people. In other words, heaven on earth. But when it comes to commerce, the vision of Hawaii from the outside…

Lessons Learned: Business Philanthropy

Danny Boren, founder of Maui-based Skyline Eco Adventures, understands that philanthropy is serious business. To date, Boren says, Skyline has donated more than $600,000 to Hawaii nonprofits and was the first zipline company in the world to join the “1%…

Hawaii Business BOSS - June 2013

18 Insights from the BOSS survey of 401 local business leaders Plus 10 nuances we thought you should know about 1. Performance Plateau The Performance Index is at 113, virtually unchanged from October 2012. This index is the BOSS survey’s…

Hawaii's Latinos Defy Stereotypes

Many people were surprised when the 2010 Census revealed that 120,000 people in Hawaii identified themselves as having Hispanic heritage, about 9 percent of the state’s residents. In fact, the Hispanic population in the Islands had grown by 38 percent…

New Big 5 May Be Emerging in Hawaii

Some suggest an influential coalition based on Hawaiian values, not simply economic value, could help steer the Islands’ future   The remnants of the Big Five, once the dominant companies in Hawaii, continued to shrink last year. The sale of…

Celebrities Get Down to Business on Maui

Open any celebrity magazine and you’ll likely find photos of stars living it up in Hawaii: lounging behind oversize sunglasses, playing in the surf or sipping on an umbrella-adorned drink. But not every famous person who visits the Islands is…

Hawaii's Best Company Vehicles

Best "Green" Vehicle Sunetric retrofitted this Honda Element with three 230-watt Sunpower modules and 12 killowatt hours of battery storage. The mobile solar power station, named Watt Wheels, provides free electricity at community, charitable and educational events. Best Classic Delivery…

Lessons Learned: Expanding in the Pacific

Lyon Associates, Inc. is a Honolulu-based, father-and-son engineering firm with projects from Micronesia to Bahrain. Jim Lyon, 45, was born on Okinawa, when Frank, now 82, was working for another engineering company. After retirement, Frank realized there was more work and…

Owned and Operated by Our Employees

Don Morrison Can readily list the equipment and vehicles his Kapolei company purchased in recent years. Morrison, CFO of Pacific AquaScapes Inc., says money was available for the acquisitions because of the company’s Employee Stock Ownership Plan, which shields the company from federal…

Hawaii’s Coolest Office Winners

OVERALL WINNER JON DUARTE DESIGN GROUP In creating work space for the Jon Duarte Design Group’s eight employees, the firm wanted a “collaborative environment” that was warm and welcoming, where designers could work together easily but also meet casually. Dark…

Private Jets Bring Wealthy to Hawaii

Travel by private jet – a leading economic indicator for lifestyles of the rich and famous – increased by double digits at key Hawaii airports last year, which was great news for dozens of local companies that fuel, feed and…

Paying Out More than It Earns for Years

Hawaiian electric industries has maintained the remarkable record of paying dividends to shareholders for more than 100 years. But, lately, there’s something else that people may find remarkable. For the past three-and-a-half years, HEI has paid more in dividends than…

BOSS Survey: Optimism & Concern

BOSS METHODOLOGY The Business Outlook and Sentiment Survey (BOSS) was conducted by QMark Research using a list of Hawaii companies purchased from Equifax Polk Business Directory. The sample of companies was stratified based on number of employees. Small businesses were…

5 Steps to Buying an Existing Business

Making a smart business acquisition “all comes down to how well your team can analyze the business,” says Gabe Lee, executive vice president of commercial marketing at American Savings Bank. Lee recommends hiring an attorney with experience in acquisitions and…

Export Lessons

When Rick Hadley became chairman and CEO of Hawaiian Springs in 2006, he didn’t want Hawaiian Springs to be just another water. He says his vision was to take the best water from the most beautiful place on Earth and…