- March 8, 2015 at 10:18 am #930997
SquirterMemberMember since: March 18, 2007
To get a better understanding of what New Zealand has to offer start-ups, Derek Handley and Linc Gasking sat down for a Q&A session offering tips for businesses thinking of relocating here.
We must be doing something right. ;););)
What are best aspects of doing business in New Zealand?
Derek Handley (DH): Definitely that New Zealand is one of the most beautiful, friendly countries in the world! So it’s one of the most beautiful and friendly places to do business in the world and seeing the beach or the sea on your drive home from work is inspiring and rebalances you with nature and the important things in life. It’s a great equaliser to always remind yourself what’s important and the wonderful planet we all share. No one takes themselves too seriously either – which by default means that you can’t, which is always a good thing. In many global ‘capitals’ like New York or Hong Kong a lot of people take themselves awfully seriously and are viciously competitive to the detriment of common sense and good manners.
Linc Gasking (LG): There are some many positive from an innovative culture to a facilitative government and an international pool of talent with diverse skills with world class abilities. New Zealand is a country with a global outlook with multicultural cities which have a real personality and a sense of community. The lifestyle is incredible lifestyle due to some breath-taking scenery, while there’s the bonus of being in similar time zones to the US West Coast and Asia. It’s a good test market where visas are relatively easy for skilled talent and entrepreneurs, it’s also an easy place to setup a business and is the number one least corrupt country in the world.
How would you describe the business culture in New Zealand?
DH: It’s pretty much in line with general culture in New Zealand – laid back, creative, fun-loving and balanced. It’s also very accessible – so there are far fewer ‘layers’ or hierarchies.
New Zealand is also quite generalist, because we are too small to have lots and lots of corporate departments where people spend their whole lives getting very good at one thing, we end up creating really brilliant all-rounders who have to be good at lots of things.
We are less cut throat than many places, far less hectic and stressful than most major cities around the world and we are fortunate to not have to deal with a lot of the challenges that exist elsewhere like corruption and instability.
LG: Very tightly networked, everyone is about two degrees from each other. However it’s also very friendly and even competitors will sit down and have a beer with one another.
What are the costs of doing business in New Zealand?
DH: New Zealand is really inexpensive to set up shop – you can get going establishing a company within a few days and on not a lot of money. It’s relatively expensive to live in the cities so housing becomes a relatively high cost for employees, which means salaries are decent. There aren’t a lot of ‘transaction’ costs, taxes are not bad and there are a lot of great government grants and incentives for research, development and for anybody trying to build a business from New Zealand that sells to the rest of the world. There isn’t any capital gains tax either – but their probably should be!
LG: There are comparatively low costs of doing business in New Zealand, it’s the international travel costs that can hurt new entrepreneurs based here.
What tips would you give to an entrepreneur thinking of starting-up in New Zealand?
DH: Get over there and meet the people and fall in love with the country! Building a start-up isn’t just about the start-up, it’s also about designing a new lifestyle for yourself – so thinking about where you are based is just as important as what kind of company you are going to build.
There are more and more technology and media entrepreneurs starting up companies in New Zealand every day and many of them are coming from overseas.
We are also creating some fantastic bio-tech and green technology companies just like LanzaTech (which Virgin partners with to pioneer a new age of biofuels for air travel) and taking them to the world.
LG: I’d say: spend some time getting to know people first and get introductions, plan to start a global business, tour the country and spend time talking to entrepreneurs in each city before deciding where to live, be aware that some businesses are not ideal for NZ, make sure your start up suits the local conditions and don’t forget to jump on a plane and meet your customers as soon as possible.
Cheers. 😀March 10, 2015 at 9:56 pm #930999
All true. A good reminder of what is good about this place that we call home.
Arandar/Himatangi Beach🏄🏼March 11, 2015 at 1:27 am #931001
And I was thinking nz is a great place to start a business because the people are so gullible that they believe pretty much everything they read or are told and the governments likely to bail you out if you get in the “crap”
At least they pay a living wage to folk intent on rubbishing the nz flag which the gullible nzlanders will adore because they are financing it …. yep … now would be a good time to set up a small business ready to pump out new flags…. but maid in china might make a better profit (damn those overheads) oh well…. now would be a good time to design business cards (ready to distribute) for marketing the china flags…. ah yes great place nz we should sell it offshore eh…… and we can all sing “how fkn great we are” until we believe…. really believe:DMarch 11, 2015 at 12:33 pm #931003
Just a thought.
Yes, NZ is a great place to live and its a great place to start a business.
With the distance from most of our markets being almost the only drawback, many small businesses can start here and achieve great success.
It is at that point that things become less rosy.
We have a tendency here to sell up at the point when micro and small enterprises become medium and profitable businesses. There are very, very few family owned businesses in this country. What happens is that we cash out and most often, that’s to foreign buyers, what’s more, to foreign corporate buyers and the subsequent profit and kudos is offshored.
Arandar/Himatangi Beach🏄🏼March 11, 2015 at 7:50 pm #931005
gayebelleBlockedMember since: May 28, 2008
Well I have just closed my business. There just doesn’t seem to be the spending money available. Going to turn the shop into a Hobby room. 🙂March 11, 2015 at 7:53 pm #931007
If that’s what you chose to do for reasons that benefit you, then, I’m happy for you Gaybelle. But if lack of business is what’s forced your hand you have my sympathy.
Arandar/Himatangi Beach🏄🏼March 11, 2015 at 9:57 pm #931009
kiwichickMemberMember since: May 9, 2008
All the best, more time and space now for your hobbies 🙂March 12, 2015 at 6:09 am #931011
All the best GB….but it begs the question….why wouldn’t you rent it out? Out of four large garages I have, (the kids are gone)I rent out three and rent the over head mezzanine floor to artists. There’s always someone looking for space for what ever. Bring the money in gal!March 12, 2015 at 4:44 pm #931013
kaiMemberMember since: January 4, 2008
Sorry GB that your wee place has to close .Must say you can look back and say you gave it your best shot.
You will find your Hobby room will turn in to a gr8 interesting place to take its place..
loved the pics of the wee shop I saw ages ago,,,,and sorry we missed getting to see it,,,, but new project,, new thoughts ..
Cheers From KaiMarch 12, 2015 at 6:09 pm #931015
gayebelleBlockedMember since: May 28, 2008
Most of the good stuff (Retro Kai) has sold, but kept some. I’ve just become inundated with women’s clothes which need washing and ironing, and shoes. Not having eftpos didn’t help, but been doing this for 3 years, and taken all the stuff over to the town shop.
My place needs a de-clutter, have enough collectables to start anew, but for my pleasure, not for punters.
No not for renting SOS, want my privacy back. Most people come by to use the loo, or demand a coffee. 😉
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