Menu
Kiwi entrepreneurs profit more in last six months than global peers:study

Kiwi entrepreneurs profit more in last six months than global peers:study

This according to the Global Entrepreneur Indicator published this month, covering a study of six months upto 30 September 2013, which forecasts profitability increases, full time employment growth and opportunity to increase working capital for NZ businesses.

Around 74 per cent of Kiwi entrepreneurial businesses have increased profitability during the past six months, as opposed to 61 per cent globally, and 76 per cent of them believe they will do the same during the next six months.

This according to the Global Entrepreneur Indicator published this month, covering a study of six months upto 30 September 2013, which forecasts profitability increases, full time employment growth and opportunity to increase working capital for NZ businesses.

The indicator itself is generated from a survey of every chapter of the global Entrepreneurs’ Organization (EO).

“The most dramatic difference between New Zealand and the rest of the world is our members’ outlook on the country’s economy,” said Tony Falkenstein, communications chair of the NZ Entrepreneurs' Organization (NZEO).

“Seven out of 10 New Zealand members feel our economic environment will improve during the next six months. Only 43 per cent of the rest of the world think the same.”

The survey states that NZEO members are finding access to capital easier, more than 90 per cent of them are inclined to start a new business in the current year, and three quarters of them plan on increasing full-time employees in the next six months as opposed to 63 per cent globally.

The survey also found that the debt load has increased for 36 per cent of NZ businesses, as opposed to 28 per cent globally. The next six months will see the load grow for 38 per cent of businesses, while the rest of the world stands at 27 per cent.

NZEO was founded in 1998 and has 50 members with an average age of 46 employing more than 1,600 staff representing industries from accounting through to waste management.


Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Entrepreneur Organisationentrepreneursglobal entrepreneur indicatornew zealand entrepreneur organisation

Featured

Slideshows

Sizing up the NZ security spectrum - Where's the channel sweet spot?

Sizing up the NZ security spectrum - Where's the channel sweet spot?

From new extortion schemes, outside threats and rising cyber attacks, the art of securing the enterprise has seldom been so complex or challenging. With distance no longer a viable defence, Kiwi businesses are fighting to stay ahead of the security curve. In total, 28 per cent of local businesses faced a cyber attack last year, with the number in New Zealand set to rise in 2017. Yet amidst the sensationalism, media headlines and ongoing high profile breaches, confusion floods the channel, as partners seek strategic methods to combat rising sophistication from attackers. In sizing up the security spectrum, this Reseller News roundtable - in association with F5 Networks, Kaspersky Lab, Tech Data, Sophos and SonicWall - assessed where the channel sweet spot is within the New Zealand channel. Photos by Maria Stefina.

Sizing up the NZ security spectrum - Where's the channel sweet spot?
Kiwi channel comes together for another round of After Hours

Kiwi channel comes together for another round of After Hours

The channel came together for another round of After Hours, with a bumper crowd of distributors, vendors and partners descending on The Jefferson in Auckland. Photos by Maria Stefina.​

Kiwi channel comes together for another round of After Hours
Consegna comes to town with AWS cloud offerings launch in Auckland

Consegna comes to town with AWS cloud offerings launch in Auckland

Emerging start-up Consegna has officially launched its cloud offerings in the New Zealand market, through a kick-off event held at Seafarers Building in Auckland.​ Founded in June 2016, the Auckland-based business is backed by AWS and supported by a global team of cloud specialists, leveraging global managed services partnerships with Rackspace locally.

Consegna comes to town with AWS cloud offerings launch in Auckland
Show Comments