Your guide to starting a small business

Everything you need to know about how to start up a small business in New Zealand.

OpEx

When you’re running a business, the numbers matter. But you shouldn’t just be concerned about what you earn, it’s also about what you spend. That’s where operating expenses, or operating costs, come in. These are the costs your business incurs day to day just to...

OpEx

OpEx is the ongoing cost of running a small business. Read more for examples and what it means for your small businesses

Business Bank Account

A business model lays out the foundation for your business. So how do you create a solid game plan? Read more.

Business Model: Definition and Key Components

A business model lays out the foundation for your business. So how do you create a solid game plan? Read more.

CapEX vs OpEx

Capital and operating expenses are two key metrics for tracking the health and growth of small businesses. Let’s break down capex vs opex.

What is & how to calculate cost of goods sold (COGS)

What is the cost of goods sold? How do you calculate cost of goods sold? Simply, the cost of goods sold (COGS) is a core calculation in the buying and selling of goods by a small business, distributer, wholesaler, or manufacturer and we’ll show you how to...

Accounting terms

Firstly, let’s answer the question ‘what is accounting?’ and get on the same page. Accounting is the recording, analysing and summarising of financial information. It’s imperative in helping you understand the financial health of your business and planning your...

What is brand identity?

Your business brand identity is one of the main reasons customers buy from you: Who are you? Why should they buy from you? What are you all about? These questions are why you need to pay attention to brand identity and all the branding activity which accompanies...

Start up business loans

Starting a a new business in New Zealand? Read on to learn more about financing your new small business venture!

Sole trader business structure in New Zealand

Thinking about going out and working for yourself? Read on to find out more when starting a new business as a sole trader.

How to get an NZBN?

When you start your small business in New Zealand you will need an NZBN. Read on to find out how you can register your new business.

Checklist to starting a business in NZ

Starting a small business in New Zealand? There a few things to consider before starting a new business venture. Read on to find out more.

How to Write a Business Plan

The main goal of a business plan is to give your business the best chance of success. Read on to find out more about creating a business plan.

What business can I start from home?

The Covid-19 Pandemic has opened up a whole new remote world. Trends coming out of 2020 mean it’s never been easier to run your business from home. Cloud applications and the decline of face to face, necessitating new ways of interacting and forming relationships.

Here’s some business that you can start from home:

Blogging & copywriting
Buy and sell on ebay or FB marketplace
Ecommerce
Freelancing
Services based businesses e.g accounting, graphic design etc
Virtual assistant
Pet grooming/walking
Dropshipping

How to choose a name for your small business?

Choosing a name for your business is a big decision, especially if you’re planning to build a brand around it. Use this free tool from the New Zealand Government to check available business names, trade marks, web domains and social media usernames in one quick search.

What are some overlooked business start up costs?

Starting a business can be an expensive exercise. Here are some start up costs that are often overlooked:

Professionals & business registrations. Including domain name registration, accountant, bookkeeper or business advisor fees or licences and permits for your particular market.
Technology. Including remote working equipment, software costs, computers, printers, scanners, modems and IT servicing,software for accounting, security, design, documents, internet and mobile packages
Marketing. Including website, ecommerce, advertising, including social media ad spend, logo, imagery, signage, branding and design

How can I fund my new business?

There are many ways to raise money to support your business, it’s up to you to choose the most suitable and sustainable option for you and your business. Here are some common capital raising methods: