Retail

Small businesses in 'hard out survival mode'

Oliver Lewis
Fri, 22 Oct 2021

Small businesses in 'hard out survival mode'

Small businesses reliant on fourth quarter earnings are entering the period of 'highest risk'. (Image: Getty)

Oliver Lewis
Fri, 22 Oct 2021

Many small businesses reliant on festive period earnings are entering the highest risk period for failure, a senior economist has warned.New Zealand is a nation of small businesses. There are about 530,000 businesses with fewer than 20 employees, making up 97% of all businesses in the country, according to figures from the Ministry of Business, Innovation and Employment (MBIE).Of these, 388,000 businesses have no employees and about 100,000 have one to five.BNZ head of research Stephen Toplis said a significant number of small businesses were r...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News vie email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property

Click & collect: Bunnings doubles profits to $52m

Brent Melville | Thu, 02 Dec 2021

Building supplies group Bunnings had a good year, with net income more than doubling on the strength of a resurgent construction and DIY market.

Technology

'It's a breach': Vax pass data data storage concerning for Māori

Henry Burrell | Thu, 02 Dec 2021

There is a concern for the offshore storage of covid vaccine data and national awareness of vaccine passes.

Finance

Businesses', banks' views on credit availability diverge

Jenny Ruth | Thu, 02 Dec 2021

Apparently, contradictory views among businesses and banks may all be correct.

Small businesses in 'hard out survival mode'

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team