Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Kiwi businesses confirm growth predictions

April 11, 2014

Global Entrepreneur Indicator Survey: Kiwi businesses confirm growth predictions

Predictions six months ago of big things for the New Zealand economy have been borne out by business results according to an international survey of entrepreneurs.

The Global Entrepreneur Indicator published this month (Apr. 2014) for the six month period to 31 March shows more Kiwi entrepreneurial businesses have increased both their profits and revenues than the global average.

The survey also shows our entrepreneurs are more positive about our country’s economic environment with 95 per cent predicting improvement in the next six months compared with only 48 per cent globally.

The indicator is generated from a survey of every chapter of the world-wide Entrepreneurs’ Organization (EO) including its New Zealand chapter.

Tony Falkenstein, the communications chair of the NZ Entrepreneurs’ Organization, says the survey results confirm predictions six months ago of a marked improvement in New Zealand’s trading conditions.

“Compared to entrepreneurs worldwide, more of our businesses are profitable, more have increased part time staff, more have grown their revenues and more have increased their access to capital,” Falkenstein says.

“That confirms the confidence predicted by New Zealand entrepreneurs in our previous survey six months ago. Even better, that confidence is continuing with local businesses predicting more good things to come in 2014.”

The survey shows Kiwi entrepreneurs expect to grow both full time and part time staff numbers and continue to improve their profits above average.

Falkenstein says debt loads are expected to decrease although growth in that area during the past six months indicates an inclination to borrow for working capital “which is a good thing”.

“Forty-three per cent of our businesses have also increased their access to capital in the past six months and New Zealand entrepreneurs also expect that demand for funds to continue this year.”

He says 97 per cent expect revenue growth in the next period compared to only 83 per cent of global entrepreneurs. Mirroring results from the previous six months survey, more than 90 per cent of New Zealand entrepreneurs have “a proclivity” to start a new business in the current year.

“The Global Entrepreneur Indicator reflects the positive attitude of New Zealand entrepreneurs and this reinforces the results from last year’s survey. It’s all good news because it is entrepreneurs - more than any other business sector - who create growth in the NZ economy.”

Full Global Entrepreneur Indicator results below:

Chapter Data Report: EO New Zealand

Survey period: March 2014

Change in number of full-time employees during past six months:

Global ResultsEO New Zealand Results
Stayed the

Predicted change in number of full-time employees during coming six months:

Global ResultsEO New Zealand Results
Stay the same29.06%10.81%

Change in number of part-time or contract employees during past six months:

Global ResultsEO New Zealand Results
Stayed the same46.37%32.43%

Predicted change in number of part-time or contract employees during coming six months:

Global ResultsEO New Zealand Results
Stay the same41.87%29.73%

Change in net profit during past six months:

Global ResultsEO New
Stayed the same23.13%16.22%

Predicated change in net profit during coming six months:

Global ResultsEO New
Stay the same15.45%8.57%

Change in debt load during past six months:

Global ResultsEO New
Stayed the same57.65%56.76%

Predicted change in debt load during the coming six months:

Global ResultsEO New Zealand
Stay the same58.14%64.86%

Change in your business’s access to capital during past six months:

Global ResultsEO New
Stayed the same60.62%48.65%

Predicted change in your business’s access to capital during coming six months:

Global ResultsEO New
Stay the same57.10%51.35%

Change in your business’s revenue during past six months:

Global ResultsEO New Zealand Results
Stayed the

Predicted change in your business’s revenue during the coming six months:

Global ResultsEO New Zealand Results
Stayed the

Predicted change in your country’s economic environment during coming six months:

Global ResultsEO New
Stay the same40.29%2.63%

Current proclivity to start a new business:

Global ResultsEO New
Zealand Results
Would start a new business84.42%91.67%

About Entrepreneurs Organisation NZ
Entrepreneurs Organisation NZ is the catalyst that enables entrepreneurs to learn and grow from each other, leading to greater business success and an enriched personal life. EO NZ was founded in 1998 and is a chapter of a US-based Entrepreneurs Organisation, a dynamic global network of more than 9,500 business owners in 42 countries. There are 50 members of the New Zealand chapter with an average age of 46 employing more than 1,600 staff representing industries from accounting through to waste management. Globally, if EO were a country it would be in the top 25 nations ranked by GDP. Membership in one of EO’s 120 chapters is by invitation only. Find out more at


© Scoop Media

Business Headlines | Sci-Tech Headlines


Science: Hookworm Discovery At Malaghan Institute

Professor Graham Le Gros has led a team which has stimulated both innate and memory responses to the parasite, discovering along the way the unexpected behaviour of one particular immune cell, in Hookworm, one of the world’s most devastating tropical ... More>>

Business: Provinces Urged To Make Full Use Of New Air Services

Provincial New Zealand has been urged to use new air services to Auckland or risk losing them either partially or completely. The stark warning was issued today by Far North mayor John Carter at a ceremony at Kaitaia airport to mark the final Air ... More>>

Mobile: 2degrees To Credit All Calls And SMS To Nepal

In the wake of the devastating earthquake in Nepal in the weekend, 2degrees will be crediting all calls and SMS messages made to mobiles and landlines in Nepal from Friday 24th April until midnight Wednesday 29th April. More>>

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>


Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>


Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>


Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>


Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>


Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news