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Small Business Resources › Starting a Small Business Guide

SMALL BUSINESS GUIDES

Your guide to starting a small business

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

Start up business loans

Start up business loans

One of the first hurdles to jump over when you start a business in New Zealand is financing. For many start-ups this means courting funds through a small business loan or start-up loan. While you can fund your small business on the back of your own savings or by...

How to get an NZBN?

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.

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Starting a small business FAQs

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:

  1. Existing savings or current earnings if you are still working.
  2. Selling assets
  3. Family & friends
  4. Credit card
  5. Loan from the bank
  6. Short term business loans
  7. Government business grants
  8. Angel investors & venture capital

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