I found this whilst scouring The New Zealand Herald Website just now. It is about New Zealanders lacking drive to develop large businesses.
i am not surprised to read this as this is a state that is highly dependent on welfare.
I would not be surprised if either John Key or Don Brash of the National Party have a comment to make regarding it so I shall keep you posted.
here is the article from the site, along with the link
http://www.nzherald.co.nz/index.cfm?c_id=3&ObjectID=10118617| QUOTE |
New Zealand business people lack ambition and sell out to foreign control too easily, the chairman of a number of leading companies has said.
Bill Falconer lamented an apparent lack of people with "drive to develop our enterprises" into large, successful companies. |
I think this drive is to do with the condition several New Zealanders suffer from, tall poppy syndrome of never being good enough. I think we should stand proud and be counted. No, in reference to business, too many people are going overseas, those who would set up businesses, the government needs to address this problem, this is a bit of propaganda but National intend to reduce student loans for thsoe who do stay in the country for a certain amount of time. If you require more info regarding party policies then visit www.national.org.nz or www.labour.org.nz I do not see Labour doing this. Their cabinet doesn't hve the strength or drive (funny that) to implement a plan to grow New Zealand business.
| QUOTE |
"Are there business people in New Zealand with the vision and commitment to create a big New Zealand wine company?" he asked as an example.
Mr Falconer, who is chairman of Oyster Bay Marlborough Vineyards, Hellaby Holdings, Restaurant Brands, and the Meat Industry Association, said he "regretted" the sale of rival wine firm Montana to Allied-Domecq.
"In my opinion it denied the opportunity to New Zealanders to invest in their own number one winemaker.
"One has to ask if there's an inevitability that investment in our wine industry... has to come offshore." |
The thing at the moment is, with the property boom, this could also be a factor, the attention and focus has been taken off investing in business and people are going for the safer option of investing in property but there is an age old saying "you have to spend money to make money.
| QUOTE |
| Mr Falconer added New Zealanders were good at starting exciting ventures but stumbled when it came to taking them to the next level, partly because of "50-foot yacht syndrome". |
I am not surprised. I only see promotion of building enterprises happening under a National led government, Labour won't do it in my opinion based on their previous actions. I have evidence that people start something and don't finish it, a guy in my class is in the process of trying to get an album released but half way through it he has lost his nerve and we are having to motivate him to do so.
I suggest the business industry getting together with National. A good policy could be to start up a new scholarship prgramme that gives funds to young etrepreuneurs, this could work to boost New Zealand business and bring more capital into the country. It would certainly win a lot of people's votes as it is providing opportunities but still fits in with National's hard work policies.
"If we are going to have a kind of enduring development in this country then we have to not stop.
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| "If you are a New Zealand owned company then you'll get optimal outcomes for New Zealand's economy." |
This will only happen if the business is well marketed and the owners show confidence. A wise thing to do would be to send a press release to the NBR or NZ Herald for publication.
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| However, Mr Falconer stressed he was not arguing for restraining overseas investment -- it was more a matter of finding the New Zealanders that wanted to "have a go" first. |
i agree with this, we should only really rely on overseas business when and if we fail. Again, you have to try something out and persevere until you succeed. Look at Steven Tindall of the warehouse, very successful man, we should have more people like him. Seminars in schools could be a good measure of action to grow NZ business.
| QUOTE |
The businessman questioned why there was little investment in enduring manufacturing businesses and said New Zealand's business focus had "come down" in recent years.
"There's no real growth sectors or major businesses that will make a material difference to New Zealand's economy and put us on a par with Australia." |
As mentioned, tall poppy syndrome.
| QUOTE |
Mr Falconer said while New Zealand had recorded good economic growth in recent years, it was "not spectacular or of an enduring nature".
He also believed there was a lack of available risk capital in New Zealand, which was one reason why it was difficult to grow businesses.
"There's clearly adequate capital for establishing industries but what seems to be in short supply is long-term, patient investor capital." |
The money is going into property at this point in time, hopefully this will change. I plan to set up my own business in my early 20s.
There, sorry for that rant guys but this article really interested me and I think NZers lack motivation and confidence. Bring on the seminars and bring on the Don Brash and John Key speeches.