Business start-up and expansion

Written By Kim Manunui

Starting and running your own business is the dream of a lot of people, the thrill of being your own boss, doing it your way and the freedom to create what you want, its exciting and scary all in one and when you finally achieve success you wonder why you didn’t do it years earlier, speaking from experience here.

One of the key factors in all business ventures is ‘preparation’ … in every aspect. While you may be great on the tools, running a business is a whole other ball game so it’s important to upskill in that area or have a partner that’s competent. Get a good accountant, get on software like Xero, keep on top of your taxes, keep cashflow in front and above all, price for success financially, its okay to let jobs go where it’s just a race to the bottom on pricing.

You’ll need to back yourself financially for a while, if you’re requiring funding from the get go you’re not ready, banks will typically want to see two years financials to even look at you and finance companies that fund start-ups will want to see some skin in the game, asset backing, strong cash flow forecasts from your accountant, a business plan and an understanding around your experience in the trade and also running business or who’s mentoring you.

Google Govt start up grants, venture capital, seed funders and angel investors that may be appropriate for your new start-up venture.

Buying an existing business with trading history is a good place to start whether it’s the business and/or equipment or property and again your industry and management experience are key drivers to the success of any venture or funding proposal.

So if you’re thinking about it … working toward a new start in the new year, getting all your ducks in a row, talk with your accountant first, research ‘everything’ and get in touch with your licensed financial adviser (broker) to sound them out on what’s possible, they know stuff and can help point you in the right direction or arrange funding that’s appropriate.

For more on the above, click on the link below.

Contact us
Kim Manunui

Hi, I’m Kim and I work with a great team to help individuals, as well as small and not so small businesses get their message, product and services to the world using digital media and creating wonderful websites that don’t cost the earth.

I was born in Canada, and grew up around Vancouver and the mountains of British Columbia. My love of pristine environments led me to New Zealand and eventually to the mountains, lakes and rivers of the central North Island which is home. My family’s heritage is here, and it’s from here that Korio traverses the planet.

The digital world is never static and neither are we.

And I say ‘we’ because I work with an awesome group of talented people who I gather together as required to complete a project.  Whatever your business, not-for-profit or individual needs are we gather the best team to get the job done.

Collaboratively we are creative, share sustainable values and work hard for great outcomes because that’s the buzz of satisfaction that drives us.

If you have an audience and market to reach, we can make that happen. Creative design, words that work and smart behind the scenes stuff that cuts through the online noise. We’ll design your website and then build it. We’ll manage the content as well as all your hosting needs. We can handle your online advertising so you get noticed,
and we’ll manage your social media presence so you get the clicks, likes and engagement to grow your business. All within the budget you set, because none of this needs to cost the earth.  And the job doesn’t stop when your website goes live. We are your virtual business partner.

https://www.korio.co.nz
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