The Ultimate Guide To Starting A New Business Venture In NZ- Part 2

Come along and explore part 2 as we discover some of the key things you need to keep up your sleeve when starting a new business venture in NZ. By following a few simple steps, staying organised and on track the mammoth task of your launching your new business doesn’t need to feel like a hike up Mount Cook! 

 

Get some good habits happening 

Starting off with good habits and routines are things which can help run your business smoothly and successfully through all stages. Every business owner is different, so different styles and strategies will work better for you then others.  

Some things you might like to consider to help keep your business striving include: 

• Find the right time management tools- this may be using a diary and pen, calendar, apps, planners, whiteboards or a combination of everything. Use whatever helps you feel organised and don’t be afraid to try new things if something is working out right 
• Don’t leave things to the last minute- for things like lodging your taxes or ensuring you have the right business insurances in place, make you sure you get them all sorted before it could potentially cause delays with the job at hand. 

• Make time for health and wellbeing- maybe it’s a quick walk on your lunch break or taking time out to listen to an inspiring podcast, setting aside some time to step away and refresh is essential when you run your own business. It can be a bit of a balancing act, but taking those steps are going to help you for the long run 

 

Market your business 

Setting all that groundwork to get your business operational also takes a bit of creativity to help launch it and let others know who you are. You don’t need to over complicate it either or spend a small fortune. These are some of the basics you can create to help build your business’: 

• Connect to social media accountants 
• Set up Google Ads 
• Network and let people know about your business via old fashioned word of mouth 
• Print off some business cards 
• Connect with local business associations, newspaper/media outlets, commerce groups 

We have plenty more tips if you need some marketing inspiration to help with getting your new business venture out there and noticed.  

 

Arrange any required licences and registrations 

Depending on the type of industry your business is operating in, there may be certain registrations and licences that you will need to have in place before you start trading. If you’re unsure of what type of licences and registrations your business may need it’s always a good idea to check with your industry body or board. 

If you plan on working in different regions you may need to also check that your business’ licence or registration is valid in the area you’re are working in. 

 

Hire the right people 

If your business needs some helping hands to join your team, really take your time to hire the right people. Sometimes staff can make or break a business so it pays to do your homework and to invest in a team that is going to help your business to new level. 

Some pointers for the hiring process include: 

• Do reference and background checks 

• Create a transparent contract that outlines all the main duties, expectations, pay/leave details of the role. You want to get the eye of a legal professional to look over this and check it. 
• Don’t rush the process. If someone doesn’t feel like the right fit for the role, interview other candidates 

Once you have formed your team, make sure you take the time to communicate and interact with them. Having weekly meetings, asking for their insights into what is working and what could be improved, are all small steps you can take to help continually strengthen your business. 

 

Keeping your business safe and secure 

Regardless if you are running your business from home, leasing a space or spend most your time on the road. Keeping your business safe and secure should be a priority. By being aware of some of the potential risks which may impact your business and being a step ahead by preventing them, you’re saving yourself a lot of headaches if something were to occur. 

Be mindful of: 

• If you’ve got tools, make sure you keep them locked up on your vehicle and on site 

• Check that your business premises is secured and that locks and windows are all able to be securely locked and shut 
• If required look at additional security options like alarms, cameras and grilles to give your business an extra layer of added security 
• Make sure you have all the right kinds of business insurance* in place to protect your business 

Get a quote to protect your business today with BizCover. We provide multiple quotes from some of New Zealand’s leading insurers in the click of button without the dramas.  

*This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms conditions and exclusions contained in the policy wording. BizCover Limited is owned by BizCover Pty Ltd (ABN 68 127 707 975)