The SME Stream

Tough economic conditions over the past six years have taken a toll on the survival rate of small and medium-sized businesses, but franchises appear to have fared better.

International data supplied by the Franchise Association of New Zealand (FANZ) indicates about 75 to 85 percent of franchises were still operating after five years, compared with about half of independent small businesses.

Franchise Association of New Zealand CEO Katrina King says business is tough for everyone in this climate, but some sectors have been able to hold on. 

"I think with franchising, because of the breadth of industry and because it is in every part of New Zealand - there's going to be resilience." 

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Newstalk ZB's Claire Sherwood joins Herald NOW with the latest headlines from the South Island. 

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For bars in particular, low spend shows a real reluctance to get the wallet out as many of us try to spend less. 2degrees Business wrap - Garth Bray. 

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What does it actually take to walk away from a stable career and back yourself completely? In this episode I sit down with Holly Egerton, founder of Succession and one of my first ever mentorship clients, who left eight years in law to build a business entirely on her own terms.

This one is for anyone sitting in a job they like but do not love, wondering if there is something more out there for them.

Ready to take the leap? Join my Business Masterclass today ⬇️

👉🏼 https://www.makeithappen.org.nz/
📲 Socials: https://www.instagram.com/makeithappen

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House prices are still falling in real terms, construction is slowing and businesses are losing faith in a quick recovery. Liam Dann and Tamsyn Parker discuss what could be New Zealand's biggest property reset in decades, 

They also explain why Auckland's economy is feeling the pain and consider whether upcoming GDP figures will show the recovery has stalled once again (probably).

The Economy of Everything is brought to you by CMC Markets. 

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2degrees Shaping Business Report surveyed more than 500 NZ businesses providing a snapshot of how they're navigating increasing economic uncertainty. Video|Herald NOW Business   

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The Finance Minister is promising more detail is coming regarding a billion dollar pre-Budget allocation.

The funding's been labelled 'secret spending' by Labour.

Nicola Willis says this reflects the Government's provision for a potential capital to operating forecast change in transport spend - that can be subject to future decisions.

"That is literally what it is, and we will be taking policy decisions on that over the next few weeks and months." 

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Manufacturing and rural doing okay, but slowing construction keeps a headwind on them. Mohandeep Singh - Craigs Investment Partners.

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Energy and other fixed costs biggest problem for business, Apple boosts Siri AI, donation rebate cap hammered by charities.

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New data shows Australian business confidence is on the up - but things are still gloomy across the Tasman.

The survey from National Australia Bank showed its index ​of business conditions held at +3 in ​May, ending four months of losses. Confidence ⁠improved modestly to -14, from -23 in April.

HSBC Chief Economist Paul Bloxham explained further.

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