The numbers of Kiwis fleeing to Australia aren't slowing down, but nonetheless, one Kiwi entrepreneur thinks New Zealand is outperforming other countries around the world.
The Entrepreneurs’ Organization (EO) has released the latest results from its Global Entrepreneur Indicator research project, a biannual survey of business owners from around the world.
And New Zealand entrepreneurs are much more positive about the current business environment than their international counterparts.
"They are seeing increased revenues and profitability going forward, and increased hiring of staff,” said Tony Falkenstein, New Zealand EO member and founder of Just Water International Ltd.
“I believe that New Zealand is outperforming other countries in the world due to the Euro problems, the Global financial crisis, and the droughts in the USA. New Zealand entrepreneurs are seeing the 'food need' being as good for New Zealand, as the 'mining' boom has been for Australia.”
The survey focuses in part on performance-related metrics, such as jobs, profits and debt loads and partly on business climate, including access to capital and predictions on the economy.
Entrepreneurs are hiring at a much faster pace than they were a couple of years ago, with 63 percent of New Zealand entrepreneurs predicting an increase in the number of contract or part-time employees during the coming six months (compared to only 49 percent globally). Half increased their full-time staff during the previous six months.
Nearly half of New Zealand business owners expect economic improvement ahead, compared to a third globally – 94 percent said access to capital either improved or held steady during the previous six months, with nearly a third reporting that it in fact became easier.
And 89 percent anticipate a increase in net profit over the next six months (compared to three-quarters overall), with that number dipping slightly to 78 percent when considering potential increases in revenue.