One thing is clear: New Zealand’s many private businesses drive economic growth and are the foundation of the country’s long-term success. It is a nation of private business owners, large and small.
This report takes an in-depth look at three specific stages in an entrepreneur’s journey. First, the start-up phase, when a good idea is commercialised and the search for capital and customers begins in earnest – an exciting stage, but one that all-too often burns people out. The second phase is growth, where the entrepreneur must grapple with how to incorporate new talent into the business; essentially recognising his or her deficiencies and actively looking to bring the right people on board. The third stage we’ve called ‘Letting go’, although a more correct way to put it might be ‘Learning when to let go’, as the person who has nurtured and grown the business steps aside, having first – ideally – established a future-proof company culture and a viable succession plan. We’ve also talked to business owners and leaders, both in roundtable discussions and in in-depth, one-on-one conversations, about the challenges at each stage of the entrepreneurial lifecycle.
See the attached PDF for the full report (PDF 3.3 MB).
Quarterly global report on VC trends published by KPMG Enterprise.