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Money Week event proves popular

10 September 2016, Gisborne Herald

Business owners need to apply the same passion to the financial side of their business as they do to the carrying out of it. That was a key message in a workshop held by Activate Tairawhiti and ANZ during Money Week which ends tomorrow. 

Activate Tairawhiti business growth adviser Jo Emerre said finances and business planning were two key areas all businesses needed to get right, whether they were a start-up or already established.

The free workshops held this week were so popular with Gisborne business owners they had to be moved to a larger venue. Mrs Emerre said over 25 businesses attended each session, including a large number of people in the start-up phase.

Activate Tairawhiti business growth adviser Peter Jarratt said start-ups played a crucial role in the growth of this region.

“We’re helping ensure entrepreneurs are set up to succeed. This includes providing access to the critical information they need to establish their business — from free workshops like these to business mentors, specialist advice and possible funding support.”

ANZ regional manager business banking Carl McKenzie, from Hawke’s Bay, said they were pleased with the positive feedback from participants and hoped to hold more workshops.

“We encourage small businesses to apply the same passion that they provide to the ‘doing’ of their business to the basic financial building blocks of their operation.

“Often budgeting or tax are the things that small business owners dread. We encourage them to ask for help, seek to learn and talk to others in their position to ensure that activities that underpin their business are strong, and allow them to focus on delivering products or services as well as they possibly can.”

Mr McKenzie said it was important to seek to understand the basics and put effort into the financial foundation of your business so it will provide a platform to grow.

“Gather as much information as you can about market conditions, trends and industry changes. Grab hold of opportunities that give insight as to where you can best position your business. Talk regularly to your advisers about what you are experiencing so you can make timely and informed decisions about changes you may need to make to your budgeting.”

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