As the economic crisis deepens, smaller businesses are
finding it harder to survive. Business Editor Dene Mackenzie
talked to a selection of advisers about survival tips.
Business owners are becoming more reluctant to sell as the
economic crisis continues in New Zealand, the ASB succession
planning monitor has found.
Treasury seems to be
getting closer to forecasting the state of the Government
accounts after being woefully inaccurate throughout most of
last year and early this year as the global economic crisis
Consistency, communication and attention to detail are the
main ingredients to surviving any economic downturn, Dunedin
restaurateur Stephen Hannagan says.
New car sales tumbled last month in New Zealand but this
country was not out of step with others around the world as
sharemarket crashes and the global financial crisis takes its
Corporation continued to defy the world recession, performing
strongly in the year ended December 31.
Treasury has taken responsibility for a $1.5 billion funding
shortfall in ACC but Finance Minister Bill English is laying
the blame firmly at the feet of the previous Labour
Mascot Finance was yesterday placed in receivership but
customers will get all of their money back as the company is
covered by the Crown's deposit guarantee scheme.
Business investment was expected to contract sharply in the
near-term, according to a special Treasury report released
Spending $115 million on new carriages and locomotives for
KiwiRail was the first rail infrastructure spending to be
approved that made sense, Infrastructure Minister Bill
English said last night.
A fresh start from familiar foundations
cars for sale
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