BNZ helps start-up businesses
(20 July 2012 – New Zealand) Start-up business owners will receive free mentoring and advice from some of New Zealand’s brightest business leaders, thanks to a new partnership between Bank of New Zealand (BNZ) and Business Mentors New Zealand.
The initiative aims to prime Kiwi start-ups for growth, and offers a specially designed package with the tools they need for the critical make-or-break years.
BNZ Director, Retail, Andy Symons says this newest offering caters to the specialist needs of New Zealand start-ups.
"Small businesses are the backbone of the New Zealand business landscape, with 90 percent of all New Zealand enterprises having five or fewer employees.
"That’s why they need all the help they can get in their formative years, to help drive the country’s financial future prosperity."
Along with free access to a business mentor for up to two years, BNZ’s new offer for start-ups Includes:
• A 24 month fee waiver on MyMoney for Business
• Global Plus Business card at 2.99% for 12 months on balance transfers and purchases
• Free use of Xero for three months
• A Telco package from Telstra which caters to small businesses needs at $75 a month
• New business plan diagnostic tools for starting and growing a business.
International studies of business mentoring programmes found a number of benefits for small and medium sized enterprises directly attributable to the scheme, including increased sales turnover of 3.3 percent, increased after-tax profits of 17.9 percent and increased employment of 6.1 percent.
BNZ Director, Retail, Andy Symons says this newest offering caters to the specialist needs of New Zealand start-ups.
"Small businesses are the backbone of the New Zealand business landscape, with 90 percent of all New Zealand enterprises having five or fewer employees.
"That’s why they need all the help they can get in their formative years, to help drive the country’s financial future prosperity."
Along with free access to a business mentor for up to two years, BNZ’s new offer for start-ups Includes:
• A 24 month fee waiver on MyMoney for Business
• Global Plus Business card at 2.99% for 12 months on balance transfers and purchases
• Free use of Xero for three months
• A Telco package from Telstra which caters to small businesses needs at $75 a month
• New business plan diagnostic tools for starting and growing a business.
International studies of business mentoring programmes found a number of benefits for small and medium sized enterprises directly attributable to the scheme, including increased sales turnover of 3.3 percent, increased after-tax profits of 17.9 percent and increased employment of 6.1 percent.
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