Thanks for elevating my comment on small business to the post below.
Some of the resulting comments there either seek to belittle running a small business in NZ as a piece of cake, or to portray public servants as idle bludgers. Both approaches are wrong, and sad.
More to the point is the example of Helen Clark's approach yesterday to building a safety net. Leaving aside the issues of different treatments for different family circumstances, what happens when people like Blade get put out of business by the downturn, as some no doubt will? Seems to me they are not considered at all, and I see no mention of them in any public debate.
Under this regime and current NZ thinking small business people are at the bottom of the heap and are largely ignored, even though many earn an average income if they are lucky. Once they could count on selling their business to fund their retirement. Selling a going concern is often not possible today, except at a bargain price for the goodwill, because of the lack of desire to go into business in the present economic and political climate.
I believe that shift has largely happened under the tenure of Helen Clark.It will be interesting to see how John Key approaches the issue with his announcement today.We need a lot more enterprising small business people. It may not be hard to start up a business in NZ compared to some other countries, but I venture to say the mix of risks, rewards and frustrations in NZ needs to be much more attractive if we are to see the economic growth we need.
Just try asking the banks now for financial support for a small business, and see how far you get. They seem to see it as an excessively risky sector, which was not the case until about a decade ago. Too often in recent years I have seen small business ownership put down as a business option in favour of speculation in property development or rental property. Where has that taken us?
Not an alarmingly high rate
6 minutes ago