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Third of Kiwi businesses are growing – survey

three sisters New Zealand

THURSDAY 23 APR 2015 6:30 A.M.

three sisters New Zealand
three sisters New Zealand

It’s what is often called the ‘three B’s mentality’ – the boat, bach and the beemer.

Westpac’s Grow New Zealand report has found more companies with an annual turnover of between $250,000 and $5 million are doing better than four years ago.

The report says that 30 percent of businesses are growing, up from 12 percent. Many are up-skilling their staff but fewer are looking to invest to develop new products, increase sales or hire staff.

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