New Zealand's Best Source of Franchising Information Since 1992

Linkedin Twitter Googleplus Facebook
The Franchise Advice Centre

advice |

NEW YEAR? NEW START!

by Simon Lord,
last updated 07/12/2017

Ready for a change? Is it time to get into a business of your own? What do you need to do first?

click images to enlarge

The start of a new year is always a good time to examine your life and decide what direction you want to go in next. What’s really important to you, and how are you going to make your life better? That’s why people make New Year’s resolutions ­– but while going to the gym every day or giving up pies might only last a month or so, buying a business is a long-term decision that will change your life.

Having just been named the Supreme Franchisees of the Year for 2017 in the Westpac New Zealand Franchise Awards, Judi and Earl McWhirter have achieved a level of success they never expected. As our cover story explains, they started their new business at an age when many might be considering retirement, proving that there’s no right time to start – only the right time for you.

So if you’re frustrated with your current job, looking to improve your net worth or feel that there might be more to life, buying a franchise can provide excitement, adventure, opportunity and financial security. It can give you less time on the road, more time with your loved ones, more flexibility over where and when you work, more control over your life. It will probably also give you greater challenges than you’ve ever faced before and involve a lot of hard work. If you’re prepared for that, now could be a good time to consider making a new future.

 

Why is now a good time?

Apart from being the start of a new year, there are several reasons to consider a business of your own right now:

- Financing costs are near record low levels. If you need to borrow money to get started, it’s more affordable than ever. While interest rates may rise a little, they are still expected to stay low for some time, allowing you to get your new business established.

- Rising property values, especially in Auckland, have increased the equity that many people have in their houses. That makes it easier to raise the necessary finance or, if you want to move out of the city, may mean you can release some capital to help fund the business and reduce borrowings. The fact that property prices have stopped rising so fast could also make a business a more attractive investment.

- There are currently more opportunities than franchise buyers, especially with immigration slowing down. Immigrants are more likely to look for established businesses than start new ones. It means franchisees prepared to... 

 

This article appears in full in the latest issue of Franchise New Zealand magazine (Year 26 Issue 4). Read the entire article in the digital magazine or, if you live in New Zealand please send for your free print copy.

other articles you may be interested in:

Free

Shadow

Send for your free copy of our printed magazine, New Zealand's most respected,
comprehensive
guide.

featured

Wide_span_sheds_logo_tile 2385_fran_acc_fnz_web_tile_fo Westpac_tile_ad_2016 Franchisenz_propertycare Goodwinturnerlogotile Nsme189586-0916-webtile-288x288px-white Sba_tile_2014 Franchisenz Dominoslogotile Freelisting Jim_s_building_inspections_logo_tile_web
Jim_s_building_inspections_logo_tile_web Wide_span_sheds_logo_tile 2385_fran_acc_fnz_web_tile_fo Westpac_tile_ad_2016 Franchisenz_propertycare Goodwinturnerlogotile Nsme189586-0916-webtile-288x288px-white Sba_tile_2014 Franchisenz Dominoslogotile Freelisting
Freelisting Jim_s_building_inspections_logo_tile_web Wide_span_sheds_logo_tile 2385_fran_acc_fnz_web_tile_fo Westpac_tile_ad_2016 Franchisenz_propertycare Goodwinturnerlogotile Nsme189586-0916-webtile-288x288px-white Sba_tile_2014 Franchisenz Dominoslogotile
Dominoslogotile Freelisting Jim_s_building_inspections_logo_tile_web Wide_span_sheds_logo_tile 2385_fran_acc_fnz_web_tile_fo Westpac_tile_ad_2016 Franchisenz_propertycare Goodwinturnerlogotile Nsme189586-0916-webtile-288x288px-white Sba_tile_2014 Franchisenz

PUTTING PEOPLE in BUSINESS