No matter where you are in your business journey, we’re here to help!
Whether you’re just starting out with a great idea, or you’ve got a plan and a team ready to go, or you’re already established and thinking about your next move, it’s always good to have some support and guidance. We can be your sounding board, provide advice, help you access funding, and connect you with experienced mentors. At the Wellington Pasifika Business Network, we’re all about helping you succeed, so don’t hesitate to reach out for as much advice as you need.
Congratulations on your exciting business idea! You haven’t invested any money into it yet, but now you’re starting to consider what your business will offer, how much it might cost to start, and the potential benefits for you and your family. It’s important to think about the resources, systems, infrastructure, and planning needed for your business.
Before you take the next steps with your idea, it’s crucial to learn about the process of setting up and running a business. Remember, knowledge is power, and there are various options available to help you gain the necessary knowledge and skills for success!
Knowledge is Power – Education is Key!
Te Wānanga o Aotearoa - Smart Steps for Business is a 20-week course that will help you to identify, evaluate and plan for the launch of your business. You’ll learn everything you need to build on your business idea and determine whether your business idea could work well in our market.
Te Wānanga o Aotearoa also run other free courses that will give you the opportunity to learn everything you need to establish and run your business:
We can also put you in touch with providers that run free business accelerator courses, where you can start an inspirational business journey and develop your knowledge and skills while you are in the early stages of developing your business.
You’ve made the decision to fully commit to starting your own business, and you’ve invested some financial resources to kickstart the process.
Great news! We’re here to support you every step of the way. The Wellington Pasifika Business Network is dedicated to helping Pasifika business owners like you during the crucial early stages of establishing your business. We understand the importance of accessing information and resources to set up your business structure, systems, and processes effectively, allowing you to hit the ground running.
During the start-up phase, you’ll play multiple roles:
Before you proceed further with your business idea, it’s important to gain knowledge about setting up and running a business. Remember, knowledge is power, and there are various options available to help you acquire the essential skills and understanding you need to succeed!
This website provides a great source of information, planning tools and useful templates that you can use to plan your business journey. You will learn all about:
Depending on the type of business you want to bring to the market, you will need to think about the overall contractual arrangements for the following:
Inland Revenue
The IRD has created an excellent series of videos to help new business owners.
Introduction to Business (ird.govt.nz)
You will learn all about different business structures so that you can determine which business structure is right for your business, what items are classed as expenses, how to register your business for GST and how to store and keep your business records properly.
You’re in the initial five years of growing your business. You’re putting in a lot of effort to establish the essential structures and exceed your sales goals. You’re focused on strengthening your business processes, refining your products and services, leveraging your competitive advantage, and expanding your team to ensure long-term success.
Access to Service Providers and Advice
The Wellington Pasifika Business Network can direct you to advisers to give you the advice and tools you need to grow a successful business:
Operations Management
People Management
Marketing Management
Financial Management
Congratulations on running your business successfully for several years! Your consistent financial performance has resulted in average or above-average profits. This steady growth has put you in a favourable position with your bank and potential funding partners. Now, it’s time to consider expanding your business.
The Wellington Pasifika Business Network is here to support you. We can connect you with the right service providers or provide direct assistance in developing your growth expansion plans.
1. HR Organisational Development Review: Ensuring you have the appropriate management and employment structure to propel your business forward.
2. Leadership Team Competency Development: Assisting you in enhancing the skills and capabilities of your leadership team.
3. Grant Funding Application Support: Helping you with applications for grant funding opportunities.
4. Reviewing Funding Applications: Evaluating funding applications from banking institutions, financial entities, venture capital firms, and angel investors.
5. Financial Performance and Profitability Review: Analysing your business’s financial performance, identifying opportunities for improvement, and optimising cost efficiencies.
6. Operational Systems Review: Assessing and enhancing your operational systems, including production, finance, marketing, and administration.
7. Expansion into New Markets: Exploring the expansion of your products and services into new markets, including overseas markets.
We are here to provide guidance and assistance as you embark on your business expansion journey. Together, we can help you achieve your growth goals and take your business to new heights.
After years of hard work, you have successfully established and grown your business. Now, you’re considering passing the business to a new owner.
At the Wellington Pasifika Business Network, we understand the importance of planning ahead for a smooth transition. We can help you create an exit strategy that works best for you, your staff, and the incoming business owner. Our goal is to ensure a successful and beneficial exit from your business.
Contact us now to discuss your plans and let us assist you in planning for a seamless transition. Together, we’ll make sure your business legacy continues to thrive.