NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Small Business

Plenty of money to be made in NZ

By Yoke Har Lee-Wolfe
NZ Herald·
10 Sep, 2012 03:00 AM5 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Business is tough in a global recession but there is still money to be made in New Zealand – and the lifestyle’s not bad either.

Ian McCrea likes to rise early, slip down to Okahu Bay and get out on the Waitemata before he starts work. There, he can work out in his kayak or on his paddleboard a 10-minute drive from home. And at the end of the week, he and his family can spend the weekend at their Waiheke hideaway.

McCrea, Orion Healthcare's CEO, knows that his lifestyle would be hard to replicate if his head office was based overseas.

"Auckland is safe for my kids to walk around town, certainly far safer than American cities."

For a software export company like Orion, New Zealand is an ideal base, even though 90 per cent of its business is overseas. The company employs almost 700 people in 18 offices around the world and last year turned over $100 million.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"We don't pollute the streams, we don't kill the fish," McCrea says. "There are huge untapped opportunities in exporting software. They are weightless products that we can export them just over the internet."

Like others who have built successful businesses in this corner of the world, McCrea thinks this country can be a hothouse for creative, high-value businesses that will propel New Zealand into first-world status. Many of those spoken to for this article believe "making it big" in New Zealand is still within reach, for those who dare to dream global from day one, to disrupt conventional ways of thinking and to risk capital. New Zealand is off the beaten track, but the internet has made the world a flatter place and opportunities for business abound, they say.

"You can build wealth faster these days," says Derek Handley, co-founder of mobile marketing shop Hyperfactory, which he has since sold. He points to Kiwi entrepreneur Victoria Ransom, co-founder of social media start-up Wildfire Interactive, who sold the company to Google for around US$250 million after barely four years.

This speed of wealth generation is faster than any Rich Lister can imagine, Handley says. A new breed of entrepreneurs will fund new waves of start-ups budding out of New Zealand.

Advertisement
Advertise with NZME.

"We need to encourage the rock stars of digital technology - either from a capital or knowledge perspective - who will create more Xeros," he says, referring to the financial software company founded by Rod Drury.

Some Kiwis have had to move offshore to be closer to the markets, but those with experience say that's not a bad thing. Business tycoon and philanthropist Sir Owen Glenn, who sold OTS Logistics for just under $500 million last year, spent an "immense" amount of time outside the country. He says he could not have grown his business to its size without going abroad.

Like McCrea, businesswoman Diane Foreman, owner of the Emerald Group, sells globally but sees no reason to move her business base.

Foreman, wealthy enough to live anywhere, chooses to live in Auckland because she's a strong believer in manufacturing in New Zealand and is keen to see more industries using the country's natural resources. She says our high dollar and freight costs to distant markets make it hard for manufacturers.

Discover more

Economy

Mid-tier businesses are NZ's unsung heroes

14 Aug 05:41 AM
Economy

NZ's global competitiveness improves, Australia slips

05 Sep 08:00 PM
Lifestyle

Hear our voices: 'Cultural cringe' an obsolete bias

10 Sep 03:00 AM
Business

NZ's can-do temperament creates nation of innovators

10 Sep 03:00 AM

At its East Tamaki factory, Emerald Foods churns out between 15 million and 18 million litres of ice cream a year in various brands, including New Zealand Natural, which sells in hundreds of outlets in 21 countries. She says that, although New Zealand's geographical isolation is its most difficult feature, its sophisticated market makes it a great product test-bed.

World Bank figures show that we have a high number of enterprises per capita, OECD statistics put us in the bottom rank in terms of how fast our small- and medium-scale enterprises grow: 90 per cent of businesses still employ fewer than five people.

Icebreaker clothing company founder Jeremy Moon warns that, as we mark out territory in the global village, business people need a clear vision of how their company should unfold.

"If you have a vision based on New Zealand, your business will be limited to New Zealand," says Moon, who spent months writing his global business plan before starting his company. To become global, you have to think global from day one: think product differentiation, think brand; think value - not volume, he says.

Michael Carden, chief executive of performance-management software maker CSB (previously Sonar6), says the capital constraints faced by companies operating in New Zealand are a real barrier to growth.

Will Rouse, chief executive of Simcro which makes animal-drenching products, agrees. He says we need to rethink our policy on savings, to create more depth in the local capital market.

Advertisement
Advertise with NZME.

Owen Glenn would like to see financial syndicates established to enable New Zealand businesses to retain ownership, partial if necessary. But it's not all about business, he says.

"My reason for being a proud Kiwi extends well beyond business, it's the very fabric of our psyche - our friendliness, our integrity and our wish to be good neighbours."

Expatriate Kiwi and billionaire businessman Eric Watson has faith in the potential he sees during regular visits home from his London base.

"Auckland can be for New Zealand what London is for the UK - a massive contributor in economic and cultural terms."

"There is something very special about being a New Zealander, it is something to be proud of. When I step off that plane each time, it definitely feels like I am home."

Yoke Har Lee-Woolf, currently a freelance writer based in Auckland, is a former Business Herald journalist.

Advertisement
Advertise with NZME.
Save

    Share this article

Latest from Small Business

Premium
Small Business

Small Business: Weaving culture and quality with Nodi Rugs

15 Jun 05:00 PM
Premium
Media and marketing

‘Fastest to $20m revenue’ - Tracksuit's rapid growth, $42m raise

11 Jun 05:00 PM
Premium
Small Business

Small Business Q&A with Willy Benson of PortaSkip

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from Small Business

Premium
Small Business: Weaving culture and quality with Nodi Rugs

Small Business: Weaving culture and quality with Nodi Rugs

15 Jun 05:00 PM

Olivia Moon talks to Tom Raynel about her hand-woven rug business Nodi.

Premium
‘Fastest to $20m revenue’ - Tracksuit's rapid growth, $42m raise

‘Fastest to $20m revenue’ - Tracksuit's rapid growth, $42m raise

11 Jun 05:00 PM
Premium
Small Business Q&A with Willy Benson of PortaSkip

Small Business Q&A with Willy Benson of PortaSkip

Premium
On The Up: Former Olympic swimmer dives into business with waste venture

On The Up: Former Olympic swimmer dives into business with waste venture

08 Jun 05:00 PM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP