Business Benefits – 4 Ways To Expand Your Business In NZ

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If you run a business and are trying to break into the New Zealand marketplace, with so many well-established companies already present, you may be finding it difficult to get your foot in the door. However, modern innovations in business have started to make expansion easier in virtually every country across the globe.

Nowadays, with the advent of virtual offices and coworking spaces, you have a number of options to expand your business ventures in New Zealand. So many in fact, that you may not even know where to start. It can be difficult to keep up with all the latest advances, as there is just so much else to focus on in the contemporary business world.

Let’s take a closer look at some of the ways in which you can grow your business ventures in New Zealand.

Test The Waters With A Virtual Office

Virtual offices are, essentially, everything you need to run a business without actually having a physical office space. With a premium virtual office service, you are free to use your providers address on all correspondence and marketing materials, as well as having a dedicated receptionist to answer calls in your business name. This allows you to give the impression of having a brick and mortar business in New Zealand, while you are feeling out the marketplace.

Utilise A Coworking Space

Time is of the essence in business and the great thing about utilising the services of a premium coworking space in New Zealand is that you gain instant access to a fully-fledged fitted-out office from which to work, take meetings, and carry out business related tasks straight away without delay. With a flexible month-to-month fee you can be working from the most prestigious office building in Auckland in an instant without having to spend valuable time scoping out office locations, setting up essentials like internet and phone connections or hiring support staff. As a growing business, it is unlikely that you would be able to afford to rent or own an office in a building of this calibre yourself, and a coworking space provider can make it happen straight away.

Start Building A Strong Network

With the diverse range of businesses in the New Zealand marketplace, there are tonnes of opportunities to connect with multinational companies operating in the country. This is especially true of major cities like Auckland and Wellington. With any business expansion, you are going to need all of the help you can get. A coworking space can get you started by immediately connecting you to hundreds or even thousands of professionals in not only your own industry but others as well. With premium coworking providers you’ll also gain access to a members-only online community where you can make further connections. Networking in this way will set you up for success in the future as in the business world, it’s all about who you know not what you know.

Choose A Premium Provider

It cannot be stressed enough that you need to make the right choice in provider when it comes to virtual offices and coworking spaces. Not every provider is going to offer the same locations, equipment, or services. The expansion of your business is far too important to make an uninformed decision on your coworking needs. Take your time, ask questions, and make sure you have evaluated all of your needs before you choose a provider.

Expansion Ease With Modern Innovations

Business expansion will be a challenge, so you need to have the right support to succeed. You are no longer restricted to traditional brick and mortar ways of growing your business and with an open mind and new ways of doing things, you will make an impact. Take a look at the virtual office solutions and coworking spaces available, and you may be surprised at what they can do for your business growth.

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Prospects for Capital Infusion: A Convincing Pitch for Sourcing Funds for Business Expansion

One of the biggest challenges of small business owners is capitalization. Although the general business structure and organizational management are more straightforward, business expansion does not always come immediately. Often, the hurdle is the lack of funds necessary for such business growth. More aggressive entrepreneurs could consider looking for investors to infuse the much needed capital into their business.

business expansion

There are different ways through which this capital can be infused. Prospective investors may or may not want to be involved in the company in exchange for the money that he puts in. Regardless of what the arrangement is, the fact remains that the business owner will have to come up with a convincing pitch that will be attractive enough for the potential investors. You have to nail your investor pitch and gain the confidence of your potential investor.

You already know what’s in the deal for you, more capital. Your potential investor would naturally want to know what’s in it for him. If he is totally uninterested in what your business is all about, he will be less likely to want to let you use his money for your business goals. This means that you have to make your potential investor interested in what you are offering. Oftentimes, you only have a short period within which to do this. The most common advice given by communication and marketing experts is to keep the pitch simple yet exciting. For a 3-minute sales pitch presentation, you have to show your prospective investor that you have a business model that is worthy of his investment and that your business expansion plans can deliver great return on his investment.

An effective investor sales pitch requires a lot of preparation. You need to be clear about what your plans are and you have to be accurate in your business projections. It is easy to paint a picture of a profitable future. Keen investors will be able to tell whether you are bluffing your way into getting the capital infusion that you need. You do not necessarily have to go in detail about what your business expansion plans are during your investor pitch. However, you need to be ready with these details when your potential investor asks questions after your pitch. In all likelihood, your potential investor will ask for a copy of your detailed business plan. If he is convinced about your proposal, he will most likely want to discuss the specifics about your investor deal.

Image Credit:
Renjith Krishnan – FreeDigitalPhotos.Net

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