MYOB, New Zealand’s leading accounting software provider for the SME market is today welcoming the Government’s focus on a vital sector of the economy with the launch of The Small Business Report.
The Small Business Report, prepared by MBIE, was launched today by Minister for Small Business, the Hon Steven Joyce, at a special event in Wellington. Preceding the launch of the report, the Inaugural Symposium of the New Zealand SME Research Hub brought together researchers, officials and policy makers to discuss priorities for SME research and policy and create opportunities for collaboration.
Around 97% of enterprises in New Zealand have fewer than 20 employees, while 69% are operated by sole-traders. The 460,000 small businesses in New Zealand employ 584,000 people.
MYOB General Manager, Adam Ferguson says MYOB applauds the Government’s focus on this important sector for the New Zealand economy.
“SME’s play a significant role in the growth and success of New Zealand. They do this not only through their direct contribution to the economy, but also in terms of innovation, the creation of jobs and opportunities, particularly for young people, and a broader contribution to the success of local communities,” says Mr Ferguson.
“By bringing together the Research Hub, the Government is demonstrating a clear commitment to understanding not just the role SMEs play but the policies and support that can help ensure they succeed.”
MYOB provided a range of information for the report, through the MYOB Business Monitor. The Monitor, which has been running for 5 years in New Zealand, is the largest SME survey of its kind in the country, measuring the performance, challenges and investment strategies of more than 1000 local SME operators.
“We are extremely proud to have played a part in putting together this important report,” says Adam Ferguson.
“For over 20 years, MYOB has worked with the SME sector in New Zealand, focusing on understanding the barriers to success and providing the software and support to make life easier for business operators at every stage.”
“We believe this level of collaboration, between policy makers, researchers and business, can make a major difference in the lives of small business operators around the country.”
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Established in 1991, MYOB is New Zealand’s leading accounting software provider. It makes life easier for approx. 1.2 million businesses across New Zealand and Australia, by simplifying accounting, payroll, tax, practice management, CRM, websites, job costing, inventory, mobile payments and more. MYOB also provides ongoing support via many client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly in cloud computing solutions, and now spends NZ$35+ million annually on research and development. For more information, visit myob.co.nz.