More businesses are reporting losses but things may not be quite as bad as the numbers make it seem. 

Inland Revenue data shows one in five businesses aren't turning a profit. 

But ABC Business Sales Managing Director Chris Small says most of those are businesses structured to make a loss, like trusts and property companies. 

He told Mike Hosking the situation he's seeing is far more positive. 

Small says 90% of businesses that are coming to see him are making a profit, with others making a paper loss. 

LISTEN ABOVE 

More businesses are reporting losses but things may not be quite as bad as the numbers make it seem.&nbsp;
Inland Revenue data shows one in five businesses aren't turning a profit.&nbsp;
But ABC Business Sales Managing Director Chris Small says most of those are businesses structured to make a loss, like trusts and property companies.&nbsp;
He told Mike Hosking the situation he's seeing is far more positive.&nbsp;
Small says 90% of businesses that are coming to see him are making a profit, with others making a paper loss.&nbsp;
LISTEN ABOVE&nbsp;

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Chris Small: ABC Business Sales Managing Director on the number of businesses reporting losses

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a9ecfe05-c9c4-4c2a-8c10-b33701547669/transcript