Tough economic conditions over the past six years have taken a toll on the survival rate of small and medium-sized businesses, but franchises appear to have fared better.

International data supplied by the Franchise Association of New Zealand (FANZ) indicates about 75 to 85 percent of franchises were still operating after five years, compared with about half of independent small businesses.

Franchise Association of New Zealand CEO Katrina King says business is tough for everyone in this climate, but some sectors have been able to hold on. 

"I think with franchising, because of the breadth of industry and because it is in every part of New Zealand - there's going to be resilience." 

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Tough economic conditions over the past six years have taken a toll on the survival rate of small and medium-sized businesses, but franchises appear to have fared better.
International data supplied by the Franchise Association of New Zealand (FANZ) indicates about 75 to 85 percent of franchises were still operating after five years, compared with about half of independent small businesses.
Franchise Association of New Zealand CEO Katrina King says business is tough for everyone in this climate, but some sectors have been able to hold on.&nbsp;
"I think with franchising, because of the breadth of industry and because it is in every part of New Zealand - there's going to be resilience."&nbsp;
LISTEN ABOVE

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

Katrina King: Franchise Association of New Zealand CEO on what current economic conditions mean for businesses

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5325fa7e-95ef-4f48-af3a-b4650073f555/transcript