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LETS GET DOWN TO BUSINESS.

Question :
Kia ora just needing advice with the msd start up? pros and cons please Nga mihi

Question submitted 30/10/20 @ 09:43pm
Industry: Funding & Finance
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    Kia Ora – are you talking about this programme? https://www.workandincome.govt.nz/products/a-z-benefits/self-employment-start-up-payment.html I have heard it is good, it is quite hard or rule based, ie they want to make sure you are eligible and they want to make sure there is a plan in place to do your startup, so from what I know you have to do the hard work in preparation before they will support under this programme, Andy

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    Hi there Andy!

    When you say hard yards, what do you mean? I have got my business plan and been in business a year. I have an accountant and my suppliers etc. Do you mean their process is thorough?

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    Hi Pepa – good to hear from you, sorry I was not that clear in my communication. Let me try again. What I was trying to say is that the programme for support requires applicants to be clear in their preparation, to have looked at the risks, the opportunities and to have presented a good business plan/business case that is itself then peer reviewed by an expert in the industry as to whether it is likely to succeed. So yes, the process from what I understand is quite thorough and challenging and can I think take some time – albeit this last point around timelines, I don’t actually have any data to prove that or not.

    I wish I had more ‘data points to help’ you work through how easy or hard this process for suppport from MSD is. I also don’t know whether they are prepared to support existing businesses that have already started – that might be an issue.

    Are you talking to an existing MSD case manager? Andy

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    Hi Andy.

    Thanks for your reply. To answer your question, no. I had looked into it months ago when heading into business but just to get in to a compulsory seminar took months. I just happened to come across this post and remembered. You are also correct in that, they probably dont help established businesses as I see it is a start up grant.

    Thank you for your time and lovely to meet you.

    Nga Mihi
    Pepa

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    Kia Ora – and to you Pepa! Andy

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