Now that I have your attention, I want to tell you about a report that came out recently blaming the size of New Zealand businesses as a major cause of our economic problems.
That sounds reasonable. We’re a small country. We struggle to compete against international conglomerates. Then, we hear these government researchers say that our businesses are small because New Zealanders frequently build successful businesses – apparently we are rated as one of the most entrepreneurial countries in the world (second only to Thailand) – but our entrepreneurship only goes so far. Once the business reaches the size where it provides a comfortable lifestyle, known as the “BMW, bach and boat” syndrome, there is no drive to take that next step to see the business grow to a large scale, to become global.
So our problem is that our business owners and manager in New Zealand work to live, rather than live to work. Their desire for a balanced life, time to relax and spend with their families and friends, time to enjoy the spoils of their wealth, rather than being greedy for money, is what holds New Zealand back economically. You know, I think I’m comfortable with that.
Apparently, that’s our problem.