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Mike's Minute: It's not as bad in business as you think · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talks be follow
• 0:12
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  Speaker 2: A small myth busting exercise for you. The smalling things
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  Speaker 2: aren't as bad as you might think. Business sales I'm
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  Speaker 2: reading about those over the weekend are small and medium businesses.
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  Speaker 2: The business sales are up, and they're up quite a lot,
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  Speaker 2: twenty one percent. In fact, why would you buy a
• 0:30
  Speaker 2: business at a time like this? Eh? You know why?
• 0:33
  Speaker 2: Because life goes on and people have dreams, and those
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  Speaker 2: dreams don't get buffeted about by fiscal uncertainty. There were
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  Speaker 2: twenty seven thousand confidentiality agreement signed in the past year.
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  Speaker 2: That's a lot of agreements for an average of eight
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  Speaker 2: hundred thousand dollars. You can buy your dream. Values are up,
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  Speaker 2: listings are up, demand is up. Demand is up more
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  Speaker 2: than listing, so prices are holding and the returns multiple
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  Speaker 2: is up as well. So a lot of people are
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  Speaker 2: doing fine, Thank you very much. This is a nation,
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  Speaker 2: of course, built on small businesses. And all these numbers
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  Speaker 2: show is nothing's going to change it. Not a war,
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  Speaker 2: not petrol, not an election, not the weather. If you
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  Speaker 2: ran a pole and asked is it a good time
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  Speaker 2: to buy a business, Like they ask is it a
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  Speaker 2: good time to buy a major household item? You know
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  Speaker 2: what the answer, You know what the answer would be,
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  Speaker 2: and yet life goes on. Now for all the New
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  Speaker 2: Zealand first supporters about to text me and say, oh,
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  Speaker 2: it's all the Indians, save your twenty cents. It isn't
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  Speaker 2: another myth busted. Nine point seven percent are Indians, fifteen
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  Speaker 2: percent are Asians, So Chinese Koreans may be Filipinos, which
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  Speaker 2: leaves sixty seven percent identifying as European. So the idea
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  Speaker 2: that this is all about migrants buying jobs is not
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  Speaker 2: the tsunami you thought it might be. These stats, I
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  Speaker 2: think are a microcosm, or a small example of the
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  Speaker 2: disconnect between study surveys, polls, politics and news headlines and
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  Speaker 2: what's really going on. The rhythm of New Zealand. Life
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  Speaker 2: gets buffeted about buy issues of the day, the petrol price,
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  Speaker 2: the war, the spin you know who's spending here is?
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  Speaker 2: I mean, why wouldn't it? But if you believe the
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  Speaker 2: poles and the stats and the national conversation as driven
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  Speaker 2: by the headlines, you'd think we're at home huddled up
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  Speaker 2: in a corner, waiting for the end of the world,
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  Speaker 2: and yet we are not. We are buying businesses, planning
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  Speaker 2: the future, taking the risks, and God forbid, having a
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  Speaker 2: good time. What a shock.
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