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Module 1: Exciting, energising, and terrifying all at once

Forming your idea and skills for success

Starting a new business is incredibly exciting. It can also be terrifying — one in four small businesses fail in the first three years. But with good information and planning, you’re much better placed to find your business niche.

This first step will help harness your energy and inspiration to develop a vision for your business. You’ll look at what motivates you and find out what skills you need to succeed.

Why turn your idea into a reality?

Why take the plunge into the unknown? For florist Kathryn Fleming, it was the desire to be her own boss. Kathryn knew she would struggle at the start, but find out how she’s made her business idea bloom.

The Flower Project

What will success look like to you?

How will you know when you’ve succeeded? What do you want to achieve through your business – improve the environment, make society a better place to be, help people have more fun, or make a whole lot more money? Where do you want your business to be in one year, five years, or more?

Write a list of your goals with these 6 tips to guide you.

Goal setting: 6 tips to set yourself up for success

What’s your idea in a nutshell?

Come up with an elevator pitch: a quick summary of your idea and business. Why does your business matter? How does it excite other people? You’ll add your snapshot to your business plan in module 4 of this programme and this will become your unique value proposition. You’ll refine and improve the value proposition as time goes on.

Develop your value proposition

How do you plan to ensure success?

Having a plan, or a set of things to do, is crucial for success. Doing the steps in the best order makes the process efficient. Think through each of these steps as we work through the Business Boot Up process.

Steps from idea to post-launch infographic

Do you have all the skills that you need?

Take an honest look at your strengths and weaknesses. You may love serving customers but hate filing GST returns. What skills do you need to brush up on or budget to delegate to others to make a go of your new business?

Do you have the skills to succeed

Resources

Business Start-up package

And when you're ready to get you're business off the ground talk to us about the ANZ Business Start-up package.

Business Start-up package

Free business start-up guide

Essential info to get you started in a handy guide.

Start-up guide

Any questions?

Call us

General business enquiries

Monday to Friday, 8am - 8pm
Saturday and Sunday, 8am - 6pm

Business specialists available

Monday to Friday, 8am - 6pm
Saturday, 9am - 5pm
Sunday, closed

0800 269 249

From overseas: +64 9 523 7220

Sectors we specialise in

Our business specialists are skilled in supporting businesses just like yours.

Contact a business specialist

Important information

The material is for information purposes only. You should seek professional advice relevant to your individual circumstances. While ANZ has taken care to ensure that this information is from reliable sources, it cannot warrant its accuracy, completeness or suitability for your intended use. To the extent permitted by law, ANZ does not accept any responsibility or liability arising from your use of this information. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 269 249, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see anz.co.nz/fapdisclosure.