Getting started

It's a good idea to ask the hard questions at the start. Be clear about why you're going into business — having clear goals will help you stay motivated. Research the market to see if your idea is viable.

Consider things like:

  • is there enough demand to sustain your business in the long term?
  • who are your potential customers and how much are they likely to spend on your product or service?
  • who are your competitors and what can you offer that they don't?

If your idea still stacks up, you'll need to develop a business plan— an outline of your goals and how your business will operate.

Helpful tools and sites

Download the Guide to Launching a Succesful Business (PDF 196.0 KB)

Can you afford to set up a business?

Start-up costs can include things like rent, buying furniture and office equipment, and installing machinery and technology. Don't forget to factor in costs like marketing, website development, insurance premiums, and legal and accounting advice.

Work out how much money you'll need to survive until you start breaking even. If you need to borrow money, talk to a Kiwibank business banking specialist. They'll help you figure it all out, and they'll continue to work with you as your business grows.

Banking and accounting

To get going, you’ll need some bank accounts. We also recommend seeking advice from someone like an accountant — and you might want to consider using an accounting system to help keep you on track.

You might want to open:

You’ll also need a bookkeeping system and someone to help you keep your records:


If you’re self-employed:

  • you’ll need to sign up with a KiwiSaver provider directly.
  • and pay yourself a wage (so your income is subject to PAYE), you’ll be considered an employee and your contributions will be deducted from your gross salary or wage.

Find out more at

If you employ staff:

  • you’ll need to enrol them in KiwiSaver and make contributions on their behalf.

Find out more at

Tax, legislation and compliance

Whether your business is set up as a company, sole trader or a partnership, there are a number of legal and tax requirements you must comply with. This is a potentially complicated area — expert advice is well worth it.

Talk to your accountant about your obligations with Inland Revenue, Occupational Safety and Health, and Accident Compensation.

You may also need to protect your brand with copyright, or apply for resource consent for building developments.

Managing risk

It’s important to get the right insurance to protect your business — and yourself. Your bank or financiers should know what risks you’ve got covered — and sometimes they may insist on certain types of insurance, depending on what your business does. We can help you work through what you might need.

Find out more

Kiwi Wealth Limited is the Issuer and Manager of the Kiwi Wealth KiwiSaver Scheme (the Scheme) and is a related company of Kiwibank Limited. Kiwibank is a distributor but is not an issuer of the Scheme. The Product Disclosure Statement for the Scheme is available from Investments made in the Scheme do not represent bank deposits or other liabilities of Kiwibank and neither they nor any other person guarantees the repayment of members’ interests in the Scheme or the payment of any earnings or returns on investment in the Scheme. Investments in the Scheme are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances and loss of investment value.

Download the Product Disclosure Statement for the Kiwi Wealth KiwiSaver Scheme or pick up a copy from your local Kiwibank.

Download Kiwibank’s Disclosure Statement (PDF 4.2 MB) or pick up a copy at your local Kiwibank.

Important terms, conditions and exclusions are set out in the policy wording. Business Insurance is arranged by our insurance brokerage partner, Marsh Limited.