West Hampstead in the Snow
Meeting up with friends in West Hampstead has been great. This was after all, my home for almost 15 years.
It has been interesting to listen to their take on the business environment they now experience in the UK. Without exception, they complain about an increase in compliance costs and the levels of regulation. And they think it will only get worse.
Yet despite the complaints, they all appear to be doing well. I think it comes down partly to the size of the domestic market. Whatever the business pressures, working in a city of 10 million people, and a country of 60 million, provides opportunities that are simply not available in New Zealand.
This is reinforced by the fact that they do not talk about 'export'. I experience exactly the same conversations in the United States. The domestic market is so large, going global is not necessary for most enterprising businesses. How different from NZ. But then that is why I am here. To engage a NZ business in the global market.
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