Tolaga Evergreen Fund
We support Maori and indigenous service business owners, in starting and growing their own essential service business throughout
New Zealand
Why Tolaga?
Our focus is on supporting Maori and indigenous service business owners, in starting their own essential service businesses.
With the collaboration between Tolaga Bay Innovation and Edmund Hillary Fellow ‘Scott Miller’, we provide seed loans and business wrap around support.
When we say “service businesses”, think painters, landscapers, massage therapists. Businesses that have “durable” demand. Consumers of the services view the service as non-discretionary.
Not a luxury, but something the consumer needs for daily living. These types of service businesses have a higher success rate. Here’s a list of the service businesses we like.
Why service businesses? Most service businesses have inherent customer demand., which increases the odds of success. Show up on time, do good work, and odds are, you will be successful.
Do you own or want to start an Essential Service Based Business?
We like service businesses that are “essential”. Consumers of these services view the service as non-discretionary. Not a luxury, but something the consumer needs for daily living.
These types of service businesses have a higher success rate. Here’s a list of some of the service businesses we like to invest in.
Appliance Repair and Maintenance
Building Inspection Services
Carpet and Upholstery Cleaning Services
Drafting Services
Electrical Contractors and Other Wiring Installation Contractors
Exterminating and Pest Control Services
Flooring Contractors
Footwear and Leather Goods Repair
Foundation, Structure, and Building Exterior Contractors
Framing Contractors
Glass and Glazing Contractors
Janitorial Services
Landscaping Services
Linen and Uniform Supply
Locksmiths
Masonry Contractors
Oil and Gas Pipeline and Related Structures Construction
Building Finishing Contractors
Specialty Trade Contractors
Painters
Plumbing, Heating, and Air-Conditioning Contractors
Poured Concrete Foundation and Structure Contractors
Power and Communication Line and Related Structures Construction
Residential Remodelers
Reupholstery and Furniture Repair
Roofing Contractors
Security Systems Services
Septic Tank and Related Services
Services to Buildings and Dwellings
Siding Contractors
Site Preparation Contractors
Specialty Trade Contractors
Structural Steel and Precast Concrete Contractors
Tile and Terrazzo Contractors
Utility System Construction
Water and Sewer Line and Related Structures Construction
How it works
Evergreen Fund
Capital in the form of a 5% interest bearing loan.
All payments go back to the evergreen fund, to be loaned back out to other entrepreneurs.
The loan is used to purchase equipment and other tools of the trade.
A two day course on how to operate a successful service business.
We cover all the business basics: finance, sales, marketing, and customer service.
Entrepreneurs are connected with a bookkeeper to facilitate the production of monthly financial reports.
Training & Support
Mentoring
Our entrepreneurs meet quarterly with their Tolaga advisor.
The meeting agenda includes review of financial results, current challenges, and opportunities.
More frequent engagement can be arranged.
