As we come to the end of a very challenging period and a year that none of us ever want to see again, we can now take a look forward with some optimism for our businesses in the landscape before us.
To assist, we thought it would be valuable to our clients to layout in “plain speak” what the finance and business landscape looks like going forward with all 3 levels of Government looking to increased private enterprise activity and expansion to kick start economic growth.
Although the past 12 months have seen very different experiences for companies depending upon their industry, it is extremely heartening to see a monumental jump in local tourism based activity Australia wide. As serial optimists, we can see substantially improving circumstances for so many industries including those who have remained buoyant through the last 12 months due to infrastructural or civil based activity.
In the paragraphs below we will look to address 2 key factors:-
Why we think we will see a significant bounce back.
What needs to be done to take advantage of these very significant opportunities.
The combination of the improving employment numbers, the significant government project spend and tax incentives as well as the desire of Australians to emerge from the COVID hibernation, bodes well for 2021 & beyond. In simple terms:-
In order for businesses to maximise their opportunities in 2021 and beyond, it will be an advantage to have a clear understanding of the present Finance landscape (in our area this means Equipment Finance)
What do we know?
So what should businesses do?
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