To be expected with no "stimulus package" this time around. Yes, it looks as though people did spend it last year.
Trouble is, it was NOT spent on sustainable economic growth! How many have suffered the annoyance of call centres phoning us and asking about our "insulation"?
This is short term economic activity. Mr Rudd and his friends would have been better to offer TARGETED tax relief to businesses investing in genuine growth and employment projects. This would have created sustainable economic activity that would perpetuate itself into years ahead. The initial impact on the retail sector would have been less evident but in reality, shouldn't the growth at retail be the effect of growth in sound industrial and economic infrastructure (more jobs, higher pay being the result, therefore stimulating retail spending) instead of a “quick fix” that would expire leaving us saddled with interminable debt?
Instead we have the legacy of higher debt that we will be paying off for generations to come through higher interest rates and YES, HIGHER TAXES!
So what do you do as a small to medium business owner? There are a few alternatives but the precursor to them all is PLANNING.
At Harmonic Business Design, we can assist you with a high value add component (I won't work with you unless it can add real sustainable value to YOUR business).
Our services include:
- Assessment of current situation and planning the way forward (you say "I already know that" but I'll bet you really don't)
- Selling your business either locally or overseas. Overseas sales of strong sound businesses will generally result in a significant selling price premium compared to the local market
- Implementing the systems and structures that make YOUR business strong and sound to add value and increase cash flow
Cheers and happy New Year
Roger
