Since the initial stages of the COVID-19, when coronavirus first emerged in Australia, Prime Minister Scott Morrison has regularly referred to the metaphorical ‘bridge’ that we were, as a nation, crossing. As the curve continues to flatten and we move further along that bridge, more and more individuals and businesses are looking to the other side and wondering – what’s there? What will our lives look like, how will our business operate, how much will be the same and back to ‘normal’ and what will be changed forever?
While we are daily reminded by every leader and health expert that ‘we still have a long way to go’, at Jade, we dare to look beyond today and inspire our customers to consider the opportunities that exist and to start planning and putting their own measures in place now to stay ahead of the recovery curve.
Here are some of our thought-provokers for you to consider:-
- Interest rates are at all-time lows and look set to stay that way for a while. Now could be the time to take advantage of these with investment in assets.
- Oil prices have slumped and the Australian Government is investing $94m in securing oil reserves to ensure Australians enjoy lower prices at the pump for a while. If fuel is a major cost in your business, having this alleviating may free up cash flow for investment.
- State Governments in all jurisdictions have launched significant support programs for business. Most of these have included a waiver, refund or deferral of payroll tax amongst other measures. This may mean a reduction in outgoings for your business, freeing up funds for investment in new opportunities.
- Changes in the way people purchase changed significantly during the peak of the crisis with a focus on online and home delivery services. These trends may continue for some time as we are warned not to be complacent and to be prepared for a ‘second wave’. Some people will stay home more and this could be an opportunity to expand your business delivery options, perhaps with the purchase of your own delivery truck.
- The way Australians enjoy their holidays is likely to be changed for some time with international travel low on the list of restrictions to be lifted. This represents opportunities for businesses in domestic holiday destinations to finally see some business flow through. To take full advantage, you may need to invest in business equipment of some type to cope. We provide finance for all types of equipment including computers, IT, software and other items.
- Sovereignty and self-reliance will become buzz words in coming times as calls for Australia to become less reliant on overseas imports and strengthen its supply chains become louder. Jade is keen to support manufacturers wishing to expand their operations with finance for investment in equipment. We will be staying across developments in this area.
- Construction projects, especially transport and infrastructure and bringing forward maintenance works by governments have already been flagged as key levers for the recovery process. Businesses operating in these sectors will hopefully see opportunities to take advantage of.
- From all the signage appearing in public areas and in businesses advising of guidelines in regard to COVID-19 best practice, it’s clear that the print, sign and graphics industry has been busy during the coronavirus crisis. If print businesses require purchase of new equipment, please speak with us re finance.
If these ideas have sparked your interest in investing in assets for your business, we’re ready to assist you in sourcing cost-effective finance.
To discuss your business finance requirements, contact us on 1300 000 003 to speak with a Jade Finance consultant.
DISCLAIMER:THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES