What interesting and challenging times we live in.Australian dollar at over $1.10 US – who would have thought!
Australians are saving at record levels and consumer spending is at record lows. Resources are booming but we are now being told that we have a ‘two speed economy – boom and gloom’. And today’s meeting of the Reserve Bank board is shaping up as the most closely watched in months, with the decision on whether to raise interest rates expected to be a close call.
Then of course, we have Queensland flood tax (call it a levy! Is it really going to Qld flood victims? Who’s auditing it?). What will the carbon tax mean to you and your business next year when it starts on July 1st? Whose story do YOU buy on that one? The reality is that nobody knows what the flow on will be!
What does all of this change & uncertainty mean to your business? What is it doing to your ongoing profitability? What is it doing to the value of your business? Are you relying on selling your business to fund your retirement? If so, when do you sell?
I am running my half day workshop on “7 Keys To Selling or Buying a Business” on Tuesday 9th August, and will be discussing these issues. For all the details and registration CLICK HERE.
Some things which are showing up in business appraisals are;
Retail is struggling big time
Manufacturing is struggling to compete with China and Asia (What will the additional burden of carbon tax do for them?)
Exporters are struggling with the high dollar
Tourism is suffering from the high dollar
Import and distribution are having a great time. Profits are up due to the high dollar!
SOME WIN AND SOME LOSE! WHERE WOULD YOU PUT YOUR MONEY?
All the best
“Helping business owners realise their dreams through buying and selling businesses!”.