A genuine compliment, go-to descriptor for politicians in crisis-mode or an escape comment when there is no solution at hand? Resilient is a description much-used this year. As many of our leaders constantly remind us, Australians and Australian businesses are apparently resilient to bush fires, floods and now pandemics.
But while the current pandemic and resulting economic environment is clearly pushing many businesses to their limits, it’s likely pushing just as many others to seek new opportunities – to look for what’s beyond. If your business is resilient and you’re looking for pathways forward we’ve summarised some recent announcements for you to consider possible opportunities for your business.
Potential Growth Sectors
The CSIRO recently released a report, “COVID-19: Recovery and Resilience” in which they outline the opportunities they see for key industries such as the manufacturing as well as the advantages that have been created by the pandemic. The document includes a table which lays out the trends and advantages identified by industry sector covering digital, health, food and agribusiness, health, manufacturing and mineral resources. Could be worth a read to see what this leading body sees as possible opportunities in your sector.
Minister for Energy and Emissions Reduction, Angus Taylor, recently released a Technology Investment Roadmap and Low Emissions Technology Statement which focus on opportunities in the energy sector. Whether you agree or disagree with the approach, if realised, it may represent potential business opportunities across a wide range of industries.
R&D into innovation and tech, construction required to build plants and premises, tech and engineering workshops to develop and manufacture componentry and systems and all the supporting businesses through the supply chains. It’s an interesting area which may be worth staying across.
The construction sector continues to be mentioned as a major driver for economic recovery and investing in civil works and other equipment is key for many business to winning profitable contracts and tenders.
NSW continues on its major infrastructure investment plans which are rolling on and out with seemingly every new ‘high vis’ press conference.
According to media reports, regional tourism is experiencing a boost with international travel off the agenda for Australians. Many hospitality and accommodation providers may need to upgrade their existing equipment and facilities to meet market demand.
Caravan and holiday parks may be in line for increased bookings due to the increased interest in purchasing caravans.
Resilient, Reliant, Resigned
Whether you identify as resilient and are battling your business through the crisis or you’re totally reliant on support measures or you’re more resigned to going with the flow and dealing with situations as they play out, there is a common reality across business. The reality is that businesses need strong financial supports through all economic conditions. Support that can be provided through a solid working relationship with your finance broker.
Those with more salt than pepper in their hair will remember the days when you if you needed finance, you just called your bank manager and it was sorted. Things have changed. The finance scene is more diverse with more options and opportunities and specialist skills are required to seek out the best offers. Skills provided by brokers such as Jade Equipment Finance.
How a Finance Broker Supports Your Business
If you’ve never used the services of a broker you will likely welcome the many benefits they offer over sourcing your own equipment finance.
In many respects, it is in the worst of times that the role of the broker is at its best. When the economy is thriving and business conditions are positive, sourcing finance can be a lot easier than when conditions are not so good. When lenders tighten up, business prospects are less optimistic but businesses still need finance to support growth, your finance broker is the person that may hold the key to achieving your requirements.
Jade Finance Equipment is a professional finance broker with extensive experience across many areas of equipment finance and many industry sectors.
Our experience and ongoing interest includes but is not limited to:-
- Construction and building equipment
- Transport, heavy vehicles, excavation and civil works equipment
- Plant and machinery for all sectors
- Manufacturing and engineering machinery and equipment
- Warehousing, logistics and materials handling equipment
- Medical, health and fitness equipment
- Energy and utilities industry equipment
Our services include:-
- Sourcing quotes from across our vast lending panel of both banks and non-bank lenders
- Access to a network of industry-only lenders that operate only through finance brokers
- Access to lenders that specialise in equipment finance
- Negotiate interest rates to the cheapest rates on behalf of clients
- Negotiate finance terms to best suit the individual requirements of our customers
- Assist with paperwork to expedite asset acquisition
- Structure finance to meet the client’s key objectives
If you’re seeking equipment finance options to support your business through growth and to strengthen your resilience or you just want a quick quote, give us a call for a discussion.
To discuss your equipment finance requirements, contact Jade Equipment Finance on 1300 000 003
DISCLAIMER: INFORMATION, DATA AND DETAILS OF GOODS, POLICIES AND PROGRAMS THAT IS PRESENTED IN THE ARTICLE IS INTENDED SOLELY FOR THE PROVISION OF GENERAL INFORMATION. UNDER NO CIRCUMSTANCE IS THIS INFORMATION INTENDED AS THE PROVISION OF FINANCIAL ADVICE FOR ANY INDIVIDUAL AND/OR FOR THE PURPOSE OF MAKING SPECIFIC INDIVIDUAL FINANCIAL DECISIONS. FOR ADVICE ON INDIVIDUAL CIRCUMSTANCES, READERS SHOULD REFER TO A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPT FOR ERRORS, INCORRECT DETAILS OR INCORRECT PRESENTATION OF DETAILS OF GOODS, PROGRAMS, SERVICES, ETC AS PRESENTED. THE INFORMATION HAS BEEN SOURCED IN GOOD FAITH AS GENERAL INTEREST AND INFORMATION FROM MANUFACTURER, SUPPLIER AND GOVERNMENT WEBSITES.