Here at First Choice Business Brokers we often get asked what impact certain world or market events will have on our business. At the moment, we are being asked what impact the Federal election will have on our sector. We agree with Michael Smith, who wrote in the Financial Review this week that small business is one of the few winners in this Federal election. Regardless of which side claims victory in the Lower House, it appears that the composition of the Senate will mean greater protection for farmers and small business. Both major parties support tax cuts for small business with turnover of less than $2 million.
Australia is a stable and supportive place to invest in business. Governments at all levels, over the years, have established a safe and fair marketplace with appropriate regulation, well balanced with freedom in trade and support for innovation and entrepreneurism. Successive governments have recognised the central role that small business plays in the Australian economy, and this sector is well supported with many government initiatives. Governments change in Australia following peaceful elections, with very little impact on short term markets. Australia is a politically stable environment in which to invest. We’ve also shown ourselves, in recent years, to be fairly sheltered from events in other parts of the world. In a city of nearly 5.2 million, consumers will continue to need food and services, and demand will continue on businesses that can provide what people need. In fact, with Melbourne’s population currently booming, and on track to exceed Sydney’s, one thing you can rely on is a steady stream of consumers, and a stronger demand for well-placed businesses. So, what’s holding you back? If you’re looking at buying a business, we’d love to help you on your journey.
Telephone First Choice Business Brokers on 9899-1888 for a confidential discussion.