No matter how bad the situation, there will always be positives in any disaster. So, where are the positives in the current Coronavirus situation? How can this benefit your individual business?
It seems too obvious, but think laterally and carefully consider your options.
Evaluate where you are now.
Plan for where you want to be in 1, 3 & 5 years.
Don't be timid, avoid procrastination. Make the time to explore what financial or Tax-break assistance is currently on offer from our Federal and State Governments. Consider how this can help you to upgrade your Plant and Equipment sooner rather than "maybe later". Take advantage of Government assistance packages so as to strategically position your business for the inevitable recovery.
Accelerated depreciation and tax breaks could considerably shorten the payback period for new Concrete Batching and Reclaiming plant and equipment, thereby helping improve efficiency and profitability.
To summarise:
Establish what you would like to install or upgrade, to improve your operating efficiency.
Act whilst the Assistance Packages are still on offer.
Contact me if you would like to have a chat about this.
Happy researching!
24/03/2020