The IT industry changes so fast that devices, personal computers, and laptops bought this year are already inferior to those that will hit the market half a year from now on. In Australia, high-speed broadband Internet will boost the country’s productivity with 1.7% by 2020, as shown in Australia’s Digital Future to 2050. The same source lets us know that by 2050, IT development will generate around 1 trillion dollars in revenue.
In 2015, 61.4% of the companies that wanted to buy equipment intended to purchase it from local providers. This was the result of an AFA research that can be found in Issue 04 of Equip. Throughout time, the situation has changed much since the number of businesses that want to re-equip is growing annually. In order to survive, a company has to get new technology.
As of 2016, there were more than 500.000 registered trucks in Australia, in lines with NTI’s Guide to the Trucking Industry 2016. The number will continue to grow, as by 2030 the freight task of Australia is set to double. The trucking industry, thus, is a vital component of Australia’s welfare and it certainly is reassuring to see that it is subjected to continuous growth.
Although non-bank lenders are more known in the mortgage sector, as it’s shown by the Third Party Lending Report for 2016, equipment brokers are beginning to be more sought, as well. People don’t seem to trust banks that much anymore, that is why brokers are gradually becoming more successful.
According to the Australian Bureau of Statistics, 2016 showed an unprecedented rise in the number of businesses. Thus, last year alone 21.000 businesses were added to those in the previous years, 2014-15. The surge is indeed great. When you take into consideration the plethora of companies scattered all across Australia, you can well imagine how many of them are or will be in need of equipment financing.
You can save a lot of money by purchasing used equipment such as bobcats, IT equipment, medical or manufacturing equipment, etc. But besides getting a great price for them, the best part is that the government will help you purchase them by offering loans.
If you’re starting up a business or looking to overhaul your business equipment, you’ll likely need some kind of equipment financing. There are so many options to choose from, it’s might feel too confusing, especially if you want to free up capital to finance operations or grow your business. Here is a great starting point, covering all the basics for selecting equipment finance that’s right for your business.
If you’re a startup or a business that’s been around for a while, you probably take something so vital to your operation it’s almost invisible until you think about it – your equipment. Whether you’re on the farm and sitting atop a combine harvester, or in a shop’s back office crunching numbers, you’re using some kind of equipment. But what are the advantages to leasing instead of buying? We’ll give you the top tips into leasing equipment for your business.
When you’re in business, you want to feel positive that you’re making all the right decisions. Every business wants to succeed and get every advantage they can. Businesses of all types, whether they’re in mining or retail, startup or veteran, usually don’t have enough capital to purchase all the equipment they need outright.
Setting up a business is daunting enough. There are so many decisions to make about structure, marketing, planning and so on and so forth. One crucial choice you have to make is about your equipment.