Looking Ahead: Preparing Small Business for the Future
What does the future hold for your
Preparing Small Business for the Future, provides you, a small business
owner in NSW, with insights into changes to look out for over the next 10 years
and how they might affect your business.
What changes might
affect your business?
This resource considers possible changes according to the
1. Access to finance and the
2. Demographic change
4. Engaging customers and other
5. The built environment
6. The policy environment
7. Utility costs
Making predictions is difficult but a look to the future can
be very valuable. In some themes discussed in this paper, there are trends
(e.g. the ageing population) and changes (e.g. planned infrastructure) that can
be predicted with some confidence.
For other themes, the future is highly uncertain. Regardless
of the level of certainty, the process of forecasting is a key step in identifying
risks and opportunities and the management of risks.
This snapshot accompanies the Looking Ahead: Preparing Small Business for the Future resource and provides a with a quick insight into likely changes over the next 10
years across several themes.