As you begin sorting through locations all around the globe to start your business expansion journey, it’s always good to consider what opportunities your ideal location can offer. Looking at key factors such as economic status, industrial growth rates, and potential investment opportunities can help you to narrow down your list of candidates.
Fortunately, Australia’s economy is thriving, industrial growth rates are ever-increasing, and there are great investment opportunities almost everywhere you look. With all of this in mind, it may be a good idea to move Australia to the top of your target destinations list. Australian society is very relaxed meaning that you can leave that hyper-professional persona at home. An egalitarian mindset is the basis for a lot of the ways individuals interact with each other regardless of whether they’re in social settings or business meetings.
This attitude is very welcoming, which is a big reason why the country is a hub for tourists from all over the world regardless of the season. Each year, around 10 million people come to visit and contribute to the 10 percent share of the nation’s overall GDP. The Australian workforce is thriving, with unemployment rates remaining at a healthy 4% as they have for years. Education systems in Australia allow students to focus on the skills that interest them in addition to common core requirements.
This system helps students reach fluency in the subjects they’re interested in, which helps increase employee retention rates as graduates find gratifying and fulfilling careers that fit their interests and abilities. The dominant industries in Australia include mining and services. These industries keep the economy strong making it easier for businesses looking to expand to feel comfortable in their new market. For investors, this means little risk when searching for another investment opportunity to add in your portfolio.
So, if you’re interested in entering a market filled with nothing but benefits, Australia might be your next destination. For more information, please download our Destination Guide: Australia below.