Now is the time to invest in future growth, assets and workforces

Queensland businesses have an opportunity to recover form weak capital expenditure and profitability, investing in the future of their business without impacting cash-flow.

Mitsubishi Motors Australia State Fleet Manager Queensland Nathan Finch said as Queensland businesses worked towards their long-term recovery from the economic impacts of COVID, investment in the future of their businesses was essential to allow them to grow and diversify.

“For close to two years many businesses have been forced to focus on their day-to-day operations, keeping their doors open and complying with changing rules and consumer behavior,” Mr Finch said.

“Now is the time for businesses to be thinking of the future and investing in resources and assets which will help them get there.”

Mr Finch said Mitsubishi Motors Business Advantage afforded businesses the ability to invest in fleet assets to support their current and future business growth, without compromising short-term cash flow.

“Mitsubishi Business Advantage is the perfect solution for any business looking to secure the road ahead,” Mr Finch said.

"Even small businesses and sole traders can access national fleet pricing options, which means they can get on with running their business without the usual up-front cost of a fleet or company vehicle.

“It’s the ideal tool when businesses are ready to get on with their recovery and secures their capital assets for the long-term.”

Results from Chamber of Commerce and Industry Queensland (CCIQ’s) December quarter Pulse Report show prevailing weak profit levels, lower sales revenue and uncertainty continue to weigh down future business plans and capital expenditure with one in four businesses indicating decreased investment.

Queensland businesses recorded decreased capital expenditure across three quarters in 2021.

Close to one in two businesses recorded an increase in operating costs.

CCIQ Policy and Advocacy General Manager Amanda Rohan said businesses needed to invest in infrastructure, assets and resources to ensure their long-term resilience and to be diversified and competitive.

“We know however that can be challenging when cashflow is impacted through reduced consumer confidence and weak sales combined with impacts on the labour market and supply chains, which can mean cash needs to be re-directed,” Ms Rohan said.

“Capital expenditure is a key indicator for recovery efforts as business investments in plant and equipment is critical to scaling and growing businesses and jobs.

“Businesses are encouraged to consider opportunities which could help them access resources and assets for future growth, but still free up cash to run day-to-day.”

For details see Mitsubishi Motors.