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Many business owners do not register IP because they’re frightened of incurring expensive legal bills, or don’t know where else to turn, and as a result many hide an ever present foreboding anxiety because they’re worried someone will “steal” their idea before they actually protect it.
Leading Australian business strategist, commentator and author Kerwin Rae believes the ‘incubator’ craze gathering momentum in Australia could stem the flow of local talent leaving our shores. Meanwhile, the federal government is becoming increasingly aware that they must do something or we face economic collapse within our economy as SMEs make up such a huge portion of GDP. If SMEs fail, we fail.
An ageing population of business owners and a generational shift in business succession strategies is poised to bring unprecedented opportunities for major investments. This will be in the form of small to medium businesses for sale, as the baby boomer generation continues to reach retirement age and exit the business sector.