Election activity is ramping up. Promises are flying around, headlines are everywhere, and you might be wondering... does any of this actually affect my small business? Spoiler alert: yes, it can—and knowing how to read the signs could make all the difference to your bottom line.
What does it all mean? Election periods often create a cloud of uncertainty. Policies shift, funding changes, and confidence in the market can waver. Big business might have buffers—but small business owners like us? We feel those ripples, fast.
Depending on who gets elected, we could see changes in:
- Tax policies
- Wages and superannuation laws
- Small business grants or red tape reduction
- Industry-specific regulations
Even just the uncertainty can cause decision-making to slow down. Clients delay projects. Spending tightens. Momentum dips.
How it could impact business owners:
- Cashflow crunch: Delays in payments, contract renewals, or client confidence can slow income.
- Hiring hesitations: If you're unsure about wage laws or economic outlooks, you might delay growing your team.
- Pricing pressure: If cost of living or wage changes are on the cards, your margins could feel the squeeze.
- Missed opportunities: When you’re in survival mode, it’s easy to miss strategic chances to grow.
What you can do now:
- Stay informed — But not overwhelmed. Stick to reputable sources, and tune into business-specific publications (like ours).
- Revisit your SWOT Analysis. What strengths can you lean into? Where are you vulnerable? Use this time to assess, not stress. Check out our SWOT Analysis coaching session and worksheet here.
- Plan for multiple scenarios. Be ready to pivot with budget or staffing if needed. Contingency plans are your best friend.
- Watch for policy announcements. Especially around grants, superannuation, and tax changes that could impact you directly.
- Lean into community. Don’t try to figure this out solo. Share ideas, strategies, and questions inside the Business Growth Network.
Our take? The businesses that navigated COVID best weren’t necessarily the biggest—they were the ones who adapted the fastest. With AI, economic shifts, and global uncertainty in the mix, agility is your superpower. And that starts with staying across the changes and knowing when to act.
We’re here to help. At Crecera.com.au, we keep our finger on the pulse and turn complexity into clarity. The Business Growth Network exists to give you the tools, guidance, and community you need to stay agile, strategic, and supported—especially in times of change.
Want help navigating the next few months? Join us inside the Business Growth Network, or reach out for a discovery session today.
