Predictions this week of the mining industry’s decline in two years’ time has set off a bout of hand-wringing in economic and political circles.
But for start-ups, the end of the boom could be a blessing in disguise. As Harvard economist Edward Glaeser argued recently, Australia needs to start focusing on the stuff between our ears rather than the stuff in the ground.
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So which industries are set to thrive, rather than suffer, following the end of the boom? Today, we’ve picked out five sectors with the brightest prospects.
Elsewhere, the taxman is probably crunching your business’ numbers right now. Business advisor Brad Callaughan explains what you should be doing if you’re a cash-heavy operation.