Business inconveniences tend to jack up in January and 2017 is unlikely any year to be an excepted state of mind. We found out that southern businesses are set to have a two per cent increase in insolvencies in 2017. Read on to like why some experts expect a spike in ground level growths!
Key Takeaways:
- Business insolvencies tend to spike in January and 2017 is unlikely to be an exception. We found out that Australian businesses are set to experience a two per cent increase in insolvencies in 2017.
- The Christmas period is a double-edged sword: retailers and other consumer-facing businesses usually see a peak in sales over Christmas, which turns into a lull afterwards as people struggle with the post-holidays hangover.
- While February will mark the end of the holiday period, businesses will still be under pressure to perform in a difficult environment.
“Business insolvencies tend to spike in January and 2017 is unlikely to be an exception.”
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