Business Planning and Oceania Business Opportunities

The Oceania countries are very popular tourist destinations for the general public from all over the world. These countries, comprising of the main two Australia and New Zealand and several small islands in the region make up for a decent amount of tourist contribution in monetary terms. Because these countries are very prosperous and fortunate, they usually have a very high wage rate for their human resource. This makes it virtually impossible for the industry to grow as the cost of production would go well beyond affordability. These countries hence rely on the Chinese and American products where economies of scale make the cost go significantly down and also allow the local business to import these goods on a decent cost. 

Starting a new business in this region can be very tricky as the business has to be much aligned with the local strengths and opportunities. There is little to no room for industry in Oceania and therefore opening a manufacturing plant is without a surprize a very terrible idea. The most profitable and prosperous businesses however in this region are the ones related with service sector and retail industry. Both these sectors are considered profitable for the local people as they are able to make a living and earn foreign reserve for the country. Tourism in particular remains a lucrative business for most people based in this region. Business planning experts from http://www.businessplanwriters.co.uk/business-plan-experts/ come particularly handy while planning a tourism business.

The employment generated by the service and retail sectors of the Oceania countries is also overwhelming. A large part of the local population either works in the tourism industry on various levels and in the retail sector. Service sector at large including transportation remains a highly relevant and viable employment source for the people of Oceania. It is ideal that people get employed in these sectors as they are best served with the true living spirit of these countries that is very hospitable, jolly, collective and friendly. The people affiliated with specialized service sectors are in much delight as they are able to make a lot of fortune for themselves. This majorly attributed to the economy of the region that is oriented to have high rates of return.

Doctors and teachers in these countries do not only get regarded as very important position holders in the society but also as very highly paid professionals. This comes as a no surprize because the education and health sector businesses are very profitable in the countries. The focus of the countries’ industries on quality is something that comes with particular emphasis and does not get put second to anything as far as the priorities are concerned. Unlike business planning consultants London where there is a focus on quantity, the local planners enable businesses to have their focus on quality more in order to attract customers. This is helpful in gaining trust from the local authorities as well as from the customers of the region. This may be of a huge advantage from the good will building point of view.