What can businesses do now if they're struggling without JobKeeper?
With JobKeeper and other COVID support measures ending, I recently read a quote from Kirsten Farmer (partner at law firm Mills Oakley) that says, "Regrettably, there's going to be an inevitable loss of jobs and business closures." (https://www.abc.net.au/news/2021-04-09/jobkeeper-gone-what-now-for-smes-/100055776)
It got me thinking: How can struggling businesses avoid and/or manage this period?
Is your business affected, and how are you managing?
I agree with the author of that article. I think it's super important to speak to experts as soon as possible - preferably when you're not in "survival" mode but it is what it is. If you're at that point of struggling.. you have to speak to your accountant, a business consultant or a liquidator.
There are options available but it's not necessarily easiest to see when you're down in the dumps.
That's also why SavvySME was built.. for you to be able to seek out the peer and expert advice in challenging times. Not to turn this into a sales pitch.. but SavvySME can help connect you with the experts you need. Submit a job here: www.savvysme.com.au/service. We'll introduce you to suitable experts.
Or if you're not at that point where you feel ready to speak to an expert.. share your experience and challenges in the community and hear from your peers in the community. You can do so anonymously if you're not comfortable sharing in a public forum. (www.savvysme.com.au/question)
Would be keen to hear from any businesses struggling at the moment and what you're doing to get through this period.
What are your thoughts @Amanda Hoffmann - Certified Bookkeeper, BAS Agent @Maya Zack @Kirsty Fox ?