Check it out on Itunes | Stitcher | Spotify
Listen in as I talk about the end of JobKeeper payments and what small business owners need to be aware of as they navigate the next 12 months—all these and more in this episode of Get to the Contest Small Business Podcast.
Here are some key takeaways from this episode.
Covid 19 brought many challenges and changes. The Federal Government offered a number of initiatives to help small businesses. These included:
Check out this PDF File: http://bit.ly/JobKeeperPDF
Impact of the Government Initiatives on Small Businesses
Once JobKeeper ends, what’s next?
What should you do?
Are there any opportunities through this pandemic?
Every Boom Bust has the impact of cleaning out industries. Those that were weak die off, leaving those that were left to thrive. Covid 19 will be like the GFC on Steroids.
There will be a lot of opportunity such as—there’s never a better time to sell 2nd hand equipment than now. Limits to supply from Overseas, Depreciation Policy changes and low interest rates are driving the demand. This is great – provided you aren’t also stuck sourcing a replacement asset.
With other businesses folding, this is also an opportunity for you to recruit a valuable team or workforce for your business.
Also, strategically purchasing struggling business for a nominal cost could add significant dollars to the bottom line. Clean up your own balance sheet if you can. Keeping your numbers up to date will make for an easy review of your finances and help you not miss out on business opportunities.
Feel free to email me at wjackson@foxgroup.com.au for questions and further inquiries.
Check it out on Itunes | Stitcher | Spotify
Listen in as I talk about the end of JobKeeper payments and what small business owners need to be aware of as they navigate the next 12 months—all these and more in this episode of Get to the Contest Small Business Podcast.
Here are some key takeaways from this episode.
Covid 19 brought many challenges and changes. The Federal Government offered a number of initiatives to help small businesses. These included:
Check out this PDF File: http://bit.ly/JobKeeperPDF
Impact of the Government Initiatives on Small Businesses
Once JobKeeper ends, what’s next?
What should you do?
Are there any opportunities through this pandemic?
Every Boom Bust has the impact of cleaning out industries. Those that were weak die off, leaving those that were left to thrive. Covid 19 will be like the GFC on Steroids.
There will be a lot of opportunity such as—there’s never a better time to sell 2nd hand equipment than now. Limits to supply from Overseas, Depreciation Policy changes and low interest rates are driving the demand. This is great – provided you aren’t also stuck sourcing a replacement asset.
With other businesses folding, this is also an opportunity for you to recruit a valuable team or workforce for your business.
Also, strategically purchasing struggling business for a nominal cost could add significant dollars to the bottom line. Clean up your own balance sheet if you can. Keeping your numbers up to date will make for an easy review of your finances and help you not miss out on business opportunities.
Feel free to email me at wjackson@foxgroup.com.au for questions and further inquiries.