Coronavirus (COVID-19) continues to change the financial landscape, causing significant financial hardship to many small and medium-sized businesses across Australia and around the world.
AMP Capital senior economist Diana Mousina and certified financial planner and CEO of Navweath Financial Services, Craig Banning discuss how small and medium enterprises impacted by COVID-19 can best navigate the changing times.
Watch to find out what government financial support is available for eligible businesses, how small businesses can retain staff during this difficult time, and how to prepare for the new post-COVID-19 business landscape.
0:30 Actions Australian businesses can take right now to help them through this difficult time, including conducting an internal review of your product or service offerings and business costs.
1:22 Understanding the JobKeeper payment, the Federal Government wage subsidy scheme to help eligible employers retain staff.
2:16 Other forms of financial assistance and income support available to small business owners to help alleviate financial stress as a result of the coronavirus pandemic.
3:02 Five steps businesses can take to prepare for any challenges in a new post-COVID landscape, such as completing SWOT analysis, reviewing cash flow and available stimulus packages, and pivoting to changing customer needs.
4:31 Summary of the factors to consider when navigating the changing business landscape.
Original Author: Produced by AMP and published on 27/05/2020 Source