The Road To Recovery Starts Here
The global COVID-19 (coronavirus) pandemic has caused massive disruptions for many small to medium privately owned businesses, many of which are run by families.
With so much uncertainty and ever-changing laws, rules and regulations, planning the future of your business can seem overwhelming.
However, to ensure a long and successful future, now is the time to turn your efforts from reacting and surviving to growing and thriving.
For small business owners who have been hit hard by imposed Government regulations, lockdowns and temporary business closures, the road to recovery may seem tough, but with the right guidance you could see yourself stepping into a new phase with big goals and more confidence.
Here are just a few aspects of your business that the team at Carter Connell can assist with on the road to recovery.
Cashflow analysis
In order to recover from financial loss, managing your cashflow is essential to meet your long-term goals. We work closely with you to analyse your cashflow before and during your period of business loss and develop an extensive budget to ensure a favourable future financial position.
Understanding your level of liquidity and cashflow priorities, the team at Carter Connell can help you to plan for strong business recovery.
Assistance packages
With new changes recently announced to the Federal Government’s JobKeeper payments for businesses, it’s important that business owners work closely with experienced business advisory and accounting experts to ensure they understand all obligations and restrictions.
The extension of JobKeeper payments, rate cuts and changes to eligibility mean that some businesses will no longer be able to receive payments if they cannot demonstrate their business is still in financial distress due to the pandemic.
To ensure you understand your eligibility and requirements under these new changes, speak to the team at Carter Connell.
Understand your risk and value drivers
To help improve your business performance and personal financial position, take our short Risk and Value Driver Assessment (RAVDA).
This simple online questionnaire helps to uncover ways to improve profitability and cashflow, de-risk your business and grow its value.
After you have taken the survey, we would be pleased to offer you a 1-hour complimentary meeting to review your responses and set a course for growth. To take the survey, complete the contact form below we will be in touch.
At Carter Connell, we understand the complexities of recovery from lost business and the impact these losses have not only on business owners, but on their families and staff.
Along with our specialist Family Office team of trusted advisers, we’re able to provide businesses with strategic and personalised solutions to ensure they hit the ground running.
To start your road to recovery, contact the team at Carter Connell today.
Disclaimer: this information is of a general nature and should not be viewed as representing financial advice. Users of this information are encouraged to seek further advice if they are unclear as to the meaning of anything contained in this article. Carter Connell accepts no responsibility for any loss suffered as a result of any party using or relying on this article.