OMNIBUSiness COVID-19 Summary Edition
What unprecedented times we're living in!
As soon as we think we're on top of coronavirus, things change and don't they change fast?
The effect of COVID-19 is having a massive financial impact on all of us in some way and I fear that the impact of the virus will have an even greater impact on everyone.
The threat is that small, medium and large businesses are facing challenges at levels that can’t even be imagined. These challenges are immense and there will be periods, as business owners, where we will be required to take action and it won’t be easy!
With businesses around the country closing for public safety reasons and supplies short across all industries, how does the now officially declared pandemic of COVID-19 affect business cash, cash flow forecasting and the ability to make a living through challenging business times?
The short answer is that it absolutely does. But, as I see it, there are 10 key areas where we must pay close attention now. Read more about those here.
Winston Churchill said never waste a good crisis!
Our profession is right at the crossroads of helping our clients, right now. In these challenging times, we are questioning the accepted reality because things are inevitably going wrong, rapid answers are needed and solutions may well be found outside the usual compass.
And we need to remember to pop our figurative oxygen masks on more often so we can support each other through the COVID-19 crisis.
In this edition of OMNIBUSiness, we take a moment to summarise the key COVID-19 initiatives as they currently stand. We will continue to communicate with all our clients as updates are announced and have individual discussions around practical implementation.
As always, please let us know if you'd like to discuss any of the topics we cover.
Regards,
Justin Flavel
Managing Director
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