Deloitte: Small Business Roadmap for Recovery & Beyond
As the backbone of the Australian economy, it is imperative that our small businesses not only adjust and recover, but are also set up for success in
the “new normal” future. Every decision made now, could impact a business’ ability to thrive in the future. This will require extraordinary
flexibility, coordination, and resilience during what may be a protracted period of recovery.
That’s why Deloitte have created this workbook, taking some of the complexity out of the situation and giving small business some of the tools needed to drive your business through recovery and beyond.
Australian Bureau of Statistics Data
5676.0.55.003 Business Indicators, Business Impacts of COVID-19, March 2020 (First Issue)
COVID-19 Business Impact Survey
Melbourne East Regional Economic Development Group (MEREDG) is a group of economic development professionals from the six council’s in Melbourne’s East. MEREDG works to strengthen the region’s economy of over 200,000 businesses, employs around 365,000 people and has a GRP of over $54b.
MEREDG would like to gain an understanding of how COVID-19 is impacting your business. The survey is mainly multiple choice and will take only a few minutes to complete. Your input will be used to inform local action and advocacy for assistance from other levels of government.
The Australian Business Economic Impact Survey (ABEIS)
The ABEIS is an initiative to respond to the rapid change experienced by businesses as a result of COVID-19 and the need for insights at a local geographic scale. The national economic landscape, state to state and region to region is diverse. The survey is specifically targeting insights around change in employment and economic impact at an industry scale.
Tourism needs the help to rebuild from scratch
Australian Chamber – Tourism welcomes the announcement by the Government to open access to loans of between $250,000 and $50 million under a new capital facility to be administered by Export Finance Australia.
“This facility for Australian exporters will save some assets vital to restarting Australian tourism when the time is right,” Australian Chamber – Tourism Executive Chair John Hart said.
Coronavirus Update: Industry Fast Facts
IBISWorld presents a collection of fast facts that outline how the spread of COVID-19 (coronavirus) is impacting sectors across the countries where IBISWorld operates, including Australia, Canada, Germany, New Zealand, the UK and the US.
COVID-19 Manufacturer Response
The Advanced Manufacturing Growth Centre (AMGC) has launched a portal for Australian manufacturing, component suppliers and skilled design, engineering and manufacturing experts to register their interest and core competencies in support of the national response to COVID-19.
An accountant’s advice on how you can protect your small business from coronavirus
Prime Minister Scott Morrison has warned Australians to prepare for a coronavirus “pandemic” as the government implements its emergency response plan.
Small businesses also need to have a plan to deal with the fallout from the virus which includes a drop in customer and sales numbers, disruption to supply chains and, ultimately, cash flow shortages.
With that in mind, here are 10 tips to manage the risks of the virus to your business.
What Small Businesses Can Do Now
Kate Carnell from the Australian Small Business and Family Enterprise Ombudsman talks about some of the things small businesses can do now to help their business stay afloat during this difficult time.
Coronavirus Information & Support for Business
Find financial assistance, eligibility and timing for the new government support for Australian businesses.
Business Victoria: Coronavirus business support
Advice, updates and support to help your workplace plan and respond to coronavirus COVID-19 including business restrictions, recovery plans and updates on available economic stimulus packages.
Businesses can now call a Business Victoria hotline on 13 22 15 for the latest information on the COVID-19 response, how this affects businesses, how to keep their workplace safe and advice on how to plan for dealing with the current situation and anticipate likely developments. The hotline can also provide information about support services and what financial assistance might be available.
Economic Survival Package Fact Sheet
The Victorian Government has established an economic survival package to support Victorian businesses and workers through the devastating impacts of the COVID-19 pandemic.
Managing the workplace in the face of outbreak
The spread of the novel coronavirus (COVID-19) has been the dominating news topic of 2020 so far. Australian health officials maintain that, at this point, the risk of contracting COVID-19 remains relatively low in all parts of Australia. However given the rate of transmission of COVID-19, the impact on Australian businesses is changing daily. It is therefore important for employers to be prepared to respond as COVID-19 continues to develop both in Australia and globally.
Small Business Mentoring
The Small Business Mentoring Service offers low-cost sessions with a diverse range of mentors that can help you to navigate difficult business decisions, prepare business continuity plans, review your business strategy or revise your business plans. Or a free 45-minute session with an experienced business adviser is available via the Small Business Bus.
Support for businesses facing retrenchment
Business conditions or unique circumstances may affect businesses and employers might respond with restructure or closure, including redundancy and retrenchments.
If you are an employer facing a retrenchment process, Jobs Victoria can help you with information and referral. Visit the Jobs Victoria website to find information to help you understand retrenchment, the options available to you and your staff, and contacts for additional support.
Victorian Chamber of Commerce & Industry
The outbreak of COVID-19 (coronavirus) is causing economic disruption in many sectors including tourism and hospitality, education, property, resources, and international supply chains. If your business is being affected by coronavirus (COVID-19) there are resources that can help. Please visit the VCCI website for information specifically relating to Victorian businesss.
Find support if your small business has been impacted by the international outbreak of novel coronavirus (COVID-19).
Please download the free Employer Resource Guide. This comprehensive document contains essential information about COVID-19, workplace relations and work health and safety (WHS) matters.
Business SA Members can also call the Business Advice Hotline on 8300 0000 for specific advice.
Financial support to hire apprentices
Additional support is now available for small business through our Skills for Business package to help you train and maintain a skilled workforce
Small Business Development Corporation
To help you manage business disruption associated with coronavirus (COVID-19), the WA Small Business Development Corporation have put together a range of support information focused on the needs of small business owners. This includes:
- government and financial support packages
- restrictions on business activities and social gatherings
- how to prepare your business
- employer obligations
- support and advisory services
- free online webinars
- free online learning portal
Get all the latest information and advice for business and industry regarding COVID-19 coronavirus in WA.
NBN Co has today announced that it will offer retail service providers (RSPs) free access to additional capacity for at least three months to help them support Australian residential and business customer. The additional capacity will apply to all fixed line, fixed wireless and satellite nbn technologies.
Australian Banking Association (ABA)
The Australian Banking Association (ABA) is working with banks to implement a small business relief package.
The Small Business Relief package will allow for the deferral of principal and interest repayments for loans to small businesses in all sectors impacted by the COVID-19 pandemic.
As WA’s largest coworking and startup incubator, Spacecubed have launched #AdaptDontStop, a project to support startup founders and business owners who are facing similar challenges and are struggling to pivot their existing business strategy in order to survive during this time of uncertainty.
We believe it takes a village to build a sustainable innovation and startup ecosystem, and now more than ever we must come together. We are reaching out to the community to seek mentors who are willing to work with a small business across 4 weeks to assist with this challenge (one hour per week), and businesses that could use a helping hand.