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Well, this past week has been one of the busiest and difficult weeks I have ever experienced in my career. I’ve experienced many economic events, from the 87-stock market crash, 1992-93 recession, Asian financial crisis, the Russian bond crisis, Y2K. Tech Wreck, Sep 11, and the GFC, however, I’ve never seen widespread, indiscriminate closure of so many businesses. The effect of these closures has not yet filtered down to everyone, but we will all be affected and the worse is yet to come. The government stimulus is helpful, but it won’t be enough to save every business. You must take control of your business and be proactive in making decisions. I know many of you are very stressed about the situation you are in and we are here to help you… so how can we help?
Word of warning watch out for the debt trap. The loans from the bank, the ATO and even suppliers to your business are adding to your debt position. You must take action to cut your costs and spending, you will need to make significant sacrifices (yes, even personally) if you are to get through this and have a business worth running on the other side.
To find out more please read:
YOU MUST REGISTER TO PARTICIPATE IN THE JOB KEEPER SCHEME YOU CAN DO THIS CLICKING BELOW YOU WILL NEED YOUR ABN QUALIFY
Do you need quick legal advice in plain English? Have you been forced to close your business due to the measures enforced by the government and are uncertain as to what to do or what you can do? If so, Tyrone Dutt can help and is offering to provide you with a complimentary virtual consultation so that you don’t have to leave your home or business.
If we can help any further or you have any further questions, please don’t hesitate to contact us.