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24.01.2022 What can and can't Victorians do moving forward? This marks a further boost for business recovery as many owners have been screaming to allow increased customer numbers at their venues. The following now applies:... - Victorians will be able to host up to 15 visitors inside their home per day - up from two. - Outdoor gatherings in public spaces increase to 50 - up from 10. - Capacity at cafes, restaurants, pubs and bars - will increase to 300, subject to density requirements. QR code record keeping will also be mandatory. - Smaller hospitality venues will follow a density limit of one person per two square metres with a maximum of 50 customers. - While the cap for larger venues will increase to 150, with one person per four square metres. - Weddings, funerals and religious ceremonies will increase to 150, however, those held at a private residence will be capped at 15. - Higher education will also return to on-campus learning for summer studies, subject to a COVID-safe plan. - Cinemas, galleries and museums will be able to host up to 150 people indoors. - Gym capacity will increase to a maximum of 150 people, in groups of 20, and one person per four square metres. - Community clubs, contact and non-contact sports can begin for adults as well as kids 150 people indoors with a group size of up to 20 and 500 outdoors with groups of up to 50. - Large sporting venues will also be allowed to operate at 25 per cent capacity. - Indoor pools will be capped at 150, and outdoor pools at 300. - Gaming machines will also increase to 150 people, with every second machine turned off - Accommodation providers will also follow the same rules as homes, so residents can travel with up to 15 other people including dependants. If you have any questions or opinions about the latest restrictions, please share them below. #stimulus #covid19 #smallbusiness #smallbusinesssupport #businessstrategy #economicrecovery

24.01.2022 The weekend is a great time to review and set new goals. Sometimes smaller goals in shorter timeframes build momentum because they feel attainable and less overwhelming. Reflect on what's working right now and what needs to work better?... How can you ramp up what's working and tweak what needs improving? What are some goals that you'd love to hit in the next 30 days? #stimulus #covid19 #smallbusiness #smallbusinesssupport #businessstrategy #economicrecovery

23.01.2022 REVIEW THE QUARTER As the Sep quarter draws to close, it’s a great opportunity to revisit all existing obligations, expenses as well as analysing cash-flow and budgets for the Dec quarter. Call any permanent creditors and vendors to discuss options for a new deal or terms.... Are there expenses that can be eliminated or reduced altogether? Every adjustment adds up, especially if you multiply it into the future. The phone calls, analysis and conversations you don’t have cost money, so be prudent in assessing your financials. Even accessing more funds, refinancing or otherwise can be a confidence play for extra security. If you have any questions, please reach out. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

23.01.2022 Are you taking fast action? One of the best strategies to combat economic recovery is rapid implementation. If you see a potential challenge deal with it quickly!... For example, picking up the phone to a creditor or vendor and explaining the situation if you need some flexibility. Start negotiating early on any areas you might need to address so you can send some goodwill in advance, showing the other party your intention is to deliver. Make a list of anything that could be a short-term issue and get onto before it's a problem and you'll fair so much better. Do you agree? #stimulus #covid19 #smallbusiness #smallbusinesssupport #businessstrategy #economicrecovery

22.01.2022 Victoria has a controversial road map out of stage 4 lockdown. Many business owners will be forced into further hardship for many more weeks and even months. Here are the key points from step one kicking in from the 14th of September:... Note: The first step only applies to Metro Melbourne Curfew in place from 9pm to 5am Stay within 5km of your home except for permitted reasons such as work or education if these can not be done at home Exercise or recreation: 2 people or a household can meet outdoors for two hours maximum Visitors to the home: 1 nominated visitor if living alone/single parent (all children under 18) Childcare and school are closed except for permitted children Shopping for essentials, 1 person per household, once a day Restaurants and cafes open for takeaway and delivery only Here’s a link to further plans beyond step 1: https://www.vic.gov.au/restrictions-roadmap-regional-victor If we can assist in accessing any economic support, please reach out. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

22.01.2022 The Australia Institute ran a poll on September 10th-11th on government stimulus spending. Here are the key findings: * Income support for people looking for work was the single most popular priority, chosen by 30% of Australians.... * Spending on infrastructure and government services like health and education was the second most popular priority, chosen by 26% of Australians. * Bringing forward income tax cuts was third, chosen by 20% of Australians. * Decreasing the deficit was least popular, chosen by 12% of Australians. Naturally, there’ll be many announcements and initiatives taking place over the next little while to assist Australians further and into recovery. Please reach out if your business needs to review stimulus support options, we’d love to be of service. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

22.01.2022 CSIRO has highlighted 6 industries for job creation & investment opportunities. Science and technology have been guiding Australia's health and emergency response to COVID-19. CSIRO Chief Executive Dr Larry Marshall said they can drive our economic response and recovery from this pandemic too.... The report highlights opportunities for the following sectors: - Agriculture and food - Energy - Health - Mineral resources - Manufacturing - Digital It’s a great read if you’re seeking potential opportunities moving forward. You can read the full report here: https://bit.ly/3hBnE1D #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

21.01.2022 As of today, (28th of Sep), changes to JobKeeper & JobSeeker take effect. There is now a two-tiered system based on pre-COVID hours. This includes $1200 a fortnight for workers on 20+ hours for those businesses who are eligible. ... Then $750 a fortnight for workers on fewer than 20 hours. The JobSeeker supplement reduces to $250. Recipients are also able to earn up to $300 a fortnight and must look for up to 8 jobs a month and accept any offer of suitable work. These reduced payments will naturally have an immediate impact on businesses relying on the extra $300 a fortnight. Ensure all financials are up to date to reset your budget and make informed decisions. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

20.01.2022 Is your business visible? Staying front of mind is one of the most important elements to become the "go-to" option over a competitor. What strategies are you using to remind the clients, prospects and the marketplace that you exist?... Do you have a web and social media presence? Or an offline presence that's visible if you have a physical location. Imagine the difference it will make to your sales by simply being on people's radar more frequently. Sometimes just reminding them you're there is enough for them to make a purchase. Without the reminder, the idea to take up that product or service may have never crossed their mind at the moment. Create a strategy to become more visible and you'll have more opportunities to generate sales. #smallbusiness #smallbusinesssupport #businesstrategy

20.01.2022 VICTORIAN BUSINESS SUPPORT RESOURCES Hopefully, with the case numbers we are seeing metro Victorian businesses will be able to re-open on schedule according to the roadmap (and fingers crossed maybe even earlier). There are online resources to explore all statewide support programs that you can review for eligibility.... The Business Support Package provides additional support to help businesses and workers through to the other side of the coronavirus (COVID-19) pandemic. Here is a link to this resource: https://www.business.vic.gov.au///business-support-package If you need assistance just check-in. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

20.01.2022 How often does your business review stimulus options? In most cases, we find there are still many more opportunities on the table, especially as new developments, eligibility criteria and initiatives roll out. It’s prudent to keep your financials up to date and consistently explore what else is available.... At Enrich, we combine extensive private and public sector experience and connections to unlock all possibilities. Remember to investigate domestic schemes as well that support your household finances. If you’re not 100% sure that you’ve tapped into everything available, reach out for a discovery call. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

19.01.2022 Turning hardships into assets... As states close in on 12 months since the first round of restrictions and lockdown took place, several testing challenges have taken place. Almost a year after, reflecting on some of these changes, what lessons/pivots have turned into assets?... (For example, new ways of operating, opportunities, shifts for the future, preparation and so on). In hindsight, sometimes setbacks can end up being great teachers. So wherever you can look for the gift in the experience. #covid19 #lockdown #restrictions #victoria

19.01.2022 Snap three-day lockdown in Brisbane Greater Brisbane has gone into a 3-day lockdown since 5pm yesterday. This development follows the detection of 4 new community transmitted cases of the UK strain of the coronavirus.... Here are the restrictions: - Masks are mandatory. - Schools are closed except for the children of essential workers. - People in Greater Brisbane cannot leave the region unless exempt. - Residents are allowed to undertake essential work, buy essential supplies, look after vulnerable people and exercise with members of their household or one other person. - People at home can have a maximum of 2 visitors. - Places of worship, such as churches, are closed. - Weddings and funerals can go ahead - with 10 and 20 people respectively. - Nightclubs, pubs, museums, massage parlours, beauty salons, gyms, cinemas, theatres and amusement parks will be closed. - Restaurants and cafes can serve takeaway only. - In public outdoor spaces, only household members plus one other person can meet. - Sporting events can continue without crowds, community sport is cancelled. - Playing tennis or golf, swimming at a public pool and going to an exercise class is not. Hopefully, it's short and sharp for the Brisbane community! #covid19 #lockdown #restrictions #brisbane

18.01.2022 $100M PACKAGE TO REBUILD REGIONAL AREAS In line with the looming Federal Budget next week, this is targeted at rebuilding regions hit drought, bushfires & COVID-19. Funding will be co-ordinated with councils and state governments focusing on local initiatives that include infrastructure projects and tourism upgrades.... Other expected budget items include: - Fast-tracked tax cuts, - Cash incentives for businesses to hire unemployed workers, - An infrastructure funding boost. Make sure you’re across this one, as there’ll be many opportunities for informed business owners to capitalise on. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

18.01.2022 Don’t forget to continually review all your existing financial obligations with creditors and vendors. There’s never been a better time to broker new terms. Save money on on-going commitments, long-term commitments can quickly add up and it’s all profit.... Small adjustments multiplied by 12 months or more end up being significant. Furthermore, there is an opportunity cost by not asking or reviewing your options. If you believe it’s possible to access more funds, negotiate new terms and layer more financial security to your business and want some help unlocking it all Reach out for support. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

18.01.2022 Have you explored opportunities to establish a safety net for your business? Navigating downturn is extremely stressful, especially without cash reserves. Temporary changes to insolvency laws don’t change the pressure of trading from this unfortunate position.... There are additional avenues to access capital beyond the traditional options. Some of our clients have accessed capital purely for peace of mind (without the intention to use the funds). This buffer creates the headspace and security to make decisions and keep their team in a positive frame of mind. Whilst this isn’t possible for everyone, it may make a big psychological difference in some cases. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

18.01.2022 Do you agree with Victoria's budget? Job creation is at the forefront of many announcements. As expected, to stimulate recovery, spending will surge Victoria into significantly deeper debt.... There's promising news for business owners across several sectors and businesses that hire new staff will be able to pay less in payroll taxes, and the threshold for paying payroll tax has increased. Here's where you get all the details: https://www.budget.vic.gov.au/ Let us know your thoughts below. #stimulus #covid19 #smallbusiness #smallbusinesssupport #economicrecovery #budget #Victoria

18.01.2022 Last week we shared a hotlist for business owners that need or want additional economic support Given several Victorian businesses will be forced to remain closed or restricted for several weeks and even months We thought it was appropriate to share it again:... #1 Set "Google Alerts" for grants, Jobkeeper and Jobseeker news so you can be one of the first to act on new opportunities. #2 Renegotiate terms with existing creditors and vendors (business & personal). #3 Track month on month revenue against the previous year, a downturn can change your eligibility. #4 Explore instant asset write-offs of up to $150,000 until December 31st if you’re in a position to do so. #5 Consider unsecured credit initiatives as backup funding (just in case) as many carry no repayments for 6 months. #6 Seek counsel with experts to make sure you’ve exhausted all existing stimulus vehicles. #7 Regularly check the local government's website, watch press conferences to access the latest information on-demand. Here’s a link for VIC: https://www.business.vic.gov.au/suppo/grants-and-assistance Reach out if you want a discovery call to navigate all the above. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

16.01.2022 Many Victorians are looking for some positives on the horizon! Here’s a great state-specific resource: Link: https://djpr.vic.gov.au//responding-to-coronavirus-covid-19... You can view all endeavours in the pipeline such as: - Industry-specific advice - Existing support for business and industry - Restrictions & roadmaps - Funding announcements - Other programs - Media releases Sometimes looking forward beyond the present happenings can help. If you want a shortcut navigating the relevant information, reach out for a free discovery call. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

15.01.2022 What has changed in your business over 2020? Has COVID19 created any new systems, products, services or ways of operating that will help the business moving forward? We've heard incredible stories of innovation and finding new pathways to trade through harsh restrictions.... Your story or ideas could be the spark someone else needed to hear to make some radical shifts. If you have any strategy or changes you'd like to share, please fire away. #stimulus #covid19 #smallbusiness #smallbusinesssupport #businessstrategy #economicrecovery

14.01.2022 $110 BILLION This is the projected economic fallout for Central Melbourne from COVID-19 including $23 billion in 2020 alone. It also is likely to come with some 79,000 fewer jobs.... The recovery is expected to be slow and take 5 years with retail, accommodation, tourism, hospitality and education the hardest hit. Armed with this information it’s important to be proactive if you predict future financial pain or downturn. Reach out if you want to chat about any additional stimulus options available to you at the moment. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

14.01.2022 Could rising mortgage debt become a problem? Sky-rocketing house prices and cheap access to cash may present future challenges. Although interest rates aren't likely to be impacted any time soon when the cost of borrowing increases it creates extra money households may continually have to find on the climb up.... This will leave lower and fixed-income households locked into repaying borrowings much longer than anticipated based on the current day's rates. If there is a correction in the property market or buyers overpay, it'll take a while to claw back the equity. What are your thoughts on the two events simultaneously taking place (increasing property prices and low-interest rates)? Is there going to be issues down the road? #debt #mortgages #economy #property #lending

13.01.2022 At Enrich, our public and private sector experience coupled with our network can give your business a significant edge when it comes to accessing the economic support you need to navigate the impacts of COVID-19. It’s essential to tap into any opportunities that have been overlooked, missed or previously unavailable because the residual challenges will start to surface in months to come. Several schemes are introduced on short notice with eligibility goals posts moved. ... We can identify new initiative for you on-demand. Early applications generally give you an advantage and result in faster approval. If you’re not sure what’s still available and need extra financial support, reach out for a free discovery call. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

13.01.2022 More than 1/3 Aussie businesses will struggle to meet financial commitments over the next three months. With the ABS reporting that 35% find themselves in this category. There’s also been a reduction in businesses entering voluntary administration presumably due to the temporary measures in place.... This means that many businesses are barely holding on with the impact is likely to surface down the track. It’s important to look at trends, data and stay abreast of all the new initiatives. Create Google Alerts for key information so you are equipped to make better decisions. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

10.01.2022 Job Keeper is over! What impact does this have on your business? Hopefully, you've been proactive in recent months preparing for the end of the program.... Now is a great time to review all your financial obligations, business strategies and see what opportunities exist. For example, negotiating new terms with vendors to keep cashflow positive, creating a follow-up system for all debtors, consider taking larger payments upfront to cover costs and explore which lending institutions might have a viable offer (if you need access to capital). Think of ways to attract new clients (marketing strategies, partnerships, promotions, referrals), increase the average client spend (add more value, packages, up-sells) or increase the client purchase frequency (better communications systems, subscription or re-order models etc). Now is a great time to seek help from other business owners or mentors on how to prosper moving forward, check in if you need support. #jobkeeper #stimulus #economy

08.01.2022 As we venture into a new quarter, how well do you know your numbers? Having up to date data makes the business decision-making process so much more effective. Spending money becomes a calculated investment as opposed to hoping it'll have an impact.... The same applies to saving money and keeping reserves available to navigate the future. Use numbers to see where the gaps are and focus attention on incrementally improving these areas. If you're not sure how to interpret the figures, sit down with your accountant and learn. This process will allow you to understand the health of the business moving forward. Don't fly blind, use financials as the dashboard to guide the company forward. #smallbusiness #smallbusinesssupport #businesstrategy

08.01.2022 Accessing credit is set to become easier for Aussies. Treasurer Josh Frydenberg is looking to simplify bank lending rules to free up credit and stimulate the economy. Part of this is endeavouring to ease the regulations, costs and the time consumers and small businesses face when seeking credit.... Such a step will assist in the economic recovery process. With interest rates at record lows and likely to remain low for some time, it’s prudent to reduce the difficulties of obtaining loans to increase spending where feasible. Keep your eye on this one! #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

08.01.2022 Mastermind your strategic issues! Ever had a business or personal challenge that you can't seem to solve? Why not brainstorm solutions with a group of people on the same journey.... Chances are they've either been through a similar event and can look at the situation detached from the result, allowing the answers to come clearly. Do you ever feel like solving other people's problems is a breeze, yet struggle with yours? This experience is typical because you're invested both emotionally and often economically in the process. Someone who isn't a stakeholder can look at the scenario objectively with these two variables. Next time you're stuck with a strategic issue, try masterminding solutions with a small group of people you respect. #smallbusiness #smallbusinesssupport #businesstrategy

07.01.2022 This time next week (28th of September) changes to JobKeeper and JobSeeker will take effect. The fortnightly payment moves to two-tiers based on pre-COVID hours. This will provide $1200 a fortnight for workers on 20+ hours and $750 a fortnight for workers on fewer than 20 hours.... Concerning JobSeeker the supplement reduces to $250 with recipients able to earn up to $300 a fortnight. Recipients must look for up to 8 jobs a month and accept any offer of suitable work. These changes will naturally have an immediate impact on businesses with reduced turnover. Make sure your financials are up to date so you can forecast the months ahead. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

06.01.2022 Spending will come before reining in the deficit. The Treasurer has vowed that calls to rein in growing debt will not be made until unemployment falls well below 6%. This may breathe some positivity into the mindset of Aussies even though the deficit is rapidly expanding.... Getting Australian’s back to work is the primary focus. Which is news the majority of Australian’s impacted by the events of 2020 want to hear. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

02.01.2022 The end of key stimulus programs does not mean the end of stimulus schemes altogether... One of the actions we encourage is routinely visiting federal, state and local government websites for "open" programs that may include grants, vouchers or otherwise. Google is your friend when comes to research.... Every state has their own exclusive stimulus programs that have different eligibility. So bookmark the key sites, make a note in your fortnightly schedule to check for updates and you'll be able to capitalise on every opportunity. If you want more personalised guidance you can always reach out directly to us as well. #covid19 #smallbusiness #smallbusinesssupport #businesstrategy

02.01.2022 JobKeeper & JobSeeker News. With looming cuts to JobSeeker payments scheduled in less than a fortnight, there are concerns that some additional 145,000 jobs could be lost along with a projected $31bn to the economy. Many economists citing that the existing payments of $550 are being injected straight back into the economy out of necessity by those looking for work.... We sourced an image from news.com.au that outlines the pending changes to both JobKepper and JobSeeker. Image source: https://bit.ly/35DNUGu If you have any concerns please don’t hesitate to get in touch. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper

01.01.2022 VIC Gov Unveils A $3b Stimulus Package... The largest allocations will go to the hospitality, retail, accommodation and tourism operators including hair and beauty services, repairs, maintenance, domestic cleaning, outdoor entertainment and passenger vehicles. There will be a dedicated licensed venue fund which is worth a quarter of a billion dollars.... Grants of between $10k and $30k will be provided for licensed venues across the state (such as pubs, clubs, hotels, bars, restaurants, reception centres). In regional Victoria, eligible venues will be able to receive payments between $10K and $25K. In metropolitan Melbourne, that will be those relevant numbers will be from $15k to $30k. Additional support for sole traders will be announced in the coming weeks and months. Make sure you reach out for support accessing additional stimulus and funding for your business. #stimulus #covid19 #economicstimulus #support #smallbusiness #government #jobkeeper