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Small Business News & Tips

Finance Information for Small Business relating to Coronavirus

By BMN

The Federal Government measures to assist small businesses financially during this virus outbreak are listed on the following website and updated as necessary.

We wish you the best during this difficult time.

https://treasury.gov.au/coronavirus

Useful Noosa Shire Council information BMN has been invited onto a Noosa Shire Council business liaison committee. The Shire appears to have extensive planning in place during this time. See more at the below link.

https://www.noosa.qld.gov.au/covid-19

State Government Information
For more from the QLD government, visit;

https://www.business.qld.gov.au/starting-business/advice-support/support/novel-coronavirus

The Federal and State Government bodies have recently announced a support package for business and the general community to deal with the expected impacts of the Coronavirus pandemic

By BMN

The coronavirus (COVID-19) is having a major impact on our business. BMN has collated a number of website links that will assist you in the current situation.

Given the impact on the economy, both Federal and State Governments are offering assistance for eligible businesses, including a relief package to defer lodging and payroll tax returns, cashflow support, grants, wage assistance plus more. For more information about the Industry Support packages visit the below links.

$500M LOANS TO SUPPORT WORKERS:

The Queensland Government is offering $500m in loans to support workers in businesses affected by coronavirus. The loan facility will comprise loans of up to $250,000 with an initial 12-month interest-free period for businesses to retain staff. The 6-month payroll tax deferral (see details below) has been extended to all affected businesses across the state.

Information on the concessional loans will be available at qrida.qld.gov.au from the end of this week.

http://www.qrida.qld.gov.au/current-programs/covid-19-business-support

Information on payroll tax deferral can be found at osr.qld.gov.au

https://www.business.qld.gov.au/running-business/employing/payroll-tax/lodging/coronavirus-tax-relief

Information on the Queensland Government assistance packages.  (see below link)

Queensland Government Industry Recovery

https://www.qld.gov.au/about/industry-recovery

Federal Government Support for Business

https://treasury.gov.au/coronavirus

https://treasury.gov.au/coronavirus/sectors-and-regions

The above is the current access point for the first tranche of money the federal government have allocated for business assistance.

Any business that is feeling the pinch of the coronavirus should go to both the Queensland State and Federal government links and make an application for relief.

AUSTRALIAN GOVERNMENT HEALTH ALERTS

https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alert

The above link is good info on what to do to lower the risk of getting it yourself and in your company

Should your business have a suspected or confirmed coronavirus case visit the below link.

https://www.health.gov.au/resources/publications/coronavirus-covid-19-what-you-need-to-know

RECOMMENDATIONS FOR PROPERTIES WITH SUSPECTED/CONFIRMED CORONAVIRUS DISEASE

FEVER CLINICS AND TRIAL DRIVE-THROUGH CLINIC

‘Fever clinics’ have been activated at Sunshine Coast University Hospital, Nambour General Hospital, Caloundra Health Service’s Minor Injury and Illness Clinic and the Gympie Hospital, in response to the coronavirus outbreak.

A “virtual clinic” is also available with referral from a general practitioner, 13 HEALTH, public health unit or another healthcare provider.

A trial drive-through fever clinic has been established at Caloundra Health Service’s Minor Injury and Illness Clinic. It is open every day between 8am and 8pm and testing is only possible if people are experiencing symptoms such as a fever, cough and shortness of breath.

The Federal Government has launched a national campaign to inform all Australians about the coronavirus. The campaign aims to reduce the risk to individuals and families by enabling them to make informed decisions and to take up health recommendations. Access the campaign materials below.

https://www.health.gov.au/news/launch-of-the-coronavirus-covid-19-campaign

The Australian Tax Office has support for businesses impacted by COVID-19. FIND OUT MORE HERE

https://www.ato.gov.au/Individuals/Dealing-with-disasters/In-detail/Specific-disasters/COVID-19/#Supportavailable

CORONAVIRUS TAX RELIEF

Queensland’s small and medium businesses impacted by coronavirus can defer their payroll tax payment for six months, backdated to when the travel ban started on 1 February 2020, under a new relief measure from the Queensland Government. FIND OUT MORE HERE.

https://www.business.qld.gov.au/running-business/employing/payroll-tax/lodging/coronavirus-tax-relief

HELP THROUGH QLD GOVT CORONAVIRUS PACKAGE

The Queensland Government announced a $27.25 million package to provide immediate assistance to industry to help Queensland deal with the impact of coronavirus COVID-19. The Immediate Industry Recovery Package provides targeted financial support and advice; promotes Queensland through marketing and media activities; and provides counselling and support to businesses and students. Phone the Small business hotline (1300 654 687) for updates and advice. FIND OUT MORE HERE.

https://www.qld.gov.au/about/industry-recovery

BUSINESS QUEENSLAND

Find support from Business Queensland if your small business has been impacted, including mentoring sessions, financial workshops and details of government support. FIND OUT MORE HERE.

https://www.business.qld.gov.au/starting-business/advice-support/support/novel-coronavirus

CCIQ information for business. CCIQ has created a single point of information with support for business. LEARN MORE HERE.

https://www.cciq.com.au/coronavirus-information/

FREQUENTLY ASKED QUESTIONS

Q: WHAT IS THE CURRENT STATUS OF THE CORONAVIRUS?

Q: WHAT ARE THE SYMPTOMS OF CORONAVIRUS?

Q: HOW CAN I BEST PROTECT MYSELF?

Q: SHOULD I WEAR A FACE MASK?

PLEASE CLICK HERE for more frequently asked questions from Queensland Health’s website.

https://www.health.gov.au/resources/publications/coronavirus-covid-19-what-you-need-to-know

The below website is updated daily and advises the current  situation worldwide.

https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alert/coronavirus-covid-19-current-situation-and-case-numbers

Beyond Blue mental health guide for small business owners

By BMN

Almost one third of small business owners report having high levels of psychological stress mainly due to long working hours, social isolation, customer demands, cash flow issues and poor work/life balance. Beyond Blue has therefore developed a simple guide to enable business owners, their family/friends or business advisors identify how to access appropriate mental health resources.

https://das.bluestaronline.com.au/api/prism/document?token=BL/1908

 

How to Build a Support Network

By BMN

As every business leader quickly finds, it’s lonely at the top. With the burden of decisions and risks falling on your plate, you need a strong support network that can offer advice and understanding.

You have to put value on building the network and commit the time. Here are five ideas that can help you strengthen your support network:

https://www.entrepreneur.com/article/224730

 

The perfect elevator pitch: How to sell your great idea in 60 seconds

By BMN

A great elevator pitch can create interest in a project, product, idea or a person in 60 to 90 seconds. A big pitfall is to make your elevator pitch all about you: who I am, what I can do, how my plan works.

The most interesting person to someone else is them, and it’s so important that your pitch is all about them – your listener. If your listener is a potential customer, it needs to be about giving them something they will benefit from and be able to use.

Practise writing your pitch and saying it until you can release it quickly, clearly and effectively.

https://www.intheblack.com/articles/2019/09/01/the-perfect-elevator-pitch