Day: 13 August 2020

How to get out of a cashflow crisis, according to a SMB business strategist

Cashflow is like a train trip, you can be charging full steam ahead, stuck at the station not going anywhere or heading in the wrong way altogether. In business, knowing what direction you are travelling gives you a much better chance of staying on track and getting to where you want to go. Many businesses …

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Job growth steady in all states except Victoria with 24% job loss

The number of payroll jobs nationwide remained steady through July (-0.1 per cent) while Victoria saw a fall, according to figures released by the Australian Bureau of Statistics today. Bjorn Jarvis, head of Labour Statistics at the ABS, said, “Payroll jobs remained 4.5 per cent below mid-March, when Australia recorded its 100th confirmed COVID-19 case.” …

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Business conditions continue to recover but confidence remains fragile – NAB

Key messages from the NAB July survey: This survey was conducted prior to the escalation to stage 4 restrictions in Victoria. Prior to that, the survey suggested that business conditions saw a further improvement in July – which was broad-based across states. Outcomes across industries were more mixed – with services continuing to improve, albeit …

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VIC begins automatic Covid grants: totalling $20,000 for Melbourne, $15,000 for regional businesses

“We want businesses to survive this pandemic – we want people healthy and back at work. We want to begin the process of rebuilding our economy and our community and setting us up for the future,” said Premier Daniel Andrews.  Funds are flowing through to businesses in metropolitan Melbourne and regional Victoria as we continue to fight the …

VIC begins automatic Covid grants: totalling $20,000 for Melbourne, $15,000 for regional businesses Read More »

South Australia’s economy called ‘resilient and diverse’ amid Covid – global rating agency

Independent global ratings agency, Moody’s, has reaffirmed its confidence in South Australia’s economy, recognising our ‘resilient and diverse’ economy as critical in helping cushion the blow of COVID-19. In its latest credit update, Moody’s – which has maintained the state’s Aa1 stable rating – acknowledged there would be some budget impact as a result of …

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40% of Aussie SMBs are female owned: affordable childcare key to economic recovery

The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says a new report by the Grattan Institute makes a clear economic case for affordable childcare. “Cheaper childcare: a practical plan to boost female workforce participation” estimates an overhaul of the childcare subsidy system would add $11 billion to GDP per year and increase hours …

40% of Aussie SMBs are female owned: affordable childcare key to economic recovery Read More »

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