Five Actions we can take to come out of hibernation stronger and more competitive than before.
Our governments have done an extraordinary job and should be recognised for tackling this global pandemic for Australia on a range of fronts. This is the true leadership that we need in this time of crisis. Thank you!
Yet, with the restrictions created by social distancing, the JobSeeker, JobKeeper, and other business support programs in place, and an expectation that this crisis will impact our businesses and economy for at least six months to come, we are seeing some businesses hoarding cash, deferring/reducing expenditure, and showing fear for their future in these uncertain times.
This is understandable.
Sadly, many will lose their lives, their loved ones and their livelihoods through COVID-19. I feel deeply for all those affected.
But, it doesn’t mean that all of our businesses and economy must stop; unless we let it.
It doesn’t mean that we cannot come out of this crisis stronger; unless we choose it.
And, it doesn’t mean that opportunities to grasp and solve creatively are lost; unless we close our eyes to innovation.
We are all in this together.
And we must choose whether we will be the victims or the victors, of this pandemic.
So, what actions can we take now to prepare to come out of this staged Lock-Down stronger, more vibrant and more sustainable? (Sadly, this is unlikely to be the last of its kind!)
Find the COVID-19 Stimulus and Support for you.
Here is an excellent tool created by Deloitte to help you find the stimulus and support that you might qualify for.
The Premier of Victoria has announced that we are proceeding with a Stage 1 shut down of all non-essential activity across the state in line with the Federal Government approach.
Victorian Premier Statement (Daniel Andrews) – https://www.premier.vic.gov.au/statement-from-the-premier-33/
Prime Minister Statement (Scott Morrison) – https://www.pm.gov.au/media/supporting-australian-workers-and-business
You might feel confused, paralysed or apprehensive, but as a business owner, you need to act now.
So what do you do?
It is clear now that COVID-19 is being taken very seriously by the Australian government and that it is affecting us all in a variety of ways. I think the situation poses many fantastic opportunities to strengthen our relationships and our businesses and, in turn, our communities. However, people are people and whilst we look at these issues rationally, many will think, react and relate emotionally.
Our behaviour is a role model for all of those around us while there may be fear and uncertainty. Most importantly, this is a time when our next generation will look to us for reassurance and confidence.
It is a time for:
“Thoughtful, rational, community-focused, compassionate, ethical words and actions.”
As a result of the reflections and scanning I have done, as well as input from my clients, business peers, and network, I have tried to distill information that I have found helpful that you might find useful as we navigate the next months. This is a sharing of information for you to decide if/how you will use it and disseminate it. Do your own research and then you can take full responsibility for your actions and decisions.