PLAN TO BEAT THE CHALLENGES OF THE CORONAVIRUS

PLAN TO BEAT THE CHALLENGES OF THE CORONAVIRUS – Contributed by Pascoe Partners Accountants 

Whether you believed the Coronavirus was just media hype, or that panic buying toilet rolls was the cure, it cannot be denied that small businesses are now beginning to suffer.  Businesses must plan to beat the challenges of the coronavirus.

There is still a lot of fear of what lies ahead in these uncertain times and the often conflicting information flying around casuses confusion and anxiety. This is resulting in major changes in consumer behaviour and many small businesses are facing unprecedented times as a result.

We all need to be proactive in preparing for and facing these challenges so we can protect and grow the businesses we have invested so much time, effort and resources in building.  All businesses must plan to beat the challenges of the coronavirus.

Pascoe Partners Accountants are determined to ensure that our clients do not feel alone and that we are committed to supporting them and their businesses at greater lengths than ever before. We can provide immediate practical advice that will start impacting positively on our clients’ businesses today, which could be the difference between the business making it or not!

Pascoe Partners Accountants has a wide range of tools at our disposal.  We ensure that our clients  succeed, remain productive and connected to their trusted advisers during these times of remote working.

Cash Management

One of the most critical aspects of your business is the management of cash, even more so during these very challenging and uncertain times. Our cloud based forecasting and reporting platform, provides business owners with an ‘access anywhere’ solution.  View real-time bespoke financial and non-financial data dashboards and cash flow projections. Not only can simple or detailed cash flow forecasts be prepared, you can also proactively plan for your best-case and worst-case scenarios to ensure you can quickly adapt as challenges evolve. It can also keep you up-to-date with what is going on right now in the business, even when you are not online, by sending you bespoke alerts.

With collections from customers, paying suppliers and employees there are no doubt going to be some very tough decisions to make.  Having access to our platform is going to enable you to make the right decisions by providing you with easy to interpret and up to date critical information.

There is some good news with the Federal and State Government Stimulus Packages, which will bring some cash flow relief to small businesses.  But, these are geared mainly around businesses with employees and are not, on their own, going to guarantee survival. Businesses that make strong contingency plans and can change to the impact of the Coronavirus will be able to succeed.

REMEMBER

You are not alone. Contact us so we can help you with tactical plans to help protect you and your business and prevent the worst-case scenario! This Pandemic will eventually pass but together we can make sure your business will make it through even stronger.  Plan to beat the challenges of the coronavirus NOW.

At Pascoe Partners Accountants we are passionate about helping our clients and exceeding their expectations. Your health and safety is of utmost importance to us. To help reduce your Coronavirus anxiety, we have included below our top ten 10 tips:

1. Focus on things you can control, such as your thoughts and behaviours.
2. Keep the big picture in mind. Humankind will survive this.
3. Remember that the size of news coverage may not equal the size of the threat.
4. Let wisdom and logic guide you.
5. Turn to reputable sources for your news.
6. Control how often you check the latest news.
7. Model peaceful behaviour for those around you.
8. Evaluate your own health behaviours and be a model for others, including children.
9. Feeling isolated? Maintain digital connections with people.
10. Don’t let fear influence your decisions.

It is business as usual for Pascoe Partners Accountants. As always, we are passionate about helping our clients and exceeding their expectations. If you would like to have a free, no obligation chat to discuss our services, please get in touch. We also have videoconferencing facilities to use during these challenging times of social distancing.

Take care and stay safe!

Tel: 9322 3400 or email steven.w@ppacc.com.au

Thank you for reading plan to beat the challenges of the coronavirus. Find out more about Pascoe Partners and Accountants on the WBA Member Directory