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2020-08-31 01:20:58coronavirusEnglishQuickBooks and Business Australia have teamed up to help you survive and thrive with three strategies to access grants, tools to support...https://quickbooks.intuit.com/au/resources/au_qrc/uploads/2020/08/quickbooks_image.jpghttps://quickbooks.intuit.com/au/resources/coronavirus/prepare-for-the-future-with-these-three-strategies/Find out how you can access grants, cut costs and get tools for your team.

Prepare for the future with these three strategies

3 min read

This article is brought to you by Business Australia. 

Follow these steps to make the most of your business now and in the future:

  1. Take advantage of all the grants available to you.
  2. Support your staff to be top performers.
  3. Cut your costs to boost your profits.

Give your business a leg up

Tough stage four pandemic restrictions have been introduced in Victoria to stop the spread of the coronavirus. But even in lockdown, businesses can take steps to position their enterprise for success.

Intuit QuickBooks is partnering with Business Australia to offer small businesses access to their incredible array of resources to help you survive and thrive during this very challenging period.

Here are three great resources to help set you up for future success.

Access grants to develop your business

There’s $40 billion in around 1500 different state and federal grants currently available to small businesses. If you’re in business, chances are you qualify to apply for one or more of these grants. There’s something for every type of business including entrepreneurs, exporters and tech start-ups.

But with such a wide array of grants, it can be tricky knowing which ones are suitable for your business. To help navigate the different options available, Business Australia has developed a handy free and easy-to-use grant finder that:

  • Helps you access the huge range of different grants on offer.
  • Assists you to work out which grants are applicable to your business.
  • Offers great tips so you can successfully apply for these grants.

Just click through to the grant finder and in only 10 minutes, you’ll know which ones are suitable for you.

Tools to help support your team

It’s truly incredible how quickly many businesses pivoted their staff from the office to working from home at the start of the pandemic. But this new way of working means small businesses need different management tools to support staff who are working remotely to ensure they are working to their full potential.

Business Australia is here to help with a comprehensive toolkit to assist firms to understand and comply with their obligations, and at the same time, take a best practice approach to HR management. Some of the resources you can access include:

  • Information about how to stand down staff and stay within the rules.
  • Guidelines about how to support your team’s mental health.
  • Checklists about managing employees who are working from home.
  • Guidance about home office set-ups.
  • Policies to guide leave.

Cut costs to manage your cashflow

In a turbulent business environment, staying on top of your operating and internal costs has never been more important.

Business Australia also has a host of top tips to keep your costs down, which ultimately translates into a healthier bottom line.

Here are five great ideas to cut your internal costs:

  1. Turn lights out in rooms you’re not using.
  2. Go paperless to cut stationery costs.
  3. Buy office supplies in bulk.
  4. Compare the cost of energy suppliers.
  5. Buy second hand business equipment.

Here are five great ideas to cut operating costs:

  1. Use free online marketing tools.
  2. Shift your IT network into the cloud to save on computer equipment.
  3. Introduce a chat bot to answer easy customer service questions.
  4. Cancel any subscriptions you’re not using.
  5. Negotiate discounts for paying suppliers early.

Need help reinventing your business?

Business reinvention enables you to remain competitive and reach new customers in changing markets. Download Business Australia’s free guide to learn how to reshape your business for continued success.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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