Principle of Hospitality1 Huhti 2020

Episode 48 - SPECIAL EPISODE - Part 2 - How to financially deal with the crisis of COVID 19 for your hospitality business

Episode 48 - SPECIAL EPISODE - Part 2 - How to financially deal with the crisis of COVID 19 for your hospitality business

With the growing Covid-19 crisis hitting every area of the economy worldwide, but especially the hospitality industry, I thought it was pertinent to have one of my most trusted sources in the financial sector, Braden Johnston the Senior Accountant and Director from Rising Tide Financial Services based in Melbourne on the podcast to talk about the latest stimulus package from the Australian Government, but also add value to wherever you are listening from in how we talk about the strategy around your hospitality venue in this testing time.

Following on from last week's conversation, In this podcast we discuss:

-The benefit of having a great strategy

-What's the difference between Jobkeeper and Jobseeker payments

-An update on what stimulus is on the horizon now that you can access

-The difference between federal, state and council grants and funding.

-What are the very short term solutions that you can implement today as a strategy

-The items to look for when contemplating superannuation payment withdrawls

I know this is a very confusing time for everyone. I believe part of my role in the industry is to cut through the noise and give you some clear strategy and planning tools as you continue to navigate this crisis for yourself, your family and your team. We will bring back Braden over the coming months as I want to make sure you have a plan for your hospitality business moving forward.

Please reach out to Rising Tide Financial Services on the following links below to be part of the information that they are sharing for business owners:

Website: https://risingtidefinancial.com.au/

Facebook: https://www.facebook.com/RisingTideAU/

Please reach out with any questions for me: shaun@openpantryco.com

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