In the second espode of the season 5 prologue of the TSOTB podcast, Patrick Schweizer from ALARES joins Chris Baskerville and James Flaherty to discuss the changes and challenges faced by small businesses. The guys reflect on the past year and share insights on what lies ahead. Despite being recorded a few months ago, the discussion remains highly relevant
.Key points from the episode include:
- The increasing uptake of Small Business Restructuring (SBR) appointments, driven by the Australian Taxation Office (ATO).
- We keep hearing it, but the importance of early intervention for small business owners to avoid liquidation and explore restructuring options.
- The impact of government stimulus and policy changes on the economy and small businesses - what's it like the now the tap is well off?
- The challenges faced by specific sectors such as hospitality, cafes, and building construction due to cost pressures and labor shortages.
This episode is packed with valuable insights for small business owners. Tune in to learn more about navigating the current economic landscape and making informed decisions. Tell your followers to listen in too!