MYOB launches COVID-19 business preparedness guide

Business owners looking for advice on cash flow, business continuity and business planning to survive the coronavirus pandemic have a new resource thanks to MYOB.

The cloud business solution has developed a Business Preparedness Guide to assist Australian small businesses looking for answers during the current COVID-19 pandemic.

With the rules of the game rapidly changing as the pandemic evolves, MYOB CEO, Greg Ellis, says it has been challenging for business owners to stay abreast of the latest changes and support

“These are uncertain times across the globe causing a lot of stress. MYOB is committed to helping business owners as much as we can so they can focus on the health and wellbeing of their business, themselves and their staff.” Ellis said.

MYOB’s Business Preparedness Guide focuses on fundamental issues business face, including establishing secure and successful work from home operations, managing staff and dealing with leave. There is a breakdown of wage subsidy and leave support, including how to apply and how much employers are entitled to.

“It’s important for business owners to make use of the help around them wherever they can. The Australian Government and organisations such as Safework Australia are available for those who need assistance as they navigate through this unchartered environment,” Ellis said.

The guide also walks businesses through how to develop a business continuity plan and how to set up once the pandemic is under control and business goes back to normal.

Ellis suggests even the best-prepared businesses were not ready for the impact of the COVID-19 pandemic. The guide will help them evaluate the challenges ahead and chart a path forward.

“There’s a lot to consider. It’s important to keep customers and staff informed, as well as motivated and engaged if your people are working from home. Our guide provides advice on maintaining regular contact through email, chat or video conferencing or establishing a buddy system for larger businesses.

“It’s also worth spending time focused on the future. There will be a recovery and, given how fast the crisis arrived, the upswing might be just as strong as the decline for some businesses – so we’ve included some steps businesses should consider to help them prepare.”

Download a copy of the Business Preparedness Guide

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