In these challenging times, many business owners are facing circumstances that they have never faced before.
People are standing down staff, surviving off jobkeeper, negotiating with creditors and putting money into their businesses themselves.
Given the multiple pressures that business owners are faced with, it’s easy to make decisions for the here and now with no thought of the future.
It is critical that business owners take care of their personal financial position while taking care of their businesses interests.
Now, more than ever, business owners are funding their businesses by redrawing on their mortgage, investing their personal savings, leveraging personal assets and borrowing from family and friends.