The Liquidity Crisis Is Coming!
10 minute watch
Host Brenda Thomson talks with Martin Cattach from Finance for Business about the looming Post COVID Liquidity Crisis.
The economy, particularly in Victoria, will not start to see the full effects Covid-19 on small business until the first and second quarters of next year. This is due to the end of many government support measures, and the most important of these will be Job keeper that has been an immense support for small businesses.
Loss of this support will cause many businesses to fail, and it could be 10% or as high as 25% that will fall into what Martin calls the cascade effect. That is, a company that goes into receivership or uses the new proposed chapter 11 system will affect all the business that supplied that business as they will only receive a percentage of what they are due to be paid. This will in turn threaten their viability, and they could well become insolvent and have to windup, so we get a chain reaction across the economy.
This situation will be further complicated with property values declining and many small businesses will find their banks, who have used property security for business loans, unsupportive and may see their facilities substantially reduced.
That is the looming Liquidity Crisis that businesses will face.
Guest Profile
Downloadable Resources
Martin is a director of Finance for Business and his mission is to provide small business with the Working Capital and the Cashflow they need to enable them to grow and prosper in today’s tough business environment by providing an alternative to borrowing from the Big Banks as well as delivering advice and insights the business needs to grow.
About Better Business for Good TV
By small business owners, for small business owners.
All of our guests are small business owners themselves. They are also experts in their field and share our mission of helping small businesses build better businesses and contribute to a better world.
Every episode includes:
- On each episode our guest shares their knowledge, insights and ideas around a business topic, issue or challenge relevant to small business owners.
- Each panelist also shares a useful downloadable template or checklist that you can use to implement what was covered during their segment.
Past episodes of BB4G TV are held in the Better Business Builders Community Resource Library.
Previous Episodes
Purchase and Sale of Businesses : The Hidden Risks
11 minute watch Whether you're the seller or purchaser of a business, there are a range of issues that need to be considered and properly managed to ensure that the process is as smooth and stress free as possible. Even sales of business for fairly nominal amounts can...
Pre-qualify your leads on auto-pilot
11 minute watch I’m sure you’ve seen the little chat boxes in the bottom right corner of a website. You’ve most likely used them to ask a question or engage with a business. In this digital age, live chat is an integral part of a successful customer service toolkit,...
5 top tips for looking good on video
11 minute watch Every business regardless of size needs to be using video in the marketing. With it being estimated that next year the average person will watch 100 minutes of video online a day... Are you giving your audience and ideal clients what they want? Videos...
Join the Better Business for Good Community
A community of Australian small business owners helping one another build better businesses.
All while giving back to others and contributing to a better world.
Join the BB4G Business Resource Library
- Access to past episodes of Better Business for Good TV along with our comprehensive library of business templates, checklists, e-books and guides. (New material added weekly)
- Your own BIPlan System® account where you can review your business practices, identify the strengths and weaknesses and create a long term business improvement plan.
- Collaborate with like minded business owners for goal setting, accountability, shared ideas, feedback and support.
- Regular Group Zooms and Lunch and Learn Sessions with business experts to help you implement your business improvement plan
- A BIPlan Accountability process to support you on your journey to build a better business.
- GET FREE ACCESS FOR EVER
Join the Better Business Builder Movement
- Access to past episodes of Better Business for Good TV along with a comprehensive library of business templates, checklists, e-books and guides. (New material added weekly)
- Your own BIPlan System® account where you can review your business practices, identify the strengths and weaknesses and create a long term business improvement plan.
- Collaborate with like minded business owners for goal setting, accountability, shared ideas, feedback and support.
- Regular Group Zooms and Lunch and Learn Sessions with business experts to help you implement your business improvement plan
- A BIPlan monthly Accountability process to support you on your journey to build a better business.
- NO LOCK INS OR CONTRACTS - LEAVE WHENEVER YOU WANT!