The challenges facing all elements of Society from the coronavirus (COVID-19) pandemic are complex, confusing and extremely concerning.

As Davidsons expertise is in assisting Business Owners navigate their way through the myriad of challenges they face, now more than ever we are reaching out to our clients to offer assistance.

This can come in a variety of forms such as:

  • Understanding the Government Relief Initiatives on offer.
  • Managing Cashflow and the challenges in meeting your financial commitments.
  • Advising staff on their options and future.
  • Communicating with Banks, Landlords, Suppliers and Clients.
  • Understanding the challenges of working from home or remotely.

We are operating a business as well and are facing these same issues every day. Some of our Senior Team Members have experienced Recession and Depressed Economic and Social conditions whether it be:

  • The Global Financial Crisis of the mid 2000’
  • The “Millennial” Bug threat of year 2000
  • The Credit Squeeze and Banking Failures in the 1990’s
  • Stock Market Crash of the mid 80’s

However, this challenge is unique and draws parallels with “War Times’ when Governments have unprecedented powers and make decisions which can destroy people’s livelihoods on the basis that they have no other options.

At times like this we re-assess our lives and question our Goals and Aspirations. Stress and Worry can lead to decision making which may not be rationale and appropriately thought through.

Before you and your family make any life changing decisions, please feel free to pick up the phone or organize a “Zoom” meeting with us and talk it through.

Our focus on helping you to Create, Protect, Transition are now more important than ever before. Remember no issue is to simple or insignificant that we can’t offer our opinion or guidance with. Often the process of talking it through can help you come to a logical answer of what seemed to be an insurmountable issue.

The Davidsons team is here to assist you navigate these challenging times.  For more information contact your Davidsons team member. Alternatively call us on 03 5221 6399 or email us at info@davidsons.com.au for more assistance.

 

Disclaimer: this information is of a general nature and should not be viewed as representing financial advice. Users of this information are encouraged to seek further advice if they are unclear as to the meaning of anything contained in this article. Davidsons accepts no responsibility for any loss suffered as a result of any party using or relying on this article.