After six months of stimulus and employment support, the federal government is expected to shift from a focus on support to growth with the release of the 2020 federal budget next week.

So what does this mean for you as a business owner? How do you access your piece of the pie?

Across the country, each government has already announced rough support packages to help businesses stay afloat. It may surprise you to know that some of the allocated funds still haven’t been fully distributed. For instance, the Queensland government has only approved 70% of the allocated funds for the $10,000 Rural Business Development and Adaptation Grants, and the $10,000 Disaster Recovery Grant is still available for Far North Queensland businesses.

There is also funding available for businesses to engage with experts to increase their digital capabilities, with more announcements expected. Next week, after months of discussion, the accounting industry in Australia has successfully lobbied for the federal government to provide up to $5,000 for businesses with a turnover of over $75,000 per year. This funding can be used to engage specialists who can help you assess where your business is now, identify gaps, and develop a strategy to achieve sustainable growth as the economy continues to recover.

So again, what does this mean for you as a business owner? Over the last 13 years, I’ve developed a proven process that has helped many businesses move from declining revenues to growth and success. Now, the government is effectively helping you access that level of expert advice and support.

Preparation and planning always provide the best chance for success. Reach out now for a chat about how we can work together, so you continue to grow your business and access the government funding available to support your next steps.

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