Vic government adds $8.4m to support for businesses
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Sarah Simpkins
Sarah Simpkins
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The Victorian government has committed to injecting a further $8.4 million in grants for greater Melbourne businesses hit by its snap lockdown.
On Wednesday (9 June), the Victorian government declared that lockdown restrictions in Melbourne will ease from 11.59pm on Thursday night, albeit with a number of limits to remain in place.
The state government also committed to granting Melbourne businesses a further $8.4 million in cash support, contributing to a total of around $500 million in the past 11 days.
The Business Costs Assistance Program, which has provided eligible businesses affected with payments of up to $5,000, will give a further $2,000 top-up payment to businesses in Melbourne closed due to extended restrictions announced on Wednesday.
Brokers urged to seize on SME EOFY needs
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Asset finance specialists have suggested in a Lend webinar that brokers could use the EOFY period to understand their SME clients’ growth plans and broader funding requirements.
Commercial finance lending platform Lend recently held the LendEd
What’s Driving Asset Finance live interactive webinar, with the virtual panel event hosted by the recently appointed head of asset finance, Andrew Moulds.
Part of Mr Moulds’ role includes working closely with Lend’s head of third party, Donelle Brooks, to support brokers to diversify their offering with commercial finance as part of its new industry initiative.
Why this broker enjoys ‘complex’ finance
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The winner of two awards at the 2021 Better Business Awards in Queensland, Jodie Wolfenden, explains why she enjoys “complex” finance such as investment, self-employed and SMSF.
The Gold Coast broker and Superior Wealth director told The Adviser’s Elite Broker podcast that she has a passion for the “complex stuff”.
While she enjoys assisting first home buyers, Jodie Wolfenden said that she would prefer assisting clients with buying additional investment properties, self-employed clients, and clients with self-managed superannuation funds (SMSF).
“I love making sure that they’re structured correctly, that it doesn’t impede what they want to do in the future,” Ms Wolfenden explained.
Broker consultancy workshop launches
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The business plan to help brokers re-engineer their businesses to be more efficient and profitable will be unveiled at The Adviser’s fourth annual Business Accelerator Program.
Tickets are now available for The Adviser’s broker consultancy workshop, the Business Accelerator Program 2021.
Travelling to Brisbane (17 August), Sydney (19 August) and Melbourne (25 August), this one-day program is jam-packed with hands-on sessions to help busy brokers identify how they can scale their brokerage into a valuable and efficient business asset.
The agenda for the 2021 event has been specifically curated to address the pain points being faced by busy broker directors wanting to grow their business.
Entrepreneur Marcus Lowery was unsure if he wanted to create and operate his business as a nonprofit or limited liability company, relying on the Randolph Community College Small Business Center to provide guidance.
The center gave him material laying out the pros and cons of operating businesses under the two options for his Nu Wine business. This is just one of a few reasons Lowery believes he s received multiple benefits from being exposed to the center.
Thank you for supporting local journalism with your subscription. One that races to the front of my mind is the sense of urgency to acknowledge where I was in my small business process, Lowery said. Once I was able to view where I was, I could envision where I wanted to go and what I would need to get there.