As of yesterday 4th June 2020, our Treasurer Josh Frydenberg announced that Australia is in Recession.
There were many factors and not only was it the COVID-19 Crisis, but a combination of floods, fires, droughts and the last few years has been mediocre when it comes to business, so it was only a matter of time and this Health Crisis basically pulled us over into Recession.
It was inevitable to be honest.
So officially we are in a Recession, but how long will it last?
Personally, I don’t think it will last as long as our last one in the 1990’s, but it’s different.
The COVID-19 Crisis has impacted Australia and the world, there is no doubt about that. Australia is in a good position compared to the rest of the world, our death rate from COVID-19 has been much lower, our Government has provided stimulus packages ie Job Seeker and Job Keeper and our new housing package grant of $25K. The Government has put in measures and of course it will take many years and generations to repay this money back.
But for the here and now, how does this Recession affect you in your business?
For those that have received the stimulus packages, are you putting this money back into your business? For those that accessed early Superannuation, again are you putting this money back into your business? One of the most cost-effective marketing strategies for your business is using this money to outsource to a VA. Sounds counter-intuitive to say the least, but really it is an extremely clever way to utilise any extra funds you may have.
This is a time when businesses need to hone their skills, pivot, realign and work hard bringing their business back and outsourcing some extra pair of hands to do this, is the only way.
Outsourcing to a VA is cost effective, saves you time and money and yes you will get a ROI.
Personally, I watch every cent I spend and if I don’t receive a ROI on my investment, I don’t do it.
I can assure you; I will provide you ROI with the services I provide. Feel free to contact me to discuss.
Barbara has operated her VA business for many years. She enjoys collaborating and providing effective and workable strategies with clients. She is a lady who takes initiative with every task at hand. From Lead Generation to content writing, business development to project management and admin in between, she has you covered.
Barbara Burstall - BBMC – Virtual Assistance
(A VA who thinks OUTSIDE the square)