COVID-19 - Impact on Small Business & what we (and you) can do

(brace yourself)

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OK - here we go

Internal

We are currently a "remote by choice" workplace - i.e. if you prefer to, stay at home

More than likely we will go to a "remote for all" approach as a number of our team have kids & will need to support their families

All face to face clients meetings to move to video/phone (lets help flatten the curve peeps)

Clients

1 - Live link on our website to gov response info that we will update whenever we can

2 - 3 different videos (these are looms - so can't embed. Click the links to view if ya want)

• A video on the gov response
• A video on Illumin8s plans to respond
• How we plan to work remote & some tips for those who might need to as well

3 - A typeform that collects basic client info so that we don't miss anyone with concern (same form as referenced above)

Next steps

• Run industry specific webinars (if demand is high) to deliver basic plans en masse
• 1 on 1 calls for those with higher needs
• Connect with other professionals (HR, Finance, Legal specifically)
• Determine those that require deeper work (cashflow, strategy etc)
• Work out how we can deliver those services without strangling clients potentially non-existent cashflow reserves, whilst also not doing 2 months of work and not getting paid for it

Connecting with others

I've reached out to a bunch of other accountants in our area to grab a brainstorming session - If we can work together, our community wins. I'd much rather give away IP, and see my business community come out well, than keep it to my chest and find it decimated.

How we plan to be paid for it (4 options - haven't figured this out really, just my headspace)

• Some might be free
• Some might be discounted
• Some might have extended payment terms
• Some might be full price

Final thoughts

The impact of Covid-19 on small business will be significant. The best way you can help is by supporting your local community.

Things such as

• If you get some takeaway - call them direct rather than use Uber Eats/Menulog so they get the full revenue
• Buy gift vouchers that you plan to use later on
• Keep buying the local coffee
• Go to the family owned business over the big chain
• Share what you have - other might have less

Much love, shakas and jazz hand waves from a distance

Andrew & Team Illumin8

And yes - Whisky does come in 60% ABV or higher...killing Covid-19 dead in its tracks...