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| Hi there, |
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| If you own a small business, it's likely you've experienced one or two challenges lately. So we thought we'd take the opportunity to share an article you might find interesting. |
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| ARTICLE: How to diversify your business |
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| In the article, Joe Tawfik from Kinetik Consulting Australia provides expert advice about why diversifying your business can be a smart strategy to help you prepare for unexpected road bumps like COVID-19. He suggests businesses should: |
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Prepare in advance for any unexpected competition
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Protect business from loss of profit and market share
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Overcome your reliance on core business alone
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| For some added inspiration, there's a case study of an Aussie business owner who had to diversify quickly in response to COVID-19, and how he managed it successfully. |
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| Perhaps you (or a business owner you know) could use some funds to help get business diversification plans off the ground. If so, we offer Small Business funding options between $5,000 and $300,000. |
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Ask about Back to Business funding
with no repayments for the first
6 months for eligible businesses.* |
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| Empire Road Investments |
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| 0448 444 083 |
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| * Eligibility and approval is subject to the Government’s Coronavirus SME Guarantee Scheme eligibility criteria and standard credit assessment. Not all amounts, term lengths or rates will be available to all applicants. Standard credit approval criteria, fees, terms and conditions apply. |
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