Page 30 - Tropic Magazine Issue 24

TROPIC • BUSINESS

the support was emotional as well, just as possible so we would have a strong
talking to people and being a shoulder local economy going forward. After
to lean on during these incredibly discussions with industry and other
tough times. groups it was decided the video series
was the best way to keep people up to
What is some of the general advice date with what support was available.
you’ve been giving clients experiencing
Know your the downturn? What are your thoughts on the
economic recovery for the region?
Know your personal and business
position financial positions, margins, weekly I like to be positive but the reality is
no-one really knows what the future
expenditure, core operating costs, and
commitments because without good will look like, particularly not in the
BUSINESS ADVICE information you cannot make good short term. A glass half full view sees
Tropic sits down with Shaun decisions. Cash is king, so clients need strong population growth on the
to know how much cash they have and
back of our low-density living and
Donaldson from Halpin Partners if their reserves are short act as quickly opportunities in expanding sectors
to talk business support during as possible to rectify this. This advice such as agriculture, manufacturing
the COVID-19 crisis. will be more important as businesses and businesses connected to the Cairns
reopen, government support falls away Marine Precinct. The glass half empty
What has been the focus for Halpin and deferred debt starts becoming view shows a region struggling with
Partners over the past couple of payable. Just because a business makes high unemployment as tourism and
months during the COVID-19 crisis? it through the lockdown doesn’t mean education sectors struggle.
Our initial focus was the health and you will make it long term. Ultimately our economic recovery will
safety of our team and making sure depend on re-opening our economy
we could effectively work from home Tell us about the website you launched with workable health measures, creating
to continue to support our clients and to provide advice for business owners... consumer confidence so people again
each other. Our thoughts then turned Darren Halpin and I both felt many start spending money and feel safe to
to our clients and helping them out businesses were suffering information travel and ensuring we do not have any
with whatever they need. For some overload and struggling to absorb large coronavirus outbreaks.
that meant getting loans and cashflow information during times of high
support, for some accessing JobKeeper anxiety and we wanted as many MORE: halpinpartners.com.au
and other COVID-19 support. A lot of Cairns businesses to access support

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30 • Tropic • Issue 24