Is your business still viable?
Can your business recover?
You may need to work out whether your business is still viable. You can do this by:
Talking to your accountant
Use the Australian Taxation Office’s business viability assessment tool
Following the devastation caused by the bushfires, you may need to update your business plan.
An updated plan:
will give you a clearer idea of the way ahead;
may be required to show creditors that with their ongoing support your business is still viable in the longer term. The business.gov.au website has a detailed guide on how to write a Business Plan.
may also be required if you are preparing to apply for a Bushfire Recovery grant or concessional loan from the government.