From what I am reading from your posts Mick, I really hope this turmoil that we are currently in doesn’t get any worse and things start to turn around quick. There is only so much as business owners can do in terms of contingency planning and then this virus comes along that is beyond our control.
I am employed already but i’m well in the process of setting up a business (sideline), signed a 5 year lease and invested quite a bit of my own personal savings (plus business loan). Sometimes I think i’m really cursed and really wonder what I need to do to get this right. Don’t get me wrong, i’ve ran a business before and understand what is needed for survival. Without getting into the details.. i’m having to pay a shed load for new electrics and building work. The refurb alone is costing me dear, it’ll be another 6 weeks till I can expect to see any money coming in (this is if the virus wasn’t here).. so my prospects are not great.
Some guy told me yesterday it’s not a bad time for me to start because i’m not missing much right now and if you can make it out of this then that is great, but I think I could fail before even starting. It is a worrying time. So I really do hope our government sort this out quick.