DOWNS SMALL BUS. FOCUS

May 11, 2020 Sharon Purcell

LOCAL small businesses have a new resource to assist with professional financial challenges and she’s proving popular.

Former bank manager, Donna Neale-Arnold is employed by the Small Business Financial Counselling Service Southern Queensland (SBFCSSQ) to deliver free, impartial, confidential financial counselling to businesses.
Based in Warwick and servicing small and medium businesses in the Southern Downs, Scenic Rim, Goondiwindi and the Lockyer Valley, Donna empathises with local business owners dealing with the repercussions of drought and fires and the dramatic decrease in turnover due to Coronavirus.
“There is such a lot going on in the business world right now and it seems to be getting harder and harder to make it all work,” she said.
Funded by the Australian and Queensland governments, the SMFCSSQ initially examines a client’s business model and identifies current or impending challenges.
The service offers an extensive referral service to Government support packages and helps with debt restructuring or refinancing.
“We take a detailed look at things like financial statements and bank statements and undertake a comprehensive financial analysis of the businesses historical financial position and prepare a Statement of Position,” Donna said.
“Then we work with the client to prepare a cash flow or budget and to identify specific options for their business.”
“Together, we’ll set goals and develop an action plan to get there but the decision is always made by the client.”
As a former small enterprise owner herself, Donna encouraged business owners to ask for help if finances were becoming strained.
“Business owners understand their business so they are in the best possible position to make the important decisions but everyone can do with an extra set of eyes,” she said.
For more information about Small Business Financial Counselling, call Donna on 0417 383 288 or visit www.rfcssq.org.au.

Monday 11th May, 2020