As the Australian economy falls into recession amid the COVID-19 pandemic, it’s imperative for SMEs to future-proof their business models to weather the storm.
This is especially true for those R&D-focused businesses which need to maintain their startup momentum or continue to scale into new opportunities and product lines.
While some are making the shift from survival to recovery and looking to grow in the new financial year, many businesses are adjusting to the economic reality of a smaller bottom line. That means steady cash flow is critical to keeping innovation efforts, product development and R&D on track.
In this ebook, Recession-proof your R&D with cash-flow boosting strategies from industry experts, our panel of industry experts offer insight on the economy and the best cash flow strategies SMEs can employ to keep their R&D rolling and, in doing so, retain innovation at the core of their business.
In Recession-proof your R&D with cash-flow boosting strategies from industry experts we explore:
- The Australian economy – what is Australia’s ‘new normal’?
- How to audit your business to create a razor-sharp innovation strategy
- R&D tax incentives for SMEs and advice for financing R&D and innovation in the current climate
- Practical tips for bolstering your cash flow
This ebook is delivered in partnership with SmartCompany and was originally published in August 2020 on the SmartCompany website.