Suddenly no one wanted to come to the shopping centre. It was pretty brutal, says Smith, who owns the Lollyology store in Westfields Knox City mall in Melbournes east.
He managed to hold on by launching a website in three days flat, selling the bulk of pre-ordered stock at cost, delivering orders himself and negotiating with Westfield to reduce his rent, a process that took six months.
Sweetshop owner Greg Smith.Credit:Luis Enrique Ascui
Now, while things are picking up, Smith says he still worries about what will happen when government support such as JobKeeper disappears. I do worry about the second half of the year, he says.
However, not all small business owners will be as fortunate. Insolvency and legal experts are bracing fo…
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