Four tips for Australian startups to survive COVID-19

Many startups will need to adapt to survive COVID-19. We've identified four tips to help Australian startups endure the crisis and come out stronger on the other side.

Like the wider Australian business community, most startup companies have been heavily disrupted by COVID-19, and are currently grappling with a stream of new government policies and laws designed to help them survive the pandemic.

Every startup will be impacted differently. The most exposed startups will have businesses where revenue is severely affected by the pandemic in sectors such as leisure, travel and hospitality, particularly where they haven't already built a cash war chest for survival. Others are more fortunate, operating in sectors which have seen an up-tick in sales from COVID-19 or having raised capital prior to the outbreak.