Friends With Money #9: How this business pivoted to keep its doors open during COVID-19
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How do you pivot from building sets for Ninja Warrior to producing desks for a nation stuck working from home?
More than a third of Aussie businesses have struggled financially since COVID-19 restrictions began last year, with small businesses in particular under pressure just to stay afloat. As our lifestyles and shopping habits have changed, many of these businesses have also found themselves branching into new projects.
In this episode of the Friends With Money podcast, Julia Newbould is joined by Jeremy Fleming, founder and CEO of Stagekings, a company that specialises in designing and building sets for major events.
The cancellation of these events due to COVID-19 lockdowns in 2020 initially devastated Stage Kings, until Jeremy successfully pivoted the business to keep revenue coming in and keep his team employed. Their new mission: creating the innovative ISOKing range of furniture and accessories.
Here, he talks about the art of pivoting in response to COVID-19 and shares some of the valuable lessons he and his team have learned along the way.
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Friends With Money podcast FAQ
What is the Friends With Money podcast?
Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.
Where can I listen to the podcast?
You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).
Who hosts Friends With Money?
Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.
Is the podcast suitable for beginners?
Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.
What topics does the podcast cover?
The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.
How often are new episodes released?
New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.
Can I watch episodes with captions?
Yes, full episodes with closed captions are available on YouTube.
Why subscribe to the Friends With Money podcast?
Boost your financial literacy anytime, anywhere with the Friends With Money podcast from Money magazine. Whether you're commuting, working out, or relaxing at home, this weekly podcast makes it easy to grow your money knowledge on the go.
Each episode dives into real conversations about money - how it's earned, shared, saved, and grown - with tips and insights that make finance simple and relatable. Perfect for beginners and seasoned investors alike, it's your go-to guide for building better financial habits.
Subscribe to the Friends With Money podcast today and start learning when it suits you.
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