COVID-19 Business Update – 19 August 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Canadian Travel Ban Extended As the US continues to wrestle with the pandemic, border closures were extended for at least another month to contain the spread of COVID-19. Non-essential travel will be prohibited until September 21. Finance Minister Resigns Amid the Pandemic Finance Minister Bill Morneau announced…  Read more

COVID-19 Business Update – 13 August 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Pfizer Announces Deal for Experimental COVID-19 Vaccine Pfizer and BioNTech had signed a deal to supply Canada with an experimental COVID-19 vaccine. Deliveries of the vaccine candidate are planned over the course of 2021, subject to clinical success and Health Canada approval. The government said it would…  Read more

COVID-19 Business Update – 6 August 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Canada Extends Travel Ban to August 31 Canada has recently extended the travel ban for most foreign travelers to August 31, and launched a new contact tracing app to fight the COVID-19 pandemic. Canada has a separate agreement for border controls with the United States. Last month,…  Read more

COVID-19 Business Update – 22 July 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. What You Need to Know About the New Extended Canada-U.S. Border Closure On July 16, Canada’s PM Justin Trudeau announced that the Canada-U.S. border closure will be extended until at least August 21. The announcement comes as COVID-19 cases continue to rise in the U.S, whereas Canada…  Read more

How your business can thrive even in a recession

The pains caused by a recession can be excruciating, which is why most of us dread the thought of it. A recession can mean massive layoffs, jobs becoming harder to find, and wages frozen, which means consumers hunker down and spend less– often worsening the economic slowdown unknowingly. For most businesses, especially small businesses, recessions can be brutal. Just take for example, the Global Financial Crisis (GFC) that struck the…  Read more

Business lessons learned during COVID-19

If you’re like many small business owners you’re probably astounded by how the world has changed in a very short time. While we can all hope that the pandemic is a once-in-a-lifetime scenario, the truth is there is a lot in life and in business that is uncertain, and there is a great deal we can learn from the response to COVID-19 to help plan for the future. Yes, your…  Read more

Battling Through COVID-19: Finance Tips for Business Survival

We’ve heard this before: the COVID-19 pandemic is an unprecedented global health and financial crisis that has caught many off guard. While the threats to human life are very real, the damage to the health of businesses is really just starting to show. The seriousness of the disease and the lack of a vaccine (at the time of writing this) have prompted governments around the world to impose strict measures…  Read more

COVID-19 Business Update – 17 June 2020

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Helping Businesses Go Digital As many businesses continue to feel the impacts of COVID-19, the Ontario government has partnered with the federal government to help businesses reach more customers with a $57 million investment in Digital Main Street, which will help up to 22,900 businesses in Ontario…  Read more

COVID-19 Business Update – 27 May 2020

Welcome back to our Weekly Digest. We hope you and your family are doing well. Read on for this week’s update. Expansion of CEBA emergency business loans Last week the Prime Minister announced the expansion of the Canada Emergency Business Account (CEBA). The PM said “if you are the sole owner-operator a business, if your business relies on contractors, or if you have a family-owned business and you pay employees…  Read more

Questions to ask as your small business recovers from COVID-19

As small business owners look to operations after COVID-19, there are some important business questions to ask. These questions will help you determine what adaptations you want to keep, whether your business model is working, and if there are additional changes you want to make to keep your company operational through future economic downturns. It’s not always fun to do this sort of examination, but the answers to these questions…  Read more

Tips to continue marketing on a shoestring budget

As many business owners are experiencing, the COVID-19 pandemic has created serious financial difficulties for entrepreneurs. Small businesses especially are faced with cutting their budgets so they can continue to operate—even at a smaller scale—and not have to close for good. They also have to figure out how they can market themselves so once the pandemic is over, their customers and clients come back to them. During a financial crisis,…  Read more

How to build a cash war chest when money is tight

Your “war chest” is the financial reserve your business has built up so you can take advantage of an opportunity or cover unexpected costs or emergencies. Building a cash reserve when finances are tight, however, can be difficult. You need money to continue running your business but, if at all possible, you want to keep your reserve account healthy. Here are some ways to build—or preserve—a cash war chest during…  Read more

CEWS, CERB and what they mean for you

The Government has announced a number of measures aimed at avoiding layoffs, improving access to credit, supporting financial stability, and increasing flexibility with taxes. The government’s official website has a more detailed roundup of these measures. It’s good to remember, as Finance Minister Morneau said, the government is implementing programs in a matter of weeks, that would usually take years to develop, so it may not be perfect from the…  Read more

How to market and sell remotely – free webinar

We’ve teamed up with the company that helps with our website and marketing to bring you a free webinar on how to market and sell remotely. They’ve been 100% remote for seven years but have built a global business and they want to share how they did it with you. I’ve attended webinars from them in the past and they are always practical and useful. They are going to cover…  Read more

CEWS and more COVID-19 updates

We hope you and your family are well. The COVID-19 pandemic is impacting nearly every aspect of our lives and will be remembered as a pivotal time in history. Like any other event that impacts the world, we don’t know what the future will be like, but we do know that navigating the new world on the other side will require resilience and creativity from all of us. Here are…  Read more

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