When is a country truly wealthy?

GDP measures everything, except that which makes life worthwhile

When is a country truly wealthy?U.S. Senator Robert Kennedy once said, "GDP measures everything, except that which makes life worthwhile." In 1968, Kennedy thoroughly understood that GDP was an inadequate measure of a nation's prosperity. And yet today, more than a half-century after Kennedy's observation, the world continues to use Gross Domestic Product (GDP) as the measure of a nation's…

How small business can thrive in a post-pandemic economy

SMEs are resilient, entrepreneurial and resourceful. With the right support, they will rebuild, transition and diversify

How small business can thrive in a post-pandemic economyNobody has been hurt more in this pandemic-inflicted economy than the small to medium enterprise (SME) sector. Closures, reduced hours and layoffs because of COVID-19 have impacted the vast majority of small businesses. Up to 30 per cent report that they will not survive the next 30 days without government assistance. The uncertainty of just…

Is selling your business your retirement fund plan?

Canadian small and medium business owners put their companies and their investments at risk by not having a structured succession plan

Is selling your business your retirement fund plan?Canada’s small to medium enterprises (SMEs) are unprepared for the coming wave of business ownership transfers, which will be driven by the retirement of baby boomer business owners. Within 10 years, Canada’s SME sector will undergo a transfer of wealth, estimated at $1 trillion to $4 trillion. Yet, as of this year, as many as…