It’s not the headlines that kill, it’s the many burdens caused by lockdowns that render small businesses unprofitable
Across Canada, as COVID-19 cases surge, there’s talk of locking down again or of tightening second lockdowns. Of course, we haven’t even settled whether lockdowns were the proper solution in the first place, given the enormous collateral damage in unemployment, bankruptcies, and the physical and mental health of millions, amid a virus that overwhelmingly targets…
Without the right tools, people and plans, your business will suffer. You’re going to have to work harder and that will affect your bottom line
It was almost the final straw. I was laying on the ground after falling off the roof of the house and the carpenter, John, was standing over me yelling. He was mad because his sawhorses had been broken in half because of my stupidity, while I was just wondering if I had broken anything in…
Leaders who make quick, smart decisions in times of difficulty and follow through are significantly more successful than owners who waffle
It was an especially nice Irish day, which means it wasn’t raining. Emily, Isabel and Aisling had just been dropped off by their uncle at a train station in the middle of the country. The girls proceeded to the ticket counter, where they realized they were 10 euros short of what they needed to get…
Part of the reason clients hire me is to give them an outsider’s opinion of the challenges or opportunities facing their businesses. I take this very seriously, so I’m constantly scanning the economic horizon for changes that could have an effect on these leaders and their organizations. Over the past few months, I’ve been talking…
Trudeau government siding wth traditional banking over the interests of small companies looking to survive the pandemic
By Paz Gómez Research associate Frontier Centre for Public Policy The Liberal government has blocked financial technology (fintech) companies from distributing aid to businesses affected by the pandemic. In the age of cryptocurrencies and investment services like Robinhood, the government clings to banks and relics such as cheques by mail. PayPal, Wave and the Canadian…
Unless you’re a careful operator, you may find yourself among the 60 per cent of businesses where the owners receive very little money at the end of the day
It was serious business! My brothers and I were neck deep in it. We were digging to China when we were interrupted by the call by our mother for dinner. Digging holes is something boys do. We dug holes for forts, holes for adventures and holes in search of gold. My son at the age of three dug…
Seven in 10 charities report lower revenues. As a whole, the sector has had to lay off 84,000 full- and part-time staff in Canada
The pandemic hasn’t been all bad for us. For some Canadians, it’s actually meant a bit of a financial boon. That’s not to say there haven’t been massive job losses and income losses. It’s just that the losses have happened unequally. The poorest and the youngest took the worst hit. When think-tank Cardus analyzed the…
But if entrepreneurs can’t follow in the footsteps of blockbuster ideas, they should aim to come in behind campaigns that nearly reached their goals
Entrepreneurs looking to raise money on crowdfunding sites are better off following in the footsteps of ideas that fell just short of their fundraising goals than coming in behind projects that enjoyed modest success, according to a study that proposes the role of the entrepreneur might be to grow the pie for all and not…
Investing is a process and not a speed dating event. If you develop relationships with investors, you’ve got a much better shot of closing the deal
Getting a “no” from any prospective investor can be hard to take. At first glance, it’s insulting. You’ve poured heart and soul into an idea and after 10 minutes of pitching, the investor doesn’t want to hear more. For the entrepreneur who wears the success or failure of his company as a reflection of their…
Increasing the federal tax would be anti-investment, anti-entrepreneurship, anti-innovation and anti-green
By Niels Veldhuis and Jake Fuss The Fraser Institute At a time when the country faces momentous economic challenges, it’s hard to think of a more damaging policy than a capital gains tax hike. Yet rumours persist that prior to the COVID-19 crisis and economic downturn, that’s exactly what the federal government planned to do.…
Across Canada, as COVID-19 cases surge, there’s talk of locking down again or of tightening second lockdowns. Of course, we haven’t even settled whether lockdowns were the proper solution in the first place, given the enormous collateral damage in unemployment, bankruptcies, and the physical and mental health of millions, amid a virus that overwhelmingly targets…
