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March 27, 2020
Top 5 Employer Options During The Coronavirus Pandemic
Kim Nutz of Sunstone Legal provides a list of the Top 5 Employer Options During The Coronavirus Pandemic...
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Rob Campbell - RE/MAX Real Estate (Central) : Blog : Latest Blog Posts

March 27, 2020
Business Owner Update - Friday March 27, 2020

Business Owner Update - Friday March 27, 2020


Today the Federal Government and Bank of Canada finally...

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Here Is A New Listing That I Just Posted At Calgary


Here is a new listing that I am happy to post at Calgary.

Wow! Great profitable pub in...

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COVID 19 - The Emerging "Stress Factor"

In talking to many of you this week, the number one emerging issue is stress.   The rapid...

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Misura Berteit & Associates - Resources for Businesses during COVID-19

We at Misura Berteit & Associates understand that the events of the last few weeks have left a lot...

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Blueneck Consulting - COVID 19 Business Update

Today’s Government Announcement:  No new Federal support announcements today from our...

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Welcome

LATEST STORIES For Today's News From Around the Web..

Well.. needless to say it was another rockin evening in Calgary's Pumphill district, as the 11th Annual Red Meat Party surged into the night. Countless friends, colleagues and client's of Kahane Law enjoyed the Studio 54 themed festivities with bell bottom jeans, Afro's of every color and description and the best collection of platform shoes I have seen since watching re-runs of Starsky and Hutch.

The food was once again indescribable, as every type of red meat you can think of was BBQ'd, smoked and otherwise cooked to the guests delight. Smoked prime rib, lamb chops, Montreal smoked meat and Jeff's dad's famous BBQ'd ribs were just a few of the items at the buffet table. The slush machines were workin overtime to keep up with the margarita's, and the ice sculpture with the tube running through it to chill the shooters was VERY cool. The DJ this year was a great addition, and Malla, the dance...

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Suggested Blog Articles

Here Is A New Listing That I Just Posted At 30 4307 130 AV SE in Calgary


Here is a new listing that I am happy to post at 30 4307 130 AV SE in Calgary.

6,605 sqft Stand Alone Restaurant in SW Calgary, at an UNBELIEVABLE rent number!

At an asking price of $150,000, this is a fantastic opportunity for someone to expand their restaurant operations. The facility is still fully equipped, with all the kitchen equipment & furniture still in the building.

The Lease has approximately 4 years remaining with 2 x 5yr options as well. The building is broken down into a restaurant and lounge, with a large kitchen suitable for volume production and a rear access for skip the dishes pickup.

If you would like to tour this opportunity, please call me and we can set it up.

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Here Is A New Listing That I Just Posted At 3 2220 20 AV NW in Calgary


Here is a new listing that I am happy to post at 3 2220 20 AV NW in Calgary.
Pizza Delivery and Take-Out locations in NW Calgary are hard to come by, and this one is in a great upscale area. It was built all new a few years ago, from scratch, so the equipment is in great shape and the store is VERY clean. There is the chance of expanding into the next door bay if you would like to make the space larger and offer more on the menu. All you would need to do is put in a vented kitchen...and the sky's the limit! The current operation only runs on VERY limited hours, about 22hrs a week right now, so you could make this an EXTREMELY profitable little pizza place. Call to get all the info and discuss it in more detail.
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Business Owner Update - Friday March 27, 2020

Business Owner Update - Friday March 27, 2020


Today the Federal Government and Bank of Canada finally made key announcements to help small businesses:


  • Increased Payroll Subsidies up to 75% - This will be back-dated to March 15.  No link or details yet on the limitations or qualification. I will get them to you as soon as they are posted.  Here is the announcement https://twitter.com/i/broadcasts/1kvKpXdndQmKE
  • Government guaranteed, interest free small business loans up to $40,000 – this is a program where, if you go to your bank to borrow money to get through the next few months, the government of Canada will be the guarantor.   Under some circumstances (no details yet), 25% may become forgivable.
  • Bank of Canada drops Prime Rate to 0.25% - this makes the cost of borrowing as close to “free” as it gets.  This is the time for you to replace as much high-cost debt with new low-cost debt.


In addition, you get a deferral of GST remittances on top of all the other deferral of payment programs announced over the past 10 days.  You’ll have to pay your GST owing eventually, but consider the money is better in your pocket for the time being.


These will help those of you who will be able to find work to keep the doors open and if the Alberta Government doesn’t order a lockdown.  If you need to shut the doors, the cheap loans and payment deferrals will help you to weather the storm and re-open later.  


Let’s address the potential of a lock-down.  Yesterday, the Alberta government admitted it is preparing an essential services list. This is a prerequisite to doing a lockdown.  As I reported to you earlier this week, the Alberta list will be based on the Ontario essential services list, likely with more extensive leniency for the oil and gas sector (re-attached).   This is not something the Alberta Government wants to do, but only if covid19 gets out of control.    That number is much higher than we are now (check my website if you like numbers).  However, politics are politics and we still might see one.  


If the government imposes one, my forecast is that we will need to see case numbers trending up significantly (i.e. additional cases each day are more than the additional cased from the day before) for 2-3 more days in a row and the Canadian Emergency Response Benefits become available so the additional layoffs get paid by the Feds, not the Province (i.e. April 6).  I’ll be keeping watch over these numbers for you. 


For you convenience, here is new link summarizing all the Federal program announcements (not yet updated from today). https://www.canada.ca/en/department-finance/economic-response-plan.html


Let’s do everything we can in our workplaces, with our employees, customers and suppliers to plank this outbreak so we can keep businesses open and everyone working!


Pete Baran                           |       403-973-3531

Chief Business Mechanic  |       Blueneck Consulting Inc.

www.blueneck.ca

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