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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..

Here is a New Business Listing at #address. If you would like further information or a tour of the site please call me at (403) 259-8210 #.

A Very Profitable VLT Pub in a Calgary Bedroom Community

This is a wonderful pub in a bustling community, perfect for an operator who wants to be involved in the local scene. If you like the feel of a community oriented business, this one is exactly that.

The bones are very strong with this store, good layout and equipment really make it easy to see the potential of what can be done with this business. The current owners have done very well with the location and would love to see someone with similar energy come in and take it to the next level.

They run entertainment and different food specials throughout the week and on the weekends, and have a very strong following of regulars who call the place their own. They are known for good food...

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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 of “unanswer-able” questions.  While we don’t have the answers, we do feel that there are some resources available out there.  We encourage you to review and keep informed with the latest updates:  


1. Government of Canada’s website: Coronavirus disease (COVID-19): Resources for Canadian Businesses:    https://www.tradecommissioner.gc.ca/campaign-campagne/ressources-entreprises-COVID-19-business-resources.aspx?lang=eng

2.    Government of Canada’s website:  Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses:   https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html

3. Government of Alberta website: COVID -19 supports for Albertans:  https://www.alberta.ca/covid-19-supports-for-albertans.aspx

These pages give several links for questions surrounding:


-    Supporting our employees
-    Financial implications and business preparedness
-    Business travel and events
-    Exporting and doing business in international markets


While we feel that all these issues may not be relevant to each of us and there are (still) no firm answers, at least this is a good start.  If you have discovered a good resource – please share it with us!  We’d love to be able to pass onto our clients and entrepreneurs the networks and resources available out there.  

As always, we’re here to support you in any way we can including:


-    Setting up teleconference or video conference meetings 

-    We can send you links to upload your information to so it can be delivered to us digitally and encrypted

-    We have a fax machine; while this is generally thought of as outdated technology, it may still come in handy if that’s the delivery method you prefer to use during this period of social distancing

-    Call us for courier / pick-up outside your door to our door

-    General calls; we know that businesses can feel isolated at times like this – feel free to reach out to us as an entrepreneur who just needs to talk.  We may not have the answers but we are business owners ourselves and just talking can alleviate some of the stress sometimes. 


E: info@misura.ca  P: 403-568-4341

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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 North Calgary with 4 VLT's

Lots of regulars with easy access to Deerfoot and McKnight Blvd. Located in a newly renovated shopping area with lots of parking. VLT's cover the lease, delivery and sales contribute to the net profit. Owner is retiring. Shows very well, book a showing today!

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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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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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