Business Owner Update - Friday March 27, 2020
Today the Federal Government and Bank of Canada finally...
Wow! Great profitable pub in...
In talking to many of you this week, the number one emerging issue is stress. The rapid...
We at Misura Berteit & Associates understand that the events of the last few weeks have left a lot...
LATEST STORIES For Today's News From Around the Web..
Posted on September 8, 2017 by Rob Campbell
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 #.
8 Acres of Highway Commercial Land (C-LC Local Commercial District) Fantastic Highway visibility from Highway 27 in the County of Mountain View as you enter the Town of Sundre. There is over 700 ft. of highway frontage on this major transport route for the Oil & Gas, Logging and Tourism industries. There is 6 acres of compacted pit run that could possibly be used for a variety of uses, Service Station or Truck Stop, RV Sales or Car Dealership or a host of other Permitted and Discretionary Uses. There is a small 864 sqft house on the property that is currently rented out, as well as a 40x60 Quonset Bldg. that is also currently rented out. These can be rented out or used as office and workshop for all sorts of businesses. Both of these buildings...
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Here is a new listing that I am happy to post at Calgary.
Fully Built Out and Equipped 1700+/- SqFt Restaurant Space for Lease
This is a vacant restaurant space that is ready for your concept, just a quick make over and you are in business. The space was completely renovated less than 18 months ago, and it was VERY well done. There is no venting in the kitchen, and it is not feasible to install without a large cost, so this will need to be a concept with no “grease laden vapor”.
Some of the focal points are;
The area is very busy with traffic at all times of the day and night, this is a great opportunity in one of Calgary’s most vibrant communities. It was also previously licensed for Liquor with the AGLC
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
- Supporting our employees
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: email@example.com P: 403-568-4341
For employers, we are getting more detail on the payroll subsidy:
For those who were considering using the job-sharing option, this is now, for most businesses, a better option.
Next Steps: I have started building detailed 90-day business financial plans for some of you. This provides a specific list of actions based on your own financial P&L statements that includes estimating the impact of using the government programs and includes a list of other actions you can do to help your business weather the storm. If any of you are interested in having this done for your business, contact me.
If any of you will need a business loan to survive a prolonged event, but would not otherwise qualify for a loan, there is money available from the government. https://www.bdc.ca/en/pages/special-support.aspx.
Small businesses with a payroll between $50K to $1M should look to the Canada Emergency Business Account https://www.canada.ca/en/department-finance/news/2020/03/additional-support-for-canadian-businesses-from-the-economic-impact-of-covid-19.html As described in my emails last week, this if interest-free, $40,000 where you can be forgiven up to $10,000 if you pay it back before the end of 2022.
Here is a description of the application process and the questions you will likely be asked https://www.krp.ca/lending-rules-for-bdc-covid-19-relief-program-take-shape
This is the last week you have to re-plan your businesses for the next 2-3 months to stay in front of the situation. If you don’t know what you need to be doing and how much of it you need to be doing, please contact me. I want to see you all survive this event as best as possible!
Next 2 weeks, the focus will need to shift to full-implementation of that plan and start looking for short-term business opportunities with customers who are less impacted by COVID-19. This is a very tactical that looks a lot like war-time situation management. Even with a plan, the situation going forward will be fluid (some good, some bad).
Later in April, your planning will need to focus on re-positioning your businesses to be ready to sling-shot out of this event!
Please continue to pay strict attention to all of the hygiene/safety recommendations and emotional/mental health issues discussed here over the past two weeks! Let’s do everything we can to keep our employees, customers, suppliers an colleagues healthy so we can all get back to work faster!
Pete Baran | 403-973-3531