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March 30, 2020
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...

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Rob Campbell - RE/MAX Real Estate (Central) : Blog : Latest Blog Posts

March 30, 2020
Covid 19 Payroll Subsidy Info
For employers, we are getting more detail on the payroll subsidy:
https://www.singleton.com/2020/03/co...
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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...

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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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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 #.

WOW Don't Miss This One If You Need A Catering Kitchen!!

This is one of the best deals I have ever had for a catering kitchen. The set up is perfect if you are looking to move your kitchen out of the house and into a professional space. This operation meets all Alberta Health Services requirements and has so much potential to help you grow your business.

There is a fully vented kitchen with MUA, commercial grade stove top and oven as well as fire suppression. You will also find commercial grade dish pit for all your cleaning needs, as well as lots of flatware.

The biggest pluses for this operation is that it is VERY close to Downtown Calgary, the rent is fantastic and the landlord is great!

This opportunity will not last very long, so...

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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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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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Covid 19 Payroll Subsidy Info
For employers, we are getting more detail on the payroll subsidy:
https://www.singleton.com/2020/03/covid-19-the-canada-emergency-wage-subsidy/
  • $847 per employee per week or 75% of up to $58,700 salary, whichever is less
  • Still retroactive to March 15 (so far)
  • Expectation is that you don’t cut employee wages
  • Business must demonstrate/prove a minimum revenue loss of 30%
  • Federal government will be introducing severe penalties for abuse of the program
  • Application process expected to be announced within the next 2 weeks
  • No limit on business size

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
Chief Business Mechanic  |       Blueneck Consulting Inc.
www.blueneck.ca

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