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May 28, 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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Latest Posts

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

May 28, 2020
Here Is A New Listing That I Just Posted At Rural Rocky View MD, Rural Rocky View County


Here is a new listing that I am happy to post at Rural Rocky View MD, Rural Rocky View County.
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Here Is A New Listing That I Just Posted At 108 8400 Blackfoot TR SW in Calgary


Here is a new listing that I am happy to post at 108 8400 Blackfoot TR SW in Calgary.
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Here Is A New Listing That I Just Posted At 64 7930 Bowness RD NW in Calgary


Here is a new listing that I am happy to post at 64 7930 Bowness RD NW in Calgary.
Land,...
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Here Is A New Listing That I Just Posted At 5019 1 ST NW in Calgary


Here is a new listing that I am happy to post at 5019 1 ST NW in Calgary.
Huge opportunity!...
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Here Is A New Listing That I Just Posted At 2732 BRENTWOOD BV NW in Calgary


Here is a new listing that I am happy to post at 2732 BRENTWOOD BV NW in Calgary.

Rare...

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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 #.
Get Into Your Own Space With Great Rent!! When you run your own catering business, controlling cost is SO important. This is one of the best opportunities I have had in a long time for a young caterer to get out of their house, and own a fully licensed facility. You can either continue with the current name which has been in operation for over 17 years or you can just put your name on the sign and start making money. Inside, you will find a fully operational and equipped commercial kitchen, full venting with fire suppression, washrooms prep area and storage. There is parking out back for a food truck or delivery vehicles, as well as parking for staff and customers. It is a VERY short drive to the Downtown core, so transport is not an issue....
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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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Suggested Blog Articles

Here Is A New Listing That I Just Posted At 2732 BRENTWOOD BV NW in Calgary


Here is a new listing that I am happy to post at 2732 BRENTWOOD BV NW in Calgary.

Rare opportunity to own a six-plex in the sought after community of Brentwood.

Located just minutes from Foothills Hospital, the University of Calgary and only steps from the C-train and numerous restaurants and amenities of Brentwood Village Shopping Center.

Three units on the upper floor and three on the lower all accessed by common hallways. (3 two-bedroom units and 3 one-bedroom units) Common laundry is located in the basement. Six assigned parking stalls in the rear with additional street parking out front.

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Here Is A New Listing That I Just Posted At 5019 1 ST NW in Calgary


Here is a new listing that I am happy to post at 5019 1 ST NW in Calgary.
Huge opportunity! Solid bungalow located in the northwest community of Thorncliffe on a large lot with west facing backyard. The upper level features two bedrooms, main four-piece bathroom, kitchen, dining, and living room. Large windows allow for loads of natural light. Hardwood floor throughout the main level. The partially developed basement is divided up into a rec-room, potential den or home office, storage room, and laundry room. Rear deck overlooks the large west facing rear yard. Carport parking is accessed from a front driveway. Ideally located steps from multiple schools, numerous parks, multiple amenities, public transit, and only minutes from the downtown core. This property requires some TLC but is perfect for a homeowner, renovated or investor, view it today.
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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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