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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...
More...

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

Here Is A New Listing That I Just Posted At 110 Main AV W in Sundre

 


Here is a new listing that I am happy to post at 110 Main AV W in Sundre.

Three separate Retail bays of varying size for lease in Sundre, AB

Located in the middle of downtown Sundre with great visibility on Main St W (Hwy 27), with a daily traffic of over 20,000 vehicles. This is a modern, well maintained building that was built in 1991.

There are 3 individual bays easily suited for Restaurant, Retail or Office available for lease;

  • 951sqft, 
  • 1921sqft 
  • 3638sqft.(Restaurant with Driv-Thru)

Each bay's utilities are separately metered and has their own independent HVAC System. Each Tenant has a spot on the free-standing pylon sign next to the road. The parking lot is easy access and has 45 shared stalls.

The larger space is a recently closed restaurant with an approved drive-thru and a fully vented kitchen. There is also a current Approved DP for Cannabis in one of the units. Lease rate is negotiable based on the type of business and the Tenants covenant.

Tens of thousands of people come through Sundre every summer on the Cowboy Trail, and the area has a booming Tourist trade. The Population Demographics and Economic Overview are available for review.

Suggested Blog Articles

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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COVID 19 - The Emerging "Stress Factor"

In talking to many of you this week, the number one emerging issue is stress.   The rapid rate of change being imposed on us, our employees, suppliers and customers is unprecedented.  The uncertainty regarding our health, both physical and financial, stemming from a dangerous virus racing around the globe is overwhelming many people.


The result is often emotional – anxiety, fear, and depression.  This in turn impacts morale and mental health, both yours and everyone you work with – the ones working on-site, the ones working remotely and the ones now on EI waiting to come back.


They need your leadership.  This is not the zombie apocalypse because we can do a lot to get this under control.  Four things to consider:


  1. Calgary and Edmonton are very different from New York or Milan who have 7.5-10,000 people per km2.  We have only 1,300 (natural advantage in physical distancing).

  2. Calgary and other Albertans are generally following physical distancing and self-isolation, except for a few ass-hole snow birds who now face fines of up to $750,000 and 6 months in jail if they don’t go straight home and self-isolate (today’s news).

  3. Alberta has been aggressively testing our people at four times the rate of Quebec.  We got ahead of this thing early.

  4. Toilet paper is on it’s way.  They are making more.


Human beings are hard-wired to be social. Remember to reach out to a friend, colleague, employee, customer or supplier to see how they are doing (phone, text, facetime, video meetings, email even).   There is no reason physical distancing needs to become human isolation. 


Here are three resources to help you deal with stressed out employees, colleagues, suppliers and customers.  More in the coming days:


  • Calgary Chamber of Commerce Webinar:

Employee Morale: Mental Health & Resiliency for your employees
Friday, March, 28, 2020 11:00 MST
Nicolas Beique, Helcim and Usman Tahir Jutt, Chirp Foods Inc. — O/A McDonald’s Restaurants of Canada Limited, will discuss how to build resilient employees and support mental health through a crisis.



"When you come to the end of your rope, tie a knot and hang on."

Franklin D. Roosevelt


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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