Toronto, January 10, 2023 – Over $2 trillion in business assets could change hands within the next decade as over three-quarters (76%) of small business owners are planning to exit their business, according to a new report by the Canadian Federation of Independent Business (CFIB). Retirement is the top reason business owners are cited for…
Category: Small Business
Canada faces mass exodus of small business owners
Most business owners (75%) cite retirement as the reason for leaving their business, while a smaller number plan to leave because of stress, to step back from their responsibilities as an owner, or to move to another business venture, the report found. When it comes to how owners intend to exit their businesses, the most…
SBA Updates Certification Process for Veteran Owned Small Businesses
The Small Business Administration (SBA) Final Rule on Veteran-Owned Small Business (VOSB) and Service-Disabled Veteran-Owned Small Business (SDVOSB) Certification (the Final Rule) takes effect on January 1, 2023. The majority of the changes made by the Final Rule will be implemented through a new regulatory section in SBA’s regulations, which will be located at 13…
Canadian workers could see up to $305 drop in pay in January
In less than two weeks, Canadian workers could notice up to $305 less on their annual take-home pay. Thanks to an increase in payroll deductions beginning in 2023 (yes, that’s in 11 days), every employed Canadian will see their paychecks impacted, even if their employer decides to make up the difference, said the Canadian Federation…
9 Ways To Grow Your Small Business Through Social Media Marketing
Opinions expressed by entrepreneur contributors are their own. Small businesses have increasingly relied on social media marketing to reach customers, create brand awareness and drive sales over the past decade. Whether you’re just starting or have been in business for years, social media marketing can help your small business reach its full potential. You don’t…
Have a Small Business With a Partner? Key-Life Insurance Needs to Be a Top Priority
Image source: Getty Images Key-life insurance can protect your small business partnerships. Key points Key-life insurance policies pay out benefits in the event that one of the owners of a business dies. This also allows for a smooth transition of ownership in the event of disability or critical illness. If you run a small business…
Free Online Coaching Clinic – PHE America
To Register for FREE: https://forms.gle/WAzijkF4qMmxcdCC6 Don’t miss Georgia Southern Coaching Education’s next FREE online coaching clinic on Thursday 1/19/23 at 7pm eastern in partnership with the Minority Coaches Association of Georgia. SPEAKERS & TOPICS: SaJason FinleyMS, SCCC, USAW-II, RPR-I, FMS, PN-IRole: Head Strength and Conditioning Coach at Central Phenix-City HSTopic: 4 Pillars Mindset, Movement, Nutrition,…
Third of Vancouver small business’ inventory stolen in parkade break-in
A Vancouver small business owner says one-third of her inventory was stolen from her car in a parkade break-in on New Year’s Eve. Elaine Li is a model, influencer, and owner of Livelite Athletica — an activewear brand she designs herself. Li had packed a suitcase full of pieces for an upcoming trade show and…