Tag: small business insurance

Quebec small businesses raising prices to fight inflation

A large proportion of Quebec small businesses (SME) still say they have to raise their prices to fight inflation, according to a new study by the Canadian Federation of Independent Business (CFIB).

The survey, published Monday, compares results from January with those from the same period in 2022.

It reports that nearly two-thirds of executives surveyed last month say they are experiencing significant impacts from inflation, up four points from a year earlier.

To cope with the inflationary environment, 73 per cent said they would have to raise prices, a similar proportion to 2022.

However, the survey shows that more

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Nearly a quarter of Alberta small businesses at risk of closure: CFIB

New data from the Canadian Federation of Independent Business (CFIB) shows many Alberta small businesses have worsening optimism ahead of the new year, while nearly a quarter are risky closure.

According to the CFIB’s small business recovery dashboard, 24 per cent of small Alberta businesses are at risk of closing their doors — the highest in the country.

Manitoba followed Alberta with 20 per cent of its small businesses risk closure, followed by BC, Ontario and PEI at 19 per cent.

CFIB Alberta director Annie Dormuth told Global News the retail, agriculture and construction sectors have felt the biggest impacts.

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Experts predict trends and challenges

By Rieva Lesonsky

Many small business owners expected 2022 to be a year of recovery after two years of struggling to survive a global pandemic. But inflation, fears of a recession, a still unreliable supply chain, and a nation at nearly full employment resulting in a tight job market all grew large, dampening many of our goals.

As we enter 2023, the outlook seems somewhat brighter for small business owners. I talked to several small business experts to get their advice, insights and predictions

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DoD releases Small Business Strategy > Air Force > Article Display



WASHINGTON (AFNS) —

The Department of Defense released its Small Business Strategy Jan. 26. The strategy promotes a strong, dynamic, and robust small business industrial base by focusing on reducing barriers to entry, increasing set-aside competitions, and leveraging programs to grow the industrial base.



“From manufacturers providing the critical parts that we need for our arsenal – to technology companies developing innovative systems and capabilities – small businesses are vital along the entire spectrum of the Department’s needs,” Deputy Secretary of Defense Dr. Kathleen Hicks said. “Reducing barriers and creating more opportunities for small businesses

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BBB: Advertising ideas for your small business | business

With so many small businesses emerging every day, it can be challenging to stand out from the competition and attract consumers’ attention.

As a small business owner, you likely already understand the importance of promoting your business, but you may not know where to start or how you should be investing your advertising dollars.

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4 Things All Small Business Owners Should Know in 2023

Opinions expressed by entrepreneur contributors are their own.

The beginning of a new year often comes with a laundry list of goals and to-dos, which can quickly become overwhelming if you try to tackle too much, too fast. I’ve always approached resolutions by setting short and long-term goals spanning the entirety of the year — after all, we have 12 months to accomplish our goals, and there’s a reason they’re not called January Resolutions.

Now is an important time for business owners to reflect and set a course for the year ahead, but it’s easier than ever to get bogged

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Have a Small Business With a Partner? Key-Life Insurance Needs to Be a Top Priority

One woman packing clothes into shipping boxes while the other checks her laptop at a table in a clothing store storeroom.

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 with one or more partners, what should be your priority? Making sure your operating agreement is set? yourbudget? your business plan? While these are all important, many business partners don’t realize that key-life insurance should be at the top of your priority list. This type

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US small-business sentiment skids to a half-year low

(Reuters) – US small-business confidence slid to a six-month low in December, according to a survey on Tuesday, which also showed that inflation and worker shortages remained major issues for firm owners.

The National Federation of Independent Business (NFIB) said its Small Business Optimism Index fell 2.1 points to 89.8 last month – the lowest since June – amid a decline in the share of owners who expected better business conditions over the next six months.

It was the 12th straight month that the index was below the 49-year average of 98. The net share of owners expecting better business

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