Tag: small businesses

250K Canadian small businesses risk closure as CEBA deadline looms

The Canadian Federation of Independent Business (CFIB) is sounding the alarm as the deadline for repaying Canada Emergency Business Account (CEBA) loans gets closer.

CEBA was a financial assistance program introduced during the pandemic to help small businesses stay afloat with loans of up to $60,000. The deadline for paying off this loan is December 31, 2023.

“For eligible CEBA borrowers in good standing, repaying the balance of the loan on or before December 31, 2023, will result in loan forgiveness of up to 33% (up to $20,000),” reads the CEBA website.

The CFIB says that this deadline must be

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Small Business – The Roanoke-Chowan News-Herald

NEW YORK, June 10, 2023 /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Canopy Growth Corporation (“Canopy Growth” or the “Company”) (NASDAQ: CGC) and reminds investors of the July 24, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi Logo (PRNewsfoto/Faruqi & Faruqi, LLP)

If you have suffered losses exceeding $100,000 investing in Canopy Growth stock or options between May 31, 2022 and May 10, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partners Josh Wilson directly

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New Data from Block Advisors Reveals Small Business Owners

KANSAS CITY, Mo., May 23, 2023 (GLOBE NEWSWIRE) — In recognition of Small Business Month, Block Advisors by H&R Block (NYSE: HRB) has released data¹ revealing that today’s small business owners are younger and more diverse with clear motivations for pursuing their business ventures. And, despite operating in an uncertain economic environment, small business owners report that the last three months have yielded solid performance, with more than 80% showing high confidence in carrying out day-to-day business tasks. These include billing and accounts receivable tasks, payroll, and timely invoicing – all required for running successful businesses, big or small.

“It’s

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A US debt default could crush small businesses. So what can we do? | US small business

Qhe US is caring towards a debt crisis the likes of which we haven’t seen since 2011 when Barack Obama faced off against the Tea Party. No one knows for sure if the federal government is going to default on its debt by the end of this month. But if Democrats and Republicans can’t agree on a compromise, it will have an enormous impact on small businesses around the country.

Some 65% of small businesses believe they would be negatively affected by a default, according to a recent report from Goldman Sachs. This is very bad news. Small businesses

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6 Ways Entrepreneurs Can Use ChatGPT to Save Time

Opinions expressed by Entrepreneur contributors are their own.

Small businesses have always had the challenge of competing with large corporations that have practically unlimited resources. Fortunately, new technologies are emerging that are leveling the playing field. Entrepreneurs can now leverage tools like artificial intelligence to amplify their businesses’ capabilities and productivity without adding significant amounts of capital or overhead. Released by OpenAI in 2022, ChatGPT is one of the most cutting-edge and accessible AI on the market. Here are six ways entrepreneurs can use ChatGPT to save time — and money.

Related: I Use These 5 ChatGPT Hacks to Cut

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The Major Benefits of Social Media for Small Business Owners

Opinions expressed by Entrepreneur contributors are their own.

Small business owners know the only constant in life is change. Technology has evolved with the times, changing business practices and even what it means to be an entrepreneur. When it comes to selling products or services, it’s hard to turn a blind eye to the benefits of online platforms like social media. While beginners might be intimidated by the algorithms and formulas of Instagram, TikTok, or Facebook at first, learning to harness the power of your digital presence can lead to long-term success.

Crystal Vilkaitis, owner of social media strategy company

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How Thinking Small Will Grow Your Small Business

AsiaVision / Getty Images

AsiaVision / Getty Images

Many small-business owners are taught to think big. How quickly can they scale the business? How soon can they start hiring employees? When can they expand to more locations?

See: Why Stealth Wealth Is the Best Way To Handle Your Money
More: How To Build Your Savings From Scratch

Before you start daydreaming about an overnight success narrative involving a massive global footprint, pause and focus on this moment. Entrepreneurs, and lean and bootstrapped small businesses, are advised to think small and reap the benefits that come with adopting this mindset.

Here’s how thinking small will

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Mental health of small business owners declining says new report

Canadian entrepreneurs’ mental health has declined “significantly” over the past year amid rising costs and poor work-life balance, suggests a new report by the Business Development Bank of Canada (BDC).

The Crown corporation’s survey of some 1,500 small business owners found roughly 45 per cent of respondents reported feeling mental health challenges at least weekly, up seven percentage points from the previous year.

As well, more than half of the entrepreneurs surveyed cited inflation as a source of stress. A similar proportion, roughly 54 per cent, indicated a poor work-life balance was leading to negative mental health outcomes.

“Canadian entrepreneurs

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