Quote:
Originally Posted by whitev70r
Like what kind of small business are you in? How is this affecting you? Will this make you go out of business? Are you able to retool?
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Clearly you know nothing about small businesses. Let me educate you. Many, if not most, small businesses are dependent on each other.
My client is a fashion wholeseller/distributor. They bring in the goods on the basis on a contractual agreement that their retailers will buy the goods upon delivery date. It is now delivery date, and retailers are closing left, right and centre. Retailers can't afford to bring in new goods, let alone keep their doors open with the huge decrease in revenue in the last couple of weeks. No one is shopping right now - foot traffic is basically non-existent. It can be said that those retailers could have and should have switched to an online retail model to retain some form of sales - but that requires an investment in a model they have no clue about. Most of these retailers are in a small town and owned by senile fucks who say "i've been in business for 25 years..." yada yada ya.
So because retailers have no source of revenue, they can't bring in goods. Therefore my client is fucked, who has to layoff some people and can no longer pay MY COMPANY to do marketing and bookkeeping. So I'm fucked out of a form of business revenue as well.
I have so many clients that have no sales and since my business is dependent on them having money to pay me in the first place - I'm hooped too. I'm not going to go around continuing to do work, hoping they pay me. Service work isn't something you can hold on to as hostage so they'll pay.
Do you see how everything is interconnected? Most businesses in Canada are small businesses. We're all fucked. If you've been living a cushy corporate job without having to worry about managing your own business, sit the fuck down and shut up. Unlike you, us small business owners don't get paid to clock in and do jack all.
Quote:
Originally Posted by Manic!
Yes, family has had a business for 30 years.
A pizza franchise down the street closed its doors. That's 15 plus people not working including many kids who were saving for college. I would rather have the government pay the business to stay open and keep those 15 people working until the economy gets better than have them on government assistance.
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Quote:
Originally Posted by welfare
you should hire those 15 plus people.
Be an example, Manic!  |
No one can afford to hire an extra 15+ people right now, in the current environment. The good thing is that with government help businesses can afford to keep their staff on payroll for a little longer. Under the Canada Emergency Business Account, businesses are offered a $40,000 loan, with $10,000 forgiven provided that the money is returned by Dec 2022. Further with that, the government is offering a 75% wage subsidy to be deducted from payroll remittance.
In short, take the 40K, take the 75% wage subsidy, and pay your existing employees. However, I doubt Manic can afford to take on more employees with such a shortage of business (revenue).