I read an article a while back about Andy Buyting, a young entrepreneur who, after taking over his parents specialty garden store, successfully ran it to the ground. He then proceeded to rebuild the business step by step. Andy published a book recently about some of the tough lessons he has learned along way. His full e-book can be purchased on his website. However, he is kind enough to provide the first 16 lessons he learned for free. Although the lessons can be applied widely, the book is of particular value to the small independent retailer.
Archive for February, 2009
The Federal Budget was unveiled by the government a few weeks back. A few items of importance to small business owners include:
- An increase of the small business corporate income tax threshold from $400,000 to $500,000.
- A temporary CCA allowance rate of 100% for computers purchased after January 27, 2009 and before February 1, 2011. In addition, there will be an extension of 2 years of the temporary 50% CCA rate for any investment in manufacturing or or processing machinery and equipment.
- Greater access to credit through increasing loan amounts made available by Export Development Canada and the Business Development Bank of Canada.