•   
  •   
  •   

Money 20 per cent of businesses fail during the first year. Here's how to make sure yours isn't one of them

23:16  27 november  2019
23:16  27 november  2019 Source:   inc.com

Alberta's cannabis growers must now pay property taxes to rural municipalities

  Alberta's cannabis growers must now pay property taxes to rural municipalities Commercial cannabis producers in Alberta will have to start paying property taxes, a move being welcomed by Alberta municipalities.  The provincial government announced the change Wednesday at the Rural Municipalities of Alberta convention in Edmonton. Municipal Affairs Minister Kaycee Madu said as of the 2020 tax year, cannabis producers will no longer be classified as agricultural businesses and so won’t qualify for a tax exemption.

20 % of small businesses fail in their first year , 30% of small business fail in their second year After all, opening a small business is a huge risk—you can’ t be sure how your product will evolve About 30% of businesses will survive their 10th year in business . (The most recent data shows that

According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 Your Solution: It’ s pretty simple. Learn how to communicate better. Again, I reference point #1 If they speak Russian, then please stop trying to speak French to them . Listen to the words they use

New ideas with innovation and creativity concept. © Getty Images New ideas with innovation and creativity concept.

Only you can control how you run your company.

What is some good advice for first-time startup CEOs? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.

Answer by Peter Colis, CEO and Co-founder at Ethos Life, on Quora:

Starting a successful company isn't easy - in fact, 20 percent of new businesses fail during the first year, and nearly 50 percent fail by the fifth year. Of course, the market plays a key role in this, and no one has control over that. But you can control how you run your company.

Metro Inc. ends fiscal year with Q4 profit rising 15.4 per cent on higher sales

  Metro Inc. ends fiscal year with Q4 profit rising 15.4 per cent on higher sales MONTREAL — Metro Inc. ended its fiscal year with net earnings rising 15.4 per cent to $167.4 million in the fourth quarter on higher revenues. The Montreal-based grocery and pharmacy chain says it earned 66 cents per diluted share for the period ended Sept. 28, up from 56 cents per share or $145 million a year earlier. Excluding one-time items, Metro earned $174 million or 68 cents per share in adjusted profits, compared with $161 million or 63 cents per share a year ago.Revenues increased 3.3 per cent to $3.86 billion, from $3.74 billion as food same-store sales climbed 4.1 per cent and pharmacy same-store sale were up 3.4 per cent.

Make sure to put your alarm clock on the opposite side of the room, which will force you I know that 96 percent of businesses fail before turning 10. I keep that statistic in my mind each and every day because I Each year you celebrate your business anniversary, your muscles will continue to grow.

But I always tell them that while tax is an important aspect of business decisions, it's only an First , entrepreneurs, regardless of industry, may take the 20 percent deduction if they have taxable Here ' s how to proceed: • Keep well-documented books and records. Be sure to closely review the receipts

Related video: Joe Fresh founder's advice to budding entrepreneurs (Provided by Global News) 

You should have a bias toward action. Work every day like you're going to go broke tomorrow. You can't be stagnant - with your product, team, progress, anything - when building a startup or small business. You have to constantly move forward and never accept the status quo.

It can be easy to let culture fall to the wayside at the very beginning of your business's journey - you may think product and business plan should be the only priority. However, the quality of your team is a major contributor to the long-term success of your company. Who you hire, especially when the company is small, makes a major impact on quality of product, decisions, and productivity. A rule I keep in mind: each team member should be better at their respective function than you are.

SkyTrain workers vote 96.8% in favour of job action but have no immediate plans to strike

  SkyTrain workers vote 96.8% in favour of job action but have no immediate plans to strike SkyTrain workers have voted in favour of job action after months-long negotiations between them and their employer, the B.C. Rapid Transit Company, broke off last week. The vote gives the union the option of taking measures such as refusing overtime or going on strike, but the union has not yet given notice of any disruptions of service."It sends a strong message to our employer that our members are not happy with how the bargaining process has gone through," said CUPE 7000 president Tony Rebelo. "They feel that the employer just hasn't taken this round of bargaining seriously enough.

Here ' s why small businesses fail . Jeff Desjardins At the same time, a company with the right team and product should be able to make swift changes to right the ship from any chronic issues. With the complexity of business failure in mind, here are some of the commonly listed reasons for why

Your globetrotting friends might look like they have it all, but chances are good their luxurious “More importantly, be sure to apply the best advice to your daily life. Few things can land you an increase Clepp notes that the general rule of thumb states you need to save 20 percent of your income to be

In order to retain those experts, maintaining a positive company culture is key. Don't just state your values in your employee welcome packet. Make your company mission clear and embed it in your culture and work often. Your team should feel like they're driving towards a shared goal. One person's success should feel like the team's success.

This question originally appeared on Quora - the place to gain and share knowledge, empowering people to learn from others and better understand the world. You can follow Quora on Twitter and Facebook. More questions:

  • InsurTech: What are the biggest trends in insurtech right now?
  • Leadership: What's the most effective way to train employees to thrive as managers?
  • Insurance: What do people need to know before they purchase life insurance?

Are you on LinkedIn? Follow Microsoft News Canada and keep up with the latest industry news, career, jobs and tech updates. Connect with us now!


Canada's maple syrup production reaches record high while honey output drops .
Canada's maple syrup production reaches record high while honey output dropsStatistics Canada says the maple syrup harvest rose by 34.8 per cent from a year earlier to a record 60 million litres (13.2 million gallons) on higher yields and more taps — despite a cold, late spring in Eastern Canada.

—   Share news in the SOC. Networks

Topical videos:

usr: 0
This is interesting!