The economic foundation in Niagara remains solid and is positioned favourably compared to the rest of Canada, says the Region s manager of economic research and analysis after looking at the consumer price index (CPI), gross domestic product (GDP), salaries and wages, income, housing prices, retail sales, investment in building construction, international trade, business counts, and labour.
Three ways SMEs can continue networking during lockdowns
A woman looks at her phone screen while working from her computer. Source: Unsplash/Bruce Mars.
As Sydney navigates through another week of lockdown 2.0 (3.0 if you’re in the Northern Beaches), Melbourne ensures its extended fifth lockdown and South Australia continues through a week-long snap lockdown, the feelings of ‘here we go again’ are high for small businesses.
Although we don’t have the JobKeeper scheme to fall back on this time, the governments are working together to help people maintain some form of income whilst the stay-at-home orders are in place.
Business groups issue succession planning guide
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The SME ombudsman has released a new online guide to succession planning, which includes tips on how to handle family conversations during the transition phase.
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and Family Business Australia (FBA) have released an online guide to business succession planning.
The
Introductory Guide to Family Business Succession Planning – which has been co-produced by FBA and the ASBFEO office, provides a step-by-step guide to passing the family business on to the next generation, the ombudsman and FBA said.
According to the groups, the guide has come after the latest available data from KPMG on the subject showed that just 17 per cent of Australian family businesses have a unifying plan for the business’s future.