Ottawa Valley Business

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INSIDE THIS ISSUE:

Happy Small Business Week
Government decides to keep original election promise
An election promise the Liberal government made, then broke once elected, is now back on the table. The 10.5 per cent small business tax rate will drop to 9 per cent. The reduction has been legislated by the previous Conservative government. The cut will occur by 2019.
LINK:  Business Development Bank of Canada
LINK:  CBC News: Small Business Tax Rate Changes
LINK:  The Globe and Mail: Liberals to Cut Small Business Tax
LINK:  Financial Post: Liberals To Cut Small Business Tax

40% of Entrepreneurs Will Retire In 5 Years
More than half will transfer business outside of the family

Canadian business owners expecting to sell their business within the next five years could do more to spruce up company value, according to the Business Development Bank of Canada’s (BDC) study on business transitions.
LINK:  BDC: The Coming Wave of Business Transitions in Canada
LINK:  BDC: Free eBook on Business Transition Planning
LINK:  BDC: Why Business Transitions Often Fail

Algonquin College Faculty On Strike
Union wants profs to control academics

Across Ontario, college faculty are striking in hopes of obtaining more job security and academic freedom. The faculty is represented the Ontario Public Service Employees Union (OPSEU). Specifically, the faculty have three “critical” issues.
LINK:  Algonquin College Strike Info
LINK:  OPSEU Strike Info
LINK:  Toronto Star: Ontario Colleges Preparing For A Long Strike

County Wants To Manage Ottawa River
Petawawa Mayor Bob Sweet wants the County of Renfrew to become the “Managing Body” of the Ottawa River, and for Sweet’s Development and Property Committee become the “River Manager.”
LINK:  County of Renfrew
LINK:  Canadian Heritage River System Principles, Procedures and Operational Guidelines 2016
LINK:  Ottawa Riverkeeper
LINK:  MP David McGuinty

Book Club: Think Smart Run Hard
By: Madonna King

Maxine Horne knows the road to success. She was born in Struggle Street in the United Kingdom, and now lives in Millionaire’s Row in Australia. Along the way, she’s learnt every tip you need to make a success of your own business. Through smart thinking and hard running, Maxine has been instrumental in building telecommunications giant, the ASX-listed Vita Group Ltd, which runs 100 Telstra stores, and a family of offshoots.

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Marketing: Things Change; Things Stay The Same
Advertising is, and always will be, about people

Advertising is something that many businesses struggle to do well. Every medium (ie: newspaper, radio, online) has its own strengths and weaknesses. The sales reps have a job to present their case to you on why their option is best: paid print circulation, daily reach, impressions, etc. And this leaves the business owner to decide which sales pitch aligns most with how they think. But here’s the problem – the business owner isn’t the customer.

LINKS WE REFERRED TO IN OVB:


Our Regular Features

Business News
News briefs throughout the region.
People on the Move
New hires, retirements & achievements.

Events Calendar
Business events.
More events here
Tenders
Tenders and results.
More tenders here

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