Tag: small business information

Texas Governor honors Vicksburg native as Small Business Person of the Year – The Vicksburg Post

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Small Business
Texas Governor honors Vicksburg native as Small Business Person of the Year Published 2:32 pm Wednesday, January 25, 2023 Texas Gov. Greg Abbott, center, presents Vicksburg native Tim Porter with the National Small Business Person of the Year Award. (Photo Submitted) Vicksburg native Tim Porter, now a resident of San Antonio, Texas, was presented the National Small Business Person of the Year Award by Texas Gov. Greg Abbott this past October. Porter is the founder and CEO of Appdiction Studios, LLC, a business that develops apps, including one for students to report acts of aggression. He was also presented with…

Opinion: Repaying pandemic loans adds to small businesses’ struggles – one in five will shutter

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Small Business
Open this photo in gallery: Two takeout shops in the food court at Brookfield Place in downtown Toronto, are shuttered on Sept. 16, 2020. While small-business owners might have thought that they had reached the surface with the end of the pandemic crisis, they are still treading water in increasingly tough economic times.Fred Lum/The Globe and Mail Jasmin Guénette is vice-president of national affairs at the Canadian Federation of Independent Business. Christina Santini is a senior policy analyst at CFIB. The Canada Emergency Business Account (CEBA) loan was a lifeline for numerous small businesses during the pandemic. Many would have…

This CEO wants small business owners to ditch the receipt shoebox

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Small Business
To Xero CEO Sukhinder Singh Cassidy, small business owners are among the biggest hustlers in the world — who also happens to be incredibly paranoid about anything going wrong. They have good reasons to be. The margins in a gas station, convenience store, or — in the case of Singh Cassidy’s parents — a medical practice aren’t always high. Recruitment is always a struggle. And when sales are down, many small business owners can’t turn to venture capital or a well-timed merger to bail them out of trouble. “They live and die by cash,” Singh Cassidy explains. As such, he…

Will reduced Mastercard, Visa credit card fees help NS small business?

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Small Business
Small business owners in Nova Scotia are voicing mixed reactions to the federal government’s announcements last week that has been negotiated lower interchange fees which businesses have to pay each time a customer using a Visa and Mastercard credit card. Beginning in the fall of 2024, in-store credit card interchange fees will be reduced from an average of 1.4 per cent to 0.95 per cent, for businesses with less than $300,000 and $175,000 in annual Visa and Mastercard sales respectively. Shop owners across the country have complained for years that high credit card fees have hurt them. Research by the…