What’s In This Email

• Small business priorities must be part of the agenda at COF meeting

• How to start your dream business this weekend

• Have you tried Suvla?

• The Secret’s out! Garden Garden hosts a backyard BBQ every Sunday

• Notable Spotlight: Taste of Edmonton

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Small Business Priorities Must Be Part of the Agenda at the Council of Federation Meeting

Ahead of the Council of the Federation (COF) meeting in Halifax, the Canadian Federation of Independent Business (CFIB) has issued an open letter to provincial and territorial premiers, urging them to prioritize small business concerns in their discussions. With high costs and shortages impacting small businesses, here are four key areas where collaboration could improve economic conditions.

Key Takeaways

• Capital Gains: While the increase in the Lifetime Capital Gains Exemption (LCGE) to $1.25 million is commendable, CFIB is concerned about the overall inclusion rate hike from 50% to 66.7%. Premiers should consider using additional revenues from these changes to decrease the provincial small business tax rate and increase the tax rate threshold.

• Internal Trade: The progress to remove internal trade barriers has been slow. Prioritizing the elimination of these barriers and improving labor mobility through mutual recognition agreements could boost competition and investment.

• Federal Carbon Backstop: The current federal carbon tax system is burdensome for small businesses. CFIB urges premiers to advocate for the elimination of the federal carbon tax and seek alternative solutions that balance environmental sustainability with business viability.

• Construction Mitigation: Infrastructure projects often disrupt small businesses, leading to significant revenue losses and additional expenses. Direct compensation or tax holidays should be considered as part of construction mitigation plans.

Why This Matters: For those involved in small businesses, understanding these priorities is crucial as they directly impact economic conditions and operational viability. The CFIB's call to action highlights the importance of supportive policies that can help small businesses thrive. As premiers meet in Halifax, their decisions could shape the future landscape for small and medium-sized enterprises in Canada, making it essential for these priorities to be addressed.


Read the full article here.

How to Start Your Dream Business This Weekend, According to a Tech CEO Worth $36 Million

Noah Kagan, the founder of AppSumo, recently shared his experience of starting his successful business in just one weekend. With a startup cost of only $60, AppSumo has grown into a thriving company that earned $80 million last year. Here’s how Kagan turned his idea into a reality and his advice for aspiring entrepreneurs.

Key Takeaways:

• Start Small: Kagan launched AppSumo with a mere $60 and a weekend of work.

• Leverage Your Skills: He focused on his strengths in promotion while letting others handle software creation.

• Secure Initial Partnerships: Kagan cold-emailed Imgur’s founder and secured a deal to sell discounted software.

• Utilize Free Resources: He obtained free advertising by connecting with Reddit’s founding engineer.

• Launch Quickly: A simple website with a PayPal button and a domain name was enough to get started.

Steps to Launch:

1. Identify a Market Need: Kagan saw an opportunity to provide software deals to small business owners.

2. Secure a Product: He partnered with Imgur for a discounted version of their service.

3. Get the Word Out: Free advertising and effective promotion were key to early success.

4. Build a Simple Platform: The initial website was minimal but functional.

5. Invest Minimal Funds: The total cost was only $60, proving that significant investment isn’t always necessary.

Why This Matters: Kagan’s story is a powerful reminder that starting a business doesn’t require massive resources or extensive time. His journey emphasizes the importance of leveraging personal skills, securing strategic partnerships, and being passionate about the problem you aim to solve. By dedicating just a small amount of time regularly, you can take control of your future and build a successful venture.

Read the full article here.

@blooryorkville

GRΣΣK street food in the heart of 📍Yorkville 🎥 : @Meghan Wainwright #bytime #yorkville #torontospots #torontolife #yorkvillevillage #yo... See more

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Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.