January 15, 2024  by

MEDIA: CBC News Network Weekend Business Panel (January, 2024)

Pleased to join the CBC News Network Weekend Business Panel, alongside Mark Warner and Marianne Dimain, talking the CEBA repayment deadline, Hertz selling one-third of its EV fleet, and the SEC’s bitcoin decision; you can watch our segment here.

New year, new approach!  Going forward, my blog posts on media appearances will feature one “business advisor highlight” related to our discussion.  For this segment, the highlight is something that is straightforward, but very important:

If you’ve never run a small business or been in business for yourself, chances are, it is much more difficult than you realize.  Although some might be wondering why some small businesses are not currently in a position to repay their CEBA loan, it is important to recognize that many are facing a “snowball” effect of inflation, high interest rates, supply problems, and an ongoing tight labour market.  These factors combine to make generating revenue (and cashflow) much more difficult, which means that money simply doesn’t go as far as it used to.  When small businesses can no longer afford to operate, jobs are lost, which has a tangible impact to the local community.  When closures accumulate, the economic and employment impacts can be very significant.

Thanks for watching!

Jenifer Bartman
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