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covid-19

Throughout the COVID-19 Pandemic, I have been thoroughly impressed with our government’s responsiveness. Not only are they developing these programs quickly, but they are rolling them out in a very organized fashion.

Because we work with so many entrepreneurs and small businesses, we wanted to put together this COVID-19 Cheat Sheet of Programs available to Small Businesses. We will continue to update this article as more information is released by the applicable governing bodies.

Main COVID-19 Programs Currently Available to Small Businesses in Ontario:

Canada Emergency Business Account (CEBA)

What is it: Interest-free loans of up to $40,000.

To Qualify: Have paid between $20,000 – $1.5 million in total payroll for 2019.

To Apply: Via your online banking with bank/credit union.

Note: Interest-free if paid back by December 31st, 2022.

Quite a few of our clients have applied and been approved for this program. It’s a great relief to have peace of mind and use this when absolutely necessary to keep things moving smoothly and stay afloat. The application process is simple. Log into your normal online banking and there will be an intake form to complete. Once approved the money will deposited into our account within 5 business days.

We recommend keeping a detailed excel document of any uses of this loan, and then creating a payment plan based on when things get back to normal. Ensure you pay back and loan amount by December 31st, 2022 to avoid any interest payments. If you do that you may also be eligible for up to $10,000 in loan forgiveness.

Canada Emergency Wage Subsidy (CEWS)

This is an incredible effort to keep as many people employed as possible during COVID-19. The responsibility is still on the employer to provide a safety compliant workspace for the employees.

What is it: Subsidy covers 75% of an employee’s wage up to $847/week.

To Qualify: Your business must have suffered a drop in gross revenues of at least 15% for March and 30% in April & May.

To Apply: Apply via your CRA Business account on April 27th.

Note: Be ready to apply; calculate how much you’re eligible for via the CRA website: https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy/cews-calculate-subsidy-amount.html

We have a few clients who are eligible for this wage subsidy program, Rosewood included. It’s a good idea to use the calculator now so you are prepared for a quick and easy process on April 27th.  You will need to have copies of your payroll statements or your T4’s for individual employees.  It also takes into consideration whether you are an “arms-length” employee or not, meaning if you are related to the business owner.

Canada Emergency Commercial Rent Assistance (CECRA)

Small business owners with brick and mortars have been begging for this program. We have signed petition after petition to have this program made available. Without this, it would be the demise of main street businesses across Canada.

What is it: The Canadian government is partnering with provinces to provide a subsidy program for commercial building owners. The business owner pays 25%, the building owner pays 25% and the federal and provincial governments split the remaining 50%. This in effect will lower rent by 75% to commercial small business tenants. It also includes a moratorium on eviction during COVID-19.

To Qualify: The building owners must give their renters a 75% reduction in rent for May and June.

To Apply: The Canada Mortgage and Housing Corporation will administer and deliver the CECRA via a rent forgiveness program. Forgivable loans will be dispersed by the mortgage lender. Application details are coming soon and we will update here.

Note: We will update this post once more details are made available. More information is available here: https://pm.gc.ca/en/news/news-releases/2020/04/24/prime-minister-announces-partnerships-provinces-and-territories

We’re trying our best to stay up to date with details on these programs available to entrepreneurs and small businesses in Ontario during COVID-19. We will continue to update this article as new details are released regarding these three programs.

Let’s Connect

Rosewood is a full-service digital marketing agency outside Toronto dedicated to helping entrepreneurs and small businesses grow their online presence. We work with clients across North America and Europe to identify, strategize and reach their marketing goals!

You can join the conversation online on InstagramFacebook and LinkedIn. Or contact us to chat about your marketing goals for 2020 or to discuss how Rosewood can assist you in building your website!

Sign up for our Newsletter to keep up with our latest news!

Until next time,

Deanna Simone

local business networking rosewood va deanna simone

As a small business owner – you know that networking is one of the most important skills that you should learn in order to make your business a success story. Building a successful business takes time and dedication, so it is a great idea to have a network of business professionals to keep you inspired and motivated.

By surrounding yourself with people who share a similar passion and determination, you are more likely to move forward and achieve the results you want. Business networking is a valuable way to expand your knowledge, learn from the success of others, acquire new clients, increase your brand’s awareness, and make friends! 

Rosewood strongly believes in the power of teamwork to successfully reach goals – both personally and professionally. But what’s even more valued, is forming a strong and active LOCAL business network that can help your business grow and flourish in the specific city or region that you serve.

And there are a ton of local business, philanthropic, and interest-based groups to connect with! From “Mom’s in Business” to Green Connections – which supports environmentally and socially conscious business practices.

Rosewood LOVES to Network!

Rosewood is a proud member of:

We also recommend:

Here at Rosewood, we are huge fans of Organic Networking, and just getting out there and meeting people! Selling is typically an afterthought after forming these amazing business relationships.

And one last thing – networking groups take a bit of a hiatus in the summer, but September is just around the corner! Now is the time to check out some of these groups. You can usually attend for free as a guest your first time.

Our Top 5 Benefits to Local Business Networking (not in any particular order!)

  1. Business Opportunities
  2. Valuable Advice
  3. New Clientele
  4. Enhance your Personal Brand
  5. Friendship!

These are just a few of the incredible reasons why local business networking is so important for both your personal and professional growth. Connecting with people who have business experience and share similar interests will undoubtedly help your own brand flourish!

Let’s Connect

Do you have any networking questions or comments to share? Feel free to get in touch with us directly for guidance – we are always happy to help. And of course, we would love to connect with you on InstagramLinkedIn, and Facebook!

Happy Networking!

Ananta

Content Coordinator

Rosewood Inc.

Photo courtesy of Rhonda McNeil of Catch the Brand Photography

5 ways to stay focused this summer rosewood deanna simone

Summertime is officially in full effect – complete with rising temperatures, family activities, exciting trips, pleasant weather, and BBQs with friends. I am sure that almost every business owner can agree – it’s incredibly challenging to maintain the same level of focus on your work during the warmer months.

Let’s be real here – how are you supposed to maintain productivity with so much other stuff going on? That’s where this article can help! By implementing a few simple changes to your routine, you will be shocked at how productive your summers will become! Check out our top 5 summer-specific tips to stay on task below.

  1. Take Breaks Often

Even if you only have 5 minutes to spare, always try to find ways to take a quick break to rejuvenate your mind and body. A few of my favourite tactics include:

  • Going for a walk around the block with my dog
  • Stepping outside and soaking in the sunlight for a few minutes
  • Powering through a quick yoga/pilates session to re-energize the muscles
  • Having a yummy and brain-boosting drink to cool off (my go-to favourites are fresh lemonade and fruit smoothies)
  • Taking a quick, 15-minute nap (if your physical location allows it)

Even just a few moments away from your desk can help put you back into the correct mindset to get things done.

  1. Keep Your Eyes on the Prize

If you have a special event or vacation coming up, remind yourself that keeping your work-life in order will make your time off even sweeter. If you set your priorities straight now and get your work under control before you go away, you will be able to enjoy it even more wholeheartedly. It is always less stressful to leave for a vacation when there isn’t any unfinished work or loose ends to worry about.

Our very own founder and CEO of Rosewood, Deanna Simone, reflects on her recent vacation to Europe – “I took my first vacation in almost 4 years since starting the business. I ensured that I had a team to cover the day-to-day operations and guarantee no fires started. It allowed me to rest and come back rejuvenated and with a renewed passion for my business!”

  1. Don’t Forget to Treat Yourself!

Plan to allow yourself to indulge in something you really love after you’ve completed tiresome tasks. For example, if you need to get through a long day (or week!) of client meetings and tedious paperwork, you may promise to treat yourself afterwards. This could be a trip to the movies, a bubble bath, a night out with friends, a massage, a new outfit, anything goes! Knowing you’ve earned your special treat will make your hard work that much more meaningful.

  1. Limit Time on Social Media

Try your absolute hardest to refrain from scanning the news feeds of your personal accounts until after you have finished your work for the day. When you’re trying to focus on work, seeing your friends vacation pictures won’t help you concentrate on what you need to accomplish.

A big portion of my own job as a social media coordinator, is to tend to the social media accounts of my clients. However, I am consistently working on fighting the urge to take a quick peek on what is happening on the news feeds of my personal accounts until my time is clear to do that.

  1. Find a Change of Scenery

Of course, it is understandable that getting away isn’t always an option. In those situations, consider moving your work somewhere outdoors for a change of scenery. For example, if I’m craving a breath of fresh air, I’ll take my laptop to a nice park, an outdoor cafe, or sometimes even the front porch or backyard will do. Just a simple and temporary change in your physical environment can do wonders for your mood and motivation.

Voila! By taking these 5 tips into consideration, you will quickly realize that summer doesn’t have to sabotage your business goals. You can enjoy what the season has to offer while staying focused on your career—all it takes is a little creativity and self-discipline.

Questions or Comments? Get in Touch!

Until Next Time,

Ananta

Content Coordinator

Rosewood Inc.