Federal budget addresses some top concerns of small business

Small and medium sized businesses https://www.doloresnet.com account for more than 50 per cent of Canada gross domestic product, according to the canada goose outlet cheap government of Canada, employing more than 7 million people across the country. That why we call them the canada goose jacket outlet uk backbone of our economy and that why we need to prioritize their needs when we plan for canada goose mystique uk the future. Has the 2019 federal budget considered what our entrepreneurs needs to keep growing, canada goose outlet calgary prospering and creating more jobs?EY Canada’s 2018 Growth Barometer surveyed small business owners and ranked several challenges standing in the way of their success. Insufficient cash flow topped the list. This speaks to the challenges of the transformative age we live in, where industries are converging, sales cycles are shifting and consumers have abandoned brand loyalty.To respond to these fast paced changes, companies are being forced to be agile in their business investments. They need to be able to pivot on their strategy on a drop of a dime, and that requires some extra cash.Liberals canada goose outlet woodbury have a $1.7 billion canada goose outlet kokemuksia plan to send Canadian canada goose parka outlet uk workers back to schoolThe lack of tax cuts in the budget isn directly going to help small business owners in the cash flow department, but the government canada goose outlet is taking various measures to help companies address the other two stand out challenges canada goose outlet washington dc for small businesses: the lack of skilled talent and the impact of technological disruption.There a known skills imbalance in Canada, where employers are starved for talent well versed in the latest technologies such as Artificial Intelligence (AI), data analytics, blockchain and others.Canadians are twice as likely as their peers in the rest canada goose shop regent street of the world to say that widening the skills of current canada goose chilliwack black friday staff is the best way to improve productivity. Our C suite rates higher investment in education as one of the top three ways for government to boost growth and, in the budget, the government canada goose stockists uk said that what it intends to do.Finance Minister Bill Morneau is earmarking more than $1.7 billion for skills training programs, including a new non taxable credit to help pay for training fees. The Canada Training Credit provides $250 a year that can accumulate to help pay for future training up to $5,000 over a person career. It aimed at getting adult aged Canadians back to school to bolster their skills, canada goose victoria parka outlet or canada goose uk sale asos to learn new ones in the midst of vast technological advances and hopefully help fulfill the needs of employers for skilled workers.It not a game changer, but this program is a move in the right direction.The budget also proposes to invest $35.2 million over five years to give businesses access to top global talent when there a dearth of qualified Canadian workers this access can help Canadian businesses stay competitive globally.Technological disruption is also creating new challenges for small business owners one of them being cybersecurity. Many entrepreneurs lack the capital or operational structure to enhance their cybersecurity effort. That a serious issue when these canada goose outlet london companies experience growth and are unable to scale up their existing protections. The government is providing $80 million over four years to support Canadian cybersecurity networks to expand research, development and commercialization partnerships, and to increase the pipeline of cybersecurity talent in Canada. This could generate opportunities for entrepreneurs to step up their efforts.There also the cheap canada goose promise of Canada wide high speed internet access by 2030. This initiative could have a big impact on small business owners in rural areas, could open up new opportunities in the e commerce sector and allow businesses to access previously untapped customers. Time will tell whether these are enough to support the growth canada goose fleece uk of our entrepreneurs and small business owners.