Save Your Small Business Now (Must-Watch) [Video]

🍄 Here’s why your small business is struggling to grow right now. It’s no secret, yet nobody is talking about these key factors right now, which are limiting your business’ growth.

💸 Year-over-year, many businesses have had their margins squeezed, expenses go up, and diminished return on their marketing spend, due to increased competition and a smaller pool of customers ready and willing to invest in their services, since they are less able to afford them.

🥵 Restaurants, Real-Estate and related industries, as well as many other sectors that offer commoditized products and services, have experienced challenges, including less customer consumer demand.

🤯 Increases in inflation, interest rates, rents, transportation costs, materials costs, the cost of labour, as well as an overall challenging macro-economic factors, combined with an uneasy geo-political situation, have all contributed to the current state of affairs.

☠️ Government-reported Record Insolvencies (January 2024 highlights):
https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/statistics-and-research/insolvency-statistics-canada-january-2024-highlights

☠️ Small Business Optimism Index (NFIB):
https://www.nfib.com/surveys/small-business-economic-trends/

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The question is, what can you do to counter this difficult situation and continue to thrive?

Let’s talk about it!

Share this video with any fellow business owners who are currently struggling.

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