Economic Uncertainty? Here's What Business Owners Must Do cover art

Economic Uncertainty? Here's What Business Owners Must Do

Economic Uncertainty? Here's What Business Owners Must Do

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 Picture this: you're running a business, and suddenly, payments slow down, costs go up, and suppliers stop picking up the phone. What do you do next?That’s the exact question financial expert Eric Sonego from CAPROS helps answer in this episode. Host Bernie Franzgrote of Knack 4 Business sits down with Eric to talk through the most pressing challenge today’s entrepreneurs face: uncertainty.Using simple language, real stories from Canadian business owners, and no-fluff advice, Eric breaks down what business owners should actually do when the economy shifts.From a clothing store trying to manage inventory, to a service provider worried about one big client falling behind—this episode dives into what happens behind the scenes and what proactive leaders must start doing today.Eric shares why late payments are red flags, how to keep CRA happy by staying inside industry benchmarks, and what you must do with that business plan after you hand it to the bank.You’ll also hear about staff strategy, managing supplier relationships, and how smarter inventory decisions could save you from a costly mistake.Whether you’re running a store, building a service firm, or freelancing full-time—this is for you. 💡 Key Topics CoveredThe “before and after” world of business post-COVIDWhy consistent late payments signal internal breakdownsThe hidden risks in relying on one supplier or one major clientWhat CRA looks for in your expenses (and how to stay compliant)Why reducing stock can protect cash flowHow to compare your costs using Industry Canada dataWhy most business plans fail after funding—and how to fix thatHow Eric ensures his staff protects the firm, not weakens it 🧑‍💼 Guest SpeakerEric Sonego, Senior ConsultantCAPROS🔗 LinkedIn🔗 Website🎙️ HostBernie FranzgroteKnack 4 Business🔗 LinkedIn🔗 Website 🙌 Supporting Partners🎯 East Trade Winds CommunityRegister to join the weekly event: East Trade Winds Tuesdays (8–9 AM EST)🌱 Canada Growth NetworkHelping Canadian businesses grow with tools like Go High Level.Explore here: https://canadagrowthnetwork.com/ 💌 Contact Us📧 Questions or feedback? Email: info@kreativinsight.com 🎁 Special Offers🔥 Join the Canada Growth Network for just $47 CAD/monthIncludes access to Go High Level CRM tools, peer learning, and coaching.Available now at CanadaGrowthNetwork.com 📺 Watch the Episode🎥 YouTube Video: Economic Uncertainty? Here's What Business Owners Must Do🎧 Simplecast Audio Episode📰 Read the article on Ghost.IO 📣 Final Call to ActionRunning a small or medium business in Canada? Facing uncertainty with cash flow or clients? 👉 Watch the full episode now on YouTube, connect with Eric Sonego, and join us live at the next East Trade Winds Tuesday to hear more voices that help your business grow. Disclaimer: Please note that the East Trade Winds podcast episodes are meant solely for educational and general informational purposes. The information and opinions contained within are not intended to be professional advice on any subject matter. The thoughts, views, and opinions expressed by the participants are their own beliefs and do not represent the views of the podcast hosts or any affiliated organizations.It is important to note that this podcast is not a replacement for consulting with certified experts in your area who possess knowledge of your unique situation. The hosts of the podcast, along with any participants or affiliated groups, do not take responsibility for any actions taken or not taken based on the information presented in this episode.It is highly recommended that individuals seek guidance from their advisors in fields such as accounting, law, or other pertinent areas prior to undertaking any actions or making decisions that may impact their financial, legal, or other aspects of life.
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