Join Date: Mar 2006
Location: Regional Municipality of Durham
I have been a small business owner since early 2000's and I agree with many on here, it's all about balance. A business must be profitable, but at the same time, a Profitable business should be able to pay decent wages to their employees. I employ a caregiver/nanny for my young children and the increase in the minimum wage comes out of MY pocket to pay her, and since it me paying a caregiver as an employee I do not earn an income from this business, the only income I make is from my full time job. But I am okay with that and I have agree'd to paying her in accordance with the law. I can understand how a small business will be affected by this because I also did consulting work in the past as a small business owner and I know about business earnings take away wages and expenses and what ever is left is either profit or in the negative depending on how hard you strive. and I also do know that a lot of franchises out there have a lot of things like set prices which they can not touch its set by the head office and will definitely cause an impact on their profits. As a small business owner for the first years I never made money I was in the red, but started to make money after wards so yea it depends on your action plan
Bell Satellite TV, 9400 HD PVR, 65 Inch LED TV, Smart Blue Ray Player, No sound system.