Chamber: businesses need to be prudent in hard times
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Hey there, time traveller!
This article was published 29/01/2024 (599 days ago), so information in it may no longer be current.
Local businesses in Brandon must continually manage budgets and control expenses to the best of their ability, according to Brandon Chamber of Commerce president Jaime Pugh.
Following the inability of some small businesses to meet the Jan. 18 CEBA deadline, Pugh told the Sun that business owners should always be adaptable to change, consistently focusing on generating revenue and keeping expenses under control.
“Businesses are having to continue to budget and control expenses as best as possible,” she said. “As always, businesses must continually adapt to change and focus on revenue streams and controlled expenses.”
The primary concern of local businesses, she said, is cash flow, noting that having a stable cash flow is crucial for businesses to navigate the new financial commitments.
“We did meet with the minister of small business with the Canadian Chamber of Commerce to express our concerns regarding these challenges,” Pugh said. “We have always pushed for our members by supporting local campaigns and member highlights. We must continue as a community to support our small businesses to get through this.”
Addressing inquiries about advocacy initiatives and support programs, Pugh shed light on the ongoing collaboration between the chamber and local and provincial governments.
“The chamber consistently engages with local and provincial governments to explore options for our members. Our continuous communication with the Canadian Chamber and Manitoba Chamber of Commerce allows us to advocate for measures that will benefit our members,” Pugh said. “Any developments arising from these discussions will be integrated into a strategic plan for the benefit of our members.”
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