Description: A paint store where the owner gets in trouble for taking a day off. A fitness equipment company with sales booming rather than tanking. A gym owner switching to online training. These – and four more – are stories of Canadian business owners dealing with Covid challenges since March. The seven were profiled by CBC in a recent post, and their accounts are providing a variety of lessons in commerce.
Date: October 31, 2020
1) Which of these stories was your favourite? Why?
2) What is one of the big lessons you can learn from how these business owners dealt with unexpected challenges?
3) The story talks about the Vittorio Oliverio and his mortgage brokerage business, Centum Professional Mortgage Group. What competitive advantage does Centum appear to have over some of the large Canadian banks – like Scotiabank and RBC – featured in Wiley’s Financial Accounting: Tools for Business Decision-Making?