Neil Haboush | Montreal’s Economy Feels Impact of COVID-19

neil haboush

The once-bustling Ste-Catherine Street in downtown Montreal has quickly come to a silent halt amid businesses temporarily shutting down due to the novel coronavirus.

The quick spread of COVID-19, the disease caused by the virus, has forced shops, major retailers, hairdressers, bars and restaurants to par down their business.

“It’s very bad,” said Neil Haboush, an entrepreneur from Montreal, Canada. “It’s unprecedented.

“It’s extremely bad when you have about 30 to 70 per cent drop in sales for three weeks.”

The Quebec government has introduced sweeping measures in the past week over the outbreak as the number of confirmed cases continues to rise.

As part of the plan, non-essential services such as bars, casinos and spas have been ordered to close. Restaurants are allowed to stay open, but they must abide by strict rules and must operate at 50 per cent capacity.

National and provincial officials are also urging people to stay home to limit the spread of COVID-19.

While the Quebec government is offering financial aid to affected workers and businesses, the changes have left Montreal’s service industry and retail stores dealing with a sudden economic hit.

Restaurants are also feeling the pinch. La Cage aux Sports was forced to lay off more than 2,000 workers on Tuesday.

The novel coronavirus is having a clear impact on the local economy and a recession is looming, according to experts.

“Until we get back outdoors again, get back to the office, something usual, the economy isn’t going to be special or anything positive,” said Moshe Lander, an economist at Concordia University.

“It’s going to be bad news.”

With all the uncertainty and the closure of non-essential services, Fortin agrees.

“It’s going to be a short recession or a recession down the road,” he said.

Check complete information from https://globalnews.ca/news/6695046/montreal-coronavirus-big-retailers-local-economy/

COVID19-Montreal Restaurants Close Till Further Notice - Neil Haboush

Montreal Closed Restaurant Coronavirus

Some of Montreal’s top restaurants have announced the indefinite shutdown of their operations in response to the coronavirus pandemic.

Neil Haboush check that the Joe Beef group of restaurants, Nora Gray, Elena, Vin Mon Lapin, Beba, Provisions, Tavern on the Square, Garde Manger, Bremner and many more announced this weekend they would shutter their establishments until further notice, although some will offer takeout.

Many of the closings preceded Premier François Legault’s announcement Sunday afternoon that public spaces including bars, gyms and movie theatres would close and that restaurants should serve only half their usual clientele, seating customers at every second table.

Joe Beef’s David McMillan, one of Montreal’s highest profile restaurateurs, explained his motivation.

“Is this common sense? In my opinion, yes,” he said. “Forget about the money. Am I comfortable in this dining room, standing here, as a leader, telling people to get to work? No, I am not.”

Ari Schor, who owns Beba in Verdun with his brother Pablo, was one of the first to make the call after an unnerving service Friday night.

“We had amped up our sanitization all week and on Friday we had a great night, considering everything, but nobody felt safe,” Schor said. “I was working the door with a bottle of hand sanitizer and wiping down the door handle after each customer walked in, my busboy was constantly disinfecting the washroom, but none of the staff was at ease.”

Schor has a new baby at home and couldn’t help feeling he was not only putting his staff and customers at risk, but also his own family.

Those sentiments were echoed by Vanya Filipovic, who owns Vin Mon Lapin with her husband and chef, Marc-Olivier Frappier.

“The whole week was slowing down and then on Friday we were slammed (full of people),” Filipovic said.

“That really freaked me out, considering everything that was announced that day. We’ve always been a refuge for people, but this is no longer an option.”

Vin Mon Lapin closed Saturday night until further notice.

Neil Haboush said that Restaurant owners like Filipovic and Ryan Gray, who co-owns Nora Gray and Elena, have been helping staff apply for employment insurance, which has been fast-tracked by the government. While Nora Gray is completely closed, some staff at Elena will remain working on phoned-in takeout orders, with a menu posted on their Instagram account, including pizza, salads, freshly baked bread and coffee.

Beba is offering a take-out version of its menu, with updates on Instagram, but is operating on a day-to-day basis.

“Emotionally and ethically, you really have to follow your gut,” Schor said. “We all have to pay our rent and pay our mortgages, but we also have to keep each other safe.”

McMillan is on the same page. “I have a financial ball in my stomach, but I feel at peace with my decision,” he said. “I still have financial worries now, but that’s 50 per cent less worse than I felt watching 100 people come through my restaurant on Saturday night.”

Gray said he slept better the night he decided to shut down operations. For him and Filipovic, who have close ties with restaurant owners and winemakers in Italy and throughout Europe, the message from abroad was clear: Act now — don’t do what we did.

McMillan says he hopes the proactivity of restaurateurs will be reciprocated.

“We’re doing the right thing, but will big companies like Bell, Énergir and Hydro-Québec also follow suit?” he said. “Because that’s what’s going to ruin small businesses. We’re writing off a month, but will they do it too?”

Check complete information from https://montrealgazette.com/news/local-news/covid-19-high-profile-montreal-restaurants-close-doors-till-further-notice

Coronavirus: Montreal Shops Empty Shelves | Neil Haboush

Shoppers empty shelves

It seemed like a good day to buy a case of Corona — beer, that is.

The Adonis supermarket on Peel St. in Griffintown was overrun Friday by people stocking up in case they find themselves in a two-week quarantine because of exposure to the new coronavirus. Steve, a downtown resident who didn’t want to give his full name, was among them. However, he couldn’t resist making at least one not-so-essential purchase: a case of Corona Extra Beer.

“I usually buy it in the summer, but it was on sale, so I figured: why not?”

Steve, who said he has a compromised immune system, said his real reason to go grocery shopping Friday was to stock up with food and supplies so he can last at least a month at home, if necessary.

“I’m not trying to buy all the toilet paper in the shop, but I’m being responsible,” he said.

According to Neil Haboush : Shoppers at the Griffintown Adonis reported there was very little water left on the shelves and bread was running low.

Empty shelves appeared to be the norm at many grocery stores in the area Friday, as stores were gripping with crowds so big that police had to block access to a Costco store in Laval.

Laval police were called in after the parking lot filled up and traffic backed up onto Highway 15, a police spokeswoman told the Montreal Gazette.

Access to the Costco, near the service road of Highway 440, had to be blocked off, the spokeswoman said.

No fights were reported, though a “verbal altercation” did take place as the Costco’s doors were opening in the morning, the spokeswoman said.

At an IGA in Lachine midday, customers stood around waiting for shelves to be restocked. Butchers and other staff were accosted as soon as they emerged from behind swinging doors with new packages of meat and produce.

At the Côte-St-Luc shopping centre, the parking lot was nearly full as customers queued at Jean Coutu and the IGA, where all shopping carts were taken Friday afternoon. Employees in the store were alerting shoppers as carts came free.

The store was sold out of pasta, diced tomatoes, ground beef, frozen vegetables and bananas.

Premier François Legault said such it is not necessary for Quebecers to hoard food.

“We do not foresee any food shortages,” Legault said Friday, noting truck and airline and ship personnel are not subject to the rules calling for voluntary isolation. “It’s important that people not worry.”

A spokesperson for the Retail Council of Canada agreed, saying there is no need to worry about shortages of critical goods.

“Yes, it’s alarming to see empty shelves, but they are refilled at the end of the day or the next day,” said Jean-François Belleau. He said the supply chain for other goods, like rice, meat and fresh produce is also strong, and grocery stores won’t run out of products.

Presse Canadienne contributed to this report


Originally published at http://montrealgazette.com on March 14, 2020.

Neil Haboush | Top 4 Profitable Canadian Business Opportunities

Profitable Business

Canada ranks 3rd when it comes to the ease of venturing into new business and the country boast of a highly developed and stable economy.

With the economy being dominated by service industries, there are millions of ventures and businesses out there making aspiring entrepreneurs overwhelmed with the right one that proves profitable.

While some are easy to set up, some require more investment than others and some can be profitable than others. Whatever the case, whatever your background and whatever your skillset, there will always be that business that is meant for you.

Here is Neil Haboush, to share some of the profitable sectors to invest in Canada. Let’s dive in!

1. Professional Services

Professional Services

Starting a professional service means you are proficient in the field and you know what it takes to be an expert on the said subject. If you have some expertise or experience in accounting, finance, health, education, marketing, and many more, why not consider capitalizing your knowledge.

You might consider being a consultant. In relationships, businesses, health, marketing and life in general. people and businesses are always looking for ways to be better, earn more and be successful. For instance, if you know about finance, and can provide expert advice to help businesses and individuals reduce expenses, diversify a portfolio and increase wealth, being a financial advisor or consultant can be a good one.

Moreover, if you are an expert in a specific subject, online coaching or one-one coaching will yield enough income.

2. Transportation Services

Transportation Services

Think of a small profitable business, think transportation. All that is required to start is a van and strategies to solicit for customers.

“You don’t have to limit yourself to a taxi service, there are different transportation business that is very promising and profitable. This includes Car shuttle service, truck transportation service, taxi service, delivery service, non emergency medical service among others,” says Neil Haboush

3. Real Estate Services

Real Estate Services

There is no denying the amount of money that can be made from the real estate industry. Hence if you know people and you understand how the market is being run, you are in for a lucrative business.

From renting out houses or office spaces to property management to offering brokerage services, there are a lot of opportunities that can be explored in this field.

You can set up as a sales and marketing firm to help developers sell buildings, and properties and earn commission in the process.

If you also understand how to manage the property and you know some developers and brokers, property management can be the way to go. Property managers collect rent, manage tenant and keep the property in safe and habitable conditions. There are a lot of property investors who are on the lookout for one.

4. Fitness

Fitness

Do you have a flair for fitness? What about the charisma, buff, with good business strategies?

Why not use all you get to benefit others, and make money in the process. Plus, your health will thank you!

Whether your passion lies in Yoga, or dance, or martial arts or fitness, look for your audience, find an ideal center and build your clientele base.

Moreover, you can start as a personal trainer, get licensed, promote your brand, and build an online reputation.

With these small business ideas given by Neil Haboush, your hard work and commitment is your starting point.

Did we miss out on any profitable small businesses? Let us know in the comment section.

Neil Haboush | Four-Seat Koenigsegg Gemera – 1,700bhp ‘Mega GT’

Koenigsegg

The talk was correct. Koenigsegg has recently disclosed the Gemera, an all–new part to the family that sports four seats, two scissor entryways, and a hugely incredible mixture powertrain that despite everything takes into consideration unadulterated electric driving. At the same time, Koenigsegg additionally revealed the Jesko Absolut, the quickest street vehicle the organization will ever deliver.

Continue reading “Neil Haboush | Four-Seat Koenigsegg Gemera – 1,700bhp ‘Mega GT’”

Canada Coronavirus – Quebec Cases | Neil Haboush

coronavirus

Canada’s total number of coronavirus cases rose to more than 20 over the weekend as Ontario, Quebec and British Columbia added new cases.

Ontario confirmed four new cases on Sunday, bringing the total in Canada’s most populous province to 15. Quebec confirmed its first case in a statement on Friday, and British Columbia updated its total to eight cases on Saturday.

Continue reading “Canada Coronavirus – Quebec Cases | Neil Haboush”

Kindness is The Best Strategy in Business | Neil Haboush

Business Strategy

Kindness is one of the most powerful forces in business, yet hardly heard of. Think of the last time a customer care service responded negatively when you complained about the product or the time your manager was rude to you. You aren’t going to shop there again, never! And you will probably feel less inclined to cooperate with your manager neither.

Continue reading “Kindness is The Best Strategy in Business | Neil Haboush”

Neil Haboush | 5 Cyber Security Tips for Startups in 2020

Cyber Security

As of 2017, more than 50 percent of startups are victims of cyber-attacks, according to Symantec’s cyber security report. Surprisingly, more than 60 percent of the cyber-attack victims are out of the business world after 6 months. What does this mean? The sad truth is more and more SME’S and medium-sized companies have been the main targets and they have suffered the hardest hits in recent years. As a startup, while you might not be able to stop attackers from infiltrating your business, there are effective steps you can take to prevent or at least reduce the amount of damage that can occur. You don’t have to experience the dark underworld of the internet, here is Neil Haboush, a financial and technical manager in Beaconsfield to walk you through some cyber security tips to ensure your business stays safe and secure in the complex digital world.

Use Strong Password

As much as simple passwords are attractive they can be the key for easy access for attackers. You won’t forget easily and it doesn’t come with the hassle of management when one password is used across different sites. Well, you are simply making the whole process easy for hackers. One of the effective, practical ways is to use stronger passwords. That is a combination of special characters, numbers, mixtures or caps and small’s letters and complex ordering. To be safer, use different passwords across multiple sites and this will ensure not all your accounts are messed with. However, managing multiple passwords can daunting, but having a password manager that saves all the passwords in a safe encrypted form will ensure none is Lost.

Use Two-factor Authentication/Multi-factor Authentication

Two- factor authentication is an extra layer of protection that passes beyond mere username and password to include something the user has on them. This proves to be a more effective way of securing sensitive information than single based authentication. As explained by technician Neil Haboush, the authentication method might require, for instance, the user, providing a password, then either a security token such as cell phone and/or biometrics (such as picture or fingerprints).

Stay on Guard

It’s not enough to get security software or tools installed, ensuring they’re also up to date will ensure you are taken a proactive approach to cyber security. Your antivirus and antiphishing tools are there to detect, protect and prevent malicious attacks if they are aren’t updated, you are simply creating loopholes for attackers. A good rule of thumb is to get your software and network update and checked regularly by cyber security experts to ensure there aren’t any cracks in your security walls.

Provide Cyber security Training for the Employees

With different expertise and specialization in the workplace, some employees can be the gateway for cyber-attacks, data breaches or phishing scams as hackers might take advantage of their ignorance. Investing in cyber security education for your employees is very important to ensure information are secured at every end. Moreover, limit access to sensitive information, data and cyber security maintenance to in-house or your cyber security team only. 

Organizations embracing the latest trends such as remote workers, BOYD and IoT, should also train employees on both physical and cyber security and go the extra mile in investing in high-quality devices that come with the latest software and security control.

Be Smart, Do Not Give Away too Much

Sharing way too much information across social media platforms is generally not a good idea. Business needs to be careful and vigilant when giving out information. Moreover, be aware that information can also be compromised physically. Physical security breaches can occur when dumpster divers ransack wastes for documents containing sensitive information, discarded storage media or files. Shred or burn the document to stay safe.

While you are incorporating these cyber security tips to stay secure, it is also important to have a recovery plan put in place.” says Neil Haboush. In case of security breaches, an organization with an efficient backup plan will be able to recover quickly and avoid the horror stories” Neil adds.

Neil Haboush | Top Global Business Risks

Global Business Risks 2020

To the outside world, the global business risks of the past years might not be any different from the ones that are to come in the next decade. However, this might not be the case and as a business owner, it is important to keep abreast of what it is to come. In the recent survey, executives and decision-makers including Neil Haboush have identified the major global business risks that will shape 2020 and in the years to come.

What are these global business risks? Neil Haboush, a top executive in a leading company, brings to you lists of top business risks every entrepreneur needs to know.

1. Cyber Attacks

Cyber-attacks rank as the most important global business risks attacking organizations globally. With business going digital, threats to data, vital information and documents are increasing exponentially. Businesses are faced with increasing cyber-attacks of data breaches, system downtime or IT failure to mention but a few. The target most times have been large organizations being exposed to various cybercrimes. Ransom ware is just a few of the whole picture- Businesses can find themselves struggling with repairing a reputation they have built for years or struggling with economic indigence due to the unavailability of critical data. Either you are a large organization or small business, cybercrimes might be lurking around the corner. Understanding the level of risk and the likely sources will be a great way to understand how to respond says Neil Haboush.

2. Innovations and Technologies

Emerging technologies can require new skills or extra efforts on organizations’ parts to train existing employees. Artificial intelligence, 3D printing, block chain, nanotechnology, Internet of things (IoT) autonomous vehicles and so much more will put small businesses who could not invest in these technologies at a disadvantage. Moreover, these innovations can put pressure on national and international securities, disrupts the economic stability and increase threats to cyber security.

3. Changes in Legislation and Regulation

From taxes to tariffs, to interest rates, to Brexit to protectionism, politics will affect the operation and profitability of businesses in 2020. In 2019 alone, business operations have been affected by almost 1300 US new trade barriers. Latin America is still experiencing political unrest, China is becoming more assertive with its foreign policy, and the European Union will likely brace up for antitrust battles with the US tech giants. These are evidence of increased divisiveness, fractious international relations causing pushbacks on international trade.  National politics in different countries are imposing various legislations and regulations and this is not stopping anytime soon.

Read More – https://medium.com/@neilhaboushjudgement/2020-global-business-risks-507f45db47f4

Neil Haboush | Major Business Startup Expenses

Neil Haboush-Business Startup Expenses

You are about to embark on a wonderful bummy- jumpy business ride and you have got the plans laid out. Office space and furnishings are all ready, insurance cost is in place and you simply can’t wait to see your business startup scale up the success ladder says Neil Haboush. However, before you get caught up in the excitement of the moment, here are other things you might have ignored during your preparation.

Neil Haboush shared 4 most important business startup expenses every aspiring or young entrepreneur should know.

1. Online Presence for Business Startup

Having an online presence is very crucial for any Business Startup who aims to succeed. Some business might require a brick and mortar store, but having an online presence is still required says Neil Haboush. There are various social networking sites such as Facebook, Instagram, TikTok, Linkedin and the more where businesses can communicate with consumers, earn their trust, develop good relationship, make sales and build brand reputation. The good news is, these sites are free.

Moreover, with 80percent of people making an online purchase, having a professional website is very crucial to growth. Your website will communicate your brand, provide information about your service/products, and include contact information and much more. In fact, any reputable company is expected to have a website that projects the services provided or products to be purchased. However, there is more to it than you think. It requires a user-friendly, clean, professional-looking website that will demand some bucks

2. Inventory for Business Startup

Inventory can be a bit tricky to determine when you are just starting but it is better to be prepared beforehand and include it in your business start-up budget. Not all businesses require an inventory especially if you are providing a service. However, in case of ecommerce, consumer goods, retail or manufacturing, inventory is most likely part of your business. Careful planning, vigilance and inventory management is essential. You don’t want to have overstocked goods due to low demand neither do you want to lose out on customers or sales simply because you are out of stock. Spoilage, damage, and loss of money can also occur especially if you are dealing with perishable goods or items.

3. Equipements and Utilities

Equipment’s cost depends on the industry you are venturing into, the size of the business, and if the nature of work demands the employee have their equipment. For instance, a person starting a catering service will require different equipment from one who is about to start a photography business. You can decide to purchase the equipment if your cash position permits or try other options such as leasing or loans.

Read More