Below, we outline the actions leaders can take to turn around struggling firms. Legitimate small business tax rules — put in place by previous Liberal and Conservative governments to support small business growth and expansion — are now thought of as loopholes being exploited by the fat-cat owner of the neighbourhood coffee shop, chiropractor or dry cleaner. While there is no requirement for small businesses to provide health insurance, starting in 2014, companies with more than 50 employees will begin to be penalized for not offering affordable health insurance. From prepaid dining cards, to accounting software and car rentals, small business membership has its privileges.

Thus, if you are one of the many that want a lender to focus their loan approval on your business and not on your credit, then seek the right business loan; a loan that has no reason to focus on your credit (as you and …