BCBusiness

September 2023 – Spice World

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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26 BCBUSINESS.CA SEPTEMBER 2023 ISTOCK Did You Say Downturn? n It's fairly easy to become desensitized to the constant churn of small businesses in the province. Every so often, probably more than you'd like to admit, you see via social media scroll that a bakery or restau- rant or shoe store in your neighbourhood is shutting down, and then tell the nearest person with a sober sigh. There's no denying that watching the COVID-19 pandemic turn into a quasi-reces- sion has been a nightmare for many busi- nesses of all sizes. But it's been particularly troubling for the small establishments that are narrowly staying between the margins. We decided to find the success stories— businesses that have made an adjustment or two that helped them not just stay afloat during these difficult times, but actually thrive and excel. Here, you'll find stories about a grocery store greenlighting rapid expansion in order to bring down costs, a video game company embracing a new business model, a group of citizens fighting to save a neighbourhood full of storefronts and 11 other tales of innovation and survival. We're pretty confident that they're all worth putting the phone down for. How 14 small businesses are staying in the black and surviving during a deadly economic period b y N A T H A N C A D D E L L , A L Y S S A H I R O S E a n d R U S H M I L A R A H M A N S M A L L B U S I N E S S

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