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In the first article of the business video series, we took a look at some of the possibilities of the 'do it yourself' video. If you are a business owner or marketing professional, creating webinars, video blogs and other content marketing can be effective in finding new customers and solidifying existing ones.

 

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In this blog, we will explore some of the tools and tips to producing your video in a professional way.


Tips on creating your webinar style video: planning the content

 

 

  • Keep it short. Keep in mind that people have short attention spans online. Research demonstrates that you lose up to 75% of viewers after 2 minutes. So say it quick and say it well.  Better to do a “series” of videos instead of one long video.
  • Take time to experiment to find your style and voice. Are you better at reading a full script or does it sound dry? Are bullet point notes good for you or do you find you lose your train of thought? Or perhaps just a visual presentation set to music is better. Do a few dry runs to figure out what works best for you.
  • Take your time when speaking. Most people speak too quickly, causing "umms" and "ahs" and tripping over words. Purposely slow down.


The secret to a good video blog: sound & lighting

Great video comes down to two major points: sound and lighting. There are other considerations, but nailing these two will go a long way in solidifying the legitimacy of your video and stop you from breaking the cardinal rule of “first, do no harm” as mentioned in the first blog.  Some potential DIY camera options include:

  • Smartphone or even tablet
  • Webcam
  • Digital single-lens reflex camera (DSLR)
  • Point and Shoot Camera
  • HD Video Camera

 

Try and ensure it has a microphone jack to enhance the sound quality.

 

 

 

 

  • Steady video footage is best.  Use a tripod or something else to help steady the camera - a stack of books, countertop, cardboard box, etc.  Shaky handheld footage looks amateur.
  • Think about your surroundings. Don’t dress it up too much, you want to make it look as natural as possible.
  • Use available light when possible.  Sit facing a window or with it on your right or left side.  Avoid shooting outside on a sunny day, it may cause you to squint and the light is constantly changing with the movement of clouds. Shoot outside on an overcast day or inside with big windows will work well too.  Don’t have the camera looking into the light, this will cause you to be in darkness. If available light isn’t sufficient, use a desk lamp or table lamp with a soft shade or no shade at all.  Putting the light slightly off centre is a nice touch.
  • Sound.  Good sound can make or break your video.  Using a microphone doesn't have to be complicated or expensive.  A wired lavelier (clip on mic) can be fairly inexpensive (mine was around$50) and can plug into most computers and cameras.  A gaming headset can also work and typically ranges from $30-$50) which plugs right into your computer.  Avoid built-in mics on your camera or computer as they pick up background noise.  All these things could distract your viewer from what you are saying.  Get the mic as close to your mouth as you can. The closer it is, the quieter any background noise will be.


Next week's post will focus on “putting it all together” and how to present your video content in a professional way.

 

Currently working on a DIY video?  Let us know what you're up to - leave a comment or question below.

 

Related post:

DIY video series: the why and the what, in that order

 

 

Nelson Dunk loves movies. He is a filmmaker and owner of Skylight Productions, helping companies across North America convey their message in a creative and cinematic way. Nelson started creating videos in the Non-profit sector and quickly discovered that HOW you communicate is just as important as WHAT you communicate. Nelson is always looking for opportunities to create impacting and creative films, whether in the creative or corporate arenas. Capturing and conveying stories is what he finds most exciting.

344 Views 0 Comments Permalink Tags: strategy, 10-99, 1-9, business, tips, social_media, smartphone, video, entrepreneur, small_business, business_owner, diy_video
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There’s no doubt about it; online video marketing is on the rise. Many experts have said that 2012 will be the year of video. I wholeheartedly agree with this. As recent as 5 years ago, creating a marketing video would have cost thousands (or even tens of thousands!) of dollars. Even then, you would be hard pressed to have anyone see it. In today’s world of social media and SEO, getting your video some airtime is easier than ever, but there are some guidelines to follow in order to be effective and stand out.

 

 

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“First, do no harm”

 

Know when to call a professional. A mentor of mine taught me that the first rule of medicine is the same as the first rule of marketing, “first, do no harm”. Your brand is the most valuable asset your business possesses, so tread carefully. This blog series focuses on do-it-yourself options and tips for creating engaging video materials, but you must remember to “first, do no harm” to you brand. Don’t create something that will make your business seem amateur or cheap. Know when to call in a professional. Like doing your own website or accounting, you need to know when you need something only a professional can provide.

 

“What do I want to accomplish?”


Answering the why before the what. Before the cameras start to roll, you need to establish why you are creating your video. What are you trying to accomplish? What is the end goal? Some possible goals include:

  • Establish yourself as a “thought leader” in your industry
  • Engage your customers and prospects with informative content
  • Promote your product/service
  • Create a “website hook” that will explain your business in 60 seconds
  • Create a new opportunity for SEO

 

It will also help to take a look at your skill set:

  • Do you carry yourself well in front of a camera?
  • Are you good with bullet points or with a word-for-word script?
  • Are you tech saavy or do you need a simple solution?

 

Determining your goals and existing skills will help you figure out what form your video should take.

 

“Examples”


What you can create. We will be looking at a few examples of effective video marketing in future articles, but you can start by exploring what other people are doing. Hop on YouTube and see what you think works and what doesn’t work. Here are a few general styles of DIY videos we are going to explore in future posts:


The Screencast/Webinar are quick & easy videos that are created using Powerpoint, keynote or screencast software.  Most people are already familiar with these programs that allow you to record vocal narration simultaneously.  This style of video is good for visual or conceptual information.

 

The Video Blog is a personal and engaging video created using a webcam/video or camera/smartphone.  It's best used for short videos as they are generally taken in one shot.  It may take a few takes before hitting the mark.  This type of video is great for those who speak well from bullet points, scripts are difficult to pull off.

 

The Website Hook or Product Video can be done as a screencast or video, but is short and general and shows off what your business is all about.  It should be handled carefully as this is the first thing people will click on your website.  These videos take more work and planning but can be a dynamic add to your website.

 

This is a great time to be creating video content. It can be a powerful tool to engage your audience, establish your credibility and to get you discovered in search rankings. The next article takes a look at some of the tools and secrets of the trade that you can use to make your videos more professional.

 

 

Nelson Dunk loves movies. He is a filmmaker and owner of Skylight Productions, helping companies across North America convey their message in a creative and cinematic way. Nelson started creating videos in the Non-profit sector and quickly discovered that HOW you communicate is just as important as WHAT you communicate. Nelson is always looking for opportunities to create impacting and creative films, whether in the creative or corporate arenas. Capturing and conveying stories is what he finds most exciting.

574 Views 0 Comments Permalink Tags: strategy, 10-99, 1-9, business, tips, social_media, video, entrepreneur, youtube, small_business, business_owner, diy, diy_video
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On March 19th, TELUS and The Globe and Mail announced the launch of the #challengecontest, an opportunity for small businesses to present their biggest challenge and how a $100,000 grant from TELUS would help them overcome it.

 

 

I had the opportunity to sit with Steve Tustin, senior editor for CCG at The Globe & Mail and contest judge to find out what he’s looking for from contest entries this year.

 

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What do you see as the biggest challenge facing small and medium business owners today?

 

What we hear  from businesses through The Globe and Mail challenge series is the need for good expert advice, which, of course,  is what the challenge series is all about.  In particular, one challenge we hear of often, is how to help small businesses buy the right technology and then use  it to its maximum potential, And, how to use social media, in order to help them grow their business. They understand that social media provides significant marketing potential for their business in terms of extending their brand reach to people who are interested in their services and products.  But because they are already stretching resources (people, time, money) as far as they can, dollars and time are tight, so getting the right advice is imperative.

 

Have you heard any qualitative feedback to date on the contest?

 

I’ve heard some potential candidates say that the challenge wasn’t for them because they were too small (just starting out their business). But as far as The Challenge Contest goes, there’s no too small; there’s just thinking small. I think that taking part in the contest, and putting a full effort into filling out the entry form, is an excellent way for any business to take a step back and think about where they want to be in one or two years. Sometimes hard to find the time or motivation to do that when you’ve just started and you’re dealing with the day to day issues.

 

What is your advice to contest entrants – what are you looking for from contest entries as a judge in 2012?

 

I would encourage anyone entering the contest to take their time and really define your challenges and goals. An excellent way to prepare for working through the entry form is to go online and read the challenge series, along with the story about last year’s winner.  The series is a great resource that can help you explain specifically the results you want to achieve with that $100,000 grant. As judges, we’re looking hard at your potential.

 

What are some of the additional benefits business owners can gain by entering the contest?

 

Although the $100K is awesome, again I think it’s always important for any business to take the time to stop and analyze your business and challenges, beyond the day to day, or even month to month but a year or more ahead.

 

Small business is what drives our economy, and we hope that by engaging in the contest many of the businesses will be re-energized with a clearer roadmap for their business that will stimulate both growth and competitiveness.

 

For more information on the #challengecontest, visit: www.theglobeandmail.com/thechallenge. The deadline for submissions is May 28, 2012.

 

Rebecca Bailey is a Product Manager with TELUS and manages marketing campaigns dedicated to small and medium businesses.

455 Views 0 Comments Permalink Tags: strategy, 10-99, 1-9, business, social_media, entrepreneur, globe_and_mail, small_business, business_owner, #challengecontest, #teluschallenge, $100k
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Canadian Youth Business Foundation's (CYBF) Linda Morana Discusses the Qualities of Good Mentors

 

Linda Morana’s new job as Mentor-in-Residence at the Canadian Youth Business Foundation (CYBF) is to act as mentor to the mentors. “It’s a unique role that focuses on the mentoring methodology as opposed to business skills and business techniques,” she says.

The CYBF – which provides comprehensive support in the form of coaching and financing to Canada’s young entrepreneurs as they launch or build their business – has 2,000+ active mentors and is always seeking business professionals looking to make a difference.

“A mentor is not a consultant,” Morana notes, “They are there to ask questions and help the entrepreneur think out of the box.” TTB spoke to Morana about the mentors training program she is designing, which focuses on soft skills.

 

 

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How does your role help CYBF mentors?


From a mentor survey, we saw that 72% wanted mentor resources, best practices and learning opportunities. In response, the Mentor-in-Residence role was created. I’m creating and designing an online, self-paced learning program, in a modular format that will help mentors enhance their mentoring skills. Some of the training covers role clarity; how to build trust; and help the entrepreneur find the motivation.


How do you determine the needs of CYBF mentors?


On a quarterly basis, our mentors give a status update through an online forum and they share their challenges and needs. We also have a peer-to-peer networking event called Entrepeer Experience and this is where mentors and entrepreneurs and community partners of CYBF meet and network.

 

What are some of the challenges?

 

At around the six-month mark, entrepreneurs get into a challenging time because they may have started testing out their business and they may have to rework it or find a new model. Sometimes they lose sight of the big picture and that’s when the mentors provide a supporting role and encouragement. And if they were keyed into the motivation of the entrepreneur at the beginning, then they can remind the entrepreneur of why they’re doing what they are doing.


What do mentors take away from the experience?


They tell us that they’ve learned to be better leaders. There’s an inter-generational exchange that takes place where mentors are exposed to new technology as well as social media and new business trends that entrepreneurs are introducing to the market; innovative strategies to gaining new business; new business development.


What are the qualities of a good mentor?


One of the key qualities of a mentor is having patience and understanding that it takes time to build a strong trusting relationship. Sometimes it takes time for the entrepreneur to share all the details of the dream they have as its something they’ve been working on for a long time.

 

Second, be willing to be vulnerable. When mentors share what’s worked for them and, more importantly what hasn’t worked such as recent mistakes and failures, it helps bring the mentoring relationship to an equal plain. It helps the entrepreneur understand that failure, sometimes, is a part of being successful. That opens the door for the entrepreneur to share their current challenges and they don’t feel embarrassed.

We really encourage the mentor to help the entrepreneur solve their challenges and problems so that they aren’t dependent on the mentor for advice and solutions at all times. It’s about giving them options about the process that one would take to solve a problem, so they can be independent and empowered. Also key, the ability to listen and question.

What are the first steps in establishing a successful mentoring relationship?

 

At CYBF, before the match is official, the mentor and mentee have an introductory meeting to see if there is good synergy; if not, either can opt out. From there it’s about setting expectation and accountability. We have an online orientation program called Meant To Be, which they complete together. It helps them set the stage for the mentoring relationship, [and] it identifies the expectations for the mentor and entrepreneur and helps clarify their objectives.

 

Sometimes we don’t put thought into the logistics [such as] how often will we have meetings and how long will meetings be and who is accountable for what, so Meant To Be takes them through that. At the end of the online program both have a customized mentoring agreement, not a legal contract, but they agree to do certain things. A development plan is also key; the entrepreneur has an opportunity to discuss what his or her goals are. Ultimately they have a plan about how they are going to achieve these goals and it helps create direction for future mentoring meetings.


For more information on CYBF's mentoring program or to start the process of becoming a mentor, complete an online application form.


Amber Nasrulla is an ex-pat Canadian writer based in L.A. who specializes in profiles from business leaders and scientists to Hollywood celebrities. Her work has appeared in numerous publications including the L.A. Times, The Globe and Mail, Los Angeles Magazine, ELLE Canada, Chatelaine and Reader’s Digest Canada.

437 Views 0 Comments Permalink Tags: strategy, 10-99, 1-9, business, tips, community_investment, leadership, entrepreneur, small_business, business_owner, cybf, mentorship, mentor, canadian_youth_business_foundation
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I had the opportunity to share my advice with Momentum Technologies in a Globe & Mail challenge series article, “Growth path: Open new office or make acquisition?

 

There is a list of people a mile long who can give advice on the pros and cons of growth through acquisition or internal expansion and you will hear advice on which way to go. Instead of reiterating it here, it’s important for businesses to come to the conclusion themselves and be comfortable with their decision.  Here are a few things to keep in mind when looking to grow through acquisition.

 

1.    Do your homework

 

The first and most logical question to ask: ‘is there a target company or companies available where I want to expand?  If the answer is yes, before you go any further you must do some homework.

 

You need to know what you are prepared to pay for the target acquisition. You can arrive at this by a number of steps dependent on the type of business you’re evaluating.  You will want to investigate what are the standard valuations for this type of industry.  Some valuations are based on a multiple of Sales (High Tech) to a multiple of EBITDA (Earnings before Income taxes, depreciation and amortization) to so much per employee.  This could be your starting point or ending point, however, some businesses also take into account other qualitative parameters.

 

2.    Qualify the expected value

 

Some other parameters that may weigh into your decision include:
•    What you can do with the acquired business
•    The value-add business you can bring
•    The quality/quantity of their customer base
•    The established business culture
•    Quality of staff

 

You’ll want to ensure that you’re also taking into account any negatives such as dependence of business on the current owner.   It is important that you list all these issues before you start the process so you know what your objectives are and where you want to take the business upon acquisition.

 

3.    The investigation process: finding the right acquisition

 

When you are starting to investigate companies to see if they are a fit and interested in being acquired, at times I have found it better to go about this through a consultant.  It can often be difficult to run your business and look for target acquisitions at the same time; either the effort to find a business suffers or your own business suffers due to efforts spent on growth.  When you’ve matched a potential acquisition to your needs, doing your homework as stated in point one becomes important as, typically, the first question on the table will be price. If both businesses are on par, the next steps are to move through point two and do your due diligence.

 

The question still remains, what happens if you cannot find an acquisition?  The alternative is growth by expansion, posing a new set of questions including weighing the challenges against the opportunities.

 

Best of luck in whatever route you choose.

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Donald Clarke is the Montreal-based owner of Gunite Investments Inc. and has acquired and grown companies organically.

 

 

For more information on the #challengecontest, visit: www.theglobeandmail.com/thechallenge. The deadline for submissions is May 28, 2012.

343 Views 0 Comments Permalink Tags: strategy, 10-99, 1-9, business, entrepreneur, small_business, business_owner, growth, acquisition, expansion
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How Angela and Justin Quinton used their $100,000 TELUS Challenge prize money to dramatically lift productivity at their Lethbridge, Alberta soil and feed testing business.

 

Angela Quinton isn’t afraid to get her hands dirty. Not ankle-deep-in-mud dirty but more comfortable taking chances in business, which helps set Angela Quinton apart as she and husband Justin Quinton run Sandberg Labs, a soil and feed testing lab in Lethbridge, Alberta. “It’s a little scary at times. But you have to be willing to take risks. What do you have to lose?” Quinton told TELUS Talks Business.

 

If you feed and water your summer lawn and garden, you have an idea what the Quintons do.  A farmer seeding his fields for a bountiful harvest can’t control the weather. But if the soil is not sufficiently rich, the farmer must make it so. That’s where Sandberg Labs comes in. Today’s farmer needs soil testing for crop production and want a quick, reliable and detailed report on their samples, complete with findings and fertilizer recommendations for a maximum yield come harvest time.  Although many Alberta soil testing labs have been increasingly bought up by big multinationals and turned into testers oil patch samples, the Quintons bucked that trend.  “We’re committed to staying with agriculture. Everyone needs to eat,” Quinton explained.  

 

But the challenge was, as local farmers showed up on the doorstep at Sandberg Labs for soil and feed testing, the Quintons had to turn them away.  Having invested their life savings to buy Sandberg Labs from its founders two years prior, the Quintons found themselves owning a dinosaur, with outdated equipment and a cramped workplace. “We were running at full capacity as it was. We’re passionate about agriculture, and decided we needed to step up and serve the new customers. But we didn’t have it in us to do that,” Quinton recalled. 

 

But thanks to the $100,000 TELUS Challenge, a partnership between TELUS and The Globe and Mail newspaper to help small businesses meet their goals, that’s history.  The Quintons last year sat down one weekend to pen an 800-word entry into 2011 TELUS Challenge contest.  They focused on their changing industry, and what made Sandberg Labs different from the competition as it pursued innovation and customer service, while others bowed out.  “Here’s the problem. Here’s what we want to do. And here’s what’s keeping us back,” Angela Quinton recalled, summing up her Challenge entry.

 

 

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(Photo: from left to right, Blair Kellington, TELUS, Justin & Angela Quinton, Sandberg Labs)

 

Among their first moves in using the grant was purchasing new equipment to increase the speed, volume and accuracy of soil crop sampling. Before, much of the soil testing at Sandberg Labs was done manually, and was chemical-intensive. “So we’ve been able to bring in more customers without a lot of difficulty since acquiring the equipment,” Quinton explained. The lab’s capacity has now significantly increased as it today runs 144 tests a day, instead of 10.

 

Using the $100,000 prize money on new equipment purchases and other productivity gains has the Quintons and Sandberg Labs well on their way to doubling the company’s overall revenue line to $1 million by 2015.

 

There’s also benefits for the local environment. “We can help farmers optimize their production and help with the environment. When they test, they are certain of what needs to go into the soil. So they’re not adding more fertilizer into the earth than they need,” Angela Quinton argued. What’s more, Sandberg Labs is a better place to work in as an employee, and be serviced by as a client. “It’s a much more pleasant place to work. We take customers on tours of the lab, and we see where their samples go, and it’s as if lightbulbs go off and they say that makes total sense,” she added. 

 

 

Etan Vlessing is a Toronto-based writer and business correspondent for TELUS Talks business.

For more information on the #challengecontest, visit: www.theglobeandmail.com/thechallenge. The deadline for submissions is May 28, 2012.

400 Views 0 Comments Permalink Tags: 10-99, 1-9, business, entrepreneur, small_business, environment, business_owner, startup, 100, #challengecontest, sandberg_labs
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About a month ago, I was asked by the Globe and Mail to provide my advice on “How to Break into the Indian Market”, answering the challenge of tapping into the opportunities in that part of the world.  Particularly welcome was the fact that the article did not focus on the select few large Canadian companies that have a vibrant presence there.  It goes without saying that more large companies need to develop and implement strategies for that market but even more relevant are the opportunities for the smaller and medium sized organizations.  India is a complex country and business practices vary from region to region.  A Canadian SME may wish to consider five steps as it contemplates implementing an India-related strategy.

 

  1. Build your market intelligence right here in Canada. There are any number of organizations that now have India on their radar screen.  For SMEs, take a look at Canadian Chamber of Commerce and the Indo-Canada Chamber of Commerce.
  2. As global activity moves increasingly to the sub-national level, you may be surprised at the contacts your local businesses and municipalities (economic development offices) have with India.  Take the example of Novo Plastics in Markham, Ontario, a company that has India firmly on its radar screen. It has experienced success with major Indian conglomerates.  Its expertise lies at the intersection of the plastics and engineering sectors. 
  3. Touch base with a major Canadian law firm and seek their advice.  Virtually all the major ones have an “India desk.”  They will put you in touch with their Indian counterparts.
  4. Lead from the top and while you need to work with your financial constraints “front end” your commitment.  It will get you the attention of prospective business partners.
  5. Make a reconnaissance trip to India with any one of Canadian delegations that are going there.  Use the first trip as a way to begin the process of understanding the country, its business culture and developing local relationships. 


All of the above should be guided by an assessment of how your product or service is responsive to the Indian market.  Indian organizations like the Confederation of Indian Industry and the Indian Brand Equity Foundation will give you a valuable guide to the pulse and trends in the Indian economy.  If you meet the twin test of your distinctive strengths with the Indian need for what you do – the pathway to success becomes more realistic.

 

 

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Kasi Rao is the owner of Kasi Rao Consultants, a Toronto-based business advisory firm that provides strategic guidance to broader public and private sector organizations on matters pertaining to higher education, government relations, business development and policy issues, with a particular focus on India.

473 Views 0 Comments Permalink Tags: 10-99, 1-9, business, entrepreneur, globe_and_mail, small_business, business_owner, 100, #thechallenge, indian_market
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In addition to the annual The Challenge contest, TELUS hosts a year-long series of Challenge events that feature speakers, information sessions and vendors. The objective is to help small companies overcome business challenges to achieve their goals.  Yesterday’s event at TELUS house Toronto was standing room only and focused on how innovation can grow your small business.

 

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(Photo: standing room only crowd at TELUS Challenge event yesterday, TELUS House Toronto)


After winning $100,000 to transform her agricultural testing lab, Angela Quinton on Thursday recalled the moment a business grant changed her life, as if by Godsend.

 

Quinton remembered standing in her office at Sandberg Labs in Lethbridge, Alberta with a stack of unpaid bills in her hand, and looking skywards for help, before a phone call to indicate she was a contest winner came. “I was actually praying, saying ‘Oh God, we need somebody,” she recounted, while attending a standing room only TELUS Challenge event on innovation at TELUS House Toronto yesterday.

 

Sandberg Labs had been chosen over 800+ other entrants to win the Challenge contest, an annual competition by TELUS and the Globe and Mail newspaper to identify and help a small business achieve its goals. The $100,000 prize, combined with new technology and innovation, boosted the sampling capacity at Sandberg Labs so it can better meet business demand from regional Alberta farmers and feed manufacturers.
“We’ve been able to bring in a lot more customers, without a lot of difficulty, because we got new equipment,” Quinton insisted.

 

 

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(Photo: Angela Quinton, Owner, Sandberg Labs, winner of the 2011 TELUS & Globe and Mail #challengecontest)

 

Innovation

 

  But Sean Stanleigh, editor of the Report on Small Business properties at The Globe and Mail newspaper, while finding inspiration from Sandberg Labs wringing impressive growth from innovation, adds this is not a familiar story for Canadian mom and pop operations. “There’s no bigger buzzword in small business than innovation,” Stanleigh told the TELUS Challenge event attendees. While talk of innovation is heard all the time from politicians and business leaders, what’s missing in the debate is identifying which SMBs are truly innovative, where they are and what public and private financing can make them still more productive. “I think of innovation as a process, one that requires many steps,” Stanleigh added.

 

The first step for Sandberg Labs to innovation involved not just telling the TELUS Challenge judges about one or two business problems that needed quick solutions. Quinton recalled instead sharing the overriding challenge and solution for them – an inability to meet increased business demand, and the promise of technology and innovation to surmount that hurdle. “Here’s the problem, here’s what we want to do, here’s what keeps us back from doing that,” she said of the thought and structure behind her winning 800-word submission, which she completed with husband and business partner Justin Quinton.

 

 

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(Photo: Sean Stanleigh, editor of the report on small business properties at the Globe and Mail)

 

Being able to see what others cannot see is also the story behind another young Canadian entrepreneur,  Armen Bakirtzian, co-founder and CEO of Avenir Medical. His Waterloo, Ontario-based company has developed a medical device, PelvAssist, that allows orthopedic surgeons to line up hips during replacement operations.  Bakirtzian, who also addressed attendees at Thursday’s event, said 95% of orthopedic surgeons still eyeball alignment when replacing hips.  And if they get the alignment wrong, the result could be expensive follow-up surgery. “So we provide them (surgeons) with the tools they need to put the implants in correctly,” Bakirtzian, whose company has received start-up financing and mentorship from the Canadian Youth Business Foundation (CYBF), explained.

 

Mentorship

 

To encourage still more young entrepreneurs to launch new businesses, TELUS and the CYBF have partnered to raise up to $150,000 to help another seven young Canadians get their business ideas off the ground and to market. “TELUS is built for business, the Canadian Youth Business Federation is built for starting businesses. So together, we share a passion for where young businesses can go,” Vivian Prokop, CEO of the CYBF, told the TELUS Challenge event after accepting an initial cheque for $21,000 from Jim Senko, Vice President of Small and Medium Business Marketing at TELUS.

 

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(Photo from left to right: Armen Bakirtzian, co-founder and CEO of Avenir Medical, Vivian Prokop, CEO of the CYBF, Jim Senko, VP of Small & Medium Business Marketing, TELUS and Hugh Johnson, VP of Sales, TELUS)

 

That’s much-needed support to help close a yawning financing gap for Canadian small businesses, the G&M’s Stanleigh told the TELUS Challenge event. “The Canadian economy is full of emerging technology that needs capital for commercialization,” he argued.  Stanleigh also recommended SMBs develop a comprehensive growth plan that fully outlines how they intend to reach their business goals, and to connect with business advisors, mentors or anyone else who can point the way forward. Hence the rationale for The Challenge, an annual contest that invites Canadian entrepreneurs to share their business challenge to possibly win a $100,000 business grant.

 

Overcoming Challenge

 

Hugh Johnson, TELUS Vice president of Sales, agrees a winning Challenge entry needs to fully outline how an SMB is strategically planning for growth.  “Marketing is only one piece of the puzzle,” Johnson insisted.  He urged Challenge contenders to show creativity and a case for innovation as they explained in 800 words why they should receive support to get their business to the next plateau.

 

The G&M’s Stanleigh agrees, as he defined innovation for SMBs as an ability to spot a business challenge, find the solution and new customers, and to reach them as fast as possible. “Coming up with new ideas is half of the battle. You also need to implement the ideas,” he argued.
  
Back at Sandberg Labs, Angela Quinton insists her recent business transformation after winning the Challenge contest has made all the difference. “We take our customers on tours of the lab and say, this is where your sample goes and this is what happens, and it’s like little light-bulbs go off and they say, yes, that makes total sense,” Quinton said proudly.

 

Etan Vlessing is a Toronto-based writer and business correspondent for TELUS Talks business.

 

For more information on the #challengecontest, visit: www.theglobeandmail.com/thechallenge. The deadline for submissions is May 28, 2012.

967 Views 2 Comments Permalink Tags: strategy, 10-99, 1-9, business, mobile, tips, mobile_working, smartphone, device, globe_and_mail, small_business, business_owner, tablet, innovation, 100, #challengecontest, #teluschallenge, entreureneur, telus_challenge_contest, challenge_event_series
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Today, TELUS and the Canadian Youth Business Foundation (CYBF) announced a milestone campaign to help young entrepreneurs launch businesses  across Canada.  In celebration, TELUS Talks Business correspondent Amber Nasrulla interviewed Vivian Prokop, chief executive officer of the Canadian Youth Business Foundation.

 

“We’re huge job creators,” says Vivian Prokop, CEO of the Canadian Youth Business Foundation. No kidding. The organization dedicated to supporting young entrepreneurs (YE) launched 617 YE businesses in 2011 and is on track to set 720 in motion this year. And, since 1996, the CYBF has provided start-up financing and business mentors to 5,000 young entrepreneurs and those successful businesses went on to create 19,000 jobs across Canada in many sectors including healthcare, real estate, and technology. Those are the numbers.

 

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Prokop says she wants CYBF’s portfolio to have a greater percentage of high-growth businesses. She points to Communitech’s new $30-million Hyperdrive start-up fund, which was launched on April 10, and notes that the CYBF is one of several angel and venture capital backers behind it. The Waterloo, ON, technology incubator gives entrepreneurs up to two years of support including mentorship and access to early stage financing.

Prokop says, “We’re hoping to get a lot of learnings from the Hyperdrive program and then launch that across the country in different creative ways with partners.”

 

Aside from creating thousands jobs, how does the CYBF champion entrepreneurship in Canada?


We’re where the rubber hits the road. We work with young people who have really brilliant business ideas but cannot find the commercial means to start the business – they need money and advice. We really focus on the startup phase and start the entrepreneur into the growth and expansion phase. We’re the organization that hands off the entrepreneurs to organizations in Canada that help them grow. We have strong partnerships with the Business Development Bank of Canada (BDC), so the entrepreneurs can get access to BDC funding for the second stage.


We also provide young entrepreneurs opportunities to advise key government officials on entrepreneurship in Canada; we’ve had roundtables with the Minister of Finance, with the Minister of State for Small Business and Tourism. We’ve had roundtables with the Prime Minister of Canada. We have introduced 43 mentors and entrepreneurs to Prince Charles (CYBF is a member of the Prince’s Youth Business International).

I know you don’t like to pick favourites but can you highlight a couple of success stories?

Harry Chemko runs Elastic Path software in Vancouver. He started about eight years ago and he could not find anyone who would support his business idea, which was a digital financial platform. Fast forward Harry now has offices in London England, well over 200 employees and he also was able to get the bid for the Vancouver Olympics and had an online store for the Olympics. He also sits on an advisory board to the Canadian Council for Small Business and Entrepreneurship that reports to Industry Canada.

In Moncton, N.B., there’s PropertyGuys.com. They like to tell the story of being so poor that they used to lift up the sofa cushions to look for quarters. They had an idea of starting an online real estate company where you didn’t need an agent to sell your house. They now have more than 300 franchises across Canada. We gave them $15,000 and a CYBF mentor. (CEO Ken LeBlanc sits on the Canadian Franchise Association’s Board of Directors.)

Since 2010, when you founded the G20 Young Entrepreneur Summit (and the G20 Young Entrepreneurs’ Alliance) how have Canadian delegates maximized being part of this ecosystem?

It doesn’t matter what the content of the summit is, just bringing 500 entrepreneurs together in one venue, you can get up to the clouds on the energy. Entrepreneurs are essentially lonely because they’re opening up these businesses and when they first start they are the janitors to the marketing to cutting the cheques to the strategy. And as the business grows you get more people around you. What this (summit) does is give you a community and that’s amazing. It’s a great networking opportunity to hear from successful entrepreneurs around the world and there’s a lot of international business that goes on.

What value does it bring to Canada to champion such an initiative?


The delegates can impact public policy at the national and regional level. Last year, three of our delegates were able to get in front of their provincial premiers to talk about entrepreneurship strategy in their provinces. They talked about ‘what do you have in your budget; what programs do you have here; how does taxation affect me’. The very fact that they can make it into that level is outstanding when you think that’s it’s only been 20 months since we started the whole initiative.

 

 

Amber Nasrulla is an ex-pat Canadian writer based in L.A. who specializes in profiles from business leaders and scientists to Hollywood celebrities. Her work has appeared in North American and British publications including L.A. Times, The Globe and Mail, Los Angeles Magazine, ELLE Canada, Chatelaine and London Weekly Times.

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No-one enjoys tax season except perhaps bean counters at Revenue Canada and cheerful accountants. The rest of us sweat pellets. And entrepreneurs who hustle year-round to be innovative don’t always have time to wrestle with the additional burden of accounting. Consider turning to Information and Communication Technologies (ICT) to stay organized and more nimble. For months, Jean-René Halde of the Business Development Bank of Canada has been urging SMB to include ICT in their business strategy.

TTB spoke to Kirk Simpson, CEO and co-founder of Wave Accounting in Toronto, for ideas on how ICT can be used to increase competitiveness and innovation. For instance, Wave’s free online accounting software eliminates the time spent on manual entry, by connecting to bank statements or online banking accounts. Leaving time for Step One: maximizing your social networks.

 

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What steps should a SMB owner take for making the right ICT purchase?


Leverage their networks. Ask questions on Quora, LinkedIn, Facebook, Twitter –wherever you talk to your peers. Leverage their experience so you don’t have to do the research on your own. And be specific! Ask them, “Is Product X or Product Y better for the following scenario...” Odds are, someone has already done the same comparison.

And avoid analysis paralysis. At Wave, we’ve learned that sometimes you could study a decision longer before making a purchase, but will a 5% advantage in cost, for example, offset the time and effort and delay in making the decision? If not, just pull the trigger and don’t agonize over the consequences. Better to get it done now and move on to something more productive.

In what specific ways can an ICT purchase become a vital tool for competitiveness?

Anything that simplifies and streamlines can be useful to a small business owner. If a tool can save you time, keep you organized, make you more nimble... those are all things worth considering.

Depending on your business, also consider your quality of life on a personal level. Will a given purchase allow you work remotely, for example, and spend more time with the family? That can be a huge asset. I use a variety of tools and applications that allow me to do a ton of work on the road, at home, waiting in airport lounges, and so on.

Wave_accounting.jpgWhat are some things a SMB owner can do to create urgency for innovation in the team? 

Instill a sense of ownership in your team. They need to know that their innovations matter, that their creativity is valued, and that it’s part of the reason you chose them to fill the role they're in. Set up a way to recognize and reward innovation, whether that’s connected to a tangible payoff or just bragging rights. And make the feedback loop a short one. When a great idea comes up, acknowledge and reward it quickly so that more innovation can be inspired in its wake.

The scenario: you're talking to a SMB owner who isn’t in the technology sector but needs innovators…what advice would you give around hiring?

Tough question. I’d suggest that they ask for real-world examples of the candidate’s innovation in action and then follow up with those employers to see if their vision for what they accomplished matches up with how their employers viewed it.

Also, if possible they should see if a friend or a friend of a friend with technical expertise will sit on their interviews with them. The coffee, beer or dinner that it would cost would be worth it!

Everyone is tangling with tax returns this month – how is Wave Accounting taking away the pain for small businesses?


Wave is all about taking the pain out of accounting and bookkeeping, and that pain is largely around the time it takes to get the job done. With Wave, you can collaborate in real time with a professional advisor, like a tax preparer or accountant. The whole process is smoother and easier than anything involving spreadsheets and shoeboxes full of receipts. Our customers save time and spend less to get their taxes done. And since Wave is free, and offers special deals on other products and services, our customers wind up with even more money in their pockets at the end of the day.

We’ve also created a Year-End Survival Kit to walk business owners through the process of getting organized and filing their taxes, whether they’re Wave customers or not.

 

Amber Nasrulla is an ex-pat Canadian writer based in L.A. who specializes in profiles from business leaders and scientists to Hollywood celebrities. Her work has appeared in North American and British publications including L.A. Times, The Globe and Mail, Los Angeles Magazine, ELLE Canada, Chatelaine and London Weekly Times.

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I recently had the privilege of being interviewed by the globe and mail, offering my advice to Allistyle Inc. on its challenge to break into the Canadian plus-sized fashion industry (Globe and Mail – the Challenge – Plus-sized fashion line struggles to sell – March 7, 2012).

 

My immediate thought, after hearing about Ms. Pam Shainhouse’s struggle, is whether or not she has had the opportunity to study her customers. Sales are driven by demand. This truth applies to any business. It is critical for entrepreneurs to have an in-depth understanding of their industry, competition and customers before they approach any market.

 

In Allistyle’s case, stores base their buying decision on how quickly they can move what they purchase. By understanding the plus-sized fashion trends, the size of the market and how Allistyle fits in the industry, Ms. Shainhouse can better assess the reason(s) behind why Canadian stores are turning her down. In addition, regional influences can be a factor. For example, the West Coast’s Lululemon culture may dictate consumers’ taste in fashion. If Ms. Shainhouse can invest some time in investigating the market, she can better position herself going forward.

 

How Allistyle’s fashion is different from that of other suppliers is the next question Ms. Shainhouse needs to examine. She believes her fashion line delivers style that is not present in existing plus-sized clothing. Do plus-sized women, her end-customers, in fact feel the same way about her clothes? By understanding what truly sets Allistyle apart will help her revamp Allistyle’s sales and marketing approach.

 

Understanding consumers’ current shopping behaviours, such as where plus-sized women currently purchase their clothes, what influences their buying decisions and how they are buying (e.g. online or in-store), will help Ms. Shainhouse identify how to better reach her market. If plus-sized Canadian women are currently shopping online because of the stigma or a self-confidence issue around being a plus-size, it may take more time to acquire the Canadian market as Allistyle is trying to change consumer behaviours. On the other hand, if Allistyle’s fashion line is correctly positioned and it is a matter of finding the right distribution channel, it can then focus on the right issue.

Marketing also matters. How Ms. Shainhouse has been approaching the Canadian stores and marketing to them can determine how receptive purchasers are. If Allistyle has been better received in the U.S. due to its spokesperson’s popularity south of the border, I would suggest for Ms. Shainhouse to build upon the exposure and further leverage Ms. Whitney Thompson’s creditability and current celebrity status. By garnering more media attention and generating buzz in the U.S., the Canadian market will start paying attention to Allistyle as well.

 

At the end of the day, achieving a positive cash flow is the main goal for any young company. My advice to Ms. Shainhouse is to follow where the money is. If the US market is responsive, the focus should be on establishing a solid customer base and brand following while also examining her Canadian efforts by way of in-depth market research before she re-strategizes her approach to her home market.

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Sandy Huang is the President & Principal consultant for http://www.pinpointtactics.com/about/our-company/Pinpoint Tactics Business Consulting with the goal of guiding other businesses to success.


On March 19th, TELUS and The Globe and Mail announced the launch of their 2nd annual contest for Canadian small business owners.  Additional details available at: www.theglobeandmail.com/thechallenge

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Why do good employees quit? How can organizations reduce burnout, improve productivity and, ultimately, keep workers from jumping ship? Bailey Vaez, founder of Toronto-based Proactive Movement, a strategic workplace wellness and productivity firm, looks for teaching opportunities in stressful situations, even when it seems inevitable the employee will leave. For example, if a worker is having a hard time working with a difficult client, yet enjoys all other aspects of the job, Vaez says, “The best thing to do is to recognize the interactions with a client as a personal learning opportunity to enhance patience, communication and conflict resolution strategies.”

TELUS spoke to Vaez, an industrial engineer, for ideas about employee retention. Proactive Movement’s onsite services include de-stress workshops and health challenges. Its diverse clients include Novartis Health, Harlequin Novels, and Esso, among others.



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Let’s start with the basics, what are the factors that make employees stay put at a small to mid-size company while others move on?

 

By comparing our employee opinion survey results from one organization to the next we’ve seen how much organizational culture truly matters. Sure, rewarding work, compensation, and personal development are vital to employee retention; however, being valued and recognized as a part of a bigger movement with positive culture is key.

The way I see it, if the leaders and management groups of an organization truly care about the advancement and well being of their employees, their employees will replicate and go above and beyond what is expected of them.

At my small company I recently had to lay-off three people. What are some affordable wellness initiative options to head off burnout in the staff that remain?


Keys to success are to get employees to eat right, rest and keep physically active and they will thrive no matter what type of environment or workload.

From a programming perspective that involves awareness, knowledge and action.  First, implement a health-check survey to evaluate current stress and energy levels and to identify if employees are at high health risk. Second, empower employees by giving them applicable tools and knowledge on what to do with regards to burnout; suggestions on what to eat (or avoid) in highly stressful times, how to manage stress when working on tight timelines, quick steps to enhancing energy levels, and time management tips. Third is action. As an employer, enable healthy activity for your employees such as a 30-minute lunchtime yoga class, after-work group boot camp or a 10-15 minute chair massage at the office.


What are the tangible benefits of employee wellness programs?

 

At the organization level there are cost reductions. Healthier employees translate into a reduction in the use of benefits and drugs and less sick days. Employees, meanwhile, can achieve a personal health goal (losing weight; becoming more active) through workplace services or simply feeling better.

How else do you recommend I keep employees motivated?


Employers can keep motivation high by listening, communicating, recognizing, and connecting with their employees. High impact, yet low effort suggestions for organizations include:

 

  • Personal & Career Development leading to advancement opportunities
  • Regular feedback and dialogue with superiors
  • Positive working relationships with peers, superiors, and subordinates
  • Inspirational leadership equipped with effective internal employee communications
  • Recognition for great work done and rewards to motivate
  • Celebrating success & failures
  • Creating balance and enabling opportunities to renew in the midst of the day


I manage 30 remote workers around the country. What can a company do to retain them?


Create human connections: Working remotely can create isolation so it’s best for organizations to include remote workers as often as they can in both business and off-hours events and activities. For our clients we’ve created company-wide online/mobile health challenges, which advocate employee engagement, team work and healthy competition and gets all business units and employees involved.

 

Keep a culture of learning: Often remote employees can’t reap the benefits of onsite training but it’s vital that the organization includes remote employees in its training and development plans.

 


Amber Nasrulla is an ex-pat Canadian writer based in L.A. who specializes in profiles from business leaders and scientists to Hollywood celebrities. Her work has appeared in North American and British publications including L.A. Times, The Globe and Mail, Los Angeles Magazine, ELLE Canada, Chatelaine and London Weekly Times.

1,724 Views 2 Comments Permalink Tags: strategy, 10-99, 100+, 1-9, business, tips, mobile_working, balance, entrepreneur, small_business, business_owner, medium_business, employee_retention
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In celebration of the launch of the TELUS and The Globe and Mail #challengecontest on March 19th, I had the opportunity to sit with Jim Senko, the VP of small & medium business marketing & Mobility at TELUS and contest judge to find out what he’s looking for from contest entries this year.

 

 

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What did you enjoy most about being a judge of The Challenge in 2011?

 

It was seeing the passion small and medium business owners have for their businesses and the great ideas that they have to continue to build and improve not only their business, but themselves and their employees.  We are so proud to support small and medium business in Canada with The Challenge contest - innovation and entrepreneurial spirit are key to strengthening and growing the Canadian economy, and I’m looking forward to helping Canadian entrepreneurs overcome their business challenges.

 

What do you see as the biggest challenge facing small and medium business owners today?


I would have to say financing and cash flow.  It’s still a tough market out there and that’s one of the many reasons why we’ve chosen to invest in and support small and medium business in Canada.  If we can make things easier for business owners and take one more challenge off their plate, we’re happy to do it.

 

What are you looking for from contest entries as a judge in 2012?


Passion, dedication and a focus on tangible performance improvements.  That’s what makes businesses and owners successful. 

 

If you believe in your product or service, your business and employees, you’re hungry to continuously improve and you passionately drive for results, those are the basic building blocks that will make sure you do all of the other things right.  Things like putting customers first, giving back to the community and constantly innovating to stay on top of the latest trends.  Once you have those things in place a major grant and national profile in Canada’s most respected newspaper can only magnify the success you’ll already be seeing in your business.

 

What are you most excited about kicking off The Challenge this year?


I’m most excited about being able to help more owners get excited about their business again.  That’s what was most rewarding from Sandberg Labs’ story.  Not only did the $100,000 grant help their operations, it brought back the original enthusiasm they had for their business.  It’s not just about business, it’s about what this investment does for people and communities – and the impact is huge.

 


Rebecca Bailey is a Product Manager with TELUS and manages marketing campaigns dedicated to small and medium businesses.

 

For more information on how TELUS is built for business, visit: www.telus.com/builtforbusiness

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Angela and Justin Quinton from Sandberg Labs in Lethbridge, Alberta are likely having a hard time counting all the changes that have happened to their business since winning the $100,000 grant from the TELUS challenge contest. It has provided much needed capital to purchase and update equipment but it also has allowed them the opportunity to access business resources. As a sales and marketing consultant I was tasked with marriage marketing with technology to enhance the business’ relationship with current and potential customers.


Did you know that when the telephone service changed from operator service to the “dial” phone, instructions were shown in movie theatres about how to use the actual dial?  Surprised? See it on Youtube:

 


Technological advances are a little scary and confusing when first introduced for both consumers and businesses – but they don’t need to be. Here are three tips on how to not be afraid to use current technology in your marketing.

 

  1. Be professional. Having a website has now become the #1 sales and marketing tool a business can have. Most businesses, even Mom and Pop shops, realize the importance of having a website but many don’t recognize the importance of hiring a professional to build the site. You only have a few seconds before visitors decide if they will stay on your site and so an amateur-looking website or, one that is hard to navigate around, is a guaranteed way to make potential customers click away. Most amateur websites are created by people who don’t want to pay for a professional but gone are the days of having to hire a webmaster and then pay high maintenance fees. Thanks now to technology, websites can be developed using content management software (CMS). This allows a professional to create a properly designed site with effective navigation, and then turn it over for you to update. Check out http://www.joomla.org or http://www.concrete5.com.
  2. Don’t know... don’t guess. Many people find the sales and marketing activity of running their business frustrating because they don’t know if what they are doing is working. So, monitoring of these activities is essential. If you have a website or a blog, you must have Google Analytics engaged. This free tool allows you to know when people visit your site, what pages they look at and even what city these visitors are living in. If you are participating in a trade show or put an advertisement in a medium, then monitor your analytics before and after will allow you to gauge if that activity was effective in driving people to your website for more information.
  3. Get social. Yeah, I can hear you screaming “Social Media is just a bunch of work and I don’t care if someone is having lunch at XZY restaurant.”  Social Media for personal use can be a fun way to keep in touch with people, but it can also be a time gobbler.  Social Media is here to stay whether you like it or not but it can be a very cost effective way to create awareness for your business. An entire generation is getting information on products and services only through Social Media sites, but they aren’t alone. The under 35-aged crowd is the largest growing demographic segment embracing Social Media. Now is the time for you to get serious about learning about Social Media for business.  

 

 

Lynda Kavanagh is the author of “Sales suck ... NOW WHAT?”™ a guide book for micro, mini and small business on sales and marketing. Her company, WOW Communications & Training Corp. is an Alberta based company that has been helping businesses and organizations with sales and marketing issues since 1994.

 

Today, TELUS and The Globe and Mail announced the launch of their 2nd annual contest for Canadian small business owners.  Additional details available at: www.theglobeandmail.com/thechallenge

642 Views 0 Comments Permalink Tags: 10-99, 1-9, business, entrepreneur, small_business, business_owner, smb, #challengecontest, #teluschallenge
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As Aaron McArthur, Global BC’s news anchor and the event Emcee, stated: “Entrepreneurship is the lifeblood of any economy.”  That alone was reason to celebrate and British Columbia’s small business community certainly did Tuesday night.  On Feb 28th, Small Business BC held the 9th Annual Successful You Awards at the Pan Pacific Hotel and the venue was spectacular.  In addition to the new venue was the addition of two new awards.  The 2012 Successful You awards celebrated winners from the following 6 categories:


Best Company: Williams and White
Best Concept: EightSix Network
Best Employer: Eclipse Awards
Best Green Business: Pemberton Valley Lodge
Best Online Marketer: Masc
Best Community Impact: Kids Physio Group

 

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(Photo) Successful you award winners & finalists


As the last award was handed out, it was time for the highlight of the night: Canadian hockey hero and Keynote Speaker, Trevor Linden.  Aaron McArthur said it best: ‘how do you introduce someone who really needs no introduction?’


Trevor began by recalling his days as a hockey player and how the game has evolved over the years.  And what drives the change is competition.  In the hockey world or in the business world, your competition is what forces you to evolve and be more innovative in order to make yourself better.  He made an excellent point when he acknowledged that every business takes a different path but the end result they all seek is the same: running a successful business.

 

 

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(Photo) Hockey professional turned entrepreneur, Trevor Linden


Since his retirement in 2008, Trevor transitioned into the business world by venturing into the fitness industry and eventually launching two Club 16 Trevor Linden Fitness locations, with a third one opening in April.  The journey has made him realized how hard entrepreneurs have to work.  Not only do business owners need time, effort, capital, commitment, determination, and passion, they also need the courage to seek opportunities and build their vision.


Listening to Trevor speak made me think about the connection between his storied career and the life of a small business:

  • It’s full of ups and downs
  • You need the best team to help you be successful
  • When faced with challenges, you need to face it head on and find solutions
  • You are constantly learning and finding inspiration from others
  • Passion is what keeps you wanting to do it every day

 

If you missed out on entering the Small Business BC Successful You awards and the event Tuesday night, consider entering and attending the event next year.  If not to attend as an award finalist, then attend as a visionary seeking the inspiration you need.  The event could be the first step you take towards building your idea into a successful business.

528 Views 2 Comments Permalink Tags: strategy, 10-99, 1-9, business, entrepreneur, small_business, small_business_bc, enterprise, business_owner, awards, hockey
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