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Business Beat: Aligning new business offerings with emerging industry trends
By Medicine Hat News on August 22nd, 2018
As an economy changes so must aspiring entrepreneurs if they want to keep up. Growing and sustainable economies happen best when entrepreneurs and communities embrace global trends that work with local attributes and natural resources. The recent attraction of a number of emerging industry companies to the Medicine Hat region are proof that this phenomena ... Read More »
Be the first to comment!Business Beat: More on understanding the patent process
By Medicine Hat News on August 15th, 2018
This is part 2 of the two-part column. Read part 1 here Navigating the process to obtain a patent is complicated. Last column, we invited Dan Polonenko to help answer some questions to help local entrepreneurs and business owners understand more about the patent process. This column we continue with the remaining patent questions. Dan ... Read More »
Be the first to comment!Business Beat: Resetting priorities to help Canada compete
By Medicine Hat News on August 8th, 2018
The Canadian Chamber of Commerce President and CEO, Perrin Beatty, recently spoke at a Chamber of Commerce Business Before 9 in Ontario and below are a few excerpts from his speaking notes that merited sharing locally, particularly in follow-up to my article last month on ‘Death by 130,000 cuts’. I hope readers are riveted by ... Read More »
Be the first to comment!Business Beat:Crazy for kombucha
By Medicine Hat News on August 1st, 2018
The kombucha craze has yet to hit Medicine Hat. Sure, you can buy kombucha on tap at a few local businesses. And of course Costco carries it by the case. But I’m not aware of anyone with plans to make kombucha on a commercial scale. Not yet, anyway. For the uninitiated, kombucha is a sweetened, ... Read More »
Be the first to comment!Business Beat: Understanding the patent process
By Medicine Hat News on July 25th, 2018
This is part 1 of the two-part column. Read part 2 here Navigating the process to obtain a patent is complicated and so this month we invited Dan Polonenko to help answer some questions to help local entrepreneurs and business owners understand more about the patent process. Dan is a registered Canadian and U.S. patent ... Read More »
Be the first to comment!Business Beat: Stand out in business and beat the competition
By Medicine Hat News on July 18th, 2018
Success takes work. You do not make it to the top without doing what others will not. This is true in life, and especially accurate in business. Taking a proactive approach and expecting more of yourself everyday does take effort, strategy and discipline; however, in the end it will save you time, make you money ... Read More »
Be the first to comment!Business Beat: Death by 130,000 cuts
By Medicine Hat News on July 11th, 2018
While there is no measure of the total number of regulations across all levels of government faced by Canadian businesses, there are figures that help illustrate the extent of regulation in the economy. In 2015, the federal government reported that there are 131,754 federal requirements that impose an administrative burden on businesses. This is an ... Read More »
Be the first to comment!Business Beat: Business model canvas explained
By Medicine Hat News on June 27th, 2018
Writing a business plan can be a daunting task for entrepreneurs. But it doesn’t have to be. In fact, writing a solid plan can be a fun collaborative process that helps entrepreneurs save time, improve team collaboration, and look deeply at the integral pieces of any new product or business venture. The business model canvas, ... Read More »
Be the first to comment!Business Beat: Thirty years in business
By Medicine Hat News on June 20th, 2018
Community Futures Entre-Corp in Medicine Hat is celebrating 30 years of business. During this time, we have helped more than 1,200 small businesses get started in southeast Alberta by helping entrepreneurs access approximately $32 million in loans, leveraging another $28 million, creating or maintaining another 3,452 jobs in the region. We have helped train thousands ... Read More »
Be the first to comment!Business Beat: The economic impact of cannabis production in Medicine Hat
By Medicine Hat News on June 6th, 2018
On April 16, 2018, Aurora Cannabis announced plans to construct Aurora Sun, a 1.2-million-square-foot cannabis production facility, in Medicine Hat. According to publicly available statements, Aurora’s new greenhouse will cost $120-million to build and will employ 450 people when fully operational. Using these numbers as a starting point, and rounding out the picture using data ... Read More »
Be the first to comment!Business Beat: The art of networking
By Medicine Hat News on May 23rd, 2018
Many good things, can truly be “lost” unless they are continually practised and exercised. I believe that there is an art in the practice of business networking and referring business. Once a business owner learns to do this well that skill can turn into increased sales. Networking and referring business may be one of the ... Read More »
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