November 27th, 2024

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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 »

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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 »

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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 »

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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 »

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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 »

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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 »

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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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Business Beat: Time to focus inward

By Medicine Hat News on May 2nd, 2018

What image does the word “entrepreneur” generate in your mind? If I close my eyes and let my thoughts roam I see an individual striving to launch a business. They’re busy. Driven. Resourceful. Perhaps with an independent streak and an ability to accept and manage financial risk as they pursue an opportunity. I’d guess there’s ... Read More »

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Business Beat: Strength of our community is in our volunteers

By Medicine Hat News on April 18th, 2018

April 15-21 is National Volunteer Week, celebrating a 75-year history of volunteer recognition, dating back to the first Canadian proclamation in 1943. The third week in April was proclaimed National Volunteer Week in all communities across the country in 1990 and is now firmly established as the highlight of the year for paying tribute to ... Read More »

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Business Beat: Hop to it and reap the rewards

By Medicine Hat News on April 11th, 2018

With spring around the corner, opportunities to serve Alberta’s fast-growing brewery industry are ready to sprout. Literally. It’s no secret that Alberta’s brewery industry is booming, with over 65 microbreweries operating in the province as of October 2017. What’s more, the number of breweries increases every time a new report surfaces. And while entrepreneurs rush ... Read More »

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Business Beat: Four ways an effective marketing plan can help your business win

By Medicine Hat News on January 31st, 2018

Your marketing plan is an essential tool to helping you reach your business goals. It will be the roadmap you follow to determine what actions you will take to reach your customers and how you will continually assess and evaluate the overall effectiveness of your marketing activities. The Community Futures office of Medicine Hat has ... Read More »

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