January 22nd, 2021

Business Beat: Business ecosystems key to successful growth

By Medicine Hat News on October 5, 2016.

I read an interesting article on the Chamber Ecosystem recently by Jason Marshall, business development specialist. It talked about how a Chamber is an ecosystem from which your business can exist and thrive. Much like a natural ecosystem, the Chamber ecosystem has an interrelated and interdependent food chain that is necessary for each entity to exist. The big businesses can’t exist without the small businesses. The small businesses can’t exist without the workers from the big businesses. The occupational health clinics can’t exist without the manufacturing plants. The manufacturing plants can’t exist without the construction companies. The construction companies can’t exist without the building supply companies. You see? Interdependence.

So, ideally, the Chamber’s role is to build a self-sustaining ecosystem in which businesses can interact and support one another. Once you’ve lived in this ecosystem for a while, you might get to thinking, “I don’t really need the Chamber anymore.” Hold that thought. Ask yourself a few questions: 1) Have I fully taken advantage of the networking opportunities the Chamber has provided me? 2) If the Chamber were to cease its existence, how many developments would arrive in the future? 3) How successful would my business be if other businesses in my ecosystem ceased to exist (remember…interdependence)? 4) Am I willing to play my small part in supporting the Chamber ecosystem in order to make sure it continues to thrive as a self-sustaining business generating ecosystem in which I am afforded many opportunities to succeed?

A Chamber of Commerce exists to support you, our business community, in this business ecosystem. We are there to help:

1. Connect business to business;

2. Connect business to consumer;

3. Connect business to Government services;

4. Voice the concerns of the business community about government regulations that impact day to day business operations;

5. Support your bottom line through discounted business programs and services

6. Create an interdependent network of businesses that help support, sustain and grow our community.

You need to take advantage of the ecosystem that was created by businesses just like you and was created to support you. Our Chamber is full of hard working, helpful individuals who are willing to help those who are willing to help themselves.

So, take advantage of what the Chamber has to offer — whether through our network, business supports, information, resources or events and see where it gets you. You might be surprised.

Read the full article on the Chamber Ecosystem here: https://www.linkedin.com/pulse/chamber-ecosystem-jason-marshall

Lisa Kowalchuk is the executive director of the Medicine Hat &District Chamber of Commerce. For more information on the Chamber visit: http://www.medicinehatchamber.com

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