Whether you don’t yet have a business, or have been running a business for years, market research can be of value to you. But what is market research, you ask? It’s about gathering information on your industry, customers, and competitors so that you’re more aware of what’s going on around you. Once you have this information, you’re in a better position to avoid costly mistakes and make business decisions related to marketing, operations, and the business’ financial situation.
Blog Category: Startup
Thirty-five years ago if you asked my father what he did for a living, he would say he was a business owner and there was no degree in the world that could teach you this stuff! Fast forward to now, and if I asked the same question, most people would say they are entrepreneurs and you can get a degree in entrepreneurship from a number of Universities.
These days, when the entrepreneurial bug bites, many hopeful small-business owners launch social enterprises—businesses that tackle social, cultural or environmental issues by “being part of the solution” while simultaneously turning a profit. Large and small, there are thousands of these businesses across Canada, and their numbers continue to grow.
Delree’s Native Art Gallery is located in the quaint town of Didsbury, 80 km north of Calgary. It opened October 6, 2015, which is also Delree’s mother’s birthday. Every year on October 6, they have a celebration in honour of her and her Birthday. Delree’s Iconic Sign hangs above her storefront adorned with one of her very first paintings: “Waiting for Grand Entry” – a rear view of a jingle dress dancer.
Crowdfunding can be a great low-risk way for startups to get financial support for their business ideas. As I recently ran my own crowdfunding campaign, I learned a few things along the way that might assist other entrepreneurs. Here are a few tips that can help make your crowdfunding campaign a success!
The government announced a huge policy change that revolutionized the face of business in profound ways. This was back in 1993 when the Alberta government decided to privatize liquor sales. Up to that point, liquor sales were done in a cold, formulaic way that only a government could. The government of the day decided to open up the market to private enterprise, and everywhere you looked, everyone you talked to, people saw opportunity and money. I watched the whole thing unfold with rapt attention.
Free rent is just one negotiable factor in a commercial lease, which my business partner and co-author, Jeff Grandfield, and I explain in our new book, Negotiating Commercial Leases & Renewals FOR DUMMIES. Even if you did not receive a rent-free period when you signed your first lease, you may be eligible for one when you renew (although you may have to work harder to get free rent on a renewal).
Have you ever been out hiking, fishing, or camping, and had a craving for a premium cocktail, but didn’t want to lug around the heavy ingredients? If that's the case, BarCountry is the company for you! The owners Mathieu and Kole are adventurers themselves, so they know packs are tight on space. All you need is a flask of your desired alcohol, some water, and one of their dehydrated cocktail mixers to enjoy your drink of choice at the end of a grueling day.
With the influx of microbreweries in Alberta, hearing about another one may not catch your interest. But I can assure you this: Village Brewery is different. Jim Button, one of the co-founders of the brewery, is a driving force behind that fact. Not only does he have a strong background in marketing and brewing, but he has an infectious passion for his community and a strong commitment to volunteerism and philanthropy.
Since the first travellers visited the hot springs in Banff in the railway era of tourism, Alberta has been a compelling destination for visitors worldwide. More than 100 years later, tourism still plays a vital role in Alberta's continuing economic success and contributes to the social vitality of the province. Today, tourism in Alberta is comprised of 19,000 businesses, provides 127,000 jobs in Alberta and generates $8.1 billion in expenditures.