In the age of digital connectivity, online shopping has emerged as a game-changer, reshaping the landscape of retail. For independent retailers, this shift has brought both challenges and opportunities, fundamentally altering the way they operate, connect with customers, and compete in the market.
A report from the Business Development Bank of Canada (BDC) reveals a concerning trend as the country witnesses a decline in entrepreneurs. Despite a growing population, there are 100,000 fewer entrepreneurs than there were 20 years ago, prompting the BDC to emphasize the potential impact on the economy.
Business insolvencies in Canada experienced a substantial increase of over 41% in 2023, as reported by the Office of the Superintendent of Bankruptcy.
Entrepreneurs should know about business incubators and accelerators and their services. If you are starting an innovative company, or if you know someone who is, here is a bit of background information to help you get started. For local business promoters we also have a bit of an in-depth assessment of the ins and outs of these kinds of business support programs.
Wayfinders believes that small businesses and community organizations will benefit from a constructive and supportive business environment. This can be supplemented with a well-designed and constructed web presence. Similar sites can be created for business and industry associations. To create a comprehensive local or regional economic development web presence at Wayfinders Business Co-operative, consider the … Read more
n the era of the membership economy, people are increasingly pursuing experiences, connections, and ongoing value over traditional business models. This shift has created a wave of enthusiasm for membership-based platforms, and leading the charge is Wayfinders Business Co-operative.
At Wayfinders Business Resource Centre, we invite you to embark on a journey of entrepreneurial exploration and business excellence. Our center is designed to be your compass in the dynamic landscape of small businesses, offering a wealth of resources and a supportive community to guide you on your path to success. Discover a Wealth of … Read more
Introduction Embarking on the entrepreneurial journey is akin to setting sail into uncharted waters. While there is no one-size-fits-all manual for success, the wisdom of experienced entrepreneurs and management gurus can serve as invaluable compass points. A growing number of entrepreneurs and nascent business leaders have found inspiration and guidance in the pages of popular … Read more
Many people today are unhappy with the meaninglessness of their work. Some turn to entrepreneurship to more fully explore their personal potentials. Embarking on the entrepreneurial journey is more than just building a business; it’s an opportunity to craft a venture that aligns with your deepest values and aspirations. As you set out to design … Read more
Embarking on the entrepreneurial journey is both exhilarating and challenging. While the possibilities are endless, so too are the risks. Small business failure is a common phenomenon, but understanding the leading causes can be the key to steering clear of these pitfalls. Let’s delve into the factors that often contribute to setbacks and explore strategies … Read more
