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News Roundup for SME Businesses & Startups

How to Raise Capital For Your Startup If you need to fund your startup, you also need to have a solid business plan, persuasion skills and patience. That said, here are four ways to raise capital for your startup: Family and friends: A low-interest, loose-structured loan that allows you to repay once your business starts generating a profit is ideal. Angel investors: In exchange for a stake in your business, they can provide expertise as well as capital. Also, if your venture doesn’t take off, the investor doesn’t expect repayment. Crowdfunding: After joining a crowdfunding platform, you explain your idea and hope it attracts several investors. Crowdfunding is based on different models, including equity investment, as well as rewards-, donation-, and loan-based financing. Loans and grants:...

News Roundup for SME Businesses & Startups

Want Your Business to Succeed? Hire Moms. Hire Vets. Hire Boomers. Hire People With Disabilities. Here’s Why Companies are competing to recruit the same Harvard MBAs and Silicon Valley talent, but the co-authors argue that this overlooked talent pool of underrated people might actually be the best recruits: Moms, “The most overqualified talent stuck at the playground”; Veterans, “Wired for everything from customer intel to robotics”; Retirees, “Who wants to golf when you can reinvent yourself”; People with disabilities, “They’ve spent a lifetime problem-solving”; and Career Pivoters, “Hungry to recast their agility to fit your industry.” For each talent pool, there’s the case for hiring them, where to find them, how to help them succeed, and “worth knowing.” Additional points for some incl...

News Roundup for SME Businesses & Startups

A Startup Guide to Attracting Millennial Talents The key to attracting millennial talents is first and foremost to offer candidates a flexible work environment where they have the option to work during their most productive hours and in an environment that fosters creativity. Other incentives that millennials look for in a startup are: opportunities for training and development that will advance their position; an office culture of teamwork and nurture; mentorship; and a sense of purpose that appeals to this socially aware generation. 3 Components of the Perfect Elevator Pitch Whether you’re pitching a product, service or yourself, there are three essential steps: stimulating interest, transitioning that interest, and sharing a vision. Of the three, the first is the most important as time ...

News Roundup for SME Businesses & Startups

Civic Hall Toronto Creates a New Home for Civic Tech Yesterday (Thursday, May 10th), municipal leaders and innovators from the public, private and non-profit sectors gathered in Toronto to usher in Civic Hall Toronto. The newest member of the city’s civic innovation ecosystem, Civic Hall Toronto was borne out of a collaboration between the City of Toronto, the Centre for Social Innovation and the national nonprofit Code for Canada. Inspired by the success of similar initiatives in other cities, including Civic Hall New York and Paris’ Superpublic, the Hall’s mission is to help accelerate civic innovation projects by growing the commercial civic tech sector in the greater Toronto area. According to the Manager of Civic Hall Toronto’s Entrepreneurship Services, it’s “a unique opportunity for...

News Roundup for SME Businesses & Startups

CNE Emerging Innovators Pitch Competition Happens This August The Canadian National Exhibition (CNE), founded in 1879, continues its reputation as the place for people to view the latest innovations with its CNE Emerging Innovators Pitch Competition. The competition invites Canada’s young innovators to pitch their products or services at the CNE Innovation Garage over three days, from August 17th through the 19th, in seven distinct categories: Health and Wellness, Women Entrepreneurs, Indigenous Entrepreneurs, Travel and Leisure, Home and Everyday Life, Kids Technology, and Agriculture and Urban Farming. The top winners of each category will be endowed with a $5,000 cash prize and then move on to compete in the Ontario Semi-Finals on August 19th.  The two winners of the Ontario and Alberta...

News Roundup for SME Businesses & Startups

SWAT teams and patent trolls: inside Ottawa’s IP plan to promote Canadian innovators Canada’s federal government is implementing a series of measures to promote and protect the intellectual property (IP) of small and medium-sized businesses Canadian firms as they aspire to compete with large multinational firms in the tech and innovation sectors. Some of the measures include: Creation of a new “SWAT team” of experts inside the federal government to help small and medium-sized businesses retain control of their intellectual property; IP awareness and education program for Canadian entrepreneurs, focusing on companies run by women and Indigenous people; Allocation of $30 million for a pilot project to create a patent collective in Canada; and Legislation to protect patents, copyright and tra...

News Roundup for SME Businesses & Startups

Venue Rental: How to Choose Small Event Venues for Corporate Events & Seminars Planning a small corporate or business to business event? Our marketing manager shares tips on how to find the perfect venue. Among the guidelines are: when choosing your venue, focus on the purpose and goals of the event over cost, as free space isn’t always the best choice. He also lists questions to consider when preparing to find your venue, and steps to take to ensure your choice of a venue meets your event’s purpose and goals. 4 Phrases That Can Hurt A Manager’s Credibility Besides the obvious statements that undermine your credibility, such as “I’m only doing this because corporate is making me,” there are other common phrases that may seem harmless but can do damage to both you and your team. Here ar...

Choosing The Right Venue for Your Corporate Event or Seminar

Tips on How to Find the Perfect Venue for Your Small Event It’s incredibly easy to put the cart before the horse when it comes to finding an event venue for your small corporate or business to business event. To a great degree the venue you choose will be dependent on the purpose and goals of the event, expectations of the audience and budget for the event. Free Event Space Isn’t Always the Best Choice What if you have a free venue for your corporate event? You still need to access the free event space because it may not be suitable for the purpose of the event or meet your attendee’s expectations for the event. When choosing a venue your focus should be on meeting the purpose and goals of the event! Often small corporate events can be held in the business location to cut costs and for emp...

News Roundup for SME Businesses & Startups

The Room That Can Change The Entire Trajectory Of Your Company Companies in the business of innovation can’t afford to spend too much time on bad ideas. Nest founder Tony Fadell had worked closely with Apple’s Steve Jobs designing the iPod. Once at Nest, Fadell built an innovation room designed for one purpose: to kill bad ideas. It had no glass doors or windows, and its sparse décor reflected its purpose. Everyone in the room was given explicit permission to critique ideas openly and honestly, no matter if it came from a top executive or how much money had already been invested in it. Similar dedicated spaces exist at organizations like NASA and Netflix. Other companies known for innovation that have managed to sustain it for the long term view the room (or lab) itself as a catalyst. The ...

What is Coworking Office Space?

Coworking: The Who, What, Why & Where for Startups & Entrepreneurs As a marketer one of my prime resources for promoting all our products are the questions that potential clients ask about our services. Since coworking is a new offering in the flexible workspace category that we didn’t have a lot of questions about, I used a tool which identifies the questions in the suggestions that users get when they enter search terms into Google. The best content that I can add to a site is content that answers questions our website visitors may have about our offerings. Coworking: What Does It Mean? Easily the $64 question as even the spelling is disputed as to whether it is coworking or co-working. What it means depends on who you’re asking. To some users it means: All non-traditional office...