A Strava-like mentality can take your business to a whole new level
My cycling buddies have been using the phone app Strava for years to track their rides. While this isn’t novel, the appeal of Strava is that, like Facebook, you can see what your friends are doing and comment on their activity. Unlike Facebook, there’s honesty in postings because your whole activity is measured, not just…
Available workers are rarer than openings now. Smart business people will start making adjustments so we can all enjoy some prosperity
At last we’re beginning to see beyond the pandemic to a return to more normal times. Businesses are reopening. Corporations have capital to invest and are starting to do so. Thanks to government support during the pandemic, many people have savings to spend. The combination of a liberation from lockdown and all these available funds…
The future possibilities for helium seem infinite
By Pat Price Reporter Troy Media/TNW Avanti Energy Inc. (TSXV:AVN) (OTC:ARGYF) has assembled an expert team of former oil and gas employees, including eight people from the former Encana Corp. Several of those employees were part of the team during the early stages of the discovery of the Montney Formation, one of the premier natural…
Alberta-based 48Hour Discovery works with some of the world’s largest pharmaceutical companies to streamline the process
With the cost of drug development beginning to skyrocket in the 1990s, pharmaceutical giants thought the path to better economics lay in high-throughput screening facilities that would test libraries that ranged in size from a few thousand up to million compounds at a time. “Separate shelves, many rooms, with the emphasis on robotics and automation…
Canada must emulate countries such as Liechtenstein and Malta, which adapted legislation in advance to attract crypto entrepreneurs
The Canadian cryptocurrency industry knew mainstream adoption would inevitably come with a regulatory load, especially after the 2019 collapse of the largest exchange at the time, QuadrigaCX. Participants, however, didn’t expect regulators to come with one of the most heavy-handed approaches possible. On March 29, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory…
The masks needed to be reusable and seal around the nose so the user’s glasses don’t fog up
James McCrimmon is the inventor of an accessory to keep your beer cool. His Alberta-based business relies on major events like Canadian Football League games and rodeo for sales. When the COVID-19 pandemic hit, McCrimmon found his proverbial keg empty. But instead of crying into his frosty mug, he decided to reimagine his product into…
FDA approves MEDO’s tool offering simpler, more reliable diagnostic scans for thousands of patients
A University of Alberta spinoff company has received FDA approval for an artificial intelligence tool that could revolutionize thyroid ultrasounds, making the procedure faster and easier for thousands of Canadians who undergo it each year. MEDO.ai, with offices in Edmonton and Singapore, received approval last month from the U.S. Food and Drug Administration for its…
It’s not just the wealthy who will feel the pain
As the federal government’s debt soars by $424 million per day, Canadians need to be on guard for the Trojan horse of politics: higher taxes on the wealthy and businesses. These taxes won’t balance the budget. But they will make it easier for politicians to get their tax hikes through the city gates. And once…
The big one: Are you willing to make sacrifices?
People reach out to me weekly for advice on whether they should diversify their business and sell an additional product or service. There also seems to be a flurry of entrepreneurial types who see opportunity as a result of the current changes in the economy. They believe they have the next great business idea that…
Lockdowns, inventory disruptions, staffing issues and cash-flow challenges have sapped many entrepreneurs of their passion
The economic climate has changed the way business owners think about their businesses. While my firm worked with companies before the pandemic, helping them to prepare their businesses for transition, there seems to be a flurry of interest from owners ready to exit their businesses. There are several reasons why people are thinking of selling…