We've entered a new era. It's the new world after the pandemic. This era challenges everything from the economy to business models. It also opens doors of opportunities like never before. The new normal opportunities to grow better and have a more valuable business.
Many Canadian business owners are trying to make sense of the current economic cycle. While there is no perfect answer, there's a predictable pattern. Every cycle generates opportunities. Businesses that are looking beyond the buzzwords are ready to capture opportunities.
AI (Artificial Intelligence) is here to stay and be part of our lives. It can be a good tool for productivity. Can AI also stand for Actual Intelligence? Human insight, connection, and belonging are the value drivers of business growth.
Last but not least, local is back! Canadians are looking for and prefer local businesses. The new era is the shift away from global to local. Businesses that create local value will grow better and become more valuable.
Welcome to a new era and to the first issue of Canadian Business Owner. Multicultural Entrepreneurs Business Community magazine.
Published! Canadian Business Owner magazine winter 2023 edition. Available online to view at mebccanada.com. Special thanks to all the contributors, supporters, and the Canadian Business Owner - Multicultural Entrepreneurs business community. Canadian Business Owner magazine is registered with ISSN Canada: ISSN 2817-1926. The online magazine will be published quarterly. Click on the magazine below to view it.
According to the 2021 Business Statistics Report by the Government of Canada, out of the 1.22 Million Canadian businesses, over 55% are 1-4 person businesses.
Over half a million of 1-4 person businesses in Canada are in service industry.
The report further reveals that over 527,000 businesses that are 1-4 employee are in service industry and about 150,000 are in goods producing sectors.
About 80% of Canadian Businesses are in Service Industry
78.9% of businesses in Canada are service-based businesses only 21.1% are in goods producing businesses.
Only 0.2% of businesses in Canada are large and about 1.9% are medium-sized
Out of the 1.22 million Canadian businesses about 98% are small businesses. 55% of them are micro-enterprises 1-4 person businesses, and 18% are 5-9 employee businesses.
More than half of Canadian Small Businesses are in Ontario and Quebec
There are about 440,000 small businesses in Ontario and over 250,000 in Quebec.
Running a successful business with a smaller team as small as 1-4 person is the best opportunity for most entrepreneurs in Canada. About 2/3 or 62.5% of micro 1-4 person businesses in Canada remain active and grow beyond their first five years.
Connect. Belong. Grow.
MEBC Canada is the R&D platform for Multicultural Entrepreneurs Business Community in Canada. Founded by Rasheed Walizada, an entrepreneur in Toronto with 20+ years of expertise in developing projects with and for multicultural entrepreneurs.
Connect & Learn more MEBCCanada.com
Canada offers great opportunities for multicultural entrepreneurs to start, run and grow their business.
During the presentation and meeting with the Malaysian entrepreneurs delegation visiting Toronto, we discussed business development opportunities in Canada.
View presentation file on business in Canada.
Rasheed Walizada develops business and real estate projects in Canada since 2002.
Growth is not about having a big team, office, and showroom.
Being busy in your business is also not the same as growing big.
Forward-looking business owners grow big and run with less.
They streamline their business.
You have the choice to focus only on the value that matters for your company, customers, and the community.
The opportunities of the post-pandemic world are here for forward-looking business owners.
The world is evolving faster than before the pandemic.
The path to recovery in the post-pandemic world is open to better choices.
Can you sustain and grow a successful business with the same old approach?
The goal for more customers to grow big is becoming more challenging.
The rising cost of operating a business to find and serve more customers is the new normal reality.
A better way is to remodel your business to focus on fewer customers but with bigger projects.
Every business is a marketing company.
Everything a business does is marketing.
Forward-looking marketing is no longer about products or services.
What does your company market?
Customers are looking for value that matters in every area of their lives.
Products and services help to deliver the actual value that matters.
What specific value does your company offer that matters to your customers?
The driver of business value is consistency.
Customers look for companies that are consistent.
Consistent businesses grow better over time.
Forward-looking businesses are consistent.
Maintaining consistency is hard work.
Consistency as a strategy is the best way to move your business from now to next.
The best time to develop the next-level value for your business is now.
Your business is in demand, and your team is busy serving customers.
Invest at least 20% of your focus and resources in proactive value development.
To create value that matters next:
The internet, social media, and instant messaging have changed our lives.
We are more impatient and want answers immediately.
When we communicate, we expect an instant message back.
Customers look to preserve their time in every moment of their days.
Businesses that operate at the speed of now, have a forward-looking mindset.
Time is a finite value that matters. We choose businesses that understand this.
The world will not reset to what it was before the pandemic.
Waiting and wishing for a reset is not practical.
Instead, we can move forward towards opportunities.
Every business can dig deeper to build on its strengths.
Opportunities exist in each industry for forward-looking companies.
In a post-pandemic world, there's a need for value that matters, now.
Forward-looking businesses have the mindset to develop the next level of value.
Being busy and comfortable with now is no longer the way forward.
Value that matters for the company, customers, and the community changes often.
Developing the next-level value that matters is challenging but possible.
Forward-looking businesses compete and grow better by moving from now to next.
Forward-looking businesses have the mindset to consistently develop value that matters.
They create value that matters for their company, their customers, and their community.
In the 21st century disrupting world, the only thing that is constant is change.
What mattered in the past is not the same value that matters now.
An example is the status of having a corner office in the pre-pandemic world compared to the safety and convenience of a home office in the post-pandemic world.
Rasheed Walizada Live Interview. A conversation on business development and AI. Host: Ahmad Shah Khan Duranai Bestselling Author of The Leadership Zone.
Founder at Multicultural Entrepreneurs Business Community (MEBC Canada). An entrepreneur with 20+ years of expertise in developing business & real estate projects with and for owners and investors.