The state of entrepreneurship is changing globally as more youth are taking self-employment options over working for established organizations. The statistics, provided in July’s Global Entrepreneurship Monitor (GEM) report, are clear that this trend is significant and shows a shift in the way that youth across the world are approaching the labour market. Youth are…
The Ontario automotive sector contributed over $16 billion to the province’s GDP in 2014 alone. Ontario remains one of the strongest hubs in North America for the manufacturing and assembly of automobiles and Ontario’s economy is largely impacted by the performance of its industry players. The industry is rapidly evolving and therefore companies and government…
Does your small business have enough financing to implement its next strategic project? Financial constraints often lead to postponed or cancelled projects that would otherwise grow the business; you can’t make money without money. In order for businesses to have the necessary cash flows for their key strategic projects, the Business Development Bank of Canada…
Although there are benefits to hiring recent Canadian grads, some Ontario employers find difficulty in filling some job positions and may require the assistance of foreign skilled workers. The Ontario government realizes this need and has created the Opportunities Ontario: Provincial Nominee Program to assist small businesses in staffing for these positions. Through this program,…
Written by the former Assistant Chief of the Bank of Canada’s research department, Dr. Peter Andersen releases economic reports periodically to inform businesses and executives about trends in the economy. His observations from Q1 of 2015 provide insight into Canadian and international economies which have the greatest impact on Canadian industry. This information is used…
With the popularization of crowdfunding (public platforms where entrepreneurs can pitch their ideas in hopes of gaining financial support), the Canadian government and various Provincial governments have begun to weigh in on the implications for early-stage businesses. In this article I hope to offer some insight into the recent changes to Canadian law as well…
The food and beverage industry is evolving, and Microsoft wants to make sure that Canadian small businesses are not left behind in the shift. On June 23, 2015, Microsoft and Dynamics Foodware will be holding a round table forum at Microsoft’s head offices which brings together business executives and industry leaders to discuss everything you…
Mentor Works has been hard at work over the last month to help connect small businesses with Canadian government grant funding opportunities. In an ongoing effort to be as accessible to you, we are pleased to offer a variety of small business funding workshops and webinars that provide specific details for Ontario small business grants…
The automotive sector is made up of several industries: automobile assembly, automotive parts manufacturing, and the relatively small auto body and trailer manufacturing sector. Although all industries are experiencing increased competition, the automotive parts manufacturing sector in particular are pressured to adopt advanced technologies and streamline processes in order to stay competitive in the face…
The Business Development Bank of Canada (BDC) and Mentor Works are hosting a free event in Vaughan, Ontario on Wednesday, June 10, 2015 focused on growing your business through export expansion and capital equipment adoption. Financing and cash flow planning are popular topics when it comes to international sales and business scaling. Mentor Works will…