New laser equipment gives medical technology developers a boost

Microfabrication tools allow inventors to design and test precision medical devices at rapid speeds

New laser equipment gives medical technology developers a boostIn the world of precision medicine, really, really small is a really big deal. That’s certainly the case for western Canadian entrepreneurs who have big ideas for tiny medical devices, thanks to a new investment from Western Economic Diversification Canada (WD) in a University of Alberta facility. Medical device developers now have access to $1.5 million in…

Being a good leader means being a good listener

When you aren’t listening you’re missing an awful lot

Being a good leader means being a good listenerLast week, my friend was lamenting that she was away for her 16-year-old son’s first day of school and wouldn’t be there to pick him up. Obviously, her son doesn’t need his mom there. But driving him home lets her listen to him vent. It gives her insight into what he’s thinking, how he’s doing…

5 Leadership Lessons from the Tokyo Olympics

The lessons you can learn from competition are significant

5 Leadership Lessons from the Tokyo OlympicsMy Olympic fascination started in 1976 when the summer games took place in Montreal. As a 12-year-old, I was glued to our black and white 12-inch TV for the duration of the Olympics between chores on our family’s hobby farm. I imagined myself on the track pole vaulting 20 feet in the air, swimming on…

Time for corporate Canada to abandon immoral capitalism

We have a major opportunity to reframe the roles and responsibilities of corporate stewardship

Time for corporate Canada to abandon immoral capitalismIn 1970, Novel laureate Milton Friedman proposed that an enterprise’s sole responsibility was to shareholders by maximizing profits: “the social mission of business is making profits, period, with other social goals best left to politics.” Corporate duty to maximize shareholder value, or shareholder primacy, has emerged as the dominant principle for free-market capitalism. This capitalist…

Business in decline? Start calling your customers back

Reaching out to wayward customers will reinvigorate your sales and allow you to do a lot of market research

Business in decline? Start calling your customers backGrant was on the ground yelling as I came around the corner at high speed on my mountain bike at dusk. He had flown off his bike instead of hitting a moose standing on the trail. I skidded to avoid him. I could still see two moose, a cow and her year-old calf, on the…

ConnecTour Chronicles: Cheap rural living brings brewery dream to life

Nokomis Craft Ales is putting Nokomis, Sask. on the map – defying conventional thinking that only the big city yields success

ConnecTour Chronicles: Cheap rural living brings brewery dream to lifeTroy Media publisher Doug Firby and Travel editor Lisa Monforton are part of a group of Canadians who call themselves ConnecTour. Starting in May in British Columbia and ending in October in Newfoundland, they hope to make an 8,000-km bicycle journey across the country, discovering how the COVID-19 pandemic has reshaped our lives and our…

Government spending in New Brunswick is about to hit a wall

A $600 million gap exists between what the province currently spends and what it can afford to spend without increasing its debt load

Government spending in New Brunswick is about to hit a wallBased on the mood in government offices in Fredericton, you would think everything is rolling along smoothly with the top down. Yet, the province’s finances are headed straight for a brick wall. According to the independent Parliamentary Budget Officer’s latest report, there’s a $600 million gap between what New Brunswick currently spends and what it…

To share wealth you first have to create it

MacKenzie Scott's fuzzy criticisms of capitalism

To share wealth you first have to create itBy Bradley Doucet and Miguel Ouellette Montreal Economic Institute Allow us to join in the chorus of praise for the charitable giving of MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, who announced last month that she had given away another $2,739,000,000 to 286 organizations. Private philanthropy is part of what makes the world…

Global tax cartel is a march to higher taxes

... and more corporate welfare

Global tax cartel is a march to higher taxesCanadian politicians like Chrystia Freeland see tax competition as a “race to the bottom.” But for the rest of us, a global tax cartel will mean an inevitable march toward higher tax bills and more pork for companies with access to politicians. Freeland agreed to the American-led proposal for a global minimum business tax of…

Three things every business needs to do to improve sales

Implement a plan, hold your sales team accountable, and keep updating and changing your sales campaigns

Three things every business needs to do to improve salesDebra was flustered. She had taken over a business with the intent of growing it but had come to the realization that increasing sales might be easier said than done. She recognized that because of the added overhead expenses of her operations, sales would have to grow 50 per cent from current revenue to ensure…

Building neurotech community in Alberta earns student startup award

Eden Redman co-founded student group-turned-non-profit to support students exploring new ways for computers to interact with the brain

Building neurotech community in Alberta earns student startup awardEverything from brain-controlled prosthetics to games that are responsive to brain activity are within our grasp, according to University of Alberta student Eden Redman. Redman’s work promoting and expanding access to brainwave-sensing technology has earned him the Student Entrepreneur of the Year award at Startup Edmonton’s YEG Startup Community Awards. Announced at an online ceremony in May,…

Incremental change will help you grow and strengthen your business

The results will lead to an outstanding future for your business

Incremental change will help you grow and strengthen your businessHelp is a word that’s foreign to many entrepreneurs, so when a caller says they need help, I listen intently. I received such a call in November 2019 from an entrepreneur who had bought into a company and realized that the management team was struggling. “Dave, I need an outside perspective on how to move…

Innovation provides edge in meeting growing demand for dietary fibre

Innovation attracting the interest of food companies looking to make their products healthier

Innovation provides edge in meeting growing demand for dietary fibreDemand for beta glucan fibre has been rising steadily in recent years, as mounting evidence suggests the dietary fibre can help lower cholesterol, reducing the risk of heart disease and control blood sugar levels in people with diabetes. Best of all, it creates none of the side-effects of drugs and is fully recognized by the…

Why wealth taxes hamper economies and punish us all

What you tax more of, you get less of

Why wealth taxes hamper economies and punish us allCalls by self-identified progressives and others who purport to champion equity, compelling everyone to pay their fair share, have grown louder and more strident. It seems these social justice warriors have discovered previously unknown inner fiscal conservatism, with their usual zeal for redistribution and punishment for those who they deem have excessive wealth. It’s wealth…

What we lose in a virtual workplace

Essentially, we lose the amazing power of human-to-human connection

What we lose in a virtual workplaceRegardless of how the future plays out in your organization, one thing is certain: virtual meetings are here to stay. It’s easy to see why. They are cost-effective, as there is no need to pay employees to travel and incur related expenses and, when successful, they enable talented peers to work together regardless of location…

Why many leaders are lonely and what to do about it

Find someone you can trust to communicate what you’re going through

Why many leaders are lonely and what to do about itOn a recent Sunday afternoon, I went over the handlebars of my bike, bent my front wheel and landed on my head. My son Caleb wasn’t surprised – in fact, I’ve noticed he worries about me when we go riding. And I admit I’ve had my share of accidents on my mountain bike. The thing…

What you and your business can learn from Strava

A Strava-like mentality can take your business to a whole new level

What you and your business can learn from StravaMy 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…

How to manage the post-lockdown search for workers

Available workers are rarer than openings now. Smart business people will start making adjustments so we can all enjoy some prosperity

How to manage the post-lockdown search for workersAt 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…

Avanti Energy forges ahead with new helium discoveries

The future possibilities for helium seem infinite

Avanti Energy forges ahead with new helium discoveriesBy 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…

‘Molecule libraries’ help speed the search for new drugs

Alberta-based 48Hour Discovery works with some of the world’s largest pharmaceutical companies to streamline the process

‘Molecule libraries’ help speed the search for new drugsWith 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’s crypto crackdown does a disservice to the market

Canada must emulate countries such as Liechtenstein and Malta, which adapted legislation in advance to attract crypto entrepreneurs

Canada’s crypto crackdown does a disservice to the marketThe 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…

Inventor reimagines beer accessory to create a better mask

The masks needed to be reusable and seal around the nose so the user’s glasses don’t fog up

Inventor reimagines beer accessory to create a better maskJames 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…

AI innovation will make thyroid ultrasounds faster and easier

FDA approves MEDO’s tool offering simpler, more reliable diagnostic scans for thousands of patients

AI innovation will make thyroid ultrasounds faster and easierA 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…

Taxing the rich is the Trojan horse of politics

It’s not just the wealthy who will feel the pain

Taxing the rich is the Trojan horse of politicsAs 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…

Five questions to ask yourself before you start a new business

The big one: Are you willing to make sacrifices?

Five questions to ask yourself before you start a new businessPeople 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…

Buying or selling a business? How much is it worth?

Lockdowns, inventory disruptions, staffing issues and cash-flow challenges have sapped many entrepreneurs of their passion

Buying or selling a business? How much is it worth?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…

We can’t fire him, so how do we inspire him?

We have an employee who is always convinced he’s right. It’s so fundamental to his personality that he refuses to take direction

We can’t fire him, so how do we inspire him?Faith Wood knows how to resolve conflict. Her years in front-line law enforcement taught her how to effectively de-escalate any situation to a successful conclusion. Faith will use her knowledge of conflict management to guide you through the often stressful experiences you may encounter in your personal or professional life. Her Conflict Coach column appears…

Giving high schoolers a head start on becoming entrepreneurs

U of A business professor teams up with Edmonton school in project to teach students how to turn ideas into successful ventures

Giving high schoolers a head start on becoming entrepreneursOne path to a diversified economy is exposing people to entrepreneurship, according to a University of Alberta professor who is partnering with a local high school to pilot an entrepreneurship program. “If you want to diversify the economy, starting in college with this kind of education is too late,” said Michael Lounsbury, professor and Canada Research…
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