Archives for October 2014

Let’s take risks, generate some big ideas

SONY DSCThe importance of small business to our country, province and community cannot be overstated.

Small business drives innovation, leads job creation and builds wealth like no other economic engine in our nation.

This space, every other month, will be used to provide you with the resources you need to start a business, grow an existing business, and help drive an entrepreneurial culture in our community.

Did you know that 98 percent of businesses in Canada have less than 100 employees, and almost 70 percent of the private workforce is employed by small businesses?

Small businesses created over 75 percent of all private jobs in Canada over the last decade.

Sault Ste. Marie has done a good job of diversifying its economy since the 1990’s.

Through Destiny Sault Ste. Marie, the Sault Ste. Marie Innovation Centre and other initiatives, the city has been able to grow various sectors including Information Technology, green energy, education, and more – lessening its reliance upon the steel and forest sectors.

Along the way the small business sector has developed and changed, and Sault Ste. Marie has been recognized nationally as a top 100 Entrepreneurial City in Canada (ranking as high as 23rd in 2012).

There are numerous resources available to entrepreneurs and small business in our area, including Business Sault Ste. Marie – a division of the Economic Development Corporation (SSMEDC), the Sault Ste. Marie Innovation Centre (SSMIC), the Community Development Corporation of Sault Ste. Marie & Area (CDC), Sault Ste. Marie Chamber of Commerce (SSMCOC), and more.

These organizations provide business startup assistance and other resources to new and established businesses in the community.

They provide an essential role in our small business community.

But there is more we can do as a community to ensure we build an entrepreneurial community within Sault Ste. Marie that is strong, supportive, vibrant and inclusive.

An entrepreneurial community led by entrepreneurs.

Startup Sault is doing just that.

Startup Sault is a volunteer–led movement to bring together entrepreneurs, investors, mentors and small business service providers in Sault Ste. Marie to create a supportive and knowledgeable environment where business startups can flourish.

We are part of the Startup Canada network – a pan-Canadian network to provide entrepreneurs with a single doorway to enter their local entrepreneur community to access mentors, space, funding and support to start and grow their businesses and to connect with other startup founders online and on the ground.

Startup_CanadaStartup Canada is a national entrepreneur-led undertaking to enhance the nation’s competitiveness and prosperity through uniting and strengthening Canada’s entrepreneurship ecosystem and promoting a vibrant entrepreneurial culture to create a unified brand as a rallying point for Canadians.

Startup Canada has the support of more than 85,000 Canadians, 400 partners and 300 volunteers across the country and in its network of over 20 thriving startup communities. To learn more about Startup Canada, watch this video.

With the support of this national movement, and our amazing team of local entrepreneurs and volunteers, Startup Sault will help build a strong and spirited entrepreneurial community in Sault Ste. Marie.

Since our launch in March 2014, Startup Sault has held a number of unique networking events including Startup Drinks, a casual, fun networking opportunity to meet and hangout with other entrepreneurs.

In May, Startup Sault offered a 5-day training session from the Canadian Entrepreneurship Institute via live streaming.

The training featured keynote lectures by world-leading innovators, entrepreneurs, educators and policy makers; attendees gained the knowledge, tools and network necessary to make a meaningful impact in advancing innovation and entrepreneurship in their community, as well as their own business or organization.

On October 9th we held a Startup Drinks event at the Water Tower Pub, and our fall line-up of events includes the next Startup Drinks, November 20th, as well as our newest program – Startup Book Club, October 29th (kick-off ) and December 3rd.

Startup Book Club participants will read and discuss the latest business-related books (as well as classics) to glean tips, models and strategies to take their business to the next level.

Startup Book Club will create an opportunity for local entrepreneurs, students, small business owners and others to discuss not only the content of each book, but their own strategies and experiences as well.

I hope you will join us in our movement.

Together, let’s take risks, generate big ideas, and push the economy forward.

About Startup Sault:

Startup Sault connects new entrepreneurs with the small business resources available in the community, and provides the support of existing entrepreneurs who are building successful companies.

Our community enterprise partners include the Sault Ste. Marie Innovation Centre (SSMIC), Sault Ste. Marie Economic Development Corporation (SSMEDC), Community Development Corporation of Sault Ste. Marie (CDC), and Sault Ste. Marie Chamber of Commerce.

For more information about Startup Sault, visit www.startupsault.ca. Follow us on Facebook (www.facebook.com/startupsault) or Twitter (www.twitter.com/startupsault) to keep up to date on Startup Sault events, startup tips and other useful information.

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About the Author: Nevin Buconjic is an entrepreneur, author, consultant and Strategic Business Advisor with the Ontario government. Nevin is the founder and community lead for Startup Sault.

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