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B.C. Poised to Lead Economic Expansion

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B.C. Poised to Lead Economic Expansion MAY 2016 Volume 9 Issue 5 www.cbj.ca IN THIS ISSUE ► Grow Your Business Impact of Budget 2016 Manitoba Farm By Hiring Nurturing Leaders On Your Financial Planning Develops ‘Smart’ Beehive B.C. Poised to Lead Economic Expansion CBJ speaks with Mike de Jong, B.C. Minister of Finance Editor’s NOTE A report by the C.D. Howe Institute concludes From Yahoo! to Uh Oh. CEO Marissa Mayer Canada will reap “relatively modest” economic is hanging onto her job by a proverbial thread gains by joining the 12-country Trans-Pacific as takeover rumours continue to swirl. Verizon, Partnership, while the bulk of the trade gains will AT&T and Time Inc. are several potential suit- be enjoyed by the U.S., Japan and Vietnam. In ors that may be interested in acquiring the once addition to Canada, New Zealand and Malaysia dominant Web portal, pre Google. If Mayer gets are also expected to see modest gains, while the the boot, she’s apparently in line for a staggering deal would essentially be a wash for the other six $55 million severance package, so she’ll be just nations. So why be a part of it, if it will only reap fine. On the upside, if she gets canned it would marginal gains? Quite simply, it’s about global leave her available to be John Kasich’s running networking. Sit on the sidelines for this one and mate. After all, he needs to do what he can to we may not be invited to the next one. Sure it’s keep up the pace with the dynamic duo of Ted not likely going to be a huge money-maker, but and Carly. as long as we’re in the black and not the red, it Did you know?... From 1994 to 1998, Yahoo! makes sense to be a part of it. accounted for the vast majority of all online In an effort to respond to widespread, hor- search engine requests. It’s since dwindled to rendous traffic congestion throughout much of about 8%, just ahead of Bing. Google is far and the Greater Toronto Area the Ontario provincial away the leader at 76%. government has announced the widening of a 4-km stretch of Highway 401 in Mississauga, just Angus Gillespie west of Toronto. The expansion, which will take @CanBizJournal place from Hurontario Street to the Credit River, will see the roadway increased from six to 12 lanes. Driving into downtown Toronto is nothing short of a nightmare. Thankfully, I only have to do it two or three times per month – at most – for occasional events. I really don’t know how people sit in that parking lot on a daily basis. Have an issue with a federal contract? Experiencing a contract dispute with a federal department? Contact us–we’re the Office of the Procurement Ombudsman We’re here to help! OPO-BOA.GC.CA Follow us on: [email protected] 1-866-734-5169 340 Albert Street, 11th Floor Ottawa, Ontario K1R 7Y6 CBJ Team Angus Gillespie | Editor-in-Chief | [email protected] Vladimir Lukic | Creative Director | [email protected] Anisa Saeed | Jr. Ad Designer | [email protected] Sameer Kumar | Senior Research Director | [email protected] David Hand | Senior Research Director | [email protected] Don Willis | Research Director | [email protected] Mark Santos | Research Director | [email protected] James Moore | Research Director | [email protected] Jithin Joseph | Research Director | [email protected] Naveed Yusuf | Chief Information Officer | [email protected] Stephanie Alexander-Jones | Group Publisher | [email protected] Michael Alexander-Jones | Chief Executive Officer & President | [email protected] Contributors | Mark Borkowski, Joe Connelly, Melonie Dodaro, Robin Grant, Dorothy Knight, Shoba Sreenivasan, Tina Tehranchian, Linda E. Weinberger GEORGE MEDIA INC. #601 - 30 Eglinton Avenue West Mississauga, Ontario | L5R 3E7 CANADA Table of CONTENTS MAY 2016 | VOLUME 9 | ISSUE 5 032 CBJ FEATURES WHERE IS CANADA GOING FROM HERE? – By Mark Borkowski 012 WHAT CAN AN EXECUTIVE ACHIEVE IN ONE MINUTE? – By Joe Connelly 020 GROW YOUR BUSINESS BY HIRING NUTURING LEADERS By Shoba Sreenivasan and Linda E. Weinberger 026 COVER: B.C. POISED TO LEAD ECONOMIC EXPANSION – By Angus Gillespie 032 012 020 026 Table of CONTENTS MAY 2016 | VOLUME 9 | ISSUE 5 052 064 CBJ FEATURES IMPACT OF BUDGET 2016 ON YOUR FINANCIAL PLANNING – By Tina Tehranchian 042 SEVEN IMPORTANT LESSONS IN SOCIAL MEDIA ETIQUETTE – By Melonie Dodaro 052 MISTAKES BUSINESSES MAKE IN A DISASTER – with John Bresland 058 BOOTSTRAPPING VS. FUNDING: IS IT A GENERATIONAL THING? – By Mark Borkowski 064 MANITOBA HONEY FARM DEVELOPS FIRST-OF-ITS KIND ‘SMART’ BEEHIVE 070 Funny BUSINESS 064 Table of CONTENTS MAY 2016 | VOLUME 9 | ISSUE 5 Business in Action 078 ARCHITECTURE STYLE CONSTRUCTION MANAGEMENT LTD & DESIGN Organization – Coordination – Execution 078 MONCUR DESIGN ASSOCIATES Over 20 years designing exquisite hospitality spaces 092 SERVICES TalentNet – A uniquely innovative staffing and recruitment company 102 ENERGY & RESOURCES ENERGOLD DRILLING CORP. A world-class, fully integrated drilling company 112 FOOD & BEVERAGE SoLo NUTRITION A different way of thinking about food 122 COMMUNICATIONS SHARP’S AUDIO VISUAL – Setting the standard for innovation and service 132 SERVICES THE IAN MARTIN GROUP 144 092 102 132 Where is Canada going from here? Only an Entrepreneurial Revival Will Save the Day By Mark Borkowski Where is Canada going from here? Only an Entrepreneurial Revival Will Save the Day 14 Only an Entrepreneurial Revival Will Save the Day superiority will take a back seat to the univer- sal culture of entrepreneurism. Entrepreneurs are hard-driven human beings with a vision. This vision is of how things ought to be. Petty squabbles because of various historical origins become meaningless when the vision becomes the advancement of humanity. Whether or not one particular entrepreneur’s vision is the right one can be determined after the project is com- pleted; however, we have a moral responsibility to allow the individual to create. It is this type of permissive and inspirational culture that will allow Canada to advance and compete on equal Mark Borkowski footing with the rest of the world. There are many elements to this need. Canada’s needs are rapidly changing While governments are arguing back and forth as the ability to put food on our as to which sector of the economy needs more own tables diminishes. Foreign debt education, it should be realized that a more investors are supplying the capital to educated and trained economy needs less gov- provide us with our bare necessities ernment. Innovation is a creative process that based on our potential to provide suffocates in large government bureaucracies. a return at some future date. The Many transportation entrepreneurs find it impos- longer this future date is pushed, sible to create and adapt quickly to changing the deeper and deeper our debts environmental conditions while governments are become, leaving Canada with an creating a less reward oriented marketplace. As extremely bleak tomorrow. Our need taxes and financial returns decrease, the incen- is to emerge from this vicious cycle tive to work and create curtails. of debt financing by creating a culture Where government should get involved is that takes pride in being self-sufficient. not with the attempt at creating, but at the fos- Currently, the opposite is true. tering of creation. This would entail creating an environment where ideas, capital, and labour are THERE MUST BE a cultural revolution that located in a close geographic proximity to one returns our destiny to Canadian hands. Cries another and motivated to flow freely between of regionalism, language rights, and ethnic these three key elements. Entrepreneurs are 15 MAY 2016 « The Canadian Business Journal As a country, we need to foster the growth of entrepreneurs in numbers by educating, training, and allowing their growth. motivated people that thrive off the fruits of their countries that foster the type of culture that we labour. As a country, we need to foster their now need to engender. As our natural resources growth in numbers by educating, training, and continue to dwindle, the urgency of our needs allowing their growth. Without an entrepreneur- become more and more apparent. ial revolution, which will return a responsibility Perhaps with the universal goal of growth for our actions, Canada will continue to fall into and betterment for Canada, we will be able to the hands of outsiders. see past our regional, linguistic, and ethnic dif- It has been said that necessity is the mother ferences to provide, at long last, a unified front of all invention. Canada has not needed to cre- determined to take us into the next century. ate. For years, we have relied on our natural Entrepreneurs are entrepreneurs are entrepre- resources to purchase the innovation of other neurs. First, we must establish a mould that can 16 Only an Entrepreneurial Revival Will Save the Day While governments are arguing back and forth as to which sector of the economy needs more education, it should be realized that a more educated and trained economy needs less government. be copied and re-used by the next individual pledge to support it both financially and morally that wishes to develop a wealth creating prod- through education, training, and cultural backing. uct. Once our methodology for success has What we have today in Canada is a society deter- been established, it can be used again and again. mined to get the most out of life today with no Until we establish this type of procreative culture, regard for the result tomorrow. North America, Canada will never be a front runner in the race in general, has increased its focus on the short- for success.
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