I came across an interesting discussion this week online by Paul Ricketts where he put a question out on his blog about the differences that Canadian companies face in comparison to those starting up in United States.
Many of my American business friends and I discuss this on a regular basis especially now that the world is getting smaller every day and Canada’s small business environment is growing especially now that we have a solid economy, great standard of living and a highly educated workforce. Yes, in many parts of the country that goes with 6 months of winter, but Canada is still a great place to start a business.
However in spite of all the good things about doing business in Canada, Ricketts brief survey addressed some of the issues affecting Canadian start-ups. For one, Canada has a small domestic market which is further fragmented by inter-provincial barriers and regulations. This is especially true for tangible goods. Many products are regulated provincially forcing many Canadian companies to seek markets offshore or in the U.S. quicker than developing the Canadian market. For many start-ups this means that many companies are doing business in foreign markets quicker than their U.S. counterparts and this leads to increased costs and marketing issues as companies are forced to tackle markets outside of their home country.
Canada also has a much smaller VC market and angel capital pools are smaller. This means that investors are required to be less patient in there need for returns which forces a lot of smaller companies to grow much more quickly to satisfy investors forcing in some cases quicker expansion and higher risk taking. This is not all bad, however but if you have a product that requires good long term patient investment it can be difficult to find the right investors in Canada.
Because of the size of the market only 30 million people, there is a lack of diversity of industry clusters and sub-clusters and fewer companion companies within those clusters, so a lot of start-ups are forced to go alone or go a long way from home to find companion products and companies that can use their products. Canada also suffers from a lack of large major home grown companies and has limited national and global players with a major presence to act as catalysts for new ideas and to grow management talent. This does not mean there isn’t any real talent there is, just not enough.
Ricketts also thinks that Canadian business owners have a bad case of “ sell-out-itis “ which forces Canadian companies too often to take the big cheque sell out too early or plan a business with short-term or limited thinking where the entire business strategy is predicated on finding an exit.
With that being said, a stable economy, solid work force and a growing market Canada is still a great place to consider starting a business. There are a large number of government business incentives and safe environments. The only thing that we really need is a better climate in general, because sometimes you just don’t need 6 months of winter.
Kensel Tracy, The Marketing Coach is a Senior Partner with the Corporate Coachworkz Inc. located in Ottawa and Chelsea, Quebec and is also the President of Business over Breakfast Clubs of North America now opening in every City. If you have a story that you think on doing business in Canada, he can be reached at kenselt@sympatico.ca.
Monday, March 21, 2011
Wednesday, February 23, 2011
Canada's Cities Deemed Most Livable
As a Canadian and a business owner it was great to find out this week that based on research provided the by the Economist Intelligence Unit that three of the top-ten most livable cities in the world were in Canada and that Vancouver ranked as the number one most livable city in the world.
The Economist Intelligence Unit is the world's leading resource for economic and business research, forecasting and analysis. Like The Economist, it is an independent of all governing bodies and corporations, leaving it free to deliver accurate and impartial business intelligence. The report provided livability rankings for 140 cities. Each city was assigned a score for over 30 qualitative and quantitative factors across five broad categories which included, stability, health care, culture and environment, education and infrastructure.
Australia had four cities in the top ten and Vienna, Helsinki and Auckland New Zealand rounded out the top-ten group. A big disappointment for my American friends was that the highest ranked city was Pittsburgh at 29, and that Los Angles ranked at 44 and New York ranked at 56.
Why are these rankings so important? Well as a business owner, a highly livable city allows you the opportunity to define the best places to setup and run a business and it is important to know what cities have the greatest potential.
For Canada to have three cities, Vancouver ranked as number one and Toronto and Calgary as four and five respectively it’s quite an accomplishment. It shows that low interest rates, coupled with good government, limited risk, vision, stability, infrastructure and commitment are all important in growing an economy and a city. Canada has managed to build the infrastructure in order to make its major cities as appealing places to live and as such, great places to start and grow a business.
Canada has also weathered the economic downturn quite nicely.Our business growth is strong and emerging and our banking system is also strong. Although we take a lot of flak from our neighbors to the south and sometimes throughout the world in regards to Canada’s commitment to national health care and high taxes which are in some cases perceived as detrimental, Canada continues to lead all of the G8 countries in economic growth. Combine that with high livability rankings and you have a country that is well positioned in regards to providing opportunities for business for the future.
This study also shows that if quality of life can be sustained then businesses can also grow and prosper in these environments. An educated work force and a highly livable city are usually tied into a strong economy and significant business growth.
As a Canadian I am proud of the fact that Canada is the land of opportunity. Yes it may have cold weather, 15% of the population that speaks French, higher personal and business taxes, the HST (sales taxes) and higher municipal taxes, but now Canada should have no inferiority complex on both the world stage and in the business world.
Lowering our national debt and continuing to provide lower corporate taxes, rebuilding our education system and ensuring a high standard of living will ensure that Canada is a good place to invest and build a business. These are the things that hopefully we can teach the world. Combine that with mutual respect for our fellow humans throughout the planet and you have a winning formula for business success.
For more information on the study and to register free for additional information checkout http://www.eiu.com/ at the Economist Intelligence Unit.
Kensel Tracy is The Marketing Coach and Senior Partner with The Corporate Coachworkz Inc. and a Senior Consultant with the Centre of Excellence for Public Sector Marketing in Ottawa. He is also the President of Business Over Breakfast Clubs now opening in every city in North America. If you have something of interest he can be contacted at kenselt@sympatico.ca
Thursday, January 27, 2011
Aboriginal People in Canada Getting into Clean Energy Business
As part of a an ongoing profile of unique business opportunities in Canada I came across this story.
In this age where virtually every country is looking for cleaner sources of energy Aboriginal organizations are getting involved in the clean energy business in Canada. Canada like other countries in the world are discovering that run-of-river hydro projects can offer more than clean energy and they also have the potential to generate significant, long-term economic benefits for the country’s Aboriginal people.
As the push to develop more clean energy has increased, independent power producers are approaching individual First Nations in Canada on a regular basis with proposals for small hydro development. Under Canadian law, most Aboriginal peoples have certain rights with regard to resource development on their traditional territories.
Aboriginal corporations that provide business financing and support services to First Nations in British Columbia and the Tribal Resource Investment Corporation (TRICORP) and the Tale'awtxw Aboriginal Capital Corporation are taking a major stake in various projects throughout Canada. They also created the First Nation
Regeneration Fund specifically to provide financing to enable First Nations to purchase equity positions in power projects.
“Run-of-river hydro power generation is one area where First Nations clearly have a competitive advantage,” says Peter Lantin, TRICORP’s Chief Operating Officer. “Our traditional territories, especially on the coast, have an abundance of clean energy. In fact, the first project we are helping to finance is a two-megawatt run-of-river hydro project owned by the Taku River Tlingit First Nation near Atlin in northern British Columbia.”
With $2 million from each of the Aboriginal corporations, and a $3 million contribution from Canada’s Department of Indian and Northern Affairs, the First Nation Regeneration Fund now has a total endowment of $7 million. It’s administered by Ecotrust Canada Capital, a subsidiary of Ecotrust Canada.
Loans made available through the Regeneration Fund are repaid by the First Nation through dividends and royalties from the run-of-river power project and possibly other sources. Once the loan is repaid, the dividends and royalties become long-term discretionary income that can be used by First Nations for economic or social development.
“The Regeneration Fund is going to provide access to much needed capital for First Nations,” says Sandy Wong, General Manager of the Tale’awtxw Aboriginal Capital Corporation. “It will help First Nations finance equity in independent power projects in British Columbia, and grow Aboriginal ownership in this critical sector of our economy. At the same time, these green energy projects are a natural fit with the social and cultural principles we support.”
It is these types of unique partnerships that are helping to position Canada and it various group as leaders in the area of sustainable development and growth in the area of developing the clean energy business.
Kensel Tracy is The Marketing Coach and is a Senior Partner in the Corporate Coachworkz located in Chelsea, Quebec and offices in Ottawa Ontario.. If you have a unique story on business in Canada, he can be reached at kenselt@sympatico.ca
In this age where virtually every country is looking for cleaner sources of energy Aboriginal organizations are getting involved in the clean energy business in Canada. Canada like other countries in the world are discovering that run-of-river hydro projects can offer more than clean energy and they also have the potential to generate significant, long-term economic benefits for the country’s Aboriginal people.
As the push to develop more clean energy has increased, independent power producers are approaching individual First Nations in Canada on a regular basis with proposals for small hydro development. Under Canadian law, most Aboriginal peoples have certain rights with regard to resource development on their traditional territories.
Aboriginal corporations that provide business financing and support services to First Nations in British Columbia and the Tribal Resource Investment Corporation (TRICORP) and the Tale'awtxw Aboriginal Capital Corporation are taking a major stake in various projects throughout Canada. They also created the First Nation
Regeneration Fund specifically to provide financing to enable First Nations to purchase equity positions in power projects.
“Run-of-river hydro power generation is one area where First Nations clearly have a competitive advantage,” says Peter Lantin, TRICORP’s Chief Operating Officer. “Our traditional territories, especially on the coast, have an abundance of clean energy. In fact, the first project we are helping to finance is a two-megawatt run-of-river hydro project owned by the Taku River Tlingit First Nation near Atlin in northern British Columbia.”
With $2 million from each of the Aboriginal corporations, and a $3 million contribution from Canada’s Department of Indian and Northern Affairs, the First Nation Regeneration Fund now has a total endowment of $7 million. It’s administered by Ecotrust Canada Capital, a subsidiary of Ecotrust Canada.
Loans made available through the Regeneration Fund are repaid by the First Nation through dividends and royalties from the run-of-river power project and possibly other sources. Once the loan is repaid, the dividends and royalties become long-term discretionary income that can be used by First Nations for economic or social development.
“The Regeneration Fund is going to provide access to much needed capital for First Nations,” says Sandy Wong, General Manager of the Tale’awtxw Aboriginal Capital Corporation. “It will help First Nations finance equity in independent power projects in British Columbia, and grow Aboriginal ownership in this critical sector of our economy. At the same time, these green energy projects are a natural fit with the social and cultural principles we support.”
It is these types of unique partnerships that are helping to position Canada and it various group as leaders in the area of sustainable development and growth in the area of developing the clean energy business.
Kensel Tracy is The Marketing Coach and is a Senior Partner in the Corporate Coachworkz located in Chelsea, Quebec and offices in Ottawa Ontario.. If you have a unique story on business in Canada, he can be reached at kenselt@sympatico.ca
Monday, January 10, 2011
Canadian Federation of Independent Business Launches Red Tape Awareness Week
In an interesting twist this month, the Canadian Federation of Business, ( CFIB) launched a new campaign to cut red tape in regards to how business deals with government. With the strength of over 107,000 small business owners from coast-to-coast the Canadian Federation of Independent Business (CFIB) is the big voice for small businesses. For over 35 years, it has represented the interests of the small business community to all three levels of government in their fight for tax fairness, reasonable labour laws and reduction of regulatory paper burden.
So what is red tape exactly? According to the CFIB, it’s a combination of things. Sometimes it’s dumb rules that don’t accomplish what they intend to accomplish. Sometimes it’s complicated forms or language, permit delays or getting different interpretations about the rules from government.
How big is the problem? Thee CFIB says that if you ask any business owner, they’ll tell you a red tape story. Some problems are small; some threaten or have closed businesses. Around 60 per cent of business owners say that it affects their productivity, their ability to innovate and to be competitive in global markets. There’s a huge opportunity here for Canada to get serious about this issue, and have a competitive advantage.
Why should the public care? The CFIB estimates that regulation costs Canadian businesses over $30-billion a year. Reducing red tape translates into more job opportunities, higher wages, lower prices, higher tax revenues and less stress for business owners and their families. The CFIB says that first step toward meaningful change is to make sure the public knows about it and understands that this is a huge hidden tax that frustrates entrepreneurship. The general public might encounter red tape occasionally with renovating a home or getting a passport, but business owners encounter red tape day in and day out being in compliance with business regulations with three levels of government. The CFIB also wanted to give business owners a sense of hope that things can change. Many business owners often feel no one is listening to them or that there’s nowhere to tell their stories and get action.
So who in Canada is the biggest red tape offender? Many say Canada Revenue Agency (CRA), who is responsible for monitoring the collection of taxes. The CRA has made every business a tax collector (unpaid it should be noted) as small business is responsible for collecting and remitting the taxes at both the employee and customer level. In some cases this becomes a Red Tape nightmare. CRA also represents the federal government . But provincial and municipal governments can make life miserable and threaten business, too.
The CFIB differentiates red tape from necessary rules and regulations. Business owners say that red tape could easily be reduced by 25 per cent without harming any of the legitimate health and safety objectives of regulations. That’s the equivalent of a $7.5-billion annual stimulus package for business.
Here are some great Red Tape examples. Duplication is a huge problem for businesses. Often the level of government isn’t aware of the duplication, and sometimes the duplication has conflicting rules. That type of issue can be extremely frustrating.
So what can governments do?The CFIB says it’s pretty simple. They want government to set targets for reducing red tape. They want them to measure and be publicly accountable for those targets. Once those targets have been met, they want them to keep measuring and being publicly accountable and to set a ‘zero increase' target to control red tape going into the future.
The CFIB also wants the CRA to introduce a taxpayer fairness code, to use more tax-friendly language and to give taxpayers the right to get information in writing. They want this for all large and small companies or individuals should be able to call and ask for advice, be able to get that in writing, and then have that written advice respected even if it’s wrong.
Another factor is accessibility. Many CFIB members get busy signals, are put on hold or get disconnected. For example, once the CFIB called the CRA on a member’s behalf, and was disconnected after 17 minutes on hold, then when they called back, got a different answer the second time, asked again where if they could see the issue in writing on the Web site, got put on hold again, this time for 26 minutes, and then were disconnected. The third time they called back, the CFIB rep asked to speak to a manager. The person on the other end of the phone said we couldn’t speak to a manager and wouldn’t give them any identifying information, and said if we left their information, someone would call them back tomorrow. A perfect example of more Red Tape.
What can business do? Business should also contact their Member of Parliament, their local municipal politicians or provincial counterparts and tell them you need more help in cutting out Red Tape.
If this was business and we gave our customers the same type of Red Tape problems you know they would shop somewhere else. Unfortunately governments at all levels have monopolies and they are not customer centric. In that case they can give us all the Red Tape we can handle. For most Canadian businesses we want less Red Tape and better environment to make money.
Want to get involved in Red Tape Awareness Week, check out www.cfib.ca
Kensel Tracy is the Marketing Coach with the Corporate Coachworkz Inc. with offices located in Ottawa and Chelsea, Quebec. He is also the President of Business Over Breakfast Clubs of North America. If you have a story of interest, he can be contacted at kenselt@sympatico.ca
So what is red tape exactly? According to the CFIB, it’s a combination of things. Sometimes it’s dumb rules that don’t accomplish what they intend to accomplish. Sometimes it’s complicated forms or language, permit delays or getting different interpretations about the rules from government.
How big is the problem? Thee CFIB says that if you ask any business owner, they’ll tell you a red tape story. Some problems are small; some threaten or have closed businesses. Around 60 per cent of business owners say that it affects their productivity, their ability to innovate and to be competitive in global markets. There’s a huge opportunity here for Canada to get serious about this issue, and have a competitive advantage.
Why should the public care? The CFIB estimates that regulation costs Canadian businesses over $30-billion a year. Reducing red tape translates into more job opportunities, higher wages, lower prices, higher tax revenues and less stress for business owners and their families. The CFIB says that first step toward meaningful change is to make sure the public knows about it and understands that this is a huge hidden tax that frustrates entrepreneurship. The general public might encounter red tape occasionally with renovating a home or getting a passport, but business owners encounter red tape day in and day out being in compliance with business regulations with three levels of government. The CFIB also wanted to give business owners a sense of hope that things can change. Many business owners often feel no one is listening to them or that there’s nowhere to tell their stories and get action.
So who in Canada is the biggest red tape offender? Many say Canada Revenue Agency (CRA), who is responsible for monitoring the collection of taxes. The CRA has made every business a tax collector (unpaid it should be noted) as small business is responsible for collecting and remitting the taxes at both the employee and customer level. In some cases this becomes a Red Tape nightmare. CRA also represents the federal government . But provincial and municipal governments can make life miserable and threaten business, too.
The CFIB differentiates red tape from necessary rules and regulations. Business owners say that red tape could easily be reduced by 25 per cent without harming any of the legitimate health and safety objectives of regulations. That’s the equivalent of a $7.5-billion annual stimulus package for business.
Here are some great Red Tape examples. Duplication is a huge problem for businesses. Often the level of government isn’t aware of the duplication, and sometimes the duplication has conflicting rules. That type of issue can be extremely frustrating.
So what can governments do?The CFIB says it’s pretty simple. They want government to set targets for reducing red tape. They want them to measure and be publicly accountable for those targets. Once those targets have been met, they want them to keep measuring and being publicly accountable and to set a ‘zero increase' target to control red tape going into the future.
The CFIB also wants the CRA to introduce a taxpayer fairness code, to use more tax-friendly language and to give taxpayers the right to get information in writing. They want this for all large and small companies or individuals should be able to call and ask for advice, be able to get that in writing, and then have that written advice respected even if it’s wrong.
Another factor is accessibility. Many CFIB members get busy signals, are put on hold or get disconnected. For example, once the CFIB called the CRA on a member’s behalf, and was disconnected after 17 minutes on hold, then when they called back, got a different answer the second time, asked again where if they could see the issue in writing on the Web site, got put on hold again, this time for 26 minutes, and then were disconnected. The third time they called back, the CFIB rep asked to speak to a manager. The person on the other end of the phone said we couldn’t speak to a manager and wouldn’t give them any identifying information, and said if we left their information, someone would call them back tomorrow. A perfect example of more Red Tape.
What can business do? Business should also contact their Member of Parliament, their local municipal politicians or provincial counterparts and tell them you need more help in cutting out Red Tape.
If this was business and we gave our customers the same type of Red Tape problems you know they would shop somewhere else. Unfortunately governments at all levels have monopolies and they are not customer centric. In that case they can give us all the Red Tape we can handle. For most Canadian businesses we want less Red Tape and better environment to make money.
Want to get involved in Red Tape Awareness Week, check out www.cfib.ca
Kensel Tracy is the Marketing Coach with the Corporate Coachworkz Inc. with offices located in Ottawa and Chelsea, Quebec. He is also the President of Business Over Breakfast Clubs of North America. If you have a story of interest, he can be contacted at kenselt@sympatico.ca
Thursday, December 9, 2010
There’s a Lot to be Thankful for in Business This Holiday Season
A lot of North America is going through tough times especially our friends to the south who are still finding their way out of the recession. Just when it was thought that things were turning around it now seems that the recession is still got a hold on the U.S. and well in Canada things are still pretty much the same. We are holding our own and things are starting to look brighter every day.
It does not matter much where you are in the grand scheme of business or what religion you practice or preach, the holiday or the Christmas season is upon us and as a world we still have a lot to be thankful for. The following represents my five top business things to be thankful for this holiday season.
One: I want to say thank you for the internet and all the free services provided by the internet. Everything from sharing pictures and photos with friends, talking on Skype and having access to free email and millions upon millions of bytes of information on Google. This is one business tool we should never stop thanking.
Two: I want to say thank you for my Blackberry mobile phone. The Blackberry in my mind is one of Canada’s greatest inventions. Mind you it’s now taking second place to the Apple IPhone and the I pad but hopefully it won’t be there for long and with the advent of the new tablet in the spring, Blackberry should be back in the game.
Three: I wanted to say thank you to my customers. Customers are my greatest asset. They teach me how to run my business. They demand more from me and push me to be better than I could ever be alone. A wise man once said, if you want to know how to sell your product, just ask your customers. Too often as business people we forget that it’s our customers that are really our business. Without them we would not have a business, so thanks.
Four: I wanted to thank my suppliers. Without them I would also not have a business. They help me to produce the products I need to sell. Without my suppliers I would not have the research and development and the help to develop better products. So to my suppliers, thank you.
Five: I wanted to thank all the folks at the National Networker. It’s a great thing that they do month after month providing information for everyone. They have built an amazing resource and without it I would not have a monthly forum to express an opinion and tell some amazing stories. So to the team at the National Networker, thanks and lets have a great 2011 and to you the reader, thanks.
So we have a lot to be thankful for. I left out the usual stuff, like my family, my health and my banker, however those things get thanked every day.
I also thank the creator for making my life an amazing thing and in Canada (and North America for that matter) we have the opportunity to do anything we want in business.
So if you are business person out there and think and wonder when it’s going to turn around, just remember you are connected and you to have a lot to be thankful for. As we move into a new year, there are a lot of little things to be thankful for. It’s the little things that take care of the big things. So when in doubt say thanks and prosper.
It does not matter much where you are in the grand scheme of business or what religion you practice or preach, the holiday or the Christmas season is upon us and as a world we still have a lot to be thankful for. The following represents my five top business things to be thankful for this holiday season.
One: I want to say thank you for the internet and all the free services provided by the internet. Everything from sharing pictures and photos with friends, talking on Skype and having access to free email and millions upon millions of bytes of information on Google. This is one business tool we should never stop thanking.
Two: I want to say thank you for my Blackberry mobile phone. The Blackberry in my mind is one of Canada’s greatest inventions. Mind you it’s now taking second place to the Apple IPhone and the I pad but hopefully it won’t be there for long and with the advent of the new tablet in the spring, Blackberry should be back in the game.
Three: I wanted to say thank you to my customers. Customers are my greatest asset. They teach me how to run my business. They demand more from me and push me to be better than I could ever be alone. A wise man once said, if you want to know how to sell your product, just ask your customers. Too often as business people we forget that it’s our customers that are really our business. Without them we would not have a business, so thanks.
Four: I wanted to thank my suppliers. Without them I would also not have a business. They help me to produce the products I need to sell. Without my suppliers I would not have the research and development and the help to develop better products. So to my suppliers, thank you.
Five: I wanted to thank all the folks at the National Networker. It’s a great thing that they do month after month providing information for everyone. They have built an amazing resource and without it I would not have a monthly forum to express an opinion and tell some amazing stories. So to the team at the National Networker, thanks and lets have a great 2011 and to you the reader, thanks.
So we have a lot to be thankful for. I left out the usual stuff, like my family, my health and my banker, however those things get thanked every day.
I also thank the creator for making my life an amazing thing and in Canada (and North America for that matter) we have the opportunity to do anything we want in business.
So if you are business person out there and think and wonder when it’s going to turn around, just remember you are connected and you to have a lot to be thankful for. As we move into a new year, there are a lot of little things to be thankful for. It’s the little things that take care of the big things. So when in doubt say thanks and prosper.
Friday, September 3, 2010
The Centre of Excellence for Public Sector Marketing Helps the Public Sector Market.
If you are a lot like me and think that Federal, Provincial or Municipal governments lack marketing expertise, all one needs to do is look at the recent Ontario Government communications fiasco in launching the new Eco Tax in Ontario. The Eco tax is being called a levy by the Provincial government when in reality it’s a surcharge on a purchase that looks a lot like a tax. The government launched this program July 1st and has already had major complaints from both the consumer and retailers.
One of Canada’s major retailers Canadian Tire has already told the government it will not be charging the tax because it’s too confusing, complicated, does not provide a service to its customers and is hard to administer. On top of that, the provincial government actually lied to its residents saying that it will cost other $5million dollars for pulling the tax when it has over $73 million taxpayer dollars tied up in investments inside the ad hoc government department that is acting at the custodian of the funds.
The bottom-line for the Provincial Government of Ontario, a major marketing and communications blunder. So why is it that government organizations stumble, when it comes to giving constitutes the right information in a timely manner?
All you need to do is as Jim Mintz from the Centre of Excellence for Marketing in the Public Sector. Jim has dedicated his life to marketing, primarily in the public sector with Health Canada where he launched some of Canada’s most successful health campaigns. When it came time to retire, Jim left the government and setup of the Centre. CEPSM as it is called helps all kinds of public sector clients learn the ins and outs of marketing to Canadians. Jim’s group now consists of 17 associates many who had notable public sector careers in marketing, communications and advertising along with a team of younger associates that run the Centre’s Social Media, Web and advertising divisions.
Jim also taught marketing at Carleton University up until last year and regularly gives seminars and workshops on New and Social Media and Social Marketing which includes modifications of habits, beliefs, actions and views about many of the country’s major social and health issues. Jim eats, sleeps and talks marketing. He has developed strategies and launched campaigns for health, public safety, and has taught clients from almost every level of government on how to market their programs and services.
The Centre also has affiliated offices in Regina, Calgary, Toronto, Montreal and Ottawa. So the next time you see a public figure, group or organization needing help in marketing or communicating, give The Centre of Excellence for Public Sector Marketing a call. They can be found on the web at www.publicsectormarketing.ca or contact Jim directly at jim.mintz@publicsectormarketing.ca
One of Canada’s major retailers Canadian Tire has already told the government it will not be charging the tax because it’s too confusing, complicated, does not provide a service to its customers and is hard to administer. On top of that, the provincial government actually lied to its residents saying that it will cost other $5million dollars for pulling the tax when it has over $73 million taxpayer dollars tied up in investments inside the ad hoc government department that is acting at the custodian of the funds.
The bottom-line for the Provincial Government of Ontario, a major marketing and communications blunder. So why is it that government organizations stumble, when it comes to giving constitutes the right information in a timely manner?
All you need to do is as Jim Mintz from the Centre of Excellence for Marketing in the Public Sector. Jim has dedicated his life to marketing, primarily in the public sector with Health Canada where he launched some of Canada’s most successful health campaigns. When it came time to retire, Jim left the government and setup of the Centre. CEPSM as it is called helps all kinds of public sector clients learn the ins and outs of marketing to Canadians. Jim’s group now consists of 17 associates many who had notable public sector careers in marketing, communications and advertising along with a team of younger associates that run the Centre’s Social Media, Web and advertising divisions.
Jim also taught marketing at Carleton University up until last year and regularly gives seminars and workshops on New and Social Media and Social Marketing which includes modifications of habits, beliefs, actions and views about many of the country’s major social and health issues. Jim eats, sleeps and talks marketing. He has developed strategies and launched campaigns for health, public safety, and has taught clients from almost every level of government on how to market their programs and services.
The Centre also has affiliated offices in Regina, Calgary, Toronto, Montreal and Ottawa. So the next time you see a public figure, group or organization needing help in marketing or communicating, give The Centre of Excellence for Public Sector Marketing a call. They can be found on the web at www.publicsectormarketing.ca or contact Jim directly at jim.mintz@publicsectormarketing.ca
Canada Is Rebounding While the U.S. Falters
It’s the dog days of summer and I was reviewing the difference in attitudes in between Canada and the U.S. in business. The Canadian market is holding its own. I recently tried to do a joint-venture partnership with a company in the U.S.
I was surprised that the people I was trying to work with were negative and down on the economy in the U.S. and I was also surprised how fragile they were in taking risks. As a business person who has consistently worked throughout North America for the past 30 years I was surprised that Americans were sounding like Canadians in the 70’s and Canadians were sounding like Americans in the 80’s. Canada is on the rebound and there are a number of reasons.
Canada's economy has consistently outperformed that of the United States since the beginning of the financial crisis. And while it's showing signs of slowing down, Canada's pending decline will be far shallower than that of the United States, and its rebound more dynamic.
Canada's gross domestic product (GDP) expanded by 6.1% in the first quarter of the year - the highest rate of growth among developed nations - and the country is expected to lead Group Seven (G7) nations in economic growth for at least the next two years; why ? Well there are many reasons.
Canada’s banking system is sound, banks stayed out of the mortgage business and while granting credit made it flexible for Canadians to get into the mortgage business but did not get that involved in the sub-prime game. Canadians look at the word market and not just at their own market. This has allowed them to make huge gains in Far East, North and South America and Europe. The country has bountiful resources including: lumber, oil, raw materials, water and land, much of it undeveloped.
Canada’s economy is moving into a service-based economy more that it’s been in the past. Health Care, education, knowledge and a highly educated work force also have an impact. Compared to the U.S. corporate interests have less influence over government policy and we have far less government debt.
The Canadian economy grew at a 2.0% annualized pace in the second quarter of 2010, shy of the 2.5% gain expected by forecasters. The increase was slower than in the previous two quarters in large part due to a 3.0 percentage point (ppt) net export drag. Inventory rebuilding and increasing domestic demand offset the weight from trade. The first-quarter growth rate was revised to show a 5.8% annualized gain from 6.1% previously.
Both consumer spending and business fixed investment rose in the second quarter although consumption slowed to a 2.6% annualized pace from the strong 4.3% rise recorded in the first quarter. Investment spending posted a healthy 9.1% annualized gain with spending on machinery and equipment rising by a solid 29.7% annualized pace. Residential investment slowed in the quarter, rising 1.2% although this followed two quarters of very strong increases. Spending on non-residential structures eked out a mild 1.0% increase, contrary to expectations for another decline.
Gains in these areas contributed to decent growth in the final domestic demand of 3.5% building on three quarters of very strong gains. The contribution from inventories was smaller than expected in the second quarter, adding 1.8 ppt and matching the first-quarter's revised contribution. The rise in domestic demand in recent quarters suggests that this inventory rebuilding in large part was desired.
The strength in domestic spending also contributed to imports rising at a rapid 16.4%annualized pace. Export growth was milder at 6.0% resulting in net exports subtracting 3.0 ppt in the quarter. Our expectation was that this component would cut 3.8 ppt off the quarterly growth rate.
While the overall growth rate disappointed forecasters, this report confirms that domestic conditions in the economy remained strong.
Let’s hope our friends to the south will start spending money, investing in real assets and remember that they are still one of strongest countries and economies in the world.
You just need to get Americans to start thinking like Canadians – for years we had to do it the hard way and with 1/10th of the population of the U.S. it should be easier for the U.S. to rebound. As good neighbours I hope things will improve for our southern cousins soon. We are beside you in Afghanistan, terrorism and we will be behind you as well in helping your economy rebound.
Kensel Tracy is a business coach and Senior Partner with the Corporate Coachworkz in Chelsea, Quebec Canada.
I was surprised that the people I was trying to work with were negative and down on the economy in the U.S. and I was also surprised how fragile they were in taking risks. As a business person who has consistently worked throughout North America for the past 30 years I was surprised that Americans were sounding like Canadians in the 70’s and Canadians were sounding like Americans in the 80’s. Canada is on the rebound and there are a number of reasons.
Canada's economy has consistently outperformed that of the United States since the beginning of the financial crisis. And while it's showing signs of slowing down, Canada's pending decline will be far shallower than that of the United States, and its rebound more dynamic.
Canada's gross domestic product (GDP) expanded by 6.1% in the first quarter of the year - the highest rate of growth among developed nations - and the country is expected to lead Group Seven (G7) nations in economic growth for at least the next two years; why ? Well there are many reasons.
Canada’s banking system is sound, banks stayed out of the mortgage business and while granting credit made it flexible for Canadians to get into the mortgage business but did not get that involved in the sub-prime game. Canadians look at the word market and not just at their own market. This has allowed them to make huge gains in Far East, North and South America and Europe. The country has bountiful resources including: lumber, oil, raw materials, water and land, much of it undeveloped.
Canada’s economy is moving into a service-based economy more that it’s been in the past. Health Care, education, knowledge and a highly educated work force also have an impact. Compared to the U.S. corporate interests have less influence over government policy and we have far less government debt.
The Canadian economy grew at a 2.0% annualized pace in the second quarter of 2010, shy of the 2.5% gain expected by forecasters. The increase was slower than in the previous two quarters in large part due to a 3.0 percentage point (ppt) net export drag. Inventory rebuilding and increasing domestic demand offset the weight from trade. The first-quarter growth rate was revised to show a 5.8% annualized gain from 6.1% previously.
Both consumer spending and business fixed investment rose in the second quarter although consumption slowed to a 2.6% annualized pace from the strong 4.3% rise recorded in the first quarter. Investment spending posted a healthy 9.1% annualized gain with spending on machinery and equipment rising by a solid 29.7% annualized pace. Residential investment slowed in the quarter, rising 1.2% although this followed two quarters of very strong increases. Spending on non-residential structures eked out a mild 1.0% increase, contrary to expectations for another decline.
Gains in these areas contributed to decent growth in the final domestic demand of 3.5% building on three quarters of very strong gains. The contribution from inventories was smaller than expected in the second quarter, adding 1.8 ppt and matching the first-quarter's revised contribution. The rise in domestic demand in recent quarters suggests that this inventory rebuilding in large part was desired.
The strength in domestic spending also contributed to imports rising at a rapid 16.4%annualized pace. Export growth was milder at 6.0% resulting in net exports subtracting 3.0 ppt in the quarter. Our expectation was that this component would cut 3.8 ppt off the quarterly growth rate.
While the overall growth rate disappointed forecasters, this report confirms that domestic conditions in the economy remained strong.
Let’s hope our friends to the south will start spending money, investing in real assets and remember that they are still one of strongest countries and economies in the world.
You just need to get Americans to start thinking like Canadians – for years we had to do it the hard way and with 1/10th of the population of the U.S. it should be easier for the U.S. to rebound. As good neighbours I hope things will improve for our southern cousins soon. We are beside you in Afghanistan, terrorism and we will be behind you as well in helping your economy rebound.
Kensel Tracy is a business coach and Senior Partner with the Corporate Coachworkz in Chelsea, Quebec Canada.
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