Innovation is a lot like life, with all its ups and downs

Despite government hyperbole, small businesses know that innovation is difficult, costly and sometimes reveals unfortunate truths

Innovation is a lot like life, with all its ups and downsA handy term that invokes sweet dreams of big scores for small businesses everywhere is ‘innovation.’ Government officials, burdened with the otherwise boring work of economic development, are obsessed with it. Its mere mention, they think, virtually guarantees a contact high. Hey folks, their websites screech, roll up and read all about our “Superclusters Initiative,”…

Canada is squandering its intangible future

The digital economy is underpinned by a new class of non-physical assets. Why aren’t we investing in them?

Canada is squandering its intangible futureCanada is in danger of becoming a tenant nation, according to a recent Public Policy Forum report written by Sean Speer and Robert Asselin. Speer and Asselin describe a post-industrial Canada falling into a modern form of dependency where, although we generate world-class innovation, we lack essential infrastructure and/or skills to commercialize it. We’re simply…

BDC Capital investing in change-of-ownership transactions

BDC Capital has invested over $180 million in change-of-ownership transactions since December 2017

BDC Capital investing in change-of-ownership transactionsBDC Capital, the investment arm of BDC (Business Development Bank of Canada), has invested over $180 million in change-of-ownership transactions since December 2017 and is on track with its pledge to invest $900 million in such deals over five years. "Investing in business transitions is one of our core offerings," said Patrick Latour, Senior Vice…

Escaping from Technology Jail

Canada’s entrepreneurs cannot compete against global competition with one hand tied behind their backs

Escaping from Technology JailSome of my biggest battles in business have been with accountants. They seem to take great pleasure in playing Dr. No. No you can’t capitalize intangible assets, no you can’t use enterprise valuations, no you can’t, no you can’t, no you can’t! Until I met Joseph Batty, I had no idea that accountants were like…

What’s wrong with Canada’s tech sector?

Technology entrepreneurs are locked behind bars of asset ignorance

What’s wrong with Canada’s tech sector?Everybody has a story or two about an exciting new technology that was going to change the world; but was never heard from again. What happens to these great ideas? It’s all very puzzling. But, it does raise a serious question: what’s wrong with Canada’s tech sector? Is there a structural flaw? The short answer…

5 ways to ensure your customers pay on time, every time

It’s important to keep a steady hand on the finances to ensure there is always enough money available to pay your own bills

5 ways to ensure your customers pay on time, every timeWhen you examine common reasons that most businesses fail, issues with cash flow generally come up every time, for both new companies and the most well-established organizations. As a result, no matter the size of a venture, it’s important to keep a steady hand on the finances and ensure that there is always enough money…

Crowdfunding is democratizing finance

It’s opening up the financial sector, serving acute needs and transforming how businesses raise capital

Crowdfunding is democratizing financeWhen fundraising garnered leftover crumbs, the gatekeepers of finance barely cared to notice. Now digitized, it’s drawing a growing portion of the financial pie, running into regulatory barriers and legal limbo in Canada. The critics of crowdfunding, particularly regarding private equity, make many accurate claims. Open-access financial intermediation dislodges state social services and favours savvy…

Broadening the scope of the business footprint

Kent Kaufield of EY talks about why its important to embrace change and the technology that drives that change

Broadening the scope of the business footprintKent Kaufield is EY Calgary office managing partner and energy managing partner. What are the main services EY offers to companies and businesses? Kaufield: We’re a professional services firm, which means we traditionally get grouped in the same bucket as auditors and accountants. We do that work and we love doing it, but how we…

Can we avoid another financial crisis?

We need to embrace intangible assets. And the lending world and investors need to free up funds to support intangible creators

Can we avoid another financial crisis?Could intangibles help avert the next financial crisis? Yes. And they'd better, because the train of global prosperity is about to jump the track and intangible assets are the only possible salvation. Today's headlines are depressing. There's a constant stream of negativity led by U.S. President Donald Trump's assault on the North American Free Trade…

Was the 2008 financial crisis exacerbated by official misjudgment?

Countries as disparate as Ireland, Iceland and Greece showed that misplaced financial exuberance has many pedigrees

Was the 2008 financial crisis exacerbated by official misjudgment?We were on a train from London to Edinburgh when the financial crisis erupted in September 2008. The newspaper headlines were downright lurid and the detailed stories provided little comfort. A financial catastrophe was about to descend on all of us. As relatively recent retirees, we felt particularly vulnerable. There’d be no time or opportunity…