Why healthy enthusiasm for entrepreneurship won't fix ailing economy. The level of interest in entrepreneurship among people between the ages of 18 and 34 years old is at an all-time high. But a strong correlation between a survey by UCLA’s Cooperative Institutional Research Program and the Misery Index shows that when the economy is sputtering (and jobs are few and far between), more college freshmen aspire to being entrepreneurs, and when the economy is strong, fewer do. Translation: high levels of interest in entrepreneurship among young people means the economy is bad. Entrepreneur.com
Quebec's small business pledge. Along with a $1-billion fund to help companies finance foreign acquisitions and a new law that would give Quebec companies more power to reject foreign takeovers without giving shareholders a say, Jean Charest said today a Liberal government would allow small-business owners to get a capital-gains tax break when they sell a small business to a family member. The Globe and Mail.
Gold for small business? Not necessarily. As the curtains close on the London 2012 Olympics, it's time to assess whether it was a boon or bust for local businesses. AMEX Open Forum.
Crowdfunding gets sexy. Work in the sex industry and need to raise a bit of extra cash? Look no further than Offbeatr, a Kickstarter-esque startup which helps sex industry talent a way to crowdfund potential projects online. Inc.com.
Pet food gets fresh. Of the $20-billion U.S. pet food market, only 1 per cent is refrigerated. But the category is expected to grow to 25 per cent over the next three years. Here's how Freshpet, one of the companies pioneering the new category, hopes to grow the business and forever alter way consumers think about pet food. Bloomberg Businessweek.
EVENTS AND KEY DATES
Start it up
Vancouver's Startup Weekend takes place on Aug. 17 and provides an unprecedented level of networking, team building, learning, and life changes for its attendees and their communities.
Small Business Summit
Vancouver is also the venue for the next Small Business Summit, to take place on Oct. 4. Presented by The Globe and Mail’s Report on Small Business, the one-day event will include keynotes, panel discussions, mentor programs and other offerings. Save more than 40 per cent with the “kick-off rate” by registering before Aug. 31. For more information, click here.
EDITOR’S PICKS FROM REPORT ON SMALL BUSINESS
When strategic vision isn’t shared, startups may be headed for failure
Even if they have the right product at the right time, founders must share a belief in moving in the same direction if they hope to succeed
FROM THE ROSB ARCHIVES
How to keep staff absences from being unexpected
In an ideal world, everyone would always show up for work. We don't live in an ideal world, and the smaller the business, the bigger the effect that unmanaged absenteeism has on it
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