Yes, AI is changing the world of work, and no one knows exactly how this will play out. But we should all be paying close attention to this new and emerging opportunity/threat. I have been testing ChatGPT, the latest breakthrough in AI technology. The answers are interesting, somewhat revealing, and maybe even sometimes suspect. But ignore it at your peril! There is a virtual explosion of software applications that are using this same AI technology to solve the full range of human challenges. Meaning — that it could put you out of work.
In a recent conversation I learned that Deloitte is forecasting that as much of 50 % of the workforce will be impacted over the next five years! If you are lucky enough to keep your job at a larger company, the work will be so automated that it will leave little room for your creative talents. Work will continue to be even more meaningless.
Other people will be laid off. They will have to redefine themselves and compete against a growing cadre of the unemployed. I expect that many people will have to work gigs, i.e., freelance, from one task or project to another. People will need to adopt software tools and agile methods to quickly join teams of complementary competencies. In other words, I expect that there will be growing demand for the kinds of support services that Wayfinders is imagining.
I asked ChatGPT this: “What are the top 20 tips for improving small business management efficiency and effectiveness?”
In about five seconds it answered:
ChatGPT
As an AI language model, I have gathered some of the most effective tips for small business management efficiency and effectiveness based on industry best practices and expert opinions. Here are the top 20 tips:
Set clear goals and objectives: Clearly define what you want to achieve and create a roadmap to get there.
Prioritize tasks: Determine what is most important and urgent and tackle those first.
Create a budget: Know how much money you have to work with and where it’s going.
Monitor cash flow: Keep track of incoming and outgoing funds to ensure financial stability.
Automate processes: Utilize technology to streamline tasks and reduce manual labor.
Hire the right employees: Find candidates with the necessary skills and experience to complement your team.
Delegate responsibilities: Assign tasks to employees who have the necessary skills and experience.
Communicate effectively: Provide clear instructions, share feedback, and encourage open dialogue.
Encourage creativity and innovation: Foster an environment that encourages new ideas and solutions.
Use data to make decisions: Analyze data to inform business decisions and track progress.
Develop a marketing strategy: Create a plan to promote your business and attract new customers.
Focus on customer service: Provide excellent customer service to increase customer satisfaction and loyalty.
Network: Build relationships with other business owners, industry professionals, and potential customers.
Embrace change: Be adaptable and willing to adjust strategies and processes as needed.
Manage time effectively: Use time management techniques to stay organized and productive.
Set up a mentorship program: Pair employees with mentors to help them grow professionally.
Provide ongoing training: Offer professional development opportunities to employees to improve skills and knowledge.
Keep up with industry trends: Stay informed about industry news and trends to stay competitive.
Foster a positive company culture: Create an environment that promotes collaboration, respect, and positivity.
Take care of yourself: As a leader, it’s important to prioritize your own well-being to ensure you have the energy and focus to lead effectively.
By implementing these tips, small business owners can improve their management efficiency and effectiveness, leading to increased productivity, profitability, and overall success.
So, not much new, here, but some good reminders for those who have been running a business for a while. If you want to play with ChatGPT for free, you can find it here.
What I always enjoy most this time of year is the mirror of reflection that
turns to a window on the future. Its a time to measure and celebrate successes
and plan for new ones. Its a time to indulge in the memories of good times,
good works and good people. Its then time to project our best intentions and
plot their realization.
Wayfinders has been making great progress of late, thanks to a team of
committed people in their chosen land. I would like to thank them especially, for their contributions to our developing websites:
Darry Heuman and William Fritzberg
have provided a indispensable guidance and leadership through this effort.
Thanks to Dean Heuman and Focus Communication for the use of their meeting
space.
I’d like to thank my fellow board directors for their contributions and
guidance:
Thanks to great facilitation by Bill Moore-Kilganon
we now have a working strategic plan! We worked through the annual financial
statements and now our strategic plan is unfolding.
Thanks to Marie Gervais, Rena Chiovelli and Kirsha Campbell for preparing the important member survey, and Rena Chiovelli for helping with our FB Group and hosting our summer gathering. These are critical components of serving our member’s needs.
Summer Social Gathering at Rena’s home
Spring Mixer at Ricky’s All Day Grill
Leo at trade show booth at EREIC Connector event
Thank you to Fresia Pilquil and Paul Cheung for their
video productions. We can expect to see more of this coming soon.
Ricky’s All Day Grill (back room) , 109 Street and Jasper Avenue
Plenty of free parking
The future is moving target. A lot of people are feeling stressed about
the uncertain future. As self-employed and entrepreneurs, how can you
prepare to do your best work and get the rewards you deserve? Where
are the trends leading us? What forces are driving these trends? Why
should we care? What happens if we do nothing? As self-employed and
entrepreneurs, how do we need to prepare? Randal Adcock will share some of the ideas he’s working on for a new book about the future. Then we’ll open for discussion.
Points on Trends and Responses: • Transformative Innovation – Reframe, re-engineer, redefine yourself and your personal potential • AI and Automation – Small business digital transformation to magnify, amplify and multiple your valued talents • Outsourcing – Gig work opportunities and how to surf the learning curve • Competing with larger corporations – Smart collaboration teams with diverse talents • Accelerating Change – Agile prototype everything, test and scale up • Exponential Growth of Civil Complexity – Focus, simplify, and specialize but also be an informed generalist • Extreme everything – Remember sufficient action, balance, moderation, chi
With Modern-Day Investing of Raymond James Ltd., we provide a depth of ability and resources to match your needs and to help you make the most of each investment opportunity.
With a full-service product offering, our team will customize the solutions for your unique needs and situation. Including, but not limited to:
Access to Information
Low-cost Index Exchange-Traded Funds
High Distribution Yields
Structured Notes
Alternative Investments
In addition to the above, complimentary services include:
Financial Planning
Tax Solutions
Insurance Solutions
Estate and Legacy Solutions
Charitable Giving Strategies
To learn more about how we can help, reach out to Paul Hoar at paul.hoar@raymondjames.ca | 587-738-0051
By Randal Adcock, MA, President, Wayfinders Business Co-operative
Many people don’t know much about co-operatives as a form of corporate structure. They know even less about the co-operative community and worldwide movement. I can tell you a bit about these from my Wayfinders point of view.
The ACCA Annual Conference
As President of Wayfinders Business Co-operative, I had the privilege of attending the exciting 2024 Alberta Community and Co-operative Association (ACCA) annual conference in Edmonton this week. The event was both a homecoming and a forward-looking experience, offering a unique blend of reconnecting with long-standing colleagues and engaging with emerging leaders in the cooperative sector.
Reflecting on my journey, I recall my training two decades ago to become a worker co-op developer. Hazel Corcoran, then Executive Director of the Canadian Worker Co-op Federation (CWCF), connected me with mentors such as Lynn Hanley of Communitas in Edmonton and Marty Frost from British Columbia. At the conference, I had the pleasure of reconnecting with Lynn, who delivered an insightful presentation on housing cooperatives in Canada, her area of expertise. Hazel was also present to receive an award recognizing her innovative contributions to the cooperative movement.
It was equally gratifying to reunite with Elliot Bridgewater, LLB, Alberta’s leading cooperative and social enterprise lawyer. Elliot was honored with one of the two Visionary Leadership awards for his work with the Water Valley Investment Co-op near Calgary. Additionally, I was proud to see Prof. Mohamed Maie, author and one of our newest members at Wayfinders, receive the second Visionary Leadership award for his lifelong dedication to cooperative promotion, development, and education. This continues Wayfinders’ tradition of excellence, following last year’s awards to fellow Wayfinders Yvonne Chui of Multicultural Health Brokers Co-op, and Lindsay Luhnau, recognized for her innovative work in Calgary. I feel proud that we are able to attract this level of talent and conviction to our worthy cause!
Figure 1Prof Mohamed Mai and Abukar Maie with Premier Danielle Smith
The conference was a fertile ground for building the future of the cooperative community. I engaged with dynamic individuals from new startups and established federations, including multistakeholder cooperatives serving both consumers and producers, as well as large utility cooperatives providing rural communities with essential services like gas, electricity, and clean water. Notably, Calgary Co-op boasts approximately 260,000 members, underscoring the significant impact of cooperatives in the region.
The event highlighted numerous opportunities for collaboration, alliances, and partnerships among cooperatives and other organizations, such as Alberta’s agricultural societies. I gained valuable insights into promoting and growing cooperatives and discovered various resources available to support them. An idea emerged: Wayfinders could consider offering a crowdfunding platform for our members and regional cooperatives to facilitate growth and innovation.
A highlight of the conference was Alberta Premier Danielle Smith’s address, marking her second consecutive year emphasizing the importance of cooperatives in Alberta’s economy. Her presence, along with several ministers and MLAs at the Tuesday night mixer, demonstrated the government’s recognition of the cooperative sector’s vital role, even amidst significant political events elsewhere.
The conference was an inspiring and informative experience. I encourage fellow Wayfinders to attend future events to immerse themselves in the regional cooperative sector and contribute to its ongoing development. There is much to be learned, explored and understood in the world of co-operatives.
Co-operative in the Social Economy Sector
Cooperatives are member-owned and democratically controlled enterprises that prioritize the needs and aspirations of their members over profit maximization. They play a pivotal role in the social economy by fostering inclusive growth, community development, and sustainable practices.
As of recent estimates, there are approximately 3 million cooperatives worldwide, encompassing various sectors such as agriculture, finance, retail, and housing. These cooperatives collectively serve over 1 billion members, highlighting their extensive reach and impact on global economies.
The Seven Cooperative Principles
Cooperatives worldwide adhere to seven core principles that guide their operations and governance:
1. Voluntary and Open Membership: Cooperatives are open to all individuals willing to accept the responsibilities of membership, without discrimination.
2. Democratic Member Control: Members actively participate in setting policies and making decisions, adhering to democratic processes.
3. Member Economic Participation: Members contribute equitably to, and democratically control, the capital of their cooperative.
4. Autonomy and Independence: Cooperatives are autonomous organizations controlled by their members.
5. Education, Training, and Information: Cooperatives provide education and training for their members, elected representatives, managers, and employees.
6. Cooperation Among Cooperatives: Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional, and international structures.
7. Concern for Community: Cooperatives work for the sustainable development of their communities through policies approved by their members.
There is a co-operative for everything,
There is a co-operative for everything, spanning nearly every sector of society and economy, from essential services to niche markets. Co-operatives can be found in agriculture, where farmers pool resources for equipment, seeds, and marketing, to housing co-ops that provide affordable living spaces owned collectively by residents. They include worker co-ops where employees are also the owners, fostering a democratic workplace, as well as consumer co-ops that empower shoppers with collective purchasing power. Energy co-ops generate and distribute renewable energy, while financial co-ops, like credit unions, offer community-based banking services. Even in healthcare, arts, and education, co-operatives build tailored solutions that align with community needs. This vast diversity underscores the cooperative model’s adaptability, proving that no matter the need or industry, there is likely a co-operative ready to address it through shared ownership, mutual benefit, and democratic governance.
Cooperatives in Canada and in Alberta
In Canada, the cooperative movement is robust and diverse. According to Statistics Canada, in 2021, there were 5,605 active non-financial cooperatives across the country. These cooperatives held $47.3 billion in total assets and employed 100,755 individuals, contributing significantly to the national economy.
Alberta’s cooperative sector is a vital component of the province’s economy. In 2021, Alberta was home to 493 active non-financial cooperatives. These cooperatives operate in various industries, including agriculture, retail, and housing, providing essential services and employment opportunities to Albertans. In addition, we have many credit unions, which are financial co-ops.
Several associations support and advocate for cooperatives at various levels. Wayfinders belongs to two:
Alberta Community and Cooperative Association (ACCA): ACCA is dedicated to strengthening Alberta’s cooperative sector through education, advocacy, and the promotion of cooperative principles. It provides resources and support to existing cooperatives and assists in the development of new ones.
Canadian Worker Co-operative Federation (CWCF): CWCF is a national, bilingual association of worker cooperatives and related organizations. It aims to support the development of worker cooperatives and promote the worker cooperative movement in Canada. Wayfinders is not a worker co-op but is an associate member of CWCF and receives potential benefits.
United Nations International Year of Cooperatives
The United Nations General Assembly has recognized the significant role of cooperatives in social and economic development by declaring 2025 as the International Year of Cooperatives (IYC2025). Celebrated under the theme “Cooperatives Build a Better World,” this designation underscores the cooperative model as a crucial solution for addressing various global challenges and advancing the implementation of the Sustainable Development Goals (SDGs) by 2030.
While precise membership numbers can vary, it is estimated that globally, cooperatives serve over 1 billion members. In Canada, millions of individuals are members of cooperatives, benefiting from the goods, services, and community support these organizations provide. In Alberta, cooperative membership is substantial, reflecting the province’s strong tradition of mutual aid and community collaboration.
Wayfinders Business Co-operative
Wayfinders Business Co-operative, based in Alberta, exemplifies the cooperative model by supporting its members, including small businesses, non-profits, and other cooperative organizations. As a social enterprise, it is embedded in a regional, national, and international community of cooperatives, aligning with the global cooperative movement’s principles and objectives.
In conclusion, cooperatives are integral to the social economy, promoting inclusive growth, democratic participation, and community development. Their global presence and adherence to core principles make them vital contributors to sustainable development and social well-being.
Kenneth Bainey is a retired IT executive with 40+ years of industry experience, including 10 years as CIO/CTO for the Government of Alberta. He is a part-time university lecturer and recipient of the PMI Global Project Management Excellence Award. Bainey has authored two textbooks on IT Project and Performance Management and most recently published the memoir “Sunshine, Snow Snowbird” (2023). He holds undergraduate and graduate university qualifications in Mathematics, Computer Science, and Finance, along with professional certifications in Information Technology, Artificial Intelligence, Project Management, Construction Engineering, and Management. He also owns K-Pic Systems Inc., providing strategic consulting, training, and AI research on Project Performance Management and Data Management.
About My Company K-PIC Systems Inc: K-Pic Systems Inc. is a consulting and training company specializing in strategic management, project management training, digital transformation, and AI research focused on Project and Data Management. It supports organizations by offering IT portfolio management, change management, and performance measurement to help achieve business objectives through innovative, technology-driven solutions.
Epic IT Security, founded in 2020 and headquartered in the dynamic city of Edmonton, has rapidly emerged as a leading force in the IT and cybersecurity sector. Our commitment to excellence is evident in our comprehensive suite of services, specializing in Managed Services and cutting-edge cybersecurity solutions. At Epic IT Security, we recognize that businesses face unique challenges, and our client-centric approach ensures that each client receives personalized solutions tailored to their specific needs and objectives.
What We Do
Our Managed Services are designed to provide end-to-end IT lifecycle management, offering proactive monitoring, maintenance, and rapid issue resolution. This proactive stance allows our clients to optimize their IT performance, minimize downtime, and focus on their core business activities. Simultaneously, our robust cybersecurity solutions address the escalating threats in the digital landscape, encompassing threat detection, vulnerability management, and security awareness training.
What sets Epic IT Security apart is our unwavering commitment to staying ahead of the curve. In the rapidly evolving field of cybersecurity, we leverage cutting-edge technologies and methodologies to safeguard your digital assets. Our experienced and skilled team of professionals ensures that your business receives top-notch service and support. We understand that technology is only as good as the people behind it, and our team is dedicated to providing innovative solutions and unmatched expertise.
Beyond our core services, Epic IT Security actively engages with the community. We believe in contributing to the digital well-being of our local community by providing educational resources on cybersecurity and supporting initiatives that promote digital literacy and awareness. As a local business headquartered in Edmonton, we offer the advantage of a quick and personalized response, ensuring that our clients receive on-site support when needed. Choose Epic IT Security as your trusted partner, and experience a seamless blend of innovation, expertise, and community engagement in safeguarding your digital frontier.
BIO – Martin James Phillips
Martin has worked most of his career for the City of Edmonton; starting in engineering, then budgeting, applications and finishing up with more than a decade in cyber security – a field he still works in, but in the private sector now.  Martin is married to Sharmaine, has two sons (Mike and Devon), two stepdaughters ( Cassandra and Hunter) and one granddaughter (Jada).  Martin is a Mason and Shriner and in those rare moments of spare time enjoys everything from hunting, gold panning, snowshoeing, ice fishing and of course housework.
Wayfinders welcomes new member, Bluefin Co-operative Group! Bluefin Co-op Group brings to Wayfinders a dynamic father and son duo, Prof Mohamed Mai and his son, Abukar Maie, with plenty of co-operative knowledge and experience.
Prof. Maie has working experience in Canada, USA, Ethiopia, Namibia, Djibouti, Kenya and Somalia. Prof. Maie was recipient of 2011 National Philanthropy Award (20/10/ 2011) in Canada.
Prof.Maie has a strong intuitive sense of care that allows him to attune to others and build a high degree of trust with coaching clients. He is a member of Leadership Council of Edmonton Vibrant Communities, Ex-Vice Chair Alberta Council for Global Corporation (ACGC), Board Member of ABCEDNET Coop, Member of PSS committee CCEDNET, active member in many grassroots cooperative initiatives in Canada and Global.
Prof. Maie has two MBAs – Community Economic Development (CED) and Public Administration in Canada and Somalia, holds a BA’s Business Administration from Somali National University and Diploma’s in Health Care Administrative from Career Canada College (now CDI). He is the author and co-author of many reports and articles in Poverty and immigrant community in Canada, Community Economic development papers and professional journals.
Abukar M. Maie, CEO/President, Blue Fin Co-operative Group
Experience
GF Urecon , Calmar — Production
Camel Boyz Cafe, Edmonton
Triple Crown Safety, Edmonton Asst. Manager
The Cash Store Financial Service, Edmonton — Manager
Toronto Domain Bank (TD Bank) Edmonton — Manager
Education
CDI College, ONTARIO— Banking and Financial May 2005 Diploma in Banking and Financial Services
Certificates:
Canadian Investment Funds Course (CIFC)
Mutual Funds , Foreign Exchange. Customer Service
Construction Safety Admin/Management
Principles of Health and Safety Management
Auditor Training Program
Skills
Management and leadership skills
Excellent interpersonal & communication skills
(written, verbal, presentation, facilitation) ∙
Ability to work with and build relationships with diverse groups at all levels of the organization
Highly experienced with data entry, record keeping
Bluefin Cooperative Group Ltd
Our vision in this services is to lead seafood brand in  Somalia/East Africa, while to meet the demand of our customers (local,  regional or International) for a brand of high quality fish and seafood  products. Bluefin Seafood can deliver a monthly service with up to a quota of 50 tonne per month. We are dedicated to bringing you quality products, sourced  responsibly. Our quality assurance team ensures you get the highest  quality seafood products available. Bluefin Seafood is a fresh seafood company with our own fleet in  Somalia East Africa, we can deliver worldwide through our airfreight  partners and deliver within 24 hours. If the fresh fish you’re looking for is not on this list below, give  us a call. Chances are, we can get it for you from one of our many  sources.
Atadew Technologies is a forward-thinking startup dedicated to driving Digital Transformation for businesses of all sizes, from small enterprises to large corporations. At the core of our mission is automation, which we believe is key to overcoming the challenges faced by businesses every day. By automating traditional software, digital marketing, and application development processes, we help our clients streamline operations, increase efficiency, and achieve their goals more effectively.
Our services are divided into two main categories: Digital Marketing and Technology Solutions.
In Digital Marketing, we specialize in creating impactful websites, executing targeted digital advertising campaigns, and enhancing online visibility through search engine optimization (SEO). Our goal is to help businesses establish a strong online presence, attract more customers, and grow their brand.
In Technology Solutions, we focus on providing affordable and meaningful AI-based solutions tailored for small and medium-sized enterprises. Our offerings include cutting-edge AI applications that drive business innovation and efficiency. Additionally, we provide comprehensive solutions in DevOps, DevSecOps, API Management, and Application Modernization. Atadew Technologies is committed to delivering technology that not only meets but exceeds the evolving needs of our clients, ensuring they stay ahead in a competitive market.
About myself:
I am Sriram Mandiramoorthy, a seasoned professional with over 18 years of experience in Software Design and Development. Throughout my career, I’ve had the privilege of working with some of the industry’s leading companies, including Microsoft, Nokia, and ServiceNow. This extensive background has equipped me with a robust technological foundation and a deep understanding of the software landscape.
Recently, I have expanded my expertise to include AI solutions, a dynamic and transformative area that I am passionate about. I collaborate with a diverse range of clients to deliver AI-driven innovations that address their unique challenges and enhance their business operations.
My experience spans working with various enterprises to develop and implement complex applications, ensuring they meet high standards of performance and reliability. As a technology enthusiast, I am constantly exploring new advancements and integrating them into my work to stay at the forefront of industry trends.
Join us for a casual and open Small Business Networking Lunch, hosted jointly by Wayfinders and the Business Referral Club, in the heart of Edmonton. This event offers a unique opportunity for small business owners and entrepreneurs in the area to connect, collaborate, and forge meaningful relationships within the local business community.
Date: First and Third Thursdays each month (except July and August) Time: 11:30 Lunch; 12:00 PM Introductions and Referrals Location: Chateau Nova on Kingsway Ave, Edmonton
At Wayfinders, we understand the importance of fostering connections and building a strong network of support for small businesses. That’s why we’re excited to partner with the Business Referral Club to create a welcoming space where entrepreneurs can come together to share ideas, resources, and experiences over a delicious lunch.
Why Attend:
Expand Your Network: Connect with fellow entrepreneurs, business owners, and professionals from various industries. Expand your network and discover new opportunities for collaboration and growth.
Discover What’s Happening: Stay informed about the latest trends, developments, and opportunities in the local business community. Learn from the experiences of others and gain valuable insights to help you navigate the ever-changing business landscape.
Build Lasting Relationships: Building a successful business isn’t just about transactions; it’s about cultivating lasting relationships. Come regularly to our Networking Lunches to nurture these relationships and unlock the full potential of your business.
Admission: No charge admission – just join us for lunch and good conversation!
Whether you’re a seasoned entrepreneur or just starting out on your business journey, we invite you to join us for this special networking event. Together, we’re building more than just a network – we’re creating a community of trust, support, and collaboration that empowers small businesses to thrive.
Unlock the full potential of your business and join us for an afternoon of networking, camaraderie, and delicious food. We look forward to seeing you there!
At Wayfinders, we understand the power of connections in fostering a thriving business ecosystem. That’s why we’re excited to introduce our Business Networking Events, designed to bring together small business owners, non-profit organizations, co-operatives, and entrepreneurs in Alberta, Canada.
How It Works: Our Business Networking Events are dynamic gatherings aimed at facilitating meaningful connections and collaborations within our community. These events provide a platform for attendees to engage in interactive activities, share insights, and explore potential partnerships.
Who Is Invited: Our Business Networking Events are open to the public, welcoming individuals from diverse backgrounds and industries. Whether you’re a seasoned entrepreneur, a budding startup founder, or someone passionate about community development, you’ll find value in attending our events.
Building a Strong Community of Trust: At Wayfinders, we believe that trust forms the cornerstone of any successful business ecosystem. Through our Networking Events, we aim to cultivate a culture of trust and collaboration among participants. By fostering authentic connections and building relationships based on mutual respect, we lay the foundation for long-term success and growth within our community.
Why Attend: There are countless reasons why small business owners should attend our Business Networking Events:
Expand Your Network: Connect with like-minded individuals, potential clients, mentors, and partners who can support your business growth journey.
Gain Insights and Inspiration: Exchange ideas, best practices, and success stories with fellow entrepreneurs. Gain valuable insights and fresh perspectives to fuel innovation and creativity in your business.
Access Resources and Opportunities: Discover resources, funding opportunities, and support services available to small businesses and entrepreneurs. Explore potential collaborations and partnerships to take your business to the next level.
Door Prize Draw: Participate in our exciting door prize draw for a chance to win exclusive prizes and incentives. It’s our way of adding a fun and rewarding element to the networking experience.
Speed Networking: Engage in speed networking sessions designed to maximize your networking potential in a short amount of time. Meet a variety of individuals and exchange contact information to follow up and continue the conversation beyond the event.
Join Us at Our Next Event: We invite you to join us at our upcoming Business Networking Event and experience the power of community firsthand. Connect, collaborate, and embark on a journey of growth and success together with Wayfinders.
At Wayfinders, we’re committed to empowering small businesses and fostering a supportive ecosystem where everyone can thrive. Together, let’s navigate the path to success and unlock new opportunities for growth and prosperity. See you at our next Networking Event!
Many young people need a quick start to figure our a basic viable business model. Often new startups don’t need an extensive business plan since things will change considerable as you get going and learn the ropes. They need a single sheet of paper that captures the essential points of the business model. That is a business model canvas. A hackathon is a short competition, usually among teams and usually conducted in a short period such as a weekend. They have been used to promote technology development such as robots, or software app development. Credentialed judges examine the outcomes and award prizes to winners. Business model canvas hackathons have been conducted successfully in various cities across North America.
The Program
One weekend event from Friday evening to Sunday afternoon
An instructor or panel share best practices in business model canvas production
Targeting young aspiring entrepreneurs from 16 yrs to 35
Participants from teams of three to six members with different strengths
Different clategories, such as students and non-students, technology and conventional business models
Teams compete for the best business model canvas
Teams compete in seven minute pitch sessions before a panel of judges
Winning teams are warded prize money or values business services
Participants are coached and mentored
Requirements
Event planning
Event Marketing and promotion
Event space furnished with tables and chairs, podium or lectern
Many young people work their way through the ranks of junior athletics programs such as hockey, football and basketball with the hopes of one day being a professional athlete. Unfortunately, only a small portion of them are able to enter the professional leagues. However, the junior programs are an extremely valuable learning experience for anyone. Participants learn self-discipline, work ethic, team work, leadership, game strategy, skill development – all of which are transferable skills!
For some of those well-trained athletes who are not able to join the major leagues, there are other options. They can apply themselves to some advanced academic or professional education or a trade. Some of these x-athletes are prime candidates for entrepreneurship.
Wayfinders is exploring the idea of running a business management training program for x-athletes.
The Program
X-Athlete would run approximately 6 to ten weeks of in-class training, accompanied by mentoring, guest speakers and personalized coaching, followed by one hour coaching sessions for several weeks. Participants would be required to conduct appropriate research and produce a business plan.
The program would include training is all the core subjects of business management:
Entrepreneurship
Strategic planning
Business planning
Product design and development
Marketing, promotion and sales
Accounting
Finance
Human resources
Requirements
Sponsorship will be needed to finance initial planning, development and promotion
Classroom space
Registration fees of some affordable amount, e.g., $500
Minimum of 10 and maximum of 25 participants
Qualified business instructor
Qualified guest speakers specialized in various ares of business (e.g., accountant, lawyer, sales professional)
