Entrepreneurship in Small and Medium Business Key

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Business News

Entrepreneurship Developing a Strong Business

THUNDER BAY – Small and medium sized businesses might not garner the same media attention in the national press as massive companies. However small and medium sized enterprises or SME are the real backbone of the Canadian economy.

Building a small company up to a medium company, or taking your medium company larger presents challenges for all businesses. Depending on the goals and vision of the business owner, or owners, those tasks can be challenging.

There are going to be a lot of challenges. The Business Development Bank of Canada offers innovative and well thought out solutions. Bringing things together into a Growth Plan is one of the BDC suggestions.

It is one thing to decide “Our company is going to be #1”, but that would be just words. It takes deeds, hard work, creative and innovative thinking, and vision to match the enthusiasm of entrepreneurship.

In Thunder Bay, there are a growing number of small businesses opening. These small operations can range from one employee, the owner, to a dozen workers. These companies are often innovative and offering new ideas and products, often digital products to the marketplace.

Get Online and Stay Online

NetNewsLedger.com for example is an online news and information company. Our entire product delivery is digital news. Our company depends of fast and solid Internet hosting and support. If NewNewsLedger goes ‘down online’, then the company isn’t open.

World Class Hosting in Thunder Bay

How important is choosing a solid source for hosting? Last night, at 9:50PM, there was a small issue on the NetNewsLedger web site. At 9:52 a Sencia.ca rep contacted us, to say they were on it. Our team had not had the time to even notice the site was down. At 9:57 the site was back up. That is the kind of service that every company needs.

Having world class fast hosting, and support is important to NNL. If that is important to you and your company, our suggestion is calling Sencia – World Class Hosting right here in Thunder Bay.

Does it cost more? No! What is more important however is the realization that if your Internet site isn’t up, then your company is in effect closed for business.

Handle the Traffic?

KISS story on NNL generated massive traffic
KISS story on NNL generated massive traffic

This week, two major news pieces on NetNewsLedger generated significant traffic. Our coverage of the iconic rock and roll legends KISS being finally inducted into the Rock and Roll Hall of Fame was shared on the KISS Facebook page and on www.kissonline.com the official KISS website.

There were 7,805 shares of the article on Facebook along with 15,000 likes. Think of it in terms of audience reach, if each share on Facebook only reached 20 people, 156,000 people would have seen that link on their Facebook news feed. The KISS Facebook page has ten million members of the KISS Army onboard.

Having your website capable of staying up 24-7 is important.

That jumped traffic up massively. NetNewsLedger stayed up, and stayed fast.

Social Media Strategy

Does your company have a solid Social Media strategy? In Thunder Bay alone there are over 70,000 accounts on Facebook alone. Social media isn’t a fad for the kids. In fact in Thunder Bay increasingly social media has become, on Facebook, a place for more adults than teens.

Developing a Social Media Strategy is increasingly important for the long-term success of your business.

Make 2014 the Year to Grow your SME With BDC

BDCThe Business Development Bank of Canada is passionate about one thing: entrepreneurs. Helping them is our raison d’être. BDC listens and knows how to meet their needs. We have business relationships with 29,000 entrepreneurs across Canada. We understand the challenges they face every day, and we use our human and financial capital to provide the means to reach their aspirations. At BDC, we do everything to help entrepreneurs grow their business. BDC offers financingventure capital and consulting services. BDC focuses on small and medium-sized enterprises (SMEs).

BDC services are available across Canada in both official languages through a network of more than 100 business centres. Its head office is in Montreal. Learn more about the advantages BDC offers.

In Thunder Bay: 
1136 Alloy Drive
Suite 102
Thunder Bay, Ontario
P7B 6M9

Phone: 807 346-1795
Fax: 807 346-1790

Business hours: 9:00 am to 5:00 pm  Monday to Friday