Small Business Week

SmallBizWeek

Last week was a great opportunity for any business owner, small or large, to develop and grow as a leader and a person. Small Business Week is an annual event which occurs across Canada that has a number of workshops, seminars, mixers, and luncheons which are focussed towards the development of small business.

Small business represents 95% of businesses in Alberta. Those businesses are responsible for 25% of economic activity and 35% of employment within the province[1].

Even with these impressive numbers, I have heard some business ‘leaders’ state that the economy can survive without small business because medium and big companies would be able to fulfill the demand.  With a look of bewilderment, I asked “Where do you think medium and large business came from?”

SmallBusinessBrand

We constantly hear about success stories, but rarely the back story. In 1962, a local store was opened in Rogers, Arkansas[1]. In 1954, a salesmen went to get a burger at a local burger joint San Bernardino, California[2].

Both of these businesses started out with a single location, a vision for the future, and solved a problem for their target market. Now, that local store in Rogers, Arkansas is the largest retailer in the world and is commonly known as ‘Walmart’. The visit to the burger joint got Ray Kroc thinking. With his idea, he was able to develop, by location, the largest fast food chain of McDonalds.

The next Walmart or McDonalds may have been conceived this week, but we will not know until 5 or up to 50 years from now.

Small business week is a great opportunity to network and add some skills to your tool kit, but what about the other 51 weeks of the year? During the rest of the year, continue to nurture the relationships that have been conceived this week. Go to other seminars or workshops to continue to develop your skills. Small business week is a great opportunity to build that foundation, but you can’t have a house without walls and a roof.

What events did you attend during Small Business Week? What was your biggest take away? I would love to hear.

Have an awesome week.

Kevin

Kevin MacDonald is a Business Consultant at L6S Business Consulting Inc (www.L6SBC.ca). L6S offers services in management consulting, Controller and CFO contracting, and lean management with either project work or teaching/mentoring of staff. Kevin has his CMA accounting designation along with a Black Belt in Lean Six Sigma.

Kevin is active in the community by volunteering for different groups and donates platelets at the Canadian Blood Services clinic on a bi-weekly basis.

[1] http://albertacanada.com/files/albertacanada/SP_EH-SmallBusProfile.pdf, page 2.

[2] http://corporate.walmart.com/our-story/history/

[3] http://www.mcdonalds.com/us/en/our_story/our_history/the_ray_kroc_story.html

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