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Writer's pictureChris Herbert

Mi6 Round Up: November 2024

Updated: 4 days ago


At Mi6, we curate these round ups to deliver essential, actionable insights that matter to entrepreneurs and marketing professionals like you. We sift through the noise to bring you the strategies, trends, and innovations that can genuinely move the needle for your business.


Updated Nov 26

U.S.-Canada Trade Risks Amid Tariff Proposals

Trump's proposed 25% tariffs on Canadian imports could disrupt the integrated U.S.-Canada trade ecosystem, which heavily relies on shared supply chains. Sectors like energy, autos, and manufacturing face potential recessionary impacts in Canada and inflationary pressures in the U.S. Trade uncertainty may stall investments on both sides. Experts advise preparing diplomatic strategies targeting U.S. interests while emphasizing mutual economic benefits to mitigate fallout. | Read more.

 

Top RSS Reader Apps for Efficient Content Management

RSS readers offer a streamlined way to follow blogs, news, and updates without algorithm interference. Zapier highlights the top apps for 2025: Feedly for general use, NewsBlur for filtering feeds, and Inoreader for search and archiving. Each excels in providing user-friendly tools to centralize and customize content consumption. Ideal for professionals needing organized access to reliable sources. RSS remains crucial in bypassing chaotic social media platforms for direct information access. | Read more.

 

PowerPlay: Inspiring Youth Entrepreneurship Across Canada

PowerPlay, a Surrey-based nonprofit, nurtures entrepreneurial skills in kids through real-world learning. Founded by Bill Roche, it enables grades 4-8 students to create and market products, while incorporating lessons in sustainability and charity. Supported by SFU’s Charles Chang Institute, PowerPlay reaches 400 schools, emphasizing practical business skills and cultural adaptability. Partnerships with corporate and governmental entities further amplify its national impact. Entrepreneurs and educators can explore this model for fostering early business acumen. | Read more.

 

Strategic Social Media Tips for Small Business Success

Viral campaigns, like Somedays’ period pain simulator, showcase the power of targeted social media strategies. Experts suggest focusing on platforms aligned with your demographic, leveraging trial-and-error with content types (e.g., Instagram Reels, Pinterest), and fostering authentic engagement. Prioritize community interaction and consider ads over influencers for cost-effective results. Strategic posting during niche events and using professional agencies for creative or management support can also maximize impact. | Read more.

 

How AI Empowers Gen Z Entrepreneurs

AI tools are enabling Gen Z to transform side hustles into thriving businesses. Samsung’s AI ecosystem, including the Galaxy Book5 Pro 360, simplifies tasks like research and content creation, overcoming challenges like time constraints and skill gaps. With 96% of young entrepreneurs relying on AI for inspiration and efficiency, these tools play a key role in scaling operations. Brands can leverage AI to connect with this digitally native audience. | Read more.

 

Québec Startup Program Suspensions Impact Innovation

Québec's government halted key startup programs—Impulsion PME, DÉPART, and Biomed Propulsion—due to overwhelming demand and budget constraints. These initiatives supported startups in critical sectors like biomedical innovation and regional development. The suspension risks hindering early-stage businesses transitioning from ideation to commercialization, potentially affecting Québec’s global innovation footprint. Uncertainty surrounds future program reinstatement, raising concerns for entrepreneurs dependent on government funding. | Read more.

 

BDC Introduces Community Banking to Strengthen Canadian Small Businesses

The Business Development Bank of Canada (BDC) launched a Community Banking initiative to increase active small businesses by 10% within five years. Targeting underserved entrepreneurs, the program offers tailored financing and support to boost inclusivity and economic growth. BDC's effort underscores the importance of accessible resources for fostering innovation and expanding local economies, encouraging small business owners to explore these new opportunities. | Read more.

 

Global Entrepreneurship Week: Lessons from Waterloo’s Conrad School

The Conrad School's Global Entrepreneurship Week celebrated diversity and innovation. Highlights included workshops on women-led ventures, student projects like PatientCompanion and CoinWa, and insights from Julie Ellis on setting ambitious goals. The event showcased how entrepreneurial education fosters impactful ventures, from gamified apps to healthcare solutions. Emphasizing mentorship and inclusivity, it inspired attendees to explore bold possibilities and shape an innovative future. | Read more.

 

Prioritizing Rest: A Key to Small Business Success

The Globe and Mail highlights the critical role of rest in enhancing small business performance. Entrepreneurs often face burnout due to relentless work schedules, which can impair decision-making and creativity. Implementing structured rest periods, such as regular breaks and vacations, can boost productivity and innovation. Business owners are encouraged to view rest as a strategic investment in their venture's long-term success. | Read more.

 

Digital Presence Crucial for Engaging Gen Z and Millennials

A recent GoDaddy survey reveals that 80% of Gen Z and Millennial consumers research small businesses online before making a purchase. Key deterrents include lack of reviews (56%), absence of contact information (32.5%), and incomplete websites (31.5%). To attract these demographics, businesses should maintain updated websites, active social media profiles, and transparent contact details. Prioritizing online credibility can significantly enhance customer engagement and sales. | Read more.

 

McMaster Seed Fund Boosts Health Innovations

McMaster's Seed Fund invested $750,000 in health startups BiCova Therapeutics and PROVA Innovations. BiCova received $500,000 to advance its cancer and immunological disease therapies, while PROVA secured $250,000 for its smart insoles, aiding gait rehabilitation. These ventures highlight early-stage funding's role in driving impactful innovations, with clinical trials and commercialization plans underway. Entrepreneurs are encouraged to leverage similar funding to bridge research and market deployment gaps. | Read more.

 

Lessons from Boardball’s Founder for Aspiring Entrepreneurs

Amanda Nguyen, creator of Boardball, transformed her passion for volleyball into a portable game innovation. After raising $100,000 on Dragon’s Den, Nguyen credited early feedback and community engagement for her success. She advises entrepreneurs to share ideas openly, seek feedback, and commit through initiatives like Kickstarter. Her experience underscores the importance of marketing, adaptability, and leveraging university networks to refine business strategies. | Read more.

 

Entrepreneurs Anticipate Easing Funding Bottlenecks in 2025

At the Slush startup event in Finland, tech entrepreneurs and investors expressed cautious optimism about funding conditions improving in 2025. Despite a three-year slowdown, AI investments remained robust, with nearly $40 billion globally in 2023. However, economic uncertainties and high interest rates continue to pose challenges. The event highlighted the need for strategic planning and adaptability in navigating the evolving funding landscape. | Read more.

 

AI's Expanding Influence: From IT to Marketing and HR

Generative AI adoption surged across industries, with weekly usage by decision-makers climbing from 37% in 2023 to 72% in 2024. Key applications include document creation (64%) and data analytics (62%). Adoption in HR, marketing, and finance highlights AI's growing versatility. Experts note AI increasingly enhances skills, despite job impact concerns. Businesses are prioritizing practical AI implementation, signaling early-stage opportunities for experimentation and optimization. | Read more.

 

How to Find Product/Market Fit - 3 Rings Framework

The article How to Find Product/Market Fit – 3 Rings Framework outlines three stages for startups to achieve growth: the Founder Ring (designing a viable business model), the Customer Ring (validating solutions through paying customers), and the Market Ring (scaling through growth strategies). Founders should focus on systematic progress, prioritizing critical actions at each stage rather than rushing. This structured approach minimizes risk and enhances predictability in achieving product/market fit. Read more.

 

Federation of Quebec Chambers of Commerce anxious ahead of U.S. election

The Federation of Quebec Chambers of Commerce (FCCQ) expresses concern over potential impacts of the U.S. election on Canada-U.S. trade. Issues like protectionism, tariffs, and the renewal of the Canada-U.S.-Mexico Agreement are key worries, with a potential 10% tariff threatening $7 billion in Canada’s GDP and 20,000 jobs. Experts highlight the importance of free trade and urge efforts to reduce Canada’s dependence on the U.S. market. Read more.

 

Supporting the Next Generation of Entrepreneurs

Georgi Ignatov, a UVic MBA alumnus, founded a successful supplement company before launching philanthropic initiatives. He established a foundation supporting education in Bulgaria and created the Georgi Ignatov MBA in Sustainable Innovation Scholarship to aid international students interested in entrepreneurship and environmental studies. Drawing from his UVic experience, Ignatov focuses on empowering youth to overcome self-doubt, pursue business ventures, and foster economic growth in Canada and Bulgaria. Read more.

 

Jade Choy on navigating Silicon Valley and how to be a CEO

In Founder Spotlight: Jade Choy on Navigating Silicon Valley and How to Be a CEO, Jade Choy emphasizes the traits of a successful entrepreneur: prioritization, seeking consistent feedback, and continuously adapting leadership skills. She highlights aligning business culture with core values and hiring passionate, customer-focused team members. Tackling challenges with flexibility and maintaining a learning mindset are key to thriving in dynamic industries. Read more.

 

Federal government announces $11M for three organizations to help them scale up

Article highlights Canada’s $11 million investment to help three organizations scale up their operations, fostering economic growth and innovation. This funding, announced by the federal government, aims to enhance these organizations' capabilities in supporting businesses, advancing sustainable practices, and driving technological advancements. The initiative is part of broader efforts to bolster the manufacturing sector and maintain its competitiveness. For more details, visit the original source: Canadian Manufacturing.

 

Chrystia Freeland says carbon rebate for small businesses will be tax-free

The article discusses Chrystia Freeland’s announcement that Canada’s carbon rebate for small businesses will be tax-free, offering financial relief and encouraging sustainable practices. This rebate is part of the government’s ongoing climate action plan to support businesses while addressing environmental concerns. It aims to offset carbon pricing costs, helping small businesses invest in greener operations. For further details, visit the original source: Portage Online.

 

Minister Valdez Announces $2 Million to Support Hundreds of Women Entrepreneurs Across Canada in Strengthening Their Business Skills

Highlights a federal initiative to enhance women’s entrepreneurship. Delivered through Coralus, the program provides training for 375+ women on fundraising, e-commerce, and capital access. It also supports Indigenous, rural, and 2SLGBTQI+ entrepreneurs through tailored coaching and networking events, complementing Canada’s Women Entrepreneurship Strategy to foster inclusive economic growth. Read more.

 

Dos and Don’ts of Farm Direct Marketing

The article outlines key strategies for farmers selling directly to consumers. Actionable tips include building a strong brand, understanding legal requirements, engaging customers through social media, and collaborating with local businesses. Avoid pitfalls like ignoring your target market, under investing in marketing, or neglecting packaging design. Offering samples and maintaining consistent demand generation can also strengthen customer trust and loyalty. Read more.

 

How to Evaluate an Idea Whose Time Has Come

The article How to Evaluate an Idea Whose Time Has Come from LEAN 1-2-3 Newsletter emphasizes timing as a crucial success factor for startups. Ash Maurya emphasizes timing as a crucial success factor for startups. He outlines how impactful ideas emerge from inflections, insights, and experienced problems. Founders should trace their idea’s origin, verify missing elements, and test ideas with potential customers. The guide provides practical tactics for ensuring an idea is ready for market entry. Read more.

 

Canada Providing $10 Million in Funding to Support Young Entrepreneurs in Egypt’s Agribusiness Sector 

Canada is investing $10 million over six years to support young entrepreneurs in Egypt's agribusiness sector. This initiative, involving Colleges and Institutes Canada and local Egyptian partners, will establish a learning hub to provide over 20,000 students with technical training, internships, and career counseling. The program emphasizes climate-smart agricultural practices, boosting employment and fostering sustainable growth in regions like Beheira and Gharbia. This move aligns with Canada’s broader commitment to global youth empowerment and sustainable development. ​Read more.

 

Women entrepreneurs driving business in downtown Port Perry, Ontario

Women entrepreneurs are revitalizing downtown Port Perry, with over half of the businesses in this Ontario town owned by women. Leaders like Sharon Runnals, co-owner of Branching Out Florists, emphasize mentorship and resilience, while Christy Stone-Curry of Piano Inn and Café leverages local heritage and film tourism. From Mrs. Fields' Jennifer Noble to Dana’s Goldsmithing, these entrepreneurs are creating unique shopping experiences that attract tourists and foster community bonds, demonstrating the lasting economic and cultural impact of female-led businesses. Read more.

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