Ever wonder how some businesses seem to always be on the cutting edge? It is not really that much of a surprise. It usually is a combination of networking and observation.
Networking will connect you with the information in the community. Who’s who, and who is doing what and when. Observation is a bit more hidden but can offer a great deal of information.
On Vancouver Island, the Business Examiner not only has articles about successful existing businesses, but also new ventures coming to the island. It also has contacts for those businesses as well as a focus on people who are moving jobs or newly appointed.
In addition, having a connection to your local Chamber of Commerce is vital to keep current on what is happening in your community. This provides an opportunity to connect with the business community through the various events provided for the members.
Another source of information is the Major Projects Inventory. This quarterly report is produced by the BC Government and can be found on their website and doing a search for ‘Major Projects Inventory’. It contains information by region and community on proposed and ongoing projects in the province over $15 million, except in the lower mainland where it is $20 million. By researching the projects, one can determine if there might be opportunities to be a supplier or if it might create new business ideas in your community.
Some folk watch the building permits in their communities to see what is coming and how that might affect their business. It is an indicator of where the growth is taking place and whether it is commercial or residential.
Others attend the Vancouver Island Economic Alliance Economic Summit held each year in October. This gives an overview of the economy and economic trends on Vancouver Island and the best opportunity to network with the movers and shakers from all levels of government, First Nations, large and small business. There are keynotes, workshops, and seminars on current topics affecting Vancouver Island.
Opportunity doesn’t always knock, sometimes you have to create the door!
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