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28
Challenges Faced By Fresh Entrepreneurs While Growing Up Their Business’
30
Benefits Of Effective Supply Chain Management In The Retail Industry
05
M-FOODZ
32
An App A Day, Keeps The Doctor’s Away
07
One Man Can Make A Difference,
35
Redefining the role of the leader
09
There Is No Short Cut To Hard Work
40
Consumer Research & Its Importance
12
Major Political Parties Proposals and Impact...
42
How Coronavirus Measures
15
Delivery Apps Raising Rates
44
Global Incentive Summit,
18
The Importance Of Talent In
20
Event Calendar
CONTENTS LAUNCHING OF M-FOODZ...
But Team Can Make Miracles Part 2
Indoor dining allows tech firms to...
The Best Apps To Keep You Fit
in the reskilling era
For Fresh Businesses
Are Affecting Pnp Applications In Year 2021
Banff Canada
Accomplishing The Success Agendas
October 2021
22
48
The Benefits Of Encouraging Employee Empowerment
Interview With Amit Puri (CPA & CA from ICAO)
52
Waste Management & Sustainability In Canadian Cities’
EDITOR'S LETTER Dear Readers, Our October issue is here with our 70th edition of the MBE Business Magazine. In October, Canada's weather is cool yet comfortable, which means most outdoor activities can be enjoyed without having to bundle up in winter gear. The country is massive and the exact conditions vary based on what region you're visiting, but all in all, you can expect pleasant autumn days, brisk nights, and some precipitation. For the first time in history Canada has observed National Day for Truth and Reconciliation. The day honors the lost Indigenous children and Survivors of residential schools, their families and communities. This edition of the MBE Business Magazine covers an important Article on the launch of M-foodz & the role of the Mbe group by Mr. Mansoor Naqvi; An insightful piece on “one man can make a difference”, but “team can make miracles” by Mr. Mahmood Naqvi; There is no short cut to hard work by Mr. Alamdar. Also in this issue we have an interview with Mr. Amit Puri, who is a Certified Chartered Accountant of MBE Group covering the Current mortgage situation in Canada and the effects of the Covid-19 pandemic on mortgages now and in the future. We hope you will find this issue just as interesting and informative as always. Our team has worked tirelessly to bring this issue to you through our digital and social media platforms. Your feedback is highly valuable to us. If you have suggestions or comments please don’t hesitate to call us at 1-866-667-1377 or email us at info@mbeforyou.com to share with us what you think about this issue. For Ad placements and marketing related queries, please email us at digitalmedia@mbeforyou.com Thank you, Aurora Zabala, Editor In Chief.
Publisher MB Enterprises Editor-in-chief Aurora Zabala Senior Editor Peter Z. Vaisey Managing Editors Steve Montgomery Mahmood Naqvi Design Cynthia Tolson A. Khan Production, Technology & Print Simon Wilson R.J Advertising S. Hassan Shoeib Kamal Administration Alamdar Hussein Erum Asghar R. Adil HOW TO REACH US Website: www.mbeforyou.com Feed-back: 1-866-667-1377 E-mail: info@mbeforyou.com Mail: 100 Dynamic Drive, Unit 104, Scarborough, ON, M1V 5C4. Fax: 1-866-204-6888 MBE Business Magazine is a monthly issue business magazine published by MBE. Inc. Ontario, Canada. Printed by Vision Printers Contents © Copyrights 2017 by MBE, may not be reprinted without written permission. Subscribe / Unsubscribe or Advertise by emailing us at mbe-marketing@mbeforyou.com
M-FOODZ
LAUNCHING OF M-FOODZ & ROLE OF THE MBE GROUP’
Syed mANSOOR Naqvi
PRESIDENT MBE We are proud to announce the big launch of M-Foodz after M-Rides and M-Packages launched successfully in the list of MBE’s 18 group of companies. Hence, it’s indeed a blessing from God while getting into a glimpse from the past. The days of Coffee Time where I had to work day and night for the success & for the future. All the success of M-Foodz like our other subsidiary businesses depends heavily on having a good reliable team, a team of professionals that listens, understands and delivers on every single agenda. Hence, finally creating values for future entrepreneurial successes and goals. It’s the link we have created from one business to another that is the key for success of MBE Group and its subsidiary businesses. Our moto is not only to serve, but serve with integrity, passion and honesty above all. In the food business we are highly aligned to deliver with key aspects that includes time management, customer service & ingredients of quality assurance & better deliverables. We are not the only one in the long list of food delivery businesses in Canada. However, we want to create a massive difference & stand out from the crowd through sheer excellence. Our improved standards means everything to us and we aim to make these standards uniform through our diversified 18 different businesses. It’s the work culture that is common and supportive and with a huge reliance on team work with effective results. We want to gain competitive advantage on the basis of service deliverables and excellence in customer support.
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MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
SUCCESS OF M-FOODZ RELIES UPON TEAM WORK:
group of companies with a single agenda, i.e. profitability and
The success of M-Foodz heavily relies upon team work, as I
sustenance. I believe that the success of M-Foodz not only
have stated earlier. We are launching M-Foodz after a long
links up with other businesses, but is also heavily dependent
pandemic period, but naturally we have encountered a
on how to adopt different and unique strategies that are
number of challenges and these have all been conquered
business dependent. The core is always the same, i.e.
with the help of excellent team work. All we need is a team
Profitability, reliability, sustainability, and customer support
that is supportive, having no communication gaps, and must
and excellence. With M-Foodz the key aspect or indicator of
listen to the key points from management being the key
success is ‘time management’ which is a common factor with
agendas of success. We don’t believe only in hard work, but
M-Rides as well. However, with M-Foodz, the reliance should
hard work with the help of smart work is an added advantage
be more associated with quality assurance and strict adher-
for our collaborative measures.
ence towards the norms of the industry.
The team must have an attitude that is positive and for the
Our technology team is highly committed for best deliverables
sake of the mutual goals of the firm. There should be a sense
everyday coming up with innovative solutions, especially in
of responsibility in every team member for the success
the mobile app for M-Foodz & M-Rides. We can’t in any way
M-Foodz must reach in a certain period. Let’s say, in two
ignore the factors and the timings involved with technology
years, where should M-Foodz be standing in terms of key
linked up with M-Foodz activities. Business handling is indeed
regions of business covered and how far M-Foodz is cultivat-
an art that comes with time for entrepreneurs. However, with
ing the revenues. The team must rely heavily on a synchro-
multiple businesses it can be nurtured for collaborative growth
nized business strategy that is good for the sustenance
and mutual success.
efforts for M-Foodz. Team management must act responsibly in regards to the allocation of duties and tasks to the members dedicated for M-Foodz. Apart from allocations, the follow-ups and the feedbacks should all be aligned in a proper way for gaining the sustainable advantage of M-Foodz.
HANDLING OF M-FOODZ WITH THE HELP OF OTHER BUSINESSES: The handling of M-Foodz is a bit dependent on the operations of other businesses. It’s indeed linked up like a chain in a
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MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
One Man Can Make A Difference, But Team Can Make Miracles - Part 2 SYED MAHMOOD NAQVI Vice President | MB Enterprises
The attitude that the pandemic has
As far as the team work is concerned,
team work can still make miracles
given to people after a series of long
the change in attitude have costed
while working remotely from home.
and short lockdowns has been
most companies. The MBE Group has
exemplary and characteristically
still been active with regards to
While coming back from the
unique. This is true with a global
activities and tasks accomplished
COVID-19 situation and lock-downs
perspective as well according to the
remotely while still working in a team
there are many transformations that
vision of the MBE Group of Compa-
environment. A positive change in
are happening every day. Some of the
nies. In connection with the focus of
attitude can make a huge difference,
most common ones are as follows;
various companies & group of
even if it’s one man, rather than the
companies, it has been a cause of
whole team acting together for shared
huge focus diversion that could have
goals. That’s the reason why one man
M-RIDES IS CAUSING EMPLOYMENT GENERATION:
proven to be costly. Why attitudes
can make a difference, because he
While coming back from COVID-19,
have changed? The answer is not that
can do wonders in terms of making an
one of the most positive things to
simple, however, while we realize the
example while turning back from a
happen for The MBE Group, is
impacts of the pandemic, it can be a
long period of lock downs. However, at
M-RIDES. The new subsidiary is a
bit simple to answer.
the same time it’s a huge fact that
source of higher employment opportu-
W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
07
nities which has been affected to a
change things slightly keeping in mind
Canada and parallel economies, e.g.
huge extent since the arrival of
the pandemic effect. COVID-19 has
United States, most economies have
COVID-19. It can also be termed as
been a radical cause of lowering down
been thrown back considerably in
‘an opportunity in disguise’. It is not
many shutters, but there are still
terms of job prospects and revenue
only a cause of a great change of
streams of positivity that act as a
generation. The importance of team
attitude, but also all the things that are
candle of hope. These includes Govt.
work is now more evident since it was
interlinked together like a chain.
loan programs by different names, but
from the Pre-Pandemic Era. The vital
one moto, to help people in the
difference is the change of era, and
In M-Rides as well, the same goes
recovery process. This includes
obviously bringing with it, a change in
with regards to team work and focus
CERB, Canadian Emergency
attitude.
after coming back from COVID-19. It
Response Benefit, WSP or Wage
has been not only been a cause of
Subsidy Program and many other
new employment opportunities, but a
similar programs that have been a
completely new attitude towards
huge catalyst in the recovery process.
TEAM WORK WITH NEW HIGHLIGHTS- ‘A SUBSTANIAL CHANGE IN STANCE’:
competition. This is in regards to
MBE Accounting has been working in
The team difference is much larger
competition in the already running
parallel with the Canadian Govt. while
than the ‘ONE Man Difference’ as we
businesses of commuting service
helping people find what recovery
have discussed earlier, is a universal
active in today's market.
program is best suited to their needs.
fact. Hence, this fact has been a
For the MBE Group, all the things that
cause of a substantial change in
Moving forward definitely needs a
are connected with the group which
stance. The importance of Team work
comprehensive strategy to compete
includes Accounting, POS, Real
with a new magnetic difference is the
keeping in mind the effects of the
Estate, Mortgage & other similar
real cause of the change post
pandemic. Being a cause of many
functions need a change of attitude.
pandemic era. This means bringing
variations in the business world,
Team work is not something to ignore
new dimensions to change manage-
irrespective of the seasonal variations.
in any circumstances. However, here it
ment in connection with all MBE
is a huge advantage as it has given
Group services and business
MOVING FORWARD WITH THE PANDEMIC EFFECT:
many positive things and dimensions
functions.
The world cannot come to a halt as
recovery.
we intend to move forward and
While we discuss the economy of
08
MBE BUSINESS MAGAZINE OCTOBER 2021
that can be termed as good for the
W W W. M B E F O RYOU. C O M
There Is No Short Cut To Hard Work SYED ALAMDAR HUSSAIN Country Head - MB Enterprises
As the famous saying goes, there is
However, that culture has been made
to stay north, if your compass says
no short cut to hard work is a univer-
after years and years of struggles and
north. Going south will definitely take
sal truth and an absolute fact. Hard
working hard in the right direction. A
you away from your goals and your
work has no short cut, neither can you
work culture or an organizational
destination will keep moving away
find a solution that is an alternative to
culture is something that binds people
from you. Have the right directions
hard work. Making false judgements
to work hard for bigger and better
and keep working for your goals to
regards to a particular task and
results. Similarly, a country culture
find success in life. For best results it
working less hard than is required can
reminds you every day that to reap the
needs to be smart work instead of
cause a failure. Similarly, the best way
fruits of your hard work, one has to
hard work which will bring you much
is not to judge how much you need to
work persistently on a daily basis. If
closer to your desired objectives.
work hard, but, put in your best efforts
you fail once to achieve, you will
at the right time.
definitely find the right click the very next day.
A CULTURE OF HARD WORK- ‘A KEY IN ORGANIZATIONS’:
FOCUS IS ALWAYS THE KEY APART FROM HARD WORK: Having a focus which is highly based
WORKING HARD IN THE RIGHT DIRECTION:
on your commitments to achieve your
For some countries, like Canada, there is a culture of hard work that is
It’s like using a compass to find the
Focus makes you strong in terms of
important for the survival of the fittest.
right direction, because you would like
your goals and you can never lose
W W W. M B E F O RYOU. C O M
mission or your goals is always a key.
MBE BUSINESS MAGAZINE OCTOBER 2021
09
your directions. This is just like planning a journey. Your focus
NO PAIN NO GAIN:
should be on reaching your destination. If you lose your focus,
Taking absolutely no pains, will simply end up giving you
either you will divert from your plan, or your journey might get
nothing. This means no fruits for your hard work just because
cancelled. In both cases you shall be diverting from your
you have not taken the pains to achieve your objectives. You
objectives and your mission will stay un-accomplished. It’s not
have felt the relaxation more than just focusing on staying
only about survival of the fittest, it’s about the survival of the
worried before you get to your goals. Your commitments
focus that needs to stay active till the very end.
haven’t been par the excellence & the level of commitments
CONSISTENCY IN HARD WORK IS THE RIGHT CLICK:
that they should have been.
Having a consistent approach towards hard work always
On the other hand while you take pains to get to somewhere,
turns out to be the right click. It sums it up for you, as your
you would feel relaxed after achieving your goals. These are
success lies in consistency. Furthermore, your sustainability
objectives that you have been looking for since you made a
for a healthy living & a good life style also needs the pure
plan to accomplish them. Stick to your mission and keep
ingredients of consistency in hard work. The right click is
taking the pains, i.e. hard work so that you achieve your
finding the formula for hard work with consistency and finding
objectives.
the best breakdown to figure out your goals. As an example, if you are looking to earn a degree, you need to fulfill the eligibility criteria before entering into a college or a university.
AN ATTITUDE THAT DEMANDS PURE COMMITMENT: Attitude that demands pure commitment are the attitudes of the hardest working. These are people who are fully aware of the level of hard work they need, showing how much of a return they shall gain at the end of the day. It’s not about a day or a week or a month, it’s about every day, rising to fulfill your dreams and finally working hard for the sake of achieving them.
10
MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
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Major Political Parties Proposals and Impact on the Real Estate Market Analysis SYED HASSAN
Royal Le-Page, Royal Brokers
During elections and election campaigns, all major parties
• Relief in Mortgage Amortization and renewal periods for
came up with a number of proposals and suggestions to
first time buyers.
control and manage the Real Estate Market.
• Defer in capital gain taxes for developers if they invest in rental properties.
We can clearly see that there is an issue with the Real
• Increasing Capital gains on investment properties.
Estate Market, Prices, Inventory, Mortgages and approvals.
• Giving Tax credits to first time buyers up to $45,000 on
One basic conclusion is that we are not in a bubble market
savings.
and we do not nor are we not foreseeing any correction or problem in the real estate market at the present time. So
All of the above are good proposals and will make the Real
Real Estate investors, home owners, builders and developers
Estate market healthier.
should be happy. - Canadians should have the first right to buy and invest in We do have a serious issue of inventory of houses and
this excellent Canadian real estate market. We should be
condos, material shortages, soaring construction prices, low
able to benefit from this roaring market. Ban on Foreign
interest rates and investment from foreign investors.
investment will be a good first step. This way we will keep all
Canada is an immigrant country and one of the best places
profits within our country.
to live in the world. - Keeping houses vacant and not renting is creating a Let’s see some of the proposals brought forth by the major
shortage in inventory and raising rental prices. Already
political parties and let’s analyze them.
Vancouver and Toronto are applying the first two proposal tools to control and bring more inventory in the market.
Proposals: • Ban on Foreign investment in housing for 2 years.
- To put a stop on flipping of houses for 1 year: Obviously this
• Taxing vacant foreign owner’s houses.
will come with logic. It will save everyone on paying back the
• No flipping of houses for 1 year.
HST rebate and will bring more ROI (Return on Investment).
• No blind bidding.
This will also stop speculation and many people will be
• Building new affordable homes, up to 1.4 million in next four
prevented from financial losses.
years. • New Transit to create new neighborhoods.
- Blind bidding is a headache for Real Estate professionals.
• Providing 15% Federal land or buildings for Housing.
In the end, it can benefit the seller with higher selling prices
12
MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
or avoiding paying a commission to the agent. The real issue
rental housing will also bring relief to the common man.
is inventory. In the last 15 years of my experience in Real Estate, as long as we have inventory there is no bidding
All of the above proposals are helpful and will bring stability
crisis.
to the Real Estate Market in Canada.
- Building new affordable houses is one of the best solutions,
We should not forget that Canada is blessed with all types of
as more inventory will be available and that will stabilize the
resources. We are a member of the G7 countries. We invite
shortage.
Immigrants from all over the world and we are peace loving nation.
- Expansion and building new Transit will help to bring new ventures for builders and developers which will create and
Obviously, this will result in more demand of housing.
expand more real estate options.
We should be happy about it and celebrate this fact
- Providing more Federal land and buildings for residential real estate will help in providing more inventory. This is the basic problem.
Author: Syed Hassan, Broker, Royal Lepage Exceptional Professional and Educational Background
- Providing new benefits to first time home buyers is one of
B.Sc. Electrical Engineer, Real Estate Broker, Financial
the best proposals, as this particular group is finding it
Advisor, IQCS Certified Lead Auditor & Consultant for ISO
difficult to get into the Real Estate Market: Proposals like
Management and Environmental Standards, Certified Total
long amortization periods, more Tax free savings directed
Quality Manager.
towards purchases of homes, tax credits towards closing costs and giving them preference in all Government provided
Professional Experience and Affiliations
inventory can also be really helpful.
MB Group of companies, Royal Le-Page Exceptional, Royal Brokers, American Express Bank of Canada, Budget Rent a
- Providing tax deferrals to builders and developers to build
W W W. M B E F O RYOU. C O M
Car, Moody’s, SGS, PIQC.
MBE BUSINESS MAGAZINE OCTOBER 2021
13
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DELIVERY APPS RAISING RATES JOSH RUBIN Indoor dining allows tech firms to take a bigger bite out of restaurant revenue
Uber Eats, Door Dash and Skip the
capacity and they think it’s back to
Dishes had all seen their commis-
normal?” said Caputo, who pointed
sions and fees capped by provincial
out that most restaurants have single
When Frank Caputo went to check
legislation passed in November. The
digit profit margins at best of times.
his restaurant’s bank account, it was
supporting Local Restaurants Act
Spokespeople for the app companies
a few hundred dollars short of where
capped the delivery services take at
insist they care about restaurants’
he thought it would be.
20% until restaurants were legally
fates. They say boosting the commis-
permitted to offer indoor dining.
sions to previous levels is fair, now that restaurants can start welcoming
After taking a closer look, he realized the issue: His deposit from Uber Eats
When Ontario entered Step 3 of its
people into their dining rooms again.
was lower than expected. The
reopening plan last month, indoor
“Local restaurants are the heart and
reason? The food delivery app has
dining – with capacity limits – was
soul of our neighbourhoods, and their
bumped its commission back up to
allowed again. The delivery apps
continued success is our success. It’s
30% after it had been capped 20%
promptly raised their commissions,
been a priority for us over the past
for months.
leaving Caputo and other restaurants
year to support them during these
frustrated and surprised.
challenging times. As indoor dining has reopened across the province,
“There was no notice at “said Caputo, whose Vaughan restaurant Hank
“They should give us a month at full
we are excited to see our restaurant
Daddy’s Barbeque has been counting
capacity before they start ramping it
partners return to dine in as a main
on delivery and takeout orders to get
up again. After the 18 months we’ve
revenue channel,” said a spokesper-
through the COVID-19 pandemic.
been through, a few days with limited
son for Uber Canada.
W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
15
still struggling to get back on their feet after some of the DoorDash has always supported restaurants, which is why
lengthiest COVID-related lockdowns on the planet. Small
we’ve invested over $1 million in relief grants for restaurants
businesses have also taken on an average of $180,000 in
in Toronto, Montreal and Vancouver”, a spokesperson for
debt during COVID.
DoorDash said, adding that restaurants aren’t a captive market:
“At a time when they’re still dealing with capacity restrictions,
With restrictions lifting in Ontario, restaurants have the
getting staff back and getting things back up and running
freedom to choose the options that work for them, including
again, the last thing a restaurant needs is a surprise like this,”
not offering delivery at all.
said Mallough.
A spokesperson for Skip the Dishes said the company has an aid package for restaurants, and has given $71 million to
Still, given that the app companies’ business model depends
restaurants across the country since March 2020. The
on wringing every cent possible out of restaurants bottom
company also had a 25% fee rebate for local, independent
lines, Mallough isn’t exactly shocked that they reinstated their
restaurants while indoor was banned.
previous fees as soon as they were legally allowed to.
“As a proud Canadian brand, Skip proactively lowered our
Given the competition among delivery apps, a senior
rates and has led the industry in support”, the Skip the
executive with Restaurants Canada is puzzled why at least
Dishes spokesperson added.
one of the major companies hasn’t voluntarily lowered its fees in an attempt to capture more market share.
The app companies also say restaurants were told fees were going back up, but Caputo insists he was blindsided when
I’m surprised that hasn’t really happened yet, at least not to
Uber put its fees back up.
any significant extent,” said James Rilett, Restaurant Canada’s vice president of Central Canada.
“They were helpful early in the pandemic, when they offered
He also disputed the suggestion that restaurants could easily
to put us on daily deposits instead of weekly. But since then,
choose not to use one of the delivery apps.
we haven’t heard a thing.” Caputo said. They don’t really have much choice, because that’s where a Ryan Mallough, Ontario reginal director for the Canadian
lot of consumers, especially younger ones, are going. But it’s
Federation of Independent Business, said restaurants are
very hard to make money.
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MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
THE IMPORTANCE OF TALENT IN ACCOMPLISHING THE SUCCESS AGENDAS DMM DEPARTMENT MB Enterprises
The importance of talent & significant-
what’s built-in is more important
certain task. The objective is not just
ly how it plays a role in accomplishing
sometimes than the expertise level
managing the tasks, but coming up
success agendas is highly demand-
needed for a certain agenda or a
with incremental strategies of moving
ing. This is especially true in the
project. In project management the
ahead successfully. The skills &
corporate world and w.r.t. the
role of talent plays a massive role in
abilities being a cultivating part of the
demands and needs of the corporate
corporate decision making, & finding
talent you have are an added
industry. Talent plays a critical role as
the right strategy to go forward with a
advantage to your role in a company.
MIXING TALENT WITH MOTIVATIONAL FACTORS: While you know that you have something that can be termed as a bonus or a strength, you can definitely add-on motivation to your talent & skills. The skills & abilities are always a huge factor on your portfolio, however, with motivation as key, it always sums up to be a bonus in your strategy. It just needs a good blend of the two, i.e. best composition of talent
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MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
& motivation to achieve the best possible results. Thus, as we
abilities is something that is inside the right analysis that you
know that every day is a new day in the corporate world,
are doing on a regular frequency. It triggers your sub-con-
however, still it can get hard to achieve targets consistently
scious mind and lets you think out of the box. Also, helps you
on a daily basis.
find your talent & abilities to accomplish your business goals and agendas in a company. How good you are in decision
IS TALENT THE ONLY BOOST NEEDED FOR SUCCESS?
making, coming up with the right idea at the right time and
IN the line of your agendas and accomplishing your duties,
brainstorming your thoughts on something which your
talent is one of the critical boost needed for success.
company is trying to accomplish for the first time. Indeed, the
However, while we say that, it is right to agree that it is not
brain is working round-the-clock and finding the right
the only factor. There are many other factors connected and
solutions for you in light of the current course of circumstanc-
linked together to achieve corporate success and business
es you are in. Circumstances might change later as they are
goals. Talent comes vitally into play while you want to make
bound to. However, in any case, you will have the talent and
the best use & application of your experiences, abilities and
abilities to fight them out. This is apart from the skills that you
accomplishments. It’s like, you have the telescope with you,
have adopted since many years from your school days.
but you don’t know the best way to lookout for the stars in the skies.
USE OF TALENT TO ACHIEVE BUSINESS GOALS: If you are an entrepreneur or working for one, doesn’t matter
DISCOVERING YOUR TALENT & YOUR INNER ABILITIES:
much indeed. The use and application of talent to achieve
Doing a consistent analysis of yourself every day or on a
business goals is the ultimate thing. It is indeed the pride that
weekly basis helps in identifying your strengths and
you as a corporate worker or as a businessman is looking for.
weaknesses. Thus, a discovery of your talent and your inner
Your business degree just gives you the license or permission to think ahead and work with strategy. However, your talent is the next big thing for you on a day-to-day basis. A set of certain abilities, skills and aptitude that you have developed since your school going days is highly helpful in finding the pathway for your goals and the business agendas. It indeed is a vitality in accomplishing what you are looking for in the amount of time that it should be achieved. Just as the saying goes ‘there is no use crying over spilt milk’, certainly, it is understood & is a universal fact that there is no crying over the business failures and losses. The best way is to make the right use of all the skills, abilities and the talent that is needed to get through the next hurdle.
W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
19
OCTOBER
EVENT 2021 CALENDAR 4 OCT
MONDAY
Feast of St Francis of Assisi
11 OCT
MONDAY
Thanksgiving Day
Many churches in Canada celebrate the Feast of St Francis of Assisi on October 4 each year. The feast commemorates the life of St Francis, who was born in the 12th century and is the Catholic Church’s patron saint of animals and the environment. It is a popular day for pets to be “blessed”.
Thanksgiving Day in Canada has been a holiday on the second Monday of October since 1957. It is a chance for people to give thanks for a good harvest and other fortunes in the past year.
18 OCT
MONDAY
Healthcare Aide Day
19 OCT
TUESDAY
Milad un Nabi (Mawlid)
31 OCT
SUNDAY
Halloween
Healthcare Aide Day is not a public holiday. Businesses have normal opening hours.
Many Muslims in Canada celebrate the Prophet Muhammad's birth and life or mourn his death on Eid Milad ul-Nabi (Mawlid, Milad-un-Nabi). The date occurs during the Islamic month of Rabi' al-awwal. Some Muslims mark this occasion by fasting or with parades, special prayers or conferences.
Halloween is celebrated in Canada on or around October 31. It is a day to mark the single night in the year when, according to old Celtic beliefs, spirits and the dead can cross over into the world of the living. Some people hold parties and children may trick-or-treat in their neighborhood.
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MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
CROSSWORD PUZZLE SOLUTION
MONTH SEPTEMBER
W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
21
INTERVIEW WITH AMIT PURI
CPA & CA from the Institute of Chartered Accountants of Ontario (ICAO)
TOPIC: CURRENT MORTGAGE SITUATION IN CANADA AND EFFECTS OF COVID PANDEMIC ON MORTGAGES IN TIME TO COME Q1. The real estate market is quite active, the rates are low, what is the effect of these 2 factors on the Mortgage market now? Rates are at an all-time low, G20 countries are all borrowing money from the world bank and IMF leading to historic low rates. This puts pressure on real estate, as more buyers enter the market. Demand remains high and supply stable. With reduced housing starts and inflationary issues, prices will rise.
Q2. Due to Low rates it looks like more buyers will be buying properties in time to come: What are your suggestions to these buyers regarding mortgage approvals? Always get your mortgage approved before even looking
22
MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
for a property, with a low inventory and high demand environ-
The fifth C is conditions—the purpose of the loan, the amount
ment, you have to be able to go into offer presentations with
involved, and prevailing interest rates.
FIRM offers, so having all your financing needs completed up front is very important, to help bring your offer to the top of the list.
Q5. What is the most common mistake clients do, which affect them in mortgage approval. Not being honest with the mortgage agent, tell them all the
Q3. Covid pandemic is affecting almost all the sectors, what difficulties do you see in the mortgage industry in forthcoming time?
pros and cons of your life and application, so they can find
Many programs offered by the bank for mortgage approvals
black listed with banks.
the best solution for you. Providing false information or documents, is the first step to get yourself in trouble and
and currently suspending, many self-employed programs are
market for a new property or need a refinance, makes sure
Q6. Do you see relaxation in Mortgage approvals, Amortization period and criteria for approvals in time to come?
you have no payment deferrals in process.
Depending on the length of the impact of COVID 19, rules will
temporarily on hold. Having a mortgage deferral, means you cannot refinance or buy anything new. If you are in the
adjust. If GTA pricing remains high, we can expect tougher
Q4. Mortgage approvals: Please highlight some of the most important factors financial institutions consider like: credit score etc.
rules, if pricing starts to drop, then the government would intervene and reduce the rules. It is dependent on pricing, interest rates, demand, supply, and global risk.
The five Cs of credit is a system used by lenders to gauge the of characteristics.
Q7. Why Mortgage sspecialists are important rather than walking into the bank?
The first C is character—reflected by the applicant's credit
We have access to all mortgage lenders, over 40 at any time.
history.
we can get the best rate for you, and we work 24/7
creditworthiness of potential borrowers, consisting of a quintet
The second C is capacity—the applicant's debt-to-income ratio. The third C is capital—the amount of money an applicant has. The fourth C is collateral—an asset that can back or act as security for the loan.
W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
23
EXTRA EXTRA EDWARD GREENSPON & KATIE DAVEY 3 Options to stop Big Tech from draining financial life out of news media As Canadian news organizations continue their unsustainable revenue decline, who should step into the breach but Facebook and Google, the two giant platforms that gobble up three quarters of all digital ad dollars. They have signed secret deals with dozens of desperate publishers to provide financial and other support. On the surface, their assistance may appear to be a positive development. Closer consideration reveals a disturbing new dependency. One of the great functions of journalism, is to hold the powerful - political and economic – to account. Do Canadians really want their watchdogs reliant on the goodwill of two willful
24
MBE BUSINESS MAGAZINE OCTOBER 2021
and self-interested corporations with
20% of the editorial budget of a given
combined market capitalization larger
news organization, they would enjoy
than the GDP of Canada and with
a far stronger position of influence
strong monetary interests in such
than any advertiser ever did. Not to
public policy matters as data and
mention that platforms have a long
privacy, taxation and regulation of
record of abruptly reversing policies
disinformation, hate and harmful
to the detriment of publishers.
content? There are better ways to proceed – Critics of news media long felt their
ways that would be transparent to the
local news outlet was beholden to the
public and designed to protect their
whims of advertisers. This kind of
interests.
pressure actually arose far less than imagined, but when it did occur, it
Canada has wrestled with the
was relatively easy to resist. A single
dilemma for a number of years of
advertiser rarely accounted for more
who will finance diverse and robust
than a tiny fraction of revenue,
news gathering ecosystem as the old
exercising limited clout.
advertising model proved inadequate to sustain journalistic numbers and
These new deals are opaque. It is
Canadians largely resisted the siren
unclear who gets chosen and why
call to subscribe. In some places like
and how much money changes
Boston, benevolent billionaires have
hands. Theoretically speaking, if the
stepped up. But billionaires are few
platforms account for, say, 10% or
and far between, benevolent ones
W W W. M B E F O RYOU. C O M
most particularly. People have looked to charitable founda-
licensing agreements with news publishers. Should these
tions, but they also tend to be relatively small in Canada and
talks fail to lead to an agreement, then each party is forced to
are besieged by other needs in an era of rising inequities.
submit its bid to an independent party that would, as in baseball salary arbitrations, select one or the other.
When you work your way down the list, two imperfect
Canadian publishers have estimated this could result in a
sources of funding stand out – governments and the
transfer of $620 million to be allocated
platforms.
percentage of an outlet’s percentage of an outlet’s editorial
based on a
spending. Governments and platforms would be kept from There is justification in both cases. Journalism is a public
exercising discretion over who gets what.
good and governments have a responsibility to protect the health of our democracy. As for the platforms, they serve as
2. An alternative approach would be to replicate the long
distributors of content created by others, including by
standing arrangement by which Canadian cable and satellite
journalists, and Canada long has a tradition of balancing the
companies pay a levy on their revenues, which is then
playing field between well-heeled content distributors, such
recycled to film and television producers. In the cable model,
as cable operators, and hard pressed producers of the
the money is handed out on a discretionary basis by the
content these distributors carry.
Canadian Media Fund. For news media, a more objective system, such as a proportion of editorial spending, is
The federal government introduced four programs in 2018
preferable to a discretionary fund.
and 2019, three of them originating from the Public Policy Forum’s 2017 report, The Shattered Mirror.
3. An Australian style approach might not work for smaller, local news operations or niche publications, although the
First there was a Local Journalism Initiative that put $50
bigger publishers would be well advised to include them in
million over five years into funding local journalism. Then
collectives. Either way, it is time to reimagine and expand the
there was the five year, $595 million package of measures
successful Local Journalist Initiative (LJI), which in 2019-20
contained in the 2019 budget, highlighted by a labour tax
funded 342 journalists in 251 newsrooms across Canada,
credit to encourage the continued employment of journalists.
into a more broadly based trust. As it stands, the federal
Controversy has at times surrounded these programs
government is the sole funder of the LJI. Turning it into a trust
because of discomfort about governments handing out
would enable philanthropic giving and community fundrais-
money to the very news media charged with holding them to
ing.
account. This risk has been mitigated by setting out clear policies with transparent criteria administered at arm’s length.
The Australian model – with collective negotiation, backed up
It is imperfect, to be sure – but so is the desertification of
with baseball style arbitration –
news.
can help preserve journalism through its transition, nurture
and more ambitious LJI
the green shoots of change we are witnessing, reduce media More is need. Here are three options:
reliance on government and even provide a transparent,
1. Australia has endeavoured to rebalance the market by
neutral forum for platforms to support journalism free of any
going after what it considers the anti-competitive nature of
appearance of exercising influence.
Facebook and Google. They have been ordered to negotiate W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
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‘CHALLENGES FACED BY FRESH ENTREPRENEURS WHILE GROWING UP THEIR BUSINESS’ DMM DEPARTMENT MB Enterprises
There are a number of challenges
over how to use their investments
country risks involved with factor of
that are faced everyday by fresh
while considering the value of
environment which can be a future
entrepreneurs while growing up their
financial security.
consideration in terms of invest-
business and keeping up with the
ments.
demands of new business expan-
Entrepreneurship comes with a host
sions. As an entrepreneur you have
of challenges. These challenges can
If you are an experienced player into
to build your mind while developing a
be rewarding but they are very
the game of business or thinking
business strategy for expansions and
challenging and can even be termed
about becoming a fresh entrepreneur,
what needs doing for future
as harsh challenges for the future.
you have to be prepared for the
prospects. Developing a consistent
The experienced entrepreneurs have
hurdles. Some of these are as
mind and sticking with your daily
to deal with these challenges on a
follows;
routine is a huge necessity for an
daily basis. This is irrespective of the
entrepreneurial success as it helps in
time they have been in business or
1. ABANDONING ANOTHER CAREER:
making new goals for developing
trying to establish a brand. To keep
For an entrepreneur it is important to
business in different and divergent
the business profitable can be a huge
realize the real source of earnings
streams. As an investor and a fresh
challenge irrespective of the environ-
and the investments that needs to be
entrepreneur one must have control
ment. However, there are certain
made in a business. To make a
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MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
decision of abandoning another career and bringing your
creative insights shall enable you to overcome many challeng-
focus to your business is one of the major decisions that
es in the best possible ways. Your experience counts,
needs to be taken. The decision should be highly focused
however, the less pressure you will take, the more you can
and must include all the pros and cons that are good for the
come up with a solution to overcome the challenges with
sustainability of the entrepreneurial success.
refined strategies. Furthermore, the better decision making you will be able to take as a visionary and an entrepreneur
2. TEAM BUILDING:
with highly skilled abilities.
Yet another challenge on the pathway of entrepreneurial success is known as ‘Team building’. It is the process that is
4. THE IMPORTANCE ATTACHED WITH DECISION MAKING:
highly mandatory while taking the business to the next level
The level of importance attached with decision making is
and making it more sustainable. Being a visionary and a
given more and more significance while moving forward in
fresh entrepreneur, a team is a massive source of inspiration
the entrepreneurial success ladder. The hurdles and the
for the success of an entrepreneur. Good communication
challenges of being an entrepreneur can be reduced and
within the team and aligning the business strategies with the
controlled with the help of calculated decision making &
demands of the entrepreneur is the core of team building. An
making the right analysis of the risks involved. Decision
integral part of success if taken with a fruitful strategy,
making for entrepreneurs also involves financial decision
otherwise can be very challenging while overcoming the
making apart from corporate decision making & being the
hurdles.
right guide for the most accurate business solutions. This can prove to be most vital and stressful in terms of the degree of
3. HOW TO BE A VISIONARY FOR ENTREPRENEURIAL SUCCESS:
stress management as fresh entrepreneurs have to take
To be a visionary on a consistent basis for entrepreneurial
and with the right vision for the company growth apart from
success is one of the best ways to overcome many hurdles.
the distinguished risks analysis.
many decisions in a day. All of them needs to be practical
While you are the owner of a startup you will be coming up with new ideas on a daily basis. As soon as you are encoun-
5. DEALING WITH UNCERTAINTIES:
tered with competition, you will have to come up with an
For an entrepreneurial success, one has to be an expert in
immediate response plan. However, in case if the plan fails,
dealing with the uncertainties on a consistent basis. ‘Anything
as a visionary you should also have a contingency or an
Can Happen, Anytime’, as there are a huge number of
alternative plan to overcome the challenges in the best
uncertainties that as an entrepreneur one has to deal with.
possible ways.
An example is the current pandemic which has been a huge
More importantly, the demand for the entrepreneur is
cause of business losses and shutdowns that have resulted
on-the-spot creative thinking. Your creative thinking & your
in many businesses reducing or controlling their growth strategies. For entrepreneurs all over the world this can be seen as a huge hurdle in growth strategy of moving forward. It can result in scenarios that can comprehensively relate to change management and strategies of change. But naturally, one has to bend down, or take evasive action in case of a stone thrown at you directly, or from a distance. Taking action in a scenario that can result in huge losses if no action is being taken is an ironic but a highly technical strategy into action. While dealing with the uncertainties the awareness levels should be at a maximum.
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MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
‘BENEFITS OF EFFECTIVE SUPPLY CHAIN MANAGEMENT IN THE RETAIL INDUSTRY’ DIGITAL MEDIA MARKETING MB Enterprises
The benefits associated with an
the way for efficiency in operations
chain in the retail sector for bigger &
effective supply chain management in
and collaborative strategies are highly
better results.
the retail sector are huge in terms of
worthwhile in the whole dynamic
the impacts. Retail sector revolves
process. Supply chain also involves
The supply chain in today’s global
heavily around an effective Supply
much improved quality control as
world are found to be increasingly
chain strategy whether it’s M&S, Next
benchmarking & branding holds
complex while making a data-driven
or Walmart. We are talking about
values of trust for the customers. Also,
approach to supply chain a must.
managing operations with a huge
improves the cash flow as well as
Practically speaking, data isn’t the
impact towards the necessary change.
improves risk mitigation in the retail
only driver of an effective supply chain
The global retail industry is highly
industry with deeper insights.
management, there are other drivers
dependent on values of supply chain
Increased efficiency levels for better &
as well. These includes good vendor
and speed of the operations apart
much systematic connectivity is the
and supplier relationships, effective
from the effectiveness and efficiency.
key for the customers.
cost control and securing the right
Collaborative measures are a huge
How to keep up with demand is the
adopting innovative supply chain
necessity that can have a positive
strategy that is adopted by an efficient
technologies makes a big impact too.
impact on the way retail industry
supply chain. At the same time it
operations move forward. They pave
nourishes the movements of supply
logistics partner. Furthermore,
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MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
IMPROVES CASHFLOWS TO LARGER EXTENT:
supply chain owners and leaders. Now
3. Time for complaint resolution
the supply chain leaders are more
4. Findings from supplier quality
Efficiency in supply chains and
updated in form of the information that
assessments.
operational activities automatically
is needed in context to make much
5. The scrap rates, reworks & similar
improves the cash flows to much
informed decisions. Thus, making
issues at suppliers.
larger levels. The benefits associated
decision making for supply chain
with supply chain allows companies to
leaders a much improved and refined
make smarter decisions, choosing the
process.
right partners and accurately predict
KEEPING UP WITH THE DEMANDS OF CONSUMERS: This is a huge benefit of effective
successful implementation of more
IMROVEMENTS & ENHANCEMENTS IN QUALITY CONTROL:
cost-effective solutions in order to
This is a benefit of S.C.M mainly
keep up with the demands of the
eliminate wasteful spend and bringing
associated with the companies that
industry. For example if the consumer
reductions in overhead costs is also a
have greater control over not only their
expectation and demands increases
meaningful contribution to positive
direct suppliers. But, also over their
by 8% in a particular week or month.
cash flow.
supplier’s supplier will be enjoying
A retailer could end up ordering 10%
their greater control over the quality
more product in response to the
Effective supply chain management
management aspects. Thus,
increase while feeling that this
also has direct and secondary effects
implementation of the standard
demand can rise as well. Hence, the
that support the efficient, seamless
minimum quality control in supply
next link that arrives in the chain
flow of information & finally goods and
chain management is a huge plus. It
according to a 10% increase in
services from procurement through
enables the direct suppliers to identify
retailers demand is a larger increase
final delivery.
and partner with the secondary
on the supplier. Eventually, all these
suppliers that meet those require-
factors will help the increase in 25%
BETTER & IMPROVED COLLABORATIONS:
ments effectively.
increase in the final orders. This is
This is in relation to the information
However, having said that, all the
demands from consumers, suppliers,
flow which is found to be a prominent
quality control steps and processes
& finally the retailers.
challenge for companies. According to
are deeply linked up with some
an anonymous retail research report,
mandatory KPI’s, i.e. Key Performance
Keeping up with all the expectation
approximately 78% of global compa-
Indicators. These KPI’s includes;
and demands is always a huge benefit
and respond to market changes. The
how it works keeping room for
that an effective supply chain enjoys
nies lack an automated flow of information across the supply chain.
1. Timely deliveries
in the whole process of supply chain
2. Final product quality (As received
management.
A much improved access to data has
by the end-user or customers in most
been a source of huge thanks for the
cases)
W W W. M B E F O RYOU. C O M
supply chains, to have the potential to
MBE BUSINESS MAGAZINE OCTOBER 2021
31
AN APP A DAY, KEEPS THE DOCTOR’S AWAY‘THE BEST APPS TO KEEP YOU FIT’ DMM DEPARTMENT MB Enterprises
Staying fit and healthy is always in
Being judgmental for your style and
android play a significant role in daily
fashion and these days it is consid-
looks is one of the most preferable
exercises and managing a routine.
ered as something vital that increas-
things than others pointing you out
They give you a fitness target and
es your face value and your personali-
that you are gaining some extra
routine every day that helps you lose
ty appeal. It’s always a plus if you
pounds? Something that won’t go
calories and keep yourself fit. Some
have to go for an interview or an
that easy with your portfolio if you
of the apps even give you tips that
appointment as it reveals to the
want to launch your career as a
are best for your fast weight loss and
members that you take good care of
model, or a branding expert in a
how to get back in shape as fast as
yourself. Self-care and personal
marketing firm. ‘Charity begins at
possible. For example a walking app
hygiene are something always in
home’, first you need to display how
known as StepsApp, has practically
fashion just like good manners are
you should look and how you care for
motivated people towards their
always in fashion in the corporate
yourself than moving on and market a
walking routine on a daily basis. It
world. Your body language speaks
product or start with a media brand-
has managed and helped people
volumes regards to the way you
ing campaign.
achieve their goals with consistency
deliver and how well can you handle
and weight loss that is easy, manage-
thing that can easily be a test of
HOW APPS PLAY A VITAL ROLE IN FITNESS ACTIVITIES:
nerves for you in real corporate life.
Mobile apps on apple phones and
a pressure cooker situation. Some-
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MBE BUSINESS MAGAZINE OCTOBER 2021
able and friendly according to age, weight and time consumption.
W W W. M B E F O RYOU. C O M
Other similar apps, such as Yoga and meditation apps have
while the Best for Focus is Unplug. However, the best
helped many people all across the world manage issues of
meditation app, i.e. best selection for 2021 is known as
mental health. Furthermore, they have felt relaxed and much
‘Simple Habit’. All these apps have consistently helped
better after consistent use of the meditation apps that have
people regards to their health and fitness issues which
been a massive stress buster for those who are undergoing
includes lose weight, and have a flexible body. Apart from
stress issues. The Yoga apps gives you compete change of
that, also helped people living a healthy routine life.
attitude towards life as consistent exercises are good for breathing and cardio issues. Some of the famous Yoga apps that are highly active with practical results all over the world includes Daily Yoga, Yoga Studio, DDP Yoga, Track Yoga, Asana Rebel. At the same time some of the best meditation apps for 2021 includes Calm, which is found to be the best overall. The best meditation app for sleep is Headspace: Meditation & Sleep,
W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
33
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Redefining the role of the leader in the reskilling era WWW.MCKINSEY.COM
To enable continuous learning, leaders will need to think and act differently.
not-for-profit leaders, and McKinsey
It’s harder to learn new things as an
experts—recently held its fourth
adult; the pain of making mistakes
annual meeting in Norwalk, Connecti-
doesn’t roll off as quickly as it might
Continuous learning in the workplace
cut.
have when we were younger. So how can leaders foster an environment of
must become the new norm if individuals and organizations want to
At one of the meeting’s sessions, four
psychological safety where employees
stay ahead. This places more demand
CAALD members—Lynda Gratton,
are supported but still productively
than ever on leaders to take on a new
professor of management practice at
challenged? The members discussing
role they might initially find unfamil-
the London Business School; David
this problem concluded that part of the
iar—that of learning facilitator-in-chief.
Rock, director of the NeuroLeadership
solution may be for leaders to dial up
Institute; Joe Voelker, chief human-re-
their levels of empathy and humility
Since 2016, the Consortium for
sources officer at Stanley Black &
and focus more on enabling the best
Advancing Adult Learning & Develop-
Decker; and Tim Welsh, vice chairman
in their people, rather than command-
ment (CAALD) has sought not only to
of consumer and business banking at
ing it from them. What follows are
illuminate the big-picture challenges
US Bank—discussed the mind-sets
edited excerpts of their reflections,
that the reskilling era poses but also to
and behaviors that leaders must learn
which emerged from a conversation
explore the implications for individual
(and unlearn) in order to meet the
moderated by Ashley Williams, CEO
leaders. CAALD—a group of learning
needs of their people and their
and chief learning officer of executive
authorities whose members include
organizations in the age of reskilling.
education at the University of Virgin-
researchers, corporate and W W W. M B E F O RYOU. C O M
ia’s Darden School of Business. MBE BUSINESS MAGAZINE OCTOBER 2021
35
Keeping an eye to the future
show clearly that people want some
not incremental innovation, about
Lynda Gratton: When we think about
sort of insight about where they might
having the courage and confidence to
reskilling, our minds immediately go to
be going in their organization and
drive innovation that may disintermedi-
the idea that you do a program or a
what role they might play in it or not.
ate the current core of our business
course, something concrete that
Leaders need to be transparent and
but will ultimately ensure that the
upskills you. Actually, for most people,
honest about those changes, engag-
company will survive and thrive in the
their capacity to reskill comes from the
ing in an adult conversation about
future.
job itself. So the crucial role for
what might realistically happen in the
leaders is to be thoughtful about the
future and how it could affect employ-
Creating a safe space to learn
way they design jobs, how they allow
ees.
Tim Welsh: As leaders, we already know how to create the right environ-
their people to move across different types of positions at the company, and
Joe Voelker: I have the privilege of
ment for this shift to happen. Many of
allowing those employees to build
serving in a company that’s been
us already do this in our own families.
their skills and forge a navigable path.
around for 176 years and has been at
We create a safe learning environ-
the leading edge of innovation, with
ment for our children. So why can’t we
Because for most people, it’s likely
many successes. Reskilling for our
be the same authentic, open leader at
that the job they’re in now will not exist
leaders is trickier, because the way
work as we are at home? Be honest
in the future—or at least not in the
they’ve done things in the past has
but positive, painting potential
same form. So leaders need to
worked. So we have to start working
opportunities for the future, and
provide ongoing momentum for
from the mind-set of, “If we don’t
design the work and create the
people to use their agency to decide
disrupt our business, somebody else
environments in which people can
for themselves, “What am I going to
is going to do it for us.”
thrive. Because it’s one thing to have the mind-set that the world’s changing
do next?” It’s about transitioning your culture so
really fast, but if everyone keeps
To give employees the insights they
that leaders see the need for change,
operating in cubicles, sitting in on
need to make informed decisions, it’s
are rewarded for it, and are committed
conference calls, and going over
also important for leaders to help
to lifelong learning—and unlearning,
PowerPoint slides, then your way of
people in their organization under-
because what got them into their
working is not matching up with your
stand what’s happening in the
current leadership roles is no longer
new mind-set.
world—maybe not in 30 years’ time,
sufficient. The mind-set we’re trying to
but certainly in three years’ time. Data
drive is a focus on rapid innovation,
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MBE BUSINESS MAGAZINE OCTOBER 2021
We’ve had to change our entire work
W W W. M B E F O RYOU. C O M
environment to create an atmosphere
without anyone feeling that they’re
people, helping them do better, it
where people could fail fast. Now I’m
being personally attacked.
helps them to more successfully make
seeing some of our colleagues do
that transition as a leader in the
things that a year ago they thought
At work, people typically operate at
were impossible. And it’s all because
different levels of threat response.
they had a new sense of purpose and
Most people spend far too much time
Lynda Gratton: I think another trait that
a more ideal environment. The work
at level three—what you might feel
will be increasingly important for
was redesigned, they had agency, and
when your boss is walking toward you
leaders to have is empathy. Every
they were allowed to set their own
with a scowl on their face, alarms are
single trend we see for the future—be
goals.
going off, and you can’t think straight.
it demographic, social, or technologi-
organization’s new way of working.
A skilled leader should know how to
cal—leads to greater divisions within
Lynda Gratton: The leaders I see who
create an atmosphere where people
society. None of the trends we look at
are really building an organization
are at a steady level one or two—akin
actually brings people together. What
that’s adaptable, that’s going to be
to just knowing your boss is in the
we know is you develop empathy for
able to upskill and reskill their employ-
building or on your floor—so they can
others by spending time with people
ees over time, are those who not only
effectively do their work without
who are different from you. One of my
are honest about their own failings but
unnecessary stressors.
concerns about being a leader today
also create an environment of
is that, more often than not, you live in a neighborhood with other rich
ees so that they are comfortable
Cultivating a service-leadership approach
making mistakes as they learn.
Tim Welsh: We may need to think
Your kids go to school with other
about a whole new definition of
children just like them. It’s fundamen-
Adult learning is difficult. Anyone who
leadership, a whole new set of
tally difficult to empathize with the
has tried to learn as an adult has
attributes that a leader should have for
other—whether it’s people from
struggled with the sort of failures that,
this new working environment we’re
different socioeconomic, educational,
as children, we didn’t notice so much.
talking about. Most of all, we need
racial backgrounds and so on.
When you are learning as a child, it’s
humble leaders—in part, because
really hard to tie your shoelaces, but
increasingly they will need to be
David Rock: Earlier this year, we did
everybody’s finding it hard. As an
enablers of others, not in charge of
some research on what even just a
adult, failure is really difficult, but it is a
others. This requires a very different
little bit of power does to the brain.
part of the unlearning process. So,
mind-set. In a world of reskilling, a
Essentially, what it does is it reduces
how leaders demonstrate the ways
leader will be a person who needs to
your empathy. You can begin to treat
that they think about failure is really
act in service to others, empowering a
people as objects, you’re not thinking
important.
group of employees to do things on
about the risks of your actions, and
their own.
you do things that are stupid and
psychological safety for their employ-
I know of one leader who sends a
leaders. Your friends are just like you.
wrong. In an era where it’s all too
note to his managers saying, “These
Joe Voelker: In my experience, it’s the
common to treat people as
are the things that I’ve learned and
hardest for midlevel managers to shift
numbers—literally dehumanizing
thought about, and these are some of
to this new model of the leader as
them—the leaders and organizations
the things that didn’t work so well.” By
facilitator, with a more growth-oriented
that will succeed are those that put
doing that, he’s communicating how to
mind-set. They often feel the most
human values at their core.
think about your own adult learning. I
threatened. Before, they had more
think that’s a crucial role for leaders to
relevance; they like being in charge.
This article represents edited
play.
And, suddenly, with a shift to a more
comments from a discussion moderat-
nonhierarchical environment, all that is
ed by Ashley Williams, CEO and chief
David Rock: The term psychological
going away. That’s why creating a
learning officer of executive education
safety is often misunderstood. It
positive narrative is so important.
at the University of Virginia’s Darden
doesn’t mean everyone feels happy
Because if you can give them
School of Business.
and delighted all the time. The best
something to aspire to—a new role,
teams have some conflict and tension.
not an eliminated one—where they
They can challenge each other
are more of a positive enabler for their
W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
37
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‘CONSUMER RESEARCH & ITS IMPORTANCE FOR FRESH BUSINESSES’ DMM DEPARTMENT MB Enterprises
Consumer research, a field of
How consumer research is respon-
people regards to a particular type or
marketing & market research is
sive in the already active business
style of clothing and then establish
highly dependent on the perceptions
markets?, largely depends on the
opinions regarding what sort of
and behaviors of consumers. Most of
demographics involved, i.e. w.r.t. age,
clothing are popular in what kind of
the consumers are the highly loyal
sex, location and other variables
age groups and gender. At the same
customers who hold their own opinion
necessary for the consumer’s
time location preferences holds vital
regards to the product or services. It
analysis, for example age group or
elements of success for different kind
is evaluated or figured out in the form
range of data w.r.t. age.
of brands sticking with the variances
of already available data known as
and seasonal variations attached.
secondary data and primary research
For fresh businesses it holds vital
that is gathered in form of interviews,
elements of success as to establish a
How consumers can become
observations, questionnaires and
new business one has to evaluate
satisfied customers? A question that
surveys. Also presented in form of
and ponder over the pros and cons of
is asked by many retailers and fresh
statistical data, i.e. pie charts, bar
establishing a business. As a good
business owners while they start their
charts, histograms and other tabular
example we can discuss the clothing
own business. The most important
forms that represents consumer’s
business. While coming up with the
thing is to know what matters to
behaviors and response regards to
idea of a fresh clothing brand, one
consumers’ every time they buy a
products and services.
has to gather likes and dislikes of
clothing brand.
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MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
THE CONSUMER’S PREFERENCES:
opinions. These are in form of feedbacks regards to a particu-
Consumer’s preferences matters a great deal while analyzing
lar product or a set of services.
why a certain brand can be famous between people. However, with seasonal variations trends can differ and there must be
However, having said that, the variables of the marketing
some sort of changes in the way the brand works out for
environment do come into play with external factors being
improved customer choices. We are definitely dealing with why
applied. What importance we can give to the marketing
people prefer something and ignore something else. If it’s a
environment will in the end yield results regards to the differing
fresh business, consumer preferences are not that big a factor,
consumer opinions. As a business owner or a fresh entity, one
but it is indeed a factor that can’t be ignored in any possible
can’t experiment much with the marketing environment.
ways. Being an opinion holder is entirely up to you, however,
However, a little bit of experimentation can be useful in coming
how opinion matter is what is important for fresh business
up with the seasonal brand variations.
owners? Apart from all these factors into play, the best thing that works out for fresh business owners is the uniqueness of a particular brand or service. Simply, because consumer’s
ROLE OF FRESH BUSINESSES IN DATA GATHERING:
preferences are triggered with the uniqueness of a brand in
Something, we have discussed briefly earlier holds importance
action.
to the various types of businesses. However, the role here in terms of data gathering in form of primary research is a key
CONSUMER VALUES TOWARDS BRAND LOYALTY:
part of the consumer research protocols. A useful parameter
The consumer values matter a great deal towards working out
indeed regards to setting a justified marketing budget that
‘Brand loyalty’ aspects. It is how valuable are the consumer
works for the marketers for a certain length of time.
preferences towards the uniqueness and loyalty levels attached to a brand. A brand loyalty doesn’t have a specific
Data gathering is useful in form of online questionnaires,
formula that is vital for the change. However, it’s winning the
surveys, forms, and observations that exhibit the consumer’s
consumer’s choice every time you try anything new with the
responses. Fresh businesses need these data in various forms
brand. Just like winning an award most of the time, known
as the reliance is more towards creating a ‘brand value’ in the
popularly as the ‘Consumer’s Choice Awards’. The loyalty
first place. As the saying goes, ‘First impression is the last
factor this way can be easily measured and maintained in
impression’, no one can ignore the idea of the initial impres-
numbers than going through and asking every customer
sion in the eyes of the most sensitive and user friendly
regards to their opinion. What’s highly justified at the end of the
consumers. These are people who have a better know-how
day is opinion matters a great deal in consumer research.
w.r.t. the brand performance & the potential it has to generate leads in different markets.
CONSUMER RESEARCH & THE MARKETING ENVIRONMENT: The reliance of a marketing environment is deeply attached
Thus, data gathering can’t be ignored for fresh businesses also
with consumer research. These are based on external and
because every new business strategy is unique in terms of the
internal marketing of a company and what strategy they apply
deliverables and target market.
to implement the changes across the board. If the marketing environment is highly dependent on people’s opinions than consumer research has a much larger role to play in grasping
W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
41
‘HOW CORONAVIRUS MEASURES ARE AFFECTING PNP APPLICATIONS IN YEAR 2021’
DMM DEPARTMENT MB Enterprises
The novel Coronavirus is practically in the process of Stage 3
cial immigration departments had to make some temporary
and has already been a cause of some fluctuating circum-
adjustments to their normal procedures needed to qualify as
stances for various Canada’s immigration processes including
a PNP. Here are some of the provinces and how the require-
PNP applications. PNP is the short for ‘Provincial Nominee
ments have fluctuated according to their provincial needs.
Program’ and is a unique migration program that holds relevance according to the province or territories in Canada.
ONTARIO PROVINCE- ‘OINP’:
Ironically, as Canada is a huge country and the largest in
The fourth largest Province of Canada with cities like Toronto,
terms of area in North America, the migration requirements
and Ottawa is also a hub of international students and
vary according to the provincial and territorial needs. Howev-
migrations coming to Canada. The province Ontario is yet
er, still the provinces and territories have made adjustments
another province in the list of Canada’s provinces that allows
to their immigration programs so that the new immigrants can
incomplete PNP applications unless there is a valid reason as
still become permanent residents. This is while keeping in
to why the application is incomplete. The Ontario Immigration
mind the effects of coronavirus and the variations due to the
Nominee Program (OINP) shall be considering all the
pandemic that has been a cause of many devastation.
relevant information when reviewing the application, and also may allow the candidates some additional time to send in the
These are programs that serve critically an important purpose
required documents.
to the regional economies. However, in order to operate effectively during the period of the pandemic, all the Provin-
42
MBE BUSINESS MAGAZINE OCTOBER 2021
In addition to all the efforts later this year the province is W W W. M B E F O RYOU. C O M
expected to launch an expression of interest system for the
the Federal Govt. In case of the change of term of employ-
‘Employer Job Offer’ Category. In future, if they persist with
ment offer from their original offer changes due to the
this plan, it will definitely abolish the rushed-seating model
Coronavirus outbreak. Hence, in that case the SINP immigra-
that is currently operational.
tion stream may get a conditional nomination. This can
BRITISH COLUMBIA- ‘B.C. PNP’: British Columbia, a province that is highly attracted for its rich tourism values and cultural heritage is famous for migrations
happen in case if the applicant no longer meets the minimum criteria of the SINP category through which they got their initial nomination.
and students as well. With cities like Vancouver, and Victoria,
MANITOBA-‘MPNP’:
the capital of B.C. it is on the boom every day with an annual
Province Manitoba is yet another province of Canada that has
increase in PNP applications. The British Columbia Provincial
come across with the necessary changes in their PNP
Nominee Program is still holding weekly immigration draws.
program due to the novel Coronavirus. The PNP for Manitoba
However, they are excluding occupations in the hard-hit
is known as MPNP or Manitoba Provincial Nominee Program
sectors which includes Tourism, Hospitality, Retail and
for international migrants coming to Canada. The program will
Personal Services. The full list of omitted occupations
be able to use non-consecutive work experience towards
includes 31 occupations and is available on BC PNP’s August
eligibility. This means simply that for those people who lost
31 news release. The decision of B.C. Province for the
work and started working again don’t have to necessarily
inclusion and exclusion of occupations in the list is dependent
work for six more consecutive months for the sake of becom-
on the draws based on the labor market needs.
ing eligible to submit an ‘Expression of Interest’.
SASKATCHEWAN- ‘SINP’:
Moreover, like other provinces the MPNP also allows incom-
The Saskatchewan Immigration Nominee Program, also
plete applications supported by an explanation letter as to
known as SINP is in with the latest changes due to
why the application is incomplete? The Province may still be
COVID-19. The program is now allowing nominees to request
needing all the documents in order to assess the application.
a six-month extension for applying for permanent residency to
W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
43
‘GLOBAL INCENTIVE SUMMIT, BANFF CANADA’ DMM DEPARTMENT MB Enterprises
The Global Incentive Summit taking place in Banff, Canada from 18th October to 20th October is a huge incentive for the sole purpose of promoting tourism values in Canada. The
AIMS & OBJECTIVES OF THE SUMMIT- 18th OCT- 20th OCT 2021’: As the name of the summit clearly signifies i.e. Global
summit will be held at the Rimrock Resort Hotel in Banff
Incentive Summit, it’s an incentive for the sake of promoting
Canada and is a huge step for the purpose of promoting
tourism values in the country. These tourism values have
tourism in Canada especially after the post pandemic period.
been deeply hurt in past due to the effects of the pandemic
The restoration of tourism holds major values for the people
which has caused global losses in terms of lives as well as
of Canada who have enjoyed their country and its tourism
finances at the same time. It’s not only about the promotional
values since the last few decades.
activities, but also increasing the motivational factor in the
Canada, the largest country in North America w.r.t. area is
motivational travel industry. Canada being the land of water
one of the most beautiful countries of the world, and one of
falls, mountains, Rockies, sea-life, wild life and beautiful
the wealthiest as well. Generates huge amounts of revenues
landscapes is a country well known globally in terms of the
in the Tourism sector regards to the amount of people coming
tourism values. At the same time, the hotel industry has
to Canada on an annual basis. Also, includes people staying
played a major role in staging tourism conferences in the past
in hotel and consumption of the hospitality sector for the sake
as well as regards to people staying in lodges, inns and
of tourism values and promotions.
hotels. In the past similar tourism conferences have taken place in Timmins, Canada in 2019 held at Senator Hotel and Conference Centre Timmins. A key role in signifying the aims
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MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
Health protocols are a mandatory part of all the procedures taking place in Canada these days. These are protocols that are managed and maintained according to the specific provincial requirements. Hence, in the Canadian hospitality sector the protocols are maintained on a daily basis according to the international requirements, especially where there are a huge number of international guests involved. & objectives of the tourism summit is to encourage people that they can come to Canada as the pandemic is almost
COVID-19 & THE GLOBAL INCENTIVE SUMMIT:
over. Tourism can take to the next stage while keeping in mind
As discussed earlier as well, it’s a huge step towards the
the health protocols that are necessary for the promotions.
promotion of tourism in the midst of the crisis attached with
THE MANDATORY HEALTH PROTOCOLS IN PLACE: All the Global Incentive Summit attendees will be required to
COVID-19. A pandemic that is in its stage-3, however, it’s important for people that they handle their fear factor themselves.
follow the North Star’s stringent health protocols, i.e. CDC and the local requirements. The local requirements includes
Being aware of the health measures while being sensitive
the proof of vaccination 14 days prior to the event or a
with the ‘peace of mind’ factor is a major necessity. It’s indeed
Canadian govt. approved quarantine plan for anyone not
a possibility that can take place effectively with the help of
vaccinated. Apart from these health protocols, there will be
precautionary measures during the global summit as well as
daily temperature screenings that will be taken as well as a
while being a tourist in Canada. Ironically, as the country
quarantine area will be reserved for anyone whose tempera-
holds huge levels of reputation in the past regards to the
ture is higher than 99-degrees Fahrenheit. The North Star’s
prestigious tourism values attached.
events team will participate in the health protocols by giving the attendees a brief or the required documentation and health measures prior to the event.
W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
45
CROSSWORD PUZZLE
OPEN LANES
ACROSS 11 Magician's opening 5 Destroyer destroyer 10 Extra: Abbr. 14 Weigh anchor 15 Inexact recipe amount 16 Oscar-winning role for Helen Mirren, in brief 17 Smart-_______ 18 Checks the dimensions again 20 A dress or a Gilbert & Sullivan vessel 22 Betty Grable throughout WW Ill, e.g. 23 Meadows 24 Hide 26 Renowned Greek lyric poet of Thebes 29 Ones always getting busted at parties? 33 Plains tribe 34 First name in Communism 36 "Hot Lips" portrayer 37 Orchestra site 38 Bowling game ... or a hint to this puzzle's theme 41 The Monkees' " ______Believer" 42 Former Voice of America org. 44 "Topper" portrayer Carrol 45 A real charmer? 47 A flipping arcade game 49 "The Homecoming" playwright 50 Kind of team 51 Festive affair 52 Old Ford 55 Ousted Chilean dictator Augusto 59 Utterly spaced out (4 wds.) 62 Poi source 63" ... _____ saw Elba" (2 wds,) 64 "South Pacific" Tony winner Ezio 65 "East of Eden" Real Change Crossword Puzzle director Kazan 66 Fork-tailed flier 67 Some test versions 68" _____ even think about it!" Down 1 P.D.Q. cousin 2 Big name in bras 3 It means nothing to the French
4 Mayor of Spa in 5 Tizzy 6 Casket holders 7 Don't tread____________(2 wds.) 8 Place with the helpful hardware man 9 Hip-hop article 10 Theologian Thomas 11 Bruce or Laura of Hollywood 12 "Mon_______!" 13 Speak Daffily? 19 Public relations effort 21 Luau or Seder, e.g. 24 Bit of parsley 25 Place for a firing 26 Kind of menu 27 "Who's there?" reply (3 wds.) 28 Out (2 wds.)
30 "There's many a slip ______ cup and lip" 31 Pop singer Mann 32 Bart, Belle, Brenda, Ken or Ringo 34 Prep a red to propose, maybe 35 G.l:s mail drop 39 First Lady of Jazz 40 1970 Neil Diamond hit 43 Refrain (from) 46 Passed, as laws 48 M.P:s quarry 49 Black and white bamboo lovers 51 Tokyo commerce center 52 Painter Mondrian 53 About, on a memo (2 wds,) 54 MLB pitcher who takes turns at the plate
See previous issue answers on page # 21
55 Huff and puff 56 Circle overhead? 57 Land o' blarney 58 Just so (3 wds.) 60 Police alert, for short 61 Tell it like it ain't
‘THE BENEFITS OF ENCOURAGING EMPLOYEE EMPOWERMENT’ DMM DEPARTMENT MB Enterprises
Employee empowerment and
CONFIDENCE IS THE KEY:
success. Ironically, this means that
employee ownership are the latest
Regards to employee empowerment
your company has trust on your
developments regards to increased
and ownership, confidence is key and
abilities and skills and want to
values in organizational culture. While
holds massive values of success and
empower you more for showing the
we get deeper into organizational
development. This confidence is
true abilities and values of success.
culture and employee motivation, we
given by the higher authorities and
realize the values attached to
management of the company so that
According to a behavioral statistician
employee empowerment and
employees feel themselves as being
Mr. Joseph who studied data from
ownership and how these two have
an integral part of the company.
different employees. His study shows
played an integral part in employee
Confidence most of the time helps
that a sample of 8,500 employees,
development strategies. Giving
employees find the path they have
the dis-empowered workers were
employees the authority to work
been looking for while working in the
ranked at only 23% w.r.t. employee
creatively and demonstrate abilities
company. Furthermore, encourages
engagement. While on the contrary,
for the purpose of shared goals
them to be a key solution provider
the empowered colleagues displayed
always is a positive upbringing. This
while demonstrating their true skills
better engagement levels, i.e. 82%.
is primarily not only in their style of
and abilities. To demonstrate your
These results clearly showed that
working, but it highly and deeply
creative insights in the company, its
empowering employees and making
helps them realize that they are a
best to highlight your skills, abilities
them more confident can generate
part of the company.
and strengths and show them in the
results higher than 80% employee
light of the trust and confidence given
engagement levels. Without employ-
by your company as a token of
ee engagement, the performances
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MBE BUSINESS MAGAZINE OCTOBER 2021
W W W. M B E F O RYOU. C O M
attached with employees are not that satisfactory for the
THE POWER OF AUTHORITY:
company in terms of generating success.
While we move ahead with deeper insights into employee
BEING A SOLUTION PROVIDER:
empowerment & employee ownership. There is a realization factor regards to the powers associated with authority in a
The goal of the company while grooming their employees for
company. It is not only something that an employee enjoys
success should be to develop in them diverse skills and
apart from the role. However, at the same time it triggers
abilities. In this particular area, being a solution provider is
more ownership in employees. The power of authority gives
one of the most useful skill that employees can develop in
the employees the right to think with more emotional values
themselves through employee empowerment & ownership.
for the company.
Other benefits that are deeply associated with employee empowerment in light of being a solution provider are;
It further triggers in the employees emotional intelligence
1. Greater trust in leadership;
which is much needed to move ahead in the goal hierarchies.
2. Encourage employee motivation;
The emotional values attached with power of authority and
3. Foster greater creativity, and
ownership always makes employees realize their sustainable
4. Improve employee retention.
values attached with the company goals.
DEMONSTRATING VALUES OF TRUST: The motto behind employee empowerment & ownership are
IMPROVES CREATIVITY LEVELS & HELPS THINK OUT OF THE BOX:
values that revolves around the trust factor. Triggers employ-
According to a report from Harvard, the leaders who were
ee ownership values in higher ways as the trust factor shows
perceived as empowering had direct reports who were more
the levels of commitments associated with employees while
likely rated by their colleagues as highly creative. As far as
getting to their goals. In fact, the employee goals are merged
behavioral study experts and psychologists believed that
with the goals of the firm for the purpose of achieving shared
empowered individuals were far more committed towards
goals and success for the company. Trust also deepens the
meaningful goals and used their creativity more & more to
reliance factor that a company shows on their employees.
achieve them.
Thus, making them realize more and more that they are bound to be the leaders of change in the hierarchies.
EMPLOYEE EMPOWERMENT’
THE ROLE OF COMPANIES REGARDS TO EMPLOYEE EMPOWERMENT STRATEGIES:
Employee empowerment improves creativity and business intelligence at the same time while being a key member of the family. It not only brings in employees the sense of ownership, but also the sense of commitment and responsibil-
It highly depends on the companies how they must behave
ity that makes them think out of the box. It further triggers the
regarding the employee empowerment strategies. They must
deep realization in employees that their need is there for
give employees a voice by regularly soliciting and acting on
more than one reason, and the main one is change. How
their feedback. Companies, especially MNC’s should provide
they can be a source of change in the hierarchies and what
opportunities for employees to grow through more autonomy,
makes them become successful change agents.
additional responsibilities and maybe even a fresh role. There must be higher level of recognition and at a much higher frequency for the sole aim of increasing employee engagement and confidence & trust in abilities. Finally, provide the employees with the tools, training & the authority that is much needed in the company to excel.
W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
49
(HONS), B.L, LL.M, OLUBUNMI LL.B BARRISTER, SOLICTOR & NOTARY NPUBLIC OGUNNIYI
FisNhD A Chips Tel: (905) 655-5544 Address: 67 Baldwin St. N Brooklin, ON L1M 1A3 Website: www.stanleysfishandchips.com
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MBE BUSINESS MAGAZINE OCTOBER 2021
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‘WASTE MANAGEMENT & SUSTAINABILITY IN CANADIAN CITIES’ DMM DEPARTMENT MB Enterprises
The sustainability factor in Canadian
ment facilities in Canadian cities
eco-friendly approach towards waste
cities is improving on a daily basis
towards sustainability. Albertan cities
management. The core objective of
and a huge credit goes to the waste
which includes Edmonton, under the
the different city management and
management practices. The impor-
supervision and guidance of North
mayors is alignment of Canada’s
tance of best practices in waste
America’s waste management
waste management services to urban
management are indeed the need of
practices are the ones that continu-
development in cities with sustainabili-
the modern era. Ironically, as Canada
ously invest in the environment and
ty.
has moved up the ladder in waste
goals to conserve it as highlighted by
management & green practices. It is
the relevant stakeholders. These and
ranked amongst the world’s top 30
other cities like these strive daily to
SUSTAINABLE PARTNERSHIPS FOR IMPROVED MEASURES:
most environmentally sustainable
achieve and help other organizations
Sustainability is an agenda of the
countries according to the stats from
in reaching their sustainability targets.
Canadian Govt. along with their North
United Nations Environmental
These are targets that are based
American neighbors United States
Performance Index. The UN’s
from zero waste living to decreasing
regards to environmental practices
Environmental Performance index is
greenhouse gas emissions.
and going green. Getting along with the green agenda and bringing
a measurement of a country’s performance regards to the environ-
Canada’s cities especially the most
sustainable measures needs sustaina-
mental activities which includes all
environmentally non-friendly and in
ble partnerships with organizations.
environmental practices that are
collaboration with sustainability-driv-
WMS or Waste Management
common in the industry.
en organizations that are offering
Services partners with organizations
convenient waste disposal services to
like GreenBiz. The organization
A huge contribution to these statistics
the Canadian citizens. Furthermore,
GreenBiz hosts annual conferences
are the efforts of the waste manage-
the cities are also taking an
for the global sustainability leaders
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for the sake of discussing profitable business plans with
GO-GREEN GO SUSTAINABLE:
higher environmental consciousness. Waste management is
‘Go-Green and Go Sustainable’ is the new norm and new
the agenda that is discussed most for bringing improved
agenda of the developed world. Especially, regards to the
measures in the field of improving WMS or waste manage-
consciousness levels sustainability is highly demanded while
ment services w.r.t. every deserving city in Canada.
‘GOING-GREEN’ as a symbol that demonstrates green practices in place. Not only in relation to waste management,
The certification or standard, i.e. ‘Zero Waste to Landfill’
however, also with regards to other green practices that
offers huge credibility to the company as well as aims highly
includes saving energy, reducing carbon emissions and other
for bigger sustainable objectives. It further ensures that
sustainability targets. Also, includes reducing use of plastic
action is being taken by businesses to ‘Go Green’. This is
bags for shopping and proper utilization of resources.
true for established businesses & companies such as
Re-usability of plastic bags with symbols and messages for
Starbucks, McDonald’s & KFC as well as those businesses
the climate, an effort that is actively taking place in the
who have just started but are termed as emerging compa-
Canadian retail sector.
nies. The collaborations of Waste Management Services, i.e. WMS and GreenBiz along with few other partnerships from
‘Go-Green’ is not only a slogan of the developed world, but
WMS are already successful in setting up a decent example.
also an awareness campaign amongst the youth and
These are due to the everlasting efforts of making business-
business owners to be practically aware of the effects of
es more environmentally conscious in terms of the practices.
climate change.
The role of these partnerships is critical in creating awareness amongst the people as to what are the best practices needed regards to waste management and ‘Going Green’. Canada’s city Vancouver, the largest city in British Columbia ranks number three in sustainability amongst the cities of North America and ranks Top 30 in the list worldwide. This is ironic as the city has set a massive example in terms of the sustainable activities undertaken in Vancouver.
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‘Customer Satisfaction & Its Vital Measuring Metrics & Tools For Improvements’
DMM DEPARTMENT MB Enterprises
Customer satisfaction is found to be one of the most impor-
a fashion statement or the latest trends. However, basically it
tant elements in any field of business, retail, services industry
is something that is most in demand as according to custom-
or any other customer oriented sector. It has deep values
er feedbacks and their opinions. Customer opinions matter for
involved with customer satisfaction levels and a number of
the most important people, decision makers and those for
ways that customer satisfaction is measured and evaluated.
whom opinions matter a lot strategically in terms of future
Customer feedback holds values of success for companies
business prospects. For some companies it’s all about
irrespective of their size. However, what’s more important is
minimizing complaints and formulating a strategy where
how the feedback is generated, i.e. either in form of question-
complaints matter in terms of the various ways to generate
naires, surveys, or interviews. The goal is to find customer’s
opinions.
feedback for better decision making and implementation of future plans & strategies.
Values and aspects that relates to customer satisfaction includes interactions with customers, customer’s perceptions,
Customer service is a field in the retail industry that eagerly
interactions and thoughts about a business and many other
and sensitively works for customer satisfaction values and
ways to generate customer feedback. Therefore, a feedback
finding out what suits the customer’s best regards to the
system is the best way to know what opinions customers hold
demands and trends. What most customers think about a
regarding a product or a set of services. Pie charts, Bar
product, or a brand can be termed popularly as a trendsetter,
Charts and Histograms are the best statistical measure of
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evaluating what percentage or numbers of customers are
tion. While you are successful in understanding your current
more inclined towards.
status on customer satisfaction, you should be confident that
WHY CUSTOMER SATISFACTION IS A MATTER OF GREAT CONCERN? It is indeed a matter of great concern as it holds huge
you will achieve what you want. Just because you are eager to know the truth regards to your image with the customers and their respectable feedback is highly important in your eyes.
reliance towards the trends analysis and likes associated. Those customers who develop attitudinal brand loyalty are
The best thing is to close the loop with unhappy customers. A
found to be less price sensitive. This is primarily because they
dissatisfied customer can become an ardent promoter given
have more inclination towards the brand than the price
the right kind of communication and action. This is through
associated with it. Their like patterns are connected with
listening and setting the issue right, you have the potential to
emotional brand values, also known as ‘brand loyalty’ or
create a positive bond in place of a disappointing memory.
having ‘brand consciousness levels’. These customers are
Identifying the key drivers of satisfaction helps a great deal in
the ones who are ready to give the price for their brand in
improving values of customer satisfaction. There are plenty of
terms of many other associated aspects.
factors that are involved into making up customer satisfaction, however, not all are equal. Therefore, using a tool like
Highly satisfied customers are into the habit of promotional
Qualtrics PredictiQ, one can easily identify which are the
strategies for a brand through ‘word of mouth’ marketing. This
elements that matter most in creating customer satisfaction.
is via telling friends and family about the brand and why they
Thus, eventually helps in analyzing and weighing your
love it or any particular experience that was worth mention-
investments and improvements accordingly.
ing.
IMPROVING CUSTOMER SATISFACTION: Through the usage of various metrics for the purpose of tracking and monitoring customer satisfaction. It’s ironic that you are already on the way for improving customer satisfac-
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SYED MANSOOR ALI NAQVI
AUTOBIOGRAPHY
The Autobiography of Mr. Syed Mansoor Naqvi, The man who made it possible just with a vision and a dream in his eyes.
“As a mentor a person gets paramount importance from their
followers, but success comes from true following & demonstration of work.
MENTOR –CHAPTER 11”
“A Successful Canadian Entrepreneur”
HAPPY THANKSGIVING DAY CANADA –11th OCTOBER 2021
DMM DEPARTMENT MB Enterprises
all the countries that celebrate this day. Some of the countries
VALUES ATTACHED TO CANADA- ‘RELIANCE IS ON THE TRUST’:
celebrate the day in form of a public holiday. While not all the
A country that holds huge tourism values due to its natural
countries where this day is celebrated is in form of a public
beauty and gorgeous scenic beauty, e.g. the Niagara Falls,
holiday. However, the objective is the same in all the
near Toronto. It’s a country which is covered in almost 38%
countries, i.e. being thankful of being the resident of the
forest land of total area and is a land of many natural resourc-
country, while enjoying the environment & values it holds for
es that makes Canada a unique country. The residents of
the residents.
Canada celebrates and adores its beauty elements on the
Thanksgiving Day holds vital significance levels attached to
Thanksgiving Day while giving thanks to all the blessings and In Canada, the day is followed on the second Monday of
bounties. Values of patriotism are clearly evident in form of
October, and the date that it will be observed this year is 11th
cultural and national celebrations. This is in addition to the
October 2021.
values of globalization in form of immigrations and being a
WHAT IS THANKSGIVING DAY?
country full of international students coming every year. Canada has moved up fast in the tier of USA, UK and
The moto of celebrating Thanksgiving Day is solely for the
Australia in terms of annual migrations and people arriving to
purpose of being thankful for the economic prosperity of a
Canada as international students. A new dimension of being
country and its cultural heritage and all the background
thankful to the economic values of living & earning in
values attached. Similarly, Canadians are thankful on this
Canada.
prestigious day for their country and all the blessings of the great land that Canada is. This is thanksgiving for Canada’s
As far as the employment opportunities are concerned,
economic values, social values, tourism values as well as
Canada stands tall in terms of values of work life balance and
values attached to business & finance. This is apart from the
employment opportunities in many diverse sectors nation-
international trade and commerce activities that Canada is
wide. Thus, yet another good reason for the people and
symbolically attached with. Being a country that is in the list of
immigrants of Canada to celebrate the Thanksgiving Day with
most prosperous nations as well as in the list of one of the
increased passion and pride every year.
peaceful nations Canada is moving up in the ranks every second day. Thanksgiving aligns the mission of the people of
THE MESSAGE IS ‘PATRIOTISM’:
Canada along with the world that it is moving ahead in terms
True values of ‘Patriotism’ & being patriotic for the country are
of all key elements that relates to economic prosperity, which
attached with values of thankfulness on the Thanksgiving
is key.
Day. In Canada the observance is in form of a national holiday on the 11th of October this year. Its quiet natural to
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57
hold values of patriotism for your country, however, being
variations on the meal. This means different meals celebrated
thankful apart from having the needed patriotism is an added
in different provinces and territories of Canada. As an
zeal for the citizens of the country.
example we can say that instead of the Pumpkin Pie, the people from Newfoundland on this day would prefer Frobish-
For a country like Canada having the power of democracy
er’s original feast and serve jigs dinner which is a boiled meat
and power of freedom is an established attitude of being
dish often paired with a split-pea pudding.
thankful. An attribute that is vital for the common man who has the right to vote and elect his/her own democratic leader.
The observance is in form of a holidays as most Govt. offices are found closed. The public transport are more likely to run
OBSERVANCE & CELEBRATIONS IN CANADA:
on a holiday schedule or a Sunday timetable. The banks are
The Thanksgiving Day became an officially recognized
found to be closed along with the Toronto Stock Exchange.
holiday in Canada in the year 1879. This date, i.e. second
The provinces in which Thanksgiving Day is not observed as
Monday in October is falling on the 11th October this year.
an official holiday includes New Brunswick, Nova Scotia and
The date has moved around plenty of times before getting
Prince Edward Island.
settled for the final time on its current observance date in the year 1957. The day is celebrated in form of gatherings with the loved ones and in preparation of the Thanksgiving Day meal. The meal includes traditionally Turkey, mashed potatoes, stuffing, cranberry sauce and many other dishes, with regional
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‘HOW POS SYSTEMS CAN BRING MASSIVE IMPROVEMENTS DMM DEPARTMENT IN RETAIL MARKETING?’ MB Enterprises
Retail marketing & merchandising is one of the most
efficiency in POS systems with every transaction that’s worth
distinguished forms of modern day branding. It is highly
the difference.
critical in ways in which branding strategies are evaluated and Sale systems are yet another way in which retail marketing
CUSTOMER NEEDS AS PART OF EFFECTIVE RETAIL MARKETING STRATEGIES:
and branding is redefined in modern day formats. It is found
The customer needs regards to POS systems & as part of
to be an absolutely new focus towards modern retail market-
effective retail marketing strategies have increased. This is
ing where POS plays a significant and a catalytic role. A role
directly due to increase in customer’s expectations and what
that redefines PCI i.e. payments card industry to its optimum
they want from the retailers. This is not only in terms of
and much more securer levels.
payments security & safety, but also regards to how customer
segmented to marketing a brand forward. POS or Point of
needs are increasing every day. Obviously, regards to time Your bank details are now in safe hands and improvements in
saving, critical data handling & finally data protection.
POS systems strategy is bringing it closer to the needs of the
According to an anonymous survey from a non-highlighted
modern retail environment. Retail marketing & the POS
retail sector, most customers especially those in online
revolves heavily around wireless payments, safety & security,
shopping are looking towards ‘peace of mind’ factor more
transaction security & better handling & bringing new
often as regards to transaction security.
dimensions in retail sector. Furthermore, brings branding at much improved levels, while improving product marketing as well. Thus, the label that connects more vitally is bringing
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HOW POS SYSTEMS GIVES THE RETAILERS A COMPETITIVE EDGE?
boost towards the emotional intelligence aspects that are
POS systems are effective enough to give the retailers a
customers feel good in terms of the ‘Peace of Mind’ as POS
huge competitive edge and a competitive advantage that is
are a highly safe and secure form of payments.
linked with the customers. More importantly, also makes the
their biggest need. This is in terms of the discounts & the online perks that are offered to shoppers and customers
Why ‘Peace of Mind’ matters a huge deal for customers in
while using the POS with their credit or debit cards. Also,
retail marketing, is all concerned with the variable psycholo-
includes vouchers and gifts that are an added advantage for
gies of different customers. However, it is observed in most
the consumers of the payments card industry. Apart from
cases that most customers in retail industry want the true
these advantages are an added competitive advantage, i.e.
value of their spending. POS systems gives a valuable boost
improved customer satisfaction which is achieved after
to the customers in terms of their spending with faster and
gaining the effective payments edge. The better handling of
securer payments & improved customer handling.
consumer’s details is an improved measure in transparency and thus is a useful element in gaining the competitive edge much needed. Competitive edge in terms of much improved business operations means better foot-traffic in the retail sector automatically making waves of change in retail marketing. Furthermore, POS is a useful segment for retail marketing as it brings vital enhancements in the retailer’s business strategy. A strategy that needs revising every-now-and-then due to the rising expectations of the customers in the retail sector.
ENHANCEMENTS IN RETAILER’S BUSINESS STRATEGY THROUGH POS: POS systems are a huge source of bringing enhancements in the retailer’s business strategy and helps in improving the creative marketing elements. It automatically gives a massive
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Retail Merchant Association /MBBP Members
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ESS 20160620
‘HOME INSPECTIONS & THE IMPORTANCE LEVELS BEFORE PURCHASING DIGITAL MEDIA MARKETING A PROPERTY’ MB Enterprises
Before going forward with a property
apart from the good things it has to
It is considered as a recommendation
purchase, it is considered best to
offer you as a competent buyer. It is
in almost all the Canadian provinces
conduct a home inspection along with
seldom that a home purchase
as the wear and tear and all the rest
the property agents and home
decision changes once you have
of the things needs to be inspected
experts, i.e. certified inspectors. This
found yourself satisfied with the home
irrespective of the property type. For
is a vital part of the procedures before
purchase and what features you want
all sort of fresh constructions, a
purchasing a home or taking the
in your ideal home.
pre-purchase inspection is highly
property as a rental accommodation.
recommended even if those are covered by a new home warranty. In a
something that counts vitally in terms
A PRE-PURCHASE HOME INSPECTION FOR AN IDEAL HOME:
of the importance levels before
A Pre-Purchase home inspection is an
available in the Provinces of Ontario,
making a purchase. A purchase
inspection conducted thoroughly
Alberta, British Columbia and
decision holds many things for the
before buying a home with all its ups
Quebec.
buyer in terms of peace of mind,
and downs and making a decision for
decision making according to the
an ideal home purchase. Everything
Usually, the inspection report or a
requirements & a perfect place to live
that is visible to the building inspector,
Pre-Purchase inspection report as it is
just the way you have been dreaming.
both inside and outside the home. It
known formally must contain key
A home inspection or a Pre-Purchase
isn’t necessarily required for the
details for the home. These includes,
home inspection is always worthwhile
purpose of obtaining a mortgage loan,
detailed observations on the
in terms of getting to know the ups
however, it can easily help you avoid
conditions of the property, details on
and downs attached with the home
costly headaches.
any defects, necessary works,
Most of the time, a home inspection is
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country like Canada, the warranty is
W W W. M B E F O RYOU. C O M
possible water infiltration and suspicious odors. These can be in terms of photographic evidences of the premises.
BENEFITS OF CONDUCTING A PRE-PURCHASE HOME INSPECTION:
WHAT IS THE BEST TIME TO DO A PRE-PURCHASE HOME INSPECTION? A pre-purchase home inspection as the name suggests is performed in the initial stages of the purchase. As there are many steps involved in buying a property, i.e. applying for
As discussed briefly earlier, a pre-purchase home inspection
mortgage pre-approval, visiting homes, submitting an offer
holds huge number of benefits that are useful while making a
etc. The inspection part takes place after you have submitted
home purchase decision. It gives you a better understanding
an offer to purchase and the offer has been readily accepted
of the asset that you are about to buy. A property purchase
by the sellers. The timeframe for the inspection and the
for many people, i.e. most people is a major decision that is
declaration of your satisfaction of the key findings is usually
considered as a life time decision. It truly holds many values
indicated in the offer to purchase. Hence, in case of delay of
and considerations apart from the emotional aspects that in
several months between inspection and date of ownership
most cases are not required. It helps you gain more knowl-
transfer the contract can change. You can add a clause that is
edge about your home and helps you avoid any nasty
requiring a second inspection, a few days before ownership is
surprises in the future.
transferred to you. Basically, because of the delays, the home conditions can change in the middle. This is usually done to
Apart from these reasons, it helps in limiting the risks related
make sure that there aren’t any major changes in the state of
to any possible latent defects. Having the services of a
the home, but in case if there are. Therefore, as a buyer you
certified inspector before making a home purchase decision
can cancel the transaction with a valid reason.
protects the buyer from certain kinds of wrongdoings. As an but later found by the buyer can be a contradiction with the
PRE-PURCHASE HOME INSPECTIONS & THE ‘PEACE OF MIND’ ELEMENT:
inspection report provided by the inspector. Hence, in that
A pre-purchase home inspection holds massive values in
case the buyer has the right to take all the possible action in
terms of the ‘Peace of Mind’ elements attached with the
case of any missed or an accessible defect. These benefits of
buyer’s satisfaction levels. Without any doubt it is one of the
a pre-purchase decision always helps in buying a decent
most important decisions of one’s life and for many people it
home having all the sustainable factors that are required for a
can be termed as their ‘Life-Line’ decision. Thus, peace of
good purchase in Canada.
mind factor can’t be ignored in any possible case and holds
example we can say that anything missed by the inspector
vital elements for both parties and all stakeholders involved in the transaction.
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Get Your Credit in Tip-Top Shape ENTREPRENEUR.COM Even just understanding what's going on with your credit score can give you a leg up.
in-demand credit cards comes down to your credit score. Whether your credit score is in desperate need of resuscita-
While credit card companies were flexible and accommodat-
tion or could just benefit from some TLC, it’s recommended to
ing during the peak of the pandemic, one thing is for certain:
follow these tips to access as much business credit as you
Most credit scores suffered a blow as the result of decreased
need. 2021, as a rebound year, requires freedom, and the
earnings. As many businesses and entrepreneurs are
more business credit you can access, the more freedom
scrambling for more financial wiggle room to rebound this
you’ll feel in your business and personal finance.
year, it’s time to look to business credit as a way to access more financial leverage. The average business credit limit is
Assess your current standing
usually around triple one’s personal credit limit, and many
First, it’s important to take stock of how the pandemic affected
credit cards provide point benefits for restaurants, travel and
your credit score. You may have stayed on top of all of your
other savings. So, it’s a win-win to assess your current credit,
bills and expenses, but suffered a drop in credit score
start the repair process and take advantage of the most
because of decisions made by your credit card company.
consumer-centric business credit cards.
Some consumers saw their credit score take a knock because their credit card companies halved their credit limits
Even just understanding what’s going on with your credit
to protect themselves from increased liability.
score can give you a leg up. A survey reported that “small business owners who understand their business credit scores
Your credit score also may have surprisingly risen over the
are 41% more likely to be approved when they apply for a
pandemic. Mass panic made security a top priority, which
bank loan.” The extent to which you can take advantage of
means many cut back on spending dramatically, in fear of
business credit and the perks associated with these
losing their job or stable income. If your credit score is at an all-time high, now is a good time to think through how you can sustain this and take advantage of it moving forward. You can’t fully assess your current standing without evaluating the context. Credit report companies have different meters of what is a "good" business credit score. According to Card Fellow, a 90+ score is "good" for Equifax, 80+ is "good" for Dun & Bradstreet, 76+ is "good" for Experian, and a score of 140+ is preferred for FICO SBSS. Because of these differing marks, consider digging into what credit report services your ideal credit card company uses. Note: It’s usually FICO, and it’s best to aim high anyway.
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Evaluate your credit report
Tips for repairing your credit
Beyond assessing your current standing, it’s important to dig
Beyond evaluating your current condition and ensuring
deeper and be investigative about your credit report. A chilling
everything is up to date, consider what you can do financially
statistic is that “Seventy-nine percent of all credit reports
to pay back all lenders. If all debt has already been paid, it’s a
actually contain errors, and these aren’t just typos.
simple matter of your habits. Pay bills immediately, and be
Twenty-five percent of those errors can cause a consumer to
cognizant of how much of your credit line you are currently
be denied credit.”
using.
In other words, your credit report might not be as factually
If you have a tremendous amount of debt that is driving your
accurate as you assume it to be. And, since credit card
credit score down, consider consolidating your debt. This will
companies or lenders run your credit before approving you,
help you stay on top of payments by reducing the interest on
that means they may be looking at false information, and
top of the credit card debt. Many fall into a cycle of only being
denying you credit or severely reducing your credit limit as a
able to pay the interest and a sliver of the debt, which keeps
result.
them stuck, and keeps their credit score sinking.
Anyone who hasn’t done so already to print their credit report
Luckily, because of last year and its continued impacts, there
and go through every detail thoroughly, verifying that
is more forgiveness and leeway than usual. Take advantage
everything the report says is accurate. “It’s likely that there are
of this not by continuing to push off payments, but by using
one or two mistakes that can be easily fixed by contacting the
quarter one of this year to revive your credit score and take
credit report company“. Make sure to do this before applying
advantage of the business credit options out there. This is a
for credit.”
repair year for everyone, and it starts with your credit score
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WHERE BENEFITS MEET REWARD
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FREE PERSONAL ANNUAL TAX RETURN
ATM
pERSONAL aCCOUNITNG
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MORTGAGE & BUSINESS
REAL ESTATE
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to earn an immediate reward of $15. Earn further points by
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EXCLUSIVE OFFER: Sign up for mbbp/rma today and receive an absolutely free evaluation of your insurance policy and resp for your children without any obligation. New mbbp/rma members will also receive 1000 mbbp points upon any purchase. Let mbbp/rma help you get your ideal insurance policy today!
Address: 104-100 Dynamic Drive Toronto, ON M1V 5C4 Email: insurance@mbeforyou.com Website: insurance.mbeforyou.com
MBE BUSINESS MAGAZINE OCTOBER 2021
Tel: 1-866-667-1377 Fax: 1-866-204-6888 Toll Free: 1-647-832-7265
BACK OFFICE MAIL & PHONE
IN-STORE
MOBILE
VX670 or VX820
IWL220 Bluetooth
PAX S90 Wireless
Virtual Merchant
PAX S80 Terminal
Mobile Pay Plus
$29.29 Rental/Month, Debit 0.04cents, User Free 80/20, Batch Close $0.0
$30 Rental per month
$19.99 Rental/month, Debit 0.05 cents Visa/Master 1.59%, N-Qualified 0.30%
(with Mobile Swipper) $50 Purchase $15 Rent/month
IWL255 3G Wireless $32.99 Rental/month, Debit 0.06 cents Visa / Master 1.69, N-Qualified 0.064%
Phone: 1-844-894-7328
ICT250 Terminal $26.99 Rental/month, Debit 0.06 cents Visa/Master 1.61%, N-Qualified 0.49%
Website: www.greatpos.ca
GPRS $25.99 R/m | Debit 0.06 cents, Visa/Master 1.61% | S.Card $8.99
$229 Purchase $20 Rent/month
Exchange Program Change your Existing POS for a New One
Email: info@greatpos.ca
W W W. M B E F O RYOU. C O M
horoscopes
october 2021 libra September 23 - October 22 (Libra)
lives need to be enriched by music, art, and beautiful places
People born under the sign of Libra are peaceful, fair, and
they get a chance to visit.
they hate being alone. Partnership is very important for them, seeking someone with the ability to be the mirror to
Libra – The Measure of Our Souls The shortest myth of
themselves. These individuals are fascinated by balance and
them all seems to present a good analogy to the shortest
symmetry, they are in a constant chase for justice and
constellation in the sky, you might even say that it is non-ex-
equality, realizing through life that the only thing that should
istent, presented by the pliers of Scorpio. Libra is one dot of
be truly important to themselves in their own inner core of
balance in the sea of different extremes, manifested only
personality. This is someone ready to do nearly anything to
through the fifteenth degree of this magnificent sign, an
avoid conflict, keeping the peace whenever possible.
object among animals and people. There is something awfully insecure about Libra, as if they were unsure which
The sign of Libra is an Air sign, set between Gemini and
plate to burden next, aware that things pass and teach us to
Aquarius, giving these individuals constant mental stimuli,
be careful around other people. Whatever we do in our
strong intellect and a keen mind. They will be inspired by
lifetimes, only serves to point the way for our Souls towards
good books, insurmountable discussions and people who
that “higher power” to finally measure our existence. Telling
have a lot to say. Each Libra representative has to be careful
us where we went wrong or what we did right, Libras
when talking to other people, for when they are forced to
unconsciously teach us that true liberation hides in
decide about something that is coming their way, or to
lightness.
choose sides, they suddenly realize that they might be in the wrong place and surrounded by wrong people. No partner
Finding a compatible partner will be the main priority in the
should make them forget that they have their own opinion.
life of people born with their Sun in Libra. Once they start a romantic relationship, maintaining peace and harmony
Planet ruling the sign of Libra is Venus, making these people
become the most important thing and their primary goal.
great lovers but also fond of expensive, material things. Their
Their charming personality and their dedication to each
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MBE BUSINESS MAGAZINE OCTOBER 2021
67
relationship makes their compatibility with others satisfying,
bars too high, and choose friendships that make them feel
but that fallen Sun they have to heal often creates trouble in
superior to the person standing in front of them. Their nature
their emotional world.
makes them indecisive which is why they might show a lack of. Still, this won’t make them any less invested in their
Libra is the sign of marriage, making its representatives open
relationships when someone else takes the baton and shows
for traditional pathways of love. Even though the element of
interest in them. Tactful and calm, they can communicate
Air gives them a lot of flexibility, they will still feel the strong
through any problem if they want to, and will often help others
pull towards tradition and their desires will eventually turn to
understand the other side of their personal conflicts and
love put on paper, well-organized and serving a purpose to
trouble with other people.
create a certain image for the outer world. In a way, each Libra is in search of a partner who has the ability to set clear
Family – Born into a family that gave them a certain
boundaries, as if expecting to be protected by them but
weakness of the Sun, Libra can often transfer guilt between
without their pride being endangered in the process.
family members without even being aware of doing so. In constant search for harmony these individuals have a
This is a sign deeply connected to sexuality for Scorpio rises
tendency to agree with their parents and siblings only to
where it ends. They search for deep, meaningful relationship
avoid conflict, being the one to pull back when a challenge
and although they don’t have trouble relating with people they
comes their way. They need to nurture their personality and
aren’t really close to, the only true satisfaction in their love life
often turn to solitude only to discover their own point of view
comes from complete surrender of body and soul. It is the
among many. If they are well built and worked on their inner
gravity of Libra to share their entire life with someone, with a
sense of power, they discover ease in being a good parent
challenge to be independent and aware of their core personal-
and role model, ready to share everything they know with
ity at the same time.
their children.
Libra Friends And Family Friends – Libra representatives are highly social and put their friends in the limelight, but sometimes raise their expectation
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MBE BUSINESS MAGAZINE OCTOBER 2021
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JOIN RMA MBBP
CINEPLEX SAVE $4.00
ON EACH TICKET
VOUCHERS ARE GOOD AT ANY CINEPLEX OR AFFILIATED CINEPLEX LOCATIONS SAVING FROM $4.00 TO $14.00 ACROSS NORTH AMERICA
AND NEVER PAY FULL PRICE AGAIN FOR ALL YOUR MOVIE NEEDS
Address: 104-100 Dynamic Drive, Toronto, ON M1V 5C4
Tel: 1-855 (NOW-MBBP) 669-6227 Fax: 1-866 204-6888
Email: info@mbbpforyou.com Website: www.mbbpforyou.com
WE OFFER BOTH COMMERCIAL RESIDENTIAL
NEED A MORTGAGE? CONTACT : Amit Soni Mortgage Agent #M14001783 Call For Professional Mortgage Advice
W W W. M B E F O RYOU. C O M
Direct: 1 866-667-1377 Ext: 205 Email: mortgage@mbeforyou.com Web: www.mbeforyou.com
MBE BUSINESS MAGAZINE OCTOBER 2021
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Career Overview As a resort manager, your job will include managing all aspects of a resort, including lodging, food and beverage management, human resources, housekeeping, attractions, and guest services. You'll be in charge of employees, finances, customer service, promotions, and quality control. Resort managers often have to work nights and weekends, putting in long hours to ensure the success of their establishment. Job Description Includes duties in three major areas: Daily Operations, Finances, and Marketing Resources
|
Customer Service
|
Human
Daily Operations, Financial, and Marketing Duties Resort managers oversee product stocking, accounting, and marketing efforts at the resort. As a resort manager, you'll hire contractors to perform services, such as painting or plumbing. You'll ensure that all supplies, from housekeeping materials to furniture, are in good condition and in stock. You'll monitor payroll, customer billing, and expense accounts. Customer Service Resort managers ensure positive customer experiences by maintaining high-quality facilities and remedying problems. At the resort, you'll conduct room, kitchen, and grounds inspections to make sure that they are all up to code. You'll greet guests at arrival, create standards surveys, and find acceptable solutions to problems that may arise. Human Resources Responsibilities As a resort manager, you'll be in charge of hiring, training, and scheduling new staff members. You'll set goals for employees and help your staff achieve these goals. You might also have assistant managers who you'll work with to manage departments, such as housekeeping, dining, security, and desk personnel.
Contact: 4382 HWY # 60, RR#1 DWIGHT, ONTARIO P0A 1H0 CANADA 1-800-387-2244 stay@algonquininn.com
WE ARE HIRING!
RESORT MANAGER
WE ARE HIRING!
HEAD CHEF JOB REQUIREMENTS
THE SENATOR HOTEL
&CONFERENCE CENTRE
LANGUAGE: ENGLISH EXPERIENCE: FRESH ABILITY TO SUPERVISE: 5 TO 10 PEOPLE SKILLS: Maintain Records of Food Cost; Consumption; Sales & Inventor y ; Prepare & Cook Food on a Regular or for Special guests and Events; Meals and Speciality Foods; Train Staff in Preparation; Cooking & Handling of Foods; South Indian; International; Super vise Cook & other Kitchen Staff. WORK INFO: Room & Board Provided
HOW TO APPLY Email: gm@senatorhoteltimmins.ca Phone: (416)-918-1356 (12:00 PM to 05:00 PM) Mail: 14 Mountjoy Street, South Timmins, ON P4N 1S4 Note: Anyone who can legally work in Canada can APPLY for this job, If you are not currently authorized to work in Canada, The Employer will not consider your job application
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MBE BUSINESS MAGAZINE OCTOBER 2021
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INTEGRATED
TALECH
Works with Elavon’s processing services. Dedicated talech© support team is available 24/7 to help. Protect your business with data encryption. Accept payments from chip (EMV) cards. Accept payments from mobile wallets, including Apple Pay. Create product variations and define multiple prices/quantities.
talech© Point of Sale Solution
Designed for today’s small businesses, talech tablet based solution is easy-to-use and will help you manage your inventory, track sales and grow your business.
SMART TERMINAL
POYNT
Turnkey Solution Features a mobile and countertop credit card terminal, printer, signature pad, PIN pad and docking station.
Wireless freedom WiFi capabilities enables you to take the checkout (and tipping) to your customer, inside or outside your business.
Accept major payment types Process all payment types - contactless EMV cards, Interac and mobile payments such as Apple Pay®* (NFC) and many more...
Smart Terminal Solutions
Function meets form in a new breed of wireless terminal that delivers an exceptional guest experience. Poynt is an all-in-one smart device that looks great and gives both you and your guests a great view of every transaction.
MOBILE & ECOMMERCE Grow online sales across multiple channels worldwide. Widest variety of payment options available. Fit your needs and easily expand your global reach. Learn more about visitors of your online store. Help add value to your business. Ensure faster, uninterrupted online payment service.
Mobile & E-Commerce Solutions
E-Commerce is revolutionizing the market and giving businesses the opportunity to open up their doors to a global base of clients instead of operating only locally.
Address: 104-100 Dynamic Drive, Toronto, ON M1V5C4 Call: 1-866-667-1377 Fax: 1-866-204-6888 E-mail: pos@mbeforyou.com Web: pos.mbeforyou.com
E-Commerce
TECHNOLOGY TRENDS THAT WILL TRANSFORM THE INSURANCE INDUSTRY IN YEAR 2021
DMM DEPARTMENT MB Enterprises
In the year 2021 the trends in many sectors are diverting with
to the ease and convenience that are associated big time with
higher robustness towards the technology sector. This is
the involvement of technology with insurance leave alone
found to be relatively true for the insurance sector which
other financial sectors. Technology simply makes the use of
comprises of many diverse branches. These diverse branches
the insurance more reliable, and precise. Acknowledges the
includes Life Insurance, Mortgage Insurance, Business
different ways in which people want to make effective use of
Insurance, Travel Insurance, Auto Insurance, Health
insurance as a financial tool. The aim is although security in
Insurance, Home Insurance, & Commercial Insurance,
terms of the financial aspects, but also largely increases the
another type of business insurance. Also, includes rental
convenience factors as well.
insurance and other small & large insurance covers that are Thus, the involvement of the technology trends in the
MAKING A TRANSITION TOWARDS THE DIGITAL CHANNELS:
insurance sector is a massive testimony of the vital ingredi-
A transition towards the digital channels is seen as one of the
ents of insurance and its business needs. These are the
most common trends in the insurance industry that is on a
needs that are merged extensively with the economic values
role every passing day. Hence, the use of self-service digital
in Canada, while being a huge economic significance.
channels is also increasing mainly due to the ‘customer
important for the insurance sector worldwide and in Canada.
demand surges’. This will in return automatically increase the Insurance and technology is moving ahead at a fast pace,
adoption of the digital tools in the industry especially amongst
thus changing the trends in the insurance sector. This is due
the agents and the brokers.
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MBE BUSINESS MAGAZINE OCTOBER 2021
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A survey conducted last year between the European
writing. It rationally helps in producing much more accurate
Insurance Executives (EIE) revealed some vital facts that can
and precise reports in a far shorter time. As in the insurance
be useful in the next phase. Survey concluded that 88% of
world ‘Time is money’ and can’t be ignored even if it’s a day or
the respondents believed that they expect a rapid transition to
a week.
digitization in the world of Insurance. Examples includes the signatures and the medical underwriting and going increasing-
HOW CUSTOMIZED DIGITAL SERVICES ARE PROVIDED IN INSURANCE INDUSTRY:
ly digital. This is primarily with the help of legally binding
Customization these days is playing its role everywhere in
e-signs or e-signatures, face recognition, telemedicine and
every industry which is highly dependent on the customers.
other technologies.
The personalization features always gives the insurers a
products that may need to be run offline, for example physical
AUTOMATION & MACHINE LEARNING: The use of automata and machine learning is now common in
competitive advantage which is a huge reliance towards progress. It also helps significantly in analyzing the consumer’s needs.
the insurance industry as well. The AI software are used intelligently for analysis and fast results. It allows the insurers
The probability of selling the insurance policies increases
and the brokers to automate many aspects of the insurance
automatically by offering certain products to specific custom-
process. These includes risk assessments, identification of
ers on certain prices. Customization and automatic results
frauds, as well as underwriting. It can improve the efficiency
always helps a great deal in this selection as it is based on
levels and more importantly improves the accuracy in terms
historical data and past results. These can vary from person
of the results.
to person but the role of the technology trends will definitely transform the industry for a sustainable future.
Machine learning in digital insurance plays a massive part as it improves claims processing and can also be automated. According to an expert in digital insurance AI can significantly help the insurers improve the turnaround cycle of claims as well as instantly and radically change the process of under-
W W W. M B E F O RYOU. C O M
MBE BUSINESS MAGAZINE OCTOBER 2021
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3
MBE
inc.
YOUR SUCCESS IS OUR PASSION
Business Partners
Esso Save 3.5 Cents per litre on any type of fuel at any Esso gas station across Canada regardless of volume.
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For More Contact Us! Information
104-100 Dynamic Drive, Toronto, ON M1V 5C4 1-866-204-6888
1-855-669-6227 info@rmacanada.com
Contact Us: Address: 104-100 Dynamic Drive, Toll free: 1-866-667-1377 Email: info@mbeforyou.com Toronto, ON M1V 5C4 Website: www.mbeforyou.com Fax: 1-866-204-6888
JOINT VENTURE FINTECH SELECT / RMA CANADA
MBE
inc.
JOINT VENTURE
YOUR SUCCESS IS OUR PASSION
CORE BUSINESS
We are pleased to announce that RMA CANADA - a subsidiary of MB Enterprises, has signed an agreement with Fintech to launch their Selectcoin Crypto-currency Solution. Selectcoin is a card-based digital wallet solution that enables customers to buy and sell crypto-currency through a point-of-sale at a retail location.
Free Crypto enabled POS terminal with Free Display and Signage for retailers and merchants. Helping you is what we do.
Address: 104-100 Dynamic Drive,Toronto, ON M1V 5C4 For more details about Selectcoin, please visit : www.fintechselect.com/fintech-selectcoin/ To know more about us visit : www.rmacanada.com
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MBE BUSINESS MAGAZINE OCTOBER 2021
Tel: 1-866-677-1377 | Fax: 1-866-204-6888 E-mail: info@mbeforyou.com
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TERREQUITY REAL ESTATE SERVICES BROKERAGE INDEPENDENTLY OWNED & OPERATED
Helping you is what we do.
Opportunities
MAHMOOD NAQVI BROKER
SYED HASSAN BROKER
SALEEM AKTHAR
SALES REPRESENTATIVE
GULZAR KHAN
SALES REPRESENTATIVE
104-100 Dynamic Drive, Toronto, ON M1V 5C4 200 Consumers Road, Suite 100, Toronto, ON M2J 4R4 (416) 939-9378 (416) 497-5949 www.mansoornaqviteam.com
SYED BAQAR KAZEMI
SALES REPRESENTATIVE