As a series of workshops and sessions focused on relaunching and retaining businesses in rural Alberta wraps up, we are reflecting back on one of the most challenging periods for Small and Medium-sized Enterprises (SMEs).

As soon as the COVID-19 pandemic started, it quickly became apparent that SMEs would be one of the hardest hit groups from multiple lockdowns & loss of income.

Thus, the Building Business Resiliency project was born.

“Resilience is not about overcoming, but becoming.” – Sherri Mandell

One of the most profound impacts of the COVID-19 pandemic has been the loss of connection with others. For a group of small business coaches working in coal transition communities in Central and Eastern Alberta, the sudden end of in-person business visits and close connection with entrepreneurs was an early sign that many new startups and seasoned business owners were beginning to struggle with some of the invisible and often unspoken costs of the global health crisis.

“Recognizing that business owners can experience grief or loss was a crucial step to moving forward,” says Louise Jones, a Community Futures Small Business Advisor in East Central Alberta.

Louise and her colleagues described how small businesses were becoming fragmented and paralyzed. Business planning came to a halt, clients withdrew and stopped wanting to manage their next steps.

What began as a plan to provide small business support to women in remote and underserved parts of Alberta has sparked an effort to rethink the experience of female entrepreneurship.

Project Gazelle, created by Community Futures Lloydminster, is one of two projects in Alberta supported by the Government of Canada’s Women Entrepreneurship Strategy (WES), a national $2-billion investment that seeks to double the number of women-owned businesses by 2025.

Named after both the emerging business term for an agile and adaptable firm and the swift and tribal groupings of grassland animals, Gazelle took what has been an established process for small business development and deconstructed it to examine the many roadblocks women in Alberta face.

We are pleased to announce that Steve Upham, Reeve for the County of St. Paul, was the recipient of the Community Futures Alberta, Volunteer of the Year Award 2019 at our annual provincial conference in Grande Prairie.The award is presented to individuals who have shown outstanding and ongoing leadership and achievement in the Community Futures program.

Steve Upham has been involved with the Community Futures program for nine years, and his term as Chair of the Community Futures St. Paul-Smoky Lake Board of Directors is ending. During the presentation of the award, it was noted Steve has led with consideration and compassion, and that he understands the ‘beating heart’ of small communities and rural life.

As communities across central and eastern Alberta undergo an economic shift away from coal-fired power generation, the role of small business is at the forefront of building new opportunities and managing the recovery.

The transition is part of a Federal initiative to phase out coal-fired electricity by 2030. In Alberta, this means that 12 of the 18 coal-fired power plants will either shift away from coal or shut down over the next decade.  "A very ancient quote says, 'The only constant in life; is change' ", says Doray Veno, Executive Director of the Hanna Learning Centre. "But once you make internal peace with this concept, the opportunities are endless."

This is my first opportunity to share with you my thoughts, dreams, challenges, and ambitions, and I hope you will share back yours with me.

While new to the Community Futures Network of Alberta, I have been ‘in the field’ guiding local Community Futures offices and programs in Western Canada for more than 30 years.

The past decade has been remarkable. From the depths of recession, shifts in historic resource industries and natural disasters, to record population growth and the entry of new industries, one thing has remained unchanged: our approach to rural economic development.

Breaking down the Essentials

Wendy Holloway specializes in facilitating transformation in human behaviour using techniques in Applied Neuro-science, which she says work exceptionally well for clients that struggle with varying disabilities.

By finding ways to increase a client’s confidence, Wendy tries at the same time increasing their effectiveness and productivity in business growth.

Building a business can mean different things to different people but according to her, the essential elements remain the same and can be tackled very simplistically while still accomplishing the intention of a business plan.

Purpose-driven entrepreneurs are the backbone of healthy, diversified communities.

Starting a small business in a rural community is a lifestyle choice and can provide you the opportunity to follow your passion and find freedom and flexibility. Up until now, women, Indigenous, and young entrepreneurs have been underrepresented in the Canadian small business community.

At Community Futures, we are working to change this by supporting and inspiring a new wave of entrepreneurs. We are not a bank, and we believe every small business, regardless of size or impact, should have access to our purpose-built financing and training options.

Do you have a business idea that has been burning in the back of your mind?

The time is right to join the thousands of Albertans following their passion and finding opportunity in a rural small business community.

Here's a rundown of the most common mistakes that can prove detrimental to new entrepreneurs, and some solutions to help you in your business planning venture: