Month: January 2021

Sara Bentham
January 13, 2021

HBEC and the 2020 Manufacturer's Forum

We are proud to have been part of the 5th annual Manufacturer's Forum that was held virtually on Nov 17. Topics discussed included emerging trends, manufacturing in Canada, and celebrating the resilience of Simcoe County. This year has been challenging, but this forum was a productive way to col[...]
Dr. Mira Ray
January 13, 2021

Finding Innovation in Crisis

Throughout history, innovation shined during times of crisis. Great need creates great solutions, and this pandemic is no different! Business and entrepreneurship is all about finding creative ways to solve those problems. This article features some fantastic examples of how businesses have adapted [...]
Sara Bentham
January 13, 2021

Many successful entrepreneurs can tell you that their first few business ideas or projects failed. What's important is learning through that process and finding new ways to succeed. The CEO of Instacart is a fantastic example of that, and he shared his story with Entrepreneur. What you might see as failure is just a stepping …

The One Thing Instacart's Now-Billionaire CEO Changed After 20 Failed Startup Ideas

Many successful entrepreneurs can tell you that their first few business ideas or projects failed. What's important is learning through that process and finding new ways to succeed. The CEO of Instacart is a fantastic example ofIn addition to overcoming bleak statistics  – 20% of businesses fail in the first year and 50% fail within five years –  being a startup founder requires passion, drive and a good deal of trial and error.Mehta had extensively studied the success and failure of Webvan, a grocery delivery compa[...] - via Nick Wolny @ entrepreneur.com
Dr. Mira Ray
January 13, 2021

Investing in R&D can seem hard to justify – we get it. However, as the Harvard Business Review said, there really aren't alternatives. Any company that values innovation and progress needs to be putting their resources into those goals. There is absolutely a mutually beneficial relationship between the large businesses funding this and the opportunities …

There’s No Good Alternative to Investing in R&D

Investing in R&D can seem hard to justify – we get it. However, as the Harvard Business Review said, there really aren't alternatives. Any company that values innovation and progress needs to be putting their resourcesCompanies with more than 500 employees not only do 5.75 times more R&D than small companies, but their R&D is 13% more productive — meaning large firms are the real engine of economic growth.Similarly, the probability of small company success is low: On average, only 25% of venture capital–backe[...] - via Harvard Business Review @ hbr.org
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