I was at an interesting meeting this morning with the local Chamber of Commerce. The discussion was on the recent change in law which is going to increase the minimum wage level in our province.
The initial reaction would seem to be catastrophic...sky is falling type of things. But for this group it was an acceptance of the change and dealing with it..in a professional and proactive basis. Head on..no sticking our heads in the mud.
The conversation was amazing. It was all about how can we help small business with this change rather than fight the change. You see it is already in place.
Here's the real neat thing that resulted...the help that was suggested was not about simply raising prices to offset the raise in wage, which anybody can do...that just causes inflation and havoc for all. Nooooooo..this group was all about helping businesses become more productive with the resources they have. Become more efficient...helping business to sell more at the existing prices. And yes..become more focused on promoting a positive working environment to retain staff....who might stay for less mnoney if they were given something decent like respect and appreciation and time to go home to their kids if they was sick.
It was fun listening to the ideas...as an entrepreneur. It was invigorating listening to the ideas....as an entrepreneur. Because ultimately it was all about making business stronger through establishing more solid long term foundations rather than simply short term solutions!
Oh..and what will come of all this positive focus...more sales, less expenses and thus higher wages so we don;t have to worry about this again when the provincial government decides to implement this again because they can;t figure out how to help small business like what the Chamber of Commerce is doing.
Way ta go Fredericton Chamber of Commerce.!!!
Here's to your success!
- Rivers Corbett
- Rivers Corbett, MBA is an award winning entrepreneur, speaker, and author of "13 Fears of Entrepreneurs" He has received numerous business honors including Entrepreneur of the Year, Canada's Hottest Start-ups List and Canada's Fastest Growing Companies list through Profit magazine and most recently recognized as one of Canada's 10 Mentor RockStars.. Rivers is presently a member of Startup Canada's National Advisory Council, founding entrepreneur of StartUP Fredericton & the "Entrepreneur in Residence" at the University of New Brunswick. His real joy and expertise is being a StartUP Advisor and "zagging while everyone else zigs"...like his two newest businesses ventures the Relish Gourmet Burgers restaurant chain and TheRockStar StartUP for StartUP entrepreneurs. Oh... he is also the leader of a team of over 25 chefs through his other company The Chef Group. Not bad for a guy who hates to cook. Always looking for a new idea to help businesses' succeed...this is his newest marketing discovery for StartUPs The Lyoness Advantage. "Rivers is a 21st century entrepreneur, he's the one to watch" - Jim Gilbert: Canada's Huggable Car Dealer!