The COVID-19 pandemic is devastating on many fronts. trust the heaps of Canadians who've perished from this terrifying virus, the countless lost jobs, the increasing variety of company disasters and the endless intellectual stress.
there is real problem here.
I doubt any person's annual chance evaluation at the start of 2020 expected this type of profound enterprise disruption. regardless of the intense challenges, most entrepreneurs survived our "annus horribilis," however they crawled to its finish line.
As we enter 2021, let me make this admittedly superb and contrarian prediction.
devoid of discounting the real-world hardship created through COVID-19, the financial have an impact on of the pandemic could eventually be viewed as largely wonderful when it involves competitiveness.
I believe that's especially true in a metropolis reminiscent of Ottawa, which is solidly planted within the advantage-based financial system.
My greatest surprise in 2020 become the variety of enterprise leaders who, commonly privately, shared with me that they're experiencing checklist boom and profitability. It's both unbelievable and makes comprehensive feel.
look at Ottawa's private sector, somewhat dominated via its technology organisations – Shopify, Kinaxis, Ericsson, Nokia, Ciena, BlackBerry, Mitel and dozens of others. Let me put that another way: e-commerce, deliver chain, community options, 5G, autonomous vehicles and cloud communications. This sounds like a superior bet to me.
I'm now not forgetting about native suppliers of items and services.
in case you function a restaurant, boutique or health studio, your instant future is bleak. there's unfairness during this, given these groups may have neither estimated nor organized for a deadly disease and related pressured closures.
nevertheless, what number of restaurateurs and sellers are exploring new business fashions that could make them more resilient, more forward-searching and more profitable? Would these bold attempts at company innovation have took place with out an endemic?
right here is the fact. Even the most excellent CEOs have nagging business issues that go left out. These issues are sometimes complicated to solve and require a deep rethinking or restructuring of the company.
If necessity is the mother of invention, hassle is the kick in the ass that many enterprise operators should make complicated choices and evolve.
I join the multitudes in cursing COVID-19, but I recognize it might bring huge first rate during this narrowest sense.
As we go with the flow right into a iciness of discontent, a whole lot of entrepreneurs are steeling their nerves, pooling their capital and preparing to make use of the pandemic as a springboard to more advantageous corporations and a stronger local economic system.
In a devastating year for so many local corporations, Ottawa's tech sector provided a ray of light.
whereas the pandemic ravaged the economic system and took a horrific toll on lives and livelihoods in 2020, the innovators who had been an engine of increase for one of the most capital's most critical industries persisted to show their mettle.
With a new 12 months underway, OBJ's iciness newsmagazine takes a more in-depth study four enterprises which have what it takes to scale up to a new stage over the subsequent one year because the economic climate continues to grapple with the coronavirus and starts off to take tentative steps toward the post-pandemic fact.
other facets during this problem:
Plus: Caroline Phillips' OBJ.social insurance, a rundown of desirable Ottawa executives on the move and a story of 2nd chances in company.
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