Canadian sports-lovers and investors were listening last week as Canadian Tire announced its takeover of Calgary-based sports retailer Forzani’s Group Ltd. Realizing Canadian Tire stores had little to attract the 18-34-year-old consumer, and with US competitors like Dick’s Sporting Goods eying the Canadian market, company executives decided the best way to react to the changing market and remain competitive was through growth.
Growing is an important part of large business and small businesses alike. Entrepreneurs need to be able to ask themselves tough questions: when is the right time to grow? Does this growth support our strategy? Is it sustainable?
It’s difficult to find clear answers to these questions. When making important decisions about your business – related to growth or other changes – you can benefit from the knowledge and experience of your peers. Through our comprehensive Entrepeer program launching next month, CYBF is bringing you one step closer to your fellow entrepreneurs, mentors and business people. Find out more in the next Entrepeer newsletter.
Until next time,