Dan Pink’s enlightening talk on motivation

At GoForth, we’ve been enthralled by this video illustrating Dan Pink’s TED talk on what motivates us:

Not to ruin the ending, but as providers of entrepreneurial education – and entrepreneurs ourselves – we love the idea that money isn’t necessarily the best motivator in the workplace. This is great news for small business owners – save your money! Favour purpose over profit and get creative with ways to inspire your employees!

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What is microfinance?

In this month’s GoForth Institute newsletter, we’re answering the question, what is microfinance?

Basically, microfinance (also called microcredit or microlending) is a way of providing credit, savings and general banking services to  millions of entrepreneurs who may be lacking collateral or a good credit rating. Often, a person thinking of starting a small business just needs a bit of money to get started – to buy a computer, farming equipment or other supplies. They don’t need or want a loan for tens of thousands of dollars and, sometimes, they don’t have access to traditional sources of funding. In these cases, microfinance can help them start their small business on the best footing possible.

Read more about microfinance in our June newsletter, including why it’s often referred to as “liberation capital” and what some organizations are doing to support entrepreneurs through microfinance partnerships.

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Statistics from USAID’s Global Pulse 2010

In a recent blog post, Dr. Leslie Roberts summarized her participation in USAID’s Global Pulse 2010. The event is now over, and Dr. Rajiv Shah, Global Pulse 2010’s administrator, has given us some of the event’s statistics.

Considering it was initiative of the United States Agency for International Development, it’s surprising that 60% of participants were from outside of the United States. Exactly half of all the event’s participants were under 35 years old and women made up 51% of participants. That last statistic interesting when compared with a finding GoForth Institute used when creating our small business training courses – that women made up 35% of the total self-employed in Canada. Women are active both in international development and in start-up business!

According to Shah:

This global conversation attracted over 6,000 participants from over 155 countries who posted over 9,000 ideas, reactions, opinions, and perspectives  . . .  This content will provide valuable input as we shape and assess the strategic direction of our foreign affairs agencies, their programs, and future engagement with stakeholders.

We at GoForth Institute will be eagerly monitoring any initiatives or further discussions that transpire – we’ll keep you posted!

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Throne speech highlights support for Canadian small business

Wednesday’s Throne Speech, delivered by Governor-General Michaelle Jean, outlined objectives for the Conservative government to achieve this year. Among these objectives was increased support for Canadian small business. According to an article in the Calgary Herald,

The government plans to boost employment with a focus on new education programs, skills training and new infrastructure that will support a public policy goal of increasing productivity and employment.

With this focus on education and training, it looks like 2010 could be the ideal time to start a small business!

Another commitment made was to “strengthen laws on copyright and intellectual property.” Many small businesses are started with a great idea, invention or product. So, all you inventors out there, why not see if your great idea can become a great business?

You can read the full article about the Throne Speech at the Calgary Herald.

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