COMMERCIAL REAL ESTATE TRENDS SHAPING THE YEAR 2022 - MBE BUSINESS MAGAZINE by MBE BUSINESS MAGAZINE

ISSUE 80 | AUGUST 2022

COMMERCIAL REAL ESTATE TRENDS

in Canada shaping the year 2022 Pg. 22

THIS MONTH FOCUSING ON When Environment Is Not Supporting You To Grow Your Business.

Apple Aims To Take Over Your Car, And You Might Be Glad

Increasing The Customer Foot Traffic In A Retail Environment

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Feast Of The Assumption – ‘An Obser-

Heritage Day- Alberta

Life Is The Real Opportunity

Can I use a locked-in RRSP to buy a house?

When Environment Is Not Supporting You To Grow Your Business.

Extraordinary Performance?

How A Mindset Helps In Shifting To

Drive Extraordinary Performance?

Increasing The Customer Foot Traffic In A Retail Environment

No Show Diners Leave A Bitter Taste For Owners

Mega Trends Shaping The Post Pandemic Digital Transformation

Apple Aims To Take Over Your Car, And You Might Be Glad

Now Is The Best Time To Move To Canada, Why?

Down With Doin’ It Ourselves

Event calendar

CONTENTS Every Single Minute

August 2022

vance On The 15th August 2022’

1st August 2022

How A Mindset Helps In Shifting To Drive

PRINCIPLES OF A GREEN ECONOMY & EXPLORING WHAT IT LOOKS LIKE IN TERMS OF SUSTAINABILITY

Commercial real estate trends in Canada

PROSOPAGNOSIA, FACE BLINDNESS, ITS SYMPTOMS & CAUSES

EDITOR'S LETTER Dear Readers, August is here with the 80th edition of MBE Business Magazine. In August, most of Canada celebrate some sort of holiday on August 1st. With the exception of Quebec, Newfoundland and the Yukon, the holiday is a Civic holiday because the holiday is not mandated as a public holiday but instead it is observed as a public holiday by regional government (provinces) bodies of Canada. The reason for which the civic holiday is observed is different across the various provinces and territories as they have different origins. It was first started in the City of Toronto as the Toronto City Council introduced it in 1869 as a midsummer holiday for a day of recreation. Since then other parts of Canada followed like in Alberta it is called as a "Heritage Day" and was established in 1974 to recognize and celebrate the cultural heritage of Albertans. In that same year British Columbia established it as a provincial statutory holiday as "British Columbia Day" to celebrate the history, heritage and culture of British Columbia. In Manitoba it is known as Terry Fox Day in honour of the athlete and cancer research activist called Terry Fox and it was established only in 2015. Similarly it is known as the "New Brunswick Day" in New Brunswick started in 1974 and as the "Natal Day" in Nova Scotia started in 1895. In this issue, you will find contributing articles from many different personalities including the management team of MBE - Mr. Mansoor Naqvi, Mr. Mahmood Naqvi and Mr. Alamdar Hussain. You will find this issue just as interesting and informative as before. Our team has worked tirelessly to bring this issue to you on our digital and social media platforms. We have also launched our magazine website as well enabling us to reach the maximum number of people via electronic media. Your feedback is highly valuable to us, if you have suggestions or comments feel free to call us at 1-866-667-1377 or email us at info@mbeforyou.com to tell us what you think about this issue. For ad placements and marketing related queries, please email us at digitalmedia@mbeforyou.com Thank you, Aurora Zabala, Editor In Chief.

Publisher MB Enterprises Editor-in-chief Aurora Zabala Senior Editor Peter Z. Vaisey Managing Editors Steve Montgomery Mahmood Naqvi Design Cynthia Tolson A. Khan Production, Technology & Print Simon Wilson R.J Advertising S. Hassan Administration Alamdar Hussein Erum Asghar R. Adil HOW TO REACH US Website: www.mbeforyou.com Feed-back: 1-866-667-1377 E-mail: info@mbeforyou.com Mail: 100 Dynamic Drive, Unit 104, Scarborough, ON, M1V 5C4. Fax: 1-866-204-6888 MBE Business Magazine is a monthly issue business magazine published by MBE. Inc. Ontario, Canada. Printed by Vision Printers Contents © Copyrights 2017 by MBE, may not be reprinted without written permission. Subscribe / Unsubscribe or Advertise by emailing us at mbe-marketing@mbeforyou.com

Life Is The Real Opportunity Every Single Minute

SYED MANSOOR NAQVI PRESIDENT MBE

For those who love life, it is truly the real opportunity every

counts forever, and turns you into the real star. Ultimately, in

single step and every single minute of your life. It depends on

the end a shining one so that you can be an example of

how positive you are in terms of the outcomes and how you

success for others.

take the challenges of life. You've got to have a strategy to improve things, improvise and plan ahead for better results.

OPEN UP YOUR EYES & SEE HOW YOU ACHIEVE YOUR TASKS:

It simply doesn’t matter much wherever you are. Whether you

Be more transparent while you open up your eyes to see

are in Canada or you are in United States. What matters is

things more clearly. Let’s see how you can achieve your daily

how you take your goals and how serious you are in terms of

tasks while analyzing the challenges that life presents you. It’s

the desired outcomes. The location can’t hinder your thinking

obviously not a piece of cake, but what matters is how

one single bit if you have the correct knowledge of how to

serious you are. Your seriousness levels and your approach in

handle your life challenges. Finally, you will be in a better

perceiving your tasks can turn it into a piece of cake. Jot

position for handling success.

down your daily agendas on a piece of paper or alternatively something like a new year’s resolution will be more powerful

Success handling is not an easy thing, as it can even divert

for your future outcomes.

from the real goals. However, if you can handle success with ease, it will make you more passionate to make success a

Just sit, relax and ponder a bit for what needs to be done to

habit.

make it safer and achievable. Do whatever it takes so that you have it clear in your mind what you need to do before you

BE MORE OPTIMISTIC REGARDING YOUR OPPORTUNITIES:

take a mandatory step. Every step is vital for your future and

Be more optimistic and positive in your vision & opportunities

holds for you more professional and sounder opportunities.

which can get hurt if your thinking is not aligned. Alternatively, sometimes more than your efforts. However, with efforts and

MAKE BEST USE OF YOUR OPPORTUNE MOMENTS EVERYDAY:

directions are combined together, you can have a more

Make the best use of your opportunities every single day. Why

optimistic vision resulting in a larger than life approach

does everyday matter? Simply because it’s a necessity to

towards your everyday goals of success.

develop habits of success rather than habits of failures. For

if the thinking is not in the right direction as direction matters

those who love to have success every day, success is a habit While we talk about vision more, we have to realize that

for them. Just like being on time in a board meeting or

positive energy makes you better placed for the sake of

presenting your clients with the best presentation is a habit

getting to your targets. It’s your optimistic approach that

for you. Hence, little habits can turn into success while

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

minimizing the failures of your life. You won’t even notice that,

you have to devise a strategy for your future goals. Hence,

but the difference will be felt by others who have been

not only a strategy but a winning strategy as well. Something

observing you in your life. Especially, your peers and

that makes you feel merrier for what you have achieved.

colleagues will notice the change and will find it to be an appreciable one for a sustainable future.

Yes, indeed by line of action we mean the best line of action. Not a line of action that can possibly fail you. Neither

The habits you have developed for success will surely

something that makes you feel relaxed for your future

become an asset for your own good, your career needs and

milestones.

your daily outcomes. The difference is unique, it’s energizing and it feels good as it makes you a candidate for higher

LIFE IS NOT A BED OF ROSES:

success. The day it starts giving you rich dividends will be the

‘Life is not a bed of roses, but rather a bed of thorns’, for

best day for you and that will start the revolution for success

those who think that way for their life. Ironically, for them it’s

from within. It’s the ultimate power of your subconscious that

the challenge that fuels them for success every single day.

stores success in you every single day. The amazing thing is

They can’t lose, as for them it’s not about winning or losing,

the energy it gives you for more success and more aligned

it’s about taking the daily challenges of life and never take

goals on a daily basis.

things for granted. This is true for both your corporate life, i.e. career and your personal life. Vitally, as both lives are linked

BE THANKFUL TO WHAT LIFE PRESENTS YOU:

together for attaining the true meaning of success.

Whatever it takes, and whatever it gives you back. It’s the best thing that you will be thankful for to what life presents you. Your thankfulness will cultivate the next line of action within you. Surprisingly, you will be more clear with regards to how

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

When Environment Is Not Supporting You To Grow Your Business. SYED MAHMOOD NAQVI How Can We Grow? Vice President | MB Enterprises

A question that relates to the environ-

Irrespective of wherever you are living,

The questions that you need to ask

ment is how to make growth in an

if the environment is not supportive for

yourself is how as a leader or as an

environment, that is indeed not

growth or if it’s not supporting your

entrepreneur you can transform with

supportive for growth. This is a

company, there is always a question

respect to the environment. You can’t

common issue that is arising interna-

mark that how you need to grow under

obviously change the environment in a

tionally due to many circumstances.

such circumstances. As an entrepre-

day or two, but at least you can do

These are growing inflation, growing

neur you need to be far more calcula-

your homework to make your compa-

expenses, less cash flow, growing

tive and a lot more concerned while

ny more supportive. Be more agile for

utilities, and depression around the

making your future investments. Being

company goals and prospects and

environment, especially amongst the

more calculative means you need to

start making a plan for a future

people. Under such circumstances it’s

apply not only your minds, but all your

journey for let’s say 1-3 years ahead.

difficult for companies to devise a

planning instruments to devise a

growth strategy. Alternatively, find

strategy that is also known as a

The Best Solution Is To Plan Ahead:

better and more accomplished ways

contingency plan. A plan which can

Now is the best time to plan ahead.

towards growth. Furthermore, find out

even be called an alternative strategy

Yes, that's true! Plan your journey

a formula for growth that suits both the

if something unexpected happens that

ahead so that you can break the

companies, i.e. the management and

needs to be reconsidered or recon-

barriers and be far more calculative. In

the people working in the companies,

ciled.

regards to the environment that’s not

i.e. the staff or the workers. W W W. M B E F O RYOU. C O M

truly supportive, don’t panic. Grab a MBE BUSINESS MAGAZINE AUGUST 2022

glass of water and start planning

situation gets re-vitalized. Obviously,

reflect your vision and how you can

ahead.

it’s like pressing the refresh button on

make a unique company culture. A

your computer screen.

culture that must in the end be

Jot down on a piece of paper what

supportive for growth of the company

your options can be and what needs

Start Planning Your Growth:

to be resurrected for a much better

Obviously, every company is depend-

future. You are the one who is well

ent on the environment, which is a

aware of your company’s situation

company culture in the first place.

Planning a Sales Strategy and a Buying Strategy:

under current circumstances so all

Secondly, the environment or culture

Your sales strategy and your buying

you need is to plan your day and plan

that relates to a country’s environment

strategy must also reflect your growth

your situation. If your situation

and lastly a mixture of both, i.e. how

strategy. Do shed more light on the

demands a planning of a far better

you amalgamate a company environ-

importance of sales and train your

strategy start planning according to a

ment with a country’s work culture,

staff to be more professional & hard

desired timeframe in mind. This

standards and professionalism.

working in making future sales.

as well as its employees.

Targets that are supported by

current situation can change with planning, as it is something that is a

Surely, you need to be far more

commissions always motivates the

dependency for others. These are

professional to start planning your

sales people and thus helps in

people working in your company who

company’s growth. Be more assertive

bringing cash flows to their desired &

have to pay their utilities and their bills.

and more enforcing as you need to

acknowledged levels.

They are the ones who have to plan

plan a sequence, a pattern of

for better cash flow. Something, which

workflow, or a culture as an entrepre-

Similar to this, make a buying strategy

should be a reflection of your good

neur, that should be supportive for

that must only suit your requirements

days when the environment was really

both a company culture and a country

and your budget. Never have to invest

supportive and pay-rises was a norm.

culture. This obviously needs your

on unnecessary goods and services,

Don’t have to look out for short-cuts,

think-tank to devise a strategy that

i.e. be far more calculative & risk-con-

in fact, you need to be far more

really means business for the future.

scious.

precise with your planning which needs to be strict.

Have a future growth agenda, i.e. a growth strategy according to the

Motivate your employees for more

current circumstances for at least 2-3

work and incentives when the

years. The growth strategy must

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

How A Mindset Helps In Shifting To Drive Extraordinary Performance? SYED ALAMDAR HUSSAIN Country Head - MB Enterprises

A mindset is a core ingredient while

While driving your vehicle, you know

mindset is the real catalyst in a

making a shift to drive extraordinary

how to shift gears to increase the

catalytic reaction. The motivational &

performance. It’s the role the mindset

acceleration. Similarly, in practical life,

happiness emotions are the ones that

plays in planning a journey, in creating

a positive mindset is a necessity to

are triggered due to a positive

motivational vibes & finally in driving

change your paradigm. It not only

mindset. Something that can easily lift

extraordinary performance. When you

widens your vision for future goals, but

you up from situations that are really

are really down & out, while you also

also helps you expand that vision with

down & out. Mindset even makes you

feel de-motivated & isolated. The role

a lot more command on your skills.

far more professional in terms of

that your mindset plays along with the

Through the vital tool of mindset, you

target achievements & planning.

positive thinking is the real ingredient

can considerably bring an improve-

for change. It’s the ultimate thing that

ment in your approach towards

drives change while acting as a fuel

greater holds over your thoughts, your

A MINDSET MUST ALWAYS BE POSITIVE:

that empowers your success along

emotions & your vision. Being a

In most cases the switch or a shift that

with your vision. A mindset acts like a

visionary you must always act

is needed is for a positive mindset

stimuli for a better and improved

positively.

instead of the other way, i.e. getting negative from being positive in

performance. Hence, while it makes you feel happy for your achievements

Hence, as far as the emotional

mindset. While we are more

while you plan how to build on it.

intelligence aspects are considered, a

concerned with a corporate culture, a

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

mindset needs to be always positive rather than being

you get de-motivated & destroyed, the horizon needs to be

negative. It’s your mindset that brings you closer to your

broadened & needs to be re-calculated. Thus, a mindset

goals. Thus, making you more aware of how to overcome the

actually helps in making it more realistic, achievable & far

barrier of fear. Alternatively, something in mind that makes

more profitable. Hence, as compared to a negative mindset

you feel that you won’t be able to get to your targets. These

that makes you tentative, hesitant & highly careful in the

are vital targets that you need to achieve in any case, i.e. one

process of decision making.

way or the other.

DRIVING EXTRAORDINARY PERFORMANCE NEEDS SHEER HARD WORK: With the matter of time in the corporate world, & being a slave to the regular work patterns & culture, sooner rather than later, you shall realize the importance of sheer hard work for achieving extraordinary performances. Most importantly, sheer hard work not only demands skills of professionalism, but also a positive mindset. This doesn’t necessarily means that you lose the ability to think negative. However, having the right balance for the sake of your goals is an ultimate key. A prime objective that you need to acquire & than improve with the passage of time.

HOW PLANNING DRIVES THE CORE CHANGE? While you are on the correct pathway, it’s the mindset that drives the core change management. As an entrepreneur you need to invest in a new business which according to your calculations is risky. Alternatively, you have a vision to introduce a new product that needs creativity & more marketability. Thus, the factor of planning drives the core change while you re-engineer your success ideologies. Proper planning on every level of your journey is a key ingredient of success as it refreshes your mindset. Hence, making you realize practically what you can achieve & what needs to be done to achieve that. All these things in the corporate world are the drivers of a

HARDWORK IS EVIDENT THROUGH RESULTS:

mindset that as a business leader, a professional or a

Just like ‘Seeing is believing’, similarly, hard work is evident

visionary you have cultivated with time. However, best results

through results. These are results that determines that you

are always generated when you know when the best time to

have been successful in working hard for your goals in your

make a shift is and how to shift to the next level to drive

pathway of success. Extraordinary performance through

extraordinary performance. At the end of the day, the results

sheer hard work is a phenomenon which has hardly got an

counts more than anything.

alternative. You would be in need of any if you know that your results are dependent on your hard work. In fact, it’s the results that reveals true success while you are in sight of your daily milestones.

A MINDSET HELPS IN THE EXPANSION OF THE VISION: Even after a series of consistent failures, it’s the mindset that helps in the expansion of the vision. It not only broadens your horizons, but also refreshes your mind for better results. While

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

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NO SHOW DINERS LEAVE A BITTER TASTE FOR OWNERS

JOSHUA CHONG

Growing trend has gotten worse since the pandemic

On Line restaurant reservations are

inflation and cutbacks in discretionary

Now she estimates it’s closer to

growing in popularity, with advanced

spending.

15-20%.

“For some restaurants, if a table

“It does hurt because you’re basing

doesn’t show up, it could mean the

your night on the number of reserva-

It’s a marked shift from 2019, when

difference between breaking even

tions you receive and you’re turning

Canadian eateries saw more walk-in

and being profitable in a shift,” said

people away,” Gittins said. “I’m really

reservations, according to data from

Matthew Davis, country director at

surprised, having come out of the

online restaurant reservation service

OpenTable Canada, adding the issue

pandemic that people would do that.”

company OpenTable.

has become more pronounced than

Gittins evens calls customers two or

in previous years.

three days before their reservation

table bookings overwhelmingly surpassing walk-ins in 2022.

But the growing trend could be

date to remind them of their booking.

hurting the restaurant industry,

The number of no-shows has been

But that doesn’t seem to prevent

owners and industry experts warn.

“unbelievably high” over the past few

no-shows.

The surge in online reservations has

months, said Jennifer Gittins,

led to more no-shows, which can be

co-owner of the Dutch-Indonesian

Other restaurants go further and ask

detrimental to establishments in an

food bar Little Sister, which has two

diners who book a table to leave a

industry that has only begun to

locations in Toronto. Before the

credit card on record. If they fail to

recover from the pandemic and faces

pandemic, about 5% of people who

make the reservation, they are

extraordinary pressures amid rising

booked a table would not show up.

charged a nominal fee. The system

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

doesn’t cover the cost of the money lost from the no-show,

idea to do that, but instead make a reservation in good faith

but does serve as an incentive for patrons to show up or

and show up,” he said.

cancel their booking if they can’t make it, Davis said. Davis noted OpenTable has added features to help restauIt’s a commonplace policy in New York City, but has only

rants prevent no-shows. Establishments can flag a diner as a

begun to take hold in Toronto.

potential no-show based on previous reservation activity. The company also suspends diners who don’t show up for a

“Toronto restaurants are slow to adopt this approach, but the

reservation four times per year.

pandemic has certainly has certainly sped it up,” Davis said. “As more restaurants face this challenge of no-shows and

Three years ago, only about 40% of tables at restaurants that

given the current conditions of the economy, many will begin

use OpenTable were booked in advance, while 60% were left

to adopt this as a tool.”

for walk-ins, according to the company. Now the majority of seats at these full-serve restaurants are reserved before-

Gittins has been debating implementing the policy at Little

hand.

Sister over the past few months. It’s a double edged sword, she admits, because “it sort of goes against the whole

Asad Amin, senior vice-president at the market research

concept of hospitality.”

agency Ipsos, said pent up demand for dining out is driving the surge of advanced bookings at full-service restaurants.

For now she will start with charging larger groups that make

“People feel the need to pre-plan to ensure that they can get

a reservation but do not show up.

reservations to favourite restaurants or popular restaurants,” Amin said.

Davis said there are many no-shows because some diners feel bad calling an establishment three or four hours before a

Stephanie Dickison, a restaurant industry expert, believes

booking to cancel their reservation. “As an ex-restaurant

the way restaurants operated throughout much of the

manager, I would much prefer that than someone no-show-

pandemic also drove the change in consumer habits and

ing because I can at least fill that table again,” he said.

made individuals more accustomed to placing reservations. When restaurants began to reopen, many establishments

He’s also noticed diners who make multiple reservations for a

required reservations to they could better plan a service, she

single time slot. They typically wait until the last moment to

highlighted.

decide where to dine and fail to cancel their other reservations, Davis said. While OpenTable does not allow guests to

But as Canadians begin to eat out more often, Dickison

make multiple reservations, it is possible if customers use

hopes that will inject more spontaneity into the restaurant

different reservation systems.

industry and lead to a return of more walk-in dining experiences. The balance between the two is key, she said.

“It’s so important to educate people on why it’s not a good

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

APPLE AIMS TO TAKE OVER YOUR CAR, AND YOU MIGHT BE GLAD NAVNEET ALANG Fussing through the infotainment on

company has uncharacteristically

its power – moving into new domains

a modern car – tapping a screen to

struggled to retain talent – it seems

and then finding new ways to lock

turn a seat warmer on or, heaven

instead that it is keen to just take over

consumers into its ecosystem.

forbid, to try to change some setting

your next car and hopefully make it

in the car’s setup – and it’s often hard

better.

not to wonder: Was this designed by an ape?

Right now, when you use CarPlay, you connect your phone either

At the company’s Worldwide Develop-

wirelessly or with a cable and a little

er Conference last month, Apple

iPhone like display of icons appears

The thought runs through my head,

announced that the next version of its

on your car’s existing system. There,

at least, every time I am confronted

CarPlay software, which extends

you can receive messages, listen to

with the tech in a contemporary

iPhone features to your automobile,

podcasts or audiobooks and get

automobile. The big, glossy screens

would now do more than let you

directions through apps like Apple or

that occupy the centre of almost

access messages or music, but

Google Maps. All the normal

every dashboard are nearly universal-

would instead control everything in

functions of your car – climate, the

ly terrible – clunky, cluttered, ugly,

the car, from instrument clusters to

speedometer and so on – are

and somehow often just worse than a

climate.

handles by the system made by the

simple knob or dial.

manufacturer.

Enter Apple. Though there have been

Given how hopeless carmakers are

rumours for years that Apple is trying

at software, it’s a promising step. But

But for the next version of CarPlay,

to make a car – a project in which the

it also points to how Apple exercises

the idea is that the whole automobile

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W W W. M B E F O RYOU. C O M

experience will be run by Apple’s software. Cars are increas-

have been cagey so far about whether they are integrating

ingly screens on wheels, where digital glass extends across

the software, but some – likely the flashy Volvo derived

the entire dashboard and Apple wants to take over that

electric vehicle brand Polestar – said they will use the next

whole experience.

CarPlay and it will surely be a selling point.

That means that your speedometer, tach, battery meter and

But the trouble with Apple is that they make great products

so on will run through Carplay. Climate and interior comfort

and they lock you in. Apple products work best with Apple

like seat heating and cooling will also run through Apple as

products and they’re designed that way. CarPlay is just one

will the radio and all the usual services like iMessage, music,

more way Apple encourages its users to stick to both its

Spotify and more.

products and its services and there is always something a little anti-democratic about the way the company beckons

In one sense, that makes me breathe a sigh of relief. In the

you to use its expensive stuff.

past, companies like Sony or Blackberry struggled to adapt to the modern era because they simply didn’t have the

It should be noted that, even if one were to buy a vehicle

software or design smarts to make compelling digital

equipped with CarPlay, you wouldn’t have to use it – you

products. Then Apple came along with the iPod and iPhone

could always default to the manufacturer’s lesser system.

to show how it was done and were wildly more successful

Still, for how long will that be the case? How might a few

because the user experience was so much better. With

software engineers at BMW or Toyota compete when going

CarPlay, Apple is promising to do the same for the car.

up against the world’s best at Apple or Google? It’s not hard

There is the possibility of customization. Want maps on the

to imagine a time when your choice of in-car systems is like

spot underneath your steering wheel and music to the right?

a smartphone: you can have one you like as long as it runs

It should be easy enough. Want a slick, digital style speedom-

iOS or Android.

eter? A more traditional analog looking one? That is also possible with CarPlay.

It’s hard to feel particularly sorry for automakers. They have for years made maddeningly terrible software and have done

It is at least from Apple’s perspective, a big deal. While

little to advance. If Apple and Google do in fact take over the

CarPlay is already an important factor how people now shop

car as they did smartphones, automotive manufacturers will

for cars, having the entire auto experience run by Apple will

only have themselves – and their awful products – to blame.

be a key distinguishing aspect for many cars. Automakers

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

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DOWN WITH DOIN’ IT OURSELVES

DR. SYLVAIN CHARLEBOIS

Self-checkouts more popular than ever, but where’s the benefit? Self-checkouts have long been the

and 1996) planned to use more of

self-checkouts while visiting the

unloved of retail. Nothing worked as it

these tills without a cashier.

grocery store at least once in the last

should in the beginning, especially at

six months. Moreover, 85.1% of

the grocery store, where an order for

Before the pandemic in 2019 –

Canadians said they were satisfied

20 items brought a new form of

according to CivicScience – only 19%

with their experience. Interestingly,

despair. Even if the presence of

of customers aged 55 and older felt

47% of Canadians said they were

self-checkouts bothered many,

ready to use self-checkouts

willing to visit a cashierless grocery

Canadians have now apparently

compared to 35% of customers aged

store, where all purchases are

befriended them in some way.

35-54. At the time, cashiers remained

captured by digital sensors that allow

the preferred option for all demograph-

customers to add what they want to

Less than a year ago, data from

ics. Consumers used to love to hate

their basket and leave the premises

Dalhousie University indicated that,

these machines. Today, things have

without going through any checkouts

for the first time, self-checkouts were

changed.

at all. Amazon Go is the most

becoming the preferred option for

well-known model for this right now.

customers when leaving the grocery

All told, self-checkouts are becoming

That number was much lower before

store. No less than 53.2% of Canadi-

more popular than ever, even

the pandemic.

ans were identified as intending to

surpassing serviced checkouts.

use self-checkouts regularly in the

According to a survey conducted by

Technology is increasingly being

future. For young people, 60.1% of

Dalhousie University in partnership

accepted by consumers at the

gen Z (born between 1997 and 2005)

with Caddle in early May, a whopping

grocery store. But the technology

and millennials (born between 1981

75% of Canadians had used

itself is also improving, becoming

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

more intuitive and efficient. Instead of just offering to consum-

With these technologies, however, we are asking customers

ers another option to exit the store while dealing with the

to do more work without compensation. Financial institutions

optics of seeing machines stealing jobs, grocers are clearly

made a major shift decades ago with ATMs. At the time,

committed now and are no longer holding back.

customers were asked to do more while promising lower bank charges. We now know that quite the opposite has

During the pandemic, cashiers were considered heroes and

happened.

everyone wished them a raise. The big chains have even been criticized by our elected officials for abandoning certain

Unlike banks, the work done in grocery stores is a matter of

compensation programs that offered employees better

food safety and security. The cost of food and how it’s

conditions. The reality, though, is that hiring and retaining

handled matters a great deal to everyone. If self-checkouts

staff remains challenging. It’s even worse with our labour

mean higher prices in the future, consumers don’t benefit.

shortage situation. Automation and robotics are slowly

But grocers will. The idea of taxing companies that opt for

becoming priorities in the agri-food sector, especially in the

this kind of technology and directly affecting consumers has

food service and retail industries.

been floated from time to time. It’s now time to revisit the concept. Or at least, why not offer a reward or incentive for

For consumers, once choices are made, few want to wait in

using these machines, such as actual money or discounts.

line to pay. Waiting to pay for your groceries is so 2019.

If consumers must do more work during each visit to the

Some want to chat and socialize, but many just want to get

store, they must also benefit from it one way or another.

what they need as quickly as possible and then socialize elsewhere. Nothing wrong with that either.

Technologies will redefine the social contract grocers have with all of us. With more technologies, our rapport with

Food retailers, along with all of us, are accepting the fact that

grocers will change. It’s not a bad thing as long as consum-

the labour market is changing and workers in the agri-food

ers benefit somehow.

sector will want to perform different, more sophisticated tasks and functions that require advanced knowledge and skills. Gone are the days of hiring people to do repetitive tasks. In short, machines are replacing jobs that on one wants to fill.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

AUGUST

EVENT 2022 CALENDAR 1 AUG

MONDAY

Civic/Provincial Day

1 AUG

MONDAY

Heritage Day

The first Monday of August is a holiday for people in many parts of Canada. It is a statutory holiday in some provinces and territories but in others it has another legal status. It is often called the August Holiday, Civic Holiday, Provincial Day, or other local names, such as Terry Fox Day in Manitoba.

Heritage Day is celebrated in Alberta on the first Monday of August each year. Although it is not a statutory holiday, many Canadians in Alberta use this day as an optional holiday to celebrate the province’s heritage.

3 AUG

WEDNESDAY

The Royal St John's Regatta (Regatta Day) The first Wednesday of August is Regatta Day, a local holiday in Newfoundland and InLabrador, also known as “The Largest Garden Party in the World”.

7 AUG

SUNDAY

Tisha B'Av

8 AUG

MONDAY

Ashura (Tentative Date)

15 AUG

MONDAY

Assumption of Mary

Many Jewish Canadians observe Tisha B’Av, which is the ninth day of the month of Av in the Jewish calendar. It is a day to remember various events such as the destruction of the First Temple and Second Temple in Jerusalem. When Tisha B’Av falls on Shabbat (Saturday), it is moved to Sunday, 10th of Av. Regional customs or Moon sightings may cause a variation of the date for Islamic holidays, which begin at sundown the day before the date specified for the holiday. The Islamic calendar is lunar and the days begin at sunset, so there may be one-day error depending on when the Crescent Moon is first seen.

The Feast of the Assumption of Mary (Fête de l'Assomption) celebrates the Christian belief that God assumed the Virgin Mary into heaven after her death on August 15.

MBE BUSINESS MAGAZINE AUGUST 2022

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15 AUG

MONDAY

Discovery Day

19 AUG

FRIDAY

Gold Cup Parade

Yukon’s Discovery Day is celebrated in territory of Yukon, Canada, on the third Monday of August. Also Klondike Gold Discovery Day, it commemorates the anniversary of the discovery of gold in Yukon. It differs from Newfoundland and Labrador’s Discovery Day, also known as Cabot 500 Day.

The Gold Cup Parade is a feature event for Old Home Week, which

celebrates the joys of the summer season in Prince Edward Island

(PEI), Canada. The parade is on the third Friday of August and attracts thousands of people.

CROSSWORD PUZZLE SOLUTION

MONTH JULY

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

Commercial real estate trends in Canada shaping the year 2022

DMM DEPARTMENT MB Enterprises

The Real Estate sector has seen many ups & downs since the pandemic COVID-19 affected the real estate in Canada,

These trends are discussed in detail below;

especially the commercial real estate sector. The interest

NUMBER OF PEOPLE RETURNING TO THE OFFICE:

rates were seen on the rise & another reason for the change

The year 2022 is dedicated to an increase in the number of

in action is the return to office post-pandemic. The industrial

people coming back to the offices. The offices accounts for a

demands in Canada remains at a high, while there is a

huge portion or part of the commercial real estate sector.

massive recovery that has been noted in the retail sector in

According to the experts dealing in Canadian real estate, the

Canada.

office market conditions in the rest of the year 2022 will definitely strengthen. Importantly, as the positive momentum

The focus has been commercial real estate where the trends

seen in the last quarter of 2021 accelerates. This acceleration

have changed fast vitally major concerns arising due to the

was due to the changing trends that started showing signs of

pandemic, COVID-19. This is all despite the anticipated

positivity for the investor’s interest.

challenges, i.e. high inflation, interest rates hikes and the looming labor shortages. The CBRE’s i.e. Canada’s Real

There were predictions in the year 2021 later part that the

Estate Market Outlook paints a highly positive picture for the

office workers will return to their desks in-person allowing the

sector in 2022. Very much owing to the fast recovery in the

employers to test new strategies that enable hybrid work.

current year 2022 & the commercial sector is getting back

According to another forecast the net amount of office space

slowly but gradually.

needed for the office workers will be touching a 15 year high in the year 2023. Amazing to see the fast recovery which

The commercial real estate sector in Canada heavily relies on offices and Retail industry. Both have been dented due to

clearly sums it up regards to the changing trends.

the pandemic & the fast changing impacts. Other reasons

A MASSIVE RECOVERY IN THE RETAIL SECTOR:

includes the adoption of ESG or Environmental, Social &

Due to the pandemic there were impacts on the shopping

Governance considerations that have become increasingly

trends as well as most people switched towards online

vital for the investors in the Real Estate in the year 2022.

shopping rather than in-store & retail shopping. These trends

The changing requirements in the real estate sector for the

are diverting back in 2022, i.e. a fast & furious recovery that

investors is all due to the trends that will be shaping the year

was much expected after heavy losses in the commercial real

2022.

estate. In the rest of the year ahead, thematic stores, promo events, and expanded display areas will become prevalent.

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People in the retail sector are coming up with new food and beverage concepts that shall be drawing more customers

VITAL ADOPTION OF ESG IN 2022: ESG, also known as Environmental, Social & Governance

back to the shops rather than shopping online. Landlords are

considerations is something that will become increasingly

also looking to diversify their tenant mix, especially as

vital for the investors in real estate in the year 2022. These

existing retailers. This is seen particularly within the fashion

practices have been lagging in the past, however, these

industry.

practices shall be more common which is changing already.

THE RISING INTEREST RATES:

Part & parcel of the Real Estate Commercial trends the

According to the Bank of Canada’s latest change in the

adoption of ESG practices for the sake of environmental

interest rates, the rise of interest rates have touched 0.5%.

sustainability will have an automatically good effect on the

The economists are calling up to four additional increases in

commercial Real Estate trends.

2022 as Central banks around the world attempt to keep prices under control.

All these trends in the Real Estate Commercial sector in Canada will shape the rest of the year, i.e. 2022. These trends

To encounter the effects of the rising interest rates, demands

will show how Real Estate is changing in Canada & as a

a stronger economy, more jobs, high demands for space and

matter of fact recovering in sectors like Retail Industry &

rising rents can easily make real estate a natural hedge for

Canadians returning back to normal 9-5 office work.

investors against inflation.

THE INDUSTRIAL DEMANDS REMAINS AT A HIGH: In Canada there is a huge demand for Industrial space and this is forecasted to remain to a high in 2022. This demand is driven by Canadians swift adoption of e-commerce as well as the growing need for safety stock in the middle of the supply chain challenges. Until the balance is achieved between supply and demand the industrial rental rates, the sales prices and land costs will remain high across all over Canada.

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MBE BUSINESS MAGAZINE AUGUST 2022

FEAST OF THE ASSUMPTION – ‘AN OBSERVANCE ON THE 15th AUGUST 2022’

DMM DEPARTMENT MB Enterprises

Feast of the Assumption or simply the Assumption is celebrat-

intensity which equals that of Christmas, Good Friday or

ed widely all across the Christian world on 15th August. It is

Easter. However, still it’s a religiously prestigious day for the

not celebrated as an official holiday in Canada, however,

Christians, especially in Canada where the majority of people

Feast of the Assumption holds vital values as the day is

are from the Christian world.

sacred because of Mother Mary, the mother of Jesus Christ.

MOST FAMOUS TRADITIONS OF THE DAY: Mother Mary, also known as Virgin Mary was the mother of

Every country that celebrates the Feast of Assumption has its

Jesus Christ & gave birth to the prophet of Christianity who

charming & unique traditions. On this prestigious day, the girls

was also known as ‘The Miracle Son’ as he was born of a

or women most named Mary or having a similarly derived

miracle to Mother Mary. She died after 11 years after the

name like Mary are the ones who welcome people to their

death of Jesus Christ, the prophet of Christianity. Obviously,

homes for a feast on this blessed day. Even though holding a

this sacred day marks the occasion of the Virgin Mary’s bodily

feast is not a must or a prerequisite, however, still there are

ascent to heavens at the end of her life.

special recipes for this occasion that are incorporated into the family dinners on the day. Other than this, the celebrations

The feast of the Assumption is a day that is celebrated in

are marked grandly with colorful festivals, street processions,

form of festivals, colorful street processions, fireworks, &

pageantry and displays of fireworks.

pageantry. There is also a long-lasting tradition of blessing the summer harvest.

In Poland, a country that has many Christians who follow the religion strictly. Hence, the day here is known as ‘The Feast of

According to the Christian faith all over the Christian world it’s

Our Lady of Herbs’ & is celebrated with bouquets made of

the day of Virgin Mary’s entrance into the heavens by God

blossoms and herbs that are taken to the Church on the day.

after her death is observed in Christian faith on the Feast of Assumption on August 15th. Christianity is obviously the

In Italy, more precisely in the city Sicily, in the honor of Mother

most followed religion in the world, followed by Islam & the

Mary, partial or complete abstinence from fruit is observed

Christians all over give high regards & prestige to Assumption

during the first two weeks of the month.

of Mary, 15th August. Obviously, doesn’t holds the same

MBE BUSINESS MAGAZINE AUGUST 2022

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While in Spain, the parades with marching brands, funfair

the people of Christianity with Jesus Christ born of a miracle

games, races, costume contests, dancing and other

to Mother Mary & Mother Mary herself.

family-friendly events takes place. This is throughout the country Spain, where Christianity holds huge levels of

Christian beliefs revolve heavily around Jesus Christ & Virgin

religious motivations & esteem for the people of Spain.

Mary as both dedicated their lives for the love of the religion & sacrifices for the religion. A religion that is the most followed

However, in the country France, another Christian country,

one globally, especially in North America, South America, and

the statue of Mary is carried in processions with great

Europe & Australasia.

splendor through the towns and cities on the 15th of August. There are also rituals that are observed in the Western parts

People in Canada do various things while observing the

of Austria, also known as the ‘Blessing of the Alps’.

Feast of the Assumption. They usually attend a mass, plant a Mary garden as part of the traditional practices & Eat

SIMILARITIES ASSOCIATED TO THE ASCENSION DAY- 26th MAY:

together. To plant a Mary garden is mostly a tradition in the

The day has similarities associated with the Ascension Day

European countries. Apart from this, a small statue of her

that was observed lately, i.e. on 26th of May & is the day that

standing over your common herbs is customary. People

marks the Ascension of Jesus Christ to heavens. Feast of the

usually have dinners at home, while some like to visit their

Assumption is the day of the ascension of Mother Mary to

friends as they have dinner together. Most people also love to

heavens & is very similar to the Ascension Day that has

have conversations over Mary’s life, passing by, and legacy.

similar importance levels regards to ascension for Jesus

All in all, it’s a day of high regards & values for Christianity.

European countries, seen mostly in England & some other

Christ. 26th of May is also not a public holiday in Canada, however, it’s a holiday in many countries of the world. The Ascension Day is also observed with the same intensity & religious importance similar to the Feast of the Assumption. Both are religiously prestigious days that shows the love of W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

HERITAGE DAY- ALBERTA 1st AUGUST 2022

DMM DEPARTMENT MB Enterprises

Heritage Day is celebrated & followed in Canada as Alberta’s

The Heritage Day is neither a nation-wide holiday, nor it is

hybrid holiday on the 1st of August every year. Similarly, it will

enjoyed by all employees in the Province Alberta. However,

be celebrated this year as well on the 1st of August as a day

it’s a day that celebrates Alberta in terms of the inhabitants,

for the people of Alberta, a province that holds values that

the culture & the uniqueness of the province. This is signifi-

relates to Tourism & Cultural Tourism. There are many

cantly regards to the cultural & Tourism values most effective-

Albertans that will be recognizing the Canada’s diversity &

ly. Hence, it’s an optional holiday as employees maybe be

celebrate the nation’s cultural heritage.

afforded a paid vacation day, i.e. depending on the employer. According to the employment standards code of Alberta, it

THE OBJECTIVE OF CELEBRATING THE HERITAGE DAY:

specifically designates nine days as general holidays in the

As the name clearly suggests it’s the ‘Heritage Day’. A unique

province Alberta. These nine days includes The New Year’s

day for the cultural heritage of the people of the Province

Day, Alberta Family Day, Good Friday & Victoria Day, a day

Alberta & the Heritage that links Canada to the rest of the

dedicated for the Queen of England & Wales. Furthermore,

world. The focus is largely on the cultural heritage, i.e. the

Canada Day, i.e. Day of Independence from United Kingdom.

people’s most common habits, how the inhabitants of Alberta

Also, includes Labor Day, Thanksgiving Day, Remembrance

used to be, what they wore commonly on different traditions,

Day & finally Christmas Day. However, the Heritage Day is not

and finally their relation with culture in terms of the language,

recognized in the list of holidays that are officially granted by

poetry, arts & architecture.

Government of Alberta.

Accordingly, to the rich & diverse values 1st of August is

ALBERTA HERITAGE DAY & THE TIMELINES:

dedicated to the people of Alberta who love Alberta for the

1st September, 1905 the day when Alberta becomes a

gorgeous province it is. The contributions of Alberta to the

province officially & gains provincial status along with another

country Canada & largely why Alberta is a land of beauty &

province Saskatchewan.

love for Int. & local tourism.

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The Government of Alberta announces the Heritage Day, i.e.

In Alberta, it’s not officially a holiday, however, most people

The Government of Alberta marks the first Monday of August

love to take the holiday & enjoy a long weekend as the

as the Heritage Day in the year 1974. The day is meant for

holiday falls on the 1st Monday of August, which is falling on

the celebrations of the cultural & historical heritage of the

1st of August this year. In 2021, it was observed on the 2nd of

Province of Alberta. Alberta is a province that has diversified

August as the 1st Monday was falling on the 2nd of August

cultural preferences along with the diversity, i.e. the people

2021, i.e. previous year. People love to extend their weekend

coming from various different parts of the world. In terms of

and go for a holiday on a beach if it’s a Sunny Monday. While,

the values for Canada, it is developing everyday as the

using the opportunity for a quick getaway, while attending the

province known for international students & for people coming

Servus Heritage Festival & avoiding the Sunday rush.

to Canada as workers.

Other most common activity for the people of Alberta on Heritage Day is to tour the museums, effectively, as museums

1976, another key year in the timeline for the Province

have special events on the day. As an example we can say

Alberta marks the Birth of Servus Heritage Festival. No fewer

that Fort Calgary has treasure hunt & interpretive tours. Take

than 11 ethnic communities come together to hold the First

a tour into the museums in your city as well as convert the

Servus Heritage Festival. A festival which becomes an annual

day into family time.

fixture on Edmonton’s calendar. Edmonton, obviously is the Capital of Alberta & holds a massive share towards the

The people of Alberta love to mingle on the day & find

overall cultural contributions towards the Province Alberta.

interesting facts regards to the history of Alberta. The two major cities Edmonton & Calgary holds events on the day that

MOST COMMON ACTIVITIES BY THE PEOPLE ON THE HERITAGE DAY:

recognizes & celebrates the heritage of Alberta & its people.

Most people on the Heritage Day love to trace their family

attached to the Province Alberta.

This is apart from the Tourism & Cultural Tourism values

history. That is, their history & their descendants. People of Alberta loves to invite their extended family to lunch, sit down under the sun & try to piece together their family history. It is definitely a good practice as, you never know there could be pleasant surprises lurking there.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

Can I use a locked-in RRSP to buy a house?

CORBEN GRANT

In a recent article, we explored home buyers' options when it

regular RRSP, but with a few major differences. The general

comes to using their registered retirement savings plan to

purpose remains the same: money contributed to the

fund a home purchase. Using a first-time home buyers

account will be tax-free and saved for retirement, with taxes

incentive known as the Home Buyers’ Plan (HBP), buyers

to be paid later on when you access the account for

can take out up to $35,000 of savings from their RRSP (or

retirement income.

$70,000 when combined with a spouse or common-law partner) for a home down payment, without paying tax as you

The main difference with a locked-in account is the restric-

would for a standard withdrawal. Overall, it is a good option if

tions on how money can go in and out of the account. First of

you want to buy a house and have saved a good amount in

all, you can not make regular contributions to a locked-in

your RRSP.

RRSP. Instead, it may only be contributed to by a source like your employer's pension plan.

However, there is a catch to this plan: you cannot use this program if you have your money in a locked-in RRSP. This

Money held in the account is inaccessible until you retire and

kind of retirement savings plan is much more limited in how it

begin collecting income; even then, there may be some

allows you to access your money, which presents a barrier

withdrawal limits. In only a few circumstances, you can

for those hoping to access this money for their home

withdraw money from a locked-in RRSP, and even these

purchase.

have restrictions.

In this article, we will explore locked-in RRSPs and alternative methods you may be able to use to fund your home

WHY DO PEOPLE USE LOCKED-IN RETIREMENT ACCOUNTS?

purchase when an RRSP withdrawal is off the table.

Based on the restrictions, it may seem strange that anyone would choose to use locked-in RRSP or LIRA. In reality, a

WHAT IS A LOCKED-IN RRSP?

locked-in retirement plan is not something that most people

A locked-in RRSP (and the similar locked-in retirement

opt for because of any sort of inherent benefit of the account.

account, or LIRA) functions in much the same way as a

Instead, the decision to use a locked-in retirement account

MBE BUSINESS MAGAZINE AUGUST 2022

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comes in an instance where it is necessary to do so in order

RRSP at will, so an option like the RRSP Home Buyers’ Plan

to retain a certain amount of retirement funds.

or even a simple withdrawal is out of the question. The only

The most common example is when an employee leaves a

real way to use these funds towards a home purchase would

company with an employee pension plan. Often, the employ-

be to wait until you are retired and can unlock the account.

ee will have the option to take any accrued pension with

However, this is not a viable option for most. Unfortunately,

them, and they will usually be required to place this into a

this means that if you want to buy a home now, you will need

locked-in account. In this way, your former employer can

to look at other options.

guarantee that this money is being used for their intended plan will have its own terms, so be sure to read and under-

WHEN CAN YOU WITHDRAW FUNDS FROM A LOCKED-IN RRSP?

stand the fine print when you start collecting.

Though there are strict restrictions on withdrawing funds

purpose once it is out of their hands. Each company pension

from a locked-in retirement account, there are some cases in The money contributed to a locked-in RRSP or LIRA will not

which financial institutions will allow some money to be

be deducted from your yearly income taxes, though you

withdrawn. These circumstances are usually somewhat

won't pay taxes on it until you begin to withdraw. In addition,

extenuating, and most people will not willingly subject

accrued pension funds will take up a portion of your RRSP

themselves to these cases just for a withdrawal's sake. Some

limit as you grow them at your employer, so this portion of

of the circumstances in which you can unlock funds from

your total potential RRSP value will be locked in.

your locked-in RRSP or LIRA include:

Knowing why people choose to use a locked-in RRSP, the

• If a person is experiencing financial hardships such as loss

choice seems clear. When faced with retaining pension funds

of income or medical expenses. The amount available to be

that you have earned or forfeiting them, it makes clear sense

unlocked will depend on circumstances but can be up to

to want to retain those, even if you won't be able to access

around $32,000 or 50% of the YMPE (Yearly Maximum

them until later.

Pensionable Earnings, or $64,900 as of 2022).

CAN YOU USE YOUR LOCKED-IN ACCOUNT TO BUY A HOME?

• If a person has ceased to be a Canadian resident for more

There is no simple way to access your funds in a locked-in

their retirement account and close the account.

W W W. M B E F O RYOU. C O M

than two years, they are eligible to withdraw the amount in

MBE BUSINESS MAGAZINE AUGUST 2022

• If a person has been found to have a lowered life expectancy,

pay back the loan. However, there may be some benefits. For

as certified by a physician, they may be able to withdraw up to

example, the tax deductions from an RRSP loan will often help

the full amount from their locked-in retirement accounts.

pay off some of the principal, not to mention it can also help you buy your home sooner.

• If a person is 55 or older and the total value in all locked-in accounts and pension plans is less than 50% of the YMPE,

Unfortunately, if you use an RRSP loan in accordance with the

they can withdraw the amount in full.

home buyer's plan, you will now have two monthly payments to take care of. In addition, you will need to ensure that your loan

Withdrawal conditions can be used along with one another,

enters your RRSP at least 90 days before you plan to withdraw

meaning you may be able to make multiple withdrawals if

under the Home Buyers’ Plan.

eligible. For example, if you take an amount of your locked-in threshold for a low account balance withdrawal, you will be able

MAKE USE OF OTHER FIRST-TIME HOME BUYER BENEFITS

to take out the remaining value in the same calendar year or a

When it comes to benefits for first-time home buyers, the Home

subsequent year.

Buyers' Plan is certainly one of the strongest, but it isn't the

As you can see, these options are not exactly something you

only option. There are many options, both federally and

can easily arrange to withdraw funds from your locked-in RRSP,

provincially, that provide some form of help to first-time home

and it will be much easier to find money elsewhere when it

buyers, be it a rebate, tax benefit, or discount on closing costs.

comes time to buy a home.

One such option may be the First-Time Home Buyer Incentive.

account out due to low income, which puts you below the

The government provides home buyers with a shared equity

OTHER OPTIONS THAN USING YOUR LOCKED-IN RRSP

mortgage option in this program. Essentially this means the

If you were hoping to use RRSP funds to buy a home, only to

government will own a share of your home and benefit (or lose)

find that your account is locked in and illegible for withdrawals,

from the change in equity. Under this program, eligible buyers

there may be some other options you can consider to help you

can get 5% or 10% off their home purchase, which could be

with your purchase.

comparable to the value of the HBP.

USE AN UNLOCKED RRSP

Other options such as the Home Buyers Amount, GST / HST

This option may seem obvious, but it bears mentioning. Just

new housing rebates, and land transfer tax discounts can be

because you have a locked-in RRSP, doesn't mean you can't

used by eligible home buyers to reduce the cost of their first

also have a second unlocked RRSP. Even if you can't unlock

home purchase.

the full value of your retirement savings, you can be eligible to take out whatever money is not locked-in.

USE HOME EQUITY If you aren't looking to buy your first home and thus aren't

GET AN RRSP LOAN

eligible for the home buyers plan in the first place, you may still

If you have the contribution room in a standard unlocked RRSP,

want to use your RRSP while incurring taxes, which still won't

you may be able to get an RRSP loan in order to take advan-

be an option with a locked-in RRSP.

tage of the home buyer's plan. Naturally, you will still need to In this case, you may have an existing property with a significant amount of equity that can help you to make a purchase. Borrowing from your home equity is a very popular way for Canadian homeowners to access funds for a variety of different uses, including a home purchase. There are a few options for using your home equity, such as a second mortgage, a home equity line of credit or a home equity loan. Each will come with its own terms and repayment conditions but can be a great way to leverage your existing home equity.

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

How A Mindset Helps

In Shifting To Drive Extraordinary Performance?

DMM DEPARTMENT MB Enterprises

A mindset is a core ingredient while making a shift to drive

A MINDSET MUST ALWAYS BE POSITIVE:

extraordinary performance. It’s the role the mindset plays in

In most cases the switch or a shift that is needed is for a

planning a journey, in creating motivational vibes & finally in

positive mindset instead the other way, i.e. getting negative

driving extraordinary performance. When you are really down

from being positive in mindset. While we are more concerned

& out, while you also feel de-motivated & isolated. The role

with a corporate culture, a mindset needs to be always

that your mindset plays along with the positive thinking is the

positive rather than being negative. It’s your mindset that

real ingredient for change. It’s the ultimate thing that drives

brings you closer to your goals. Thus, making you more

change while acting as a fuel that empowers your success

aware of how to overcome the barrier of fear. Alternatively,

along with your vision. A mindset acts like a stimuli for a

something in mind that makes you feel that you won’t be able

better and improved performance. Hence, while it makes you

to get to your targets. These are vital targets that you need to

feel happy for your achievements while you plan how to build

achieve in any case, i.e. one way or the other.

on it. While driving your vehicle, you know well how to shift gears to

DRIVING EXTRAORDINARY PERFORMANCE NEEDS SHEER HARD WORK:

increase the acceleration. Similarly, in practical life, a positive

With the matter of time in the corporate world, & being a

mindset is a necessity to change your paradigm. It not only

slave to the regular work patterns & culture. Definitely, sooner

widens your vision for future goals, but also helps you expand

rather later you shall realize the importance of sheer hard

that vision with a lot more command on your skills. Through

work for achieving extraordinary performances. Most impor-

the vital tool of mindset, you can considerably bring an

tantly, sheer hard work not only demands skills of profession-

improvement in your approach towards greater holds over

alism, but also a positive mindset. This doesn’t necessarily

your thoughts, your emotions & your vision. Being a visionary

means that you lose the ability to think negative. However,

you must always act positively.

having the right balance for the sake of your goals is an ultimate key. A prime objective that you need to acquire &

Hence, as far as the emotional intelligence aspects are

than improve with the passage of time.

considered, a mindset is the real catalyst in a catalytic reaction. The motivational & happiness emotions are the ones

HARDWORK IS EVIDENT THROUGH RESULTS:

that are triggered due to a positive mindset. Something that

Just like ‘Seeing is believing’, similarly, hard work is evident

can easily lift you up from situations that are really down &

through results. These are results that determines that you

out. Mindset even makes you far more professional in terms

have been successful in working hard for your goals in your

of target achievements & planning.

pathway of success. Extraordinary performance through

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

sheer hard work is a phenomenon which has hardly got an

Proper planning on every level of your journey is a key

alternative. Neither, you would be in need of any if you know

ingredient of success as it refreshes your mindset. Hence,

that your results are dependent on your hard work. In fact, it’s

making you realize practically what you can achieve & what

the results that reveals true success while you are in sight of

needs to be done to achieve that.

your daily milestones. All these things in the corporate world are the drivers of a

A MINDSET HELPS IN THE EXPANSION OF THE VISION:

mindset that as a business leader, a professional or a

Even after a series of consistent failures, it’s the mindset that

visionary you have cultivated with time. However, best results

helps in the expansion of the vision. It not only broadens your

are always generated when you know when the best time to

horizons, but also refreshes your mind for better results. While

make a shift is and how to shift to the next level to drive

you get de-motivated & destroyed, the horizon needs to be

extraordinary performance. At the end of the day, the results

broadened & needs to be re-calculated. Thus, a mindset

counts more than anything.

actually helps in making it more realistic, achievable & far more profitable. Hence, as compared to a negative mindset that makes you tentative, hesitant & highly careful in the process of decision making.

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

CROSSWORD PUZZLE

Political Commentary ACROSS 1 Three sharps key: abbr. 5 Entinct New Zealand ratites 9 Unfamiliar with 14 Sots’ spots 15 Head of the Pharaohs 17 Government welfare program 19 Half of one is better than none, it is said 20 Affixes one’s John Hancock 21 India neighbor: Abbr. 22 Child of your unc 24 Uno y uno 26 Government transportation program 35 “Say what?” 36 Andean animal 37 Emmy-winning title role for Sally Field 38 “The very ______!” 40 Handy ______ (good fix-it guys) 42 Sluggin’ Sammy 43 Old-time actress Palmer 45 “Not as ______” 47 Author Deighton 48 Government fiscal program 51 Three times, in prescriptions 52 Hydroelectric project 53 Brit. record label 56 “Reality _____” 60 Honda model 64 Government military program 67 Boxing at close quarters 68 Tabula _______ 69 Animated features, briefly 70 _____ lily 71 “Now ______ me down to sleep” Down 1 “Mamma Mia” pop group 2 Kind of drop 3 Jason’s ship 4 “Brandenburg Concerto” composer, briefly

5 AOL alternative 6 Thousand _______, Calif. 7 Prefix with dextrous 8 Like bachelor parties 9 Ozzie, Harriet, David, and Ricky 10 Anka’s “______ Beso” 11 Trounce 12 Breezy “See ya!” 13 Trans-Siberian Railroad city 16 Caste member 18 Org. that merged with the CIO 23 Emile of French literature 25 “The ______ the limit!” 26 Youngster 27 War hero and film actor

Murphy 28 Book keeper 29 Charged 30 Some naval offs. 31 Basic hoops shot 32 Carlo Levi’s “Christ Stopped at _______” 33 Out of bed 34 Faddish Lingo 39 Landed 41 Iditarod vehicle 44 Hangover helpers 46 Word before coffee or linen 50 Composer Shostakovich 53 Do some cutting, maybe 54 The “kissing disease”, familiarly

55 Data 57 Motorists’ citation: Abbr. 58 Falco of “The Sopranos” 59 Dance partner 61 Saltimbocca ingredient 62 “Casablanca” heroine 63 Kind of court 65 One-third of a canine movie star 66 Vietnam’s ______ Dinh Diem

See previous issue answers on page # 21 W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

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E-Commerce

Increasing The Customer Foot Traffic In A Retail Environment

DMM DEPARTMENT MB Enterprises

The retail industry saw some significant lows while switching

• The coordination of marketing as well as sales efforts

to the alternative, i.e. shopping online more frequently. A key

through social media.

reason for this being the COVID-19 & the amount of restrictions due to the same which resulted in many retail shut

• Implementing a Buy online & Pick up in store, i.e. BOPIS

downs as well as restricted the customer foot traffic. The

sales strategy.

effects of this are still the same, however, while we are in the

• Being more creative & adjusting to shifts in the consumer

year 2022, there are efforts that are still being taken to bring

demands

back the levels of customer foot traffic back to the normal.

• Applying the footfall & analytics to the marketing & sales.

Yes, it’s true, we are not in 2021, we are presently in the year 2022 & retail industry must switch back to the same hustle & bustle & the buzz that has always been associated with the

All these are explained & discussed in more detail below;

retail sector. A glowing sector in Canada that is known for the

Be More Creative:

customer’s foot traffic & the growing CFT especially at the

As an eager & proactive retailer you have to be far more

end of the year. These are the times in Canada which are

creative for the sake of increasing the Customer Foot Traffic.

known for massive retail discount offers that includes Boxing

A figure which has large dependencies on the sales targets.

day sales, Christmas Sales, New Year’s Eve & finally New

These can be achieved through several creative ideas worth

Year’s Sales.

considering for the physical retail store. These ideas includes,

HOW THE ‘CFT’ CAN BE IMPROVED IN 2022?

the proper management of the storefront & the displays. Also, through the use of new & improved technologies that can be

All these days were followed last year in 2021 as well, but

used within the store. While determining the layout of the

unfortunately they were not the same mainly due to the

store its best to conduct market research activities with good

effects that the pandemic had left on the minds of the people.

effect. Finally, grabbing the attention of the potential custom-

Consumers in the retail sector that never were bothered in

ers through attractive signage.

yester years were the ones who contributed heavily to massive lows in Customer Foot Traffic. However, there are

Making Good Use of the BOPIS Sales Strategy:

certain methods & certain procedures that retailers have

BOPIS, also known as Buy Online & Pickup In-Store is a mix

started to look for as practices in 2022. Furthermore, they

sales strategy that trains customers for coming in-store for the

should stick with these practices for the rest of the year so

sake of pickups of their orders. A strategy that increases the

that the CFT gets back to its normal figures.

Customer Foot Traffic, thus, bringing them in-store for sake of

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

merchandising & attracting them for shopping in the attractive retail environments. It’s a strategy that develops in the

Making Use of Customer Data & Analytics: Increasing the CFT through the use of Customer Data &

customer a sense of eagerness and an urge to go for

analytics are the basis of competitive success in retail

shopping in the retail environment.

marketing. Helps in making retail marketing strategies that are necessary for the sake of binding customer’s in-store.

The increased flow of the customers due to BOPIS also

For the sake of gathering customer data & analytics, it’s

improves the association in-store sales. Especially, if the

important for the retailers to make a start via a customer

strategy is properly implemented is also a good marketing

loyalty program. Furthermore, use the program for the

strategy. According to a survey approximately 61% of the

collection of data on any customer that makes a purchase at

customers make an additional purchase when receiving a

the store.

BOPIS order.

Best Utilization of the Social Media Platforms:

All the above for the sake of increasing the Customer Foot

Make exceptional use of the social media platforms regards

Traffic in the retail sector in 2022 are key strategies for

to discounts, offers & seasonal campaigns.

bringing sales volume back prior to the pandemic. Especially, the BOPIS sales strategy, i.e. Buy Online Pay In-Store is a

The primary platforms for social media includes Facebook,

useful strategy in retail sector that helps in bringing the CFT

Twitter & Instagram. The Secondary platforms includes

levels back to normal. Retail environments in various different

YouTube, Pinterest, & LinkedIn and finally the Tertiary

segments must also focus more proactively in creative

platforms includes Snapchat & Tik Tok. All these social media

marketing as part of critical marketing strategies.

platforms includes the best & most comprehensive usage of digital marketing via social media for the sake of promotional strategies.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

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MEGA TRENDS SHAPING THE POST PANDEMIC DIGITAL TRANSFORMATION

DMM DEPARTMENT MB Enterprises

This is the era of the digital transformation & post pandemic

It’s however important to realize for the human race how the

has seen a digital shift which can’t in any way move back.

pandemic has changed the way we live & how we work. The

After seeing one of the most challenging times in our lives

flexibility is amazing, however, the switch was truly exemplary

during the pandemic, there is no reason we have to be

& something that came as a mandatory requirement.

optimistic although we have moved smoothly in 2022. The reason being the pandemic and what impacts that the world

Here are some of the megatrends discussed briefly;

has undergone recently are truly something that can’t be ignored. However, here we shall going to have a look at some

THE DIGITIZATION OF THE EMPLOYEE EXPERIENCE:

of the megatrends & how possibly these megatrends have

The businesses all over the globe have long prioritized

been a cause of digital transformations all over the world.

customer-facing solutions, an example being contactless

includes people working remotely in A N Y PThese R O Ftransformations ILE

payments. However, it’s just as important to digitize the

many different parts of the world & making remote work a

employee experience particularly when they are not tangibly

norm of this modern era. Last year, i.e. 2021 was truly a year

present in the office. In this era of post pandemic, finding the

that was about laying new foundation needed to grow in

creative ways for the sake of employee engagement shall be

exciting new ways.

more important than ever. On top of this, the companies will invest heavily in digitizing the employee experience in future

These megatrends will yield the unity of the world in terms of

years if need arise.

the digital transformations & how significantly the world has adopted to this culture of working remotely. The post pandem-

A massive way that shall automatically help in improving

ic digital transformation has definitely been a source of

employee engagement is the adoption of the tools. These are

security not only for the people but also for many businesses

the tools that micro-target employees for their feedback on

that has struggled for the survival. Yes, we are talking about

workplace cultures. Also, includes support programs as well

small businesses & new setups that could have collapsed

as career development needs. Here, it simply creates a

while many did due to the effects of the pandemic COVID-19.

personalization that is quiet similar to the way brands use

A massive turning point in the life & history of many people &

target marketing. That is, the way they target customers & the

many companies.

most wanted consumers for the sake of promotional offers. These are in most cases customized to huge extents.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

Also, regards to the workflows, the teams needs to streamline

more and more companies pinching in learn in to know how

the workflows while taking full advantage of automation

they can interact as well as retain diverse talents. Hence,

where possible. Hence, so that the employees aren’t

while those companies who are trendsetters in the industry

overwhelmed with the regular changes.

and have already embedded these practices into the fabric of their culture. Those are the ones that will truly enjoy their

The Growing Influence of the Internet of Behavior:

competitive advantage at the max. This means being aware of

With the change in the megatrends dedicated to massive

the situation well in advance & keep up with the megatrends.

digital transformations, the use of internet has increased. The consumption of an average person use of the internet through

All these megatrends shows the power of the internet & the

connected devices is a figure that shows how companies are

World Wide Web that have shaped the future of the compa-

using the internet. Particularly, for the sake of finding the

nies post pandemic. This is true not only in terms of security

consumer’s behaviors & their trends while it is known as the

& bringing stability while being active from home. But an

internet of behavior.

aspect that has shown new windows of prosperity while taking care of a certain situation or a calamity that can arise

Competitive advantage truly emerges when firms create

all of a sudden. Hence, if something like this happens again, it

detailed snapshots of their customers. The internet of

will be a huge cause of an increase in the megatrends more

behavior has an influence that grows with the consumption of

than the transformation towards digitization.

internet both from home and work places. Thus, for the sake of analysts from companies to use the terms even more frequently, i.e. the growing influence of the internet of behavior.

Embraces Diversity & Inclusion: Embracing diversity and inclusion increases the profits, revenue & finally innovation. The culture of diversity is much better for the business & much better for the economy. As

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

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Now is the best time to move to Canada, why?”

DMM DEPARTMENT MB Enterprises

Many immigration experts in Canada believes that now is the

Let’s find out some of them;

best time to move to Canada. There are reasons for this which are evident since the effects of the pandemic has

CANADA IS AN ECONOMY THAT IS BOOMING EVERYDAY:

started to perish & things are moving towards normality.

Canada surely stands proudly in some of the booming economies of the world due to many reasons that are

Credited largely to increased immigration targets & a boom-

obvious. The living standards, the benefits it provides for the

ing economy, the current year, i.e. 2022 is a very good year

people, the infrastructure & finally the GDP, i.e. Gross

for the sake of migrating to the great country Canada. This is

Domestic Product. These are key stats & facts that have

all despite the impacts caused by COVID-19, Canada

proved that Canada is a fast booming economy & amongst

welcomed more permanent residents in the year 2021 than

the top most nations of the world. A country that is part of the

ever before in the country’s rich immigration history. Yes, it’s

G7 nations, rest of them being United States, United

an absolute fact, Canada achieved record high figures, and

Kingdom, Germany, Japan, Italy & France. Importantly,

i.e. they broke all records in their immigration history in the

Canada holds a massive say in the international arena &

year 2021. If Canada achieved their migration targets & went

regards to having a political ideology. Rest of the countries in

on to break the records, importantly, this year, i.e. 2022 is

G7 are those who enjoy having huge immigration numbers

ironically the best time to think for the immigration. Surprising-

annually are United States, United Kingdom, Italy & Germany,

ly, the country aims to welcome even more newcomers than

& Canada stands proud amongst these four.

what they achieved last year, i.e. 2021. Its strong economy & a secure job market truly shows that We still want to ask the reason that the amount of people

Canada’s need for their foreign workers increases. Therefore,

wanting to immigrate to Canada is increasing? Is it the

it is surely a good news for the prospective permanent

economy, which is booming every day? Is it the famous

residents & work permit seekers.

American dream, which has moved & inclined towards Canada than United States? Finally, is it the rich academic

The Famous American Dream, Is Now A Canadian Dream:

standards that are the real need of the people thinking to

Both United States & Canada are part of the great continent

migrate for the purpose of study & later permanent

North America. However, the famous slang attached with ‘The

settlement? There are many good reasons for this change,

American Dream’, has these days, especially due to the

obviously, one of the key ones is the change in standards that

effects of the post-pandemic switched to being a ‘Canadian

has moved towards being more cultured, academically sound

Dream’. Is it a joke, some 35 - 40 years back, it might have

& a vast improvement in teaching standards.

seemed one, however, today it’s a possibility that is very

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

common. You think, you Aim & You Achieve. According to

journey. A journey that has improved since last many years

stats from IRCC, Canada’s immigration numbers have grown

due to the number of people coming from various different

by 44%, i.e. from 2017 to 2021. On the other side of the

countries. It was hard to meet up with the demands &

border, i.e. in United States, the numbers have fallen down

increase the processing speed, especially in times of

incredibly to 40% between 2016 & 2020.

COVID-19. However, still the Canadian Govt. in alliance with the IRCC achieved their targets most efficiently.

Even the American companies are looking towards Canada

Canada Is A Country That Is Student-Friendly:

for better opportunities to recruit overseas skilled workers. Canada is a very student-friendly country & last year, i.e.

A Highly Improved Immigration System:

2021 Canada welcomed 400,000 international students from

The Canadian immigration system has improved dynamically

countries across the globe. Amazing stats for a country that

and a huge credit goes to the IRCC & the speeding up

has competed countries like USA, UK & Australia in the list of

process. COVID-19, after having caused so many obstacles

international students coming yearly. In the year 2020,

has indeed paved the way for Canada to implement a highly

Canada hosted over 500,000 int. students at the post-second-

efficient system. A system that is far more responsive and the

ary education level.

processing pace has been raised despite a substantial application backlog in recent months. In the yester years

The environment is student-friendly & the universities are

especially, the Canadian authorities including IRCC has

highly standardized & according to the modern standards of

streamlined many application processes, vitally to meet the

education as far as the academics are concerned. Apart from

country’s labor demands. Labor works in Canada’s 13

this, studying in Canada opens lots of doors for immigrating

provinces & territories and are dependent on daily minimum

to Canada permanently.

wages that vary according to the provinces & territories. The best thing for the foreign nationals is that the pandemic won’t restrict them if they are interested to make a move towards Canada. This has also been identified as a great opportunity & a huge beginning of Canadian immigration W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

PRINCIPLES OF A GREEN ECONOMY & EXPLORING WHAT IT LOOKS LIKE IN TERMS OF SUSTAINABILITY DMM DEPARTMENT MB Enterprises

A Green economy lies on certain key

energy efficient for the sake of smart

All these principles revolves around

principles that are a mandatory factor

results in terms of Green develop-

the concept of environmental

for the sake of future green develop-

ments.

sustenance & making world a far

ments. Similarly, the Canadian

better place to live & survive. Well, it’s

economy rests on certain principles

The principles of Green economy

the survival of the fittest & the

that can be termed as Green by the

includes the vision for a fair & green

survival highly demands a substantial

universal law of ‘Green Ideology’. ‘Go

economic future. A future that truly

change in terms of the globalized

Green’, a common saying, a concept

makes green developments a critical

efforts for the sake of environmental

& an ideology in the environmental

part of the economic developments.

sustenance.

world is purely raising concerns &

These principles includes The

eyebrows regards to the value of

Wellbeing Principle, The Justice

Here are the principles of Green

green developments. These includes

Principle, The Good Governance

economy discussed in detail;

developments for climate change,

Principle, & finally The Efficiency &

environmental sustainability & being

Sufficiency Principle.

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

1. The Wellbeing Principle:

This principle effectively addresses the challenge of creating

It’s the wellbeing principle that is the number one principle of

prosperity within the planetary boundaries. Hence, an inclusive

the green economy that enables the people to enjoy & create

green economy comprises of low carbon, resource-conserving,

prosperity. In fact the main aim of this vital principle revolves

diverse & circular. Also embraces new models of economic

around the prosperity factor which is a number one demand for

development efficiently. In terms of the sufficiency elements, it

a green economy. The green economy is people-centered

recognizes a ‘social floor’ of basic goods & services consump-

economy & the purpose is to create genuine & shared prosperi-

tion, something that is essential in meeting people’s wellbeing

ty.

& dignity. The level of recognition is high regards to the fact that there must be a significant global shift for the sake of consumption of natural resources to physically sustainable levels. A huge reliance if there is a need to remain within the planetary boundaries.

3. The Good Governance Principle: The principle of good governance is the most vital principle of the green economy. Here the green economy is guided by accountable, integrated & highly resilient institutions. Governance is always a key as it controls the quality factor apart from many other factors that are linked together. Here, the economy is evidence-based & the norms & institutions revolves around both science & economy along with the local knowledge needed for the sake of adaptive strategy. The economy is highly supported by institutions that are integrated, collaborative & finally coherent. The good governance principle also builds a financial system with the core purpose of delivering wellbeing & sustainability A vital focus of the green economy is growing health that will

which is setup in ways to safely serve the interest of the

support wellbeing. Ironically, as the environment plays a

society. Hence, acting as a corporate governance shield for the

massive role for the people’s health & well-being apart from

variable interests of the society.

their long life, i.e. the life expectancy. Also, prioritizes the investment and access to the sustainable natural systems, the

4. The Justice Principle:

infrastructure knowledge, and finally the amount of education

Now, we shall be discussing another core principle which is

needed for the people to prosper in a healthy environment.

indeed significant in terms of various factors concerning the

The wellbeing principle is enriched in terms of other vital

justice. It’s called the ‘Justice principle’ as the green economy

measurements that includes opportunities for green and

promotes equity within & between generations. This principle

decent livelihoods, enterprises and jobs.

makes the green economy being non-discriminatory, i.e. no discrimination while it shares decision-making, benefits & costs

2. The Efficiency & Sufficiency Principle:

fairly. Hence, fairness is key as it’s so evident & ironic from the

A key principle from the green economy is the efficiency &

name, i.e. ‘Justice Principle’. It very clearly & effectively avoids

sufficiency principle which makes the economy an ideal one in

the elite capture & supports the women empowerment. Thus,

terms of the resources. In this kind of a principle, the green

making it complete in terms of the Justice Values & principles

economy is geared up for the sake of giving support to

& how justice must prevail in a society that is lacking the true

sustainable consumption & production. Thus, an understanding

treatment of justice.

of the sufficiency principle is understood in much better & much improved ways.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

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PROSOPAGNOSIA, FACE BLINDNESS, ITS SYMPTOMS & CAUSES DMM DEPARTMENT MB Enterprises

Prosopagnosia, is a health condition

to do anything with your actual vision.

in people that are below 50 as well.

or a disease in which a person is

While you can still see a person’s

Some people who are patients of

unable to identify a person’s face. The

face clearly, prosopagnosia may

prosopagnosia also think that it’s a

health condition is also known

make it hard to understand who they

similar face or the clear vision of their

commonly as face blindness and it is

are at first glance. Debates like, ‘did

face is slightly loss in the mind of the

a fact that most people are born with

he recognized me or not’? Or why

patients. Obviously, it’s not indeed a

it. However, some people tend to

didn’t he recognized me when he saw

problem for those faces whom they

have this disease due to a head

me clearly? Are questions that arise

see every day, i.e. on a much regular

injury. It’s a disease that can affect

in minds of people who are ignored

basis.

your daily schedule. Hence, a person

by patients of prosopagnosia?

with the disease or someone who

However, the answer is simply, it’s not

Here are some of the causes along

has the disease, but doesn’t know

true. The person is not trying to

with the symptoms;

about it. In several cases such a

ignore you, but the fact is that the

person may not be able to even

person was unable to recognize your

quickly recognize your family

face in the first place. A disease

MOST COMMON CAUSES OF PROSOPAGNOSIA:

members, your close friends or your

which is more commonly seen in

It is a disease which one can get due

partners if you have such a disorder.

people who are higher than age 50.

to a head injury. This head injury

However, this disorder doesn’t have

But, at the same time, it can be seen

might not be that damaging from the

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

2. Developmental Prosopagnosia: This is the other type, and this is a condition that you could have without any brain damage. Some data simply shows that there could be a genetic factor that becomes a cause of developmental prosopagnosia. Most people having this type, have at least one member of the family having the disorder with them. This family member needs to be a close one, as it tends to be an inherited mental disorder in case of being the developmental prosopagnosia. Most people born with the condition of developmental prosopagnosia are the ones who doesn’t even know about it unless they are diagnosed by a doctor. Research & stats have shown very clearly that more people have developmental instead of acquired prosopagnosia. This clearly shows that most people are born with the disease, i.e. the mental health condition rather than getting it from an injury. It is part of an amnesia or memory loss, but it is mainly related with face blindness or having a tendency to not recognize faces. The disease has levels that indicate that it is at minor or basic level, or at higher levels depending on the age & the type of symptoms that are evident in the patient. People who have this disease can have social issues & problems which they need to resolve. They can also have problems that relates to relationship issues & later turning into major problems. The best thing regards to this is have a outside, however, from the inside the effects are far higher. At

doctor’s or an expert’s advice. All memory related problems

the same time, on the other hand, you might have been born

can be sorted with regular brain therapies.

with the disorder. There are two forms of the disorder or this mental health condition. These are acquired prosopagnosia & developmental Prosopagnosia. Here are the two briefly discussed below;

1. Acquired Prosopagnosia: This type of prosopagnosia happens after damage to your brain. It often involves certain areas that controls your brains for perceptions & memory, i.e. your occipital lobes and temporal lobes. A form which is very rare as most people will notice to have this form as they no longer have the capacity to identify people like the way they did before. Some people tend to mix it with the age factor, however, it’s not true, and it has nothing to do much with age, only slightly linked with the age factor. However, if you got this once you were a child, you may not be able to tell that you have it. After going through certain traumas & events in life that effects the brain function or outlaying the effects like a stroke. This may also cause prosopagnosia. It also suggests that facial blindness doesn’t start in one area of your brain. On the contrary, it might happen because of various brain complications.

MBE BUSINESS MAGAZINE AUGUST 2022

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MBE BUSINESS MAGAZINE AUGUST 2022

THE CANADIAN NATIONAL EXHIBITION (CNE) 19th AUGUST TO 5th SEPTEMBER 2022 DMM DEPARTMENT MB Enterprises

Canadian National Exhibition also

dates back almost 150 years back in

i.e. five years post-independence

known as CNE is taking place on the

time.

when the Dominion of Canada was

19th of August 2022’ & finishing on

officially established as a self-govern-

the 5th of September 2022’. It’s an

The exhibition has a history & a core

ing entity within the British Empire. A

exhibition that takes place in Toronto.

objective as it was founded for the

date that was achieved with passage

sake of showcasing Canada’s

of the British North America Act.

It is better known as ‘The Ex’ to the

agricultural & scientific progress. As

locals is the event that Toronto’s

150 years from today, i.e. 1872,

In this era of science & technology

beloved exhibition place is named for.

Canada started making some iconic

that evolves in every other field these

If we say that there is lot to see in the

& amazing agricultural & scientific

days the exhibition is still a fantastic

CNE or Canadian National Exhibition

progress. That was also an era of the

opportunity to see cutting-edge tech

would be an understatement.

revolution that has helped reformed

like the Vertical Hydroponics exhibit.

However, it’s a fact that this is

Canada to what it is today. An era just

Furthermore, the eSports tourna-

Canada’s biggest annual exhibition &

after the independence of Canada,

ments and the CNE Gaming Garage.

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

SOME HISTORY THAT RELATES TO THE EXHIBITION:

beauty attached with Northern Ontario, cities like Toronto &

There is lot of history throughout the Exhibition Place. This

Ottawa that are part of Ontario & other vital provinces like the

includes an 18th century log cabin which is the oldest surviving

British Columbia. A province that holds gorgeous cities like

structure in the Toronto City. Also, fun traditions like the butter

Vancouver & Edmonton, the capital of British Columbia. We

sculpture competition.

are dealing with the modern values of Canada, but truly it’s a country that is a mix of many things, it’s multicultural as well as

Apart from these, can’t ignore or miss the exhibit hosted by

multi-lingual.

The Mississauga’s of the Credit First Nation. Furthermore, some delicious treats in the Toronto Star Food Building. Quality

Destination Toronto is the official convention information

food as the food building is packed with samples of Toronto’s

bureau based in Toronto, Canada. Also, it’s the official organiza-

best local restaurants that are equipped with options for those

tion that is a key part of the Tourism industry in Canada that

with religious or wellness-related food restrictions.

promotes Tourism in Toronto. The activities of the organization are diversified in terms of the promotion of Toronto that needs

SHOPPING EXPERIENCES:

no introduction to the world. It’s already a famous place for the

Apart from the food, it’s a great place for the shopping experi-

students coming to Canada from many different parts of the

ence which you will never miss if you love shopping. Apart from

world as well as highlights major events, exhibitions & sports

the shopping, a classical carnival midway at the Ex to keep

events of different kind taking place in Toronto. A city that is

you on your toes. While shopping around & looking for great

growing every day in terms of values attached to Tourism &

offers especially blended in the exhibition, you can’t miss the

migrations.

experience of live music. This is amalgamated with talent performances from general public for the sake of people’s enjoyment. Finally, a family-favorite Labor Day weekend airshow. An airshow that marks the 150th anniversary of the exhibition that’s taking place this year as well as speaks volumes for Canada’s progress in science & technology. If you are thinking to visit Toronto in mid-August, you can’t certainly miss this exhibition which is a landmark in the rich cultural history of Toronto. A vibrant city that is a very important part of Ontario & is a hub for Canada’s regional activities that relates to commerce & arts.

CNE HIGHLIGHTS 2022: Some of the key things to do at Canadian National Exhibition 2022 are summed up as follows; • Live music performances by Artists like Buffy Sainte-Marie as well as a Tribe called Red & Rival sons. • Exhibition on Arts & Crafts, home and garden & world cultures. • Markets & shopping. • Special exhibitions like past displays of National Geographic photography, topiary displays and end-of-summer garden shows.

HOW IT HELPS IN PROMOTING TOURISM? CNE or Canadian National Exhibition is one of the key events that not only promotes shopping, food & culture of Canada. It also promotes Tourism, Cultural Tourism & Int. Tourism Values in highly unique & significant ways. Tourism industry is a huge industry for Canada, i.e. an industry that generates billions of Canadian dollars every year. Largely, due to the significant

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

TODAY YOU ARE A LOSER, TOMORROW YOU WILL WIN DIGITAL MEDIA MARKETING MB Enterprises Today, you are a loser & down & out

always not the same. The highs & the

persistence & an analysis of the

due to the challenges of life. However,

lows of life can affect any body as the

failures. All these things can easily

it’s not the end of the world as you can

intensity of the challenges depends

turn the tables for you, while taking

be a winner tomorrow. If today, people

from one person to another. You just

you from a loss scenario to a profita-

tend to pity on you, tomorrow they will

have to be flexible to handle the twist

ble position in life & in your business

be your fan if you prove your mettle to

& turns of life & how these can affect

matters. It not that difficult, than it

the world.

you. Just as a cat while jumping from

seems, however, what it needs is the

a roof, only lands on the toes. Similar-

eagerness as well as the determina-

It’s just about taking the challenges of

ly, at the end of the day after all the

tion that you can turn the tables for

life & be a winner rather than turn your

struggles & the challenges, you

yourself. Be more proactive, more

back to the daily life challenges. These

should land up with a positive & some

eager & have higher energy levels for

are everyday challenges that arise in

optimistic results. That’s is, the results

the sake of problem solving complex

every people’s life & can shatter the

that matter for you, your family & your

situations. Furthermore, while

dreams of even the most enthusiastic

well-wishers.

highlighting the hindrances & sorting

& the hard working.

them out.

BEST WAYS TO TURN THE TABLES FOR YOU: Best ways to turn the tables for you,

HOW A FAILURE OR A LOSS CAN MOTIVATE YOU?

If you are made to win, it must stay

your family & the loved ones is

Failures and losses can sometimes

that way, however, it doesn’t as life is

through planning, implementation,

have an opposite impact. This is

MADE TO WIN, MUST STAY THAT WAY:

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

similar to the Newton’s law that says, every action has an

key thing is the direction that matters for someone for whom

equal & opposite reaction. The reaction of a failure or a loss

winning is a vital necessity and a key agenda.

can motivate you, provided that you learn from your failures & be a bit more concerned for what needs to be done in the

Why positive vibes matter for a better tomorrow is justifiably

near future.

for the sake of changing your approach towards handling a task. A key project or a situation that you need to handle with

It’s the fear of a failure that prepares you towards getting

care. Being negative will only make you lag behind & lacking

things more organized & preparing yourself for the big picture.

in the right approach. Just bring in the change in the way you

Don’t be de-motivated by failures as they are bound to make

think for a better tomorrow.

you down & divert you from your goals. In such a situation its best indeed to brainstorm your failures & try & get out of them

ADMIT YOUR MISTAKES TO BRING IN THE CHANGE:

with a highly proactive & unique approach. Why it needs to be

Have a higher attitude of admitting your blunders & things

unique, justifiably, as uniqueness counts in multiple ways than

that you have committed wrongly. It’s the admittance with the

one can think. Something different might give you better

attitude that makes you an eager learner from your past. A

results than something that you have already tried before.

past failure that might have affected your outcomes or your position in a company or a family business.

MAKE SURE THERE IS A DIFFERENCE BETWEEN TODAY & TOMORROW:

‘It’s my mistake, I did that wrong’, is something that will

There has to be a huge difference between today & tomorrow

definitely make you feel good after you have done something

as your life might have changed in a matter of days. However,

which has proved costly. Just to make you more careful rather

if you need to mend the ways, take on your life challenges

than being a carefree person & taking lots of things for

strategically & make a difference. Just draw a line between

granted.

today & tomorrow. The difference depends on your attitude of handling the challenges while you don’t be an escapist. Apart from the attitude, it’s your approach that brings the real twist in the tail. Be an optimistic, as you have nothing left to lose, and you can change the tomorrow with a good positive approach. Another

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

Tourism Destinations In New Brunswick ‘Destinations To Remember For A Lifetime’ DIGITAL MEDIA MARKETING MB Enterprises New Brunswick, one of the provinces

excels to higher levels in terms of true

Hopewell Rocks, Fundy National Park,

of Canada that ranks 11th overall in

elements of natural beauty. Compli-

and Swallowtail Light station are some

terms of its area amongst the total 13

ments Canada in many ways while the

of the few gorgeous places for the

provinces & territories of Canada. The

appreciation is more inclined towards

nature lovers. Also, includes Mount

province is a mix of natural beauty

the excellence in the way nature has

Carleton Provincial Park, a natural

elements that includes the

been conserved for people coming to

heritage park as well as Miramichi

landscapes, rivers, gardens, &

Canada.

river which is one of the most

gorgeous and outstanding provincial

gorgeous rivers in Canada. All these

parks. It is the only province of

People coming as tourists to the

are places that compliments nature in

Canada that has two official languag-

Province New Brunswick are the true

more than one ways & signifies why

es, i.e. French & English due to the

lovers of nature & they can even be

Canada is a land of beauty.

diversified people from the two

termed as the ones who are crazy for

Here are some of the most outstand-

different regions of Europe that

environment Canada. The passion

ing attractions in Canada;

resides in Canada. Canada is a land

they hold for outdoors is indeed a

of 10 provinces & 3 territories and

huge passion for the people who are

THE BAY OF FUNDY:

some of them are known for their

the worshippers of nature while they

The Bay of Fundy as it is known in

natural beauty & landscapes more

give heavy tributes to what beholds for

Canada is home to the highest tides in

than the other. The province that ranks

Canada in terms of its natural beauty.

the world & indeed is a true natural

11th in area is one of them which

Places like the Bay of Fundy,

wonder. Yes, we are talking about

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

these giant tides that are formed naturally due to 100 billion

is all covered in snow in the winters is yet another gorgeous

tonnes of sea water and can rise up to 14 meters twice every

holiday spot for the tourists. It is more than 44,000 acres of

single day. It’s a phenomenon that has been taking place

area that you would enjoy & love in the Carleton Provincial

since centuries, and something that has shaped the unique

Park, one of the most beautiful provincial parks in Canada. It

landscape of the entire coastline as well as the entire region

is famous for hiking and you would certainly find some hikers

which is famously known as Bay of Fundy.

who love to test their hiking expertise and their spirits. If you

People coming to explore the bay can take many ways to

love the hiking challenges try & reach the top spot at Mount

explore the gorgeous landscapes while some of them love to

Carleton, which at 820 meters above the sea level is the

walk the ocean floor at the Hopewell rocks into the bay at

highest peak in the Maritimes. It’s an area from where you

Cape Enrage. Many come for the sake of whale-watching as

can see the wooded trees and forests that makes the park a

they board a boat. Some of them are lovers of photography

true symbol of beauty.

as they love taking pictures of whales. There are plenty of things to do in the Bay of Fundy and we need to be there for

People coming to the park for outdoors love nature while they

a far more thrilling experience.

spend time canoeing, wild life watching, ice fishing, and mountain biking & stargazing. Just go for the sake of adven-

THE FUNDY NATIONAL PARK:

ture and pack your bags to enjoy Mount Carleton Provincial

The Fundy National Park like many national parks in the

Park, known for many of its outdoor activities.

world is truly a gorgeous place for the tourists who love watching natural parks & nature more closely. It is home to

MIRAMICHI RIVER:

the same high tides, however, a lot to see and do at the

Another gorgeous place in the province New Brunswick and

Fundy national park. It can even be called an outdoor

something that shall bring you much closer to nature is the

adventure seeker’s paradise and heavens for those who just

Miramichi River. The waterway is famous for fishing as people

adore nature. Over 120 Kilometers of walking & hiking trials at

love to grab one of the largest Atlantic salmon that runs on

Fundy National Park will surely bring your much more closer

the East Coast. Known as ‘The king of fish’, the Atlantic

to the mountains, into valleys and past waterfalls and the

salmon is part of the many endangered species in Canada &

forests.

is found in East Coast & is one of the most delicious of all the salmons.

People who just adore outdoor fun love to play a round of golf as well as spend the afternoon at the tennis courts. Alterna-

Learn more about the waterway and the region in the river

tively, they would love taking part in the many annual festivals

boat while you go on the nature walk on the shoreline. Other

and kick-on with the celebrations.

things people love doing across the river is bear-watching as bears are part of the ecology around the Miramichi. Definitely,

THE MOUNT CARLETON PROVINCIAL PARK:

once you get there, you won’t be starved of the many ways of

Mount Carleton Provincial Park, a gorgeous holiday spot that

exploring & experiencing Miramichi River.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE AUGUST 2022

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horoscopes

AUGUST 2022 LEO Leo 2022 Horoscope:- Lights, Camera, Action

Horoscope 2022 Leo:- Money Is For Spending

2022 is going to be an action-oriented year for the majestic

Leos are known to be all out and out when it comes to

lion. Leos this year may focus more on action than on

expenditure. They love a good luxurious life, and they love

planning and executing. Planning and implementing is one

spending on items that they love.

of the niches for the Leo zodiac sign.

However, the good thing about the Lion is that they maintain

The results of your actions would be as per the efforts that

the balance even when they spend. They think before they

you put. So, don’t complete in haste or mindlessly if you

pay. They are mindful of their expenses as well as their

want good results as the work that you may mindlessly do or

splurges. They do not spend rashly, and this makes you

for the sake of doing may not get desirable results. So,

unique over your peers.

fasten your belt and get going into the activities.

2022 Leo Horoscope:- Juggle and Balance

Leo Horoscope for 2022:- Be Even More Alert Although you are pretty alert regarding spending money, it is

The year is about balance and making the right

crucial to be more attentive to funds and access the

choice—choices in both your professional and personal life.

property. Do not be in a hurry to invest. Do proper research

You may have to juggle between work and home.

before you invest, and also make sure you have verified the

There may be some tough decisions that may need to be

leads entirely and thoroughly.

made, and the decision you make could be rewarding. In fact, not only would they be rewarded for the present, but it

So, do not be in a hurry to invest without verifying all the

would also be rewarding for the future.

ends.

And Alas, 2022 is the year where you find the right balance between your work and personal life.

If you are looking to invest jointly, be it friends, family, or partners, make sure that you mention the share clearly to avoid disputes and differences. This could be a reason to

MBE BUSINESS MAGAZINE AUGUST 2022

W W W. M B E F O RYOU. C O M

draw a wedge in your relationship. So if you take a careful

something special according to their likings. Try not to get into

move now, it could lead to you not running into problems.

arguments or fights. It is one of the best times, and do not waste it on petty matters.

Horoscope for Leo Year 2022:- Planning Is the Key Ensure your planning is excellent and exceptional, as your

Leo 2022 Yearly Horoscope:- Sell or Buy Property

significant half would expect all bells and whistles from the

Finally, the year would end well for those who have been

proposal.

planning to build assets and property. You may plan your year well in advance and invest money in various activities that

It is a one-time proposal, so make it worth it for them. Be

would improve your fortunes.

patient; take your time. Talking about being patient, make sure that you both communicate clearly and do not hurry. Talk to

Buying and selling the property would be rewarding, allowing

everyone before decision making, as this would help you to

you to make some good money and book a profit. Therefore,

be in the right direction.

take the right decision this year and maximise your gains since the inception of the year.

Leo Zodiac Sign 2022:- For the Married Folks The year 2022 can be considered suitable for raising a family—especially the newly married. If you are looking to extend your family or grow your family, the year is apt. The married folks can take advantage of this splendid year. Go out for more dates. In case you feel like not spending out, you can have dates at home. You have an option of candlelight dinner, or you could do movie nights at home. You know your partner well, make

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MBE BUSINESS MAGAZINE AUGUST 2022

TURKEY TAKES LEAD FOR MOBILE BANKING CUSTOMERS

DMM DEPARTMENT MB Enterprises

Amongst the many countries in the list of mobile banking

apart from avoiding the hassle of popping in branch for

customers, Turkey is the one that takes lead. The country

payments & secondly, secured payments as security &

surprisingly has the largest share of the mobile bankers, i.e.

transaction safety are two vital engagements that engage

85% of respondents saying it was how they carried out their

customers for mobile banking.

transactions, i.e. through mobile banking. Turkey, a country that is seen globally as a fast growing According to the customers these are transactions that

country not only in terms of people coming as immigrants, but

includes paying the rent, utilities & many other transactions

also coming as business owners & settling down in the

that can be termed as daily transactions. Mobile banking is

gorgeous country. Banking has definitely got the lift that the

the latest innovation in the world of finance & business &

country needed in recent times & thus mobile banking sticks

gives the customers many edges especially in terms of

to be the new order that has helped shift many gears towards

mobility, ease of payments & payments being on time. This is

the tech world.

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The other two countries that came next in-line are Nigeria &

famous & enriched entity for the consumers in terms of their

South Korea with similarly high figures for mobile banking, i.e.

preferences.

82% & 79 % respectively. As far as South Korea is concerned the results are not that surprising. However, but as far as

Just as the word says mobile, something that is movable &

Nigeria is concerned the results are really surprising. The

something that is far more easily portable. Its portability and

reason being Nigeria is a country that is part of the develop-

effective usage in terms of the mobile banking aspects makes

ing world & for Nigeria to be on number two for mobile

it one of the best in terms of the consumer preferences.

banking are interesting stats for the sake of the consumers. This is the digital world, a world that is unique & full of

LOWER PERCENTAGES FOR THE US & U.K.:

amazing new things that are coming everyday & shall be

Very surprisingly, the USA & the U.K. are the two countries

arriving more innovatively for the success and ease of the

that have seen lower rates of mobile banking usage. This is

people. Turkey is a country that has a higher level of digital

for the US its 58% and for the U.K. its 65%. These stats

competitiveness & thus excels in mobile banking to much

shows the amount of consumers of mobile banking & mobile

higher & supreme levels as compared to many other

banking apps have lowered while these figures used to be on

countries in the world.

a higher side in the past. A number of people working in different places use mobile banking as they can’t pop-in

Mobile banking is an increasing phenomenon of the modern

branch for their banking matters. However, the recent trends

world & links to the aspects that are linked with digital

have made things different for the two nations. A reason

competitive index. The levels of safety & security attached

might be the higher amount of concentration of banks in a

with mobile banking have increased for the sake of the

particular area, especially in the United Kingdom which is a

consumer’s user-friendliness. Yes, we are dealing with friendly

country where consumers should find banks in close vicinities

interfaces & a safe banking culture in the name of mobile

& the concentration is high especially in city centers.

banking.

Other prominent countries in the survey for mobile banking includes Brazil at 76%, Germany & Japan at lowest amongst the 8 countries being placed at 42% & 35% respectively. These are results from a bar chart, i.e. the statistical representation based on 1,000-4,500 banking customers. The global consumer survey results are for the analysis of consumer preferences & analyzing trends of mobile banking in the financial industry.

WHY CONSUMERS PREFER MOBILE BANKING? Part of the modern consumer preferences in the Fintech industry mobile banking has come as a massive global uplift for the customers. It’s now pretty much a household entity as mobile banking makes consumer banking as fast, secure & easy to use. It helps a great deal in paying bills and payments on time & is a preference for those who are equipped with technology & finance. A huge advantage for the customers & is due to the higher amount of affordability of the mobile devices versus computers, laptops or tablets. According to the stats from 2021 there are 481 million mobile internet users present in the world & are operating globally. Mobile banking has got its advantages as well as few disadvantages, but the advantages supersedes the disadvantages in a number of ways. Thus, making mobile banking a

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MBE BUSINESS MAGAZINE AUGUST 2022

VITAL THINGS EVERY HR PROFESSIONAL MUST AIM TO SUCCEED

DMM DEPARTMENT MB Enterprises

There are some key things every HR professional must aim to

HR people who can act as a success agent for employees in

establish for the sake of achieving immediate & vital success.

a company.

This is success that is not only for their respectable & prestigious organization, but also for their own personalized

Some of the most vital things that every HR Professional

goals. Yes, we want to make sure that we are clear regards to

must aim to achieve in their jurisdiction are as follows;

what is the ultimate meaning of success for a HR professional. HR professionals are highly trained for the acknowledge-

1. Have A Vision:

ment of success for others in the company as well as it’s their

A HR or human resource must have a vision for the company

sole responsibility to drive & motivate people to success.

which shall help in making the people working in the organiza-

Recognizing success through appreciation as introducing

tion more optimistic for their goals. A vision that relates to

various means of motivation for people working in the

human development & career development goals is a key

organization is yet another role of a HR professional. Ultimate-

necessity in the hierarchies. They must know what they want

ly, it’s not success for those for whom it’s needed, but also for

to accomplish & why? Study everything you can find &

MBE BUSINESS MAGAZINE AUGUST 2022

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network with others to become your own expert.

corporate hard work. Apart from the hard work the

The vision of the HR or human resource should be to develop

intelligence that is needed as a prime necessity.

a culture which is for the organization & for the goals of the people. It’s not just about having a vision to manage people,

What’s important is the more you inspire others to understand

it’s about a vision to manage their goals & targets.

how and why the HR is needed & how we can work for their benefit. The more you will be a recognized leader in your

2. Be a Proactive Communicator:

organization. Organizational goals vary from person to person

Other key aspects that HR should develop in their roles is

depending on the role. However, for the HR it’s the organiza-

being a proactive communicator. For the entrepreneurial

tional goals as well as human development that should be the

goals of the company and the ownership as well as for the

primary objective. A reason that really counts as one being

true vision of the company. For best results you have to show

inspirational.

whom you admire & how flexibly you can communicate to be an effective HR professional. Try & adapt the style of the

These are some of the vital things every HR Professional

speaker you admire. You can do this by practicing aloud, and

must aim to achieve, however, it’s vital that prior to that they

stand up at every employee gathering. Furthermore, you must

define their success agendas.

have an understanding of how to report on the good stuff your HR team is doing.

3. Get Out Of Your Office: Be someone who has the ability to move for their goals & objectives. Get out of your office & be innovative in creating the rapport with your colleagues. If you have to take your colleagues for a lunch or spend sometime in the cafeteria talking about a recent project. It might not be a bad idea. Employees will definitely appreciate your presence and the managers will get more comfortable with your ideas. You will definitely be seen as being part of the team, rather than being someone who just knows to hide behind the policies of HR. Things seems good when all is perfect, however, it’s not always that things are perfect. It’s the role of the employees working in the company to make things perfect for the organizational goals. This obviously gives the HR the opportunity to handle the issues before they can become major problems. It’s the HR who needs to create an open-door policy. A policy that is flexible for the employees and allows them to appeal adverse decisions. These are decisions which allows them to ask questions, get the answers while developing trust in the organization. Trust in all circumstances is the ultimate key.

4. Be an Inspiration for the Others: Being an inspiration for the others is the next big thing you must aim to achieve as a HR professional. Inspiring others for HR professionals can become their biggest strength in an organization. Irrespective of the fact that it’s a growing organization or an organization that has established as a big company. Proving your mettle is a different thing than inspiring others as what it takes is the purest ingredient of communicative &

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MBE BUSINESS MAGAZINE AUGUST 2022

WE ARE HIRING! Career Overview

RESORT MANAGER

As a resort manager, your job will include managing all aspects of a resort, including lodging, food and beverage management, human resources, housekeeping, attractions, and guest services. You'll be in charge of employees, finances, customer service, promotions, and quality control. Resort managers often have to work nights and weekends, putting in long hours to ensure the success of their establishment. Job Description

Includes duties in three major areas: Daily Operations, Finances, and Marketing | Customer Service | Human Resources Daily Operations, Financial, and Marketing Duties

Resort managers oversee product stocking, accounting, and marketing efforts at the resort. As a resort manager, you'll hire contractors to perform services, such as painting or plumbing. You'll ensure that all supplies, from housekeeping materials to furniture, are in good condition and in stock. You'll monitor payroll, customer billing, and expense accounts. Customer Service

Resort managers ensure positive customer experiences by maintaining high-quality facilities and remedying problems. At the resort, you'll conduct room, kitchen, and grounds inspections to make sure that they are all up to code. You'll greet guests at arrival, create standards surveys, and find acceptable solutions to problems that may arise. Human Resources Responsibilities

As a resort manager, you'll be in charge of hiring, training, and scheduling new staff members. You'll set goals for employees and help your staff achieve these goals. You might also have assistant managers who you'll work with to manage departments, such as housekeeping, dining, security, and desk personnel.

Contact: 4382 HWY # 60, RR#1 DWIGHT, ONTARIO, P0A 1H0, CANADA 1-800-387-2244

WE ARE HIRING!

HEAD CHEF

stay@algonquininn.com

THE SENATOR HOTEL

&CONFERENCE CENTRE

JOB REQUIREMENTS Language: English Experience: Fresh Ability to Supervise: 5 to 10 People SKILLS: Maintain Records of Food Cost; Consumption; Sales & Inventory; Prepare & Cook Food on a regular basis or for Special guests and Events; Meals and Speciality Foods; Train Staff in Preparation; Cooking & Handling of Foods; South Indian; International; Supervise Cook & other Kitchen Staff. WORK INFO: Room & Board Provided

HOW TO APPLY

Email: gm@senatorhoteltimmins.ca Phone: (416)-918-1356 (12:00 PM to 05:00 PM) E-mail: 14 Mountjoy Street, South Timmins, ON P4N 1S4

Note: Anyone who can legally work in Canada can APPLY for this job, If you are not currently authorized to work in Canada, The Employer will not consider your job application

MBE BUSINESS MAGAZINE AUGUST 2022

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WHY YOU SHOULD PREFER TO DO AN MBA IN CANADA AS A BUSINESS DEGREE? DMM DEPARTMENT MB Enterprises

Are you thinking to do an MBA in

reason is the top class quality

MBA in Int. Business & MBA in

Canada, well the option is right & you

education provided by the colleges &

Business Management.

have certainly made the right

universities to study in Canada. It

decision for the degree. Well, to be

definitely stands proudly amongst

MBA FINANCE:

precise for going for your business

other important nations that excel in

An MBA in Finance degree is mostly

degree. It is every year that

Int. degrees, i.e. USA, U.K., &

preferred by students who are

thousands of students from all over

Australia.

interested in analyzing and interpreting the economic trends in Canada.

the world apply to various colleges

MOST POPULAR SPECIALIZATIONS FOR STUDYING MBA IN CANADA:

Also, the financial markets, assets,

There are many specializations to

or in their home countries. The total

Canada is truly one of the top most

study an MBA Degree in Canada and

duration of the MBA course in

priority for international students to

few of them are known to be famous

Canada varies from 12 to 20 months.

study an MBA degree & a prominent

ones. These are MBA in Finance,

Some of the top universities in

and universities to study an MBA degree in Canada.

MBE BUSINESS MAGAZINE AUGUST 2022

liabilities and investments in Canada

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Canada that excels in an MBA in Finance which are University

students to get themselves a job that suits their profile & the

of Toronto, University of British Columbia, McGill University,

university from where they have completed the degree from. In

Queen’s University and Universite De Montreal. The average

most cases the university helps their students as a guide to

cost of an MBA in Finance degree in Canada is $35K. For the

apply for the most suitable jobs that suits their MBA profile. For

sake of eligibility requirements, the applicant must have

a high percentage of students, it’s easy to get a job after an

completed their undergraduate degree from an accredited

MBA program in the highly paid Canadian job markets.

university/institution with prerequisite classes in fields like business statistics, financial theory and business finance. Also,