Canadian Economic Trends Analysis for Small Businesses

Open
Wayfinders Business Cooperative
Edmonton, Alberta, Canada
Randal Adcock
President
4
Project
Academic experience
120 hours of work total
Student
Canada
Intermediate level

Project scope

Categories
Data visualization Data analysis Supply chain optimization Market research Economics
Skills
strategic planning data collection economic indicators resilience data analysis
Details

The Wayfinders Business Cooperative seeks to empower small businesses in Canada by providing insights into emerging economic opportunities and threats. This project involves collecting, cleaning, and organizing data from public open-source sites related to business, industry, and economic conditions. The goal is to analyze this data to identify trends that could impact small businesses. By understanding these trends, small businesses can make informed decisions and strategic plans. The project will focus on key economic indicators, industry growth patterns, and potential market shifts. This analysis will help small businesses anticipate changes and adapt their strategies accordingly, ensuring they remain competitive and resilient in a dynamic economic landscape.


  • - Collect data from public open-source sites on Canadian economic conditions.
  • - Clean and organize the data for analysis.
  • - Analyze the data to identify emerging opportunities and threats.
  • - Provide insights that small businesses can use for strategic planning.
  • - Create a way to regularly update the process to stay current
Deliverables

The project will result in a comprehensive report detailing the findings of the data analysis. This report will include visualizations of key trends and a summary of potential opportunities and threats for small businesses in Canada. Additionally, a presentation will be prepared to communicate these insights effectively to stakeholders.



- A detailed report with data analysis findings.


- Visualizations of economic trends and patterns.


- A summary of opportunities and threats for small businesses.


- A presentation for stakeholders to communicate insights.

Mentorship
Domain expertise and knowledge

Providing specialized, in-depth knowledge and general industry insights for a comprehensive understanding.

Skills, knowledge and expertise

Sharing knowledge in specific technical skills, techniques, methodologies required for the project.

Hands-on support

Direct involvement in project tasks, offering guidance, and demonstrating techniques.

Regular meetings

Scheduled check-ins to discuss progress, address challenges, and provide feedback.

Supported causes

The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.

Industry, innovation and infrastructure

About the Community Partner

Community Partner
Edmonton, Alberta, Canada
0 - 1 employees
It & computing, Business & management, Education
Representation
Small Business Social Enterprise Cooperatively-Owned Community-Focused

Wayfinders Business Co-operative provides management support to small businesses, freelancers, gig workers, consultants, non-profits, etc.. We offer a business community for networking, education, transactions, and business ecosystem, as well as software as a service (SaaS) on a cloud platform. This is a democratic social enterprise incorporated as a co-operative based in Alberta but serving small business across Canada. We do better business together.

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