Business
Aspiring entrepreneurs invited to be part of upcoming Red Deer College events
Red Deer, December 4, 2018 – This winter, Red Deer College will be hosting two opportunities that will help to educate and encourage future small business owners. The Business Basics for the Aspiring Entrepreneur Seminar along with Breakthrough Your Business, a Dragon’s Den-style competition, will help people learn how to develop and then pitch their business ideas.
“Central Alberta is filled with people who have innovative ideas and entrepreneurial spirits,” says Darcy Mykytyshyn, Dean of RDC’s Donald School of Business. “The two events we’re offering provide unique opportunities to introduce people to foundational business knowledge and skills that will help them transform their ideas into actionable business plans.”
Business Basics for the Aspiring Entrepreneur is a one-day seminar that is open to anyone, including RDC alumni living in Alberta. The free event will provide information for people interested in starting and operating a small business. Topics will include legal structure and risk management, financing, accounting, sales and marketing, entrepreneurism, tips for success, key steps, and lessons learned.
For those looking to elevate their business ideas to the next level, the Breakthrough Your Business competition will provide an opportunity to create a proposal and business plan, which they will then present to a panel of judges. The first and second place winners will be awarded ,000 and ,000, respectively, to help them start their small businesses. Each winner will also receive a 0 tuition voucher for RDC’s School of Continuing Education.
Local philanthropists, Joan and Jack Donald, have sponsored this event since it was first created, dedicating their time through mentorship and donating a total of ,000 in prize money over the years. As business owners, they understand the challenges that can come from starting a new business. They believe the learning and opportunities from Breakthrough Your Business will help support local entrepreneurs to make timely, sound decisions as they pursue their business goals.
“There are many good opportunities lost and precious time wasted for lack of a timely decision,” says Jack Donald. “Both Joan and I have always followed this rule: marshal the facts, make a decision and move on. As long as you make more ‘good’ decisions than ‘poor’ ones you will prosper. This Breakthrough Your Business event is a great opportunity.”
To help this year’s participants prepare for the event, competitors will have the opportunity to partner with students to develop the business proposals.
“This is a great example of collaboration and learning, with students from the Donald School of Business working with local people to help them develop viable business plans,” says Mykytyshyn. “It’s a practical learning opportunity that has benefits for everyone involved.”
Anyone competing in Breakthrough Your Business must participate in the Business Basics Seminar, either this year or in the past years, as the learning from this seminar will help to position them for success in the competition and in their future businesses.
People interested in participating in Business Basics for the Aspiring Entrepreneur Seminar and Breakthrough Your Business are encouraged to be aware of the upcoming dates and deadlines for the events:
January 18, 2019 – January 26, 2019 – February 15, 2019 – February 22, 2019 – March 9, 2019
Expression of Interest registration deadline for Breakthrough Your Business Business Basics Seminar (required for Breakthrough Your Business) Submission deadline for Breakthrough Your Business
Final five contestants notified for Breakthrough Your Business Breakthrough Your Business
For further details, contact [email protected].
About RDC: For 55 years, RDC has been proudly serving its learners and communities. The College continues to grow programs, facilities and opportunities as it transitions to become a comprehensive regional teaching university during the next three to five years. This year, RDC will add seven new programs to more than 100 established programs (including full degrees, certificates, diplomas and skilled trades programs). RDC educates 7,500 full-and part-time credit students and more than 38,000 youth and adult learners in the School of Continuing Education each year. The College is expanding its teaching, learning, athletic and living spaces with the additions of the state-of-the-art Gary W. Harris Canada Games Centre/Centre des Jeux du Canada Gary W. Harris, Alternative Energy Lab and construction of a new Residence which all enhance RDC’s Alternative Energy Initiative. Main campus is strategically situated on 290 acres of Alberta’s natural landscape along Queen Elizabeth II Highway. RDC is also proud to serve its Donald School of Business students housed at a downtown campus, located in the Millennium Centre, in addition to housing teaching and learning space at the Welikoklad Event Centre.
For more information on RDC, please visit: rdc.ab.ca| twitter | facebook | instagram
armed forces
Top Brass Is On The Run Ahead Of Trump’s Return
From the Daily Caller News Foundation
By Morgan Murphy
With less than a month to go before President-elect Donald Trump takes office, the top brass are already running for cover. This week the Army’s chief of staff, Gen. Randy George, pledged to cut approximately a dozen general officers from the U.S. Army.
It is a start.
But given the Army is authorized 219 general officers, cutting just 12 is using a scalpel when a machete is in order. At present, the ratio of officers to enlisted personnel stands at an all-time high. During World War II, we had one general for every 6,000 troops. Today, we have one for every 1,600.
Right now, the United States has 1.3 million active-duty service members according to the Defense Manpower Data Center. Of those, 885 are flag officers (fun fact: you get your own flag when you make general or admiral, hence the term “flag officer” and “flagship”). In the reserve world, the ratio is even worse. There are 925 general and flag officers and a total reserve force of just 760,499 personnel. That is a flag for every 674 enlisted troops.
The hallways at the Pentagon are filled with a constellation of stars and the legions of staffers who support them. I’ve worked in both the Office of the Secretary of Defense and the Joint Chiefs of Staff. Starting around 2011, the Joint Staff began to surge in scope and power. Though the chairman of the Joint Chiefs is not in the chain of command and simply serves as an advisor to the president, there are a staggering 4,409 people working for the Joint Staff, including 1,400 civilians with an average salary of $196,800 (yes, you read that correctly). The Joint Staff budget for 2025 is estimated by the Department of Defense’s comptroller to be $1.3 billion.
In contrast, the Secretary of Defense — the civilian in charge of running our nation’s military — has a staff of 2,646 civilians and uniformed personnel. The disparity between the two staffs threatens the longstanding American principle of civilian control of the military.
Just look at what happens when civilians in the White House or the Senate dare question the ranks of America’s general class. “Politicizing the military!” critics cry, as if the Commander-in-Chief has no right to question the judgement of generals who botched the withdrawal from Afghanistan, bought into the woke ideology of diversity, equity and inclusion (DEI) or oversaw over-budget and behind-schedule weapons systems. Introducing accountability to the general class is not politicizing our nation’s military — it is called leadership.
What most Americans don’t understand is that our top brass is already very political. On any given day in our nation’s Capitol, a casual visitor is likely to run into multiple generals and admirals visiting our elected representatives and their staff. Ostensibly, these “briefs” are about various strategic threats and weapons systems — but everyone on the Hill knows our military leaders are also jockeying for their next assignment or promotion. It’s classic politics
The country witnessed this firsthand with now-retired Gen. Mark Milley. Most Americans were put off by what they saw. Milley brazenly played the Washington spin game, bragging in a Senate Armed Services hearing that he had interviewed with Bob Woodward and a host of other Washington, D.C. reporters.
Woodward later admitted in an interview with CNN that he was flabbergasted by Milley, recalling the chairman hadn’t just said “[Trump] is a problem or we can’t trust him,” but took it to the point of saying, “he is a danger to the country. He is the most dangerous person I know.” Woodward said that Milley’s attitude felt like an assignment editor ordering him, “Do something about this.”
Think on that a moment — an active-duty four star general spoke on the record, disparaging the Commander-in-Chief. Not only did it show rank insubordination and a breach of Uniform Code of Military Justice Article 88, but Milley’s actions represented a grave threat against the Constitution and civilian oversight of the military.
How will it play out now that Trump has returned? Old political hands know that what goes around comes around. Milley’s ham-handed political meddling may very well pave the way for a massive reorganization of flag officers similar to Gen. George C. Marshall’s “plucking board” of 1940. Marshall forced 500 colonels into retirement saying, “You give a good leader very little and he will succeed; you give mediocrity a great deal and they will fail.”
Marshall’s efforts to reorient the War Department to a meritocracy proved prescient when the United States entered World War II less than two years later.
Perhaps it’s time for another plucking board to remind the military brass that it is their civilian bosses who sit at the top of the U.S. chain of command.
Morgan Murphy is military thought leader, former press secretary to the Secretary of Defense and national security advisor in the U.S. Senate.
Business
For the record—former finance minister did not keep Canada’s ‘fiscal powder dry’
From the Fraser Institute
By Ben Eisen
In case you haven’t heard, Chrystia Freeland resigned from cabinet on Monday. Reportedly, the straw that broke the camel’s back was Prime Minister Trudeau’s plan to send all Canadians earning up to $150,000 a onetime $250 tax “rebate.” In her resignation letter, Freeland seemingly took aim at this ill-advised waste of money by noting “costly political gimmicks.” She could not have been more right, as my colleagues and I have written here, here and elsewhere.
Indeed, Freeland was right to excoriate the government for a onetime rebate cheque that would do nothing to help Canada’s long-term economic growth prospects, but her reasoning was curious given her record in office. She wrote that such gimmicks were unwise because Canada must keep its “fiscal powder dry” given the possibility of trade disputes with the United States.
Again, to a large extent Freeland’s logic is sound. Emergencies come up from time to time, and governments should be particularly frugal with public dollars during non-emergency periods so money is available when hard times come.
For example, the federal government’s generally restrained approach to spending during the 1990s and 2000s was an important reason Canada went into the pandemic with its books in better shape than most other countries. This is an example of how keeping “fiscal powder dry” can help a government be ready when emergencies strike.
However, much of the sentiment in Freeland’s resignation letter does not match her record as finance minister.
Of course, during the pandemic and its immediate aftermath, it’s understandable that the federal government ran large deficits. However, several years have now past and the Trudeau government has run large continuous deficits. This year, the government forecasts a $48.3 billion deficit, which is larger than the $40 billion target the government had previously set.
A finance minister committed to keeping Canada’s fiscal powder dry would have pushed for balanced budgets so Ottawa could start shrinking the massive debt burden accumulated during COVID. Instead, deficits persisted and debt has continued to climb. As a result, federal debt may spike beyond levels reached during the pandemic if another emergency strikes.
Minister Freeland’s reported decision to oppose the planned $250 onetime tax rebates is commendable. But we should be cautious not to rewrite history. Despite Freeland’s stated desire to keep Canada’s “fiscal powder dry,” this was not the story of her tenure as finance minister. Instead, the story is one of continuous deficits and growing debt, which have hurt Canada’s capacity to withstand the next fiscal emergency whenever it does arrive.
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