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Finding business opportunities amidst challenge

Written by: Riaz Mamdani

Weathering economic instability is a popular topic of late. With the global economy on shaky ground, many of us have been forced to take a long and sobering look at the viability of our business models.

However, what one has to fundamentally realize is that for the savvy and industrious, financial insecurity can be a precursor to success in new sectors and industries.

Thriving in the insecure economic market of today is challenging, especially for Canadians who face the plummeting rate of our national currency. The last 12 months have been a particularly stressful time for the Calgary economy with the oil sector – Alberta’s bread and butter – floundering as the price of oil continues to fall.

As a real estate developer, I have had to refocus the direction in which my company, Strategic Group, is moving. I know that with Alberta’s current economic climate, it’s become more important than ever for Strategic Group to live up to its tagline, “Creating value others can’t by seeing what others don’t”. As the Chief Executive Officer for Strategic Group, I also know it’s my responsibility to lead my team in finding value and opportunity where others don’t.

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