SEDC - The Local Edge

The conversation with Nikki Wise, owner of Harley's Pub and Perk in Mildmay, Ontario, covers the challenges and rewards of running a business in a rural community. Nikki shares insights on supporting local businesses, finding and retaining staff, mental resilience, and the value of regional cooperatives. She also discusses the potential for business growth and expansion in a rural area. The conversation covers the importance of relationships, adapting to a changing workforce, flexibility and control in business, business reputation in a small community, challenges of doing business in a small community, community support and fundraising, advice for opening a business in a small town, empty storefronts and community engagement, and doing business in rural Ontario.

The conversation delves into the loan application process, emphasizing the importance of business plans, cash flow projections, and understanding financial statements. It also explores the challenges and considerations in the loan approval process, including board approval, client decision-making, and red flags in loan applications.

The conversation with Irene Dixon, owner of Kids Play, covers the journey of starting and running a successful business. Irene shares insights on the importance of passion, belief, financial understanding, and the challenges faced in the process. Her advice and experiences provide valuable lessons for aspiring entrepreneurs.

Episode 1 of The Local Edge introduces the work of the Saugeen Economic Development Corporation, based in Neustadt, Ontario. This episode breaks down who they are, what they do, and how they support local businesses and entrepreneurs across the region. From financing startups and helping existing businesses expand, to supporting diversification and long-term growth, SEDC plays a key role in strengthening the local economy. Listeners are encouraged to see them as more than just a funding source—this episode highlights the value of building a relationship early and reaching out for guidance, connections, and conversation at any stage of business.