Tenure makes Canada's Top Companies 2024

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Founders: Jonathan Hillis
Website: https://tenurefi.com/

Describe what your company does in 140 characters.

We provide employees with personalized rewards and benefits and offer leaders actionable insights for proactive engagement and retention.

What is the biggest challenge you’ve faced in scaling the business?

The biggest challenge we’ve faced in scaling the business is ensuring robust security and compliance measures when entering new global markets. Each market has unique regulatory requirements and data protection laws, which necessitates thorough research and adaptation of our practices. Implementing these security and compliance measures in a scalable fashion has been critical. We needed to design our systems to not only meet the stringent standards of today but also to be adaptable for future requirements as we continue to expand. This involved significant investment in technology, staff training, and continuous monitoring to ensure compliance and protect our users’ data across various jurisdictions. Balancing these needs with our growth objectives has required meticulous planning and a proactive approach to potential regulatory changes, ensuring that our infrastructure can support our expansion without compromising on security or compliance.

How can we grow the Canadian startup ecosystem?

Growing the Canadian startup ecosystem can be achieved through several key strategies:

Increase Funding Access: Enhance access to funding by encouraging more venture capital investment, government grants, and support from angel investors.

Streamline Regulations: Simplify regulatory processes and reduce barriers to entry for startups, making it easier to start and grow a business.

Raise Awareness: Increase awareness of Canadian startups through marketing campaigns, participation in international tech events, and highlighting success stories to attract investment and talent.

By implementing these strategies, Canada can create a more vibrant and supportive ecosystem that enables startups to thrive and succeed on a global scale.

What’s your best advice for those starting businesses in Canada?
Truly understand the customers problem you are trying to solve. Do an abundance of interviews, research, and surveys. Don’t give your product away from free, you need supporters that see the value of you startup and how it will help them, if its solving their problem they will pay.

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Source: Founders Beta