International Women’s Day is Sunday, March 8, 2015. The Halton Small Business
Centre will once again recognize this annual celebration by hosting a business event for local female entrepreneurs on Wednesday, March 11. The event will provide attendees with an opportunity to listen to others’ experiences, attend educational sessions and take part in networking sessions with fellow female entrepreneurs and small business owners.
The theme of this year’s International Women’s day is Make It Happen, representing an opportunity to celebrate the achievements of women while calling for greater equality.
The opening speaker, Carol Schulte, a communication trainer, professional speaker and certified coach who has worked and volunteered all over the world, will share – What it means to live B.I.G. The event will also include a presentation – Selling With Your “Colourful” Personality. Kate Jones, entrepreneur, award-winning facilitator and speaker will provide practical techniques on engaging customers based on personality dimensions.
Participants will also hear two local spotlight stories from female clients of the Halton Region Small Business Centre. They will share some of their personal business experiences and explain what has helped them to get where they are today in their businesses.
Please join us on March 11 for this special event! It will take place at the OE Banquet Hall & Conference Centre from 7:45 a.m. to 12:00 p.m. The registration cost is $30.00. For more event details, please visit www.halton.ca/businesswomen.
For more information on all the services offered by the Halton Region Small Business Centre, please visit our website http://www.haltonsmallbusiness.ca
Now in its third year, the Young Entrepreneurs, Make Your Pitch competition is open and accepting submissions up to Friday, March 6, 2015!
With so many of today’s secondary school students thinking of career choices, it’s important for them to consider entrepreneurship as a viable option. The Young Entrepreneurs, Make Your Pitch competition enables Ontario high school students in grades 9 to 12 to come up with a business idea, produce a two-minute video pitching their idea and submit it through the competition’s website (along with a signed letter of consent and a typed transcript of their video). Twenty finalists are chosen to travel to Toronto to pitch their ideas at the Ontario Centres of Excellence (OCE) Discovery Conference. Continue reading
Tax season is around the corner and one of the most common questions for first time entrepreneurs is “How do I report my business income to Canadian Revenue Agency (CRA)?
Here are some quick tips to help get you started:
Produce an income statement
Before completing the required CRA documentation you will want to produce an income statement or P&L (Profit & Loss) for the business.
- Indicates sales, costs of sales, expenses and deductions and/or depreciation.
- This statement will provide you with the bottom line number which is Net income before taxes.
- Figures for the P&L statement will come from “receipts and invoices” from the annual operations from January 1st through December 31st.
- Be sure that all documents and receipts are in possession as these will be needed if requested by CRA.
After completing the business financials, the reporting documentation can begin. Continue reading
According to Industry Canada and the Office of Consumer Affairs (OCA) on average, Canadian consumers are more highly educated than ever before. They went on to say that over the last two decades, the proportion of Canadians 25 years of age and older with some post-secondary education increased from 29 per cent in 1981 to nearly half (48 per cent) in 2001. Statistics Canada reports that the Organization for Economic Co-operation and Development (OECD) ranked Canada fourth in 2001 among member countries in the proportion of its working-age population with a university degree.
What does the statement above mean to a business owner? It means that you should never underestimate your consumer. They probably already have knowledge about you, your business and the competition. Today, we live in a transparent world where communication and information sharing have become a normal everyday occurrence. Continue reading
Whether you’re thinking about opening a business, formulating your business plan, expanding an established small business or looking for youth entrepreneurship programs, the Halton Region Small Business Centre has what you need. We work hard to ensure that all new business owners have the relevant information and support that they need to start their potential business off on the right foot.
One of the ways we reach out to potential entrepreneurs is through a series of information sessions that provide our clients with an overview of our programs and services.
One of our most popular information sessions is Getting Started. This one-hour session provides clients with an overview of all the rules and regulations needed when starting a business in Halton. Our staff will walk attendees through a checklist, including information on:
- name protection
- municipal licensing
- provincial and federal taxes
- business planning
After the session, participants are welcome to tour the Small Business Centre and browse the many other services and resources we have available for entrepreneurs.
We also host monthly information sessions for youth who are considering entrepreneurship regarding two specific youth business programs – Starter Company and Futurpreneur Canada.
- Starter Company Program is an entrepreneurship program geared to help young people in Ontario between the ages of 18 and 29. It provides training, mentoring and a micro-grant of up to $5,000 for eligible participants. The monthly information sessions provide an overview of the program and eligibility criteria.
- Futurpreneur Canada is a national, non-proﬁt organization that provides ﬁnancing, mentoring and support tools to aspiring business owners aged 18-39. The monthly information sessions provide an overview of the program and eligibility criteria.
If you are considering starting a small business this year, we highly recommend attending an information session. Get the information needed for a successful business and New Year!
Posted in Economic Development, Halton Small Business Centre, Small Business Advice, Small Business Financing, Tips and Advice, Youth Entrepreneur Program
Tagged business name protection, business plan, Entrepreneur, financing a small business, Futurpreneur Canada, Getting Started Information Session, Halton Small Business Centre, Halton Small Business Consultant, Halton Small Business Seminars, hiring employees, municipal licensing Halton, provincial and federal taxes for small business owners, Small Business Centre, small business insurance, Small Business Registration, young entrepreneur, Youth Entrepreneurship
The Halton Region Small Business Centre coordinates and delivers the Summer Company Program on behalf of the Province of Ontario. The Summer Company Program provides youth from the ages of 15 – 29 that are enrolled in high school or post-secondary school an opportunity to experience what it is like to live the life of an entrepreneur and open their own business. The program will be accepting applications starting in mid-January.
During the summer break, students that are accepted into the program can receive up to $1,500 of financial support to help with start-up costs as well as 12 hours of training and mentoring with business centre staff and local business professionals. Upon successful completion of the program requirements, students are then eligible to receive an additional $1,500.00 award.
These supports give students the opportunity to experience entrepreneurship first hand while developing personal and professional business skills that will be beneficial throughout their careers. Some of our previous applicants have continued to operate their businesses part-time during the school year and some have continued to develop their businesses into full time careers upon graduation.
This is the fifteenth year that the Halton Small Business Centre has delivered this successful program in partnership with the Provincial Government. Over this period, the Summer Company Program has helped many students develop and launch successful summer businesses.
If you would like to learn more about this program, check eligibility requirements or apply online, visit ontario.ca/summercompany.
For more information about Halton Region’s Small Business Centre resources, services, business events and seminars, contact us by dialing 311, 1-866-442-5866, visiting us online at www.haltonsmallbusiness.ca, by email at firstname.lastname@example.org or visit us at 1151 Bronte Road, Oakville. You can also follow us on Twitter and find us on Facebook.
It is hard to believe that it is 2015 – the time has come to say goodbye to 2014 and welcome the opportunity for new beginnings. In order to make the most of this year, it is important to take some time to reflect on the last year. Whether you had an amazing year or a year to forget, use the knowledge you now have to move forward towards bigger and better things.
Here are a few tips to help get you started:
Take time each month to review progress (projects, client base and revenue).
- If you have been in business for several years, compare your annual results.
- Avoid emotional business decisions – Make changes based on facts or research.
- Do not get struck in a rut by continuing to do things that do not work.
- Put a new spin on old projects.
- Consider a new sector or new target market.
- Find a mentor or an advisor.
- Set realistic goals throughout the year.
- Be positive and believe in yourself and your business.
New beginnings can be exciting but make sure you plan out fully what you are going to do. Make specific goals and outline measurable objectives before you move forward and commit your time and money.
Don’t be afraid of endings. It can be a time to celebrate your accomplishments or a time to look at what failed and to learn from it so that you can make better choices.
Will 2015 be a time of change for you and your business? Making a change is not necessarily an easy process, but in the end the choice is up to you!
One of the goals of the Centre is to empower small and medium-sized enterprises and give you the tools to achieve success. For more information about resources, services, business events and seminars, contact us by dialing 311, 1-866-442-5866, online at www.haltonsmallbusiness.ca, by email at email@example.com or visit us at 1151 Bronte Road, Oakville. You can also follow us on Twitter and find us on Facebook.