The Summer Company Program is well underway and we are pleased to introduce 17 ambitious students who have decided to run their own business this summer. Rather than a traditional summer job, these students have taken on the monumental task of getting a business up and running and profitable within a few short months. In order to be approved for the program these students:
- submitted a comprehensive business plan which included a start-up budget and cash flow forecast. Based on their start-up budget most students have received $1500 to contribute to their start-up costs.
- were interviewed and signed a contract with the Provincial Government stating that they will dedicate a minimum of 35 hours/week to running the business, attend regular mentor meeting and training sessions, complete an online journal and report all of their income and expenses. At the end of the summer these students may be eligible for another $1500 award.
The success of the students will be determined by the accuracy of their planning and dedication to the business. Success is not solely based on profit margin. It can also be measured by the personal growth and confidence that is an inevitable product of this experience. How exciting to consider that these students will register their first business name, open a business bank account, make their first cold call, negotiate price, create business cards and websites and maybe even write their own media release!
The students are not on their own. Consultants from our small business centre are available to guide the students throughout the summer. We also have had tremendous support from members of the business community who volunteer their time and expertise to assist these young entrepreneurs.
- Andrew Wall of Sandler Sales Training delivered a two hour presentation on sales strategies to our students earlier on this summer and last week
- Angela Rea of Angela Rea PR coached the students on how to write their own press release, how to approach the media and how to handle an interview.
- Phil Von Massow, owner of Connoisseur Painting Ltd and Liz Kush of RBC attended a group meeting to offer their expertise. They will be available all summer should the students require their assistance.
- We will also have a training session on bookkeeping.
Thank you to all of these tremendous volunteers. The success of the program depends on your involvement.
Follow Halton’s Summer Company Facebook page for information, updates, links, photos and more!
The Summer Company Class of 2011
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