Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 23, 1997, Winnipeg, Manitoba Winnipeg free press monday business june 1997 Steve email b5 business Calendar consumer leading May employment april department store May existing Home May durable goods May thursday Industrial Price May help wanted May Friday Gross Domestic first Quarter t today in conjunction with the ongoing red River the Manitoba chamber of Commerce will hold Manitoba farm family of the a luncheon with guests Tony and Kim Holtman of Rosser from to at the chamber Busi Ness sixth 167 Lombard fee members to Reg ister Call t june 26 apartment investors association of Manitoba meets with guest speaker la Michael who will speak on the contemplated changes to the residential tenancies at 7 in the upstairs lounge of the vital 554 marys fee to Register Call Manitoba association of work place educators and consultants will hold document a today workshop on the demands of Reading and writing at from 9 to 4 in room main fee to Register Call t coming soon defining and learning skills for a National conference in Radcliffe tenancies act changes entrepreneurship and will take place july 2 to Satur july 5 at Drake University of fee to Register Call fax 2750181 or email Sammons the free press welcomes items for the business they should include sponsor and fee and be mailed to Leesa free 1355 Mountain or faxed open for business Phil hossackwinnip6g free press inspector autos Tom Taubner performs safety free press charts the growth of entrepreneurial efforts in Manitoba with a list each week of new business company inspector Auto owners Kevin and Dee Higgs location 745 Pembina business a new Winnipeg business that provides vehicle inspections with out repairs or we give the customer a marked with any repairs that May be says co owner Dee the customer can then shop around to compare prices and choose the ser vice station they prefer to have the repairs completed who opened for business in says the fou member staff will gladly answer questions about the which takes about an an assortment of inspections could include government safety pre Purchase Goin Goffar Ranty preventive pret rip vehicle and engine number of employees company Dun rite business ser vices owner Michelle Gospic location 788 Beecher business this new local bookkeeping service provides Small business owners with personal financial i have Active accounts that i do either in my Home or on the As the client needs Are Best says entrepreneur Michelle who has Over 10 years experience in the Field and a diploma As a computerized accounting this May be a biweekly or weekly depending on the rates Are established based on the work and the explains who opened for business a year bookkeeping which can include Bank setting up filing accounts accounts payable and Are available electronically or number of employees company Granite internet ser vices owners David Hnatiw and Donna Warenko location Pinawa business a new computer company in Pinawa that brings the internet to Small communities who were being left behind in the High tech world of the incorporated in Granite internet services has dial in locations in Pinawa and Lac do plans Are underway to outfit Whitemouth and Beausejour in the summer the company also supplies two local school boards with adminis trates the Eastman free net and will be adding a few More schools to their list by Summers web Sites created by Granite include la Verendrye the Eastern Region tourism association and Many other business and Community says co owner Donna the business officially opened for business in Granite internet services can be reached on the internet at number of employees company pc accounting and consulting services owners Chris Hudon and Pat manary location la Salle business located about 20 Kilometres Southwest of this new accounting and consulting venture helps Small to average sized businesses set up accounting systems on for our clients who do not want to hire full time accounting we offer data input says co owner Pat who opened for business in the bedroom Community of la Salle earlier this this can be done at their place of business or at our co owner Chris who has 20 years experience in business operations and will also do consulting for Small we also prepare income tax returns for private individuals and Small Busi says number of employees two started a new business or opened a new store the free press wants to hear from notices should identify the company Short description of the num Ber of Startup Date and Telephone new business Tele phone numbers must be available through directory Send to Leesa free 1355 Moun Tain r2x 366 or lax Wayne free press Alex Dornn poses with hog feed from a Plant he started in Winnipeg with help from a Federal new ideas often Wither without Startup Cash agencies help streamline search for Money to build businesses by Gloria Taylor for the free press Alex Dornn and his brother Carl had a Bright business idea this they would Cash in on the provinces hog Boom by expand ing their feed operation to a new Plant in it would be a bold stroke that would take the business off the family farm and open up new markets from a Ware Complex where they could Stock and sell their special formula feed to but two frustrating months of searching for financing to Back the move brought one rejection after and left them liability we were turned Down by three Alex Dornn said in an inter we were willing to guarantee our loan with personal liability that was a Given but i was surprised at How resistant to a new business these Banks in it was two Banks and a cred it Union that refused financing to and citing a business plan that was too their Luck began to Alex recalls it was the Royal Bank that offered the first asking to have the business plan reviewed by an accountant who could Cost the Broth ers proposal and help determine How much of a loan was the Royal ultimately agreed to pro vide a line of credit for operating but not before the Brothers placed of their own capital into the business for they turned to business development Bank of Canada for a the Royal Bank then extended the credit line based on a formula of 50 per cent of the company Cost inventory and the number of Good accounts or accounts receivable less than 90 Days the flexible line of credit varies from month to along with the but the creative arrangement did permit the entrepreneurs to set up their Enterprise on Marion Street in creative feeds Sells its feed to hog producers who Market pigs to Manitoba close to the Brothers new while manufacturing of their recipe has been outsourced to another company that brings the processed feed to the warehouse to be Alex says they Haven had to use programs available to entrepreneurs there Are Many loan programs Avail Able to the following agencies can help with financing and information Canada business service Cen tre offers business people information on funding training and Legal mat it is located at 330 Portage 8th the mailing address is Box phone 9842272 18006652019 inf fax 9845527 inf fax toll free 18006659386 internet business development Bank of Canada provides management services and information to it is located at 1100 155 Carlton internet business Start program a loan program for Manitoban who want to Start a business or who have been in business less than three the loan will match the applicants personal information is Avail Able at the business resource Cen Manitoba Trade and 5th 155 Carlton r3c or 18002828069 fax 9452804 their line of credit and sales have been High enough in one month alone to justify the business their problems of finding Startup capital Arent said Walter head of the marketing depart ment at the University of in a majority of new businesses Are financed by love Money or dollars that come from family and key agencies finding Startup or expansion funds can be a with More than 100 programs available to from financial private organizations and senior Levels of but there Are a couple of key Agen cies that can help streamline the search the Canadas Small business which provides financial Aid and management and the Canada Busi Ness service Centre a resource information anyone wanting financing can also go to a Bank or credit and May make out just like the but Banks Are conservative said Good in his building a and dont exist just to lend Money to their principal considerations in assessing a loan application Are the safety of their depositors Money and the return they will earn on the the in works hard to make flexible repayment and the Crown corporation is slightly less averse to risk than private sector inst said Leonard manager of emerging in this is one of the first stops people should make because we have a listing of most of the programs that Are we can loan but we can also help entrepreneurs Access other programs to complement a loan they get from its usual for the Bdl to set up Finan Cial arrangements to complement Bank there is no axe to As the corporation was set up to Aid the growth of Small and medium Busi clients must still come up with a Good chunk of last resort we operate on a minimum thereto one debt equity Trotter once referred to As the Lender of last Good said the Bdl has been Able to shed that negative image of and is being seen As a valuable resource in the financial the Bdl also provides resource guides and management courses in print and will help with practical requirements like drawing up a Busi Ness last the Federal Bank Lent about million to More than 300 Manitoba with no Maxi mum or minimum the Csc is strictly an information business people can use computers with data bases on All known financial programs across get printed lists of financial sources and their criteria from or get information from their Homes by Tele phone or via the firs time entrepreneurs face a special Challenge because they Lack a track they May do Well to Check out the business Start pro Gram offered through Manitoba Indus Trade and and the self employment program offered through human resources develop ment by Tho business tax Rolls ii m m 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 City business taxes the number of businesses on the City of Winnipeg business tax Rolls has been on a downward trend in recent according to City the number peaked in 1990 at then began to Drift the Lone exception was when it spiked Back above Guy coordinator of tax adjust ments and data control for the tax depart said the three main factors that cause the fluctuations Are new business bankruptcies or and businesses moving from one part of the City to another and temporarily dropping off the business taxes Are based on the annual rental value of a and it is the cites assessment Branch that determines in addition to collecting business taxes from the occupants of a commercial the City also collects realty or property taxes from the property for All of the tenants in a shopping mall would pay business but Only the owner of the mall is liable for the realty tax department figures also show that business tax revenues now make up a smaller proportion of the total tax support de revenues collected by the City than they did 17 years this the City expects to collect a total of million in business taxes from the firms on the 1997 business tax that represents about per cent of the total tax supported revenues it expects to by the million collected from the businesses on the 1980 business tax Rolls accounted for per cent of the total tax supported revenues collected that ;