Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 21, 1997, Winnipeg, Manitoba Winnipeg free press july 1997 b4 Steve email m i id business business Calendar today Manitoba safety suite notre Dame will hold its certified five Day Fork lift truck instructor course beginning today with instructor Allan fee to Register Call 949 july 25 Winnipeg chamber of com Merce will hold a breakfast with governor governor Bee business sixth 167 Lombard fee members to Register Call the free press welcomes items for the business they should include sponsor and fee and be mailed to Leesa free 1355 Mountain r2x or faxed open for business the free press charts the growth of entrepreneurial efforts in Manitoba with a list each week of new business company Vio therm owner Harold Zabowski location 163 Edward East business a new distributor that has launched sales of an insulated panel for hot water Radiator systems for the Winnipeg com Mercial and Industrial president Harold Zabowski says radiators Are the single most Over looked potential Energy saving item within any with the Radiator backing to the cold heat loss to the out Side is he Zabowski says the nov therm insulated panel returns Over 90 per cent of the heat loss As a heat lowering Energy costs while eliminating cold spots and dramatically improving the nov therm insulated panel is also Power smart Assur ing customers that the nov therm panel exceeds recognized Stan Dards for Energy Independent tests have shown reductions in Energy from 12 to 33 per depending on Radiator and building says who incorporated his business in ten years Success in Britain and Europe and two in Canada can attest to these number of employees one sales 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 number of Startup Date and Tele phone new business Tele phone numbers must be available through directory Send to Leesa free 1355 Mountain r2x 3b6 or fax by Tho numbers Winnipeg convention Centre 100000 total Days 75 76 77 78 79 80 81 82 83 84 85 86 87 so 89 90 91 92 93 94 95 45 40 35 30 25 20 is 10 75 76 77 78 79 80 81 82 83 85 86 87 88 89 90 91 92 93 94 95 the Winnipeg convention Centre has been around for 22 years and yet it still fights the perception that its a Bur Den on the general manager Klaus Lahr said that just not he said for every of taxpayer Money that goes into the More than in direct spend ing is Lahr said that Doest even include the economic multiplier Jim the centres director of sales and said the aver age convention Delegate spends dollars a Day in if we we rent Here that Money be spent said there is indeed Public Money in the the first in Canada when it was Lahr said the Centre produces million in governments port foot the Bill for since 1975 the Centre has increased its number of conventions from 19 the first year to As High As 39 in the most important said was total Delegate for in 1996 there were 30 conventions compared with 1995s but the Delegate Days for 1995 was higher at than 1996s Mceachern said conventions Are booked years in i have a convention on the books for Lahr noted that Trade shows were the real Money maker for the but he also said the number of Days an exhibitor stays has dropped from an average of six Days in the 1980s to an average of Days last women get ahead in world despite they Start majority of new ventures by Gloria Taylor for the free press when Deborah Andrich started out in business 12 years answering the Telephone was enough to make her it made me nervous every time the phone says the 40yearold owner of Winnipeg Power Engineer the fifth class Power Engineer says she was painfully aware she did it fit the gender during conversations with Poten tial whose representatives were the message was driven Home by stretches of i just explained to them that we had the ability to do the Job and that we had the people who could do the she Andrich company employs three Par time class 3 Power Engi neers and has contracts with Public and private sector reactions of men but it still unnerves her to have to Deal with the reactions of men who expected to find a Man in despite advances in gender women entrepreneurs in nontraditional sectors still encounter outdated but that Hast deterred them from setting up close to 80 per cent of new businesses in Canada Are started by according to the Canadian federation of Independent issues of acceptance and Access ing financing Are being ironed out Over entrepreneurs like Andrich report that the longer they stick with their the More Likely they Are to find even in nontraditional not every woman entrepreneur faces but most have some common you have to work twice As hard to be says Diane it takes a Long but its some thing that develops Over time through word of says the owner of cat contract services that pro Vides design and drafting services for the construction witnessed problems a drafting stuck with her business but knows of women who didst because they we rent accepted in the traditional Plymale i have witnessed one woman who asked for a Transfer and another who left her Job because of prob both women worked in the Public Brenda a wrought Iron furniture remembers a con descending remark made when she took her welding machine to a shop to be he i suppose its just Little stuff youre the owner of Blue Heron enterprises can laugh about it she did develop Good relationships with other men at the repair Barb who owns strokes of a paint store and crafts Supply and a painting ser is steeped in experience sell ing paint products and in knowledge of her chosen another woman entrepreneur has had a male employee serve towers who dont like dealing with a Joe free press Andrich checks out a boiler at Ellice Avenue if i know a customer is uncomfortable in speaking with a i would allow one of the men who works with me to continue the ser it has Only happened a couple of times in the last two she there Are also financial issues to Deal As women who want to Start or expand businesses sometimes face greater hurdles obtaining according to Gail Loans officer with the women Enterprise you have to work twice As hard to be accepted the scenario a lot of women face and not All but a lot do is they dont have a lot of Cash for working capital and they dont have a lot of collateral for a business she and they May not have a credit history of their As a women have traditionally earned and Lack the level of affiliations and associations that men May enjoy through their work that Lead to some opportunities for in the Case of women in their late 40s and Early some entre pre neural minded women who want to Start a business May find the work Treyve done taking care of a family in the Home Doest count for much when Banks ask for Money managers like Blanchette say women tend to Start businesses later in Start smaller business and do so with less while women entrepreneurs often face special times Are says Carmen co chairwoman of the Board of the women Enterprise the three Earold women Enterprise Centre has been Able to help Many women Access funding to Start their says the women Enterprise Centre provides funding based on the Merit of it has Lent nearly million Over two and a half and facilitated million in Loans including the webs Loans by working with according to there is also a new Loans pro Gram through the Centre for women who have been in successful businesses for three years and is based on a chartered Bank prime rate plus one per the Low interest Loans will be made to women based on Merit and their another agent of change has Sim ply been with 80 per cent of new businesses started by traditional lending institutions have had to become More the Bottom line for women gain ing is the fact that there Good at what they says people Are interested in absolutely getting the Best value for their sophisticated system affords Protection to ensure the integrity of the capital markets in and to maintain the Public Trust in a sophisticated system has evolved Over the should understand this system and the Protection it first of Bear in mind that the markets Are not designed to protect you from Price after that is one of the reasons you May be investing in the first there safeguards to ensure that All Market participants Are properly in the various provincial governments have the last word on investor each province has a securities com Mission or administrator which Over sees a provincial securities this act is a set of Laws and regulations which outlines what players in the Market can and cannot All the securities acts Are based on the principle of full and Plain disco any information that will affect the value of securities must be made available to All investors in a timely facts protecting the investor securities commissions also require registration of All organizations and sales staff involved in the investment before registration is Basic standards must be these include mini mum capital requirements for a firm and minimum educational qualifications for in Many important rules governing Industry practices and standards Are set by the self Regula tory organizations Sros which include the Alberta and Toronto Stock the Mon Treal and the investment dealers association of in a lot of the regulatory and compliance functions have been delegated to the Sros by the provincial securities these organizations oversee the brokers and investment As Well As the markets and while much of the work is carried out by the Sros the commissions Monitor their activities the Sros set standards for employment in the they also create rules governing How the markets must and they extensively investigate All suspected in they audit brokerage firms and dealers on a regular basis to ensure firms Are sol vent and following All of the Stock exchanges spend a great Deal of time qualifying companies before they can be listed and in monitoring Stock they also set and enforce rules to ensure that material information gets out to shareholders so that everyone trades on an equal they can Stop trading in a particular Security to make sure that one of the most important Safe guards is the investor Protection fund which protects investors from losses if an investment dealer goes this is similar to the coverage the government provides to Bank the Canadian investor Protection As it is covers up to per account of which can be in accounts such As Short futures and foreign currency Are combined As one account for cover age the fund is paid for by the firms belonging to the your investment adviser is required to make recommendations that Are appropriate for you and conform to prudent business this is called the know your client Rule in the there Are Many other rules for advis for you must receive a confirmation of any trading in your account As Well As detailed and regular account Securi ties you have paid for must be kept apart for safekeeping from any other securities owned by your your broker cannot Tell you that a Stock is guaranteed to go up or Down in if you think your investment adviser has done something your first step is to speak to the Branch manager of the he or she will try to resolve the problem or will refer it to one of the these bodies will pursue the investigation if there is the a will be fined or forced to with draw from the As you can the checks and bal ances in the financial markets Are designed to ensure that All investors Are treated fairly and by having a better understanding of this you can appreciate Why Canadas capital markets Are recognized As among the most efficient and Well regulated in the next monday Bond Market products investment facts has been prepared by the investor learning Centre of Canada an Independent no for profit educational organization created by the Canadian securities through National publications and resource the Ilc is dedicated to helping canadians learn More about to find out More about the Ilc please Call ;