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c14 economist suntribune february 24 1988 cellular telecom quality and savings in one package motorola 4500l cellular phone 48ii 1b hf purchase per month lease to own price s1670 includes free hands free free installation free glass mount or standard antenna 3 year warranty full featured cellular phone call today for full details toronto 416 4602506 newmarket 416 8531050 barrie 705 7222000 814 davis drive newmarket ontario cellular phone fax machines lap computers cellular telecom sffgosft worry free no fees front or tail end flexibility your choice personalized service fastefficientfriendiy you can insure up to 100ofyourrrsp regardless of amount all at your stouffville district credit union 6402811 credit union 96 main st w stouffville tips on starting business doug robbins there are three ways to go into business starting from scratch buying an existing business or ac quiring a franchise whatever the way there are 11 basic rules to follow to make that business successful know the business youre going into if you dont know the business dont go into that business always incorporate if anyone tells you not to get a second opinion in general a corporation has signi ficant advantages it restricts your liability and reduces income taxes substantially you get better carry lossforward positions in startup situations and surprisingly its easier to borrow money than it is with a prop rietorship so always incorporate develop a business plan a busi ness plan is a financial forecast of how you are going to operate your business dont go in without enough capital if your plan says you need 100000 dont try to start with 50000 youll fail dont start off borrowing to your limit try to borrow twothirds youll still have a cushion in the event of an emergency and besides its simply good management monitor and control the business with financial reports profit and loss statements on a monthly basis during the first year of the business quarterly profit and loss statements during the second year and a profit and loss statements on a semiannual basis in the third year and thereafter these should be supported with monthly reports on sales inventor ies payables and receivables with this kind of information youll have a good handle on whether its run ning the way it should but most im portantly youll also have the time to do something about it before it becomes a major problem if you go into a partnership al ways have a way out i make a lot of money terminating partnerships i do it on a straight hourly basis dont give away your company whetherin the form of free shares to employees or a percentage of the business to a key employee if you want an employee to have it then sell him or her the shares dont give them the shares people never appreciate what they dont have to pay for dont forget that youll be locked into an 80hour work week youll have to learn to manage not just work most people work 80 hours a week but dont manage never have less than two sup pliers for any source of product if theres a strike at the plant of your main supplier or the plant has burned down it could cost you your business use your lawyer accountant banker outside business consul tants in making your decision to get into the business and consider set ting up an advisory board of five or six people including your accoun tant lawyer and a couple of outside people who have knowledge in that business and meet regularly doug robbins is a business broker and a lecturer on small business caution dangerous chemicals stored inside environmental risks arent only acid rain or industrial toxic wastes each one of us in his or her own way has a daily impact on the quality of the environment it may be cigarette smoking or the washday detergent the cleaners and polishes in the kitchen cupboards or the paints and solvents in the basement each family home regardless of how safe and cozy it appears contains chemicals which should be carefully controlled make sure youre doing your best to control household hazardous wastes become aware of the chemicals you use and dispose of every day educate your children as to the hazardous products in your home and store those products safely buy only those products which can be used and disposed of safely buy pesticides and other household chemicals only in quantities that you can actually use help to organize special refuse collections for hazardous materials discourage overuse of plastics and styrofoam encourage the use of reusable materials do your part to make sure the world is safer for yourself that way well all benefit environment envlronnement canada canada canada