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IJ-WATERanm-MMZZJW ‘ A wm' m'ng business plan " when they leave school and embark on their very year. in the month of July. the career. 1 e | I Ehigh school business plan competition The Small Business Centre organizes and takes place throughout Ontario. scores all of the plans that come in every This competition challenges the talents year from high schools all over Waterloo and developing skills of up-and-coming region. We see a unique variety of business young entrepreneurs in our community. ideas coming from the dozens of students Ontario's ministry of Economic who compete every year. Development and Trade has put ‘ [ ’ They must first come up on this competition for a number l l \ i i H l A x with their idea for a business ofyearsnow. “Ugl\‘l 3g andthendoallthelegworkto i think the idea of encouraging " research all the minute details young people to participate in this that make up a well written kind of competition does well to business plan. foster an awareness and under- They learn how to conduct standing ofentrepreneurship. market research. negotiate t O S e r V e / O L l b e tt 8 l Encouraging high school stu- bank financing and structure 3‘ - dents to come up with a business lease agreements and supplier idea. and complete a comprehen- , contracts t sive business plan, helps them to .. . They then must put it all understand what is involved in "“ “ down in writing and present it runningabusiness ' W ROY in a readable and convincing When I started my first busiâ€" WEBER format for the judges nus morethan 15 yearsangrit- This process is strongly ing a business plan was not a supported by the business ‘ common thing for a small business owner to teachers in the high schools who are teach- _ do. ing the students the fundamentals of small l in today's changing marketplace, the business. business plan has become a requirement for The competition for this year has closed many aspects of the business start up and the winners will be announced later this o including financing, supplier and leased month. For your conven|ence spaceagreementa The winner of the Waterloo region com- , The bminess plan is also an excellent tool petition will go on. and compete as a finalist to help the small business owner plan and at the provincial level later this year. manage their growing business if you are a high school student interested the CI B C conesto a Ma I I Most new businesses fail with in the first in entrepreneurship, you can check with three years of opening their doors The num- your business teacher next fall to get more her one recon for this is lack ofplanning by details of how to participate in the 2010 . I the business owner. _ competition. dents begin to understand this important «- requirement for starting and building a busi- Roy Weber is and Mutter with the Water- ' ness They may discover. as well. that entre- loo Region Small Business Centre. E-mail him IS now preneurship is a viable choice for them armbaficirywaterbaonm g o o O n 5U n d a Boutique hotel coming to uptown pe w Construction on the Bar tique hotel called Domain. start of construction of the relYards project in uptown The hotel will be run by Domain Hotel,” said Mike I I Waterloo will begin in the the Decade Group. which Sisltind of Decade Group I "m" - p.m . fall. ‘ runs one other hotel in [1311- Inc. The first phase will don. Ont. “it marks a continuation include a SZS-million bou- “We are excited about the of the rebirth for this area of ‘ Waterloo. Q a? w w ”5}; £.."’-" 11:?" . ;» .1“: ”This hotel ‘1 saucony' fl tag? ' ‘ . . ‘ cgmpleénent: 1:? 1;. w. ;;.. , .> .1;- ' mm > t e resi entia v “I g» ‘ “W .. and commer- "v a“ ‘ . . . .~: 3 _' if" ' 3:5?th ciel plans for a SUMMER SALE ? “5%: , , 5;”; the BarrelYards ' ' . , . $5? â€" ' ~ w ' nigh; oommuni .“ Please vusrt us for all of your personal . gm ., $54 “”36,“ - - t 7’ sash" [am 3 slated to have and busmess banking needs. (l n . l, .. . 32:3. 160 units and .7 at; a“ ht. . 300d .. v .. ‘3‘ will be located J M” r 5 ’ ‘-â€"' is not in} )1} :in she Canbar ‘ ‘ an s near the . SAUCON v TRIUMPH s 300d enoughrg‘Q-j. .,j intersection of O r a” . Erb Street and /o I) When m realize tilt... Fuller David - , 0“ call Bauer Drive. ( ll)( us- ' The first , . phase of con- // RS’ 519-886-6620 struction will ‘1 also include é’e‘ ) , ‘ two condo- . t ”a“... g MW mugumwmwe l . o n s t r u c - (51!) m1 ) , ' s'gmgw, ‘ g is expected . J main-W g momma, t. “m... ‘ . ' ""1." “'9’ “we" may ‘