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No nonsense information on small business.

Oct 21, 2011 - 1 minute read - Comments - business news

Telus Sponsors Elevator Pitch Contest On Facebook

Being able to tell someone what your business does in 30 seconds or less is an important skill. Getting a lot of information into this short message isn’t easy but if you can do a good job of it, you could win an iPhone 4, and iPad 2, and a $1,500 Amex gift card from Telus.

To enter, “Like” the Telus Facebook page and enter your business information along with your elevator pitch into the online form.

Anyone who owns or works for a company of 100 people or less can enter the contest. The winner will be chosen by a combination of public voting and a Telus judging panel.

The contest runs until October 31, 2011.

Oct 19, 2011 - 1 minute read - Comments - business news

Canadian Government Announces Permanent Funding For BizPal Program

There will be $3 million in annual funding for the BizPal program. The vision is to have more jurisdictions join the program, which provides a one-stop online service for access to information on permits and licenses that small business entrepreneurs need to start and operate their businesses.

Currently, there are 11 provinces and territories participating, with over 600 municipalities offering the service, which covers an estimated 57% of the Canadian population.

For more information, visit the BizPal website.

Oct 18, 2011 - 1 minute read - Comments - banking

BDC Allocates $200 Million To Help Entrepreneurs Invest In IT

The Business Development Bank of Canada (BDC) has allocated $200 million of loan funds to help entrepreneurs purchase new information and communications technology. The proceeds of the loans can be used to purchase hardware, software or consulting services including internet solutions.

BDC clients and non-clients including small or home based businesses are encouraged to apply. Those businesses applying for loans under $50,000 in total must apply online. Businesses looking for more than $50,000 under this initiative should call BDC customer service at 1 877 BDC BANX (232-2269).

Oct 13, 2011 - 2 minute read - Comments - business news

Take Off With Amex Contest

American Express is offering $10,000 and a social marketing consultation with the Managing Director of Facebook Canada to a lucky Canadian business.

You must be a resident of Canada (excluding Québec) and have authority to sign on behalf of your business to enter. To enter go to Amex’s Facebook page and click on the big green arrow in the graphic that says “Enter Here”. This will take you to a simple web form where you will fill out your basic contact information and write a 150 word statement that describes:

  • How the prize will elevate your business
  • A demonstration of entrepreneurial vision
  • An innovative and create approach to advance on the runway to success

The semi-finalists will be chosen by a panel of judges who will be using the following scoring criteria.

Criteria Weighting
Originality 40%
Is the Idea innovative and unique from other Entries as well as existing ideas in Canada?
Does the Idea demonstrate forward thinking and taking the next step?
An attainable and engaging growth initiative 40%
Is the vision realistic and practical?
Does the Idea provide a clear and concise vision of the concept?
Does the Entry clearly articulate how the Grand Prize will be used to further the Qualifying Business’ growth aspirations?
Brand affinity 20%
Is the Idea in line with Amex Canada Inc. brand values? For example:
* Does the Idea show entrepreneurial spirit?
* Does the Idea showcase how the Qualifying Business is realizing the potential for its business?
Total Score Maximum 100%

Keep these criteria in mind as you write the 150 word statement about your business. The better you demonstrate what you are looking for, the better chance you’ll have to make it to the final round where the winner will be selected from 5 finalists by public voting.

The contest closes for entries on Monday October 24, 2011 at 11:59:59 pm ET. You can view the official rules on the website.

Oct 12, 2011 - 1 minute read - Comments - business news

Greater Saskatoon Chamber Of Commerce Connections Event

The Greater Saskatoon Chamber Of Commerce is hosting an event called Connections. This is an excellent opportunity for people who are looking to start a business or people who have just started one to network with professionals from the business community.

Representatives from the following organizations will be on hand.

  • PwC LLP
  • Women Entrepreneurs of Saskatchewan
  • Praxis School of Entrepreneurship
  • Ideas Inc.
  • Canadian Youth Business Foundation
  • Raj Manek Mentorship Program

This will be an excellent opportunity to meet people from these organizations, which are dedicated to helping people start their own businesses. If you are looking for advice on how to get started or where you can find resources, this event is for you.

The event will be held at Ideas Inc. (200-120 Sonnenschein Place) from 7:30 am to 9:30 am on Thursday October 20th, 2011. Tickets are $15 for Chamber members and $20 for non-members. You can register online here.

Oct 11, 2011 - 1 minute read - Comments - entrepreneurship

Get Out Of Your Own Way

You want to start a business, yet you are not making any progress towards that goal. There seems to be a lot of things in the way. Your idea isn’t good enough. You don’t have enough money to invest into it. You don’t have the time to do the business planning that is necessary before you get started.

You think of “some day” when these things that are in your way won’t be anymore. You’ll be able to get started then and your dream will finally be a reality. There is a problem though. Without action, someday will never come.

If it is really important to you, choose to make starting a business a priority. You’ll have to sacrifice things you like doing. Watching TV, playing video games, and going out to dinner are fun things to do but they won’t get you closer to your goal. You might think starting a business is your top priority but if you are doing these other things instead, they are really your top priority.

You have to choose what’s important. If you don’t have time to focus on the things you need to do to start your business, it isn’t that important to you, is it?