More than 40 people interested in starting up a small business, or getting advice on running the one they have, may have learned a thing or two after attending a seminar last Wednesday at La Place Rendez-Vous.
Coinciding with Small Business Week (Oct. 26-30), the seminar was a joint effort between the Rainy River Future Development Corp. and the Thunder Bay and Area Business Self-Help Office.
Jack Hendry, business investment manager for the RRFDC here, and Karen Loroff, co-ordinator of the Self-Help Office, both spoke on several key points to consider when starting a small business.
They included the starting idea, a feasibility analysis, a business plan, financing, and rules and regulations. Each step then was elaborated upon.
“I thought it was very informative,” said Mike Allison, who ran the A&A hockey school here this past summer with his brother, Dave.
“With having set up the hockey school, I knew what it was like getting started and there was a lot of information there,” he noted. “I also saw a lot of things that they suggested that I had done, and that made me feel good.
“And they went further than that and showed me new avenues that were definitely viable,” he remarked.
“The most helpful part was learning about the avenues a person had to go through to start a business,” noted another attendee, who asked to remain anonymous.
“They brought up things I didn’t realize, like licences and the different agencies to go through,” she added. “Like the RRFDC. I didn’t know what exactly they did before but they sound like a wealth of information.”
“I think it went very well,” said Loroff afterwards. “You could really see the vibrancy there. You can see that people were interested.
“Those that stuck around to ask questions afterwards, you could tell we got some sparks going there,” she added.
Meanwhile, Hendry left those on hand with an inspirational message.
“The number-one factor for success in business in perseverance and commitment,” he related. “But according to a study done in 1989, the number-one reason for you to stick with it is because you’re having fun.”
Everyone attending the seminar received an information package from the RRFDC and Self-Help Office, and were encouraged to contact them for assistance in the future.
Those interested in finding out more can contact Loroff (1-800-668-9360) or Hendry (274-3276).