THE NEWS REVIEW - Thursday, October 22, 2015 - Page 9A
A Special Supplement to
THE NEWS REVIEW Thursday, October 22, 2015
A Special Salute ... to local Small Business and the contributions they make to our community. Entrepreneurs and their innovative businesses are key to Yorkton’s economic growth. By the changing demands of the marketplace and creating jobs, small business continues to be the force driving the national economy. PREHUNG
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Prices May Vary After October 31, 2015 • Great Service Everyday!
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Page 10A - THE NEWS REVIEW - Thursday, October 22 2015
Canadians have entrepreneurial spirit but what’s stopping them?
Over half of Canadians (57 per cent) are entrepreneurs at heart and have thought of owning their own business, according to a recent RBC Small Business survey. While one-third (36 per cent) of Canadians who have thought of owning a business have actually started one, 84 per cent of those who have not started a business say they would rather work for themselves than for someone else. “Entrepreneurs play a key role in our economy by creating jobs, stimulating growth and encouraging innovation and creativity,” says Sarah Adams, vice-president, Small Business, RBC. “They are the backbone of our economy so it’s important that we provide them with the advice and support so that they can compete and be successful.” For those who have not started their own business, the following were cited as top barriers: No capital/start-up money - 44 per cent Need steady/reliable income - 38 per cent Fear of failure - 29 per cent Did not know how to start - 28 per cent Millennials are aspiring entrepreneurs While two-thirds (67 per cent) of millennials (age 18-34) have thought of owning their own business, eightin-10 (78 per cent) had not started. What’s holding them back? In addition to lack of capital, 34 per cent did not know how to start and almost one-in-four (23 per cent) said they had too much debt, such as student loans. Nurturing the entrepreneurial spirit starts in childhood The survey also
found that respondents who thought of owning a business had been engaged in entrepreneurial activities as children, such as doing yard work (49 per cent), shoveling driveways (37 per cent), creating a lemonade stand (22 per cent), painting (22 percent), selling crafts that they had made (17 percent) and walking dogs/pet sitting (13 per cent). If there’s a will, there’s a way Of those who started their own business, 40 per cent saved their own money; 35 per cent started small or with a side business to test the waters; 28 per cent got moral or financial support from family/ friends; and 21 per cent contacted a financial institution/accountant/ lawyer. To help make your dream business come true, Adams suggests the following tips: Research your market. While it may be tempting to ask family and friends for input on your product or service, to truly understand if your idea is viable, it is best to talk to your target audience. And don’t forget to check out the competition to give you insight into the marketplace and the opportunities that might exist. Develop a business plan. The business plan is the most important document you need because it helps you to think through your business idea before you actually start your business. Think about what problem you will solve and your competitive advantage. Determine your financial needs. Assess your start-up costs and calculate how long it will take to breakeven. Explore govern-
ment grants and small business financing programs that help entrepreneurs get their business off the ground. Talk to a financial advisor about cash flow needs and consider an operating line of credit, business credit card or term loan. Seek advice from professionals and other business owners. Connect with experienced business owners who can serve as sounding boards for your ideas and ask for advice about starting your business. Explore industry/trade associations for networking opportunities, and consider contacting start-up incubators to see what support they could offer. About the Entrepreneur Poll The RBC Entrepreneur Poll was conducted by Ipsos Reid from July 7 to 10, 2015, through a national online survey of 1,005 adult Canadians. Weighting was then employed to balance demographics to ensure that the sample’s composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within +/ - 3 percentage points, 19 times out of 20, had all adult Canadians been polled. The credibility interval will be wider among subsets of the population. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error. Continued on Page 13
HEARNS WESTVIEW PHARMACY 265 Bradbrooke Drive (across from the hospital)
306-783-4331 or 306-783-3988 Fax: 306-783-3775 OPEN • Mon. - Fri. 9 a.m. - 8 p.m. • Sat. - 9 a.m. - 5 p.m. • Sun. & Holidays Closed
•FREE DELIVERY & MAIL OUT SERVICE •DIABETIC SUPPLY CENTRE •OSTOMY SUPPLIES •FULL PRESCRIPTION SERVICE •PATIENT COUNSELLING •MINOR AILMENT PRESCRIBING •AIRCASTS •FIRST AID
SOLID WASTE DISPOSAL Locally Owned & Operated Since 1963 info@ossyorkton.com
306-783-6995
CHARTERED ACCOUNTANTS “Serving Yorkton & Area” with services in
•Individual, Farm & Corporate Tax Preparation and Planning • Financial Statement Preparation • Auditing Services • Data Processing • Accounting Services
Fax 306-786-6414
306-783-8531 310 - 41 Broadway Street West, Yorkton Email: yorkton@collinsbarrow.com www.collinsbarrow.com
Yorkton Business Improvement District Box 20030 Yorkton, SK S3N 4A9 Telephone: 306-783-9243 Cell: 306-621-3227 E-mail: yorktonbid@sasktel.net Website: www.yorktonbid.com
On behalf of the members of the Yorkton Business Improvement District we want to wish all of you who are in business, looking at starting a business or work with business in our community, a hearty thank you. Small business always has been the backbone of our economy. No matter where you go in our country, small business has always been there taking the lead. Not only in business but in the community. Enjoy Small Business Week Board of Directors Yorkton Business Improvement District
“Place Where Good Things Happen.”
THE NEWS REVIEW - Thursday, October 22, 2015 - Page 11A
Small business means local job creation
The growth of communities across Saskatchewan hinges on jobs. In Saskatchewan our population has grown
to 1.13 million people up 11,354 since 2014. People are moving west and to our province for opportunity and employment, and
small business continues to be one of the important drivers of the Yorkton community. As of September
YBID eager to help local business prosper Once again this is small business week in Saskatchewan. We no doubt will see an interesting four years ahead as a result of the federal election, and a provincial election to come early in 2016, will no doubt also have a significant effect on how small business operates into our future. The most important aspect for small business in our community is that we the residents of Yorkton stick by those local businesses. SHOP LOCAL should always be on our lips and we should encourage others to do so as well. It is small business that employees our friends, family & neighbours. It is small business which supports our local sports teams, school fund raisers, and it is small business which pays the bulk of taxes to our city allowing it to operate and grow. We all love to hear about large plants coming into our cities and towns and the jobs and money they bring,
that’s a good thing. But have you ever stopped and thought about those small businesses in our community who employ one to 10 people or maybe more. While the number sounds small, collectively they have more employees and contribute more dollars to the economy than almost any major employer, with the exception of maybe the health region. Our city of Yorkton was founded on small business. Small businesses which included a family of a father, mother and maybe one or two children. They ran the grocery store, the hardware store, lumber yard, and the blacksmith shop just to name a few. Locals supported those businesses and they grew, hiring one or two people and over time some grew into major employers. I mention the Morris Rod Weeder and George Morris whom I had the pleasure to meet when he was alive. A small business started in a garage in a rural area
of Yorkton. It grew into to what we know today as Morris Industries. A major employer and contributor to the Yorkton economy. So too was the story behind the Leon Brothers, Ray and his brother Leon Malinowski. A small company built from the ground up by two brothers which grew in to a successful worldwide supplier of farm equipment right here in Yorkton. This is what small business is all about. Starting small, maybe in a garage or a home based business, taking the risk associated with business, working hard growing and in the end being successful at what you do. Yorkton is full of such success stories. So let’s continue to shop local, supporting our mom and pop businesses whenever and however we can. If the Yorkton Business Improvement District can help, just ask. We love it when you shop local. - Phil DeVos YBID
30, 2015 the city of Yorkton had issued 1,147 business licenses for the year. Those businesses employ thousands of local residents and make a large contribution to the local and regional economy. Without the jobs created by entrepreneurs the city of Yorkton would not be the centre of commerce that is has grown to be with the third largest trading area in the province. Small business support our tax base, attract workers and
shoppers to our city and have helped define the community as a place to work and raise a family. The local business community supports many local projects and organizations, and without their financial contributions many events and charities would suffer. We wouldn’t be the vital city we are without their invaluable support. Saskatchewan has led the country with the lowest unemployment rate for two straight years at
5.1% and small business has played a big role in creating new job opportunities. While a small business might not command attention, as a group they are huge drivers of our local economy. City Council and our administration value their efforts in making Yorkton a destination for those looking to combine a job opportunity with a great place to live. Yorkton Mayor Bob Maloney
Cutting red tape to keep small business strong
Greg Ottenbreit MLA Yorkton Constituency gregottenbreit.ca yorkton.mla@sasktel.net (306) 306-783-SASK (7275) @GregOttenbreit
St. Mary’s Parish
Ukrainian Catholic Cultural Centre We can accommodate small or large groups • Weddings • Socials • Meetings/Conventions Box 1669 • 240 Wellington Avenue Yorkton, Saskatchewan S3N 3L2
Phone: 306-782-1010
Fax: 306-782-0424
email: smcultural@sasktel.net
website: smcultural.com
GOOD EARTHS SHOP Where Health Comes First ESTABLISHED 1986
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306-783-3600 24 HOUR EMERGENCY SERVICE 416 Ball Rd.
TERRY BRUCE RES: 306-783-6330 CELL: 306-621-1397
Linden Square Mall, Yorkton Phone 306-782-5300 Toll Free: 1-800-310-6458
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Locally Owned & Operated www.goodearthshop.ca
Page 12A - THE NEWS REVIEW - Thursday, October 22 2015
Small business critical to provincial economy Can you imagine what our province would be like if 98 per cent of the business community did not exist? Over 107,000 business doors would be closed and over 150,000 people would be without jobs. It’s small businesses that comprise 98% of Saskatchewan’s business community and they play a huge role in keeping the province’s economy thriving! A small business, as defined by Saskatchewan’s Ministry of the Economy, is one that employs fewer than 50 people. Most often, a small business is operated by an independent owner – an individual or a family. Small businesses are often described as the “backbone of the community” by providing goods and services and jobs. Diane Helbig, an author and business and leadership development coach describes small businesses as “lean,
smart, complex – eternally entrepreneurial – not just small versions of big business.” In Yorkton, we have hundreds of examples of entrepreneurs such as owners of hair salons, construction companies, consulting companies, print shops, manufacturing companies, retail shops, restaurants, vehicle and equipment dealerships, aviation services and the list goes on. These small businesses are owned by our friends and neighbours who employ our friends and neighbours. And across the province, these small businesses contribute to 31% of the province’s Gross Domestic Product (GDP). The Ministry of the Economy reports that the number of small businesses in the province has steadily increased between 2003 and 2013. Over 11,000 more small businesses exist in Saskatchewan in
2013 than in 2003! While big businesses may have more visibility in a community, the small businesses are establishing and growing. Jim Blasingame, an expert in small business and entrepreneurship, suggests “in the marketplace, small businesses are the face and voice of humanity, which provides them with a great advantage in the Age of the Customer.” As a result, it’s not likely we will see the demise of the small business sector any time in the near future. Small businesses are integral to the success of any community. On behalf of the Yorkton Chamber of Commerce, I salute our small businesses for the goods, services and jobs they provide to our community. May this Small Business Week be the beginning of another successful year for our small businesses. By Juanita Polegi Yorkton Chamber of Commerce
People make difference
Personally, I believe small-business people make huge personal and financial sacrifices, work long hard hours and take many risks to build a successful business to provide for their family and afford some personal freedom. Additionally, what they create strengthens the economy and provides employment and income opportunities for individuals and families within the local community. Typically, those same small business owners and employees are those who volunteer and donate their funds and precious personal time back to the community. Yorkton
has many fine examples of these described people. The provincial government, and I as the MLA for Yorkton, recognize and acknowledge the contribution small businesses make to our economy. Aside from jobs, small businesses are key to larger businesses and corporations’ success, because they provide important supplies and support which all contribute to our economy as a whole, whether it be agriculture, resources, manufacturing or retail, just to name a few. Additionally, small businesses contribute to provincial revenues through taxes which
helps the government deliver services and build infrastructure. They are an important partner in our government’s goal in growing and moving Saskatchewan forward. As a government, we work diligently to reduce barriers and create an environment where small businesses can thrive; we don’t always get it right, but strive for success, and we sincerely say thank you for the contribution the small business sector makes to Saskatchewan and Yorkton. — MLA Greg Ottenbreit
Yorkton Chamber of Commerce Salutes Small Business “To promote and advance the interests and growth of members and businesses in Yorkton and District.” Junction of Highway #9 & #16 Box 1051 Yorkton, Sask. S3N 2X3 Phone 306-783-4368 Fax 306-786-6978 email: info@yorktonchamber.com
THE YORKTON Chamber of Commerce works diligently for local small business owners.
Find us on 537 Broadway St. E., Yorkton, SK or www.truckpro.ca
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Canadians have entrepreneurial spirit Cont’ from Page 10 About RBC Small Business Banking Small businesses in Canada want flexible banking choices, convenient payment options and simple ways to manage their cash flow. Whether they are starting a business, managing growth, or succession planning, the RBC Advice Centre or Starting a Business website can help answer their questions. Free interactive tools
and calculators provide customized information covering many facets of business finance and online advice videos are updated regularly to answer questions that are top of mind with small business owners. RBC Group Advantage is a comprehensive program providing employees with advice from qualified investment specialists and financial advisors and also offers flexible plans -- including group RRSPs, group
savings and group bank -- as well as a mortgage relocation program, to help small business owners attract, retain and motivate productive, long-term employees. With the guidance of RBC business advisors, small business owners have access to free, no obligation professional advice about RBC products and services. For more assistance, please visit www. rbc.com/startyourbusiness.
THE NEWS REVIEW - Thursday, October 22, 2015 - Page 13A
Don’t just get “R” done.
GET “R” DONE RITE! 391 Ball Road Yorkton, SK 306-782-9600
Proud Supporter of Local Businesses and Events
Fax: 306-782-4449
Locally Owned Since 1974
WE OFFER… •COMPLETE INSURANCE SERVICE •MOTOR VEHICLE LICENSE ISSUING Offices in … •Foam Lake - 306-272-3242 •Yorkton - 306-783-4477 •Churchbridge - 306-896-2269 •Bredenbury - 306-898-2333 •Stoughton - 306-457-2433 Website: www.farrellagencies.com 24 Hr. Claims Service Office Hours: 7:00 a.m. - 6:00 p.m. COMMITTED TO YOU AND YOUR COMMUNITY
Page 14A - THE NEWS REVIEW - Thursday, October 22 2015
The businesses listed on this page are proud to have been a part of Yorkton over the past years
HECTOR’S AUTOBODY LTD. 1983 150 York Rd. E.
Ottenbreit
St. Mary’s Parish
Christie's 1893
Funeral Home & Crematorium
1963
121 Palliser Way, Yorkton
Sanitation Solid Waste Disposal
COLLINS BARROW 1920
1963
306-783-8531
Park’s Jewellery 1928
26-2nd Ave. N.
FEDOROWICH
Construction Ltd. 1966
Yorkton, SK
Service Ltd.
1943
SALES • PARTS SERVICE
Hearn’s Westview Pharmacy 265 Bradbrooke Dr. 1967 Yorkton, SK
14 Betts Ave. Yorkton, Sask.
1960
49 Broadway Street East Yorkton
306-783-5183
1983
140 York Rd. E., Yorkton, SK
1985
1981
306-783-8660
for the love of good food
2001
LAW OFFICE Barrister & Solicitor
5-5th Ave. N. Yorkton, SK
Scientific Beauty Salon 1985
6 1st Ave. N. Yorkton, SK
1989
& Exteriors Ltd. 130 Livingstone St. Yorkton, SK
306-786-7555
2005
1990
Yorkton, SK
306-786-6636
27 - 2nd Ave. N. Yorkton, SK
GINA’S INCOME TAX SERVICE
2006
Corner of Broadway and Brodie Ave. Yorkton
306-828-0937
Done Rite 2007
Autobody & Painting Ltd. 391 Ball Road, Yorkton
306-782-9600
Visit Our Showroom
115-41 Broadway St. W.
QUICK PRINT 306-782-6969
306-786-7055
LOUCKS PHARMACY
Restaurant & Lounge Parkland Mall Yorkton, SK
306-783-2424
WORLD LTD. •Nursery •Garden Centre •Grocery Store Hwy. #9 North Yorkton, SK
Manos
Fax - 306-782-1595
306-782-5300
YOUNG’S PLANT
(LOCK)
STEPHANIUK
Everlast Eaves
1978
Yorkton
306-621-5625
306-783-8773
Good Earths Shop
306-786-7676
Yorkton Bowl Arena
YORKTON WELDING
306-783-4656
Linden Square Mall Yorkton
Blaze Locksmithing & Security 1998 Box 502
306-782-1010
306-783-4331 306-783-3988
306-783-6515
1945
Ukrainian Catholic Cultural Centre
41 Betts Ave. Yorkton, SK
306-786-0506
240 Wellington Ave., Yorkton
306-783-3037
26-4th Ave. N. Yorkton, SK
Thorsness Appliance & Bed Store
1983
516 Broadway St. E., Yorkton, SK
306-782-2927
Auto Electric
45 Fifth Ave. North Yorkton, SK S3N 0Y9 www.baileysfuneralhome.com Telephone 306-783-7552 Email: baileysfuneralhome@sasktel.net
1997
306-782-3900
306-783-6995
306-782-2312
CHARTERED ACCOUNTANTS 310-41 Broadway St. W., Yorkton
Yorkton
The Health Foundation
Culligan
Better Water. Pure and Simple®
2008
Coles Water Conditioning (2011)
Culligan of Yorkton 1-76-7th Ave. S.
306-782-2644 1-800-756-5545