- Train them so that they don't feel lost and get fed-up quickly
- Work as a team on identifying and prioritizing individual goals.
- Individuals are expected to be self-starters, so help them improve and learn from mistakes.
- Provide employees with the resources to better their professional reputation.
EVENTS AND KEY DATES
The Globe's Small Business Summit is Tuesday
Sourcing capital, tapping into immigrant talent, and staying current in the technology space are among the dozen sessions at The Globe and Mail's Small Business Summit on Tuesday in Toronto. The event is designed to take your business to new heights and to help foster your own personal success. Sessions will be lead by a combination of experts and veteran entrepreneurs. Maxime Bernier, Minister of State for Small Business and Tourism, will present the opening keynote address. Tickets are $199 for a full day of learning and networking, click here to register. You can follow the proceedings on our live blog on Tuesday, hosted on the Report on Small Business website, or use the #globesbs11 hashtag on Twitter.
Enhance the value of your business
If you own a private corporation with annual sales ranging from $2 million to $150 million, SBLR Chartered Accountants is putting on a complimentary breakfast seminar designed with you in mind. Hosted by one of the firm's partners, Mitch Silverstein, and Chris Nobes, managing director of Campbell Valuation Partners, topics include how to measure the value of your private company, strategies for enhancing the value of your business, tax savings through the multiplication of the capital gains exemption, maximizing family income through new income splitting techniques, and protecting assets through holding companies and family trusts. The seminar takes place Nov. 29 in Toronto, starting at 7:45 a.m.
EDITOR'S PICKS FROM REPORT ON SMALL BUSINESS
Make programs relevant to female entrepreneurs
Women’s entrepreneurship is falling short in Canada, according to a task force report issued Monday. Only 16 per cent of all small and medium-sized businesses are majority female-owned, according to the latest data from Industry Canada. Moreover, the average annual revenue of those firms is roughly $563,000 versus $1.12-million for majority-male-owned businesses. “Hundreds of thousands of Canadian women seek to grow their firms, and I think there rests the gap,” said Barbara Orser, chair of the Canadian Task Force for Women’s Business Growth, and a business professor at the University of Ottawa. The report says Ottawa needs to consolidate existing small-business programs to prevent overlap and to ensure those services are relevant to women entrepreneurs.
FROM THE ROSB ARCHIVES
Helping women owners connect with big companies
WEConnect, which has several chapters across Canada, offers an official accreditation program for female-owned companies. The independent, not-for-profit organization began operating in Canada in March, 2009; it is modelled on a U.S. parent, now in its 13th year. To become a WEConnect member, a company must be at least 51-per-cent owned by women. Once certified, member firms get the chance to supply goods and services to some of the world’s biggest companies and to bid on U.S. and Canadian government contracts. At the time of the story, 67 certified companies were certified in Canada and another 24 were currently going through the application process.
Got a tip on news, events or other timely information related to the small-business community? E-mail us at yourbusiness@globeandmail.com
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