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Prince Charles and wife Camilla

DARRYL DYCK

The latest news and information for entrepreneurs from across the web universe, brought to you by the Report on Small Business team. Follow us on Twitter @GlobeSmallBiz. Download our app here.

Program helps Canadian Forces members transition by starting a business

Among the stops that Prince Charles and his wife, Camilla, are making during their visit to Canada over this Victoria Day weekend is a visit to the Canadian Forces Base in Gagetown, N.B., to visit with military personnel enrolled in The Prince's Operation Entrepreneur program.

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It's a program to help members of the Canadian Forces transition to civilian life by starting their own businesses.

It was created by Prince's Charities Canada, which supports The Prince of Wales's Canadian charitable work, in partnership with the Canadian Youth Business Foundation and the Students in Free Enterprise (SIFE) chapter at Memorial University in Newfoundland. Memorial's SIFE already offers a "based in business" educational boot camp for veterans.. It will run a week-long boot camp to help those enrolled in Operation Entrepreneur gain the same education, mentoring, networking and other support; those enrolled will also have a mentor and financing through CYBF.

The program is still putting together funding, said Nicole Tattersall, manager of media relations for the CYBF.

An advisory board from The Prince's Charities will be overseeing the program, as well as helping to find funding, she said. The first 20 enrolled will enter the boot camp in June, she said.

For Prince Charles's own words on the program, click here for a piece written by the Prince.

And the surveys say...

Running a business three times as stressful as raising kids

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What's more stressful than having a good relationship with a spouse, raising children or juggling personal finances? Running a business.

That's according to 38 per cent of about 1,300 small business owners surveyed in the first Bank of America Small Business Owner Report.

The report found that small business owners felt managing the ongoing success of a small business was more than four times as stressful as managing their own finances, nearly three times as stressful as raising children and twice as stressful as maintaining a healthy relationship with a spouse or partner.

And they regularly make sacrifices for their businesses: 57 per cent said they have forgone time for themselves, 37 per cent have given up keeping physically fit, 18 per cent have sacrificed the maintenance of a relationship with a spouse or partner, and 15 per cent each have sacrificed managing their personal finances and raising their children, the survey found.

More than half of small-business owners say they're successful

But maybe it's all paying off: More than half -- 51 per cent -- of small business owners consider themselves to be "very" or "extremely" successful, according to another survey, the Office Depot Small Business Index.

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How do they define success? For 73 per cent, it's by being profitable; for 58 per cent, it's having work-life balance; and for 56 per cent, it's working on something they believe in. Just 8 per cent equated success with being rich, the survey found.

EVENTS AND KEY DATES

One week to Challenge contest entry deadline

Next Monday, May 28, marks the entry deadline for The Globe and Mail/Telus Challenge contest -- an opportunity to win a $100,000 grant from Telus for your business. Describe the biggest challenge your business faces -- and how the money would help to overcome it. For more details, click here.

One application for two awards

Nominations are open for the FuEL Awards and the CYBF Chairman's Awards for best business, both of which "celebrate the successes of young Canadian entrepreneurs, identify role models for progressive business management and inspire youth to make entrepreneurship their No. 1 career choice." The FuEL Awards are open to business owners under 30, and any CYBF program recipient prior to June 30 is eligible to enter the chairman's awards. One application covers both programs.

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EDITOR'S PICKS FROM REPORT ON SMALL BUSINESS

Ten steps to manage personal devices brought to work

More and more employees are bringing their own devices to work. The BYOD movement is no longer so much a nifty idea as a sea change, writes Ivor Tossell in this Web Strategy piece. It's up to busineses to make the best of it. Follow 10 steps for companies to make the BYOD phenomenon work.

FROM THE ROSB ARCHIVES

What 'they' don't tell you about starting a company

Launching a business comes with more than a few surprises. In this August, 2010, guest column, Gen Y entrepreneur Dave Wilkin offered up a few myths, laughs and speed bumps for those thinking of beginning a business.

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Got a tip on news, events or other timely information related to the small-business community? E-mail us at smallbusiness@globeandmail.com

Join The Globe's Small Business LinkedIn group to network with other entrepreneurs and to discuss topical issues: http://linkd.in/jWWdzT

Our free weekly newsletter is now available. Every Friday a team of editors selects the top picks from our blog posts, features, multimedia and columnists, and delivers them to your inbox. If you have registered for The Globe's website, you can sign up here. Click on the Small Business Briefing checkbox and hit 'save changes.' If you need to register for the site, click here.

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