Business

helping at least 28 North Shore students to

test the waters of the business world by set-
ting up their own businesses this summer.

By LISA SMEDMAN

a Colleen’ MacDonald and
La Robert Mah of West Van-
oe couver are just two of the
wf students taking the plunge.
: They are using a $3,000: Stu-
dent Venture Loan to set up

coe, College Closet Organiza-.
ned tions.
: This company, which

began operations last week
with a 2,000 flier mailing
blitz in the Sentinal Hill
area, will see the two part-
ners installing custom-fitted
wire shelving that is designed
to increase closet storage
space.

“We have high hopes,”
said MacDonald. ‘‘We’re
hoping to make our tuition
ao plus a profit.”

a) MacDonald, 23, is a four-
me th-year - geography major.

” Mah, 22, is a fourth-year
us business administration ma-
Met jor. The partners met
through the SFU enterprise
club, a group of young en-

trepreneurs who glean
business tips from guest
speakers.

Mah came up with the
idea. for. a custom-fitted
closet shelving business.
MacDonald researched the
types of product already on
the: market at the Vancouver
Home Show. They decided
to go with wire shelving,
because they could offer it at

about half the price of the

wooden shelving currently
available on the North
Shore.

So far, most: of the Sru-
dent Venture loan has been
sunk into the purchase of
materials. The 2,000 fliers
cost College Closet Orga-
nizers $38 to print and $140
to mail. ‘‘From there, it de-
pends on word of mouth,”
says MacDonald.

MacDonald and Mah are
currently cutting and fitting
the shelving themselves, but
they hope to have hired one
or two students to do in-
stallations in another month
or so. They also plan on do-
ing some door-to-door sales,
which should tell them which
areas on the North Shore are
receptive to their business.
From there, it’s simply a
matter of blanketing - that
area with more fliers.

Another student who is
taking advantage of the Stu-
dent ‘Venture Loan Program
is Kevin Wright, president of
the very successful
Westwright Student Painting
Inc. Wright, 22, is a third-
year business administration
major at SFU who set up his
company in North Van-
couver three years ago.

Last summer,
company utilized a $2,000
Student Venture loan, and
hired 20 people. By the
September deadline for

Wright's —

repayment of the loan,
Westright Student Painters
had painted 90 North Shore
homes for a net profit of
about $17,000.

This year, Wright is ap-
plying for another $2,000
loan to expand his. business
to include renovations, and

to cover all of the Greater
Vancouver area. He has set
up what amounts to a fran-
chise system, where 10 area
managers pay Westright
Student Painters a fee to
cover administration, adver-
tising, and bulk paint pur-
chasing capability. Each

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NORTH VANCOUVER SHOWROOM
1090 CHURCHILL CRESCENT
PHONE: 980-9501

3971 No.6 Road |
Richmond. Ph: 273-1011

91748 S. Fraser Way
Abbotsford. Ph: 859-7657

45732 Yale Road West
Chilliwack. Ph: 525-5515

‘Federal Business.
: Development Bank

Call 980-6571

_appointment

’ Banque fadérale.

* 400 West Sth Avenue
Vancouver. Ph: 872-8383

10367 - 135th Street
Surrey. Ph: 588-1231

UNION

ELECTRIC SUPPLY CO.LIMITED

for your

by Tuesday
_June 1 1

de fe développement

Canad

_ business.

manager does his own hir-

ing, estimates, and - crew
supervision.
The secret to Wright’s

success is that he knows his
He started as a
painter for another company

27 - Sunday, June 9, 1985 - North Shore News

Student initiative pays off

T= Student Venture Loan Program will be

partnership. Now he is on
his own.

‘What I learn in my own
business far outstrips what I
can learn at school,’’ says
Wright. He is already talking
about expanding his com-

six years ago, then set up an
independent company as a

Wolverton &
Company Lid.

dian cities.

Members of the Vancouver

‘Stock Exchange since 1910

is pleased to announce the expansion

of their North Shore offices. We are
now accepting applications of Stock
Brokers with proven previous

experience.

Please call Jack Alter

#§-1037 Marine Dr. ,

North Vancouver

DISTRICT OF

following:
BYLAW 5781

Location:

Proposed
Amendment:

Purpose:

BYLAW 5782

Location:

Proposed
Amendment:

Purpose:

Municipal Clerk
June 7, 1985.

“THE CORPORATION OF THE

(Mrs) H.W. Eglestan,

NORTH VANCOUVER

NOTICE OF
PUBLIC HEARINGS
ZONING BYLAW

The Council for The Corporation of the District of
North Vancouver wilt hold Public Hearings under the
provisions of the Municipal Act in the Council
Chamber of the Municipal Hall, 355 West Queens
Road, North Vancouver, B.C. on Monday, June 17th,
1985 commencing at 7:30 p.m. to consider the

Applicant: St. Simons Anglican
Church

Lot 1, Block 11, District Lot
624, Plan 10725
1386 Deep Cove Road

Rezoning of a portion of the
site from Residences for the
Elderly Zone (RE) to Public
Assembly Zone (PA),
designating the entire site as
a Development Permit Area
and deleting the RE Zone and
siting area from the Zoning
Bylaw.

To consolidate the zoning of
the church site under the
Public Assembly category and
to provide the District with
control over the redevelop-
ment of this site to ensure
compatability with adjacent
residential areas.

Applicant: Crestview Services
Ltd.

Lot 3, District Lot 621 & 622,
Plan 20208

(Apex Avenue south of
Garibaldi Drive)

Rezoning the property from
Garden Apartment Residential
Zone 2 (RG2) to Single-Family
Residential 4000 Zone (RS5)
and extinguishing the existing
Development Permit Area
designation

To permit future subdivision in-
to approximately ten single-
family lots.

ane

Copies of the bylaws, supporting staff reports. and
any relevant background documentation may be in-
spected at the Municipa! Hall on regular working
days between the hours of 8°30 a.m. and 4:30 p.m.
June 7th to 17th. 1985.

All persons who believe their interest in properly af-
fected by the proposed bylaws shail be afforded an
opportunity to be heard at the Public Hearings on
matters contained in the bylaws.

pany to cover other Cana-

987-2201

sath,