Business plan is key to success RESEARCH SHOWS. that ap- proximately 40% of all new businesses in Canada fail within their first year of operation. “A lack of planning is the number one killer of new businesses in B.C. and across the country,”” says Al Kerfoot, presi- dent of the Certified General Ac- ® countants Association of B.C. “To avoid being one of the ear- ly round casualties, a comprehen- sive business plan is critical to your success.” “You’re not entirely on your own,’? says the CGA president. “Help is available from many sources, including your certified - general accountant and the Feder- - al Business Development Bank’s Counselling Assistance for Small Enterprise program (CASE), to name just two.” : Your ‘business plan should in- ’- clude the following information: 1. Introduction. The introduc- . tion should state the objectives of yours;plan. For example, the introduction , . should state who is’ asking for fi- ““nancing, how much money is re- “quired, what purposes the funds will be used for, the amount of capital that you will be investing and the collateral that is available to secure the debt. 2. Your Business. State the mame of the business and how it will be organized —- corporation, ' proprietorship, partnership. As well, detail the main activities of the business -- service, retailing, wholesaling or manufacturing. 3. Production and Operating Details. Briefly describe the pro- duct or service you’re going to sell. Do an analysis of economic fac- tors affecting the industry, discuss capacities and historical produc- tion values, outline source(s) of raw materials and major suppliers, provide a description of property, plant and equipment. 4. Your Marketing Plan. It should Gemonstrate that your business has the potential to achieve the projected sales outlin- ed in your financial forecast. 5. The Management Team and Staffing. Include the resumes or a biography of ail members of the team. State their duties, respon- sibilities and how they will be compensated. As weil, list such advisors as your CGA, lawyer and banker. Determine staff needs now and in the future, 6. Your Financial inforraation. This section should outline your best estimate of the financial results your busines; will realize over the course of the next five years. Your research data should sup- port your figures. Your financial Torecasts should be shown mon- tly for the first year. For more information on business planning, contact the Certified General Accountants Association of B.C. at 732-1211. Sunday, October 20, 1991 - North Shore News - 25 Hello, my nume is Armin Enns, I have recently opened a new brake and muf- fler shop in North Vancouver called TOPS BRAKE & MUFFLER .. You may remember having your car serviced by me over the last three years at one of the “big chains” where I was the manager. TOPS BRAKE & MUFFLER offers the same quality service, warranties and more, such as: -~ FAST FRIENDLY SERVICE — 15 YEARS EXPERIENCE WITH ALL TYPES OF CARS AND TRUCKS — COMPLETE VEHICLE HISTORY RECORDS AT YOUR REQUEST- — SCHEDULED MAINTENANCE REMINDERS AT YOUR REQUEST — I WILL HONOUR MOST OTHER BRAKE AND MUFFLER SHOP WARRANTIES — LUBE, OIL AND FILTER SERVICE AT REGULAR INTERVALS — REGULAR BRAKE ADJUSTMENTS AND SERVICES Thank you for your support over the past years. Pie, I'm hoping to continue servicing your car or a : . truck over the next several years. \ 975 Marine Drive You are welcome to book an appointment for ‘i North Vancouver, B.C. © a free brake and exhaust system check and ser- V7P 1S4 vice at any time. Call 984-0094. y With regards, ARMIN ENNS Owner/Manager ARMIN ENNS OWNER/MANAGER Open Mon.Sat. 9-6pm "CUSTOM MADE FURNITURE IS AFFORDABLE Ever look for the perfect sofa, loveseat or chair, but just can't find it? Look no further, Carmel! Designs builds custom furniture to suit your everyday needs. We can create quality-uphoistered furniture at an affor- dable price — often lower than what you would buy in a store and with a shorter delivery period. We have over 100 years of combined experience Select one of our styles cr bring us a picture and let us create what you've been looking for. Over 5,000 ; fabric samples to choose from. since 1956 . . 980-2813 PS, We still do re-upholstery and repair 1225 E. Keith Rd. work. DESIGNS CUSTOM UPHOLSTERY serving the North Shore J Parker & Associates offers perscnal and corporate training in ali leveis cf WordPerfect: The courses are taught by Janet Parker, Cr, a Certified Resource with WordPerfect Corporation. -: WHAT DOES “CERTIFIED RESOURCE” MEAN? WordPérlect Corporation has tesled the skills and knowledge of the instructor and has accredited them with this standing. There are currently only 3 Certified Resource people in Canada. Janet Parker is the only one in British Columbia! WHAT IS DIFFERENT ABOUT THESE COURSES? British Motor Cars, owned and solely operated by Joseph The courses are reasonably priced. A practical business F Enderle is newly located ct 977 W. 3rd Avenue, behind Cap ‘approach to the Program ensures quick and easy learning. Mall. | Classes are limited to 4 students. After the course is Josephs 30 years of experience and attention to detail Spann you will have conlinuous telephone support free make this one mans business a quality operation. OF CTS: , Whether your car is a classic or a thoroughbred, you can be guaranteed your baby will get the attention it deserves. If your car needs servicing or repairs please call ahead for an appointment. ; HOW CAN I FIND OUT MORE? Phone J Parker & Associates. Janet Parker will personally answer all of your questions. CALL TODAY TO REGISTER FOR NOVEMBER COURSES Space is Limited! 988-7782 J. PARKER & ASSOCIATES A Registered Priveste Training Institute in the Piovince of British Columbia Establist.oct in 1987 #1 - 1500 Marina Drive, North Vancouver BENTLEY ASTON iWiARTIN ROLLS ROYCE JAGUAR Jonet Parker WordPerfect CERTIFIED RESOURCE 977 West $rd Street N. Vancouver 986-5332 British Motor Cars