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

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

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

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manager does his own hir-

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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,