She already has plans of opening up her own beautician shop

2006 FedNor Secondary School Business Plan Challenge

North buy canada goose jacket Bay has survived the cyclical rides of Northern Ontario’s resource dependent economy better than most communities because of its plethora of canada goose outlet canada diversified small and medium sized companies.

Many of the community’s success stories have been homegrown entrepreneurs who have started their ventures as home based businesses.

Working with fledgling entrepreneurs and instilling confidence in the next generation of would be business owners is the mission of North Bay’s Business Centre Nipissing Parry Sound.

Based in North Bay city hall, the business start up organization encourages young entrepreneurs and annually recognizes them with an awards gala now running into its sixth year.

The centre headed by manager Karen Jones and Megan Lee, has forged links with area school boards in promoting education and business awareness at the high school level through the FedNor Secondary School Business Plan Challenge.

This year, sponsors FedNor, the Ministry of Small Business and Entrepreneurship, and the City of North Bay gave away $2,500 in cash and gifts for students with 11 awards handed out. The 13 participants in the provincial government’s program uk canada goose outlet were also recognized.

With the support of 12 schools and four area school boards, The Business Centre promotes the competition to students each fall working through their teachers, many of whom incorporate the contest guidelines right into their class curriculum.

“The canada goose outlet uk sale bulk of the submissions come from business classes but it’s open to all students,” says Lee.

The judging criteria were based on the structure and aspect of their plan, content, creativity and overall knowledge of their concept during presentation.

High school age students can enter two categories through the business and marketing plan challenges.

This year, North Bay’s West Ferris Secondary School took home first canada goose outlet place finishes in both categories.

Seventeen year old Nicholas Korhonen’s business plan for “Frosty Treats” earned him top honours while Grade 11 student Kayla Tennant pocketed $500 for her marketing plan, “The Table is Set.”

The Business Centre has formed, what teacher Karen Bond describes Canada Goose Parka canada goose outlet toronto factory as “wonderful partnership,” in working with two school area boards the Near North District School Board and the Nipissing Parry Sound Catholic District School Board to form canada goose outlet in usa the Business Studies Subject Council. The idea goose outlet canada being to further canada goose outlet parka enhance business studies in the canada goose outlet online classroom by integrating the competition right into the classroom material. The organizations are jointly working on an entrepreneurship website.

In place of a final exam, students prepare either a business or marketing plan as part canada goose outlet store uk of a year end assessment project representing 30 per cent of their final grade.

Bond says having canada goose coats on sale that kind of education Canada Goose Jackets and experience is a great fallback plan for students.

“Their career choices they make going on into post secondary education may or may not work out at some point and they can take their passion and turn it into a business.”

Especially important are the “soft skills” of teamwork, time management and presentation abilities, customer service and good communication.

And no question, she says, the prize package is a great incentive.

Bond says she “definitely” sees some future entrepreneurs in her latest crop of students. “Kayla will be an entrepreneur for sure. She already has plans of opening up her own beautician shop.” She estimates close to 40 per cent of her students will open their own businesses at some point.

Nicholas Korhonen’s concept to revive the long departed Dickee Dee ice cream tricycles with his “Frosty Treats” plan came with an extensive local marketing canada goose outlet online uk survey of more than 100 people. “I saw that gap and decided to write my business plan on that.”

Selling ice cream on a hot day at the waterfront or during Heritage Festival represented a “huge opportunity” for success. Korhonen spent more than $50 on flyers, business cards and designed his own billboards and radio spots.

While canada goose outlet black friday not intending to work this specific plan, Korhonen has an engineering idea to run household appliances on hydrogen, a project he entered in a science fair.

The 17 year old began working at a young age washing dishes and making boxes at his father’s Pizza Hut, where he still works 20 to 40 hours.

Always uk canada goose busy, he is considering the University of Waterloo’s accounting program in two years and has full intentions of someday starting his own business. “I’m the type of person that doesn’t like to be told what to do all the time. McElligott canada goose store Secondary School. The personal development course is intended to encourage students canada goose outlet to utilize entrepreneurial skills in all facets of their life and career.

“Whether or not they end up working for somebody else, we’re trying to show them that they can be enterprising.”

Her class of 20 students all prepared business plans with six proposals being submitted for the competition ranging from a landscaping business, to twig furniture production, a babysitting service and a Main Street cafe.

“The kids were really excited about competing against canada goose outlet jackets other students” rather just run in house competitions.

“Megan and Karen have the program so well done that it’s fairly easy to guide your class through it. It cheap canada goose uk was a good resource for a starting (first year) teacher.

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