Monday, July 23, 2007

Seminars Winding Down

This is the final week of seminars. I hope they have proven useful to everyone who attended. As promised by Craig last week there is a teamwork article and example of an offer letter posted on the website. Also, here is the link to the Human Resources site he was talking about... http://employment.alberta.ca/cps/rde/xchg/hre/hs.xsl/4339.html. I have looked at it and it is quite thorough.

We have this weeks seminar then the business plans are due on August 10th. Good luck finishing your plans. I hope it all goes off without a hitch. See you on Thursday.

Friday, July 6, 2007

Financial Help

Hello Everyone
As promised there is a website that will help you gauge your business by comparing your financial statements to those of the industry norms all across Canada.

It is called Performance Plus. In their own words:

"Performance Plus is an on-line performance benchmarking tool. It provides detailed financial and employment data on more than 600 business sectors across Canada, including more than 30 performance benchmarks to help small businesses determine how they measure up against their competitors.

This tool uses the Small Business Profiles (SBP) created from a sample of Revenue Canada tax returns for both incorporated and unincorporated businesses operating in Canada.

Performance Plus gives instant access to benchmark financial data that can help small businesses construct a business plan. This tool also helps new and established firms find out where they stand as compared to a relevant industry average. Performance Plus assists small businesses in making the best operational decisions - quickly, simply and effectively."


The website is http://SME.IC.GC.CA. It is an interactive website to tailor to your business/industry. To use it first click on build your own profile, then use the 2004 data because it is the most recent. Then select the area, business type, and expense data units (I recommend $ instead of %). In the next screen you will need to choose and industry. Then simply keep narrowing it down until you have only on left to choose and click create report.

This is an amazingly powerful tool and great to compare your business to the industry for projections.