The West Nipissing Chamber of Commerce E-Newletter
Starting a side business? Minipreneurs still need to plan

Are you a minipreneur? Minipreneurs are consumers who are becoming entrepreneurs. Some use their passion to make extra money, while others move towards having their business become their only source of income. People working part-time, seniors, mompreneurs, freelancers and many others are becoming minipreneurs. This trend toward entrepreneurship comes from having easy access to hardware, software, marketplaces and the many resources available on the Internet.

Whether you are a minipreneur or a small business owner, it is important to know the business basics as you may be responsible for tasks such as accounting, marketing, and website development. Prior to starting your business, make sure that you have put some thought into:

For example, do your friends ask for and rave about your wonderful cakes and pastries? Would you be able to handle an increase in volume and time commitment if you launched your business to a wider audience? Figure out how much time it takes to make each cake and your costs (material, packaging, transportation, equipment and location). How much profit do you need to survive? How will you market your cakes?

Word of mouth is a great way to grow your business. Publishing your friends' opinions or testimonials on your website or through social media channels can be a valuable way to create a buzz about your business. Friends talking to friends or their networks can be a cost effective way to promote your business.

Build an element of trust with your clients by providing excellent customer service, offering a good selection and meeting their expectations on an ongoing basis. If clients express a negative opinion, be sure to address it right away to minimize the damage to your business' reputation. You could also offer rewards or incentives for clients who endorse your product on their own websites or through their networks.

Turning your passion into a business can be a lot of work, but careful planning could help your business thrive in a competitive marketplace.

Learn more about developing your business ideas to help you plan for your business' success.

Source: http://www.canadabusiness.ca/eng/blog/entry/4684/ 

 
 Take Advantage of Free Advertising

Are you a West Nipissing Chamber Member?

 

If so, you can take advantage of FREE advertising on our e-newsletter. See your ad here!

 

Simply click on the link below and provide the name of your business and contact information.  

 

CLICK HERE


 


Business Centre Launches Starter Company
The Business Centre is pleased to announce the launch of 
Starter Company, a comprehensive entrepreneurship development program designed to assist youth 29 years and younger launch a new business or expand an existing business. There is no cost to participants and all program funding is provided by the Province of Ontario through the Ministry of Economic Development, Trade and Employment.

 

 

Starter Company includes the development of a business plan through a 12-week schedule of workshops, one-on-one consultations, mentorship with an expert panel, and the opportunity to apply for up to $5,000 in provincial grant funding.

 

For additional information or to make application for this program, please contact Denise Sherritt at 705-474-0400 x 2425 or denise.sherritt@cityofnorthbay.ca
 
Entrepreneurship Workshops, Seminars and Events

The West Nipissing Chamber of Commerce and the Business Centre Nipissing Parry Sound are working collaboratively to help build and strengthen West Nipissing's entrepreneurial capacity. 

We are seeking your input on workshop topics you could benefit from and that you would find valuable. 

Please complete the survey below to provide your input. 

 

CLICK HERE 


 

 



Copyright © 20XX. All Rights Reserved.