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Business Learning Sessions

Contact the TBDS office to sign up for these FREE essential business skills learning sessions:

 

Business Finance 1: Understanding Financial Statements: February 21 @ 10:00 am1:00 pm

Financial statements can often seem like another language, but understanding them is necessary to the success of your business.Learning Objectives:

  • Decipher balance sheets.
  • Interpret income statements.
  • Understand how to make your earnings work for your business.
  • Identify the difference between market and book value, amortization and capital cost allowance, as well as the distinction between income and cash flow.

 

Business Finance 2: Financial Analysis: February 21 @ 2:00 pm5:00 pm

Once you understand your financial statements, you can use them to better understand your business. Financial analysis not only reveals the financial health of your business – but also helps you understand the effectiveness of business strategies, and root causes of business problems. Using a ‘case study’ approach, this seminar is great for existing businesses and for business start-ups planning to use industry standards for their financial plan.Learning Objectives:

  • Introduction to you to ratio analysis, a powerful tool which will help you identify the financial pros and cons of your business operations.
  • Understand of how to calculate ratios, interpret them against history and benchmarks, and apply these new concepts to your business.

Both session presented by Bill Erichson of Pacific Training Innovations.


My First Year in Business: A Financial Overview : March 6 @ 10:00 am1:00 pm 

Establishing your financial records and bookkeeping system should be one of the first orders of business when starting your company. You will need to establish a separate business bank account, put together a filing system, and decide how to invoice your clients.Book this seminar today to understand how to establish the right business strategy for your company.

Learning Objectives:

  • Learn the different financial statements your company will need.
  • Gain an understanding of the components and difference between the balance sheet, the income statement and cash flow statement.
  • Understand what a cash flow statement is and how daily business transactions affect your financial statements.
  • Review CRA’s requirements for record keeping.

Presented By: Dianne Mueller of SOMA Business Solutions


Taxsense for Your Business: March 10 @ 10:00 am1:00 pm

So you’re thinking of starting, or have already started, a small business but you’re unclear on how to structure your business or what to do to keep the bank and the tax man happy. Attend this seminar and find out the different types of structures and the tax benefits of each.Learning Objectives:

  • Discuss the differences a sole proprietor, partnership and corporation can provide to you.
  • Understand what defines taxable income, allowable deductions, subcontractors versus employees, payroll traps and tax requirements.
  • Learn about tax issues that apply to you and how your financial statements and information are viewed by others.

Presented By: Gabrielle Loren of Loren, Nancke & Company, CPA, CGA.


Pricing and Costing Your Product:  March 13 @ 10:00 am1:00 pm

Setting prices is both an art and a science. The science is determining your costs … and the art is understanding the underlying role price makes on customer buying behavior. This seminar has both a marketing and a financial focus as we get to the heart of how pricing plays an important part in your overall business success. This session will make you question your assumptions about pricing, costing and how they fit into your business strategies. Whether you are experienced in business or you just want to get started on the right foot, pricing and costing is time and money well spent!

Learning Objectives:

  • Understand the 4 C’s of pricing: Costs, Constraints, Customers & Competition.
  • Learn about fixed Costs, variable costs and total absorption costing.
  • Know when to use pricing as a comparative.
  • Discuss pricing for sales vs. pricing for profits.

Presented By: Bill Erichson of Pacific Training Innovations.


Trademarks, Copyrights, Patents and More:  March 24 @ 10:00 am1:00 pm

Do you know if the work you create belongs to you? Or how to prevent others from copying your ideas? Attend this seminar and hear from an intellectual property lawyer on the various forms of intellectual property protection and how they can safeguard your business.

Learning Objectives:

  • Overview of Types of Intellectual Property – when to consider patent, trademark, copyright, or design protection
  • Overview of Trademark Protection – what are trademarks and how to protect them, and how to avoid disputes over trademarks
  • Overview of Copyright Protection – what is copyright and how to avoid common pitfalls

Presented By: A representative of, Oyen Wiggs Green & Mutala LLP

Thebacha Trade Show 2017

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2017 Thebacha Trade Show Registration  is now open!

Be sure to check out our Platinum Sponsor, Business Development and Investment Corporation’s website: www.bdic.ca, for information on their programs and services dedicated to your business success.

Booths are filling up quickly, download a registration form, today!

Small Business Week 2016

Small Business Week (SBW) 2016 is scheduled for October 16-22, with the theme of “Measure up! Shape your future.”

What is SBW?

From the Business Development Bank of Canada’s (BDC) website, ” Business Development Bank of Canada (BDC) trademark whose origins date back to 1979 when BDC business centres in British Columbia’s Lower Fraser Valley pooled their resources to organize a week of activities for entrepreneurs. This first event and the one that followed in 1980 were so successful that BDC officially launched BDC Small Business WeekTM across Canada in 1981. The initiative was quickly adopted by Canada’s business community.”

SBW is also chance to celebrate, support small businesses in your community, and to recognise the importance and contributions small businesses make to their communities.

The BDC’s website, is a great resource for entrepreneurs with business related articles, tools and inspirational stories designed to stimulate how owner’s and manager’s think about their business and help shape future success.

Thebacha Business Development Services is planning on Celebrating SBW with an Open House and Small Business Learning Sessions. Check back for more information and updates!

Thebacha Business Development Services …Helping Small Business Start and Succeed! 

Thinking of starting up your own business?

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There are many factors to consider!

To ensure your potential business will thrive in your community; it is important that the community will patronize your business rather than a competitor’s . This is where a little market research and a competitive advantage comes in.

It is also important that you are aware of the energy, time and commitment necessary to managing your own company, and that you have the necessary skill, experience, permits, accreditation, and resources to do so. As most start-up small businesses fail within the first two years, the better prepared you are, the better chance you will have at succeeding.

Starting your own business requires at least 70 hours of work a week, a network of alliances including suppliers and advisor’s, a network of potential customers, an understanding of the demands and requirements needed for the industry you are interested in, whether it be retail, food service, manufacturing, etc., and the demands needed for your family and social interactions.

Location, location, location! Where will your business be located? You wouldn’t want your business right next to a competing business nor would you want it far from any potential customers.

Serious consideration needs to be given to the start-up costs, which include buying or leasing the land and building, and any renovations that need to be done. Then you have to think about your desired customer base and how frequently they will buy your product, therefore you must also think about the buy and sell cost of your product, as well as any discounts or promotions that go along with your product in order to account for a more accurate revenue projection, and how frequently the product would be bought or used.

Business expenses can  include wages for staff, the owner’s draw ( your salary!), loan repayment, inventory, maintenance such as equipment, office machines, and vehicles, and expenses, such as rent, phone, gas, and insurance, and you can’t forget about the tax man, even if the company is based inside the home.

Do you have enough capital? Do you have investors or will you need a loan? There are several steps you need to take first before requesting a meeting to discuss obtaining a loan.

When applying for a loan it is required that a business plan be drafted. A business plan includes financial statements or projections, with the correct estimations of revenue, expenses, start up costs, balance, cash flow, and the critical break-even point for the business to ensure its survival.

Before requesting a meeting, you must ensure you are well-prepared and have your business plan in hand for a visualization of the requirements needed and the ideas you have for your potential business. As a business service officer and a loan officer will have several expectations before your meeting.

Welcome Becca!

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Please welcome Becca McArthur!

Becca will be joining us at TBDS for the summer. She will be returning to university in the fall to pursue her Masters Degree at University of Calgary.

Stop by our office at 68 Portage Ave. and say hello. Find out how TBDS helps small businesses start and succeed!

Exhibitors

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The Countdown is On!

The Thebacha Trade Show is less than 2 weeks away! All booths have been booked. Be sure to come out and say hello to your favourite exhibitor!

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2016 Thebacha Trade Show Sponsors

The 2016 Thebacha Trade Show is a little more than a month away! Saturday, April 30th at the Fort Smith arena!

We would like to welcome to our newest sponsors of the 2016 Thebacha Trade Show: Northwest Territories Power Corporation – Gold Sponsor Printand the Métis Dene Development Corporation– Bronze Sponsor


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New Sponsor and Exhibitor Registration

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TBDS would like to welcome the Fort Smith Health and Social Services Authority as a Silver Sponsor, andPrint Aurora Ford, who will be joining us as an exhibitor at the 2016 Thebacha Trade Show!

There is still time to join our sponsor list! Contact Linda at TBDS, 872-2795

 

 

Thebacha Trade Show Sponsors Signing On

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The Thebacha Trade Show is only 105 days away!

We are pleased to welcome aboard Northwestern Air Lease as a Gold Sponsor, Kaeser’s Stores as a Silver Sponsor, and Phoenix Automotive and Thebacha Chamber of Commerce as Bronze Sponsors.

On April 30, be sure to stop by their booths, say hello and find out the new and exciting things that are happening in their world.

There is still plenty of time to become a Thebacha Trade Show sponsor. We have 3 levels of sponsorship left to choose from. Gold, Silver, Bronze.

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Contact Thebacha Business Development Services at 867-872-2795

Or download our trade show registration package here.