Welcome to Asphodel-Norwood, Ontario, Canada
The Township of
Asphodel-Norwood
Canada Day Fire Truck Pull Vipers Hockey Game War of 1812 Re-Enactment

'The Friendly Township'

 

 

 




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Mill Pond Revitalization
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Seniors Information
Whats New

Asphodel Norwood Tanker Shuttle
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Senior B Lacrosse Team - The Norwood Nitro -
Smoke Alarms: It's the Law!!
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2006 Taxation, Water and Sewage Rates presentation now available
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When do I call 9-1-1?
Here are some reasons where you would phone 9-1-1.
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Election Results 2006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A Lawyer


 

 

Do you need Business Insurance?

ALL businesses will require some form of Business Insurance. Here is a partial list of the types of insurance you may need to consider:

* General Liability
* Errors and Omissions (sometimes called Professional Liability Insurance)
* Inventory and Assets
* Vehicle
* Bonding

If you are running a home-based business, don't be fooled into thinking your home and auto insurance will cover you. Be sure to call your insurer and let them know what you are planning to do. In most cases, there will be no or very little increase to your premiums. An insurance Broker can help you assess the types of insurance you will need. A list of brokers can be found in the yellow pages or contact:

Insurance Bureau of Canada
Suite 1800, 151 Yonge Street
Toronto, ON M5C 2W7
1-800-387-2880

Website: www.ibc.ca

Do you need professionals?

As an entrepreneur you will be required to take on many different roles. Part of being a good entrepreneur is understanding what you can do for yourself and when to call in the pros. Yes they will charge you for their services, but more often than not they will save you money in excess of their fees. It's a good idea to find someone you are comfortable with and who knows your industry before you need them.

An Accountant

An accountant can help you with the financial aspects of your business plan. In setting up your record keeping, it is a good idea to seek an accountant's advice so that you will know from the start what records to keep and how to do it properly. An accountant can assist you.

A Lawyer

In business, you will have a lot of dealings that will involve contracts. Some of them will be written; some of them will be verbal or implied. Your lawyer can help you understand your rights under a contract and advise you on your course of action. It is definitely a good idea to have your lawyer review anydocumentation before you sign it including a lease. A lawyer can also advise you regarding the legal liabilities related to the ownership of your business. Most incorporations are done through a lawyer. A partnership agreement should be drawn up between you and your business partner(s) and then discussed with a lawyer. A sample of a basic partnership agreement is available at the Business Advisory Centre.

A Marketing Consultant

Depending on your business, you may wish to contract a marketing consultant or advertising agency to help you design your ad campaign. Having an ad campaign is not just for a big business. A well designed ad campaign with a clear and consistent message together with a well researched marketing plan will give you a better bang for your buck.

Free Service

The Business Advisory Centre is pleased to provide you with (one) free half-hour accounting appointment, (one) free half-hour legal appointment and (one) free half-hour financial appointment to discuss any business issues. Call the Business Advisory Centre to book your appointment.

In Conclusion...

These are answers to the most common questions that the Business Advisory Centre are asked. If you have further questions, either about what you have read or more specific to your business, please don't hestitate to ask or make an appointment with the Business Consultant

They also present several excellent seminars and workshops including:

* Starting a Smal Business
* Preparing a Business Plan
* Bookkeeping Made Easy
* "Tax Tips and Write Offs for your Business"
* Other Business related topics "How to Sell on E-Bay"
* Salute to Small Business Month (October)
* Bridges to Better Business

They also run a Web-based training component call E-train for those who wish to take business training at their own pace. The cost is $125.00

BUSINESS ADVISORY CENTRE
210 Wolfe Street
Peterborough, ON K9J2K9
(705) 743-0777 ext. 225
Email: bac@gpaedc.on.ca

www.GPAEDC.on.ca

 

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