Successful Business Basics is a program sponsored by the Rural Action Centre, Atlantic Canada Opportunities Agency, CBDC, Innovation PEI, and SkillsPEI.
The five three-hour evening sessions are held at the Rural Action Centres in Montague and Souris. The program teaches basic business skills such as planning and preparing a budget, controlling cash flow, tax responsibility, understanding financial statements, and beginner Excel.
The Rural Action Centre recommends the course as a good investment for entrepreneurs. The one-time registration fee of $50 allows people to retake the program whenever it is held.
“The mandate of the Rural Action Centre and the CBDC is to give people the tools to be stronger business owners,” says Martina MacDonald, General Manager of the Rural Action Centre in Montague. “The SBB program was built in-house. Many people running their own business are not comfortable with issues like tax responsibilities, cash flow, and budgeting. We want people to understand their financial statement so they are in full control their company’s growth and destiny.
“Over 90 companies in Kings County have taken part, and we see results. Entrepreneurship is more than being great at the business; they also have to be a great business manager.”
One such business owner, Jim Conohan of Along the Edge Juniper Works, highly recommends the course. “I didn’t know that much about business going in, but I knew a great deal coming out.” Jim says the SBB program helped him control his hiring needs. “I learned that sometimes it’s better to do it yourself, instead of hiring someone.”
Matt Doiron of East Coast Paddle Adventures started his company just a few summers ago. “The course gave me basic knowledge of things that I wasn’t educated in.” Matt says he learned a lot from the course, such as cash flow and spread sheets, and would recommend it to people just starting their businesses and as a refresher course to already-established entrepreneurs.
“Some people taking the course are new to business and some have been in business for five years,” says Barbara Pinto, Instructor of the SBB program and owner of Barb’s Bookkeeping.
“The course offers basic knowledge and the tools to understand the skills that help increase cash flow. When there is a lack of knowledge, a business struggles. Many businesses have flourished after taking the SBB course.”
To register for Successful Business Basics, contact the Rural Action Centre:
Pre-pay $50 to secure your seat.
For more information, visit www.ruralactioncentres.ca.