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Georgetown Herald (Georgetown, ON), November 7, 1987, p. 9

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Outlook on Business Helping your business grow Once your business is you can relax Or can you On the contrary with the rapid change with technology products services competition and consumer demographics a business must con to grow to avoid being left Bui controlled growth in the right direction not growth for sake is the wisest strategy Sound growth comes from identifying new opportunities arising from market place changes and using them your advantage control systems Like a house built on rock rather being generated by the changing market What are the target segments and what needs are being inadequately met present time Perhaps you already have some ideas for new products or services that might enhance your ability lo examination of the marketplace confirm that there is a growing de for these potential products Maybe your key 10 growth is simply a question of marketing your existing lines in new ways An of each of the four key com of your marketing strategy Product Place Price and Pro Whatever the answer to attaining sound directional growth for your business you will need to spend lime preparing a detailed action plan In this plan you should out line new opportunities possible competition strengths and weak of your business income ex pense and cash flow projections human resource needs and paled capital expenditures Seok planning if you had some icnce with planning it s wise to seek professional help to ensure you ve covered all the bases Your banker lawyer and accountant arc impor tint contacts Suppliers trade as soctations the local chamber of commerce and even customers arc able to provide additional thd will aid your planning In addition Id counselling services such as the Business Development Bank pro gram Counselling to Small can help you identify How small business owners can avoid financial traps Putting money into overhead instead of producing areas failing to hire professional manager arc of the 10 common financial traps of small ncss ownership says a financial consul lam who has worked with hundreds of business owners over the past decade The drive toward bigger and greater that most people have often leads entrepreneurs to follow their plant build instincts says Michael Business owners may prefer putting money into fined assets for example opening a regional sales office or buying a building or a condominium But the nioie practical things to do in these cases may be to retain reps or to rem ic obstacles growth ANNOUNCEMENT J M Dunn D is pleased to announce a special service now available OffHours House Calls This service is available to Terra Cotta Cheltenham Campbells Cross Inglewood and ail areas in between Or JM Dunn 8778319 than sand your trowth must be on a firm foundation You need to work closely with your to ensure that ireful budgeting rcli financial and inventory controls and other information gathering systems arc The control systems do not need to be elaborate but they must pro vide you timely information on developing problems for example a monthly aged listing of receivable will alert you potential collection problems Similarly regular comparison or actual results with budgeted figures will aid in identifying trouble spots As your business grows these systems will help you tor your progress and provide you with the information you need to keep your growth on track Look for opportunities When these monitoring systems are firmly in place you can then begin to look for new ways grow The marketplace is the place to start your search What are the new op- LOOK TERRIFIC Swmay strappy sensational carry them off in style Large or small the new easy shapes of these handbags always look great 10t OF STYLES ALL THE TRADITIONAL COLOURS AND MORE 509GuelphSt 8732446 HANDBAGG PLUS Recipe For A New Home Ingredients 1 A family in search of a lew home 2 A Real Estate Agent who really cares 3 A Realty Company with access to hundreds of listings A Qualified Experienced Agent 5 A Real Estate Agent experienced in solving home buyers problems Instructions Bring the family in search of a new home together with the Real Estate Company Stir in hundreds of listings Mix thoroughly with the Agent who cares Top with years of experience Allow setting time Serves the Halton Hills area Tasty Extras Quality extras In this fabulous Acton split level No short cute here Is used to create a masterpiece in perfection to the person who loves the bestl Check out all the extras Hughes at 5296 or 877 Only you will know how you got so much for so HOW GLENDA HUGHES HUGHES

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