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26 - The Oakville Beaver, Wednesday July 5, 2006 www.oakvillebeaver.com Business Oakville Beaver An Oakville high school student won the $1,000 top prize in the Halton Region Business Development Centre's 2006 Halton Region RBC Business Plan Competition. Top prize went to Nikhil Farias of Holy Trinity Catholic Secondary School. Farias won for his plan for Blue Channel, a retail clothing store specializing in high-quality denim products and superior customer service. "These future entrepreneurs have gained valuable hands-on business experience and have also seen how their ideas can become viable business opportunities in the future," said Halton Regional Chair Joyce Savoline. Second prize of $800 was awarded to Jaime Donoahue of Nelson High School in Burlington for Nikhil Farias BUSINESS EDITOR: ROD JERRED · Phone 905-845-3824 (ext. 5559) Fax 905-337-5567 email editor@oakvillebeaver.com · WEDNESDAY, JULY 5, 2006 Business plans reap early rewards for young entrepreneurs Fourth prize of $400 was awarded to Connor O'Brien of Nelson High School in Burlington for the Burlington Golf Academy, which will provide golf instruction to people of all ages and abilities. Two students tied for fifth place and each received $100 ­ Mackenzie Ross of Abbey Park High School in Oakville for Steps, a health and fitness centre for teens; and, April Mitchell of Acton High School in Halton Hills for Young Gogh Co., an art program for youth to explore and expand their artistic abilities. "I'm impressed by the high levels of creativity and sophistication of each and every business plan submitted this year," said Paul Homer, Business Consultant with the Ontario Ministry of Economic Development and Trade and member of the judging panel. "I'm also grateful for Halton Region's dedication to this annual competition. Without the support of Ontario's Small Business Enterprise Centres, the Business Plan Competition would not be possible," said Homer. "Congratulations to all winners in the 2006 Halton Region RBC Business Plan Competition," said Kimberley Mason, Regional Vice President, RBC Royal Bank, Halton. "This is invaluable experience and an opportunity to exercise creativity in a learning environment that drives the entrepreneurial spirit. We are proud to be a sponsor of such an event and extremely impressed with the participation and calibre of the business plans produced," said Mason. The 2006 Business Plan Competition provided students with the opportunity to showcase their entrepreneurial talents and enhance their business skills. The Halton Region Business Development Centre invited all Halton high schools to submit their best plans, which were then judged by members of the business community. The judges evaluated the plans based on the quality of research, ability to demonstrate how the research results were used to shape the plan and complexity. The Halton Region Business Development Centre delivers the Business Plan Competition in partnership with its sponsors the Ministry of Economic Development and Trade and RBC Royal Bank. For more information, contact the Halton Region Business Development Centre at 905-8256000, toll free 1-866-4HALTON, TTY 905-827-9833 or go to www.halton.ca. J'adore Salon and Spa, a high-end hair salon and beauty supply store. Third prize of $600 went to Timothy Kolenda of King's Christian Collegiate in Oakville for University Student Car Cleaners, offering convenient car cleaning services to members of a local golf and tennis club. SPOTLIGHT The Incorporators - Committed to incorporating companies the right way the first time id you know that if you own your own business you could lose your house and all your worldly possessions? One of the ways of protecting yourself and your family from such an occurance would be to incorporate your business. After twenty-three years of incorporating businesses, The Business Advisory / The Tax Advisory Inc. decided to establish a separate division called The Incorporators to ensure that businesses would be incorporated in a professional manner at a reasonable cost and contain a capital stock structures that would provide maximum flexibility in the personal and corporate income tax planning of the shareholders of the corporation. The Incorporators is committed to incorporating companies the right way the first time while providing the best of the legal, business and income tax planning processes. The Business Advisory/The Tax Advisory Inc. was established on June 30, 1983 to serve small and home-based businesses who, up to that time, had very few affordable options when it came to obtaining advice on how to grow their businesses or finding solutions to their business problems. The Business Advisory/The Tax Advisory Inc., as the name implies, has two distinct divisions; The Business Advisory to advise clients on business issues and The Tax Advisory to provide effective corporate and personal income tax planning expertise which ensures that only those taxes payable under the law are paid. At the present time, Ed has in excess of two hundred and thirty corporate clients and over five hundred-fifty personal income tax clients to which he gives his personal attention. Oakville's D Ed positions his Company's fees at an hourly rate equal to one third of that in the marketplace in order to make them more affordable to his clients. In addition, in order to keep himself involved in his client's businesses, all his clients know that if they have a question, they can pick up the phone or send an email and get a timely response and not a bill. In this way, his clients are not reluctant to call when they have a problem and it provides Ed with another opportunity to stay close to his clients. Prior to establishing The Business Advisory and The Tax Advisory Inc., Ed had 21 years proven corporate experience at both the domestic and international levels in the private and public sectors. He held the positions of Vice President and Chief Financial Officer, Assistant General Manager, Director of Manufacturing, Director of Operations and Director of New Business Development. These positions provided him with the experience necessary to serve his clients with a high level of competence. In each of these positions, Ed was always responsible for the overall income tax planning of his employers, generating hundreds of thousand of dollars in income tax savings in the process. The foregoing, combined with his knowledge of personal income tax legislation, provided Ed with the experience, knowledge and background to bring a high level of income tax planning and preparation expertise to his clients. Ed is a member of the Oakville Chamber of Commerce and recently sat on its Home-Based, Small Business, Strategic Marketing, Marketing and Small Business Week committees. Ed is also a member of the Burlington Chamber Of Commerce and sits on its Public Relations and Communications Committee. AINFO AT A GLANCE... TELEPHONE: WEBSITE: 905.469.8777 www.theincorporators.ca ADVISORY Providing Ideas For Sales Growth And Solutions To Business Problems To Small And Home Based Business Since 1983. THE BUSINESS INCORPORATORS Incorporating Businesses Since 1983. Combining The Best Of The Legal, Business And Income Tax Planning Processes. COMMITTED TO INCORPORATING YOUR COMPANY THE RIGHT WAY THE FIRST TIME www.theincorporators.ca THE ADVISORY Providing Personal And Corporate Income Tax Planning And Tax Preparation ServicesTo Companies And Individuals Since 1962. COMMITTED TO REDUCING THE INCOME TAXES THAT YOU P Y A www.thetaxadvisory .ca THE TAX For More Information Please Call Us At (905) 469-8777 Or Visit Us At One Of Our Websites COMMITTED TO MAKING YOUR BUSINESS A SUCCESS www.thebusinessadvisory.ca