Acton Free Press (Acton, ON), November 7, 1984, p. 30

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LEATHER SUEDE Mnrin in Canadian Made in sizes 3646 the olde Hide House Built in with half a million bricks and massive wood beams our acre store houses a current collection of over 10000 garments Natural products are featured Men s and Ladies Leather Suede Sheepskin Fur and Woollen fashions and accessories Over 95 of our merchand is made in Canada You save 1530 Our low overhead and mous volume over 350 shoppers annually allow us to offer you genuine savings Genuine Leather Briefcases OPEN 1010 DAYS A WEEK Eaatarn Ave ACTON 51 Halton Hills End fuzzies Before washing sweaters button them up and turn them inside out to prevent the says Clothing and Textile Special Margaret of the Ontario Ministry of Agricul hire and Food Twothirds of young people get first job with small firm By Tony Carbon Ive got good newB and bad news For a small army of comics that standard opener has meant money in Wyman a strong background in business computers and Bailor his advice Is helping small businesses solve the they see and take advantage of the oppor unities they see Wyman was assigned Bay when it was deckled the m business Hisexpertlsewasjust wZtSS what was needed the accounts and records of Us diversified transportation activities confirmed that com puterization was the answer He studied different systems and programmes and based on his advice equipment was pur chased Accounts receivable the general ledger and accounts payable were the first to be com puterized eliminating the need for manual records Payroll records soon followed But it stop there because with help departmental account records were computerized The subse quent analysis of monthly state ments from the six departments has already produced positive changes what was needed The point had been reached MlMuuauga hardprossed to cope efficiently dans let tfsux olliclailea BACKING INDEPENDENT BUSINESS the pocket over the years But behind the laughter has been the realization that for every silver lining there is a cloud and vice versa Its all a matter of perspective Take for instance statistics released recently by the Canadian Federation of Independent Business on the rate at which firms with less than in annual sales have been forming or dissolving over the last years From one perspective the figures paint a sad picture of business deaths 57000 one year 84 the next the next Each time a business closes especially in a small community it leaves a gap Any small business successful or not re presents a great deal of hard work on someones part and to see that come to an end Is indeed an unhappy occasion But from another angle there is good news Those same statistics show a vibrant sector of the economy working to survive the recession and steadily reasserting Its vitality Using data collected form its member firms and applied to federal government statistics the found that even in the dark days of when small businesses closed 10 per cent of a total of such firms new opera tions opened That alone points to the tremendous flexibility in the sector Last year companies went under per cent of the existing firms but births were up 10 per cent to And In the first six months of this year the trend continued with business deaths occurring at a rate of only 7 per cent or firms These numbers tell us a number of things not the least of which Is that of- t quoted bankruptcy figures do not occur ately reflect what a happening In the sector It is also apparent that the death rate Is declining while more and more people are starting their own operations Simon CHARTERED ACCOUNTANT Street Georgetown Ontario L7Q2E2 ROYAL CITY

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