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Page IS THEHERA1D Wednesday January SO 1911 Business- New immigrants boost the national economy The Canadian government has decided to increase the annual flow of immigrants to 250 by 1992 50000 more than in 1990 And that decision has made some Canadians uneasy Many people fear new rivals will take existing jobs or tax the social system by collec ting welfare and unemployment insurance benefits says Carol Director Special Pro jects at the Federal Business Development Bank But that just is not true Research gathered by the indicates that Canada s thriving population is responsible for half of all small businesses in Canada and represents billion to the na tion economy Most new arrivals become pro ductive members of Canadian society who boost the economy Many create jobs not only for themselves but for other Cans dians They may need help initially however Starting a business is not easy for anyone says Ten nessy For people who are less familiar with Canada s official languages culture and business practices the challenges are even greater As a Crown corporation that helps Canadians launch and manage small and medium sized businesses the recognizes the great potential of ethnocultural entrepreneurs The Bank has also learned about some of the difficulties from business people such as Mike Tang of Toronto In 1979 Tang launched Tangs Trading Company which distributes dried and packaged goods from the Orient to grocery stores across Canada The million business employs four people Tang was bom in China grew up in Taiwan and studied in the United States before arriving in Canada in 1973 He says Canada offers immigrants abundant op portunity to succeed as en trepreneurs but they must understand the fundamental dif ference between Canada and most other countries There just as many people here In Hong Kong Japan or Taiwan you can open a business on any comer and it will be busy because of the tremendous foot traffic Here location is very lm portant Yet people start a business without research and then don understand why their store busy Tang works as a part time counsellor with the Bank CASE Counselling Assistance to Small Enterprises program so that he can share his entrepreneurial ex perience with people just starting out He is also a member of the s enthocultural advisory committee in Toronto The FBDB has set up eight regional advisory committees across Canada as part of its pro gram for ethnocultural en trepreneurs The multicultural business peo ple who have volunteered their time to these committees are helping the FBDB to identify the unique challenges faced by new Canadians as entrepreneurs The FBDB has used the information from these committees to devise workshops seminars informa tion kits and other services that are tailored specifically to the needs of enthnocultural en trepreneurs One of the outcomes of the pro gram is the FBDB newest en trepreneurail guide Starting a Business in Canada A Guide for New Canadians covers the basics that any new entrepreneur needs to know including business and financial planning It also con tains information that new Cana dians may not know such as the necessity of complying with Canada labour and taxation laws The guide many references help new Canadians to contact Business of the Year Chosen as the 1990 Business of the Year by the Halton Hills Chamber of Commerce was Armstrong Insurance of Georgetown owned by Paul Armstrong centre He credits a lot of the business s success to his staff which Includes middle row left to right Wendy Shelley Wheeler Janel Arm strong Cindy Kallmeyer and back row left to right Joan Shelley Joan Anderson and Armstrong Rogers Herald photo ELECTRONIC SERVICE SATURDAY COMPUTUS ETC MY FREE PERFORMED ON BY F ED FOR THE BEST AT THE BEST PR CE CALL GEORGETOWN CUSTOM CAR SOUND Q OH HALS ST NEW IN TOWN Let Us Put The Mat Out For You ACTON Judy 8532977 GEORGETOWN Debbie 8778591 NEW ADDITION lt vV i Welcome Wagon hostess She will bring congratulations and gifts for the family and the government agencies and business associa that may be able to help them with their new venture For more information about the FBDB pro gram or for a free copy of the guide call 2126 AGF ASSET ALLOCATION Get Off The Investment rollercoaster Volatility Variability Ups and Downs Call it what you will investing often seems to be a A that costs you money and reduces your returns Many financial advisors agree that the best way to mize long term return is by shifting your asset mix among cash stocks and bonds The problem is timing How much should be in each asset When should the mix change AGF s Asset Allocation Service provides objective answers The Service is based upon a computer model developed by a major U S brokerage firm for determin ing asset allocation Find out how it works and get off the investment rollercoaster Give us a call or return the coupon below I MONEY ml CONCEPTS I PLANNING CENTRE AH Money ConcaptaG Cop a Corp 348 GUELPH STREET GEORGETOWN PETER D CHAPERLIN B A C M A PrMldenl read a to be uuSirfby n in to tudico Mutual far reference Communications inc tCllUlOT Panasonic KXF90 Combined answering machine integrated telephone and facsimile machine Single telephone line operation Automatic telephonefacsimile switching LCD display Automatic paper cutter Transmission speed approx 17 seconds per page Sendsreceives 8 x pages at G3 16level halftones Resolution normalfinesuperfine Polling function Document feeder pages max Monitor speaker for onhook dialing 10station onetouch dialer 50station speed dialer 899 265 GUELPH ST GEORGETOWN 87333T0