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the HERALD Business Wednesday 1931 Federal business bank works with entrepreneurs Ilie Federal Business Develop ment Bank is helping small business owners gam a com advantage through Strategic Planning Strategic Plans help entrepreneurs evaluate their competitive and determine the resources needed to achieve full growth potential In this process an Strategic Planner works with the business owner and his or her senior management team to iden tify the strengths and weaknesses of the operation as well as the op portunities and threats it faces Once these have been establish ed the information is used to develop an implementation plan This assigns specific respon and deadlines that will assist the business in creating and exploiting a competitive ad vantage in the marketplace Developing the strategic plan is a three phase process The Diagnostic Phase examines the opportunities and risks facing the business the position and of the business in lis in customers competitors and markets for its products and the personal and business lives of its owneroperators Strategy phase develops a clear simple and flexible strategic plan which will define the direction of the business based on op turn ties threats strengths weaknesses and values short in termediate and possible long term objectives and guidelines for developing a lasting com petitive foothold in the marketplace TJie Action Plan phase is designed to turn the am of the business owneroperators into concrete achievements by determining what is to be done who is respon Crude oil reserves increase from the Ottawa Bureau of Thomson News Ser ice OTTAWA It may only amount to a drop in the barrel but the Canadian Petroleum Association reports Ontario s crude oil reserves increased in In its annual review of natural gas and oil reserves the tion of petroleum producers reported an overall decline of 6 per cent in reserves in pro regions of the The art estimated at 1 billion barrels OnJ per of the production of million barrels is replaced ne reserv But Ontario the resen of million barrels were inci eased 13 million barrels After m lhon barrels were pumped from producing wells sottered through southwestern Ontario the association estimates remaining reserves still increased by barrels in to almost million barrels In terms of total production and remaining resources Ontario was ranked fifth on a list of seven provinces Alberta led production b pumping almost million barrels and ended the with more than billion barrels in reserve The total production for ill provinces was estimated at million Is The association also that Ontario s natural gas fields most of them in Lake trie million cubic metres in 1900 Another million cubit metres were added to the reserves but the production tut the ton b G2C mill on to 16 billion cubic metres the end of the year Ontario was ranked fourth on the natural gas list which was also headed by Alberta That pro vince drew 89 7 million cubic metres from the ground last year but still held reserves of almost 1 billion cubic metres Gas companies in six reported pumping 106 6 billion cubic metres last and estimated total restres it more than two trillion cubit metres The calculated so frontier reserves ir the and offshore from the East Coast separate Production in those areas totalled 11 million barrels and million cubic metres Reserves at the end of the vear were estimated at 1 34 billion barrels and 716 billion cubit metres v V- Open for business Knob HIM Farms largest food terminal In Ontario opened Wednesday today on Hespeller Road in Cambridge and employees such as Cheryl Adair David Coren Milton Moffat Tim Berenz and Lester Barnes were hard at work stocking some of the thousands of tons of merchandise and food that was trucked Info the terminal in preparation for the grand opening Cambridge Reporter photo and when are the deadlines During the current recession it is even more important that a small business have a sound strategic plan in place Firms with highly developed business plans not only have higher viva rates but will be better able to gain competitive advantage in the marketplace says Ray Strategic Planning Manager Businesses interested in learn more about Strategic ing and how it can benefit their business are asked to call Ray Frizell at 5666417 The Federal Business Develop ment Bank is a Crown Corpora that promotes the creation Rubbermaid GREEN CONE OQ99 29 GEORGETOWN LOCATION ONLY 238 ST GEORGETOWN and development of businesses in Canada It pays particular atten lion to small and medium sized businesses The Bank provides term loans and guarantees ven capital and a broad range of management training counsel mg and planning services clients employed workers over the past year and created an average of to 10 new jobs each year over the past five years Half of these new jobs were created in metropolitan areas of the country For All Your Fine China Silvui Crystal Giftware MAIN ST MILTON NEW IN TOWN Let Us Put The Mat Out For You ACTON I GEORGETOWN Judy Debbie 8591 NEW ADDITION ipto ime o tv Welcome Wagon hostess She will bring congratulations and gifts lor the family and the NEW BABY Nells DRIVING SCHOOL NEXT COURSE DAY CRASH COURSE AUGUST til 30 3 For Information About Courses or Private Lessons phone 8772671 ELECTRONIC SERVICE GAMES COMPUTERS- ETC GUARANTEE FREE ESTIMATES ALL ON BY TECHNICIANS FOR THE BEST SERVICE AT THE BEST PR GEORGETOWN CUSTOM CAR SOUND 111 ON AVf UNIT GET THE VIP TREATMENT VERY IMPORTANT PERSON Thats the way youre treated when you shop with your hometown merchants You rely on their honesty and you know they stand be hind the goods and ser vices they sell Support your local com munity and keep the dollars you spend In Hills Shop at home and you II be a VERY INTELLIGENT PERSON too