Winnipeg Free Press Newspaper Archives May 20 1990, Page 16

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Winnipeg Free Press (Newspaper) - May 20, 1990, Winnipeg, Manitoba Winnipeg free May newly flee mess some students create their own summer jobs Federal Loans help launch entrepreneurial careers by Boh Dati Gembarski in late after final univer sity students begin their second season a time when they have to find jobs to earn Money for their return to classes in the Many search for employment through various summer work others find jobs on their often in menial an intrepid few establish their own these Are the stories of How three University students began their own enter Prises with assistance from the Federal business development Bank and have not Only managed to make Money for themselves there thinking further in the future As non everything is coming up roses for Irene is Fine by even though she Sells the University of Manitoba student her exotic orchids because of her Mother olives passion for the Plant Mestizo says that she also became captivated by simply by being around when she goes i would be the one to look after Mestizo having them in the i Learned How and when to water them How artificial lighting affects them How to look for bugs and How to get rid of crash course in red tape she sensed a possible Opportunity in the with that in she investigated the Market for orchids and Orchid and found it relatively that gave her the idea to sell imported orchids in the Mestizo then read an article on the of bibs Young entrepreneur and presented a business plan to they approved a loan for to get her business off the not Long Mestizo received a crash str Ewurs business spirit Al making things happen Dave free press Steven and Jonathan Lerner Are cleaning up in course in a subject no University can teach How to Cut through red tape while obtaining permits to sell her at the government want sure what licences would be because it was such a different kind of Mestizo you first need an import licence to bring them and that took two weeks because i had to Send away to Ottawa for then i had to get a business licence those were All just technicalities i had to get Over before i could actually order any while she waited for the paperwork to Mestizo put together a brochure to show to prospective then she went around her fort Garry and to Orchid fanciers she trying to drum up business in anticipation of her licence i went and i showed people my and i let them know that i was trying to Start up my own i compared my prices with current prices from other and it just caught on through word of she bought her plants wholesale from an american and resold them at using her Home As a base for exotic Mestizo says she had no difficulty finding people interested in buying her because she targeted two specific groups those who had an established fascination with the and those in whom she tried to sow the seeds of there were people who looked at my orchids and that and i would build on that and i can get you if you the first one of my goals was just to get people into that first she made profit on Only two but those orders totalled about and Mestizo easily paid Back her loan to the More time on business based on that she foresees a healthy future for exotic this she is determined to spend More time on the because of Mestizo expects to take More orders for Orchid which she says Are hard to get in the 18yearold plans to become an ophthalmologist when she so its no coincidence in terms of the business Irene Mestizo has already displayed non washing the car is a fairly straightforward right some a Garden Hose and a Little Elbow and youre but if you dont have the time to do a thorough Steven Kohn and Jonathan Lerner can they run Silver Cloud automobile and they offer a Range of car cleaning services that would make Felix Unger of the Odd couple glow with while Lerner works on the Back bumper Irene Mestizo with a philae Noesis Hausermann Freeall of a Gold Taurus station Wagon with an edging Kohn is wiping and hosing Down the engine they even use Cotton swabs to get at the hard Oreach places inside and outside each Kohn and friends since decided to Start the business As Kohn its the kind of service that Winnipeg there Are a number of places that do but not Many that do a full detailing All the bigger cities in Canada have this kind of detailing and its been in the states for so Winnipeg be deprived of distributing leaflets they also received a loan from the of bib last year to get their project they invested the entirely into their equipment and supplies including a Power an Industrial vac and their solvents and other cleaning simply by distributing leaflets around their neighbourhood in and using whats been called the Best advertising method word of Mouth Kohn and Lemer cleaned 120 cars last this there hoping to increase that num Ber to Over to help them achieve that Treyve applied to the career Start to hire three students the two say the idea has worked out better than they Ever expected and the experience has been educational for weve definitely Learned How to budget our says weve also Learned How to Start a and How Busi Ness Kohn adds combined with the courses in taking in University right has really prepared me for the business both Are aiming for careers in business and but there also considering build ing Silver Cloud into a franchised Busi their plans for this year include making where they will come to a clients Home or apartment and Wash cars where they Are they also give free because the Cost of their services Range depending on what needs to be but Kohn says its not necessarily a luxury Busi its Nice to have a clean but not everyone has the time to do that what makes our service a Necessia free incentive trips for brokers probed Toronto up the Ontario securities commission is consider ing three different approaches to what Vic chairman Charles Salter jokingly Calls educational seminars for two in Acapulco or the Issue is free incentive trips offered by Mutual fund companies to stockbrokers who sell Large amounts of a particular the Osc is looking at positions ranging from Banning the trips out right to continuing with the status Salter told a meeting of the Centre for ethics and corporate the rationale for Banning the trips is that they Are potentially Damag ing to investor the ratio Nale for keeping them is that Mutual fund prospectuses do mention sales incentives and perhaps securities administrators ought not to disturb the free play of the forces of compe Salter he said the Middle ground would be requiring funds to beef up disclosure about the perhaps by requiring a separate document in Plain English flagging any such sales Salter said he has no problems with modest rewards offered by Banks to their staff for surpassing sales targets on the Banks own they Are usually on the order of an extra Fishhead in the bowl of Rice every second he to the Salter is with the marketing through Independent distributors or brokers who May be Selling Many competing they Are eligible for much bigger premiums the free the Osc has a working group looking at the Salter residential mortgage rates As of May life insurance premiums life insurance premiums annual premiums for 10year renewable term face value age 35 nonsmoker to malt smoker female male age 40 nonsmoker female male smoker be make Malo age 45 nonsmoker female male smoker be in ale age 50 nonsmoker Mab smoker female Ilo age 55 nonsmoker female Maia smoker female male croup inc annual premiums for 10year renewable term face value age 35 nonsmoker female Mala smoker female male age 40 nonsmoker female male smoker female male age 45 nonsmoker female male smoker female male age 50 nonsmoker female male smoker female male age 55 nonsmoker female male smoker female male source Rico financial group inc Able mortgage finders Assiniboine credit Astra savings credit Bank of Bank of Nova Bison mortgage Caisse Populaire cambrian credit Canada Trust carpathia credit Central guaranty Cibic mortgage confederation Trust cooperative Trust counsel Crosstown credit Alchris mortgage firs line Hansa credit holy spirit credit Hylyne credit Inland investors Laurentian Bank of London life insurance Mary Allison Mage services Montreal Trust mortgage National Bank of National North West North credit Union peace Hills Trust Presnor Trust of Progress Vera credit Union Royal Bank of Royal Sigmar mortgage Sun life the Mutual Toronto Dominion total mortgage source mpg real estate Board Winnipeg free press insurance switch review sought Winn Reo free press Montreal up Michel who controls Montreal based grocery giant Steinberg wants employees and management to reconsider switching a group insurance plan to a major Toronto based gaucher has asked a committee administering a Trust fund for its employee benefits program to re View its decision to give the plan to Sun life Assurance of gaucher request came after a Montreal newspaper reported this week that Sun life had won the

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