The Biz Buzz
My husband and I recently had a conversation of a political nature evolving into economics — economies of scale, macro and microeconomics came up. After mentioning the existence of the words and that they might be somewhat related, the discussion ended. Eeesh! — A little embarrassing. Writing Biz Buzz has inspired me to learn about those concepts I find mind-boggling and thankfully, there is an Economics for Dummies.
According to their “cheat sheet,” the three most important words in economics are economics, microeconomics and macroeconomics.
“Microeconomics studies the maximizing behaviour of individual people and individual firms. Economists assume that people work toward maximizing their utility or happiness, while firms act to maximize profits,” says the popular resource. “Macroeconomics studies national economies, concentrating on economic growth and how to prevent and ameliorate recessions.”
Only one question remains. If this is Economics for Dummies, why use the word ameliorate in their explanation?
In exciting news of the microeconomic sort, Black Press has officially promoted Nelson Star operations manager Karen Bennett to the position of publisher. The promotion rewards Bennett for her success over the last year while at the helm of the local paper. We here at the Star congratulate the boss on her new title.
Veronica (Roni) O’Connor has opened a new childcare centre called The School House in the old Gordon Sargent school at 1623 Falls Street. After a major renovation, the new space is open and looking great.
“It has exceeded my expectations. We took an old space that really needed a facelift and the crew that worked on it really did a fantastic job,” she says.
There’s a demand for childcare in Nelson and The School House will have space for infants, toddlers and three to five-year-olds, as well as offering out-of-school care. O’Connor has worked in the early childhood field for over 20 years and favours the Reggio approach to learning.
“It looks at children as being very capable and complete in who they are at every age and stage they’re at,” she says.
For more information check O’Connor’s school out at theschoolhouseeclc.com or stop by for a visit.
“We’re open to people’s inquiries and having people come by for a visit,” says. O’Connor.
There are some businesses on the move in Nelson. Strutter’s Styles moved from their 601 Front Street location beside Ellison’s Market where they had been located for 13 years. Featuring the same stylish clothes for women, mostly second-hand, the new 901 Front Street space is bright and fresh.
Round the back of the shop is plenty of room to park with no meters, yeah!
Ali Popoff is moving Power By You to a new locale near Napa on Front Street. Taking two warehouse units and making them one with some serious demolition, there is now a huge space to take CrossFit and weight training to the next level. Still under reno, the 2,200 square-foot space will have lifting platforms, 17 different pull-up stations as well as showers and bathroom facilities. Popoff says once in the new space, they will be offering monthly lifting workshops with Cody Abbey who is currently training hard for competition in February.
Andrea Wilkey will be taking over for recently retired Paul Wiest as GM of Community Futures. With a background in communications and marketing, she most recently worked with Columbia Basin Trust.
“I’m thrilled to be joining Community Futures Central Kootenay,” she says. “It’s an organization with an inspiring mission and provides the opportunity to create a positive impact in my community.”
Wilkey is looking forward to connecting with new and existing entrepreneurs and community economic development partners throughout the region and working with Community Futures staff and the Board to ensure their continued success.
There’s a free business course supported by the B.C. Ministry of Aboriginal Relations and Reconciliation and Service Canada being offered in Nelson. Its goal is giving Aboriginal people the skills needed to create their own jobs and build capacity in local communities.
The program, presented to over 1,500 people in 85 communities, has generated many successful businesses including restaurants, heavy equipment operators, cycle shops, fishing charters, tutors, catering, native art, furniture manufacturer, lawn care, first-aid trainers, computer recycling, tour-guiding, gift-shop, website developer and home maintenance businesses. Wow!
Nelson resident Bruce Lacroix is the provincial coordinator of BEST and created the training program and will be facilitating the Nelson course. He says anyone identifying as Aboriginal is welcome and all skill levels will benefit.
“The BEST program is suitable for entrepreneurs at all levels, from those who don’t have an idea yet to those working on their ideas, even those who are already in business,” he said.
Expect a wide variety of guest speakers to round out the training. Graduates then have the unique opportunity to apply to a loan program set up just for best participants and take part in a Dragon’s Den-type business competition in Vancouver in March, all expenses paid.
The free program will be offered in mid-February in partnership with Community Futures. Anyone interested in finding out more is invited to a free information session on January 30 at Community Futures (514 Vernon Street). And you can go online to aboriginalbest.com to learn more and see what others have to say about the program or to register in advance.
It turns out scams are big business too. The Better Business Bureau warns of this that is on of the top 10 scams: The “pretender scheme” is when scammers send an invoice or bill requesting payment for goods or services. These invoices try and scare by stating payment is past due and threaten that non-payment will affect your credit rating. This distracts from the fact that the invoices are fake and are for goods or services you haven’t ordered or received. For example, you might be sent an invoice for a domain name that is very similar to your current domain name or for a small amount of stationery. The scammer hopes that you don’t notice the difference and just pay the invoice.
Make sure the employee paying your invoices checks that a purchase order has been raised before they pay any invoice. Report any bogus invoice schemes to the Canadian Anti-Fraud Centre: antifraudcentre.ca.
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