Our Programs

New entrepreneur

Why consider entrepreneurship?

To be a successful entrepreneur requires business planning, innovation and risk-taking. In short, it is a lot of work! But there are many benefits too. Let's look at some advantages of being your own boss.

You Can Put Your Own Ideas to Work

Being your own boss can allow you the freedom and independence to use your own ideas. Working for someone else can suppress your creativity and drive. As an entrepreneur, your time and energy can be spent creatively by putting these ideas to work for you and the future success of your business.

You Can Decide on What Type of Business You Want

Your business should complement your experience, interest and knowledge. Before you put too much work into your business, make sure that the area you choose is the right one for you. You may first want to consider what hobbies and interests you have, as well as your experience and background.

You Make the Decisions for Your Business

Starting your own business can be risky; however, desire and persistence along with innovative thinking are in your favour. Believing in yourself and basing your decisions on prior knowledge and experience can lead to the success of your business. However, knowing the limits of your own abilities and not being afraid to ask for help from experts or knowledgeable staff are necessary for making business decisions.

You also get to establish the policies for the business and set the tone for its culture. You can build a business that meshes well with your own personal values. This can be a significant benefit compared to working for someone else where you may have to follow policies that you do not agree with or where you may feel like your personal ethics are compromised.

You Can Choose the Location for Your Business

If you are tired of a long commute or if your family is considering relocating, this may be a good time for you to start your own business. You can choose a location for your business that suits your needs, whether that means working from home, working close to home, or taking the opportunity to travel a lot and see different locations. You can choose between having a trendy downtown location or a place outside a city to avoid traffic. While you have a lot of flexibility in choosing a location, you have to consider your potential clients' needs too, as you can lose customers by choosing the wrong location.

You Have the Potential to Earn More

As an entrepreneur, you have the luxury of working your own hours and stretching your earning potential. Usually, this success comes with hard work and long hours. If your business is successful, you will probably make more money than you would when working as an employee. However, the downside is that there is no guaranteed pay cheque and your hard work can cut into time for personal and family obligations.

You Can Be Involved in the Total Operation of Your Business

Running your own business can provide you with a tremendous source of satisfaction and pride. You will be able to see your business grow from the ground up.
However, you will also be responsible for the initial capital that will be required for your business and the costs involved with the day-to-day operation of the business. You may also have to do some administrative tasks that you may not be trained to do, such as purchasing and accounting. It never hurts to get professional help with the running of your business as, sometimes, the administrative tasks take more time than the actual day-to-day operation of your business. They also take you away from the tasks where you can provide the most value.

You Can Turn the Business Into a Family Asset

A lot of people go into business in order to have a place for their children to work at part-time jobs and to finance their education. This can take a burden off the parents in terms of financing their children's education and also give the children valuable life skills.

Depending on your children's career aspirations, you may also be able to pass the business down to them when you are ready to retire. Family businesses can also provide employment for other members of an extended family that are unemployed or underemployed.

Still not sure?

Take the Entrepreneurial Self-Assessment to see if entrepreneurship is right for you.

Get guidance and a grant for your small business.

If you’re starting, expanding or buying a small business, apply for training, mentoring and a grant through Starter Company Plus.

Starter Company Plus Program

What will you get?

  • one-on-one guidance from a Small Business Enterprise Centre advisor
  • participate in business workshops, seminars or networking events
  • topics range from writing a business plan to budgeting to marketing campaigns
  • talk to a mentor with experience in starting, expanding or buying a small business
  • you can also apply for a grant of up to $5,000.

These supports are available if you want to start a new company, expand an existing company or buy a business in Ontario.

Eligibility

  • 18 years of age or older at the time of application;
  • Proposing a new company, expansion of an existing company or buying a business in Ontario;
  • Not attending school full time nor returning to school;
  • Resident of Ontario and Canadian citizen or permanent resident;
  • Not enrolled in other provincial employment or self-employment related programs that include or not financial assistance;
  • Not currently enrolled in any other self-employment or entrepreneurship training/financing programs offered by government-funded organizations.

This program is in collaboration with the Ministry of Economic Development, Job Creation and Trade.

Recipients of the Starter Company Plus program 2021

Nine grants awarded for a total value of $45,000 in Prescott and Russell

L'Orignal, April 11, 2022 – The Prescott and Russell Entrepreneurship Centre (PREC) would like to congratulate the work of nine entrepreneurs from the region for obtaining grants totalling $45,000 under the Starter Company Plus program for their local business.

As part of the Starter Company Plus program, offered in collaboration with the Ministry of Economic Development, Job Creation and Trade, these entrepreneurs attended workshops on topics directly related to small business. In addition to participating in training workshops, participants developed their business plans and delivered a pitch in front of a panel of judges like the "Dragons’ Den," in order to be selected to receive a $5,000 grant each. Further to the insightful comments and feedback received from the jury, this financial assistance in the form of a non-refundable grant, will help with equipment purchases, inventory purchases, marketing expenses and expansion costs.

 

"Through these workshops and the exchanges between them, it allowed the existing entrepreneurs in the program to take a step back, analyze their business and review their action plan to progress and grow both personally and professionally. The new businesses took the time to plan and organize their ideas in order to start the right way," says Liza Langevin, the PREC’s Project Officer.

 

The nine recipient businesses were chosen by a selection committee consisting of Steve Loiselle (Flowater Martial Arts), Danika Bourgeois-Desnoyers (La Cité des affaires), Miguel Araujo (La Cité des affaires) and Mariam Lkhoyaali (Société Économique de l'Ontario).

 

The Prescott and Russell Entrepreneurship Centre is proud to present the nine recipients of the Starter Company Plus program grant,

 

Mathieu Couture - Wag that tail – Clarence Creek

Alain Pilon – FlexBox - Rockland

Maxime Trembley - Max Creek Homes – St-Bernardin

Nizar Khayati - Académie canadienne de Handball – Rockland

Peggy McDonald - Good Food Garden – Vankleek Hill

Andrea Glenn - Gibbs Honey – Vankleek Hill

Deanna Twerd - Return to Nature Retreat - Wendover

Rosemary Kingsley – GROAdesign – Vankleek Hill

Stoch Surch - Red Leaf Carpentry and Joinery - Hammond

 

The Starter Company Plus program provides financial support for the launch of a new business, the expansion of an existing business and the purchase of a business. The Prescott and Russell Entrepreneurship Centre is a non-profit organization whose mission is to help small business owners in Prescott and Russell succeed in their start-up or expansion project.

Summer Company for Student

Through a program called Summer Company, you can get

  • start-up money to kick-off a new summer business
  • advice and mentorship from local business leaders to help get the business up and running

Learning how to run your own student business is one of the best summer jobs you can have. You get to be your own boss while learning what it takes to manage a business. Sales, marketing, bookkeeping, customer relationship management and networking are just a few of the highly useful skills you’ll develop.

Who is eligible?

You could be eligible, if you:

  • go to high school, college or university
  • live in Ontario
  • are a Canadian citizen or permanent resident
  • are between 15-29 years old (if under 18: a parent or guardian must sign the agreement for the applicant)
  • are not already running a business
  • are not working at another job or going to school for more than 12 hours a week during the program
  • are returning to school after the program ends
  • you cannot apply again, if you have received a Summer Company grant in the past

Visit the Ministry of Economic Development and Growth website for more information.

Support for Immigrants and Newcomers

The Prescott and Russell Entrepreneurship Centre offers support to French immigrants and newcomers. Integrating into a new community is not easy, and we want to provide you with the information and tools you need to settle into the business world and start your small business.

The objective of this activity is:

  • Awareness and an environment in which newcomers will feel welcomed;
  • Links between newcomers and the Francophone community;
  • A response adapted to the needs of French-speaking newcomers;
  • The integration (geographically and linguistically) of immigrants into Francophone communities and their desire to stay there.

Free services are available

  • Entrepreneurship training workshops
  • Mentoring
  • Coaching

Participants will be trained and matched with a mentor or coaching service for the creation of their business.