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.
  • Not have already received a grant under the Starter Company Plus program.

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

The next cohort will take place around summer/fall 2024. If you have any questions, please contact Liza Langevin at 613-675-4661 or by email [email protected].

Recipients of the Starter Company Plus program 2023-24

$40,000 in Grants for Local Business Owners

The Prescott and Russell Entrepreneurship Centre is proud to present the eight recipients of grants from the 2023-2024 Starter Company Plus program, namely:

Karine Lalonde - Hair & Extensions by K (Fournier);
Natacha Bonjean - Sweet Billy’s (St-Isidore);
Stephanie Pete - Art & Dream Studio (Vankleek Hill);
Paul Latreille & Sylvie Rochon - Chin Chin Coffee Roasters (Russell);
Eric & Ines Batterton - My Nordic Garden (Hawkesbury);
Elisabeth Arbaud – CàB Café (Chute-à-Blondeau);
Bailey Playfair – Playfair Cleaning Services (Rockland);
Evelina Bosse – So Special Bakery (Plantagenet).

For further information, please consult the press release.

Summer Company for Student

Through a program called Summer Company, you can get

  • start-up money of up to $3,000 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

Apply now! The deadline to apply is May, 17, 2024. Spots are limited and fill up fast. Call Liza Langevin at 613-675-4661 or by email at [email protected] for more information. Start a summer company: students

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

Successful Stories - Summer Company 2023 recipients

Asha Thaleshvar - ABL FIT
Asha Thaleshvar is a 17-year-old from Plantagenet studying at École secondaire catholique L'Escale. Asha has been working hard on her small business, which she has named ABL FIT. She offers an educational service to improve e mental and physical health in young people aged 8 to 12, as well as personalized training for all. Asha’s strengths lie in her perseverance in launching her business. She has done the research and put in the effort to ensure her business is well planned, and to create her website. The mentoring sessions also enabled her to work on the pricing of her services. Her experience has been rewarding, and she has acquired the wealth of knowledge that will serve her well as she continues on her business path.

Jordan Vick - PREPPOINT
Jordan Vick is an 18-year-old student from Russell. Jordan is passionate about math and science, and will study engineering at university. Following his interests, he decided to help young students studying his favourite subjects. Jordan offers tutoring services for high school students in math and science. Jordan is committed to the success of other students in his community. Through his small business named PREPPOINT, he supports young people by helping them with their homework and exam preparation. He developed a summary document, lessons, and an exam preparation document for four courses. Jordan stood out because of his professionalism, his personality, and his dedication to his summer project. His summer was a success, and he is in the process of hiring an employee to help him next year.

Vashuki Murugesapillai - Vasu's Decor
Vashuki Murugesapillai is a 21-year-old from Hawkesbury. She is currently studying at university, where she is pursuing her passion for arts. Being a creative young woman, she has started doing graphic design. At the beginning of the summer, she launched a small business named Vasu’s Decor where she creates unique signs for special events, such as weddings, according to the customer’s tastes. She also incorporates her Asian roots into her designs. She targets a multicultural clientele and promotes her services by posting videos on TikTok. Despite the unexpected, Vashuki has persevered and never given up. She has acquired important knowledge that will help her throughout her business journey. Her artistic talent will continue to set her apart in future projects.

Anabel Lamarche - Sabelli Makeup and Cosmetics
Anabel Lamarche is a 17-year-old student from L’Orignal, studying at École secondaire publique Le Sommet. Anabel has always loved fashion and expressing herself through makeup. Consequently, she began offering her talents as a makeup artist. Her talent for creating makeup for everyday or special events made her stand out from her peers. With a flair for business, Anabel started her own business named Sabelli Makeup and Cosmetics. Over the summer, she did makeup for young women at their graduation. Anabel has big ambitions for the future. She would like to expand her business and create her own beauty products. She has very selective criteria to offer quality products. This summer was rewarding for Anabel as she received advice from business mentors. She had the opportunity to address her concerns. She continues her search to create a team and achieve her long-term vision.