Government programs help student entrepreneurs
Jul 16, 2010 - 04:30 AM
Jennifer Stone
DURHAM -- When Matthew Rizzuto says he received 'seed money' from the
government to start his summer business, he means it literally.
The 15-year-old Utica resident is one of several Durham young people taking
part in the Province's Summer Company program. The program gives people ages 15
to 29, who are still enrolled in school and plan to return in the fall, grants
to start summer businesses.
The businesses Durham youth have started up this year take a variety of
forms, from teaching swimming lessons in the young entrepreneurs' backyard
pools, to helping market agricultural businesses. In Matthew's case, he's
started his own agricultural business by using almost an acre of his family's
property and turning it into a garden, producing vegetables to be sold at
farmers' markets and via direct sales.
The program provides $1,500 in start-up money, then at the end of the summer,
an additional $1,500 to those who meet certain criteria, said Wenda Abel of the
Business Advisory Centre of Durham.
"The kinds of businesses they're operating are ones that can be launched
quickly and have good potential to generate revenue and profit," she said.
It's the 10th year the program has been offered.
While students are only eligible for the grants for one summer, "a great
number of (participants) operate their business every summer throughout their
school career," Ms. Abel said.
For Matthew, the start-up money was exactly what he needed to get going. With
the initial $1,500, he bought a variety of items, including a pump to allow him
to bring water from a nearby river, assorted implements and of course,
seeds.
For Whitby's Jamie Bell, 17, and Bowmanville's Justin Graffi, 18, it meant
buying pool safety equipment and other items to begin their separate though
similar businesses. The two use their family's backyard pools to teach swimming
lessons. Both are trained lifeguards and swimming instructors, and both offer
private or semi-private lessons.
"It's gone really well," said Mr. Graffi, who will attend McGill University
in the fall.
A great deal of the grant was spent on marketing items -- signs and flyers
and the like -- with a third of it going toward pool safety equipment, said the
Bowmanville resident.
Both he and Jamie, who just finished Grade 12 at Sinclair Secondary and plans
to pursue studies in funeral services, say they did their research and found
they could offer their services at comparable or lower prices to what municipal
pools were charging.
Showing their businesses' viability and competitiveness is part of the
program: before being accepted into Summer Company, the prospective
entrepreneurs have to complete a business plan and undergo an interview process,
Ms. Abel said.
The program "really has a huge value in terms of helping young people develop
entrepreneurial skills, business acumen and leadership skills," she said.
For Enniskillen's Bruce Sargent, it provides even more than that. The program
is affording him the opportunity to mix his heritage with his future. Raised on
the family dairy farm, the 19 year old said he knew he didn't want to go into
farming as a career. High school courses and extra-curricular activities led him
to the world of multi-media, which he's now studying. He's spending this summer
helping agricultural and other businesses market themselves, by providing
graphic design, video production, web development and production services.
Mr. Sargent is going into his second year at the University of Guelph.
Despite his farming roots, he plans a future in multi-media and the grant he got
from summer company is allowing him to combine the two. Agricultural operations
require websites and other marketing tools and having someone with a farm
background help design them, "as opposed to calling someone in from the city and
having to explain the whole (farm) operation to them," is a benefit to the
client, he said.
It's been a good experience, and will help with his future career, Mr.
Sargent said.
Summer Company has been "a huge benefit," he said.
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