at
Pian

roe

- “We can’t wait,’’ says
_ Okanagan Skeena. Group
Teal. estate manager Bob
“Guy. Their $5 million;
-shopping center project.
will. go ahead, and Ottawa
St. will remain as it is.

~ .. According to: Guy, the pro-

- ject has been on hold waiting for
"provincial apprdval of the .re-
_cently. passed Ottawa St. partial -

‘closure. bylaw, ‘‘But that could
take, months, so we're going

ahead?

- Guy says it would have been
nice to build the original project

and eliniinaté Ottawa. and its
pedestrian crossing altogether. .
‘Although Okanagan Skeena

Shopping center.
in race against

Lhe

interest rates st.
with the partial closure, Guy |:
‘says interest rates ate already |.
too high and if they take another’ |:
jump-‘‘we’d really have to take a |
look: before we procedd”’.." 2...

has to start next month if it is to

area: | a
- According to Guy, plans will
be finalized by the end of this

-. He'says the project won't be ‘|.
‘ “drastically changed’? ‘by. |. -

dropping the Ottawa closure < |--
idea, however, and construction | |.’

be ready before next Christmas. |
He says they are still seeking one |
-more major tenant for the pro- |
ject and they hope to find some-_
thing that will be unique to the .

a
+

e Review ~ Wednesday, April26, 1989 15

month and construction will be-
gin as soon as possible. - ©

_ Management for —
| recovery — part |

oo * The Cariadian economy is beginning to
_ *' -. grow agaitt and as it does, it will present
“ new opportunities for small business.
But small business owners and managers
‘can’t just wait for those opportunities to
- arrive at their doors. They must actively
seek them out and exploit them to max-
imum advantage. =
Management for survival during the _
recession emphasized the prudent-conser-
vation of small business resources. The
careful budgeting, tight inventory con-

1’s not new, It’s just that you can seo it now. “Big Bertha”, an old logging spar, has taken
_-on a bright new yellow-look rather than the passive blue it once had following a.sand-
- blasting and paint Job by Terrace Public Works employees. Located across from the
Chamber of Commerce InfoCentre; Big Bertha, one of only four such spars ever made in
-North America, was brought to Terrace in 1952 by Twin River Timber and demonstrated Its
bad side right off the bat — it sank three feet In the mud when off-loaded from a railway-flat

_' gar. Once It was in the bush, however, a tree was inserted In the iron tube and it was ready
- to go. But It didn’t go for long: it only. hauled half a tree out of the bush before It was per-
manently parked. It seems It was hard to keep the cables taut and difficult to move in the
"bush. No wonder they only made four. Today's steel spar trees work much better than this

by Phil Hartt, .
| Manager, Terrace "trols and other survival measures’are as
a _ Federal Business jiecessary as ever. But now, with the
a: . Development Bank economic prospect brightening, small

_ business people can begin to develop and implement their own
| strategies for growth. mo
| Most entrepreneurs have at least a general idea of where they — - .

--. should look ‘for new growth, There may be new lines of merchan-
-_dise which the retailer may now feel can be offered without un-
necessary risk. Or there may be new products whose start-up
- costs the small manufacturer believes can now be adequately ~
- covered. SO _ _
Growth might be geared to an innovative sales promotion or to
.- a plant relocation or to the purchase of more efficient equipment.
There are numerous possibilities, each requiring its own strategy
~ for implementation. The problem for many small business people
. ‘ig to know all the conditions which must be met if their growth
strategies are to be successful. .
“The starting point is a detailed plan. The retailer, for example,
- should start by determining the size of market for the new lines
of merchandise. Size of market will enable realistic sales projec-
tions to be made which, in turn, will enable the retailer to deter-
- mine how much of the new lines should be ordered, how quickly
“ they.can be turned over. .
~- A market survey, however, is more than simply counting
| heads. The retailer needs to know what the competition is, what
: the margins will be, what inventory costs must be met, how much
“advertising should be budgeted, and so on. It’s often difficult to
know where to start or whether every aspect of a growth strategy
- has been adequately covered. a
- "Jn such circumstances, the retailer (or any other small and
“medium-sized business manager in a similar position) should seek
~ outside advice — from bankers and accountants, other profes-
‘sionals, trade and business organizations, suppliers and —
~ customers. Or application can be made to the Federal Business
-. Development Bank for CASE counselling. This is a key element
in the broad range of management services which the Bank offers
 t@ small and medium businesses. It was devised to help identify
‘e opportunities and to overcome such problems as many. small and
(medium businesses now face as they prepare to meet the
| challenges of new business growth. © °° oe
: ° Few entrepreneurs are skilled in every aspect.of management. .
- ‘They may be strong in marketing, but weak in budgeting and —
+ ¢ash flow management. Or they may be strong in.research and .
production but weak in marketing. The CASE program is a —

* Fesource upon which entrepreneurs can draw, as required, for
-\ dounselling in areas of management in which their own skills are
o> limited. oo Oo

‘More about the CASE program in our next column,

early prototype.

=) NOTICE OF ELECTION |
PUBLIC NOTICE is given to the electors of School District No. 88 (Terface) that I re-

quire the presence of said electors in the places herein designated, on Monday, May 8,
1989 between the hours of ten.a.m. and twelve noon, to elect:

Trustee (one) — for one and one half years (1989/90 calendar years) to represent the
- Terrace area and environs; ;

at the SCHOOL BOARD OFFICE, 3211 Kenney Street, Terrace, B.C. for the electors of
_the Terrace and Terrace rural voting area.

The mode of nomination of candidates shall be as follows:

Candidates shall be nominated In writing by two. duly qualified electors of the Assess-
ment District. The nomination paper shall be delivered to the returning officer, in person
or by registered mail, at any time between the date of this notice and noon of the day of

| nomination. The. nomination. paper shall-state the name, residence and occupation of
the person nominated In such a manner as to sufficiently identify such candidate. The
riomination paper shall be-signed by the candidate.

In the event of a poll being necessary, advance polls and regular polls will be held at the
following places, dates and times: a
_— Advance Poll, Friday, May 19, 1989,
School Board Office, 9:00 a.m. to 8:00 p.m. ne
: = Advance Poll, Friday, May 26, 1989,
~ Mills Memorial Hospital, 4:00 p.m. to 6:00 p.m. ne
-— Regular Poll, Saturday, May-27,- 1989, Terrace, Rosswood, =
Usk, Thornhill, Lakelse Lake, Cadarvale, 8:00 a.m. to 8:00 p.m.

“= @IVEN UNDER MY HAND at Terrace B.C.
"this 17th day of April, 1989

(Mrs.) Elaine Johnson

a Returning Officer

-. School District No. 88 (Terrace) 7
wee 3211 Kenney Street,

Terrace, B.C. V8G 3E9