Planning & Advising

Go forward faster, with our professional advice.

If you are starting, buying or growing a business, we can help at every stage of the business cycle.

Our business advisors work with you, one-on-one, to help you gain a profound understanding of business development and management.

Our advisory services are available to all members in the province through W.E.’s office locations in Saskatoon and Regina; using technology we are available to all members throughout the province. It’s one of the best benefits of membership. Join us to take advantage of our professional services.

Frequently Asked Questions

Do I need a business plan?

A sound business plan is one of the most important steps an entrepreneur can take to improve their chance of business success. It is your chance to test your idea on paper to see if it is a viable opportunity.

A business plan:
  • helps you to become a better decision maker;
  • helps you anticipate problems so you can develop possible solutions before a crisis actually occurs;
  • provides a timetable for accomplishing your stated objectives;
  • expands business options;
  • helps determine contingency plans;
  • helps you explain why certain objectives have or haven't been achieved;
  • can be used as a selling tool to attract resources and support; and
  • plots a long term course and keeps you focused on the big picture

Can someone write my business plan?

Writing a business plan will take time, discipline and a lot of research. W.E. will not write your plan for you and although you can hire someone to write your plan for you, it is vital you participate in the entire process - after all, this is your business. Knowledge is power and the more you know about your business, the greater your chance of success.

Should I incorporate?

The three most common business structures are: sole proprietorship, partnership and corporation. Corporations are closely regulated separate legal entities. The advantages of incorporation include limited liability, possible tax advantages, ease of raising capital, and transferable ownership. These advantages are off set by higher start-up costs, possible charter restrictions, yearly reporting and extensive record keeping requirements. It is highly recommended you obtain legal and professional advice before you decide if incorporation is right for you.

Do I need a GST/PST number?

If your gross revenues over a 12 month period do not exceed $30,000, GST registration is optional. However, the decision to register for GST should not be based solely on revenues. Your customers may require you have a GST number to do business. Your local Revenue Canada office can help you determine if you should apply for a GST number.

If you sell tangible goods, or operate as a contractor selling your services, you may be required to obtain a PST number. Contact the Saskatchewan Ministry of Finance at 1-800-667-6102 for more information.

Do you have any business ideas I could use?

Identifying a good business opportunity is an ongoing process and requires considerable thought and research. Business opportunities can be identified through a number of sources including your workplace, magazines and newspapers, tradeshows and the internet. A sound understanding of consumer trends and lifestyles may also lead to innovative business ideas.

Begin your Journey with Women Entrepreneurs

To learn more about how WE can help you, contact our offices today.

Saskatoon | Regina

Contact Us
 

Events

 

Training

The very first step I took in starting my business was joining Women Entrepreneurs and completing the Business Plan seminar. Through a myriad of meetings, phone calls and emails, my Business Advisor has been my champion. She has built me back up in times of trouble and has been there to celebrate my success. As I venture down my 11th year in business the support from Women Entrepreneurs will continue to guide my growth for the next decade.

- Nicola Lawson, PickNic's Catering

Be Successful

From start-up to success, we are with you. All the way.

Become a Member

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Business Loans

We lend you more than an ear.

Financial support for entrepreneurs is not always easy to find. W.E. wants to assist you financially, as well as with advisory support.

W.E. provides financing for projects when traditional financing is hard to access, and offers assistance in creating credit relationships with other financial institutions.

W.E. offers loans up to $150,000 to new and existing qualified businesses which are owned and operated by women. To be eligible, the business must be operating or about to operate in Saskatchewan; you must be able to contribute 20 percent in equity toward the project; and be a full member with W.E. for the term of the loan.

Male partners and stakeholders will also be eligible, when women own more than 50 percent of the business.

To apply for a loan through W.E., members must provide a completed loan application, personal financial statement and business plan.

More financial assistance

W.E. administers the John and Bernice Williams and North Prairie Developments Equity Investment Fund, set up specifically to empower entrepreneurs.

Potential applicants will be identified at the business advisory stage. All applicants must provide a completed loan application, a personal financial statement, and business plan.

For more information on this program, please contact a W.E. office.

For information on our loan redress and appeal process contact women entrepreneurs.

Frequently Asked Questions

Loan Redress and Appeal Process

If an applicant is declined for a loan and has asked for an appeal, the applicant must provide, in writing to the CEO, sound business reasons specifying why their application should be reconsidered, and also include any new information not previously received for consideration.  This appeal must be received by the WES office within 15 business days of the date of the sent decline letter.

The original loan application, assessment, and appeal letter are provided to the CEO.  The review will include additional input from the client and/or staff involved as deemed necessary by the CEO.  If the CEO determines there are sufficient grounds for the appeal, the CEO will forward the materials to a Loans Review Committee comprised of two individuals who have independence from the loans process.  A final decision on the appeal will be rendered within two weeks of the Committee receiving the material for the appeal file.

If the appeal is approved, the CEO will contact the applicant to explain the decision.

If the appeal is declined, the CEO will contact the applicant to explain the decision and the applicant is provided with a letter confirming the rationale.

The appeal decision is binding.  Please note: WES does not have a dispute resolution process external to the local process.

Do you have any grants?Are there any grants available to women starting a business?

Women Entrepreneurs of Saskatchewan does not provide grants. While there has been a great reduction in the number of grants available to general business start-up over the past 10 years, there are limited monies available. Most of these programs are federally funded and are targeted strictly to specific industries, geographical areas, or particular groups of entrepreneurs (minority groups, etc.).

How long does it take to get a loan from W.E.?

The length of time it takes to get a loan from W.E. depends on whether you have completed your business plan. The more prepared you are, the less time the process will take. The first step is to meet with a business advisor who can assist you in completing your business plan. Once your plan is finalized, a loan application is completed and a review and recommendation takes place.

On average, once all required documentation is received, the review and approval process can take approximately two weeks.

Do I have to put my own money into the business and how much?

Monies required to get your business started can come from a number of different sources. You may be able to get financing through a bank loan, government loan or grant, personal investors, or even from friends and family. Ultimately, the more you have personally invested in the business, the more you are committed to make that business work, and the more likely other investors or lenders are to support your business venture.  A general rule of thumb is 20% of your total project cost.

 

Training

After completing a large amount of research, a business plan and a five year financial forecast, I set out to secure financing. Even though I had great credit, I was unable to secure funds through conventional institutions. I went to W.E. with an ambitious dream. My experience with W.E. was beyond amazing. I was challenged and inspired to answer the hard questions about my business, given to-do lists and received hours of help with perfecting my start-up costs and sales forecasts. For a female business owner, this type of support has been invaluable and after only a few months I have secured all the financing necessary to make my business a reality.

- Joscelyn Armstrong, Honey Bun Cafe

Be Successful

From start-up to success, we are with you. All the way.

Become a Member

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Mentoring

Mentorship programs expose new entrepreneurs to successful business owners who will guide and support them during the establishment of their business venture. Mentorship relationships provide several positive benefits for both mentors and proteges. Women Entrepreneurs of Saskatchewan provides a variety of mentorship programs.

Our Mentoring programs are key in helping business owners move their business to the next level by sharing best business practices.

Mentoring Circle
No longer relying on the experience of one, this style of mentorship builds on the extensive strengths of a tight-knit group of business and professional women.

Raj Manek Business Mentorship Program
is in the process of recruiting entrepreneurs and business owners throughout Saskatchewan to apply to become a Protege. Your business may be newly established, experiencing rapid growth, or facing challenges and this program will give you the opportunity to seek guidance from a seasoned business owner or senior executive. For more information visit www.manekmentorship.sk.ca.

For more information on our mentoring programs, please contact Women Entrepreneurs of Saskatchewan.

 

Training

Women Entrepreneurs was an integral part of starting my business back in 2007. They are my continual support system that provides me with guidance and help with my business when I need it. I want to thank them for all of their help over the years, not only financially but for believing in me.

- Trina Fader, Trinos Menswear Inc.

Be Successful

From start-up to success, we are with you. All the way.

Become a Member

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Networking

Successful entrepreneurs and professionals understand the importance of business networking. Networking allows you to not only promote your products and services to others, it also allows you to educate people about the unique aspects of your business and enlist them in finding new prospects and leads.

Shaken with a Twist
2nd Thursday of every month 5-7 pm Village Guitar & Amp Co.

W.E. Meets
The 3rd Friday of every month from 10:00 - 11:30 am.
Enjoy a cup of coffee and take advantage of
networking opportunities with other
entrepreneurs and business professionals at
our office. Free for all to attend, please call
or email to register.

 

Events

Be Successful

From start-up to success, we are with you. All the way.

Become a Member

Related Articles

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    Read More
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PeerSpark

Do you want to increase your annual revenue by over 30%? Do you want to create jobs for other hard-working Saskatchewan women?

W.E. is introducing a new program called PeerSpark™ for women entrepreneurs who want to grow their businesses. If this sounds like you, contact us today!

Developed and implemented by AWE (Alberta Women Entrepreneurs), PeerSpark™ in Saskatchewan will be launching in the fall of 2016!

If you would like to learn more about the program, please contact us or visit the PeerSpark™ website directly.

 

 

 

 

Events

 

Training

Get the Guidance, Support and Mentorship you need

Contact Us

Saskatoon Office
108 - 502 Cope Way
Saskatoon, SK S7T 0G3
Toll-Free:1-844-900-WESK (9375)
Phone:306-477-7173
Fax:306-477-7175

Regina Office
100 - 1919 Rose Street
Regina, SK S4P 3P1 Toll-Free:1-844-901-WESK (9375)
Phone:306-359-9732
Fax:306-359-9739

Toll-free phone: 1-844-900-WESK (9375)
Business Hours: Monday - Friday 8:30 am - 5:00 pm
Email: info@wesk.ca
Web site: http://www.womenentrepreneurs.sk.ca

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