BY MARIE
LITALIEN
For young people with a business idea, the challenge of getting
their venture up-and-running can seem overwhelming. Some are
unaware of the many programs available to help these young
entrepreneurs.
With some hard work, and the use of some of the resources
available, these business ideas can come to life.
A year ago, 20-year-old Zach Medeiros' dream of offering
property drainage system installations was just that; a dream.
Two months ago, Medeiros' idea become a reality and his
business, Custom Turf Outfitters, came to life.
Medeiros received a $15,000 loan from the Canadian Youth
Business Foundation (CYBF). The CYFB not only helps young
entrepreneurs financially, but provides them with mentoring and
business resources, such as online business plans, marketing
tips and advice. He plans to use the loan from CYFB as running
capital.
"A lot of our resources are available online," said Tanya
Bédard, CYBF Manager for northern Ontario.
Through the CYBF, Medeiros has access to a mentor and an
accountant for two years, whom he can call on with questions or
concerns about his new business.
The CYBF provides youths aged 18 to 34 with help in their
business endeavours when traditional funding sources would most
likely deny financing. The organization's mandate is to keep
entrepreneurship alive in order to create economic prosperity
in communities.
Medeiros' idea was innovative, said Bédard. Medeiros has the
drive, which is what the organization looks for in loan
candidates, Bédard said. "He blew us away as far as character,"
she continued.
Custom Turf Outfitters offers drainage and bunker drainage
systems to residential properties, as well as to golf courses.
It is a mobile landscaping company that offers residential and
commercial gardening and landscaping services, including the
installation of sprinkler and irrigation systems.
Medeiros has a history in the turf business. His father is the
super-intendant at the Idylwilde Golf and Country Club.
"I worked on a golf course my whole life," Medeiros said. "A
lot of the practises I just learned (while) growing up."
While working for a contractor in British Columbia, Medeiros
realized the demand for the type of services his new business
provides.
Medeiros attended the University of Guelph in the turf
management program and, although he said he learned a lot
during his studies, the potential for drainage business was
appealing to him after his work out west.
In five years, Medeiros, a Lo-Ellen Park Secondary School
graduate, said he hopes to be providing his drainage services
to golf courses full-time and country-wide. "My equipment fits
into a truck and trailer so I'm very mobile," he said. "It is
in very high demand and there aren't many companies in Canada
that do it."
Medeiros currently employs one full-time and two part-time
workers and is the sole owner of the business.
Opening a business takes commitment and a strong work ethic,
said Medeiros.
He advises other young people in the city who want to build a
business, to visit the Regional Business Centre, located on
Cedar Street downtown. The organization directed him to loans
and funding available to him as a young entrepreneur, including
the CYBF.
The Regional Business Centre offers services for marketing and
business plans, information on legal issues, seminars and much
more.
Visit
www.regionalbusiness.ca
and click on Our Programs for links to available youth
entrepreneurship programs.