AMHERST - Students at NSCC Cumberland campus and NSCC and small business owners alike listened intently to a business success panel at the Wandlyn Inn in Amherst on Tuesday as they gave pointers as to what may help them when entering into a business venture.
"NSCC School of Business is one of many sponsors for this province wide celebration of Small Business Week," Don McCormack, principal of NSCC Cumberland campus, said.
"Today the panel of business representatives is addressing the students on issues such as economy, business opportunities and growth," McCormack said.
One member of the panel, Randy Smith, told the students the three key things needed to enter into business are, a lawyer, and accountant and a banker.
The students gained many tips from the panel and small business owners in attendance such as customer service being crucial to a small business, along with shop-at-home marketing and honesty with customers.
Students also gained information on funding that could be available to opening a small business and that during the first few years of opening and maintaining a small business, it is rare that the business will see profit or break even.
Advice that was consistent throughout was to do your homework and see what the market demands.
The students were advised to keep in mind that the local Chamber of Commerce has an internship program available for the hiring of a graduating business student that would allow him or her the opportunity to learn what business is all about and that there will be an opening for an intern next year.
Andrew Moore, academic chair for NSCC School of Business, said there were more than 60 students at the seminar looking to gain information that would aid them in their future endeavors.
"Student numbers have risen and we've had to expand this past summer," Moore said.
Second-year marketing student and NSCC student association president Kevin Tibbo said this is the second year he attended the event.
"I came hoping to meet new business representatives, do a little networking and find out what opportunities are out there. There are no marketing firms in the community, which is a great opportunity to help smaller communities in areas such as business development, economic development and to find ways to help smaller communities grow," Tibbo said.
Organizers of the event and NSCC accounting students Julie Neufeld and Bethany Grimes said the goal is to bring in small businesses to help improve business and help businesses within the community grow.
"I'd like to see us (Amherst area) compete with other businesses helping this area to grow," Neufeld said.
"Events like this are a good way to have students interact with businesses, do networking and help the community as a whole grow."