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Office Space On Whyte Avenue

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Permits and Licenses:

Our first step in establishing our business is to acquire the various licenses and permits to operate in the City of Edmonton. Our business fits under a commercial school category, and thus we must pay a $220 fee, combined with an Edmonton Fire Rescue inspection. Since we are operating in a low-medium fire-risk environment the fee is $60. One can apply for the business license and the inspection online by submitting to the City of Edmonton Current Planning Department.

Insurance:

We have contacted a State Farm representative and have been granted vehicle insurance and a liability insurance policy

Bank: Our business has confirmed a creation of a bank account with Canadian Western Bank in Old Strathcona. We will …show more content…

One Windows computer is also required for administrative purposes such as drafting invoices and schedules at the headquarters. However, all four owners possess a Mac laptop and thus do not require a separate computer in the workplace. In addition, our company requires 7 chairs, 3 long desks, one large bench, and two tablets - one for in-house and one for on-site appointments. Furthermore, we require an opening sign, an alarm system, a safe, a coffee machine, a mini-fridge, and filing cabinets.

Management:

The four owners of the firm will specialize in each of the following management areas: marketing, finance, community relations, and human resources. Our qualifications as business students save us the costs of outsourcing management roles and keeping them internally. Furthermore, all four owners at the inception of the business will deputize as technicians. Marketing will be managed by Molly and will be responsible for making decisions about target segments, branding, pricing, promoting and instilling positive internal marketing.

The management of finances will be undertaken by Qingling. She will prepare and review for instance employee paycheques, annual financial statements, cash flow and implement internal control measures. For example, to ensure that reasonable assurance exists for the internal control of cash, all

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