Celebrating 25 Years of Empowerment - Championing women entrepreneurs through seasons of global change - Women ...
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WESK ANNUAL REPORT 2020-2021 Celebrating 25 Years of Empowerment Championing women entrepreneurs through seasons of global change
TABLE OF CONTENTS 28,271 entrepreneurs 03 04 05 have attended WESK workshops since 1995 MESSAGE FROM MESSAGE FROM ABOUT US THE BOARD CHAIR THE CEO 07 08 09 12 RESPONSE TO HIGHLIGHTS PROGRAMS WOMEN IN COVID-19 FROM THE YEAR BUSINESS 14 16 17 18 EVENTS SMALL BUSINESS MEMBERSHIP ADVISING CONFERENCE 19 20 21 22 FINANCING TRAINING SPONSORS WESK TEAM
A message from FROM THE BOARD CHAIR the Chair Board Like organizations and businesses around growth, the implementation of the stra- the world, WESK was forced to address the tegic plan has included the update to challenges and opportunities presented WESK’s membership model. by the COVID-19 pandemic in this past • The celebration of WESK’s 25th anniver- fiscal year. And, like those organizations sary, including the virtual conference in and businesses - but especially like the September 2020. While it wasn’t the amazing female entrepreneurs we have in-person celebration that the WESK right here in Saskatchewan - WESK piv- team had planned, WESK marked it oted swiftly to meet those challenges, by doing what it does best – providing to support its community, and to seek opportunities and support for women opportunities to move forward and further entrepreneurs to learn, connect, and its mandate to close the gender entrepre- move forward. neurship gap. It has been an absolute honour to serve as Women are amazing (which we already Board Chair again this year, working with knew), but the examples that we’ve an incredible group of Directors who are seen in this last year, of women-owned as passionate about the work of WESK as businesses pivoting and finding a path the WESK team. I want to especially thank forward, despite everything, is nothing Marcia Mirasty and Aimee Schulhauser short of amazing. We’ve created such a who concluded their Board terms this year strong community in our province and the for their contributions, and to welcome momentum to support women-owned new Directors Rhonda Spencer and Claire business as they start, grow, and scale Belanger-Parker who have jumped right in. continues to build. DANIELLE GRAFF BOARD CHAIR On behalf of the Board, I also really want WESK continues to play a lead role in to thank the WESK team again for their supporting women entrepreneurs and commitment to WESK over this past year transforming the Saskatchewan business – I am constantly impressed by everything ecosystem. A few highlights from the that this team has accomplished and am 2020-2021 fiscal year include: excited by all of the go-forward initia- “I have every confidence that • The implementation of a new strategic tives they have planned. Stay tuned folks, plan which will guide WESK’s efforts because this WESK team has so much WESK will continue to be a over the next few years. Among numer- more in store and I have every confidence change-maker and will lead the ous other efforts both internally and with respect to WESK’s programs and that WESK will continue to be a change- maker and will lead the path forward to path forward to close the gap.” services to support both recovery and close the gap.
FROM THE CEO A message from the CEO 25 YEARS ADVANCING GENDER EQUALITY AND EQUITY This year, we lived through unprec- the Saskatchewan Advisory Commit- edented times, and I am incredibly tee’s final report. This includes a brand proud of the grit and resilience dis- identity to uniquely identify women played by the WESK team. Driven by entrepreneurs, a campaign to increase our goal to enrich the lives of women awareness of the contribution of entrepreneurs throughout our prov- women entrepreneurs, the Saskatch- ince, we have demonstrated our ability ewan Women Entrepreneurship Char- to adapt and adopt a ‘new normal’ in ter, and the Digital Entrepreneurship response to the global pandemic. Hub. Read on for more details, as this report covers many of the other initia- We are honoured to have celebrated tives embarked on during the course of WESK’s 25th anniversary. Over the the year. course of 25 years, WESK has provided over $40 million in financing to wom- We want to remind you that WESK is en-owned businesses and over 7,000 here to support you and your business women have accessed our business as we navigate through this difficult PRABHA MITCHELL advising services. The correlation time. Our new membership packages CHIEF EXECUTIVE OFFICER between supporting women in scaling provide support to all women entrepre- their businesses and economic growth neurs, no matter where you may be in is irrefutable, as women entrepreneurs your entrepreneurial journey. contributed $23.1 billion to the GDP This year has been marked with much in 2019 and created approximately reflection and transformation. With “We have demonstrated 192,000 jobs. the strength and resilience learned our ability to adapt and Despite the challenges and con- straints imposed by the pandemic, over this past year, we encourage you to strive for excellence as we continue adopt a ‘new normal’.” the WESK team resolutely advanced to move forward in the re-opening of four recommendations outlined in our province.
ABOUT US WHAT IS THE GENDER ENTREPRENEUR GAP? There is a significant gender entrepreneurship gap in Canada. By understanding and address- Supporting women entrepreneurs ing the unique barriers that women entrepre- neurs face, we can enhance opportunities to scale businesses and boost economic growth in Saskatchewan for 25 years in our province. How much more robust our province and country could be if we created an environ- ment that empowered women entrepreneurs? WHY GOALS It’s more than a social and moral imperative Saskatchewan depends on entrepreneurs, but WESK offers our members endless possibilities to — it’s an economic issue. a gender entrepreneur gap holds women back. unite with empowered entrepreneurs of every age, Without specifically-designed support structures, stage, and culture. We strive to connect women in social inequalities limit our economic potential as business with a community that is rooting for them. a province. WESK exists to close the gender entre- preneurship gap in Saskatchewan. $148 billion $23.1 billion ROLE WAYS has been contributed to was contributed by Canada’s GDP by women women entrepreneurs As a non-profit, membership-based organization By charting a path to equal opportunity, WESK entrepreneurs to the SK economy of over 1,200 members, WESK provides programs helps remove the barriers faced by women and services for entrepreneurs who are starting, entrepreneurs. WESK is here to provide the tools growing, scaling, or purchasing a business. We help women need to succeed, because when women build confidence about a future in business. succeed, we all succeed. $150–$420 180 years billion would need to pass in additional economic to close the gender MISSION activity would result gap at current Empowering women entrepreneurs in Saskatchewan to start, grow, and scale businesses to drive from closing the gender levels of women entrepreneur gap entrepreneurship economic growth. VISION To close the gender entrepreneurship gap in Saskatchewan. $6.3-$17.64 billion VALUES could be injected into the SK GDP through WESK is driven by the values of collaboration, diversity, and boldness. gender entrepreneuship parity
METRICS Since 1995 Snapshot of key metrics 9,307 2020-2021 women have accessed our business advising program $40.4 million 1212 1,816 17 has been given to businesses through our financing program members reached business advising new loans this year, this year appointments this year totalling $1.5 million 1,829 jobs have been created through our financing program $90,607 9 5 Western Economic Diversification average loan startup loans expansion loans amount Canada provided WESK with a total of $5M, which has grown to $7.9 million allowing us to support even more entrepreneurs 3 144+ 557 businesses purchased jobs created/ maintained jobs saved through the federally-funded 55,297 Regional Relief and women have contacted the WESK Recovery Fund offices for information since 1995
COVID-19 PANDEMIC RESPONSES In March 2020, the gravity and impact of COVID- 19 compelled organizations to rapidly adjust how they conducted business. WESK shifted practices to make it easier for women to receive key supports: Championing women’s social and economic Waived our annual membership fee for April justice in a pandemic and May of 2020 After 25 years of standing with forward to seeing women-owned New payment solutions for our loan clients women entrepreneurs through businesses reopen as the province good times and bad, it is hard to achieves herd immunity. capture what this past year has meant to us all. We have been The WESK offices shifted to work- Free weekly webinars, virtual workshops, and managing the impacts of COVID ing remotely last year, and through virtual networking events for many months now. At this time our virtual presence, we continued last year, we were already working to provide support and resources hard to create high-quality virtual to our members and all Saskatch- programs and pivoting approaches ewan during this period of uncer- COVID-19 webpage with information, to deliver great services despite tainty. We’ve been far apart, but resources, and tips for small business owners the challenges of social distancing. we have also explored new ways Our hearts go out to those who to connect. This year provided an have lost loved ones and those opportunity to link up across the Provided additional financial support up to who cared for family members in distance, bringing rural and urban $60,000 for women entrepreneurs unable to need this year. We’re all looking entrepreneurs together. access government support for COVID-19
Looking back at the history of WESK Highlighting the achievements of 2020-2021 We have many accomplishments to hasn’t changed. We are still commit- celebrate from the past year at WESK, ted to empowering women in business including our 25th year Anniversary! and supporting them to overcome gen- WESK was founded in 1995 when der-based barriers. Western Economic Diversification Canada commissioned a number of This year, we focused on delivering pro- focus groups across the province. Par- grams and services in a virtual world. ticipants represented women from dif- Despite the challenges of social dis- ferent cultural backgrounds, stages of tancing, we hosted two of our signature business development, and geography. entrepreneurship programs online (The They were tasked with identifying bar- Exchange and Founders Table) as well riers faced by women entrepreneurs in as our annual Small Business Confer- Saskatchewan, as well as services and ence. We also celebrated the release of programs to assist them in achieving a final report from the WESK-led Sas- their goals. Much has changed in the katchewan Advisory Committee, and 25 years since WESK began, including we’ve already advanced several key a significant rebrand. But one thing recommendations. View our 25th anniversary video JUL. 27, 2020 SEPT. 29 – Release of Saskatchewan OCT. 2, 2020 MAR. 8, 2021 Advisory Committee’s final report of recommendations “Enabling Virtual Small Hosted an online event for Scale in Saskatchewan” Business Conference International Women’s Day 2021 MAY 17–21, 2020 SEPT. 2020 OCT. 19 2020 MAR. 31, 2021 Women The Exchange: Rebound FHQ Developments Progess made on four of Entrepreneurs Edition and Founders Table partnership the recommendations from week in SK 2.0 both launched virtually the Saskatchewan Advisory Commitee. To launch in April 2021
PROGRAMS Empowering women at every stage of the MATCHSTICK: SPARK FOR INDIGENOUS entrepreneurial WOMEN ENTREPRENEURS journey Women across Saskatchewan face barriers to making their business advising for entrepreneurs, and mentoring. Matchstick connects dreams a reality, and for Indige- women with like-minded entrepre- WESK has over 1,200 members, and we strive nous women, there are additional neurs to share a wealth of knowl- to support every woman that comes to us for barriers. WESK is passionate about edge, resources, and opportunities. assistance. Our core programs support women closing the gender-entrepreneur This year, WESK provided access to to take the next step in their entrepreneurial gap for all women, and Matchstick small business loans and resources journey, whether they are starting, growing, is a program specifically for First for Indigenous entrepreneurs. We scaling or purchasing a business. As our non- Nations, Métis, and Inuit women also developed and released a profit organization expands, we continue to who are either starting a business final report for Matchstick, and we find innovative ways to bring women together, or seriously considering bringing created three videos to describe building up their confidence and capacity, and their ideas to life. the importance of the project and guiding them along the best path forward. showcase the program and partic- The Matchstick program provides ipants. This program has created a In 2020-2021, our programs had great atten- resources for those starting a positive impact in a short time- dance despite being limited to online engage- business in Saskatchewan, and span. Matchstick will relaunch next ment tools. It’s easy to feel isolated when you’re includes workshops, business fiscal year. an entrepreneur, and we believe that women deserve to know that there are people rooting for them who understand their business goals. Over the past year, our programming provided valuable resources and networking opportuni- ties, in addition to free one-on-one appoint- ments with business advisors. We also provided “This program made me think and get financing and pandemic recovery support, helping women weather the storm of changes a clearer idea of my business goals.” brought on by the pandemic this year. – Year 1 Participant
PROGRAMS FOUNDERS TABLE 2.0: CONNECTING WOMEN IN TECH According to a 2018 WESK report Founders Table is a six-month tech- equity, angel, and venture capi- on women entrepreneurs, women nology-focused mastermind group talist funders in Saskatchewan, are highly under-represented in to help women take their technol- all the while developing deep and Canada’s tech sector, with only six ogy business and management meaningful relationships with like- percent of founders identifying as skills up a notch. Participants get a minded women. It also includes women. We know how important it chance to meet and discuss topics a tech symposium, open to all is to connect women within under- like team-building, design-thinking members of the tech community. supported by: represented industries, and this and product development, digital This year, we brought close to fifty program aims to address that gap marketing, and funding pitches. people together for a very power- by providing support, mentorship, The program is structured around ful online session! Big thanks to our and networking opportunities for monthly meetings, where partic- program facilitator, Saskatchewan women tech founders. ipants pitch some of the biggest tech entrepreneur, Katrina German. The top session this year was a virtual speed networking event in January 2021, where women in tech had the opportunity to pitch to eight investors. FOUNDERS TABLE 1.0 Founders Table 1.0 Our virtual retreat included cohorts from this year as well as from 2019-2020, continued to meet as the pandemic disrupted plans for last year’s retreat. this year even after the conclusion of the educational components to stay connected and deepen relationships We opened up a tech symposium to the broader tech community and brought with one another. close to 50 people together for a very powerful online session.
PROGRAMS “The support and ideas through the women in The Exchange program has been invaluable.” REBOUND AND CONQUER – THE EXCHANGE Another cornerstone WESK pro- 56 monthly training sessions, and gram is The Exchange. This program over 200 coaching calls were made serves as a catalyst for women between women and their Board entrepreneurs who are ready to harness their true potential and Chairs. Seven Board Chairs stepped “Thank you for the forward to participate from a vari- take their businesses to the next ety of sectors, each representing a opportunities and coaching level of growth and profitability. The Exchange provides women wealth of experience as a success- ful businesswoman combined with offered by WESK –I would with dynamic peer learning, coach- ing calls, retreats, presentations a passion for entrepreneurship. not be where I am today We held three virtual retreats for from well-seasoned experts, and networking opportunities. Each Exchange participants in Septem- in business if not for WESK part of this program is crafted to ber 2020, January 2021, and May and for The Exchange.” hone business acumen and entre- 2021. These retreats focused on preneurial strengths. five pillars of business: Operations, Those who participate engage in Finance, Human Resources, Lead- a three-year term, beginning with ership, and Sales and Marketing. creating a tailor-made Board to Our year-end survey for The nourish a sense of courage and capacity. Boards consist of 8-12 Exchange highlights the impact of this program, and participat- “I have loved being women entrepreneurs, who are carefully selected to exchange ing women spoke to the value part of The Exchange of this mentorship opportunity. knowledge and lessons learned along their business journey. This The results are clear: meaningful, program, I have met year, 68 women participated in The Exchange program, including eight supportive relationships advance women entrepreneurs and help some amazing women.” Indigenous participants. We held close the gender entrepreneur gap.
ADVOCACY RECOMMENDATIONS FROM THE REPORT 1 ENHANCING ACCESS TO CAPITAL • Create incentives for angel investors to provide access to capital and financial support to women-owned and women-led businesses 2 DEVELOPING SCALE-ENABLING POLICIES • Develop and monitor measures through a women entrepreneurship economic scorecard Advocating • Incentivize job-growth as a mechanism to encourage scale in companies with high potential for success for women in • Implement a growth innovation fund and connect recipients to mentors to increase business at the potential for success • Develop and implement mechanisms to enable childcare for women entrepreneurs provincial level in scaling phase TAKING ACTION WITH THE 3 STREAMLINING ACCESS TO DATA, PROGRAMS AND NETWORKS • Build an entrepreneurship hub for women entrepreneurs SASKATCHEWAN ADVISORY COMMITTEE ON THE GENDER • Create partnerships with educational institutions to provide relevant educational ENTREPRENEURSHIP GAP opportunities for existing and aspiring women entrepreneurs In 2019, the Government of Saskatchewan created the WESK-led Saskatchewan Advisory Committee with a mandate to advise the Gov- ernment on strategies, policies and activities to close the gender entrepreneurship gap. The 4 ENHANCING AWARENESS AND SUPPORT BY BUILDING MOMENTUM twelve members were specifically tasked with • Increase awareness of the contribution of women entrepreneurs to the Saskatchewan examining gender disparity in business growth. economy and profile the successes of individual women entrepreneurs In July of 2020, the Committee concluded • Launch a brand that uniquely identifies Saskatchewan women entrepreneurs it’s work with the launch of a final report of • Launch a charter to build a pool of champions in support of women entrepreneurs recommendations entitled “Enabling Scale in Saskatchewan”.
ADVOCACY What this means for WESK WESK has been at the frontlines their commitment to advancing relevant programs, services, and of provincial advocacy for women gender parity and equality through resources based on their stage of entrepreneurs, and the formation of economic activity. We encouraged business. We launched a new website the Saskatchewan Advisory Com- Champions to establish targets to to be better geared towards women mittee was a direct result of calls increase engagement with, and sup- entrepreneurs in all phases of busi- to action by our organization. June port of, women-owned Saskatche- ness. We developed a one-stop shop 2020 marked the conclusion of the wan businesses that are in align- resource library with webinars, blogs, Committee’s work, and a report of ment with organizational objectives. custom business plan templates, recommendations was published in We also developed a new and external resources, as well as July 2020. WESK worked on execut- 2 brand identity for wom- phase-specific landing pages with ing four of those recommendations, en-owned businesses in Saskatch- custom-curated content for each and we are proud of the advance- ewan. Women were invited to self stage of entrepreneurship. ments made over a short, challeng- declare and gain access to the Wom- WESK is currently working on ing time period. en-Owned Businesses brand iden- 4 a campaign to raise aware- One key action was the launch tity. They will also receive invitations ness about the accomplishments 1 of the Saskatchewan Women to exclusive events and appear in our and economic contributions of Sas- Women-Owned Saskatchewan Busi- Entrepreneurship Charter in April katchewan women entrepreneurs. ness Database. 2021, with four principles to pro- You may have noticed our recent vide guidance for supporting local We worked hard this year #WomenEntrepreneurshipWednes- women-owned businesses. WESK 3 to create a Digital Entrepre- day posts on social media. Stay con- invited influential organizations to neurship Hub on our WESK site to nected as we work to expand this sign on as Champions to express allow entrepreneurs to easily access campaign throughout the year. View more information about the Committee recommendations
EVENTS Virtual events from the last year MONIQUE SIMAIR MAVEN WATER AND DEBBIE ROSS SASKATOON AGRI- CHRISTIE PETERS PRIMAL; THE HOLLOWS ENVIRONMENT AUTO PARTS This year required a new approach to events, but the pandemic didn’t slow us down or keep us from gathering virtually for learn- ing and networking. In 2020-2021, WESK hosted 25 events with a total of 1754 attendees. Shaken with a TWIST JANNA DUTTON KARRI HOWLETT MACKENZIE KILSHAW DUTTON GROUP TIM KARRI HOWLETT (FIRBY) HORTONS CONSULTING TWO FIFTY TWO BOUTIQUE SHAKEN Each month, WESK brings forward a respected entrepreneur or business professional to be interviewed by moderator Shawna Nelson. Shaken is Saskatoon-based and the season this year included nine virtual events, each with an average attendance of approximately 60 people. This event series provides an opportu- nity to hear candid advice, reflections, and tips for entrepreneurs based on the wisdom of experienced entrepreneurs. We’re so grateful to all our sponsors this year, and all of the speakers who shared their stories. WESK welcomes members and non-members alike to these events, and it’s a great way to get involved with MELANIE MORRISON TINA BEAUDRY-MELLOR VERONIQUE LOEWEN WESK and see what our organization has to offer. BETTERCART FORMER MINISTER VEROLINGO RESPONSIBLE FOR THE COMMUNICATIONS STATUS OF WOMEN
EVENTS uncorked unpredictable & unfiltered UNCORKED Uncorked is a Regina-based networking event where local JANETT LEE DARCI-LANG TINA BEAUDRY-MELLOR THE STORY CO. MOTIVATIONAL SPEAKER FORMER MINISTER entrepreneurs are invited to relax, listen, and learn from local AND TRAINER RESPONSIBLE FOR THE business experts. Uncorked aims to inspire through storytelling APRIL 2020 MAY 2020 STATUS OF WOMEN and casual couch conversation as we ask some of the bold- JUNE 2020 est businesswomen and leaders of the community the most unpredictable and unfiltered questions about business, life, and community. This year, we hosted nine virtual Uncorked events. Sessions are live, and each event saw great engage- ment from the local community and our network of members. We couldn’t have done it without the generous contributions of our sponsors and speakers. Here’s to another year of events filled with laughter and inspiration. We are hopeful that in the year ahead, we’ll be able to bring people together in person for these conversations! JEANNE MARTINSON SANDRA MASTERS AIMEE SCHULHAUSER WOOD DRAGON BOOKS RICHARDSON PIONEER LTD. SERIAL ENTREPRENEUR SEPTEMBER 2020 OCTOBER 2020 NOVEMBER 2020 LEANNE BELLEGARDE THOMAS BENJOE JENNIFER DENOUDEN DANIELA MINTENKO AKAWE TECHNOLOGIES FHQ DEVELOPMENTS AVANA DANDY’S ARTISAN ICE CREAM & LUXE ARTISAN CHOCOLATES JANUARY 2021 JANUARY 2021 FEBRUARY 2021 MARCH 2021
EVENTS SMALL BUSINESS CONFERENCE Our Small Business Conference is a long-standing tradition at WESK, where typically we bring members, CELEBRATION OF entrepreneurs, business professionals, and community leaders together in person for a full-day event. ACHEIVEMENT AWARD This year, due to the pandemic, we pivoted to a virtual conference and hosted a week of workshops and panels. Extraordinary women deserve WESK hosted three panel discussions and three workshops, each of which engaged a wide range of to be celebrated. In May 2020, participants. We are grateful to all our speakers for sharing their expertise with 476 attendees. We are we recognized Katherine Reg- especially grateful to to Conexus Credit Union, our Presenting Sponsor. nier, CEO of Coconut Software, In February 2021, WESK announced the rebrand of the gala and conference to the WESK Summit and as the winner of the 3rd annual Gala. Our next annual report will include a recap of our first ever WESK Summit! Stay tuned. Celebration of Achievement award! This award pays trib- ute to an exceptional woman entrepreneur who has built Jewels of Saskatchewan Panel Champions for Change Panel a business in Saskatchewan with a significant impact on the economy and the commu- Devon Fiddler, SheNative Goods Eric Dillon, Conexus Credit Union nity. Coconut Software aims Jess Tetu, Serial Entrepreneur Murad Al-Katib, AGT Foods to modernize how banks and Krista Moe, Shellbrook Pharmacy Thomas Benjoe, FHQ Developments credit unions engage, and Kath- Rachel Mielke, Hillberg & Berk erine is a passionate advocate for women in tech. Thank you, Moderated by: Prabha Mitchell, CEO of WESK Moderated by: Pam Klein, Phoenix Group Katherine, for all of the ways you are helping women over- come barriers to business. Venture Capital Panel Website UX Workshop Eric Clark, PFM Capital Katie Osborne, Bravo Tango Jason Drummond, Broad Street Bulls Laurie Dmytryshyn, PIC Investment Group Brand Storytelling Workshop Moderated by: Christine Hrudka, Pharmacy First Nykea Behiel, Rock & Bloom A Taste of Bene Brown Workshop Presented by Kellie Garrett, Kellie Garrett Enterprises
NETWORK MEMBERSHIP OPTIONS MEMBERSHIP SPOTLIGHT THE PIONEER ($25+ GST) Building KATRINA WHYTE She is the first. our network Owner, Taste Patisserie by Katrina Moose Jaw, Saskatchewan The Pioneer package is ideal if you have an idea, or are thinking about entrepreneurship. If you want to be in WESK’s sphere of influence, Q: What motivates you to be an entrepreneur? but don’t know where to start, The MEMBERSHIP GROWTH A: I want to build and create something wonderful for my Pioneer package is perfect for you. community, and I want it to operate well so that it will be WESK was founded 25 years ago here for years to come. I was also raised in a generation with six members. Since then, our where I was told a girl could only go so far, that I could organization has grown to more than 1200 members, each of whom are only reach so high. I refuse to believe that. In fact, I think THE TRAILBLAZER women are what is missing from the business world. ($125+ GST) making an impact on the Saskatch- ewan economy. Our membership is diverse, with members located Q: What supports have meant the most along the way? She is providing it’s possible. all over our province in a variety of A: It’s so important to surround yourself with people The Trailblazer package is ideal if industries and stages of business. who believe in you and want to help you achieve your you are starting a business and Diversity is one of our core values as dreams. The support of my husband and children have want continual support from an organization, and we aim to be as been absolutely invaluable to me. I was also blessed WESK throughout your journey. inclusive as possible. The pandemic early on to be introduced to the best bunch of women We will connect you to resources presented unprecedented financial entrepreneurs ever! Nobody can do this alone. for Saskatchewan entrepreneurs, strains on women in business, and and the people you need to get we offered free memberships for established. Q: How has WESK made an impact on your journey? April and May 2020. WESK has also worked hard to revamp our member- A: They believed in me! And when I needed more capital ship options, and we launched a new to handle some unforeseen expenses during start-up, model in April 2021. they encouraged me and provided what was needed to THE help me succeed. They keep up to date with me offering assistance and support. It helps me to not feel alone. CHANGEMAKER ($375+ GST) Q: What do you have to say to other women entrepreneurs? She is making the difference. A: Be brave and dare to dream. Small businesses are the The Changemaker package is ideal backbone of any community. My business is not just a if you are already established and bakery. It’s a place where people come to celebrate and are looking to take your business 1212 to mourn - it’s become an important part of the com- munity. So dream. Plant your seed and watch it grow and to the next level. WESK will help you scale your company and make members across stretch and change. In the end, it will grow into some- meaningful connections to other the province thing beautiful! entrepreneurs and corporate execs. 1 7
ADVISING Supporting women through 9,307 55,297 entrepreneurial women have accessed our Business Advising women have contacted the WESK offices for advising Program since 1995 information since 1995 SERVICE IMPACT 1,816 1,629 business advising information requests Confidence matters in business, and WESK is here to help appointments this year were received this year women step into bold leadership as entrepreneurs. No matter what stage of the journey an entrepreneur finds herself in, our business advisors are here to lend an ear, provide guidance, and “Don’t be afraid to reach out and ask for help. point to the right resources. Members are quick to tell us about 245 There are lots of WESK the impact of having someone take the time to understand resources available!” their business goals and challenges, support them in creating – Dr. Monique Simair a business plan, or help them take the next step toward their new clients this year Founder of Saskatoon-based vision. These supports are invaluable, especially in light of the Maven Water & Environment gender-based barriers that exist for women. ALL ACCESS EXPERT ADVICE The All Access Expert Advice Program is an exclusive opportu- nity to connect with professionals in Saskatchewan. The WESK roster of experts includes those in marketing, legal, accounting, 75 appointments and human resources industries! This high-impact, low-barrier service provides tailored support for women, whether they are 3 10 26 36 starting, growing, or scaling a business. The All Access Expert Advice Program has been running for three years now, and we owe it all to our partners and specialized experts. Your gener- human resources marketing accounting legal ous support to this program helps to fill in the gaps for women running small businesses across the province.
FINANCING Kick-starting women-owned businesses JOHN AND BERNICE WILLIAMS AND NORTH PRAIRIE DEVELOPMENTS FINANCIAL SUPPORT EQUITY INVESTMENT FUND A key finding of the Saskatchewan Advisory Committee on the Gender Entre- preneurship Gap was that women are less likely to secure capital than men. Managed by WESK, this fund has disbursed a total WESK understands how hard business capital can be to access - particularly for of 13 Equity Investment Loans – totalling $87,641 – women - and our WESK Financing Fund aims to address this gap with loans of up since its inception in 2012. to $150,000 (or more through our partnerships). We are thrilled to continue the legacy of financial support for women entrepre- neurs, and this year we funded a number of new loans through the WESK Financing Fund and helped protect many Saskatchewan jobs through the Regional Relief and REGIONAL RELIEF Recovery Fund (RRRF). If your business is majority woman-owned and controlled AND RECOVERY FUND (51%), come talk to our friendly business advisors to see how a loan could help you grow your business. Interest paid from your loan goes back into our financing fund, which helps us provide even more loans to women entrepreneurs. The Regional Relief and Recovery Fund was announced by the Government of Canada to pro- We’ve been supporting women entrepreneurs for 25 years! vide financial support directly to small and medi- Since 1995: um-sized women-owned businesses. Loans of up to $60,000 are available through WESK to address 766 loans have been disbursed for women COVID-19 impacts on short-term stability. Businesses have received a total of $40.4 million through our financing program This access to financing will support small enter- prises that are unable to access larger federal relief Over $3.4 million has been leveraged as a result of our financing funding programs, or unable to obtain a loan/credit from traditional financial institutions, and that are Western Economic Diversification Canada provided WESK with a total of $5 million, struggling with working capital needs. which WESK has grown to $7.9 million Between April 1, 2020 – March 31, 2021 WESK 1,829 jobs have been created through our financing program approved: In 2020–2021: 98 RRRF loans 17 new loans, totalling $1.5 million and 98 current loans, totalling $6 million $3,153,175 in RRRF loans Our loan fund created/maintained 144 FTE jobs in our province this year $32,175 RRRF loan average Our average loan this year was $90,607 557 jobs saved 9 new business start-ups, 5 expansions, 3 existing businesses purchased
SKILLS AND TRAINING Enhancing entrepreneurial capacity and skills 2,652 TRAINING PROGRAMS Learning never stops for an entrepreneur. WESK’s signature workshop, Business Plan Basics, provides an in-depth step-by-step for developing a business plan. entrepreneurs This 1.5-hour virtual workshop teaches first-time entrepreneurs the strategies for moving their business idea out of their heads and into a plan. participated in... This year, WESK connected over 2,500 entrepreneurs to training through more than 100 workshops. Each week, we offered different webinars on a variety of business topics. In addition, we took our three annual full-day workshops and 111 convereted them each into the following webinar series: Learning Month with Deloitte series on accounting for entrepreneurs workships this year Marketing Madness series to support focused, consistent, efficient and cost-effective online marketing efforts Legal Tips for Entrepreneurs series on small business legal considerations 28,271 entrepreneurs have We are proud of the diversity of topics and focus areas we covered this year, attended WESK and we look forward to continuing these webinar series into the coming year. workshops since 1995
SPONSORS Depending on our community Thank you to all of our generous funders! We couldn’t do it without you. SHAKEN WITH A TWIST UNCORKED SMALL BUSINESS CONFERENCE
OUR TEAM OUR BOARD Celebrating the WESK team DANIELLE GRAFF CHAIR JILL POULTON PAST CHAIR CLAIRE BÉLANGER-PARKER DIRECTOR SHOUT OUT TO OUR AMAZING BOARD AND STAFF MEMBERS The 2020-2021 fiscal year was not without challenges, but it brought out our strengths and helped us refocus on what matters most. We appreciate COLLEEN DIXON RHONDA SPENCER KELLY BANNISTER all the energy our team poured into DIRECTOR DIRECTOR DIRECTOR adapting WESK’s work this year, and we want to thank our members and partners for building strong relationships with us. The trust placed in us to help meet business goals is not taken lightly, and we will continue to strive for excellence by every measure. Thank you to the board members for their wisdom and guidance, and to all our staff, members, and partners for making our 25th year one to celebrate. LEIGH KAUFMANN LEANNE JOHNSON DIRECTOR DIRECTOR
OUR TEAM SASKATOON PRABHA MITCHELL LORI JESTIN-KNAUS DANIELLE GRIMES CARA COTE NICK KOCHAR CHIEF EXECUTIVE OFFICER REGIONAL MANAGER BUSINESS ADVISOR BUSINESS ADVISOR PROGRAM ADVISOR NORTH KAURIE MAY JODI MACMILLAN OLU FATOYINBO JEANINE ARMILLOTTA JOSIE FRIES MANAGER OF FINANCE FINANCIAL ANALYST LENDING ADVISOR LENDING AND MARKETING ADVISOR AND ADMINISTRATION ADMINISTRATIVE COORDINATOR REGINA NO PHOTO NO PHOTO AVAILABLE AVAILABLE HEATHER BLOUIN AMANDA PARKINSON BRITTANY SCOTT LOLA ADEBOGUN BRONWEN MALLOY REGIONAL MANAGER BUSINESS ADVISOR PROJECT COORDINATOR MARKETING AND COMMUNICATIONS SOUTH ADMINISTRATIVE INTERN ASSISTANT
From start up to scale up, your success is our only goal. Since 1995, WESK has helped thousands of women start, purchase and expand their businesses through access to business support, financing, training, and networks. WESK is proud to be affiliated with the Women’s Enterprise Organizations of Canada (WEOC). Committed to the growth of women’s entrepreneurship, WEOC works with women’s enterprise support organizations, like WESK, to champion innovation, broaden expertise, and enhance collaboration. WESK is proudly supported by Western Economic Diversification Canada. SASKATOON OFFICE REGINA OFFICE FOLLOW US ONLINE 108 - 502 Cope Way 200 – 1965 Broad Street Saskatoon, SK S7T 0G3 Regina, SK S4P 1Y1 @wesk306 (located in Path Co-work) Phone: 306-477-7173 Toll-Free: 1-844-900-WESK (9375) Phone: 306-359-9732 LinkedIn WESK – Women Toll-Free: 1-844-901-WESK (9375) Entrepreneurs of Saskatchewan www.wesk.ca info@wesk.ca
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