way to manage the delivery of materials. It may mean changing the business plan and projections to accommodate a later delivery date. Or it may mean finding a secure place to store the material during the winter, so there is less risk of something happening to it. Regardless of what is decided (and there could be other alternatives too), Atuqtuarvik approaches the scenario with understanding and responsiveness and with the attitude that they want this client’s business to succeed. “It's the same thing for any barrier whether it is not having the equity to put into the business or not having a detailed enough business plan,” says Hick. “We work with the potential client to figure out ways to solve the issue at hand because the business idea is viable.” “Another issue an entrepreneur might face is not having the financial acumen that will be needed for the business. When companies fail, many times it can be linked to poor financial management. If this is the case, we investigate the best ways of resolving this issue before it becomes a problem. It could mean hiring someone with accounting skills or hiring a company to do the bookkeeping or enrolling the entrepreneur in the appropriate training. At Atuqtuarvik, we have also teamed up with partners to deliver financial literacy courses for entrepreneurs in communities.” The bottom line is Atuqtuarvik, as a financial institution, is here to find ways to make viable business ideas become a reality for Inuit entrepreneurs. For more information, please visit www.atuqtuarvik.com. For the full story of Atuqtuarvik Corporation get a copy of the book called, “A Northern Heart: The Atuqtuarvik Story”. It is available as a downloadable digital book on the corporate website or there are still hard copies available by contacting their office. 41 APR 2023 | BUSINESS ELITE CANADA
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