Hello Achievers & Advisors,
Please review this email for some important reminders and updates.
New updates included in this email:
-
CP Awards Update - DEADLINE EXTENDED TO SUNDAY, APRIL 11
- Calendar Update and Business Activities Extension
- Team Challenge Update
- End of Year
- Battle of the Ads Survey
Deadline Reminders:
- Upcoming Deadlines in April
Previous Updates:
- Continuing your Business
- Showcase Recording
- External Student Opportunities
|
|
|
|
Company Program Awards
*NEW DEADLINE: SUNDAY, APRIL 11 at 11:59 p.m.*
IMPORTANT UPDATE: We have extended the Company Program Awards deadline to Sunday, April 11 at 11:59 p.m. There will be no exceptions beyond this date. The application portal will automatically close at the indicated time.
ADVISORS: Please ensure that you ENDORSE the awards ASAP after receiving the email submission to review. If you do not receive the email, please get in touch with the student and/or JA.
STUDENTS: Please ensure that you submit your application no later than April 11 and follow up with your advisors who are endorsing your application to ensure that they have received the endorsement email.
Please reach out if you have any questions or concerns. Best of Luck!
|
|
|
|
Calendar Update & Business Activities Extension
IMPORTANT UPDATE: We have decided to give teams a bit more time to finish sales and wrap up their businesses. Please note the following important details regarding this extension.
CP CALENDAR:
-
April 5-9 is the scheduled last week (Week 18)
-
April 12-16 will now be the scheduled "March Break" (you can opt to meet this week too but it is not mandatory)
-
April 19-23 will be an optional week for teams to finish up if they need the time
-
April 26 to May 14 additional 3 weeks of business operations (including liquidation) granted. Teams must let us know they are taking this extension by emailing companyprogram@jacentralontario.org
WHAT DOES THE EXTENSION MEAN:
-
OPERATIONS: You can continue to operate beyond April 23 until May 14.
-
LIQUIDATION: Your team must be liquidated and closed no later than May 14.
- DELIVERABLES & DEADLINES:
- Your team is still required to submit all required submissions (including fixed costs) by the indicated deadlines (see deadlines below).
-
SHAREHOLDERS' REPORT: In order to collect your team challenge points AND/OR if you are applying for any of the GROUP AWARDS, you must submit a report by April 23rd based on the following:
-
If you have liquidated and closed by April 23rd, please submit your FINAL shareholders report.
-
If you have not liquidated and closed by April 23rd, please submit a SNAPSHOT to date of your current operations (including financials) at the time of submission AND a FINAL UPDATE by May 14.
- If you make a profit of $500 or more, you will be required to pay the sales profits tax by May 14th.
PLEASE NOTE:
- This extension is OPTIONAL. You must decide as a team if you wish to take it.
- Any team meetings with advisors beyond the required 18 weeks is at your advisors' discretion and capacity.
- If you wish to take the extension, you must let us know by email at companyprogram@jacentralontario.org
|
|
|
|
Team Challenge Update
220 Points Requirement for Company of the Year:
If your team is planning to apply for the Company of the Year Award, your team is required to have a minimum of 220 points. Please note that you will likely not have 220 points at the time of your awards submission as many of the points will come towards the end of April. You can still submit for the award! If you have been meeting most deadlines and will be submitting the remaining requirements along with a few additional bonus points, you will likely make the points. If you are unsure, please feel free to email us to ask for an update on your team's progress.
Points still to come from the Team Challenge Tracker:
- 50 points for Advisor Recognition
- 50 points for Yearbook
- 10 points 80% Average Team Attendance
- 10 points for Shareholders' Report
- 10 pts for for Fixed Costs Payment #2 ($75)
- Max 30 points for Sharing a CP experience on social media
Bonus points still to come:
- 10 points for submitting final attendance
- 15 points for top 3 teams in the Battle of the Ads
-
Keep an eye out for our Social Media Challenge Week for BONUS POINTS coming during the week of April 12th!
To learn more about the team challenge points, please visit:
|
|
|
|
End of Year
It is nearing the end of the year! While you can take advantage of the April Break and the optional week, it is time to start thinking about wrapping up your Company Program.
In the next few weeks, your team will be:
- Wrapping up your sales
- Completing your liquidation process and preparing your final shareholders' report
- Preparing for your final meeting
- Reflecting on your Company Program experience (reviewing where you're at in your personal and team goals, your KPIs, etc.)
- Celebrating your success! Whether you made a profit or not, it's time to look back and see how far you have all come and to celebrate your team
Helpful Links to review:
|
|
|
|
Company Program Award Applications
DUE: Sunday, April 11 at 11:59 p.m.
|
|
|
|
Final Attendance List
DUE: Friday, April 16
VP OF HR: In your final attendance and student list, please ensure you follow these instructions:
- Indicate your final attendance % for each active student
- Indicate clearly which students are no longer active (i.e. have dropped out)
- Sort your list in alphabetical order by FIRST NAME (and then last name)
- Rename your file the name of your JA Company
- Upload your file in these formats only: Excel Spreadsheet or PDF
TEAM CHALLENGE POINTS
10 PTS (BONUS for submitting your final attendance list)
10 PTS if your team had 80% attendance rate
|
|
|
|
Battle of the Ads Commercial Contest
DUE: Friday, April 23
For full contest details and how to submit, please visit:
TEAM CHALLENGE POINTS
15 PTS (BONUS) for top 3 teams
|
|
|
|
Final Shareholders' Report and 2nd Fixed Cost Payment
DUE: Friday, April 23
All teams are required to remit your final fixed cost payment of $75.
If your team has $500 or more in profit, you are also required to pay Sales Profits Tax.
TEAM CHALLENGE POINTS
10 PTS for submitting shareholders' report by April 23
10 PTS for submitting fixed cost payment #2 ($75) by April 23
|
|
|
|
Advisor Recognition and Yearbook Form
DUE: Friday, April 30
Yearbook Form to be shared next week (it will be an online questionnaire)
TEAM CHALLENGE POINTS
50 PTS for submitting Advisor Recognition
50 PTS for submitting Yearbook Form
|
|
|
|
Happy Easter & Happy Long Weekend
Happy Easter to everyone celebrating and Happy Long Weekend to all!
|
|
|
|
Continuing your Business
If you plan on continuing your company after JA, your team is still required to complete the liquidation process and closing of the business as per the JA Company Program requirements.
Once you have completed these requirements and have submitted your final shareholders' report, you can then determine as a team which members will continue on. All members who choose not to continue must understand that by doing so they are relinquishing their part in the company. You will need to have this clearly indicated and in writing – who will and will not continue with the company – and have all members sign off on it.
After that, your company’s affiliation with JA will come to an end and it will be up to the remaining members to determine the next steps for establishing your business.
If you are using Shopify, you may be able to keep your site. When liquidating, you may have to sell off any assets to yourselves (or whoever has agreed to continue the company) and then we will request Shopify to move the ownership of the Shopify account to you and your members. Keep in mind you will then be responsible for all Shopify membership fees going forward as soon as you are no longer affiliated with JA.
|
|
|
|
Showcase Keynote Recording
Thank you to everyone who joined us last night for the Youth Entrepreneurs Showcase!
A post-event communication was sent out separately to Achievers with a survey - please take a moment to complete the survey to help us improve the showcase experience in the future.
If you missed the keynote presentation, you can review the recording here:
|
|
|
|
External Student Opportunities
We've added a section to the JA Central Ontario resource page where you will be able to find some external student opportunities offered by our partners and sponsors.
|
|
|
|
Upcoming Dates
To view the full CP Calendar including upcoming deadlines, click here.
Sunday, April 11
Friday, April 16
Final Attendance Due
Friday, April 23
Friday, April 30
Advisor Recognition and Yearbook Form Due
|
|
|
|
Thank you!
Lucia & Lesley
The Company Program Team
|
|
|
|
|
|
|
|
|
