Whether or not you are seeking financing from lenders, it is essential that you create a comprehensive well thought out business plan. It creates a road map for your business to help you determine what resources you will need to make a profit.
“Business Planning” for Small Business
An Introduction to Co-ops
All entrepreneurs face an important question at the start of their journey – what business structure is the best fit? Usually, you’d choose between a sole proprietorship, partnership, or corporation. […]
10 Tips for Disaster-Proofing Your Business
Depending on where your business is located in BC, you face a number of potential threats. If the worst were to happen, is your business prepared? Minimize […]
10 Tips for What a Lender Looks for in a Business Plan
Once you spot an opportunity that you simply can’t pass up, there are calculated steps to turn your vision into reality, and finding financing is usually at the top of the list.
How a Virtual Assistant Can Help Your Small Business
As an entrepreneur in charge of all aspects of your business, it’s all too easy to get bogged down by mundane tasks. No matter the industry, every company has these […]
Make the Most of Your Profit: Income Splitting and Share Structures
Splitting dividends from your business between you and another member of your household can lower the amount of taxes you pay. But how do you make sure you do it legally, and in a way that leaves you in control of your business?
The 9 Key Players of Succession Planning
For a plan to be successful, the right players need to be involved. With succession planning, this includes a variety of stakeholders from inside and outside the business. Each will […]
How To Estimate Start-Up Costs for Your New Company
So you want to start a new restaurant/accounting practice/gnome-themed birthday party company (insert your type of business)? If this is your first company, you’re probably wondering how to estimate your start-up costs.
How to Run Your Business While Working a Job
Running a side business while working a full-time job is relatively common. But managing this process can be difficult and requires a delicate balance. You must be fair to your employer and give them 100 percent of your dedication. At the same time, you need to work hard at your own business to make sure it succeeds.
5 Reasons Why You Should Get a Business Plan Review
As an entrepreneur, you understand the value of a well-crafted business plan. It’s the essential roadmap for launching your business and something you’ll use to impress banks and investors. Writing […]