When starting a business, you’ll be expected to make a number of assumptions, each with their own level of risk. For example, you’ll need to make an assumption about how much revenue you expect to generate. From this number you will be able to make decisions about how much inventory to purchase etc. The key to managing this risk is to make educated assumptions, rooted in research versus gut feelings.
“Business Planning” for Small Business
Let’s Talk About Fashion…The Business Aspects
If there is one topic I love to talk about, it would be the fashion and beauty industry. And if I’m doing it on “company time”, all the better. How […]
What is Social Innovation and What Are the Business Opportunities?
Social responsibility has come a long way in the last 10 years. Once a term used by big business as a marketing tactic, there have been major leaps forward for […]
How to Turn a Your Favourite Hobby Into a Profitable Small Business
There are many ways a business idea can evolve, but one of the common scenario’s we see here at Small Business BC is the person who is looking to turn […]
Evaluate Your Business Idea
Do you know if your business idea has real potential? Using these steps, you can determine if your business idea is viable.
Is Your Small Business RFP Ready?
Want to start doing business with the BC Provincial Government? For many people the first question is where do I start? The simple answer is www.bcbid.ca. Not only is BC Bid a great way to look for BC Provincial Government opportunities, it is also utilized by municipalities and broader public sector organizations sourcing suppliers as well.
Business Trends for 2015
I am a passionate believer that information is power and there is nothing more powerful than knowing the market for your business. To help small business owners ring in the New Year and seek new opportunities, here are my top 10 most popular business ideas for 2015.
Support for Canadian Forces Entrepreneurs and Veterans
General Rick Hillier (Ret.) applied what he learned in the military to create a profitable career in public speaking and creating his own speaking agency. But what support is there for other members of Canadian Forces looking to turn to entrepreneurship?
The 9 Key Players of Succession Planning
To make a plan successful, the right players need to be involved. This includes a variety of stakeholders from both inside and outside the business. Each one will play a […]
Preparing Your Business to Survive Disaster
You’ve heard the statistics and read the media stories about how a major disaster can wreak havoc on a business, particularly a small business. But it’s not all doom and gloom. With a well-thought-out emergency preparedness plan you can help minimize the disruption to your business.