Starting a Small Business? You Need a Plan!

Have you considered becoming a business owner? It’s always recommended that you understand the need in your preferred industry. This helps you uncover who your completion is and whether a new business can hold a market share in that particular industry. Don’t assume; do your homework!

Everything from looking for space (a suitable physical area) and determining the type of business you’ll establish (corporation, partnership, etc.) will need to be included in your business plan. And a detailed business plan will get you rolling along smoothly. A financial lender will not likely lend you money until you can provide a business plan and that includes a financial forecast. It’s always great to have an Accountant and Bookkeeper in your back pocket to help you with these items.

Take a peek at this business tool provided by our Provincial Government!