Business Planning
So you have an idea for a business - what's next?
Next you need to determine if self-employment is the right path for you - it is not for everyone. Review the Traits of a successful entrepreneur and see if you feel that this is an accurate description of yourself. Next, review the pros and cons of going into business to make sure that you understand what you are committing to. If after reviewing these two documents you still want to proceed please answer these questions about your business idea.
All lending institutions, including Community Futures, require a business plan. Our clients appreciate the assistance we provide in helping them with the preparation of a business plan along with cash flow, budget projections and market assessment as many entrepreneurs have never been exposed to this type of detailed analysis before.
Here are some useful documents that provide information in regards to preparing a business plan:
- Questions to be answered when assessing your competition.
- A Guide to Planning and Financial Forecasting - Prepared jointly by the Ministry of Competition, Science and Enterprise, The Province of British Columbia and Western Economic Diversification Canada.
- Overview of the Business Planning Process
