Creating a solid business plan at the beginning of your venture guarantees success! In Canada, 96% of small businesses that enter the marketplace survive for one full year, 85% survive for three years and 70% survive for five years. In the majority of cases, start-up success or failure is all about knowing both the how and the why of taking action, and always being clear about which steps to take next.

Business Planning

Overview

This section of our website contains many sub-sections for ease of digestion and understanding. Starting a business is a complex task. Many helpful links to outside resources can be found throughout the sections. You do not need to start a business on your own. Many people are out there to help.

You may have already spoken to mentors, professional advisors, supporters, family and friends — some of whom may be your future customers or your most critical (and important) advisors. Listen well. Research continually. Stay up-to-date as a professional in your field — take courses, upgrading, accreditations. Keep current on the regulations that affect your business locally, provincially, nationally and globally.

These are just some of the steps in becoming the owner of your own business. The rest you will find below.

Starting a Business

Section 1: Contemplating Your Great Idea
Section 2: Would you enjoy you as the boss?
Section 3: Financing Basics
Section 4: Choosing the Structure
Section 5: Is the Red Tape a Deal Breaker?
Section 6: Communications in the 21st Century
Section 7: Networks & Mentors

OK, I’m Ready to Write the Plan

Section 1: Planning to Write
Section 2: Company Information
Section 3: Management and Ownership Plan
Section 4: Product or Service Information
Section 5: Market research-PEST Analysis
Section 6: Marketing Plan
Section 7: Operations Plan
Section 8: Financial Information
Section 9: Risk Analysis
Section 10: Implementation Plan and Timeline

Business Loans

Section 1: Introduction to CFPL Loan Program
Section 2: Arranging Financing
Section 3: Do I Qualify for a Loan?
Section 4: How Do I Apply for a CF Loan?
Section 5: Entrepreneurs with Disabilities Program

Expanding Your Business

Section 1: Why Expand?
Section 2: Risks of Expansion
Section 3: Expansion Strategies
Section 4: Plan for Growth
Section 5: Financing Growth
Section 6: Manage Growth
Section 7: Measure and Evaluate

Business Succession

Section 1: Why Plan Now?
Section 2: Common Exit Strategies
Section 3: Valuating Your Business
Section 4: Grooming Your Successor
Section 5: Support and Resources

Business Planning Tools

Advertising/Marketing Worksheet
Break-even Analysis
Cash Flow Worksheet
Income Statement
Sample Balance Sheet
Start-Up Expenses

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