MOVE YOUR IDEAS FORWARD
There are many facets to starting a business - determining what you need to know can be challenging. Do you struggle with sorting through which regulations and permits apply to you? Do you understand the business structure and registration process? Muskoka Small Business Centre (MSBC) provides an all in one business resource centre. You need to consider everything that may apply to starting your business - MSBC is here to help you do this through free confidential consultations, seminars and workshops.
The first step with any business is the planning. As you think about each stage of your business, write it down. This is called a business plan and it's not as hard as some people think. This provides a guide as you start to implement your business initiative.
What is a Business Plan? Simply put, it's a written document which describes who you are, what you plan to achieve, where your business will be located, when you expect to get under way, and how you will overcome the risks involved and provide the returns.
Why do you need a Business Plan? To be successful! Planning and preparing will help you identify any pitfalls and ensure that business growth will be profitable. Additionally, if you wish to apply for funding, you will need a business plan to provide information to your potential lender, investor or supplier to show how you plan to use their money, establish credibility and show potential for repayment. Sample business plans - has information on writing your business plan as well as templates and samples.
Be sure to have your business plan prepared before applying for any source of financing. Often business owners look for financing when starting up a new business. Financing for Starting a Business is an information guide that will provide you with the basics for best sources of funding. Another resource for finding information on Government Grants and Financing is available at the Canada Ontario Business Service Centre Website.
Incorporating a Business - Information
Futurpreneurs Canada (formerly CYBF) is a national non-profit organization dedicated to growing our nation's economy one young entrepreneur at a time. Futurpreneurs Canada looks at character, not collateral, when providing youth aged 18-39 with prelaunch coaching business resources, start-up financing up to $15,000 from Futurpreneurs Canada with an additonal up to $30,000 loan from Business Developemnt Bank of Canada (BDC) as well as mentoring to help launch and sustain successful businesses.