in Feb-March 2008 read
"FP Small Business embarks on a series that takes aspiring entrepreneurs through the key steps of starting up a business, one week at a time. By following the series, you should be able to set up shop by April."
|Terms associated with being an Entrepreneur||leadership
|Exploring Business Ideas:||Exploring Business Ideas:
there are basically 2 ways you can go
1. Create your own
|Using Trade Associations is a great way to get market information.||
|check this site to do the online quiz about whether you should be an entrepreneur|
than 70% of small businesses ceasing to exist within the first five years
of operations, entrepreneurs can do a number of things at the outset
to minimize financial loss down the road."
Quoting Robert Warren, director of the Asper Centre for Entrepreneurship at the University of Manitoba, Selena Hinds explains
"Your best bet is not to expand too fast ..A lot of businesses grow too quickly and take on too much debt or extend a lot of credit and then they can't match up their cash flows."
"When you do your business plan, make sure you have realistic projections, sufficient financial resources on your own and can withstand a few months of slow payments from customers or slow sales"
"Successful entrepreneurs look for ways to minimize risks, such as getting a government-backed loan, working with suppliers to get easier payment terms and finding a partner."
"Good entrepreneurs control risks and they don't go out on a limb to do something that will come back to haunt them, overextend their credit or take on too much inventory"
|There are thousands of web
pages about starting a business - some offer advice - some offer to sell
you products and services.
This page offers information
to help entrepreneurs with their business start-up. Many tips describing
|Many of the banks have business
advice on their web site - see the screen capture below to go to the BMO
page about Business Plan basics
|go to the Ont. government
ministry that deals with Entrepreneurship
- the government sets up webpages like this to help small businesses
|"Of any level of government,
it is perhaps the local municipalities that can have the most direct influence
on small- and medium-sized enterprises (SMEs). Although the federal and
provincial governments may have a huge influence on a business's way of
doing business, its operating structure and many of its tax obligations,
local communities help define what the business is.
How local governments
help shape their communities, therefore, helps determine the development
of the local business community. Businesses, in return, also contribute
to the definition of the community in the goods and services they produce,
the jobs they create and the investments they make. For the most part,
SMEs serve their local communities and business owners accurately reflect
their communities' sets of values. "
||CONTACT IMAIN PAGE I NEWS GALLERY I E-BIZ SHORTCUTS I INT'L BIZ SHORTCUTS I MKTG&BUSINESS SHORTCUTS I TEACHING SCHEDULE|
|MISTAKES ITEXTS USED I IMAGES I RANK IDISCLAIMERI STUDENT CONTRIBUTORSI FORMER STUDENTS I|