This document provides guidance for starting a new business in Delta, British Columbia. It outlines the importance of conducting research into market opportunities and one's own skills and resources before beginning the planning process. Key steps include assessing market demand, defining a business idea, evaluating competition, and creating a marketing strategy to differentiate one's product or service. The document then lists municipal requirements and provides checklists and resources to help new entrepreneurs successfully register and launch a business in Delta.
Business Plans - Write Your Script Before You Have To Perform ItGeorge Marcou
This document provides guidance on creating an effective business plan. It emphasizes that planning is essential for business success and failure to plan properly can lead a business to fail. A complete business plan should include sections on the industry, company aims and vision, market research, management, operations, marketing, sales, and finances. Developing a thorough business plan allows a business owner to identify any gaps or weaknesses and remedy them before problems arise. The plan then serves as a roadmap to guide the business as it works to achieve its goals.
The document provides guidance on writing an effective business plan. It emphasizes that a business plan forces objective evaluation of a business idea, helps identify strengths and weaknesses, and is important for obtaining financing. It outlines key components of a business plan including descriptions of the business, products, location, marketing plan, management plan, and financial plan. Sound financial management and planning are stressed as important for business success.
This document provides guidance on preparing a business plan in 6 steps: 1) Identify objectives, 2) Outline plan, 3) Review outline, 4) Write plan, 5) Have plan reviewed, 6) Update plan. It also provides a basic business plan outline covering executive summary, personal/business details, market analysis, operations, products/services, and financial projections. The outline is intended to guide business owners in developing an effective plan to communicate their business goals and obtain financing.
This document provides a summary of key tips for entrepreneurs raising money from informal investors like friends and family. It cautions that financing agreements often favor investors over entrepreneurs, and provides 5 tips to look out for:
1) Don't give first investors pro-rata rights to maintain ownership through future rounds as this sets a precedent that discourages later institutional investors.
2) Avoid giving too many people rights to be overly involved in decision-making as this can lead to needing approval from many shareholders.
3) Beware of liquidation preferences that allow investors to get their money back before common shareholders in an acquisition.
4) Watch out for redemption rights that let investors force the company to buy back shares
This document outlines a business planning workshop for real estate agents. It discusses the importance of creating a business plan and vision for the upcoming year. Key components that should be included in a business plan are reviewed such as mission statements, transaction goals, marketing plans, budgets, and professional development goals. Common mistakes to avoid when creating a business plan are also mentioned. The workshop agenda provides guidance on setting specific lead generation, social media, referral, and client contact goals. Tools for creating budgets and tracking expenses are recommended.
This document provides a sample business plan for Northwind Traders, which transports goods by sea. The plan outlines the company's mission to provide reliable, cost-effective shipping services. It describes the management team and their experience in transportation and logistics. Financial projections estimate sales growth over three years, with break-even expected after one year of operation. The plan also analyzes the competitive environment and Northwind's advantages in the shipping market.
Business Plans - Write Your Script Before You Have To Perform ItGeorge Marcou
This document provides guidance on creating an effective business plan. It emphasizes that planning is essential for business success and failure to plan properly can lead a business to fail. A complete business plan should include sections on the industry, company aims and vision, market research, management, operations, marketing, sales, and finances. Developing a thorough business plan allows a business owner to identify any gaps or weaknesses and remedy them before problems arise. The plan then serves as a roadmap to guide the business as it works to achieve its goals.
The document provides guidance on writing an effective business plan. It emphasizes that a business plan forces objective evaluation of a business idea, helps identify strengths and weaknesses, and is important for obtaining financing. It outlines key components of a business plan including descriptions of the business, products, location, marketing plan, management plan, and financial plan. Sound financial management and planning are stressed as important for business success.
This document provides guidance on preparing a business plan in 6 steps: 1) Identify objectives, 2) Outline plan, 3) Review outline, 4) Write plan, 5) Have plan reviewed, 6) Update plan. It also provides a basic business plan outline covering executive summary, personal/business details, market analysis, operations, products/services, and financial projections. The outline is intended to guide business owners in developing an effective plan to communicate their business goals and obtain financing.
This document provides a summary of key tips for entrepreneurs raising money from informal investors like friends and family. It cautions that financing agreements often favor investors over entrepreneurs, and provides 5 tips to look out for:
1) Don't give first investors pro-rata rights to maintain ownership through future rounds as this sets a precedent that discourages later institutional investors.
2) Avoid giving too many people rights to be overly involved in decision-making as this can lead to needing approval from many shareholders.
3) Beware of liquidation preferences that allow investors to get their money back before common shareholders in an acquisition.
4) Watch out for redemption rights that let investors force the company to buy back shares
This document outlines a business planning workshop for real estate agents. It discusses the importance of creating a business plan and vision for the upcoming year. Key components that should be included in a business plan are reviewed such as mission statements, transaction goals, marketing plans, budgets, and professional development goals. Common mistakes to avoid when creating a business plan are also mentioned. The workshop agenda provides guidance on setting specific lead generation, social media, referral, and client contact goals. Tools for creating budgets and tracking expenses are recommended.
This document provides a sample business plan for Northwind Traders, which transports goods by sea. The plan outlines the company's mission to provide reliable, cost-effective shipping services. It describes the management team and their experience in transportation and logistics. Financial projections estimate sales growth over three years, with break-even expected after one year of operation. The plan also analyzes the competitive environment and Northwind's advantages in the shipping market.
This document discusses how to build a successful brand and high-performing team. It emphasizes the importance of having a clear brand vision and objectives focused on distinction, added value, quality, structured communications, direction, and innovation. It also stresses the importance of open communication, clear roles and goals, leadership support, and coordination within a team to achieve projects effectively. Regular updates and participation from leadership helps build trust while allowing independence. The key is properly aligning all members' efforts like a puzzle to achieve success.
This document discusses how to build a successful brand and high-performing team. It emphasizes the importance of having a clear brand vision and objectives focused on distinction, added value, quality, structured communications, direction, and innovation. It also stresses the importance of open communication, clear roles and goals, leadership support, and coordination within a team to achieve projects effectively. Regular updates and participation from leadership helps build trust while allowing independence. The key is properly aligning all members' efforts like a puzzle to achieve success.
This document provides terms and conditions for a legal notice. It strives to be accurate while noting that errors may occur. It assumes no responsibility for errors, omissions, or interpretations. Practical advice is provided, but readers are advised to rely on their own judgment. The document is not intended as a source of legal, business, or financial advice.
So you want to start a social enterprise?Pilotlight
As the funding climate for charities becomes increasingly challenging, many are seeing social enterprise as a way of diversifying their income streams to create a sustainable business model. However, with failure rates for new businesses in the private sector running at nearly 50% in the first five years, how can charities give their ideas the best chance of converting to ventures that deliver?
At Pilotlight we bring teams of business leaders, our Pilotlighters, together with charities and social businesses to give them the strategic support they need to become more efficient, effective and sustainable. We asked some of our Pilotlighters who have built their own businesses, to share the questions that they think every organisation should ask before starting a social enterprise. They’ve also provided the answers that we hope will help you think through and start to plan your new venture.
Q1: Why set up a new business?
Q2: Who are our customers and what are they looking for?
Q3: What do we want the business to look and feel like in a few years time?
Q4: Will we have the cash available to fund what we need, when we need it?
Q5: What might go wrong and how could we respond?
Q6: Do we have the capability to deliver the social enterprise effectively?
Q7: How do we build the right team to plan and launch it?
Q8: How will we build customer awareness and demand for our offering?
Q9: How do we make sure that our current employees and volunteers don't see the social enterprise as a threat to what they do or what the charity does?
Q10: How do we know if we’re making progress?
Q11: We have never attempted anything quite on this scale, how do we set ourselves up for success?
Q12: What kind of partnerships will help us succeed?
Other things to consider
A collection of our favourite Weekly Business Tips from our weekly email series. Practical tips to inspire you to achieve more, and help you run your business better.
The document provides an overview of a generic business plan template that can be modified for any business. It discusses the key components of a business plan, including an executive summary, company description, products/services, marketing plan, operational plan, management team, startup expenses, and financial projections. The template is meant to guide business owners through researching and planning their business in a systematic way.
The document provides guidance on conducting effective employee performance appraisals by reframing them as opportunities for coaching and development, rather than criticism. It recommends starting with a discussion of company and employee visions to ensure goals are aligned. Performance should then be reviewed using coaching questions that focus on successes and resources needed rather than problems. SMART goals that are specific, measurable, attainable, relevant and time-bound should be set and reviewed monthly to provide accountability and ensure progress toward goals and visions. The overall approach transforms appraisals into positive experiences that enhance performance through ongoing coaching and partnership between managers and employees.
The document provides guidance on using coaching skills to improve the performance appraisal process for both employees and supervisors. It recommends that supervisors:
1) Start by establishing a clear company and individual employee vision. Discuss goals that are specific, measurable, attainable, relevant and time-bound.
2) Conduct regular (e.g. monthly) check-ins to review progress towards goals rather than just annual reviews. Celebrate successes and identify resources needed.
3) Frame the process as developing success and excellence rather than focusing on problems. Use coaching questions to guide constructive discussions.
4) Create a partnership with employees and coach them towards achieving their goals and vision, in alignment with the company
Six Steps for a Successful Job Search: Perspectives from an Executive Search ...Spencer Stuart
Tips for how to manage your job search and how to work with an executive search firm. Visit www.spencerstuart.com/research-and-insight for more insights on career development and leadership.
This document promotes increasing business profits and reducing employee turnover through improving company culture. It claims most businesses fail to focus on retaining quality employees and increasing production, which are the only two things that truly matter. A story is presented about how one company revolutionized its culture by hiring a new CEO based on personality and skills rather than experience. The document argues for assessing company culture and turnover, and implementing strategies to attract and retain the right cultural fits through an open door policy, employee empowerment, and constant feedback. Applying these techniques could increase profits by 5-50% within 3 months by reducing turnover by 25-50%.
The document provides a template and guidance for creating a business plan, outlining key sections to include such as the business details, market research, financial projections, and goals. It recommends researching the business, determining the audience for the plan, and getting feedback before finalizing the plan to present a clear and accurate picture of the business to potential investors or partners. The template guides the user to describe the business, market, future plans, and finances in a structured format to secure funding and define the business strategy.
This document provides guidance for business leaders on how to lead their organizations through times of change and economic downturn. It recommends focusing on solutions rather than problems, establishing new targets and priorities aligned with the current environment. It emphasizes increasing productivity through initiatives like improving employee innovation, strengthening customer relationships and supplier partnerships. Leaders are advised to simplify processes, demonstrate entrepreneurship through actions, treat all stakeholders with dignity and respect, and lead with optimism.
This document provides guidance on creating a business plan for a real estate business. It discusses formulating the plan by getting advice from mentors. As an entrepreneur, planning is key to success. The document outlines evaluating why real estate, what a plan will do, and provides worksheets to analyze strengths, weaknesses, opportunities, threats, and set SMART goals. It also covers operational strategies like vision, mission, services, and legal structure. Marketing strategies like identifying target markets and creating a referral network are discussed. The document provides templates and guidance for setting financial and productivity goals to achieve the necessary revenue.
Score Free Business Consulting Simple Steps Growing Your Business - WorkbookBrian Bateman
This document discusses planning for business growth. It emphasizes assessing the current state of the business using a business needs assessment to identify strengths and weaknesses. Understanding where the business falls in its industry life cycle is also important for determining appropriate growth strategies. Strategic planning then helps set a vision for where the business wants to go. The three steps to strategic planning are creating or updating a vision statement, conducting a SWOT analysis to evaluate strengths, weaknesses, opportunities and threats, and setting SMART goals to achieve the vision. Completing this assessment and planning process provides the foundation needed to successfully grow the business.
Mel feller illustrates the steps needed to start your business by mel fellerMel Feller
Mel Feller knows that business coaching is a process used to take a business from where it is now to where the business owner wants it to be. A business coach will assist and guide the business owner in growing their business by helping them clarify the vision of their business and how it fits in with their personal goals. Fitting the business vision in with the business owner’s personal goals is a step that is missed by most business coaches, who often only focus on the business goals. In so doing, they are omitting the goals of the business owner altogether. A great business owner seeks to understand why reaching business growth goals is important to them personally, and the impact it will have on their life. After all, the business owner ultimately determines the speed and passion in which the goal is met (if ever), and if it is not linked to the business owner’s personal dreams, goals and plans for themselves, there is no burning reason why getting to that business goal is critical. Mel Feller has created this guide to take you by systematically through how you can start a business. It covers every conceivable thing you could want to know when setting up a business, including:
The document provides an outline for writing a business plan, beginning with an executive summary that should emphasize key issues in no more than 3 pages. It then outlines sections on market analysis, the company, marketing and sales plans, product research, organization, and financial data. The market analysis section suggests analyzing the industry, target markets, market tests, competition, and regulations. The outline is intended to guide entrepreneurs in developing a comprehensive yet concise business plan.
The document provides guidance on developing a business plan for a real estate business. It discusses formulating the plan with an advisor, crafting the plan for success, and understanding how the plan will directly affect business success. It also covers evaluating why real estate, what the plan will do, developing goals and objectives, marketing strategies, and financial forecasting. Tips are provided on creating a vision, developing an abundance mentality, and conducting a SWOT (strengths, weaknesses, opportunities, threats) analysis.
What are the benefits of QMS for a fertility centre and how do we measure themSandro Esteves
This document discusses the benefits of implementing a Quality Management System (QMS) for a fertility center. It explains that a QMS helps ensure consistency, meet customer needs, and increase efficiency. Benefits are measured through audits, tracking quality actions, and key performance indicators. Tools like Pareto diagrams, control charts, and the PDCA method are used to analyze data. The presentation then discusses Androfert fertility center's experience implementing ISO 9001 certification in 2006. This helped Androfert improve quality of services, comply with regulations, boost its reputation, increase market share and profitability over time. The QMS created a well-organized workflow and focus on continuous improvement.
Declining birth rate, fertility rate and family sizeMehek Iqbal
The document summarizes factors that have led to declines in birth rates, fertility rates, and average family sizes since 1900. Key factors discussed include increased access to and acceptance of contraception; compulsory education reducing the economic benefit of children; rising costs of childrearing; women prioritizing careers over early motherhood; decreased infant mortality meaning fewer backup children were needed; and changing social values placing less emphasis on traditional family structures.
This document discusses how to build a successful brand and high-performing team. It emphasizes the importance of having a clear brand vision and objectives focused on distinction, added value, quality, structured communications, direction, and innovation. It also stresses the importance of open communication, clear roles and goals, leadership support, and coordination within a team to achieve projects effectively. Regular updates and participation from leadership helps build trust while allowing independence. The key is properly aligning all members' efforts like a puzzle to achieve success.
This document discusses how to build a successful brand and high-performing team. It emphasizes the importance of having a clear brand vision and objectives focused on distinction, added value, quality, structured communications, direction, and innovation. It also stresses the importance of open communication, clear roles and goals, leadership support, and coordination within a team to achieve projects effectively. Regular updates and participation from leadership helps build trust while allowing independence. The key is properly aligning all members' efforts like a puzzle to achieve success.
This document provides terms and conditions for a legal notice. It strives to be accurate while noting that errors may occur. It assumes no responsibility for errors, omissions, or interpretations. Practical advice is provided, but readers are advised to rely on their own judgment. The document is not intended as a source of legal, business, or financial advice.
So you want to start a social enterprise?Pilotlight
As the funding climate for charities becomes increasingly challenging, many are seeing social enterprise as a way of diversifying their income streams to create a sustainable business model. However, with failure rates for new businesses in the private sector running at nearly 50% in the first five years, how can charities give their ideas the best chance of converting to ventures that deliver?
At Pilotlight we bring teams of business leaders, our Pilotlighters, together with charities and social businesses to give them the strategic support they need to become more efficient, effective and sustainable. We asked some of our Pilotlighters who have built their own businesses, to share the questions that they think every organisation should ask before starting a social enterprise. They’ve also provided the answers that we hope will help you think through and start to plan your new venture.
Q1: Why set up a new business?
Q2: Who are our customers and what are they looking for?
Q3: What do we want the business to look and feel like in a few years time?
Q4: Will we have the cash available to fund what we need, when we need it?
Q5: What might go wrong and how could we respond?
Q6: Do we have the capability to deliver the social enterprise effectively?
Q7: How do we build the right team to plan and launch it?
Q8: How will we build customer awareness and demand for our offering?
Q9: How do we make sure that our current employees and volunteers don't see the social enterprise as a threat to what they do or what the charity does?
Q10: How do we know if we’re making progress?
Q11: We have never attempted anything quite on this scale, how do we set ourselves up for success?
Q12: What kind of partnerships will help us succeed?
Other things to consider
A collection of our favourite Weekly Business Tips from our weekly email series. Practical tips to inspire you to achieve more, and help you run your business better.
The document provides an overview of a generic business plan template that can be modified for any business. It discusses the key components of a business plan, including an executive summary, company description, products/services, marketing plan, operational plan, management team, startup expenses, and financial projections. The template is meant to guide business owners through researching and planning their business in a systematic way.
The document provides guidance on conducting effective employee performance appraisals by reframing them as opportunities for coaching and development, rather than criticism. It recommends starting with a discussion of company and employee visions to ensure goals are aligned. Performance should then be reviewed using coaching questions that focus on successes and resources needed rather than problems. SMART goals that are specific, measurable, attainable, relevant and time-bound should be set and reviewed monthly to provide accountability and ensure progress toward goals and visions. The overall approach transforms appraisals into positive experiences that enhance performance through ongoing coaching and partnership between managers and employees.
The document provides guidance on using coaching skills to improve the performance appraisal process for both employees and supervisors. It recommends that supervisors:
1) Start by establishing a clear company and individual employee vision. Discuss goals that are specific, measurable, attainable, relevant and time-bound.
2) Conduct regular (e.g. monthly) check-ins to review progress towards goals rather than just annual reviews. Celebrate successes and identify resources needed.
3) Frame the process as developing success and excellence rather than focusing on problems. Use coaching questions to guide constructive discussions.
4) Create a partnership with employees and coach them towards achieving their goals and vision, in alignment with the company
Six Steps for a Successful Job Search: Perspectives from an Executive Search ...Spencer Stuart
Tips for how to manage your job search and how to work with an executive search firm. Visit www.spencerstuart.com/research-and-insight for more insights on career development and leadership.
This document promotes increasing business profits and reducing employee turnover through improving company culture. It claims most businesses fail to focus on retaining quality employees and increasing production, which are the only two things that truly matter. A story is presented about how one company revolutionized its culture by hiring a new CEO based on personality and skills rather than experience. The document argues for assessing company culture and turnover, and implementing strategies to attract and retain the right cultural fits through an open door policy, employee empowerment, and constant feedback. Applying these techniques could increase profits by 5-50% within 3 months by reducing turnover by 25-50%.
The document provides a template and guidance for creating a business plan, outlining key sections to include such as the business details, market research, financial projections, and goals. It recommends researching the business, determining the audience for the plan, and getting feedback before finalizing the plan to present a clear and accurate picture of the business to potential investors or partners. The template guides the user to describe the business, market, future plans, and finances in a structured format to secure funding and define the business strategy.
This document provides guidance for business leaders on how to lead their organizations through times of change and economic downturn. It recommends focusing on solutions rather than problems, establishing new targets and priorities aligned with the current environment. It emphasizes increasing productivity through initiatives like improving employee innovation, strengthening customer relationships and supplier partnerships. Leaders are advised to simplify processes, demonstrate entrepreneurship through actions, treat all stakeholders with dignity and respect, and lead with optimism.
This document provides guidance on creating a business plan for a real estate business. It discusses formulating the plan by getting advice from mentors. As an entrepreneur, planning is key to success. The document outlines evaluating why real estate, what a plan will do, and provides worksheets to analyze strengths, weaknesses, opportunities, threats, and set SMART goals. It also covers operational strategies like vision, mission, services, and legal structure. Marketing strategies like identifying target markets and creating a referral network are discussed. The document provides templates and guidance for setting financial and productivity goals to achieve the necessary revenue.
Score Free Business Consulting Simple Steps Growing Your Business - WorkbookBrian Bateman
This document discusses planning for business growth. It emphasizes assessing the current state of the business using a business needs assessment to identify strengths and weaknesses. Understanding where the business falls in its industry life cycle is also important for determining appropriate growth strategies. Strategic planning then helps set a vision for where the business wants to go. The three steps to strategic planning are creating or updating a vision statement, conducting a SWOT analysis to evaluate strengths, weaknesses, opportunities and threats, and setting SMART goals to achieve the vision. Completing this assessment and planning process provides the foundation needed to successfully grow the business.
Mel feller illustrates the steps needed to start your business by mel fellerMel Feller
Mel Feller knows that business coaching is a process used to take a business from where it is now to where the business owner wants it to be. A business coach will assist and guide the business owner in growing their business by helping them clarify the vision of their business and how it fits in with their personal goals. Fitting the business vision in with the business owner’s personal goals is a step that is missed by most business coaches, who often only focus on the business goals. In so doing, they are omitting the goals of the business owner altogether. A great business owner seeks to understand why reaching business growth goals is important to them personally, and the impact it will have on their life. After all, the business owner ultimately determines the speed and passion in which the goal is met (if ever), and if it is not linked to the business owner’s personal dreams, goals and plans for themselves, there is no burning reason why getting to that business goal is critical. Mel Feller has created this guide to take you by systematically through how you can start a business. It covers every conceivable thing you could want to know when setting up a business, including:
The document provides an outline for writing a business plan, beginning with an executive summary that should emphasize key issues in no more than 3 pages. It then outlines sections on market analysis, the company, marketing and sales plans, product research, organization, and financial data. The market analysis section suggests analyzing the industry, target markets, market tests, competition, and regulations. The outline is intended to guide entrepreneurs in developing a comprehensive yet concise business plan.
The document provides guidance on developing a business plan for a real estate business. It discusses formulating the plan with an advisor, crafting the plan for success, and understanding how the plan will directly affect business success. It also covers evaluating why real estate, what the plan will do, developing goals and objectives, marketing strategies, and financial forecasting. Tips are provided on creating a vision, developing an abundance mentality, and conducting a SWOT (strengths, weaknesses, opportunities, threats) analysis.
What are the benefits of QMS for a fertility centre and how do we measure themSandro Esteves
This document discusses the benefits of implementing a Quality Management System (QMS) for a fertility center. It explains that a QMS helps ensure consistency, meet customer needs, and increase efficiency. Benefits are measured through audits, tracking quality actions, and key performance indicators. Tools like Pareto diagrams, control charts, and the PDCA method are used to analyze data. The presentation then discusses Androfert fertility center's experience implementing ISO 9001 certification in 2006. This helped Androfert improve quality of services, comply with regulations, boost its reputation, increase market share and profitability over time. The QMS created a well-organized workflow and focus on continuous improvement.
Declining birth rate, fertility rate and family sizeMehek Iqbal
The document summarizes factors that have led to declines in birth rates, fertility rates, and average family sizes since 1900. Key factors discussed include increased access to and acceptance of contraception; compulsory education reducing the economic benefit of children; rising costs of childrearing; women prioritizing careers over early motherhood; decreased infant mortality meaning fewer backup children were needed; and changing social values placing less emphasis on traditional family structures.
Russia is facing a population crisis as birth rates have plummeted and death rates have risen, due to factors like poor prenatal care, smoking, alcoholism, and brain drain. Some solutions that have been tried include financial incentives for having children on Russia Day and for having a second child. Other countries face their own population challenges, with high birth rates linked to poverty in places like the Philippines where contraception is restricted, and low birth rates in aging societies in Japan and parts of Europe due to financial barriers and lack of family support systems. Regional differences within countries are also seen, for example with higher fertility in the southern Indian state of Kerala where women have more autonomy and education compared to northern states with practices like child marriage.
All the things an entrepreneur or start-up needs to know. Is it about the idea? Is it about a great product? How to build a team? Do I need a business plan? How do I raise money? What is a great business strategy?
The document discusses different measures of fertility including total fertility rate (TFR), birth rate, and crude birth rate. It then lists factors that can influence fertility rates such as education, culture, religion, economic conditions, health issues, and government policy. These influencing factors are grouped into sociocultural and economic categories. Tables are presented comparing fertility rates and percentages of women of childbearing age by country income level and over time. Examples of sociocultural influences include religion, disease prevalence, and women's status. Economic influences discussed include costs of childrearing and type of prevailing economy.
This document discusses measures of fertility. It begins by defining fecundity and fertility in demography. It then outlines several key measures used to quantify birth performance and compare fertility levels, including crude birth rate (CBR), general fertility rate (GFR), general marital fertility rate (GMFR), age specific fertility rate (ASFR), total fertility rate (TFR), gross reproduction rate (GRR), and net reproduction rate (NRR). The document explains how to compute each of these measures and highlights their uses and limitations. It concludes by discussing replacement level fertility.
The document discusses several factors that influence business ethics, including leadership, corporate culture, and the environment. It notes that leaders set the ethical tone for an organization and should prioritize ethical conduct. Corporate culture and external pressures can also impact ethical practices. Sustainability involves balancing economic, social, and environmental perspectives over the long run. Unethical issues may arise from personal gain, competitive pressures, or cultural contradictions.
Lf business start up v1 cd ev bk 04 aprilAlex Fenton
This document provides an overview of key considerations and steps for starting a business in a foreign country. It discusses developing business planning skills, choosing a legal entity like a sole proprietorship or LLC, registering the business with the proper authorities, researching the target market to understand customer needs and competitors, and obtaining funding. The document also provides several links to additional resources on business plans, legal forms, registration procedures, and points of contact in different countries.
Module 3 business planning with benefit of hindsightrestartplatform
This document provides information about business planning and experimentation. It discusses the importance of business planning, but also notes that experimentation may be a better approach in some cases. Business plans are important for setting goals and evaluating progress, but they do not guarantee success. The document outlines common myths about business planning, such as the idea that plans are only for startups or only needed for raising capital. It emphasizes that plans should be concise and focus on key questions like the problem being solved, target customers, competition, and financial projections. Overall, the document suggests that while planning is valuable, experimenting and getting early customer feedback may be lower risk approaches in some sectors compared to traditional business planning models.
This document discusses business planning and the importance of experimentation. It begins by outlining what will be covered in the business planning module, including getting back to basics on business plans, debunking common myths, improving plans over time, and learning from experimentation. It then discusses what business plans are and why they are important, addressing myths around business planning. The document emphasizes that while planning is important, experimentation is also critical for building resilient businesses and planning for difficulties. Business plans should incorporate learning from previous attempts and focus on addressing investors' main concerns around the executive summary, management team, and financials. Overall, the document promotes balancing thorough planning with a willingness to test assumptions and adapt plans based on real-world feedback
The business plan guide provides information on preparing a business plan including analyzing your business idea and yourself, the key components of a business plan, getting advice and support, and using the accompanying business plan template. The template includes sections for business details, registration details, business premises, organization chart, and management and ownership.
Top 4 Guides to successful Network Marketingrdchidester1
There are 4 core factors that determine success in network marketing: 1) Identifying goals and reasons for joining, 2) Deciding what commitments to make, 3) Surrounding oneself with positive people, 4) Having a strategy and taking action. Top earners have applied these principles for years. These factors address common struggles and ensure one's vision can withstand obstacles by providing purpose, energy, focus and motivation.
Top 4 Guides to successful Network Marketingnewdawn2012
There are 4 core factors that determine success in network marketing: (1) identifying goals and reasons for participating, (2) deciding what commitments to make to reach goals, (3) surrounding oneself with like-minded individuals, and (4) having a clear strategy and working the strategy. Top earners have applied these principles for years. If these factors are focused on from the start, one will find success in network marketing.
Lf business start up v1 cd ev bk 04 aprilAlex Fenton
This document provides an overview of key considerations and steps for starting a business in a foreign country. It covers topics like developing business planning skills, choosing a legal structure, registering the business, and understanding the local market. The document emphasizes adapting to the new country's culture and business environment. For example, it notes that customer needs, effective marketing strategies, and the value of skills can differ between countries. Overall, the document aims to equip entrepreneurs with basic knowledge for starting a business abroad.
The document appears to be an agenda or outline for an entrepreneurship workshop or training. It includes sections on developing a business plan, marketing strategy, 12-month planning, branding, and levels of commitment. There are also notes on expectations for participants and a formula for success involving vision and commitments. The workshop will cover various aspects of starting and running a business.
How to be the boss - Business Startup Guide for Women and Minoritiesebook Head Exposed
This document provides instructions for women and minorities on how to become the boss by starting their own business. It discusses factors to consider in deciding if business ownership is right, finding a mentor, registering the business, funding requirements, taking advantage of being a small business, and what to include in a business plan. The document is presented as a guide to help women and minorities successfully start and run their own businesses.
This document provides 15 frequently asked questions about starting and running a small business. It addresses questions about determining if someone has the right characteristics to be an entrepreneur, how to evaluate one's own skills and capabilities for starting a business, the importance of writing a business plan even without seeking financing, how to determine startup costs and expenses, the purpose and importance of financial statements, why monthly cash flow analysis is critical, ways to obtain cash to maintain and grow a business, why location is so important, how to evaluate competition, strategies for better marketing a business, what to consider when creating marketing brochures, how to improve customer service, and resources for getting answers to business-specific questions. SCORE is identified as an organization that provides free
The document discusses how to build a robust brand vision, mission, and values. It emphasizes that every business starts with a purpose and vision defined by its founder. It states that a business without a clear purpose and solid core will lack structure and meaning, and may collapse when facing difficulties. The document then provides guidance on crafting an effective vision statement by considering problems to solve, opportunities, and a transformative future solution. It advises that the mission statement should define executable steps to achieve the vision. Finally, it stresses that core values establish a business's culture and determine its long-term success by defining how employees and customers are treated.
Preview of the Book - The Mind of Business Plan
Introduction
I found a need in the market for would-be entrepreneurs who require a resource which is simple, short and to-the-point for creating a business plan. It should guide the entrepreneur at every stage of the process, while focusing on the startups. It should be able to help even the first time entrepreneurs. The most important activity in developing a business plan is to think through each point of potential business in depth then based upon that knowledge and information create a perfect write-up about the topic which would answer most of the queries of the reader. This book would help you by taking you through that process of thinking and writing.
This document provides an overview of a four-step planning model for small businesses:
1. The back-of-the-napkin plan involves identifying business opportunities and estimating start-up costs.
2. The resource plan requires researching and specifying the assets, skills, staff, and other resources needed to open and operate for six months.
3. The business plan is intended to convince investors by explaining the business plans and financial projections over three years.
4. The action plan focuses on operating the business smoothly through tasks like delegating responsibilities and growing the company.
The document walks through a case study of a woman, Sophia, applying these four planning steps to start a cell phone repair
This document provides an overview of a 4-step planning model for small businesses:
1. The Back-of-the-Napkin Plan involves identifying the expected benefits of a business idea and determining if business ownership is viable.
2. The Resource Plan requires determining the funding needed to open and operate a business for the first six months.
3. The Business Plan is a more formal written plan that is reviewed by experts and includes financial projections.
4. The Action Plan focuses on day-to-day operations and tasks, including delegating responsibilities so the owner can focus on priorities.
The document uses a case study of Sophia, who wants to start a cell phone repair business,
This document provides an overview of a 4-step planning model for small businesses:
1. The Back-of-the-Napkin Plan involves identifying the expected benefits of a business idea and determining if business ownership is viable.
2. The Resource Plan requires determining the funding needed to open and operate a business for the first six months.
3. The Business Plan is a more formal written plan that is reviewed by experts and includes financial projections and research.
4. The Action Plan focuses on day-to-day operations and tasks, delegating responsibilities so the owner can focus on priorities.
The document uses a case study of Sophia, who wants to start a cell phone repair business,
The document provides guidance on writing an effective business plan. It explains that a business plan helps owners focus their mission and goals, and is important for gaining support from investors or lenders. The summary should include the key elements of a business plan like the executive summary, core beliefs, business description, market analysis, competition, and financial projections. It stresses that business plans should be concise, backed by research, and used to measure progress rather than just being created and ignored.
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2. CONTENTS
Introduction .............................................................................. 1
What you need to succeed ........................................................ 2
Planning your marketing strategy .............................................. 3
Which structure is for you? ........................................................ 4
and finally.....The Business Plan .................................................. 5
One-stop access to help new businesses .................................... 6
One-stop business registration stations ...................................... 6
Checklists .................................................................................. 7
BASIC REQUIREMENTS ...................................................................... 7
MUNICIPAL REQUIREMENTS:
1) Zoning ........................................................................................................ 7
2) Building Permit ............................................................................................ 8
3) Business Licence .......................................................................................... 8
4) Fees, Charges & Taxes ................................................................................ 8
Other information sources
3. It’s an exciting time to start a new business in Delta.
As our local economy continues growing, new markets and opportunities open up
every day. At the same time, there have never been so many resources available to
entrepreneurs to help get their prospective business up and running successfully.
Everyone has a different reason for starting a new business. Whatever your
circumstances, if you are planning to go into business it takes time, planning, discipline,
money and perseverance. That’s a lot to consider, and you need to understand what’s
involved in the planning and preparation stage.
This booklet, published by The Corporation of Delta, pulls together information from
various sources to assist those individuals wishing to start a new business in the
Municipality of Delta. The information contained here is not all-inclusive and acts
only as a guide in contacting the individual agencies required for you to start your
new business. Direct contact should be made with these agencies to obtain detailed
information and advice.*
Obviously, this booklet is not the final word on starting a new business. There are books,
courses and Internet web sites devoted to this topic and these should be used as well.
We wish you good luck with your new business and hope we can assist you further in
the future.
Business Incorporations in Delta
559
531
506 498 499
478
451 452
429
* The information in this booklet
was compiled as of May, 2001.
However, the government
agencies providing the
information may change their
policies without notice.
1991 1992 1993 1994 1995 1996 1997 1998 1999
Source: Planning and Statistics Division, B.C. Ministry of Finance & Corporate Relations
C O R P O R AT I O N O F D E LTA - S TA R T I N G A N E W B U S I N E S S 1
4. What you need to succeed
There is no simple or standard formula for launching a successful business. However, there are
practical steps to ensure you give the business a solid foundation from which to build. Before
venturing into the business world, you’ll need to do your homework.
This means researching your idea and potential market. The first three operating years of any business are
the most critical. Survival is greatly increased by developing a thorough assessment before making the
decision to start or expand your business. Before you even think about a Business Plan, consider your aim.
Do you know the specific product(s) you wish to manufacture or market? Are there any factors that limit
you in achieving your goals?
After you have looked at the big picture, you should have a good sense of whether your idea is feasible.
Assuming that it is, you are now ready to start.
STOP!
Before you dive into the Business Plan, financing, finding the right business location, etc., you need to
assess your own capabilities, resources and characteristics. Doing so will help you focus on your strengths
and identify the additional tools, resources and skills you’ll need.
You need to ask yourself the following questions and answer them honestly.
• Do you have the time and patience to nurture a business from the ground up?
• Are you prepared to work long hours and make sacrifices?
• Do you have the creativity to solve problems or know when to ask for help?
• Are you prepared to weather the business cycles of highs and lows?
• Do you understand the risks involved in starting a new business?
• Are you aware of the consequences of failure?
• Do you have the necessary knowledge and skills?
• Are you equally at ease in a leadership role as you are about paying the invoices and doing the filing?
• Do you have a passion for your business idea?
• Do both you and your family agree that this is exactly what you want to do and understand how much
time, money, effort and personal sacrifice is required?
Honest answers to these questions will help you assess whether running your own business is still feasible.
If these answers have you thinking otherwise, it’s better to know at this stage than after you’ve spent
money. Whatever you decide, your research will not be wasted.
Now that you know about yourself, it’s time to know your market.
2 C O R P O R AT I O N O F D E LTA - S TA R T I N G A N E W B U S I N E S S
5. Planning your marketing strategy
Research
It is important to understand and evaluate the market for your product or service. The information
you gather at this point will become an essential part of your marketing strategy and overall Business Plan
and will help you target your business. Ultimately, your research will give you a good sense of whether you
can make a success of your business idea.
Take the time to learn about your potential customer base. Figure out how to develop their loyalty. Look at
who your competitors would be and what they are doing. Consider the future trends for the industry you are
about to enter. Talk to other entrepreneurs and even interview potential customers. Some of the best free
sources of information for this portion of your research may include the Delta Chamber of Commerce,
industry associations, trade journals, and government agencies and departments including Industry Canada,
Statistics Canada and BC Stats. (See inside of back cover for useful Internet website links.)
Strategy
It is up to you to find your niche and position your product/service as an alternative to your
competitors. You need to consider product/service features, promotion, pricing and distribution.
Specifically, you need to answer the following questions:
• What are you selling and what are its unique features or attributes?
• How will your product/service be different to what your competitors are offering?
• Will you offer a warranty or guarantee?
• How extensive geographically is the market for your product/service?
• How much of the market can you realistically capture?
• Who are your customers?
• Can you define your customers by age, buying habits, or other criteria? REMEMBER
• How are your customers currently being served? • Find a market niche.
• How will your potential customers find out about your business? • Know your customers.
• Will you actively promote your business or rely on word of mouth? • Customer service is key.
• How does the competition promote itself? • Know your competitors.
• What will be the price of your product/service?
• Price strategically.
• Do you want your price to indicate high-end, moderate or inexpensive?
• Promote your business.
• How will you distribute or deliver your product/service?
• Will your customers come to you or will you go to them?
• Will you sell directly to customers or sell through a distributor or retailer?
Customer service and price are the keys. Happy customers are your best advertising. The right price
will attract customers, but you must remember your break-even point – the per unit cost of
production against the price you need to charge to recover that cost.
C O R P O R AT I O N O F D E LTA - S TA R T I N G A N E W B U S I N E S S 3
6. Which structure is for you?
Sole Proprietorship:
An unincorporated business owned by one person, called a “proprietor”. The owner does not have separate
legal status from the business (although the business itself may have to be registered) and pays personal
income tax on the net taxable income generated by the business.
ADVANTAGES DISADVANTAGES
• Simplest and least expensive to set up, • You’re on your own
minimal registration requirements • You assume all the risk of the business, you are
• Inexpensive to maintain responsible for payment of all business debts;
• Proprietor owns the profits and runs the creditors can seize your personal assets
business • Possible tax disadvantages:
• Possible tax benefits: i.e., losses may be i.e., profits must be added to personal income
applied against other income of proprietor
Partnership:
An association or relationship between two or more individuals or corporations that join together to
operate a trade or business for profit. Partners include their share of income or losses on personal or
corporate income tax returns.
ADVANTAGES DISADVANTAGES
• Easy to set up and very flexible • If disagreements arise, business can suffer
• Partners provide additional capital • Partners assume personal liability for debts
and skills of the business
Incorporation:
A separate legal entity that can enter into contracts and own property, separately and distinctly from its
owners who are the shareholders. A corporation must pay tax on its net taxable income and file its own
income tax return. A corporation can be federally or provincially incorporated.
ADVANTAGES DISADVANTAGES
• Limited liability of the owner(s) – liabilities • Paperwork required to meet regulations
generally limited to individual’s personal can be onerous
investment in the business • Tax rules can be complex
• Money for the business can be raised by • More expensive and complicated to set up
selling shares (equity) or by issuing debt and maintain
(a promise to pay)
4 C O R P O R AT I O N O F D E LTA - S TA R T I N G A N E W B U S I N E S S
7. and finally.....The Business Plan
Proper planning for your business – financial, operational,
marketing, managerial – is key to turning your idea into reality.
To enhance your probability for success, it is very important to take
the time to put your thoughts and intentions down on paper. The
resulting Business Plan becomes a roadmap that explains your
overall strategies and objectives in words and numbers.
The two main reasons for a Business Plan are:
1) to provide support for a financial loan application; and,
2) to provide management with a written document that
provides the framework for making appropriate and consistent
business decisions.
There are many resources available on exactly how to prepare a
Business Plan. You should avail yourself of them at this point. You
may want the assistance of an accountant, a lawyer or a financial
advisor, but remember that the Business Plan must reflect your
own thinking. This will ensure that the Business Plan is an
important term of reference for you at the outset and on an
ongoing basis in the future.
While the information to be included in your Business Plan can be as detailed or as informal as you
like, it should cover the following broad categories:
• Definition of the Business • Product/Service Description
• Market Analysis • Marketing Plan
• Operations/Production Plan • Financial Plan
• Legal Factors • Description of Management Team
Your content in each of these categories should be concise, honest and
in plain language, using tables, graphs and illustrations as necessary.
The body of the document should tell the basic facts, while details such
as financial statements and management biographies should be placed
in appendices.
Remember that the Business Plan should be revisited regularly in
order to monitor your company’s progress and then should be
revised accordingly.
C O R P O R AT I O N O F D E LTA - S TA R T I N G A N E W B U S I N E S S 5
8. One-stop access to help new businesses
The Canada/British Columbia Business Service Centre is a joint In addition to physically visiting the Centre, you can receive
venture between the Government of Canada (Western Economic information and advice via the following channels:
Diversification) and the Province of British Columbia (B.C. Ministry
of Small Business, Tourism and Culture). It is a resource centre Telephone: (604) 775-5525 in Greater Vancouver
where you can get information about starting a new business,
entering new markets, accessing government programs and Telephone: 1-800-667-2272 toll free in B.C.
services, taxation, and regulations – all from a single, unified Fax: (604) 775-5520
source.
Website: http://www.sb.gov.bc.ca
The Centre is open for public visits to use the libraries, talk
with Business Service Officers or meet with taxation and Infofax: (604) 775-5515 in Greater Vancouver
statistics specialists. You can visit the Centre between the hours
1-800-667-2272 toll free in B.C.
8:30 am and 4:30 pm, Monday to Friday, at:
Infofax is a collection of concise overviews of business-related Federal and
Canada/B.C. Business Service Centre, 601 West Cordova, Provincial programs. By using your touch-tone phone, you can have these
overviews sent to your fax machine 24 hours a day, 7 days a week.
Vancouver, B.C. V6B 1G1
One-stop business registration stations
Entrepreneurs in Delta starting a new business can complete For a person looking to start a new business in Delta, these
five of the most commonly required applications from a single workstations provide a user-friendly computer program that:
computer workstation in many locations throughout the
• Helps determine the forms that you need to complete for your
Province. You will be able to complete at one time, in one
business
location, in less than one hour, the following applications:
• Eliminates travelling to different offices and locations
B.C. Corporate Registry • Speeds completion and submission of single and multiple
Business Name Registration (for General Partnership or Sole government forms
Proprietorship only)
To locate the closest One-Stop Business Registration
B.C. Consumer Taxation Branch workstation, contact the Canada/B.C. Business Service Centre at:
Provincial Retail Sales Tax Vendor Permit
(604) 775-5525 in Greater Vancouver
Workers’ Compensation Board
or
Employer’s Registration Application and Personal Optional
Protection 1-800-667-2272 toll free in B.C.
Canada Customs & Revenue Agency
Business Number accounts for GST, corporate income tax, payroll
deductions, and import/export
6 C O R P O R AT I O N O F D E LTA - S TA R T I N G A N E W B U S I N E S S
9. Checklists The following is a checklist of basic requirements for starting a business, followed by a
checklist of factors you need to consider when deciding where to locate your new business.
BASIC REQUIREMENTS: Employees’ Rights: To ensure that all British Columbia
workers receive at least a minimum standard of pay and
Develop a business plan. working conditions, the provincial Employment Standards
Act and the federal Canada Labour Code have been
Register your business name with the Provincial Corporate
enacted. As an employer you need to be aware of these
Registry. (tel: (604) 775-1044)
standards and rights. (tel: 1-800-663-3316)
Special Regulatory Licences: Many businesses including
retail and service outlets, restaurants, manufacturing and
Workers’ Compensation Board: This is a two-way protection
processing operations may be subject to special regulatory
system funded by employers. While employers receive
licences. In these instances, obtaining a Municipal Business
immunity from lawsuits of workers with an occupational
Licence (see “Municipal Requirements” below) may not be
injury or disease, the system provides workers with rules and
enough to legally operate your business. Check whether you
regulations to improve job health and safety and
need a special regulatory licence. (tel: (604) 946-3380)
compensates for lost wages resulting from occupational
Retail Sales Tax: A 7% retail sales tax rate must be added injury or disease. To understand your obligations as an
to most purchases of goods in British Columbia. This tax is employer contact the Workers’ Compensation Board.
collected from the end consumer by the vendor. Vendors (tel: (604) 273-2266)
must collect and remit this tax, and therefore, must apply to
receive a registration certificate. (tel: (604) 660-4524)
MUNICIPAL REQUIREMENTS:
Goods and Services Tax: The majority of goods and services
sold or provided in Canada are subject to the 7% goods and For information regarding any of the municipal issues listed
services tax. Every business or organization engaged in a below, you can call Delta’s Community Planning and
commercial activity with annual sales and revenues greater Development Department at (604) 946-3380.
than $30,000 must be registered with Canada Customs and
Revenue Agency. (tel: 1-800-959-5525) 1) Zoning:
Excise Sales Tax: If you manufacture certain goods (e.g., Zoning of each property in Delta is determined by Delta’s
jewelry, automotive air conditioners, unleaded gas, tobacco) Zoning Bylaw. Before you purchase or lease a property for
and your revenues from these goods exceed $50,000 your new business, ask yourself the following:
annually, you must operate under a manufacturer’s Excise
Tax licence. (tel: 1-800-959-8281) Does Delta’s Zoning Bylaw allow for the type of business
that you are contemplating to be on the chosen property?
Customs Duties: If you are importing goods from outside
Canada, you’ll need to make yourself aware of federal Does Delta’s existing Official Community Plan designate a
customs duties which may be levied. Before commencing different future land use for the property?
shipments from abroad, obtain a ruling on the classification,
Does the property need to be rezoned to enable the
rate of duty and valuation. (tel: 1-800-461-9999)
anticipated business use to conform? If so, what time span
Source Deductions: Businesses are required to remit Canada is involved and what is the cost of such a rezoning?
Pension Plan contributions, Employment Insurance
contributions and both federal and provincial Income Tax
deductions from employees’ pay cheques. You’ll need a
Business Number for remitting these mandatory deductions.
(tel: 1-800-959-5525)
C O R P O R AT I O N O F D E LTA - S TA R T I N G A N E W B U S I N E S S 7
10. Checklists (continued)
Depending on the type of business, do you need approval or 4) Fees, Charges & Taxes:
commentary from any of the following:
Among others, the fees that may apply to your new business
• Greater Vancouver Regional District? location include:
• Fraser River Estuary Management Program? • Building permit fee • Development permit fee
• South Fraser Health Region? • Subdivision permit fee • Servicing agreement fee
• Delta Fire Department? • Rezoning application fee • Development cost charge
• Delta Police Department? • Sewer hookup fee • Water hookup fee
• Delta Engineering Department?
• Delta Community Planning & Development Department?
2) Building Permit:
When setting up your new business, if your property
undergoes construction, reconstruction, alterations, additions
or change of use, you will need to obtain a building permit
from the Municipality of Delta. A building permit ensures that
the proposed new business location complies with the B.C.
Building Code and all other municipal by-laws. Once an
application is submitted and a building permit is issued, the
construction may proceed, subject to inspection at various
stages.
3) Business Licence:
Each business operating in Delta – even those located in
private residences – must have obtained a municipal business
licence. This licence must be renewed each year. The fee
structure and types of licences required are determined by
municipal bylaws. Applications are available from:
Delta Municipal Hall
Building & Licences Division
4500 Clarence Taylor Crescent
Delta, B.C. V4K 3E2
Telephone: 604-946-3380
8 C O R P O R AT I O N O F D E LTA - S TA R T I N G A N E W B U S I N E S S
11. OTHER INFORMATION SOURCES
Aboriginal Business Canada www.abc.gc.ca
BBB of Mainland British Columbia www.bbbvan.org
British Columbia Chamber of Commerce www.bcchamber.org
Business Development Bank of Canada www.bdc.ca
Canada Customs & Revenue Agency www.ccra-adrc.gc.ca
CanadaOne www.canadaone.com
Canadian Federation of Independent Business www.cfib.ca
Canadian Food Inspection Agency www.cfia-acia.agr.ca
Canadian Franchise Association www.cfa.ca
Canadian Venture Capital Association www.cvca.ca
Canadian Youth Business Foundation www.cybf.ca
Community Futures Development Corporations www.communityfutures.ca
Environmental Assessment Office www.eao.gov.bc.ca
Export Development Corporation www.edc-see.ca
Farm Credit Canada www.fcc-sca.ca
Human Resources Development Canada www.bc.hrdc-drhc.gc.ca
Industry Canada www.strategis.ic.gc.ca
Land Reserve Commission www.icompasscanada.com/lrc
Ministry of Small Business, Tourism and Culture www.gov.bc.ca/sbtc/
National Research Council www.nrc.ca
Retail Council of Canada www.retailcouncil.org
Statistics Canada www.statcan.ca
Western Economic Diversification Canada www.wd.gc.ca
Women’s Enterprise Society of British Columbia www.wes.bc.ca
Workers’ Compensation Board www.worksafebc.com
12. For more information on starting
a new business in Delta, contact:
The Corporation of Delta
4500 Clarence Taylor Crescent
Delta, British Columbia
Canada V4K 3E2
Tel: (604) 946-4141
Fax: (604) 946-3390
www.corp.delta.bc.ca