Business Plan Essentials
The time it takes to plan for the future is time well spent at any stage in the life of your business. A business plan is a blueprint for the future of your business.
Long-Term Goals: Succession Planning
Sooner or later, every entrepreneur must consider long term business goals: this includes the question of transferring business ownership.
Personal Strengths and Weaknesses
Studies conducted by BMO Bank of Montreal Institute for Small Business have identified six critical abilities contributing to the success of small business in Canada.
Setting up a Business Account
There are many different types of business accounts:
- some offer interest on daily closing balances
- some operate like savings accounts and do not offer cheque return
- some are "Plans" with bundles of services for set monthly fees.
Sources of Capital
Businesses receive capital from a wide range of sources, banks being only one of them. After looking at your financing proposal, your banker may suggest alternate sources of capital.