Business Plan

The much anticipated Black Entrepreneurship Program (BEP) opened the applications for Black Entrepreneurship Loan Fund.  The Black Entrepreneurship Loan Fund Program is an umbrella program under the BEP. Under the BEP, the Government of Canada partners with different financial institutions and Black-led organizations. The loan fund, also contributed by the Government of Canada, can be accessed...

A business plan plays a key role in the decision-making process for its internal and external users. The very first challenge entrepreneurs face is the writing of this business plan. Unfortunately, sometimes it looks like such a daunting task that it becomes the reason for procrastination to start the business. Finally, when a business plan is written, the market realities in today’s...

Pitching is about hitting the bull’s eye to get that ‘YES’ from investors. But it’s not that simple! Did you know 90% of start-ups fail? Yes, and, it’s the percentage of pitches that fail more. Avoiding common pitfalls while preparing your pitch deck can save plenty of things right off the bat. Coming up with a killer pitch deck is imperative to secure the right...

For a while, Silicon Valley in the United States has been a Research and Development hub in the world. Well, that may change soon. According to the 2019 global technology innovation report, the US and China grab the topmost place in the list of emerging research and development hubs. 58% of respondents to the survey conducted by the KPMG thought that silicon will not be the innovation centre...

Lenders and investors need to see the potential in a business and the credibility of those presenting before they invest in an idea, just like you would do thorough research before buying a house or a car. This is what makes business plans extremely useful and critical to raise loans and investments.  Even a small mistake in the business plan can cost you your potential investments. Lenders...

COVID-19 Economic Crisis is a historical event in making! In the future, this economic event of 2020 is going to be referred to alongside the great recession of 1932 and 2008. This will be always a case-study for how diseases and epidemics affect globally connected economies. COVID-19 crisis has certain unique differences from the previous global recessions. Whilst the 2008 crisis was...

How Small Businesses and Entrepreneurs can take advantage of COVID-19 situation – a Positive Perspective There is no doubt about the economic damage inflicted by COVID-19. It has wiped out the savings and growths in investment portfolios, bashed the seniors by wiping lifetime savings and gains in their RRSPs on top of health issues, sent the non-essential workforce to home, and put the...

An executive summary is a must for your business plan. In fact, it’s what your business plan begins with, capturing the essence of your business concisely. It highlights the main points of your business plan and includes key objectives and purposes. Getting your executive summary right is crucial. The summary should make investors curious to know more about your business. However, the...

When you are writing your business plan for a startup or an established business, you need to be clear about your audience. Who are you selling it to? Who are your ideal customers? You need to take a look at everything from the demographics to the psycho-graphics and even the special characteristics, if any, of the audience in question. When done right, the market analysis section of your...

Preparing a good business plan is a time-consuming task that requires dedication and far-sightedness. Many entrepreneurs choose not to craft a business plan before going ahead with the execution of their idea since it is a time-consuming affair. However, research has shown that business plans can give positive returns in the long run, ensuring your business does do more than just staying...