Eleanor Wong, Vancity's Program Manager in Financial Literacy, shares tips on how to write a clear objective that includes your business vision, mission and values.
A SWOT analysis is a simple way of identifying your business' internal strengths and weaknesses and its external opportunities and threats.
This business plan: Are you new to business planning? This document lays the groundwork of your venture and is as detailed as possible.
It should answer all the relevant questions, mainly how you will make money from the business.
We see hundreds of business plans each year from new and aspiring entrepreneurs.
And from that experience, we know there are five areas in the business plan that entrepreneurs may not spend enough time on.
The devil is in the details as written out in your business plan.
Get dibs into these tips on business planning to help you turn your idea into a lucrative venture.
Many entrepreneurs believe that their business is so unique that there is no competition, but this is incorrect.
As an entrepreneur, it’s important that you have full confidence in your business, but, it’s critical that you actually test the market potential of your business.