7 tips to start a business
Ever dream of selling your own brand of pink flamingos to the world? Rest assured, our friends at BDC have you covered with these 7 tips to start your business successfully!
By Simon Trudel-Lachance
And just like that…
you could be your own boss.
7 tips to help launch your business.
1. Find the right audience
• Study your market
• Utilize a specialized research company
2. Build your dream team
• Surround yourself with experts for every function.
• Think about outside resources.
3. Establish the road ahead
• Make a list of short, middle, and long-term goals.
• Don’t lose track.
• Consider the growth factors.
4. Keep your finances in check
• Watch your cash flow.
• Know the expectations of your investors.
5. Have good
time management
• Use your business downtime to develop your network.
• Attend trade shows.
6. Mind the technicalities
• Decide the legal name, your accounting system, comply with health and safety measures in your area.
• Set the roles of every owner.
• Patent and/or trademark I.P.
7. Have a bulletproof business plan
• Have a plan that is concise, specific, and represents your vision.
• Get help from professionals and senior business owners.
• Show financial institutions that you are the one.
BDC supports small and medium-sized businesses in all industries and at every stage of growth with money and advice.
FOR MORE INFORMATION AND RESOURCES VISIT THE BDC WEBSITE
ABOUT THE AUTHOR
Simon Trudel-Lachance
PIB — Sponsorship & Membership coordinator / Content Writer
Pride In Business article in partnership with TD.
By Simon Trudel-Lachance
Pride In Business article in partnership with TD.
By Simon Trudel-Lachance
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