Category: Business Planning

In my last blog I discussed why it important to work on your Start-up costs, business competition and customer acquisition in order to create a successful business. Let us look at product inventory and legal regulations in this blog. 4. Building product inventory Do as much research as you can, then stock your literal (or […]

There are many details to consider and seemingly endless tasks to keep organized after the initial excitement of being your own boss and keeping your own hours has faded. Here are 5 things to consider when creating a business of your own: 1. Startup cost The startup cost of your business depends on the type […]

Personal branding is not just a buzz word anymore. Everyone has a personal brand either by design or by default which is created by the society and the environment we live in. If you are a female entrepreneur like I am, I suggest you take some time to create and sustain your personal brand. You […]

In Part 1, I talked about your company’s marketplace positioning being a good starting point to brainstorming your business name. Now, let’s consider a few practical matters. 4. Legal structure This topic of legal business structures and their effect on business name registration and protection was covered in a recent Women’s Enterprise Centre blog post. […]

You have a great idea, enough cash to get started and the determination to make your venture a success. But what should you name your new company? Here are a few things to bear in mind when naming your new business. 1. Brand positioning What do you want the name to communicate about your products […]

“The major assignment is due on Monday, and, I won’t lie, it requires a lot of work.” Wide open eyes, deep silence, I could already hear my students’ heartbeats accelerate. 1. Panic This was happening during one of the classes I teach at a College. My students were panicking. The assignment was meant to stimulate […]

You’ve decided entrepreneurship is the path for you. Now what? Successful start-ups don’t just happen, and it’s time to lay the foundation for your new enterprise. Too many budding entrepreneurs are seduced by stories of million dollar businesses sketched on the back of cocktail napkins, or mistakenly worry that they must “wear all the hats,” […]

Small business ownership, creating your own job, becoming an entrepreneur—no matter how you say it, controlling your own success is very popular and very tempting. Yet, is this the right path for you? Are you ready for entrepreneurship and all it includes? Find out by honestly answering these questions. Do I have a great idea […]

If you’re like many creative types, you have a ton of ideas sprouting like seeds inside your head and new ones burst out on a daily basis. One of the first steps to creating a business is to get those ideas out of your head and down on paper. Writing ideas down makes them more […]