Category: Business Planning

Are you ready for entrepreneurship? Is business ownership for you? Before you take the leap it’s important that you understand the realities of starting and running a business. Most articles on this topic will warn you about the lack of a predictable paycheck, the need to take risks, and the importance of internal motivation. I […]

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If you’re seriously looking at self-employment, you’ve likely begun to add up some strong reasons for embracing the change that’s beckoning you. From the wrong angle, that little crevasse in your way begins to look like the Grand Canyon. If you want to start a business but can’t seem to make that final decision, try […]

Do you get up a few minutes early in the morning to brew your own coffee, or sleep a little later and then whip through a drive-thru for your morning pick-me-up? The next time you go through a drive thru for that cup o’ joe, picture your financial strategy shouting and waving its metaphorical arms […]

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Sole proprietorships, general partnerships and corporations aren’t your only options when you’re considering the right structure for your business. If you’re exploring social entrepreneurship, you may have heard of Co-operatives, Community Contribution Companies (C3 or CCC), Not-for-Profit Societies and Charities, but how do they differ and which one is right for you? Read more to […]

The biggest obstacle to achieving success is you. The truth is: we are unique individuals. There is no one else like you. And equally as unique, is your contribution to the world. When you truly understand this, you can become as successful as you dare to. Sabotage is the critical voice behind our procrastination, excuses, […]

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 […]