Make A Business Plan

Once the intellectual property has been secured and a business entity has been created, next comes the stage where one looks at developing a strong business plan. The shape of the company overall and how it will be managed going forth is an important decision. Whether the company will be a corporation, a sole proprietorship, or a partnership, the company will need to have a strong foundation to support its ongoing efforts. Your choice can also have an impact on liability and tax obligations, so it is important to choose wisely and do your research.

• What will your company look like? Who will be in charge?
• Your business will need to be registered which includes a name search to ensure that your company is as unique as you are.
• What will your overhead or operating costs look like?
• How quickly will you be able to turn a profit?
• What is your vision for the first 6 months, 1 year, 2 years, 5 years?

Business Plan Resources:

Startup Cost Calculator

Smallbiztrends.com offers a free start-up cost calculator that can help you get a better idea of what your costs might look like. They also offer some excellent questions that a new entrepreneur needs to ask themselves as they establish what their organization will look like and how to take the next steps.

Cornwall Business Enterprise Centre

Offering free business consultations by appointment, the CBEC also has a library of resource materials and topical pamphlets. They also have support programs for businesses and young entrepreneurs.  The CBEC also offers seminars and workshops as well as other opportunities for networking with the local business community.

Government of Canada Business Resources

A comprehensive collection of resources from the Government of Canada featuring information on permits, licenses, intellectual property, business support and how to sell to the Government.

Launch Lab Regional Innovation Centre

A launchpad supporting local entrepreneurs through a network of community affiliates who can provide business advice, help guide ideas, and building a sound business plan.