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


PRIDE IN BUSINESS PARTNERS