Determine where there’s opportunity to turn your idea into a successful business

Gather information about potential customers, competition, and economic conditions in the area you plan on launching your business

Will you be different from what’s already out there? What's your competitive advantage? How will you stand out? 

This is your roadmap to success. It’s the document that allows you to outline your structure as well as your operational, marketing, and growth plans

Highlight your strengths, weaknesses, opportunities, and threats (SWOT)

Use our Commercial or Agriculture Business Plan templates to get started

Start-up costs are one-time costs such as security, utility deposits, licenses, permits, and equipment

Working capital is money needed to keep your business running and manage fluctuations in cash flow

Explore funding options. There are investor groups and other sources of loans to start a business

Include business location in your costs – whether you’re in a physical location or online there will be associated costs to consider

The Canadian Small Business Financing Program is a collaboration between the Government of Canada and financial institutions

Helps new businesses get started

Allows established firms to make improvements and expand

Term loans

Determine the specific pricing strategy you will need to use to cultivate success

Consider what your total costs are and what your customers are willing to pay