Classes of shares? Maximum number of shares? Directors? Many a Business Link client has called expressing frustration in trying to set up their own corporation. And while we strongly recommend you utilize the services of a lawyer to fill out this important documentation, that shouldn’t stop us from giving you a little background into the form and what you should be considering for the birth of your corporation.
Blog Category: Startup
Let it be said right away, entrepreneurship is difficult for everyone whether you are an immigrant or not. However, it is fair to say that it is even harder for immigrant entrepreneurs as they face specific challenges in addition to those shared with Albertan-born entrepreneurs.
Despite the fact that nonprofit organizations have been part of our daily lives, directly or indirectly, for a very long time, there are still many myths and misconceptions about who they are and what they do.
Unfortunately, these misconceptions have a negative impact on the public's conception of governance, the recruitment of volunteers and staff, the use of funds, the expected results, and ultimately the success of these organizations.
My ten years of experience helping people start and grow businesses, nonprofits, and social enterprises in Alberta allows me to witness one of the most common mistakes made by would-be social entrepreneurs. Most of them tend to confuse social enterprise with nonprofit or corporate social responsibility and therefore focus more on their social mission than a sustainable, profitable business model during the planning process.
Here are my top 5 tips for starting a successful social enterprise.
At Business Link, we get a lot of questions about money. Quite often those questions are about how to get money to buy essential equipment needed to start a business. There are currently no grants for this type of activity, but there might be some paths you can take.
A few months ago, we brought you the scoop about what market research is, and how you can use secondary data in your business. Now that you’ve mined the internet for everything it's worth, it is time to consider engaging in some primary market research as well.
A lot has changed since we last spoke with Aretha Greatrix a year ago. We recently had the opportunity to catch up and chat about what she’s been up to. Her previous project, a documentary titled Journey Towards Reconciliation, is now released online and available for viewing. Aretha has also transitioned from working for someone to being self-employed full time, which allows her to focus on her business: Miyo Pimatisiwin Productions.
Do you have a great business idea? Maybe you’re a baker, jam maker, gardener or crochet artist. Farmers’ markets are a great place to start selling your product.
A research report released in 2017 by Alberta Agriculture and Forestry indicated that Albertans continue to flock to farmers’ markets with 78 per cent of households in Alberta making at least one purchase from a farmers’ market in 2016.
If you have a business idea or an idea that you want to turn into a business, using the Business Model Canvas as a tool to assess the viability of that business idea is critical. Every successful entrepreneur has gone through a similar exercise, so if you're not convinced yet, let me show you how the Business Model Canvas can help you assess the key areas in your business and their potential for success.
Now that the holidays are over, it is time to launch right back into our routines and begin planning for the rest of the year. For a lot of people, that means making New Year’s resolutions. Whether you plan to exercise more, spend more time with loved ones, or take that big trip you’ve been planning, a new year always brings the feeling of an opportunity to make a fresh start. While you’re making resolutions for your personal life, it’s a good time to consider what you want to achieve in your business as well.