Designing a business without a plan is a bit like navigating a new place without a map. It’s hard to know which road to follow and you’ll likely take a wrong turn or two. Luckily, there are tools to help you plot the pathway to business success. Introducing the Business Model Canvas – a creative compass that allows you to design, visualize, analyze, and describe your business.
Blog Category: Startup
It seems intuitive: work with other small businesses to help grow yours.
When you first take the plunge into starting your own business, you are going to be on the lookout for others in a similar situation. The urge may be to reach out to other small business owners with ideas on how to collaborate. You then follow larger businesses on social media for inspiration. At first you will find comfort in it. You will meet other entrepreneurs and work together to grow your reach on social media and your visibility in the community.
Whether you’re getting ready to launch your own business or just wanting to better your financial situation, seeking credit counselling is always a good idea. However, we know that when it comes to talking about your money, it can be a bit of a sensitive topic.
Finding and securing financing is an important part of starting any small business. You need money to be able to start, operate, and eventually grow your operations. But when it comes to small business grants, there are a lot of misconceptions and even inaccurate information out there. There really isn’t any free money, but there are specific programs or incentives that may be able to assist very select types of businesses. Get your notebooks out, we’re giving you some handy grant tips!
The ‘one-stop-shop’ saying is sometimes an overused cliché, but for the instance of the Alberta Government’s Self Employment “SE” program, it is an accurate descriptor. With funding support from both provincial and federal governments, these 26 week training programs are amazing incubators and catalysts for aspiring entrepreneurs across Alberta. With the objective of training and mentoring unemployed and marginally employed Albertans who have a viable business idea, the SE program has seen great success rates over the
So you’ve developed this mind blowing business idea but could use a little extra boost to take it to the next level. You’ve exhausted the traditional lending route: seeking assistance from family and friends, using your credit card, and of course taking out a personal loan from your bank. However, the traditional route was not as successful as you had initially hoped. But before you go wishing for a fairy god parent or a humble (but generous) money tree, this may be a good time to explore what crowdfunding could do for your business.
This past month has been an exciting and eventful month for us as we hosted and participated in many business events across Alberta. Our team had fun helping entrepreneurs of all stages get the information they need to build and maintain successful businesses. We offered advice on everything from taking your first steps into entrepreneurship to surviving natural disasters that affect your operations. Take a peek at where we went, what we did, and who we met!
Growing Your Business with Guidance
When we think about an entrepreneur, some of us visualize a lone wolf learning from his/her own mistakes, growing at a slow and steady space. We may think entrepreneurship is about making decisions with unpredictable outcomes in hopes it leads us to success and to some extent, this is true, but not always the case. There will be obstacles to be conquered along the entrepreneurial journey but thankfully, it never has to be a lonely one.
After a few years of toiling hard on your small business- sticking through it in every challenge and victory- you've successfully grown it to a size that requires a little more hands on deck to keep afloat. While getting your business to this stage is a major achievement, you may be feeling overwhelmed with the common conundrum: do I hire employees or independent contractors? The first step: don't panic!
The summer's heating up and all the hot business ideas just keep rolling in! Are you ready to get down to business and begin looking at the official steps to operating your startup? If so, there are a number of essential tasks that you'll want to familiarize yourself with and complete before you start selling to your first client or customer.