Presented by Roger Pierce NewcomerStartup.com 1.  Supportive government  Entrepreneurship culture  Affordable  Access to US market  Diverse population.

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Presentation transcript:

Presented by Roger Pierce NewcomerStartup.com 1

 Supportive government  Entrepreneurship culture  Affordable  Access to US market  Diverse population = opportunities 2

 Control your destiny  Pursue your passion  Earn a lot or a little money  Make a difference  Be the boss 3

 Long hours, stress  Financial risk  Takes time to get going  Responsible for others  No guaranteed income 4

 Passion  Ambitions in life  Work preferences  Personal priorities 5

 Personal goals  Financial goals  What will your business achieve?  Who will it serve? 6

 3 ways to enter business: 1.Buy one 2.Buy franchise 3.Start one  Research your idea ◦ Customers, competition  Decide 7

 Write a Business Plan  Calculate Startup Budget ◦ Capital costs + ◦ Operating costs x 6 months  2 years & 10 pages 8

 Savings  Friends & family  Banks  Investors  Programs  Customers & suppliers 9

1. Professional advisors (banker, lawyer, accountant, coach) 2. Peer advisors (entrepreneurs, mentors, colleagues) 3. Paid help (employees, suppliers, freelancers) 10

 Set it up  Open for business  Promote it  Focus on selling  Learn, adjust, grow 11

 Spending too much  Overestimating revenue  Waiting for customers to find you  Doing it all yourself  Working in your business 12

 Canadabusiness.ca  Getgrowingforbusiness.com  Bizpal.ca  Cfa.ca  Entrepreneur.com 13

Free advice at NewcomerStartup.com 14