1. Presented by Roger Pierce NewcomerStartup.com 1

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

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

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

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

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

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

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

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

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

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

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

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

14. Free advice at NewcomerStartup.com 14