Planning vs Doing: The Best Way to Start a Business

There are lots of different ways to start a business, and lots of different types of people who start them.

Some people, for example, are planners. They like to start with a carefully considered...

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Types of Business Plans

Business planning can mark the start of a business, or simply be another step in the process of refining your idea. 

No matter what style your plan is, the goal is the same: to collect...

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Why Planning Matters

Starting a business can be both exciting and scary.

If you're thinking seriously about starting a business, you probably have lots of questions about whether and how your business idea will...

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Choosing a Legal Structure for Your Canadian Business

Most Canadian businesses are sole proprietorships, partnerships or corporations.

Each of these legal forms has specific implications for taxes, paperwork, administrative requirements, personal...

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2 Quick Ways to Assess a Business Idea

Got a business idea? The next step is to figure out if your idea is viable. And, equally important: is it the right business for you?

Here are two simple, fast assessments to help you decide...

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From Idea to Action: Testing Your Business Idea

Every business begins with an idea.

Ideas excite us. They motivate, compel and sustain us, giving us the energy to propel ourselves forward. But our ideas can also blind us. We get attached to them...

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10 Tips for Naming Your New Business

If you're starting a business, one of the first things you'll need to think about is what to call it. But don't rush -- your name is your calling card, and it will be hard to change it later. ...

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Defining Your Business Mission

What’s the soul of your business? Your mission statement. 

A good mission statement defines the values your business embodies, its personality, its approach to customer service, and its...

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What Kind of Business Do You Really Want to Build?

Just because a business has the potential to be successful, doesn’t mean it’s the right business for you.

Consider what kind of business you really want.

  • A modest, manageable business?...
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Financing Your Small Business: Debt vs Equity

Wondering how to finance your new business? There are basically two kinds of options: debt and equity. 

Debt financing is borrowing money from an outside source. You have to pay the money...

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