Make sure to survey more than your personal network of friends and family when conducting your research.Like the rest of your business plan, your market research should be periodically reviewed and revisited anytime you need to make major business decisions.
Industry publications, associations, think tanks and university research are also good sources of information.
Also consider contacting a Canada Business Network centre to see if they could help you find what you’re looking for.
Your business plan is a crucial document for your new company.
It says who you are, describes your business and shows how you will become profitable.
You can use BDC’s free business plan template to guide you as you write your plan.
The Canada Business Network also offers a guide to writing your business plan as well as good examples of industry specific business plans.Help secure financing from lenders and investors 2. Recognizing that the business plan is a dynamic document, VSP also provides ongoing support beyond the plan’s initial preparation.VSP can help turn this plan into an action plan and facilitate implementation.A properly formulated plan can help you gain the confidence of lenders, investors and other stakeholders.As such, it should show you’re committed to your business and have the skills, knowledge and confidence to achieve your goals.They are imperative for start-up companies but also very important for businesses operating in high growth, mature or declining industries. Document the achievement of forecasts ad projections 8.A business plan may be required for the following reasons: 1. Clarify business objectives, risks and strategies Without a business plan the chances of success are greatly diminished and the likelihood of a catastrophic failure is more likely. With VSP, you will work directly with experienced professionals with the expertise and credentials required to help prepare or update your business plan.For a general introduction to marketing concepts, consult BDC’s article “A .The idea is that not everyone will have the time to or be interested in reading your business plan.Ink Seal is a group of highly-experienced technical and business plan writers and consultants based in Toronto, Ontario, Canada.Our team is capable of providing an endless sea of writing, marketing and design services for all types of companies and creative projects within a wide range of industries.