Creating a business plan is an important step to ensuring the success of a business. A well-thought out projection and plan will help shape your business and build the resilience needed to understand potential risks before they prove to be a threat. A business plan can be used as a management tool and should anticipate changes in the marketplace, measure the impacts these changes could have on the business, identify risks and formulate contigency plans. Not only will a business plan strengthen your business for the future, it will give prospective lenders or investors the means to determine whether your company is a good risk or a suitable investment.
Bring your business plan to HCDC and we will review it with you to help ensure it is prepared in a way that will make it effective as a continuing strategic business tool.
If you are interested in writing a business plan for a new or existing business, there are different documents below that offer step-by-step guidance through the business planning process.
Business Development Bank of Canada has a wide variety of resources available for growing businesses.
This segment talks about the importance of planning - How can you position your company to survive and thrive? Part of the answer is to lay the foundation for growth by planning and focusing on the right elements in your business, as shown in this 2½-minute animated video.