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12 REASONS WHY NEW BUSINESSES FAIL - Click To Read Article
Thirty three percent of all new businesses will fail within the first 6 months. Fifty percent will fail in the first 2 years and 75% within the first 3 years. This article identifies the leading reasons for business failures.
The 9 Stages of a Business - Click To Read Article
All companies go through various stages in their business “lives”. This article identifies and discusses the characteristics of each of those stages.
HOW TO APPROACH YOUR BANKER - Click To Read Article
When starting a business, most people think of borrowing money from a financial institution – a chartered bank, a caisse populaire or a credit union. Here are the steps that should be taken when approaching your financial institution for a loan.
Sources of Funding For Your New Business - Click To Read Article
You have decided to start a business, but require some form of financing. What are those sources. Where can you go to obtain funds. This article identifies the most common sources of funds for new business owners.
7 STEPS THAT YOU MUST TAKE BEFORE YOU START YOUR BUSINESS - Click To Read Article
You have decided to go into business for yourself. Congratulations.
You should however be aware that a great number of new businesses do not succeed. According to Dun & Bradstreet and INC. magazine, 33% of all new businesses will fail within the first six months. Fifty percent will fail within their first two years and 75% will fail within their first three years of operation.
This article will help you to “bullet proof” your business before you start in order to increase your chances of success.
So You Want to Start a Business - Click To Read Article
So you want to start a business. Before you charge down that path, step back for a moment and ask yourself why are you starting this business?
HOW TO WRITE AN EFFECTIVE BUSINESS PLAN - Click To Read Article
You have decided to start your own business. However, you realize that you will have to borrow some money. Financial institutions or third party lenders will insist on seeing a copy of your Business Plan before agreeing to any kind of loan. This article details how to write a business plan that will impress any prospective lender.
Naming Your New Business - Click To Read Article
One of the first things that has to be done when starting any business is to pick a name.
This article provides tips to assist you in selecting a name.
Structuring Your New Business - Click To Read Article
There are three possible legal structures to any business: a sole proprietorship, a partnership or an incorporated company. Which is best when starting a business? There are pros and cons to each of these structures.
Choosing the Business That is Right for You - Click To Read Article
Sometimes when an individual wants to start their own business, they are not quite sure of what type of business that should be.
This article identifies some of the things that you could do to determine the business that is right for you.
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Mike Pendrith
(Visit Mike's Website)
Mike Pendrith is a Principal with
PerformancePoint Corporation. He works as
an advisor to owners of small and medium
sized businesses. Mike writes business
plans for start up organizations. He also
works with owners of existing businesses
to help them to develop strategies and
implement plans to grow their businesses.
For additional information, visit the
websites at www.t
orontobusinessplans.com and www.perfor
mancepoint.ca
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