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  • May 5th, 2006 1:30 pm
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[OP]
Deal Fanatic
User avatar
Nov 15, 2005
8840 posts
Vancouver

Business plan/model resources?

I've been contemplating starting a new business with funding through ACOA, anyone recommend some good resources online to get it started?

I have friends who are willing to help out, but I'd rather get as much compiled myself as possible, before hassling them.. business people are pretty BUSY!

TIA
Beans, beans, the magically fruit. The more you eat, the more you toot. The more you toot, the better you feel. So eat your beans at every meal.
6 replies
[OP]
Deal Fanatic
User avatar
Nov 15, 2005
8840 posts
Vancouver
That's pretty good.. I've been warned that likely when I approach for funding, ACOA will ask how I know there is a market for my services.. at which point I'm supposed to tell them I don't, and therefore need cash (say $20,000) for a market analysis.

Is that the end of it, or should I compile something in detail regarding a market analysis as well?

I'm so used to contracting myself to others, this idea of controlling my own fate seems daunting.
Beans, beans, the magically fruit. The more you eat, the more you toot. The more you toot, the better you feel. So eat your beans at every meal.
Deal Expert
Oct 20, 2001
18709 posts
1213 upvotes
Sauga
FastFokker wrote:That's pretty good.. I've been warned that likely when I approach for funding, ACOA will ask how I know there is a market for my services.. at which point I'm supposed to tell them I don't, and therefore need cash (say $20,000) for a market analysis.

Is that the end of it, or should I compile something in detail regarding a market analysis as well?
$20k for a market analysis?! I'm sure you can do something basic for much, much less. Your business plan is useless if there's no market analysis.


In terms of books on business plans, one I recommend is http://www.amazon.ca/exec/obidos/ASIN/0764113992/ ... it's compact, concise and well laid out.
Deal Addict
Apr 2, 2003
1358 posts
13 upvotes
Richmond Hill
Don't skimp on the market analysis - it will help determine where you put your effort. Besides, if you need money later, it helps to have done the analysis and of course the business plan.

Don't say you don't know....say that you believe based on your experience and basic research that there IS a market for your services. However, much more detailed research would be required to determine the optimum positioning of your service.

Other resources:
Strategis (Gov't site)
Inc Magazine
Canadian Professional Sales Association (CPSA)
Business Plan Software

Business Plan Pro and Marketing Plan Pro are good software packages to use
Member
Sep 8, 2003
203 posts
159 upvotes
Here are the templates I used to write my business plan (with some modification of course as they are only templates).

The best thing about these are that they are in Word and Excel format and ready to use (as opposed to PDFs that can't be edited)

http://www.bdc.ca/en/business_tools/bus ... efault.htm
Digital Improvements
Most posts are via my mobile, so sorry for any duplicate posts, poor spelling/grammar, lack of photos and other details.
Deal Addict
Feb 24, 2004
1454 posts
80 upvotes
FastFokker wrote:That's pretty good.. I've been warned that likely when I approach for funding, ACOA will ask how I know there is a market for my services.. at which point I'm supposed to tell them I don't, and therefore need cash (say $20,000) for a market analysis.

Is that the end of it, or should I compile something in detail regarding a market analysis as well?

I'm so used to contracting myself to others, this idea of controlling my own fate seems daunting.
Subscribe to research companies and download their latest market analysis for much less. IDC, D&B, Forrester, Gartner, to name a few...

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